Welcome to New Festival Town
New Festival Town is a project that wants to create a new pixelated metaverse where different crypto art projects can exist.
Introduction
New Festival Town is a project that wants to create a new pixelated metaverse where different crypto art projects can exist, adding an additional layer of value to the metaverse using this crypto art as a gateway to this new universe.
Punkogotchi is the first metaverse we want to create, and this will be the world where Cryptopunks created by Larvalabs will be able to interact and come to life.
Purpose
Our purpose is to expand the narratives of crypto art projects through a metaverse that adds value to the creators of those. Also, the metaverse will generate value for the players through a cosy life sim (life simulation game) that brings more life to the world of Non Fungible Tokens (NFTs).
Strategy
Link content creators from the world of NFTs to integrate their projects into our metaverse.
Make use of the blockchain technology to generate value in the virtual world causing an incredibly immerse experience.
Have an economic system which together with will make the investment in this sustainable and fun.
Play-to-earn as an experience that transcends and impacts the lives of the players.
The problem
How to get more value of NFTs?
After the outbreak of CryptoPunks as the most important trend in the world of NFTs, a countless number of projects have joined the wave of possibilities that the crypto world has to offer. Despite the incredible acceptance of some of these projects, many of them have not reached the expected popularity, because they represent only a reflection of the project that started it all. In order to stay at a good position, the projects decided to add new systems that have gone through profit sharing to meta-models based on staking to motivate the purchase of their NFTs.
The last mentioned demonstrates the need to add value to the initial idea since art is not enough and users are demanding more complex and fun business models within the ecosystem.
The lost potential of video games items
According to Vorhaus Advisors there are approximately hundreds of billions invested in video game items. More than 63% of all gamers from the world would be willing to invest more in these items if their purchased virtual assets had any real value. Over the years, videogames have sought this space with objects such as World of Warcraft armours sold through a marketplace for real money. Nowadays we see cases like Animal Crossing where people pay to stand in virtual lines and visit someone else’s island from this virtual world. These are just some of the examples that let us to think about the path where gaming is heading and the connection between in-game markets and those in the real world.
Opportunity
This is an unprecedented opportunity to take the world of video gaming to a new level that would be a natural step from its background and a unique way to generate even more value of these in the ecosystem of NFTs. New Festival Town is our conclusion to bring these two worlds together into a cosy sim life that brings NFTs to life and in the process creates a single and massive market for virtual items that have value and impact on the real economy.
Why a cosy life sim?
Exponents such as Stardew Valley or Animal Crossing New Horizons are a couple of the most representative examples that have proven to have an addictive formula with some characteristics that we consider great to introduce to the blockchain:
Low entry barrier: These kinds of games are accessible and do not require a high learning curve or difficulty and are more related to the concept farming than other kind of games. One example of a game where we can find these concepts being already used in crypto gaming is Axie Infinity.
Wide and diverse economies: These games allow the development of an economy sustained by the creation of objects or utensils, which after becoming an NFT these objects will go from assets with a sentimental value or effort to demanded items on a market of players interested in acquiring these items.
Borders and multiplayer: Interactions in these games are always associated with commerce, as is the case in Animal Crossing New Horizons where people visit islands to acquire unique resources. These concepts have already been raised and realized in lands by projects such as The Sandbox, Axie Infinity or Ember Sword and represent a unique possibility of interaction and an ingenious way to unite the worlds of the different NFTs.
Stay tuned
Discord (Soon)