SYN CITY, a play-to-earn blockchain game, has announced that it will be launching its mafia-focused metaverse through Binance Initial Game Offering (IGO) on December 9. TIed to the launch, SYN CITY will also release a range of limited edition NFTs for use in-game.
SYN CITY is a free-to-play mafia-themed blockchain game that introduces a unique metaverse-based governance system called Mafia-as-a-DAO (MaaD). According to the company, MaaD will allow players to create their own syndicates and join those made by others.
So far, SYN CITY has received backing from several major venture capital firms and prominent investors, including Twitch's co-founder Justin Khan. In addition, developers currently working on the game hail from companies such as Disney, Ubisoft, Roblox, EA, and Gameloft.
Image Credit: SYN CTY
What Makes This Trend Stand Out
- Play-to-earn Gaming
- Businesses in the gaming industry can capitalize on the trend of play-to-earn gaming, creating exciting new opportunities to engage users in novel ways
- Blockchain Metaverses
- Companies in the financial industry can explore the potential of blockchain-based metaverses, exploring how they might benefit from adding value to the user experience
- Innovative Governance Models
- Entrepreneurial ventures like SYN CITY are creating new opportunities for businesses to innovate and explore more decentralized, community-controlled governance models within their own industries
Sectors Adopting This
- Gaming Industry
- The gaming industry can leverage the trend towards novel gaming models like play-to-earn, building on the key features of existing games to create new experiences
- Blockchain Industry
- Businesses involved in blockchain technology can explore innovative new models for managing data, such as the Mafia-as-a-DAO system pioneered by SYN CITY
- Investment Industry
- With prominent investors backing blockchain gaming ventures like SYN CITY, investment firms in the financial industry can explore emerging opportunities in this exciting new field
