Recently, a very popular project called Portal Gaming has seen a significant surge in Twitter activity. According to TrendX's Twitter activity and sentiment indicators, the average sentiment index for tweets related to the project this week is approximately 24.22, indicating a relatively positive market sentiment. There have been about 20,000 tweets discussing the project, with approximately 6,385 tweets (about 30%) being identified as positive. The number of Twitter followers for Portal Gaming has also increased by 16% in the past week, reaching nearly 280,000 followers, and the number of active fans remains substantial. Almost every tweet receives nearly a million views within 24 hours, demonstrating the high level of attention the project has garnered.
Today, let's explore what Portal Gaming is all about, what has caused the surge in attention, and how to participate in the presale starting on December 14th.
What is Portal Gaming?
Portal Gaming is a platform specifically designed for Web3 games.
The platform focuses on features such as one-click login with Portal Passport and easy payments.
It provides a system for managing all in-game assets in one place, such as NFTs and account abstraction.
The platform emphasizes connecting with friends, suggesting social features or multiplayer game functionality.
Playing games on any chain indicates support for cross-chain operability. Portal is supported by the leading interoperability protocol LayerZero, enabling seamless integration between games on different chains.
The website lists over 200 games, covering various genres such as MMORPGs, strategy games, and survival games. Portal Gaming aims to connect games and players from different blockchain networks based on LayerZero, establishing a unified Web3 gaming ecosystem and providing players with access to a wide range of games and game distribution opportunities. On October 12th, Portal announced integration with Polygon, and on October 26th, it integrated with Avalanche. It plans to integrate with networks such as Solana, Polygon, and Klaytn in the future. In simple terms, Portal aims to become a Steam-like gaming platform in the Web3 world, integrating a large number of games and overcoming cross-chain and payment issues through network integration, Layer0, and other technologies, with the goal of allowing players to freely play on a single platform with great fluidity.
What is Portal Coin?
It is the native gaming token of the Portal Gaming platform, serving as a link between Web3 games and game players, and can be used for platform governance, game trading, and other scenarios.
The platform, developed by LZ Technology, includes market integration, allowing the use of Portal tokens in various markets. For example, Portal Gaming has established a distribution partnership with the leading cross-chain NFT platform Magic Eden, enabling users to purchase any NFT using Portal tokens. This makes the token a validated currency through Magic Eden and provides additional utility.
Portal tokens can be used for buying and selling in-game items, adding practicality and interactivity for players.
Users can vote and influence the future direction of Portal tokens and the platform, demonstrating a community-driven development and governance approach.
By staking Portal tokens, participants can receive rewards from the foundation and partners. Players can increase pool points through staking, influencing the distribution of rewards in the pool.
Users can access and purchase exclusive NFTs from the platform's partner network.
They can choose to purchase nodes to power the core entry website infrastructure and platform, highlighting a decentralized approach to maintaining and operating the platform.
Team and Partners
According to the whitepaper, Portal Gaming is developed by the Cayman Islands-based Portal Foundation, and its team comes from many top game studios, having been involved in many disruptive game developments. Based on information disclosed on Portal's Twitter, known members of the Portal Gaming team include:
John Yao: CEO of the esports club Team Secret. John Yao will provide insights and resources in the mainstream esports field. He is a recognized industry expert in the esports field and has been covered by CNBC Squawk Box, Forbes, esports observers, and other global publications. Team Secret is a globally renowned esports club, ranking in the top ten in total historical tournament earnings and managing six professional teams, with players and staff in over 20 countries.
Russell Hanson: Scientist, technology expert, and entrepreneur with over 15 years of experience in artificial intelligence, health, data science, and cryptocurrency. He served as Chief Scientist of the Consensys Endjinn AI team from 2018 to 2019, responsible for developing and improving AI models for cryptocurrencies. He is currently the Chief Innovation Officer of Sama Therapeutics, leading the innovation and development of the iMAGiNE precision neuropsychiatry AI/ML platform. Russell Hanson will introduce generative AI + automation to Portal Gaming and its expanding game and digital asset library.
Jamie King: Former co-founder of Rockstar Games until 2006, best known for the Grand Theft Auto series. Currently serving as EVP/Marketing at Solace Lifesciences, Inc., and also as the Executive Vice President in charge of esports at Engine Shop. Skilled in pioneering market entry strategies and leading cross-functional teams to create new products and dynamic marketing campaigns, Jamie King's main responsibilities at Portal Gaming include driving the integration of Web2 games and providing advice on game and IP creative and directional strategies.
Matt Dixon: Experienced gaming industry professional with over 15 years of leadership experience in game development and publishing. Currently the CEO and co-founder of Landmarket, he previously served as Director of Business Development at Electronic Arts from 2016 to 2022.
Strategic investors in Portal Gaming include Newman Group, which will provide advice for Portal Gaming's Asian strategy. Game partners include Space Nation, Oxya Origin, Nine Chronicles, Crypto Unicorns, MagicCraft, and DeFi Kingdoms, among others. Other partners include LayerZero, Magic Eden, M80 (esports and gaming organization), and MWE (entertainment and cultural institution).
Token Economics
The maximum supply of Portal tokens is 1 billion, which will be minted at the genesis and released to the community treasury over time. The main uses of the token are as follows:
Used for paying transaction fees. Transaction fees consist of cross-chain transactions validated by Portal nodes and native fees of the Portal network. After paying transaction fees, a portion is burned, and the rest is placed in the treasury, with tokens in the treasury being redistributed as rewards to nodes, game developers, and back to players.
Used as a price target and payment option. All transactions within the Portal network will support Portal tokens as one of the payment options for in-game or game-related markets, and all fees related to any cross-chain transactions through the Portal network will be denominated in Portal tokens.
Stake-to-Scale System and Liquidity Provision
Used for voting and staking: Players and gameplays can earn rewards through staking and can also help games gain higher visibility and attention on the Portal Gaming platform through voting. Portal refers to this incentive system as the stake-to-scale system, which not only benefits both players and games but also enables decentralized game distribution.
Used for providing liquidity: Portal tokens also naturally play a role in providing central liquidity for on-chain game tokens and game assets, thereby gaining some economic benefits for the Portal ecosystem as a whole.
For reward distribution in mining scenarios, Portal Gaming will adjust the distribution of Portal tokens based on the staking ratio. In the graph below, the horizontal axis S represents the proportion of all circulating staked Portal tokens, and the vertical axis represents the distribution G of game Portal tokens. In game distribution, 20% of the tokens are allocated to node operators.
Airdrop Points and IDO Information
First, Portal Gaming will start its presale on December 14th, and specific details have not been announced yet.
However, the recent Crystal Dash points airdrop activity by Portal is likely related to the presale mechanism, which is part of the scoring economic model. Points will determine the user's level, and users of different levels will have corresponding rights. The specific registration benefits have not been disclosed yet, but it's possible to upgrade levels to earn some benefits! So, how can one obtain Crystal Dash points? The specific participation methods are as follows:
First, users need to meet the following conditions and take the following actions:
- Follow the @Portalcoin Twitter account and track it
- Find the Crystal Dash link
- Register and start participating in @Portalcoin content
- Create content on Twitter with the X tag and @Portalcoin
Users can earn points by viewing, liking, replying, retweeting, and quoting:
- Views: 2 points per view
- Likes: 10 points per like
- Replies: 20 points per reply
- Retweets: 25 points per retweet
- Quotes: 30 points per quote
Point multiplier: This multiplier will affect the number of points a user can earn through actions and may increase based on the user's number of followers.
The current round of Portal Gaming's Crystal Dash points activity is the most popular and has the highest volume. If you are interested in Portal Gaming, you can easily earn points by participating in related discussions on Twitter. It's worth taking action, and official presale information should be announced soon.
Conclusion
According to the market research results disclosed by the official website, the overall market size of the gaming metaverse has exceeded $192 billion. Portal is not just a gaming platform but also a grand vision for the future of gaming, aiming to drive Web3 gaming into the mainstream market and bring more possibilities to the gaming industry. It marks a new chapter in the integration of gaming and blockchain technology. The narrative of Portal has generated great anticipation among a large number of entertainment gamers. If it successfully follows its planned path, it is bound to become a major work in the Web3 and gaming fields. Everyone can learn more and participate in the Portal Gaming project, play with a relaxed attitude, and invest cautiously.
Related Links: https://app.trendx.tech/projects/814755ec2afca14f8882cf955345a6225e75332afae3b68d78bfd5c061795bac
Official Website: https://www.portalgaming.com/
Official Twitter: https://twitter.com/Portalcoin
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