The blockchain game Legendary: Heroes Unchained is about to open for NFT minting and early access

In 2022, there were a total of 334 public financing events in the blockchain gaming sector, with a total financing amount of $4.4 billion. Among these, there are many projects participated in and led by star institutions. Recently, the blockchain game developer and publisher N3twork Studios, which also ranks among the top in financing scale, is about to launch its first game, Legendary: Heroes Unchained (LHU).

N3TWORK Studios was established in January 2022 by the game team N3TWORK, which was acquired by a certain blockchain gaming platform. N3TWORK Studios announced the completion of a $46 million Series A funding round on May 18, 2022. This round of financing was led by Griffin Gaming Partners, with participation from Kleiner Perkins, Galaxy Interactive, and others. As part of the financing, Peter Levin from Griffin Gaming Partners joined the board of N3TWORK Studios. The funds from the Series A financing will primarily be used to develop two blockchain games: Legendary: Heroes Unchained and Triumph.

N3TWORK Studios plans to approach from two angles: a hybrid of crypto-native games and free-to-play games, and is about to launch its first game Legendary: Heroes Unchained (LHU) as a crypto-native game. Heroes Unchained is a play-to-earn role-playing game based on the IP of the once-popular mobile game Legendary: Game of Heroes (LGH), which grossed over $300 million.

Team Background

The N3TWORK Studios team consists of more than 60 members from several well-known gaming and technology companies. Neil Young serves as the Executive Chairman. He founded the mobile game creator, publisher, and operator N3TWORK in 2013, and joined a certain blockchain gaming platform in January 2022.

Matt Ricchetti serves as the President, bringing a wealth of experience in the gaming industry. Josh Sell is the Chief Operating Officer, having held significant positions in several gaming companies.

Game Progress

LHU opened pre-registration in September 2021, with over 100,000 players completing pre-registration by December. The official will introduce NFTs through Drops or Drop Events. The Founder's season will provide players with the first opportunity to purchase NFTs in LHU.

In the first quarter of 2023, there will be opportunities to mint Founder NFTs, with a total of two rounds. At the same time, a beta version will be launched, allowing users to earn other NFTs in the ecosystem. In the second quarter of 2023, the list for the third round of Founder NFT minting will be opened, along with the second round of the beta version. In the third quarter of 2023, the third round of the beta version will be launched, along with the NFT market and tokens. In the fourth quarter of 2023, the second NFT collection will be released.

Game Mode

LHU is a hero-based card collection game where two teams of up to five heroes battle each other or five players team up to face a raid. Players can gain hero experience and rewards in PvE random dungeons, and earn rankings and corresponding rewards in PvP arenas. There will also be two modes, GvE and GvG, between guilds.

Each hero has nine immutable characteristics that determine their utility in LHU. At the same time, each hero also has six attributes, and players need to allocate attribute points based on the hero's characteristics and the gameplay scenario.

In-game battles are divided into several rounds, and each hero will perform an action in each round. Players can use energy multipliers to speed up the battle process, but this may lead to decreased energy consumption efficiency.

Economic Model

LHU adopts a dual-token model: a fixed supply utility token LHU and an unlimited functional token HP (Health Potions).

LHU tokens are mainly used in the hero evolution system and the mall, including increasing the hero's evolution level, enhancing skill levels, and purchasing NFTs. HP tokens can help players restore heroes' health points, extend game time, or resolve tricky PvE battles.

In addition, there are three types of off-chain currencies in the game: "energy, evolution, health," which are used for various functions within the game.

The N3TWORK Studios team recognizes the existing issues in the current blockchain gaming sector and plans to maintain economic balance within the game ecosystem through centralized regulation. However, there may be discrepancies between the initial design of the ecosystem and its actual operation, and it will take time to verify whether they can successfully attract users and maintain economic balance.