What is EPIK Prime? EPIK Prime is the world’s leading NFT issuance platform, producing unique in-game NFTs worth millions. So what is EPIK Prime and what are the outstanding game mechanics? Let’s find out with Weakhand in this article.
To better understand what EPIK Prime is, people can refer to some of the articles below:
- What is NFT? All About NFTs
- What is GameFi? GameFi’s Operating Mechanism
- What Are AAA Games? Will Tripe A Make a Difference for GameFi in the Upcoming Cycle?
EPIK Prime Overview
What is EPIK Prime?
EPIK Prime is the world’s leading NFT issuance platform, producing unique in-game NFTs worth millions. Since 2018, the project has cooperated with major global brands in Gaming with the core vision of enhancing the experience for players.
EPIK Prime focuses on providing NFT platforms in the AAA (Triple A) gaming industry in partnership with leading Game companies and entertainment brands such as Universal, Warner and Tencent to create a digital marketplace Global Epik Prime Marketplace.
Epik’s NFTs ensure their owners stay front and center in their games. It allows players to interact with assets outside the Game platform, and trade that asset whenever they want. Besides, it also allows players to earn economic rewards in the Game.
What is EPIK Prime?
According to statistics from the project’s website, there are more than 300 business customers who are game companies. Among them, 50% are the world’s leading game companies. More than 1000 Brands are present such as Sony, Warner Music Group and Universal Music Group with over 1 billion user base data.
Besides, Epik has an ambition to build a platform where anyone, anywhere can easily access the entire Collection of NFT digital items across all of their Games.
To do that, the project launches Epikverse which includes a network of Games, VR spaces and metadata that can communicate with each other. This groundbreaking innovation opens up a digital world of connectivity and shared experiences between all players in the same or multiple games. Epikverse will be a part of everywhere players decide to experience it.
Mechanism of action of EPIK Prime
Epik produces some of the world’s leading digital entertainment content and NFTs. It brings blockchain and NFTs to mainstream adoption by indirectly reaching millions of consumers through B2B (business-to-business) and B2C (business-to-customer) relationships.
Epik integrates drop rates into the Game, creating unique experiences and in-game items through these relationships. As a digital branding agency, Epik also helps companies launch refined NFTs and produce premium digital items.
Special features of EPIK Prime
1. Influential approach and partners
EPIK Prime is tapping into two large industries that are growing rapidly in the current 4.0 era: Gaming and NFT through Blockchain. In the time since their debut, they announced a collaboration with the team ELITE APES HK is the team behind Bored Ape Yacht Club. In addition, the traditional games announced and co-developed by the team in the ecosystem are:
- Gameloft’s Asphalt 9: AAA game publisher, No. 1 racing game on mobile devices, more than 1 billion downloads is a hot hit of AppStore and GooglePlay.
- FREE FIRE: The game is called “Pagoda Fire” by the Vietnamese online community with a large community of teenagers, who will also be future generations. This is a hot game worldwide with an incredible number of more than 100 million active users every day.
- Avakin Life: The world’s leading 3D simulation social game headquartered in Nottingham UK, invested by Tencent with more than 200 million users.
- Second Life: Virtual reality game combined with Zenescope comics.
2. Generate revenue – Source of income towards sustainability
Being a third party and having certain products like Epik Prime Marketplace, or soon Epikverse. Their revenue will come from:
- Licensing service.
- Platform transaction fees.
- Sell NFT products.
- NFT royalty fees.
3. Cool NFT features
Epik items are officially brand-licensed NFT merchandise. Epik items are created from collaborations between brands and digital platforms, and they are specifically designed to bring users completely new immersive experiences.
Upgraded NFT digital collectibles. Collect beautiful and rare digital goods, then use it in real life and in games.
Infinite possibilities. With Epik, there are endless combinations of brands and games to create truly unique collections that have never been possible before.
4. Lockr application
With Lockr, users can view and access all items from all of their games. Lockr allows them to manage items and transactions anywhere.
Present App Lockr is in Beta and only available on Google Play.
Development Roadmap
The project does not provide a specific timeline but does provide goals to be accomplished in the future:
- Released Lockr.
- Launch of Epikverse.
- Announcing more collaborations with world-class gaming brands and partners.
- Marketing, combined with KOL.
Investor
- The project raised a total of 4,469,000 USD through capital calls and IEO and IDO sales, notably large funds such as Animoca Brand or LD Capital.
Core Team
EPIK Prime is headquartered in Singapore with about 50 members, the team includes the following core members:
CEO: Victor David
- He has achievements in the top 10 alumni of Forbes and Inc.
- Besides, in 2016, he also reached Techcrunch’s top 20 Accelerator Alumni.
- For the following two years, he was a Co-Founder of Virtual Fantasy League, a sports interactive platform that aims to provide fans of all ages with experiences through mobile and web. It’s highly social, easy to learn, free for fantasy sports leagues.
- He is a 2018 FutureTech Panelist, at the International Licensing Industry Merchants Association.
- After that, he and the Epik co-founding team became CEO and steered the boat.
COO: Gary Ma
- He used to be the Investor and Director of Official Software Technology Development Company Limited in Beijing, China during the period 2011 – 2013.
- Besides, he is also a Co-Founder of Tingdong Music. China’s leading live entertainment music (EDM) festival company.
- In 2013 – 2015, he was president of APEC Capitalt connecting great founders with strategic venture capital.
- After that, he worked as Co-founder and Chief Revenue Officer at Virtual Fantasy League for a period of 2 years.
- By 2021, he will take on the position of Chief Operating Officer at Epik.
VP Product: Darren Smith
- He brings nearly eight years of experience at Nintendo as Director leading North American product management for all online experiences through the Nintendo platform.
- Along with that, he was also the CEO and Co-Founder of Neutron Games in 2000, publishing video games that moved from Sony’s PlayStation 2 platform to the Nintendo GameCube.
- He was also a Principal at Darren Smith Consulting in 2003, providing business and technical consulting services to internet technology and video game companies.
- In 2018, he joined Epik in the role of developing and implementing strategies to achieve the goal of creating ideal markets for brands.
Tokenomics
Basic information about EPIK token
- Token name: EPIK Prime
- Ticker: EPIK
- Blockchain: Ethereum, BNB chain.
- Standard: ERC-20, BEP-20.
- Total Supply: 2,000,000,000 EPIK.
- Contract ERC-20: 0x4da0c48376c277cdbd7fc6fdc6936dee3e4adf75
- Contract Bep-20: 0x368ce786Ea190f32439074e8d22e12ecb718B44c
Token Allocation
The total supply of EPIK is distributed as follows:
- Ecosystem: 40%
- Private Sale: 24.9%
- Partners: 17.5%
- Founders: 15.5%
- Liquidity: 2.1%
Token Release
Token Use Cases
- Used as transaction fees on the platform.
- Staking to earn Staking Reward EPIK rewards.
- Receive project exclusive Airdrops.
Exchanges
Currently EPIK is present on exchanges: Kucoin, Uniswap, Pancake, Gate.io, HTX, Latoken, CoinEX.
Information Channel of
- Website: https://epikprime.com/
- Twitter: https://twitter.com/EpikPrime
- Telegram:
Summary
EPIK Prime is an NFT publishing platform connected to the world’s top traditional game companies. With the creation of more content in the digital and NFT segments along with the right direction, integrating with the wave of Blockchain technology. Epik has gradually asserted its position and is able to generate revenue. This confirms that Epik has a solid foundation and support. This will be a project worth watching while the GameFi trend is gradually returning to popularity.
