PolkaWar (PWAR) is an attempt to cash in on the popularity of decentralized fighting games. To explain, PolkaWar is a blockchain-based DeFi and NFT gaming platform and marketplace.
To elaborate, PolkaWar hopes to make money by combining decentralized finance (DeFi) and gaming. For example, players can buy and sell nonfungible tokens (NFTs) through PolkaWar’s marketplace.
The centerpiece of PolkaWar is a game they call War of Heroes. Players create characters and weapons and fight in the game. They sell weapons and other paraphernalia as NFTs.
Users can play as Warriors, Archers, or Magicians. They can buy NFT weapons and equipment, including swords, knives, bows, arrows, guns, Tessens, Scepters, and Magic Vases. Equipment includes armor, helmets, wings, and mounts (horses and other animals).
I might note that War of Heroes does not seem original. Instead, it looks like every other Massive Battle Online Arena (MOBA) game I’ve seen. Yet it resembles such mega hits such as League of Legends and World of Warcraft.
PolkaWar hopes to make money by not allowing players to create their own weapons and equipment. Instead, they will have to buy everything through the marketplace.
How PolkaWar could Make Money from Fighting Games
In addition, PolkaWar’s builders hope to make more money by selling real-world replicas of game items. For example, copies of the swords and other weapons.
They claim a feature they call PolkaWar Logistics converts NFT items into physical merchandise. PolkaWar Logistics uses smart contracts to buy items from the manufacturer. The smart contract keeps funds in escrow until the seller ships the item to the buyer.
PolkaWar players can use PWAR tokens to join in-game battles. Players can make money by leasing equipment through the NFT marketplace.Players can earn more tokens and gems (an in-game currency) to buy more equipment. PolkaWar makes money by charging fees on marketplace transactions. User can earn more money by providing liquidity and locking liquidity protocol (LP) tokens.
They built most of the PolkaWar ecosystem in 2021. However, they will not launch the PolkaWar game and market mainnets until the second or third quarter of 2022. They hope to integrate the PolkaWar Platform with virtual reality (VR) soon.
How Much Money can Decentralized Gaming Platforms make?
Blockchain games can make money. The Blockchain Game Alliance estimates NFT games generated $2.32 billion in revenues during the Third Quarter of 2021. The Blockchain Game Alliance estimates games made up 22% of all NFT trading volumes in the third quarter of 2021.
In contrast, Massive Multiplayer Online Games (MMOGs) and Multiplayer Online Battle Arena (MOBA) games generated $43 billion in revenues in 2021, Statista estimates. In consider PolkaWar a MOBA. Therefore PolkaWar is entering a lucrative business that generates enormous amounts of revenue.
That business is growing. MOBA and MMOG revenues grew from $23 billion in 2017 to $43 billion in 2021, Statista estimates.
What Value Does PolkaWar (PWAR) have?
The PolkaWar (PWAR) is the native token of the PolkaWar blockchain. Mr. Market thinks PolkaWar (PWAR) offers some value.
For example, CoinMarketCap named PolkaWar the sixth most-trending cryptocurrency on 2 April 2022. In contrast, CoinMarketCap estimated PolkaWar was the 1,389th largest cryptocurrency on 6 April 2022.
Overall, CoinMarketCap gave PolkaWar a 10.10₵ Coin Price, a $2.971 million Market Capitalization, a $10.973 million Fully Diluted Market Cap, and a $1.473 million 24-Hour Market Volume on 6 April 2022. They based those numbers on a Circulating Supply of 27.072 million PWAR, a Maximum Supply of 100 million PWAR, and a Total Supply of 86.322 million PWAR.
In contrast, CoinBase gave PolkaWar a Coin Price of 11₵, a Market Capitalization of $3 million and a 24-Hour Market Volume of $1.5 million on 6 April 2022. They based those numbers on a Circulating Supply of 27.1 million PWAR. I consider PWAR an unstable cryptocurrency because CoinBase gives it an all-time high of $1.20.
I think PolkaWar (PWAR) is an interesting cryptocurrency speculators need to watch. PolkaWar could make money because it offers a product decentralized fighting game that people will pay money for. However, there’s no guarantee anybody will play PolkaWar’s games. I recommend speculators watch PWAR until they show the game makes money.