What other Bitcoin chain game projects are worth paying attention to?
Written by: flowie, ChainCatcher
After the NFT boom in the Bitcoin ecosystem, the trend of the Bitcoin ecosystem is still spreading to game applications and narratives.
On December 19th, BakerySwap, an AMM and NFT exchange on the BNB Chain, announced that its first BRC IDO project, the Bitcoin chain game Bitcoin Cats, completed a 150x oversubscription in the IDO, with a total of 37,383 ETH, 73 million BAKE, and other tokens participating in the IDO, totaling 106 million USDT.
Subsequently, on December 20th, Bitcoin Cats opened trading for its Ethereum-based 1CAT token, which surged more than 15 times at the opening, with a current price of 0.007 USD. According to Lookonchain monitoring, the first address to purchase the token spent 603.13 ETH (approximately 1.33 million USD) to buy 4.1389 billion 1CAT, and then sold 3.892 1CAT at a price of 759 ETH (approximately 1.68 million USD), earning 156 ETH (approximately 345,000 USD) in 15 minutes. Bitcoin Cats also stated that due to the congestion of the Bitcoin network, 1CAT was first launched on Ethereum, and the token will also be distributed on the Bitcoin network in the coming days.
The popularity of Bitcoin Cats also boosted the price of BakerySwap's token BAKE, which surged by over 50% to exceed 0.38 USD. Today, BakerySwap announced the second phase of its Launchpad project, which will only support participation using BAKE and 1CAT tokens. BAKE surged to over 0.45 USD, with a 24-hour increase of over 24%, and is currently trading at 0.42 USD.
After raising over 100 million USD, can BakerySwap replicate the "wealth creation myth" of the IDO?
BakerySwap is a well-established AMM and NFT exchange on the BNB Chain, founded in 2020, and received a $100 million investment from "Binance Seed Fund" in April 2021. The oversubscription of 150x for the BitcoinCats IDO has given BakerySwap a strong start in the Bitcoin ecosystem.
As BakerySwap's first BRC track IDO project, Bitcoin Cats has gained tremendous attention by leveraging the narrative of "Bitcoin ecosystem + chain game + NFT". From the perspective of BitcoinCats' X platform, it had already settled on the X platform in August 2021, and officially announced the launch of the BitcoinCats game on the X platform on December 6th. Currently, its X platform has over 170,000 followers, and its Telegram group has over 16,000 members.
According to the information on the official website, BitcoinCats positions itself as a GameFi platform in the Bitcoin ecosystem, mapping Bitcoin assets (BRC20, Ordinals NFT, etc.) to the Ethereum (and other Layer2) network. BitcoinCats will bring various gameplay modes for Bitcoin assets, including Play2Earn, Stake, Farmland, and SocialFi. The overall style is cartoon pixel art.
The $1CAT, which surged over 15 times at the opening, is the native token in the BitcoinCats game ecosystem, originally engraved on Bitcoin and partially bridged/packaged to Ethereum. $1CAT can be used to purchase and upgrade in-game assets, including avatars, pets, and equipment. The total supply of $1CAT is 10 billion, with 20% allocated to the Launchpad, 20% for liquidity, 15% for the team, and 45% for user game rewards. Currently, BitcoinCats has opened trading for Ethereum's $1CAT and stated that trading for the Bitcoin ecosystem's $1CAT will be available soon. The trading platform Bitget announced that it will launch the $1CAT/USDT trading pair at 11:00 UTC on December 21st.
In addition, BitcoinCats has also introduced BitcoinCats NFT. BitcoinCats NFT is a collection of 10,000 pixelated cat artworks engraved on Ordinals. Currently, eligibility for obtaining BitcoinCats NFT can be achieved by staking 1CAT tokens. The "game metaverse" and "FRAMLAND" gameplay entrance displayed on the BitcoinCat official website are not yet open.
After the IDO, according to the roadmap released by BitcoinCats, the next step is to launch a plan to stake 1CAT to obtain whitelist access, followed by the release of the first 3D metaverse game.
BitcoinCats also stated that it will conduct regular airdrops, whitelist quotas, and game assets. Players need to randomly download pixel cat images from the official website and use them as avatars on social media according to their needs.
The popularity of BitcoinCats and 1CAT this time, apart from leveraging the hot trend of the Bitcoin ecosystem narrative, is also due to the cooperation and win-win situation with multiple platforms such as BakerySwap.
As early as November, BakerySwap announced its preparation for the bull market, discovering hundredfold projects, providing high-quality liquidity for NFT and GameFi assets, and expanding the Bitcoin ecosystem. In the BitcoinCats IDO, participants could use not only ETH but also BAKE and tokens from the Bakery ecosystem. The 150x oversubscription in the first IDO made BakerySwap and BitcoinCats a win-win situation. The BAKE token price also surged by over 50%.
In addition to BakerySwap, BitcoinCats also collaborated with the IDO platform Turtsat, which focuses on the Bitcoin ecosystem. Previously, TurtSat had launched several BRC20 projects such as asset protocol CHAX, BRC20 cross-chain bridge MUBI, and Ordinals aggregation platform NHUB, all of which performed well after launch. Turtsat is also seen as a platform for creating wealth through IDO.
Following the successful IDO of BitcoinCats, which will be BakerySwap's next IDO project, and whether it can replicate the wealth creation myth and become a platform for creating wealth similar to Turtsat?
This afternoon, BakerySwap announced the second phase of the BRC track Launchpad project, which will only support participation using BAKE and 1CAT tokens. BAKE surged to over 0.45 USD, with a 24-hour increase of over 24%, and is currently trading at 0.42 USD.
Will Bitcoin Cats ignite the narrative of Bitcoin chain games? What other projects are worth paying attention to?
Bitcoin Cats, claiming to be the "first chain game in the Bitcoin ecosystem," has indeed captured a high narrative position and attracted the attention of many crypto users. Platforms like BakerySwap have also clearly stated that the focus of this bull market is on the Bitcoin ecosystem, GameFi, and NFT.
The success of BakerySwap and Bitcoin Cats' IDO this time may attract more IDO platforms and Bitcoin chain game projects to drive the narrative of Bitcoin chain games and create wealth creation myths. In addition to Bitcoin Cats, there are currently many Bitcoin chain game narrative projects that are worth paying attention to.
ORDZ GAMES: Claimed to be the first chain game in the Bitcoin ecosystem, planning to conduct an IDO on Alexlab soon
Similar to Bitcoin Cats, ORDZ GAMES, which claims to be the first chain game in the Bitcoin ecosystem, went online earlier than Bitcoin Cats. It went online in March this year and conducted two rounds of free mint and rewards for BRC20 tokens.
ORDZ GAMES' first game is Tank Battle, and the project has also released a series of small games such as "Sheep Sheep" and Spaceship. Users can enter the game by opening the inscription details through the Inscription browser. Players can earn points by playing games and exchange them for tokens. Currently, ORDZ GAMES' official X platform has over 48,000 followers, and the official Discord community has attracted over 10,000 members.
ORDZ GAMES recently announced on the X platform that its token code has been changed from $OG$ to $ORDG$. The total supply of ORDG is 21 million, and it can be exchanged at a 1:1 ratio with $OG$. The snapshot of wallet holders of $OG$ will be taken at 9 pm Hong Kong time on December 26th, and $ORDG$ will be available for redemption at http://ordz.games starting from January 5, 2024.
In addition, ORDZ GAMES plans to launch an IDO in the next few weeks, with the collaboration platform being the Stacks ecosystem's Alexlab protocol. The Alexlab community plans to conduct a community vote on December 23rd. If the vote is successful, the $ORDG token will become the first game token issued on the Alex Launchpad.
Bitmap: Claimed to be the first metaverse project in the Bitcoin ecosystem, BRC-420 protocol on Bitmap is gaining popularity
Bitmap is claimed to be the first metaverse project in the Bitcoin ecosystem, proposed by Twitter user @blockamoto on June 13, 2023, and is based on the Ordinals theory and Bitmap theory, primarily selling virtual land.
Shortly after its launch, Bitmap achieved a 440% increase in sales in 7 days. After months of decline, the floor price recently reached a new high, surpassing 0.007 BTC, which is more than ten times higher than the price in August this year. Currently, the number of addresses holding Bitmap has exceeded 30,000, and the market value of its NFT has surpassed the combined value of The Sandbox's LAND and Otherside's Otherdeed virtual land.
Recently, the BRC-420 protocol based on the Bitmap asset protocol has also gained popularity. It focuses on the metaverse and games, creating various assets by combining multiple inscriptions into a complex asset, including small characters, pets, complete game scripts, and virtual machines.
The first asset of the BRC-420 protocol, the blue box, was issued on September 14th, with a total supply of 10,000 and a mint price of 0.1u. The floor price has now exceeded 23,000 U, and the astonishing increase in holders has also sparked FOMO in the chain. The BIRU Solana red box was also in high demand as it was compared to the BRC-420 blue box.
Dark City: Claimed to be the first multiplayer role-playing game in the Bitcoin ecosystem
Dark City is the first MMORPG based on Bitcoin, establishing an open world using multiple protocols such as Bitmap, Ordinals, and TA. Currently, Dark City has over 6,600 followers on the X platform.
In Dark City, players can play as a hacker, establish a futuristic cult, or become the CEO of their own criminal empire. Players can use Bitmap land to establish gangs, houses, companies, and religious cults. Each area and plot has a series of features and token rewards.
The native token of Dark City, DRK, has a total supply of 1 million and is released on the Bitcoin network. The Dark City NFT series includes biological scans and chipsets, which are sold on MagicEden at a floor price of 0.0004 BTC, with 2,100 holders.
BTC PixelWars: Claimed to be the first full-chain multiplayer game in the Bitcoin ecosystem
BTC PixelWars went online in November and is deployed on Ordinals, claiming to be the first full-chain multiplayer game in the Bitcoin ecosystem. Currently, BTC PixelWars has over 5,900 followers on the X platform.
In BTC PixelWars, players can submit a single pixel on a shared canvas to create a collective artwork. Each time a pixel is placed, players will receive 10 $BPIX tokens and rewards of Bitcoin ecosystem NFTs.
PixelWars has a total of 2.1 million pixels, with each pixel priced at 0.000033 BTC. The total supply of BPIX is 21 million, but currently, only over 200,000 pixels have been submitted.
Rabbit: Claimed to be the first chain game platform in the Bitcoin ecosystem
According to its official website, Rabbit claims to be a game platform in the Bitcoin ecosystem, dedicated to providing users with a secure, scalable, and excellent online gaming experience. The Rabbit platform features several games including Block Game, Space Dominion, Rainbow Garden Adventure, and Boundary Awakening. Currently, Rabbit has over 86,000 followers on the X platform.
Rabbit's token Rait has a total supply of 10 billion (with 7 billion directly destroyed), and an actual total supply of 3 billion. Rait is also an IDO project on Turtsat. Currently, the price of Rait is around 0.003 USD, with a 24-hour trading volume of over 11 million USD.
Conclusion
Compared to inscriptions, chain games require a longer development time and community operation to present convincing content. Currently, Bitcoin ecosystem chain games seem to be more focused on the conceptual stage of the "Bitcoin ecosystem" narrative, and related concept tokens seem more like meme coins.
In the future, with the development of various Layer2 and sidechain infrastructures in the Bitcoin ecosystem, it is worth looking forward to whether high-quality and valuable chain games can truly emerge in the Bitcoin ecosystem.
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