Portal: The Steam of the Web3 World is Coming! Are You Ready?

12/12/2023·1years ago

A recent hot project, Portal Gaming, has seen a surge in Twitter popularity. According to TrendX's Twitter popularity and sentiment indicators, the average sentiment index of its tweets this week is about 24.22, indicating a relatively positive market sentiment. The number of tweets is about 20,000, with 6,385 tweets (about 30%) identified as positive information by intelligent recognition. The number of Twitter followers for Portal Game has also increased by 16% in a week, reaching nearly 280,000 fans, and the number of active fans is considerable. Almost every tweet has nearly a million views in 24 hours, indicating the high level of attention to this project.

Today, let's learn about what Portal Gaming is talking about, what has caused the surge in attention, and how to participate in the Presale starting on December 14th.

What is Portal Gaming?

Portal Gaming is a platform specifically designed for Web3 games;
The platform focuses on features such as one-click login to Portal Passport and easy payments;
It provides a system for managing all in-game assets in one place, such as NFTs, Account Abstraction, etc.;
The platform emphasizes connecting with friends, suggesting social features or multiplayer game features;
Play games on any chain, indicating support for cross-chain operability. Portal is supported by the leading interoperability protocol LayerZero, enabling seamless integration of games across different chains;
The website lists over 200 games, covering various types such as MMORPGs, strategy games, survival games, etc. Portal Gaming aims to connect games and players from different blockchain networks based on LayerZero, creating a unified Web3 gaming ecosystem and providing players with access to a large number of games and game distribution opportunities. On October 12th, Portal announced integration with Polygon, and on October 26th, Portal integrated with Avalanche. It will also integrate with networks such as Solana, Polygon, and Klaytn in the future. In simple terms, Portal aims to be a Steam game platform in the Web3 world, integrating a large number of games and overcoming cross-chain and payment issues through network integration, Layer0, and other technologies, aiming to allow players to play freely on a single platform with great smoothness.

What is Portal Coin?

It is the universal gaming currency of the Portal gaming platform, serving as a link between Web3 games and game players, and can be used for platform governance, game trading, and other scenarios.
The platform, developed by LZ Technology, includes market integration, allowing the use of Portal tokens in various markets. For example, Portal Gaming has established a distribution partnership with the leading cross-chain NFT platform Magic Eden, allowing users to use Portal tokens to purchase any NFT. This makes the token a validated currency through Magic Eden and provides additional utility.
Portal tokens can be used to buy and sell in-game items, adding a layer of practicality and interactivity for players.
Users can vote and influence the future direction of Portal tokens and the platform, demonstrating a community-driven development and governance approach.
By staking Portal tokens, participants can receive rewards from the foundation and partners. Players can increase the pool's points through staking, thereby influencing the distribution of rewards to the pool.
Users can access and purchase exclusive NFTs from the platform's partner network.
They can choose to purchase nodes to power the core entry website infrastructure and platform, highlighting a decentralized approach to maintaining and operating the platform.

Team and Partners

According to the whitepaper, Portal Gaming is developed by the Cayman Islands-based Portal Foundation, and its team comes from many top game studios and has been involved in many disruptive game constructions. According to information disclosed by Portal on Twitter, known Portal Gaming team members include:

John Yao: CEO of the esports club Team Secret. John Yao will provide insights and resources in the mainstream esports field. He is a recognized industry expert in the field of esports and has been covered by CNBC Squawk Box, Forbes, esports observers, and other globally renowned publications. Team Secret is a globally renowned esports club, ranking in the top ten in total historical tournament revenue and managing six professional teams, with players and staff in over 20 countries.
Russell Hanson: Scientist, technology expert, and entrepreneur with over 15 years of experience in artificial intelligence, health, data science, and cryptocurrency. He served as Chief Scientist of the Consensys Endjinn AI team from 2018 to 2019, responsible for developing and improving AI models for cryptocurrencies. He is currently the Chief Innovation Officer of Sama Therapeutics, leading the innovation and development of the iMAGiNE precision neuropsychiatry AI/ML platform. Russell Hanson will introduce generative AI + automation to Portal Gaming and its expanding game and digital asset library.
Jamie King: Former co-founder of Rockstar Games until 2006, best known for the Grand Theft Auto series in the company's works. Currently serving as EVP/Marketing at Solace Lifesciences, Inc., and also as Executive Vice President of Engine Shop for esports and gaming. Skilled in pioneering market entry strategies and leading cross-functional teams to create new products and dynamic marketing campaigns, Jamie King's main responsibility at Portal Gaming is to drive the integration of Web2 games and provide advice on game and IP creative and directional strategies.
Matt Dixon: An experienced professional in the gaming industry with over 15 years of leadership experience in game development and publishing. He is currently the CEO and co-founder of Landmarket, and previously served as Director of Business Development at Electronic Arts from 2016 to 2022.

Strategic investors in Portal Gaming include Newman Group, which will provide advice for Portal Gaming's Asian strategy. Game partners include Space Nation, Oxya Origin, Nine Chronicles, Crypto Unicorns, MagicCraft, DeFi Kingdoms, etc. Other partners include LayerZero, Magic Eden, M80 (esports and gaming organization), and MWE (entertainment and cultural institution).

Token Economics

The maximum supply of Portal tokens is 1 billion, which will be minted at the beginning of the genesis and then released to the community treasury over time. The main uses of the token are as follows:

Used for paying transaction fees. Transaction fees consist of cross-chain transactions verified by Portal nodes and native fees of the Portal network. After players pay transaction fees, a portion will be burned, and the rest will be placed in the treasury, with tokens in the treasury being redistributed as rewards to nodes, game developers, and back to players.
Used as a price target and payment option. All transactions within the Portal network will support Portal tokens as one of the payment options for in-game or game-related markets, and all fees related to any cross-chain transactions through the Portal network will be denominated in Portal tokens.
Used for voting and staking gameplay: Players and gameplay can earn rewards through staking and help games gain higher visibility and attention on the Portal Gaming platform through voting. Portal calls this incentive system the stake-to-scale system, which not only benefits both players and games, but also enables decentralized game distribution.
Used to provide liquidity: Portal tokens also naturally play a role in providing central liquidity for on-chain game tokens and game assets, thereby gaining some economic benefits for the Portal ecosystem as a whole.

For reward distribution in mining and other scenarios, Portal Gaming will adjust the distribution of Portal tokens based on the staking ratio. In the figure below, the horizontal axis S represents the proportion of all circulating Portal tokens staked, and the vertical axis G represents the distribution of game Portal tokens. Then, in game distribution, 20% of the tokens are allocated to node operators.

Airdrop Points and IDO Information

First, Portal Gaming will start its presale on December 14th, and the specific content information has not been announced yet.

However, the recent Crystal Dash point airdrop activity for the presale should be related to the presale mechanism, which is the point economy model. Points will determine the user's level, and different levels of users will correspond to different rights. The specific registration rights have not been disclosed yet, but it is possible to upgrade points as much as possible! So how to get Crystal Dash points? The specific participation methods are as follows:

First, users meet the following conditions and operations:

Follow the @Portalcoin Twitter account and track it.
Find the Crystal Dash link.
Register and start participating in @Portalcoin content.
Create content on Twitter with the X tag and @Portalcoin. Users can earn points by viewing, liking, replying, retweeting, and quoting:
Views: 2 points per view
Likes: 10 points per like
Replies: 20 points per reply
Retweets: 25 points per retweet
Quotes: 30 points per quote
Points Multiplier: This multiplier will affect the number of points a user can earn through actions and may increase based on the user's number of followers.

The current Crystal Dash points activity for Portal Gaming has reached its hottest and largest round. If you are interested in Portal Gaming, you can easily earn points by participating in related discussions on Twitter. Take action now, and the official presale information should be announced soon.

Conclusion

According to the market research results disclosed by the official, the overall market size of the gaming metaverse has exceeded $192 billion. Portal is not just a gaming platform, but also a grand vision for the future of gaming, dedicated to pushing Web3 games into the mainstream market and bringing more possibilities to the gaming industry. It marks a new chapter in the integration of games and blockchain technology. The narrative of Portal has greatly excited a large number of entertainment gamers. If its preset path is successfully realized, it will undoubtedly become a major work in the Web3 and gaming fields. Everyone can learn more and participate in the Portal Gaming project, play with a relaxed attitude, and invest cautiously.