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Cryptocurrency News Articles

Parallel: A $85-Million Gateway Into the Future of Web3 Card Gaming

Apr 29, 2024 at 03:08 pm

Parallel, a collectible card game, has secured $85 million in funding from top-tier funds such as Paradigm, Spartan, and others. This article by Coin68 delves into the unique features of the game, including the Parallel NFT collection, card types, avatars, factions, gameplay, and the project's native PRIME token.

Parallel: A $85-Million Gateway Into the Future of Web3 Card Gaming

Parallel: A $85 Million-Backed Gateway into the Future of Card Gaming

Parallel, a groundbreaking blockchain-based card game from Parallel Studios, has emerged as a beacon of innovation, seamlessly blending the timeless appeal of card-battling with the cutting-edge advancements of modern gaming. This immersive digital experience, launched through Epic Games, has set a new benchmark for Web3 games.

The Cornerstone: Parallel NFTs

At the heart of Parallel TCG lies the Parallel NFT, a captivating collection of digital assets that mirror the game's central factions, known as "Parallels." These digital artifacts serve as the foundation for the game's diverse gameplay, empowering players to forge unique strategies.

NFT Mastery: Exploring Card and Avatar Types

Parallel boasts a rich tapestry of NFTs, each fulfilling distinct roles and functions. Among them, two types stand out: Cards and Avatars.

Cards: The Building Blocks of Strategy

Cards, represented by NFTs, are the primary tools for players to craft their battle plans. Each card, carrying its own unique attributes, abilities, and stats, plays a pivotal role in determining a player's tactical edge.

Inspired by five distinct Parallels – the driving forces behind the game's lore – cards exhibit a kaleidoscope of capabilities and playstyles. As players construct their decks, they carefully balance cards from different Parallels, harnessing their synergies to outwit their opponents.

Avatars: Expressions of Faction and Identity

Avatars embody the distinct characters that populate the game's universe, representing each of the five factions. These Parallel PFPs are not mere digital representations; they unlock a gateway to a vast array of experiences within the Parallel ecosystem.

By embodying an Avatar as their digital persona, players can earn additional in-game PRIME tokens through victorious battles. Moreover, Avatars are designed to grant privileged access to upcoming experiences in Parallel, cementing their status as indispensable components of the ecosystem.

Factions: A Universe of Cosmic Conflict

Five primary factions define the game's narrative and gameplay:

  • Earthen: Genetic mutations have transformed their skin pigments, enabling less than 1% of Earth's population to survive. Over time, these survivors evolved the ability to harness nature's powers.
  • Marcolian: Martian settlers who have overthrown an elite class that suppressed scientific and rational thought.
  • Augencore: Cyborg-human hybrids who ventured into the solar system in search of resources, discovering a minor planet that led them back to their ancestral home on Earth.
  • Kathari: Settlers on Jupiter's moon who, after a terrorist attack, genetically modified themselves and developed artificial food sources. Over time, they became infertile and switched to asexual reproduction.
  • Shroud: Members of the missing starship "New Dawn," who encountered a black hole during their journey to Kepler-1649c. Their attempts to reconfigure their propulsion systems to escape the black hole's gravity failed, and the ship vanished shortly after.

Gameplay: A Fusion of Tradition and Technology

Parallel masterfully blends classic card-battling mechanics with contemporary technology to craft an immersive gameplay experience. The game revolves around the collection of Parallel Studio's NFTs, with emphasis on the five factions that shape Parallel's central narrative.

Players engage in head-to-head battles, each armed with their carefully curated decks of cards. To join the fray, players must possess a complete deck of 40 cards, either belonging to a single Parallel or incorporating Universal cards that can be used in any deck.

Victory Rewarded: PRIME Token and Game Modes

Parallel rewards players with PRIME tokens, the ecosystem's utility token, which can be used for governance and in-game purchases.

The game offers a variety of game modes to cater to different preferences and skill levels:

  • The Ladder: A competitive mode where players face off against each other.
  • Sectors: A mode where players build an initial deck of 30 cards and progress to the next battle upon victory. Players have the option to replace cards within their deck.
  • Rookie Queue: A practice mode designed for new players, providing pre-made starter decks that can be customized to their liking.

PRIME Token: The Lifeblood of the Ecosystem

Token Information

  • Token Name: Echelon Prime
  • Ticker: PRIME
  • Blockchain: ERC-20
  • Token Standard: Ethereum, Base
  • Contract:

    • Ethereum: 0xb23d80f5fefcddaa212212f028021b41ded428cf
    • Base: 0xfa980ced6895ac314e7de34ef1bfae90a5add21b
  • Token Type: Utility, Governance
  • Total Supply: 111,111,111
  • Circulating Supply: 37,512,213

Token Allocation

[Image of PRIME Token Allocation Chart]

Token Release Schedule

To be updated

PRIME Token Utility

PRIME serves a multitude of purposes within the Parallel ecosystem:

  • Voting on governance proposals
  • In-game rewards
  • Purchasing in-game assets such as cards and avatars
  • Staking for additional rewards

PRIME Token Storage

Store your PRIME tokens securely in any of the following wallets:

  • MetaMask
  • Coin98 Wallet
  • Trust Wallet

PRIME Token Trading

PRIME can be traded on various exchanges, boasting a daily trading volume of approximately $15.2 million. Exchanges that list the token include:

  • Coinbase Exchange
  • Gate.io
  • Bybit
  • Uniswap
  • Aerodrome

Investors: Fueling Parallel's Future

Parallel has successfully concluded two funding rounds, raising a total of $85 million. These rounds brought together a consortium of reputable investment firms, including:

  • Paradigm
  • Focus Labs
  • OSSC
  • Spartan
  • Amber
  • Big Brain Holdings
  • VanEck

Conclusion

Parallel stands as a testament to the limitless possibilities of blockchain technology in gaming. With the backing of $85 million in funding, Parallel has the financial arsenal to refine and expand its game in the years to come. This article has provided a comprehensive overview of the project, empowering investors to make informed decisions.

Disclaimer: The information provided in this article does not constitute financial advice. Coin68 is not liable for any investment decisions made based on this content.

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