Aurory Project: A Strong Play-to-Earn Opportunity
Play to Earn has strong potential as shown by games such as Axie Infinity. Yet games in crypto are not anywhere close to on par with games such as Fortnite.
However Aurory Project is on track to get the Play-to-Earn space to get much closer with high quality gaming utilizing NFTs and an in-game token (AURY)
Aurory will be a Play-to-Earn gaming platform built on Solana. The Aurory universe is populated with creatures called Nefties.
Players explore the world to discover and catch Nefties There will be battles, solo and multiplayer, land ownership, and so much more
Why I Like It?
It can be seen that the team has but a lot of thought into this game. Here is the whitepaper:
https://drive.google.com/file/d/1iPylESpfux2hVAZotW253NxCH5AnXgTz/view
Besides just how the game is going to be developed, the thought can be seen in the tokenomics design (pg 33 of the whitepaper focuses on the economic design)
The in-game economy plays a key part in every game, and plays an even more vital role when it comes to Play-and-Earn gaming. A single neglected parameter can turn the whole economy into shambles.
The token has a fixed supply and doesn’t has the ponzinomics mechanics seen elsewhere in crypto
the one major critique I have of this model is the short systematic vesting schedule. Games take time to build. There is a good chance that token vesting occurs before there is any demand for the in-game currency. This will result in a much lower price in the coming months.
For a long-term investor, this might not matter but poor performance may hurt Aurory’s image in the retail community. Vesting should be based on game development, not following traditional tokenomics vesting schedules.
But what is good is the key points of inflationary and deflationary mechanics. I find it hard to model without knowing exactly how gameplay will happen but it seems the team is thinking about it appropriately.
It’ll just be about execution.
Other Considerations
The artistry and sneak peaks are high quality
A sneak peak of gameplay
The team just keeps building a long term vision. A vision set way before the Solana and NFT boom in the second half of 2021
Aurory issued Aurorian NFTs in August 2021 with a mint price of 1 SOL (~$130 at the time). The current floor price is 21 sol (~$3k) with special incentives for the NFT holders
In October 2021, Aurory completed the largest IDO on Solana, raising $109mm.
The coin, AURY, has a market cap of $130mm with current staking yields of 33% & 71% flex & locked till May 2022, respectively
AURY will be used as the in-game currency
We have seen huge sales showing big money backing the project too
Aurorian Helios 5 (rank 1) for 2,400 SOL bought by Sigil Fund
Aurorian Helios 6 (rank 2) for 3,125 SOL
3 Aurorian Helios sold for 2k SOL & 1 for 1.8k SOL
Further, the team is focused on building the long term value of AURY and the Aurorian NFTs, not using short term gimmicks that result in short term demand and afterwards the floor crashing
"We decided against using the Aurorian NFT as a whitelist “key” to avoid having their value diminish after the token sale. We believe this would create an (artificial) undesirable short term demand for the NFTs and then large selling pressure afterwards" (Source)
Another datapoint that the team is thinking about economic implications of the game like in the tokenomic and game economic designs.
Investment & Conclusion
Two ways to gain exposure:
AURY token with staking yields of 30%+ (Available on Raydium and FTX)
Aurorian NFTs with ~21 floor price and while holding receive airdrops of NFTs used in game (0.3 floor price) (Available on Magic Eden)
The success of Aurory Project will be dependent on the team developing a game that is fun and incentivizes gameplay
The Aurory team has accomplished much in 2021 with an impressive community and art
I like their chances on creating a lot of value going forward