[PRESS RELEASE – Singapore, Singapore, 9th December 2021]
SYN CITY is the first ever mafia-themed blockchain metaverse game. This week saw the listing of assets and tokens in the in-game inventory. It has been one of the most successful IGOs. SYN CITY’s IGO was launched on the Binance NFT platform. It had various in-game collections and received over $3.5 million USD in volume within 30 minutes of launch. Today, SYN CITY ranks number 1 in collections on Binance NFT platform. It is also number 2 for the past 7 days and number 3 for 30 days.
SYN CITY is rapidly growing in popularity with more than 200 000 community members. Ex-Tron Head Of Business Roy Liu created the mafia metaverse. It works on a DAO system where each community member manages their own syndicates. Ex-team members from Ubisoft and Roblox, EA, as well as Disney, created the game. SYN CITY dropped limited-edition NFTs, and created in-game assets for Binance during the Binance IGO listing.
Roy Liu of SYN CITY said that “we have been blown over by the success this listing has had, and we are thrilled to create a parallel universe to support the Binance community.” We are creating something extraordinary here thanks to the support of our community, Binance NFT and the Binance NFT community. We will continue to grow and scale with our community.
Play-to-earn has boosted popularity of on-chain gaming. In the last quarter alone, the number of Unique Active Wallets (UAW) that are connected to game dApps climbed up to 754,000. This represents approximately half of the industry’s gaming activity. NFT games account to 20% of all NFT trade volume. But there’s one problem.
SYN CITY offers a free-to play-to earn gaming model. This takes away the focus from players who have to pay-to play and encourages engagement through incentivizing pure gameplay, in-game interaction, and gameplay.
As a new form of crowdfunding, IGOs are becoming increasingly important. They allow users to buy tokens in advance of game launches. You can also drop your NFT collection onto Binance NFT platform by the most popular blockchain games.
About SYN CITY
SYN CITY, the first “mafia metaverse” game for blockchain, is unique. SYN CITY was developed by a team experienced game developers. It brings mafia and syndicate-style gameplay to the blockchain while introducing an in-game governance feature called Mafia as-a-DAO, (MaaD). SYN, the native token of the platform, allows players to access a variety of earning opportunities, including governance rewards and events. Gamers can participate in daily events like PvP and PvE as well as Syndicate-based contests such cross-chain tournaments.
Marla Brooks – Financial Analysis
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