After Bitcoin Cats IDO raised over US$100 million, what other Bitcoin blockchain gaming projects are worth paying attention to?

Can BakerySwap’s next Launchpad project replicate the “myth of wealth creation”?

Written by: flowie, ChainCatcher

After the popularity of NFT in the Bitcoin ecosystem, the craze of the Bitcoin ecosystem is still spreading to game application narratives.

On December 19, BakerySwap, the AMM and NFT exchange on BNB Chain, announced that its first BRC IDO project, the Bitcoin chain game Bitcoin Cats, was 150 times oversubscribed in the IDO, with 37,383 ETH and 73 million BAKE. and other tokens participated in this IDO, totaling USDT 106 million.

Subsequently, Bitcoin Cats opened its 1CAT token trading on Ethereum at 16:00 on December 20, with an increase of more than 15 times at the opening, and the current price is US$0.007. According to Lookonchain monitoring, the first address to purchase the token when 1CAT opened spent 603.13 ETH (approximately $1.33 million) to purchase 413.89 million 1CAT, and later sold 3892 1CAT at a price of 759 ETH (approximately $1.68 million). 1CAT, earning 156 ETH (approximately US$345,000) in 15 minutes. Bitcoin Cats also stated that due to the congestion of the Bitcoin network, 1CAT on Ethereum will be launched first, and tokens on Bitcoin will also be distributed in the next few days.

The popularity of Bitcoin Cats also boosted the price of BakerySwap token BAKE to rise sharply, once exceeding $0.38, an increase of more than 50% on 24. Today, BakerySwap also announced that the second phase of the Launchpad project will only support the use of BAKE and 1CAT tokens to participate. In response, BAKE rose to exceed US$0.45, rising by more than 24% in 24 hours, and is currently trading at US$0.42.

Bitcoin Cats’ myth of creating wealth has caused FOMO on the chain. Can BakerySwap’s next IDO replicate the “myth of creating wealth” and become a platform for IDOs that get rich? Will Bitcoin Cats drive a boom in Bitcoin online chain games? What other Bitcoin chain game projects are worth paying attention to?

After Bitcoin Cats raised over US$100 million, can BakerySwap replicate IDO’s “wealth creation myth”?

BakerySwap is an old AMM and NFT exchange on BNB Chain. It was established in 2020 and received investment from “Binance US$100 million Seed Fund” in April 2021. BitcoinCats IDO completed 150 times oversubscription, giving BakerySwap a good start in its layout in the Bitcoin ecosystem.

As BakerySwap’s first IDO project on the BRC track, Bitcoin Cats has gained huge attention with the help of the overlapping buff narrative of “Bitcoin Ecology + Chain Games + NFT”. Judging from the X platform of BitcoinCats, it has settled on the X platform in August 2021. On December 6, it officially announced the launch of the Bitcoin ecological game BitcoinCats on the X platform. At present, its number of X platform fans has exceeded 170,000, Ttelegram The number of fans in the group also exceeds 16,000.

Judging from the information on the official website, BitcoinCats will position itself as the GameFi platform of the Bitcoin ecosystem and will map Bitcoin assets (BRC20, Ordinals NFT, etc.) to the Ethereum (and other Layer2) network. BitcoinCats will bring Bitcoin assets to Come to Play2Earn, Stake, Farmland, SocialFi and many other ways to play. The overall style is cartoon pixel style.

$1CAT, which opened more than 15 times this time, is the native token in the BitcoinCats game ecosystem. It was originally engraved on Bitcoin and partially bridged/packaged to Ethereum. $1CAT can be used to purchase and upgrade in-game assets, including avatars, pets, equipment, and more. The total supply of $1CAT is 10 billion, 20% will be allocated to Launchpad, 20% will be used for liquidity, 15% will be given to the team, and 45% will be used for user game rewards. Currently, BitcoinCats has opened $1CAT transactions on Ethereum, and said it will soon open $1CAT transactions on the Bitcoin ecosystem. The trading platform Bitget announced that it will launch the $1CAT/USDT trading pair at 11:00 UTC on December 21.

In addition, BitcoinCats also said that $1CAT can also be a MeMe coin, with a super cute cat as its logo.

BitcoinCats also launched BitcoinCats NFT. And the BitcoinCats NFT is a collection of 10,000 pixelated cat artworks inscribed on Ordinals. You can currently qualify for BitcoinCats NFT by staking 1CAT tokens. The “Game Metaverse” and “FRAMLAND” gameplay entrances displayed on BitcoinCat’s official website are not yet open.

Judging from the roadmap released by BitcoinCats after the IDO, it will first launch a plan to pledge 1CAT to obtain a whitelist, and then release the first 3D Metaverse game.

BitcoinCats also said it will regularly airdrop, whitelist slots and game assets. Players need to randomly download pixel cat pictures from the official website according to their needs, and upload them to social media as avatars, etc.

The popularity of BitcoinCats and 1CAT this time, in addition to leveraging the boom of Bitcoin ecological narrative, is also inseparable from win-win cooperation with multiple platforms such as BakerySwap.

BakerySwap issued an article as early as November stating that it would prepare for the bull market, discover 100-fold projects, provide NFT and GameFi assets with high liquidity, and expand the Bitcoin ecosystem. In this IDO of BitcoinCats, in addition to ETH, participants can also use BAKE and Bakery ecosystem tokens. The first IDO was oversubscribed by 150 times, making BakerySwap and BitcoinCats a win-win situation. The price of BAKE tokens also rose by more than 50%.

In addition to BakerySwap, BitcoinCats also has IDO cooperation with Turtsat, an IDO platform focusing on the Bitcoin ecosystem. TurtSat has previously launched multiple BRC 20 projects such as the asset protocol CHAX, the BRC 20 cross-chain bridge MUBI, and the Ordinals aggregation platform NHUB. These projects have all performed brilliantly after launch. Turtsat is also regarded as a wealth-making IDO platform.

Following the success of BitcoinCats IDO, who will be BakerySwap’s next IDO project? Can it replicate the wealth creation myth and become a wealth creation IDO platform similar to Turtsat and others?

This afternoon, BakerySwap announced the second phase of the BRC track Launchpad project, which will only support the use of BAKE and 1CAT tokens to participate in BAKE. In response, BAKE rose to exceed US$0.45, rising by more than 24% in 24 hours, and is now trading at US$0.42.

Will Bitcoin Cats detonate the Bitcoin blockchain game narrative? What other projects are worthy of attention?

Bitcoin Cats, which is billed as “the first blockchain game in the Bitcoin ecosystem”, has indeed occupied a high position in the narrative and attracted the attention of many crypto users. IDO platforms like BakerySwap have also made it clear that the focus of this bull market is on the Bitcoin ecosystem, GameFi and NFT.

The success of BakerySwap and Bitcoin Cats’ IDO may attract more IDO platforms and Bitcoin chain game projects to promote the Bitcoin chain game narrative and create the myth of wealth creation. In addition to Bitcoin Cats, there are currently many Bitcoin chain game narrative projects, which may be worth paying attention to in advance.

ORDZ GAMES: Known as the first blockchain game in the Bitcoin ecosystem, it plans to IDO on Alexlab in the near future

Like Bitcoin Cats, ORDZ GAMES, which is called the first blockchain game in the Bitcoin ecosystem, was launched earlier than Bitcoin Cats. It was launched in March this year, and two rounds of free mint and brc20 token rewards were conducted.

The first game of ORDZ GAMES is Tank Battle, and the project team has also launched a series of mini-games such as “Sheep Makes a Sheep” and spaceships. The user opens the inscription details through the inscription browser and enters the game. Players earn points and redeem tokens by playing games. Currently, the official X platform of ORDZ GAMES has more than 48,000 fans, and the official Discord community has also attracted more than 10,000 members.

ORDZ GAMES recently posted on the X platform that its token code has changed from $OG $ to $ORDG. The total supply of ORDG is 21 million, which can be exchanged for $OG$ at a ratio of 1:1. A snapshot of current wallet holdings of $OG$ will be taken at 9pm Hong Kong time on December 26th, and $ORDG will be available to claim starting on January 5th, 2024.

In addition, ORDZ GAMES has chosen to launch IDO in the next few weeks, and the cooperation platform will be the Stacks ecological Alexlab protocol. The Alexlab community plans to hold a community vote on December 23. If the vote passes, the $ORDG token will become the first game token issued on Alex Launchpad.

Bitmap: Known as the first metaverse project in the Bitcoin ecosystem, the BRC-420 protocol on Bitmap explodes

Bitmap is known as the first metaverse project in the Bitcoin ecosystem. It was proposed by Twitter user @blockamoto on Twitter on June 13, 2023. It is based on Ordinals theory (ordinal theory) and Bitmap theory (bitmap theory). It is mainly Selling virtual land.

Shortly after Bitmap went online, it achieved a 440% sales increase in seven days. After being dormant for several months, the floor price has reached a new high recently, exceeding 0.007 BTC, which is more than ten times higher than the price in August this year. Bitmap currently holds more than 30,000 addresses, and its NFT market value has exceeded the combined market value of The Sandbox land parcel LAND and Otherside virtual land parcel Otherdeed.

Recently, the BRC-420 protocol based on the Bitmap asset protocol has also become popular. It focuses on the metaverse and games. By combining multiple inscriptions into a complex asset, it creates everything from small characters and pets to complete game scripts and virtual machines. of various assets.

The first asset of the BRC-420 protocol, Blue Box, was issued on September 14th with a total supply of 10,000 units and a mint price of 0.1u. The current floor price has exceeded 23,000 U. The astonishing increase among holders has also caused FOMO on the chain. , the BIRU Solana red box was snapped up because it was compared to the BRC-420 blue box.

Dark City: Claimed to be Bitcoin’s first multiplayer role-playing game

Dark City is the first MMORPG based on Bitcoin, building an open world and using multiple protocols such as Bitmap, Ordinals and TA. Dark City currently has more than 6,600 X platform fans.

In Dark City, players can play as a hacker, start a futuristic cult, or become the CEO of their own criminal empire. Players can own Bitmap-based lands to build gangs, houses, companies, and religious cults. Each area and plot has a range of features and token rewards.

The total supply of Dark City’s native token DRK is 1 million and is published on the Bitcoin network. Dark City’s NFT collection, which includes biometric scans and chipsets, is sold on MagicEden with a floor price of 0.0004 BTC and 2,100 holders.

BTC PixelWars: Known as the first full-chain multiplayer game in the Bitcoin ecosystem

BTC Pixel War was launched in November and deployed on Ordinals. It is known as the first full-chain multiplayer game in the Bitcoin ecosystem. Currently, BTC PixelWars has more than 5,900 followers on the X platform.

In BTC PixelWar, players can submit individual pixels on a shared canvas to create a collective work together. Each time a pixel is placed, players will receive 10 $BPIX tokens, as well as be rewarded with Bitcoin ecosystem NFTs.

Pixel Wars has a total of 2.1 million pixels, and each pixel is priced at 0.000033 BTC. The total amount of BPIX is 21 million, but currently only more than 200,000 pixels have been submitted.

Rabbit: Known as the first blockchain game platform in the Bitcoin ecosystem

According to the official website, Rabbit claims to be a Bitcoin ecosystem gaming platform that is committed to providing users with a safe, scalable and excellent online gaming experience. There are many games on the Rabbit platform: Block Game, Space Dominion, Rainbow Garden Adventure, and Realm Awakening. Rabbit currently has 86,000 followers on the X platform.

The total issued amount of Rabbit token Rait is 10 billion (7 billion will be directly destroyed), and the actual total amount is 3 billion. Rait is also an IDO project on Turtsat. The current price of Rait is around US$0.003, and the 24h trading volume is more than US$11 million.

Conclusion

Compared with inscriptions, chain games require longer development time and community operations to present convincing content. At present, blockchain games in the Bitcoin ecosystem are still focusing more on the conceptual stage of the “Bitcoin Ecology” narrative, and related concept tokens seem more like meme coins.

In the future, with the development of various Layer 2 and side chain infrastructure in the Bitcoin ecosystem, it is worth looking forward to whether the Bitcoin ecosystem can really produce high-quality chain games with application value.