With blockchain technology deemed a key element of industry 4.0, and the international videogame industry valued at over $100 billion and set to grow to over $128 billion by 2020, the potential for developing unique new gaming experiences is evident. As a result, a number of companies are gearing up to stake their claim during this new frontier by creating decentralized games via which players can trade in cryptocurrency.
What is Coopet?
Coopet is an Ethereum-based virtual dragon-raising game, the first in Cootech’s Game ecosystem. According to the developers, the game allows players to have digital assets and buy, sell, exchange and breed their “pets”, a significant revolution for on-line gaming.
Cootech Company
Singapore-based Cootech’s expressed mission is to build compelling games based on blockchain technology. It aims to expand and partner with like-minded online gaming companies to make the next generation of titles.
Coopet: Key Game Modes
Solo Arena: players control dragons that fight/players perform daily missions to receive bonuses
Concentration Arena (boss hunt): deathmatch-like fighting mode in which winners receive daily/weekly/monthly prizes (dragon eggs/virtual money)
Mating/Reproducing and Fighting
The dragons in Coopet will be ready to mate and produce baby dragons. Male dragons will have a mating function, whereas female dragons will be able to reproduce. Eggs created from mating are called golden eggs, which may be sold by the player. The resulting baby dragons will be classified consistent with their rarity, with higher rarity corresponding to higher prices. In addition, players can earn rewards for winning fights.
Game Technology
Coopet will use a combination of homegrown Cootech technology and Ethereum’s intelligent contract handling to build an ecosystem that can create thousands of dragons per minute. Each Coopet will be represented by a set of Cootech tokens. Players will be unable to copy, modify or destroy the tokens.
Key selling Points of Coopet
- All assets owned by player
- Transparent blockchain-based trading
- Seamless operation
COO Token
Cootech’s token (COO) is based on the Ethereum platform (ERC-20 standard) and will function the main trading currency in the game. The entire token offer will be set at 120 million for pre-sale and ICO sales. Any excess COO tokens remaining after the pre-sale and ICO sale period will be burned. According to the developers, in each part of a two-part COO sale, the token worth can increase by $0.025 each forty eight hours, with COO acting as a worldwide transfer unit that affects the liquidity needed within the game market. Players will be able to use COO tokens with other titles in the Cootech Game ecosystem or keep them as a long-run investment. Coopet’s creators hope that it'll become the premier platform for online gaming in the future.
Coopet release Dates
According to promotion, Solo Arena will launch on September 20, 2018, with player rewards in the kind of COO or ETH tokens. The boss-hunting mode, Concentration Arena will follow on October 10, with winners rewarded with tokens or diamond eggs.
Looking to the future
With potentially huge rewards for companies that can successfully marry appealing gaming experiences with decentralized economies and the facility for players to own digital assets earned, traded or won in-game, Cootech may be well-placed to benefit from their virtual dragon-raising title, Coopet. If they do manage to live up to their own hype, Coopet would possibly only be the first in a long line of blockchain-based game titles from the developer.
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