What is My Neighbour Alice (ALICE)?

My Neighbour Alice is a blockchain builder game with strong elements of decentralized finance and NFTs. It has served to bring awareness towards cryptocurrencies and blockchain in the gaming industry. 

With the introduction of blockchain and cryptocurrencies, there have been efforts towards harnessing these innovations. Cryptocurrency enabled games is one of the ways. It has been quite instrumental in bringing awareness and adaption of digital assets. Moreover, blockchain games have been able to appeal to a greater number of people. As a consequence, there are plenty of gaming tokens like Decentraland (MANA), Axie Infinity (AXS), The Sandbox (SAND), Gala (GALA), Enjin Coin (ENJ) etc. MyNeighborAlice (ALICE) is one such cryptocurrency enabled game that we will discuss today.   

What is My Neighbor Alice? 

My Neighbor Alice is an online multiplayer farm builder game. It appeals to not just blockchain game players, but also the general gaming community. It has a player-driven storyline and blockchain-powered features. The game offers a set of islands that players can buy and develop as plots of land with their creations. Players can thus own virtual islands, collect, and build items. 

The game also has an outlet for social interactions. After building their plots, players can show them off to other players and meet new friends. Non-Fungible Tokens (NFTs) are used to represent assets owned by the players. 

How does My Neighbour Alice work? 

My Neighbour Alice is a builder game. It offers an open-world format that allows players to travel across the world of Alice. Therefore, you can interact with other players and in-game characters. Players use their avatars to navigate the world of Alice. Players will eventually own all the individual plots that make up the entire virtual land.

Each plot of land is represented by a unique NFT and are highly customizable. It allows you to add decorations and change terrain according to your unique taste. You can sell or trade these NFTs to other players you seek value in your creation. Apart from lands, there are other in-game assets like limited-edition accessories. Moreover, users have the liberty of creating their own items and controlling their scarcity. In game NFTs are built using the “Chromia Oringals” NFT protocol. These are powered by the Binance Smart Chain (BSC) blockchain. 

Moreover, Alice features in-game quests and activities for players. Apart from official quests, players can create their own events and pool resources to achieve them. The game is free to play and aims to monetize through in-game asset sales and transaction fees. The game offers more utility based features too. 

The platform offers the feature of lending and borrowing. Players can lend out their NFTs or borrow them in order to get a fixed return. In order to achieve this, Alice uses a trustless system using smart contracts. Players can also buy or sell Alice NFTs through in-game marketplaces as well as external marketplaces like Treasureland.

The ALICE Token 100 

ALICE an ERC-20 token that is the native governance coin of My Neighbour Alice. Alice uses proof-of-work (POW) to secure its network. Using ALICE, you can purchase in-game assets, lands and avatar skins. As an ALICE token holder, you can participate in the governance process through the community council. The council works by proposing improvements, voting and deciding the budget. The council also take decisions about the allocation of revenue, game development and growth. You can also use these tokens to earn staking rewards, therefore supporting the ecosystem.

You can earn Alice tokens through participation in in-game quests, events and competitions. Using the token, you can play, invest and be a part of the game. You can also enjoy features that have gamified finance like NFT collaterals and rentals. 

.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.

ZebPay Weekly

Subscribe for latest crypto news & stay updated!

    Start Trading Now