My Neighbor Alice: Players who aren’t crypto natives can work together to build, produce, and play My Neighbor Alice, a unique blockchain-based game. Even if you’re unfamiliar with NFTs, this game will make blockchain characteristics exciting and easy to understand.
The Antler Interactive developers, inspired by Minecraft and Animal Crossing elements, created My Neighbor Alice. Anna Norrevik heads the game development company. My Neighbor Alice’s mission is to educate millions of players about blockchain technology through engaging narratives and attractive revenue models. With My Neighbor Alice, individuals can build their virtual worlds.
In addition, many players have opportunities to meet their neighbors, participate in entertaining daily events, and receive awards. Acquiring land and partaking in pursuits such as insect gathering, fishing, farming, and beekeeping are prerequisites to joining the My Neighbor Alice universe. Participation in events, cooperative quests, and leaderboards raises players’ in-game status.
Players can utilize various in-game NFTs to personalize their domains, including buildings, plants, trees, flowers, and animals. Innovative in-game features such as a Game Builder and an NFT Creator allow players to personalize their gaming experience and experiment with the environment.
Players can purchase and sell various in-game items and NFTs in a marketplace. In addition, there is an on-chain forum where users may meet and customize their in-game avatars. Players are incentivized to level up using the game’s reputation system to unlock unique events and NFTs.
How Does My Neighbor Alice Work?
My Neighbor Alice enhances the gaming experience by allowing players to engage, communicate, and mingle with other users and players. It’s an open-world game, allowing players to explore Alice’s environment indefinitely and create their avatars, with which players can interact with others.
Alice’s world is made up of many virtual islands that are divided into My Neighbor Alice land plots. NFTs symbolize these land plots, which users may use to customize their in-game property, change the topography, construct a new patch, and decorate. In addition, the game contains a storyline through which players advance as they perform tasks.
The amount of land players can purchase is limited, which helps regulate NFTs’ value. The rarity and scarcity of the assets they represent affect the price and value of NFTs in this play-to-earn crypto game. Users can create assets like veggies, houses, and cosmetic items and define their supply requirements, but the game is free to play. However, users must pay transaction fees when purchasing and selling nonfungible assets like land.
Users can also utilize the lending system to borrow NFTs and play the game. Lenders can profit from their loans, allowing them to supplement their income in Alice’s gameplay. The native token of the My Neighbor Alice game, the Alice token, allows players to buy land, swap NFTs, and use particular DeFi products like buyback, collateralization, and staking.
What Makes My Neighbor Alice Unique?
My Neighbor Alice’s uniqueness lies in serving two separate demographics: gamers and DeFi enthusiasts. A multiplayer construction game, in-game assets based on the blockchain, staking, and a loan economy for NFTs are all parts of the technology that make up its ecosystem. This is the unique selling point of My Neighbor Alice compared to similar games or popular metaverse platforms such as The Sandbox.
Blockchain-based in-game assets
There is a 1:1 mirror of the game’s in-game currency, the ALICE token, on the blockchain. An extensive proof-of-work (POW) mining network, consisting of hundreds of nodes working together to secure the blockchain, protects the ALICE token, an Ethereum-based ERC-20 token. The Alice coin serves as a medium of exchange for in-game goods, participation in the game’s decentralized governance system, and staking rewards.
Staking
Players can earn passive money by staking their tokens; the game is optimized to provide the highest staking yields early on. As the game develops and new features are added, the staking incentives will progressively decrease.
Lending and borrowing
The smart contract capability of My Neighbor Alice’s trustless lending mechanism guarantees that players will return their tokens to lenders when the NFT rental period finishes. Alternatively, players can use in-game or external NFT marketplaces like Treasureland to buy and sell ALICE tokens and NFTs (on several blockchains).
Another unique aspect of My Neighbor Alice is allocating a percentage of the purchase price of each NFT to a designated account. For instance, when an individual purchases an NFT with 1 BTC, 10% of that sum is reserved for future redemption in the event of the NFT’s destruction. Due to their inherent value, which guarantees that they always retain a predetermined minimum value, NFTs can also be utilized as collateral in DeFi financing applications.
What Gives My Neighbor Alice Value?
Its worth is based on My Neighbor Alice’s technical talents. The game’s worth is determined by its features and functionalities and the technology that went into making it. These variables and the project’s inherent value determine the project’s potential to become a popular game utilizing DeFi features and technologies that establish a trustless loan economy.
There is no guarantee that ALICE’s market value will reflect its intrinsic worth due to the inherent volatility of cryptocurrencies. In reality, the value of the My Neighbor Alice coin is determined by market momentum and internal tendencies. The project’s value will increase as its acceptance rate rises, and it appeals to blockchain-based gamers and DeFi aficionados alike. My Neighbor Alice is a unique NFTs-based game, and making NFTs for in-game assets makes it more relevant.
What can I do with ALICE Tokens?
The My Neighbor Alice token can be used for various purposes, as listed below:
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Purchase game items: ALICE is an in-game token that you may use to buy in-game products and NFTs for avatars in the marketplace.
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Play to earn: ALICE tokens can be earned by participating in various in-game events, such as tournaments.
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Staking rewards: The ALICE token can be used to gain staking incentives in the system. It is intended to entice users to hold tokens and contribute to the ecosystem.
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Decentralized governance: Token holders may be able to participate in the decentralized governance process via the Community Council, which determines how earnings are spent and how games are developed and expanded.
How do I Earn Money from My Neighbor Alice?
As we’ll see below, player engagement while managing My Neighbor Alice’s economy creates many earning opportunities.
Trade your animals
Animals are one-of-a-kind NFTs that can repurpose materials to create something entirely new. Because every animal possesses distinct breeding abilities, some more uncommon than others, animals are often more sought-after in the market and can even become unique commodities.
For instance, after gathering organic cotton from your farm, you can enlist the help of local animals to spin the fibers into yarn. While some animals can only spin yarn, others can spin it into cloth, and others can dye it any color. These materials can be turned into unique garments or sold at a market!
However, you might want to own a pet if you’ve saved enough money as a nomadic artisan. In the game, you can rent land from other players and maintain animals. If you’d instead not use your animals, you may always hire others to do it for you.
Complete other players’ jobs.
Even if you don’t have any livestock or property just yet, you could find work by applying for positions posted by landowners. Helping them with farm chores or animal care is something you might be asked to do. You can care for animals and land by meeting their basic needs, including food, water, love, and attention. If the property is well-kept, the crops will be more significant, and the animals will be better able to reproduce. Thus, the landowner will benefit significantly from their help.
Export resources
It’s a fantastic journey to visit the many nations the participants represent, where you’ll meet exciting locals and see their homes, gardens, animals, and furniture. Depending on your luck, you could find that one place has a lower price on a particular item than another. Thanks to this dynamic, you can become a trader and profit by purchasing and selling things worldwide.
Farming (grow crops or rent your land)
All farming occurs on land represented by NFTs and can be purchased through lotteries. Planting and growing is a pleasurable experience. You can cultivate crops and sell them to other players if you’re lucky to have some land! Make sure your plants are well-watered to earn money by selling healthy crops. If this sounds like too much labor, you can rent your land to another person in the game and profit from the rental income.
Trade exclusive NFTs
Customizable hats and outfits allow players to express their individuality. Since each is a unique NFT, you can sell your handmade garments to other players. An item’s worth is directly proportional to how exciting and distinctive its design is.
What is an Alice Land Lottery?
The land lottery is the initial chance to acquire land in My Neighbor Alice. However, why bother with a lottery at all? Through this inaugural auction, Alice hopes to provide all participants, not just the highest bidder, an equitable opportunity to purchase a piece of property.
On June 12, 2021, August 12, and October 11, 2021, three lotteries were held and concluded correspondingly. The initial lottery had 29,010,516 tickets distributed, with 927 plots for the lucky winners. On the other hand, stakes won 1,000 plots in the second lottery out of 36,584,066 tickets. Were 45,860,693 tickets sold and 1,000 won plots staked in the third land auction lottery.
To participate in the lottery, you must be familiar with NFTs, the land sale lottery dashboard, Chromia, the CHR token, and MetaMask wallets. You should also own and know how to use a MetaMask wallet. The ALICE token and the game My Neighbor Alice are essential concepts to grasp.
How Much Does the My Neighbor Alice Game Cost?
While there is no cost to play My Neighbor Alice, there are a variety of in-game goods you can buy to personalize your avatar and their story. Windows 7 or later is required for the system to function. Your computer or laptop also needs a video card with 1024 MB of video random access memory and 4 GB of storage space.
The game can be accessed through Alice’s official website and conventional gaming channels. However, the whole game will not be available until Spring 2022. In addition to the captivating story, players who want to take their experience to the next level can use gamified finance and blockchain features to make money.
Does My Neighbor Alice have a Decentralized Autonomous Organization (DAO)?
The Chromia network, upon which My Neighbor Alice is constructed, integrates a blockchain’s immutability and security features with the efficiency of a relational database in terms of data storage and management. Chromia Originals, the standard non-fungible token on the blockchain, can be the native assets of the Chromia chain and an enhancement layer on Ethereum. These NFTs are more data-rich than conventional NFTs. A decentralized autonomous organization (DAO) called the Community Council will govern the show and give players a say in whatever source code is used to make the game.
How do I Buy My Neighbor Alice?
Find an exchange that deals in both fiat currency and cryptocurrency. Pick an affordable, secure exchange that accepts a range of payment ways, supports ALICE, and has low costs. You can buy ALICE tokens on several exchanges, including Binance (not for US citizens), KuCoin, Gate.io, Huobi Global, and WazirX (only Indian people).
If you haven’t done so already, make an account. After that, you can purchase My Neighbor Alice by funding your account with a debit/credit card, bank transfer, or Bitcoin stored in a cryptocurrency wallet. Find the ideal wallet to hold ALICE once you’ve purchased My Neighbor Alice.
How to Store ALICE?
You can buy, sell, and store ALICE on any platform that supports Ethereum. Cold wallets provide offline storage and are available with hardware wallets such as Trezor or Ledger. Another easy-to-use and cost-free option is software wallets. They are available as desktop programs or smartphone apps and could be custodial or non-custodial.
The service provider manages and backs up your private keys with custodial wallets. But crypto heists are more common in custodial wallets. For users without expertise or ALICE, a non-custodial wallet that uses security components to store private keys on your device is preferable.
Like traditional wallets, online wallets are free of charge, accessible from any device with a web browser, and easy to use. Hot wallets, in contrast, are not always as safe as other options, whether they’re software or hardware-based.
While participating in an ALICE lottery event, it is highly recommended that you use MetaMask, a browser extension that allows Ethereum transactions on regular websites and promotes Ethereum adoption by connecting Ethereum user interfaces with regular web user interfaces.
Conclusion
Integrating blockchain technology with non-fungible tokens (NFTs), smart contracts, and gaming mechanics is an enticing use case. It’s a massive, unexplored market that is now in its infancy. If the present upward trend in the popularity of NFTs continues, My Neighbor Alice has the potential to become one of the most popular blockchain-based initiatives in the world.
Since My Neighbor Alice is unlike any other blockchain-based game that uses NFTs, many NFT specialists believe that ALICE is a good investment with the potential to produce significant returns in the long run. Be wary and do your homework before putting your money into the cryptocurrency market because it is unpredictable.
