Earn in-game points that can be converted into PLT, which can be bought and sold on the exchange.
HashGames, the blockchain game studio division of HashPalette, Inc. (Head Office: Minato-ku, Tokyo, CEO: Seihaku Yoshida, hereinafter “HashPalette”), officially released “ELF Masters”, Japan’s first*1 play-to-earn blockchain game on 9/16 at 20:00.
*1: ELF Masters is the first Play-to-Earn blockchain game in Japan (Based on an in-house Internet survey conducted in August 2022).
Overview of ELF Masters
ELF Masters is Japan’s first fantasy adventure-type Play-to-Earn blockchain game.
Players can earn tokens and in-game items by conquering dungeons by utilizing 3 Master NFTs and 3 Elf NFTs.
It is based on “Palette chain”, a chain specialized for NFT distribution developed by HashPalette, which offers gasless UX.
PLT (Palette token), a crypto asset issued by HashPalette, will be used as in-game currency. In addition, players will be able to convert points earned by clearing dungeons for PLT after mid-October.
On September 1, 2022, a contract was signed with bitFlyer, one of the largest crypto asset exchanges in Japan, for IEO (Initial Exchange Offering) *2 of game tokens for the purpose of distributing ELF, a unique governor’s token in the game ecosystem.
Press release regarding the agreement with bitFlyer Inc.
*2: IEO is a mechanism whereby issuers such as companies and projects form and strengthen communities and raise funds through token issuance, while crypto asset exchangers take the initiative in screening projects and selling tokens through crypto asset exchanges. It is possible to aim not only to raise funds through token sales, but also to form and strengthen communities. Recently, IEOs are attracting increasing attention due to the progression of the Web3 era, and IEOs are being implemented in a variety of industries, including gaming and sports.
Title: ELF Masters
Genre: Fantasy adventure-type Play-to-Earn blockchain game
Supported Chain: Palette Chain
Supported devices: Android/iPhone (Browser only, Chrome/Safari recommended)
The latest information on ELF Masters will be announced below.
How to play ELF Masters
■ For Android devices
The app will be available for download from 9/16(Fri) 20:00.
■ For iOS devices
You can play from your browser (The link will be available from 9/16(Fri) 20:00).
*Chrome/Safari is recommended.
*iOS app will be available soon.
Game NFT Sales Information
In the first game NFT sale held on HashPalette’s own NFT marketplace, PLT Place, the Master Rare Pack sold out in 54 seconds, the second sale had over 2.7 billion yen in lottery applications, and the third sale, held in early September 2022, also completely sold out.
PLT Place’s secondary market for NFTs began on September 1st, which can be purchased using PLT.
To celebrate the launch of the secondary market, a 50% split campaign of the royalty commission (7.5% of the sales price) for ELF Masters game NFTs is being held until September 30th.
For more details, please see the following page.
HashGames, a blockchain game studio established in February 2022, designs and develops Play-to-Earn games on the Palette Chain, supports multi-chain support utilizing the cross-chain hub function of the Palette Chain, and supports marketing activities for global users. In FY2022, HashGames aims to release three Play-to-Earn game titles and establish Japan’s first Play-to-Earn game ecosystem that is fully compliant with domestic regulations.
For more information, please visit https://prtimes.jp/main/html/rd/p/000000031.000046288.html
Company Name: HashPalette Inc.
Location: EDGE Shiba 4-chome BLDG, 4-5-10, Shiba, Minato-ku, Tokyo
Representative: Seihaku Yoshida
Establishment: March 2, 2020
HashPalette provides a full range of support from technical infrastructure to content creation, including the development of “Palette Chain,” a blockchain network optimized for NFT distribution, the issuance and distribution of PLT (Palette tokens) with Japan’s first IEO in July 2021, the operation of NFT marketplace “PLT Place,” and the publishment of blockchain games.
For inquiries regarding this matter, please contact
HashPalette and parent company HashPort is actively recruiting for a wide range of positions in engineering, business development, and back office to realize our mission of “digitizing all assets”. If you are interested in blockchain technology, crypto assets, or NFT, want to be part of the social transformation through the “digitalization” of finance, or want to be a leader in the Web3 era, we are looking forward to your application.
List of open positions: https://www.wantedly.com/companies/company_2908299