What is Iskra World? Iskra World is a web3 Blockchain Game that provides users and game developers with a premier destination to discover and experience unique web3 games. So what is special about Iskra World? Let’s find out with Weakhand in this article.
Before jumping into the article, everyone can refer to some of the following articles to better understand.
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What is Iskra World?
Overview of Iskra World
Iskra World is a Web3 Blockchain Game for Gamers and Game Studios. This platform allows gamers to discover and enjoy quality blockchain games and create their own communities. Users can discover new game projects through Launchpad on Iskra World or can freely trade in-game Tokens and other assets such as NFTs on Dex and NFT Marketplace platforms provided by Iskra World.
Game Studios can use various resources provided by Iskra World to build games of all genres including: TCGs, strategy games, collectible games and MMORPGs. Iskra World provides the full support required for the development and operation of blockchain games from funding and infrastructure to an in-game economy and a passionate community.
What is Iskra World?
The ultimate goal of Iskra World is to become a community-driven Blockchain Game, gradually giving control of the platform to the community by using the DAO governance model to operate the Iskra World platform.
Iskra World’s operating mechanism
Iskra World provides seamless comprehensive services to both gamers and game studios. In there, The Iskra Hub Chain is the main network blockchain that powers essential ecosystem services on Iskra World from Launchpad to NFT Marketplace. It is a protocol that allows different games in the Iskra Hub Chain ecosystem to communicate with each other seamlessly and trustlessly, serving as the hub for all assets in the ecosystem.
In addition, Iskra World also provides some essential infrastructure for users and developers such as:
1, Iskra Launchpad
Iskra Launchpad is a platform that facilitates the distribution of digital assets and connects new projects with early backers in the web3 ecosystem. Currently, Iskra Launchpad is in version 2.0 with improvements to connect multiple games together, helping Iskra Launchpad become a multi-game marketing service in the field of Web3 games.
Iskra Launchpad 2.0
To better illustrate how Iskra Launchpad 2.0 works, let’s look at the following example:
Example of how Iskra Launchpad works
Let’s say an A game has successfully implemented an Initial Offering and boasts a dedicated and loyal player base. Any game studio wants to attract these dedicated players to their own game. So, they can come up with different strategies to attract these players to their platform as follows:
- ⓐ→ⓔ : Game B can reward tokens from their game to users who hold Game A’s expTOKEN.
- ⓐ→ⓕ : Game C can use Game A’s expTOKEN in their own game environment to entice players to try their game.
- ⓐ→ⓖ : Game C can accept Game A’s expTOKEN as payment for their own in-game items.
- ⓐ→ⓗ : Game D may provide a whitelist for their Initial Offering program or various benefits to users holding Game A’s expTOKEN.
In this structure, we see Game A indirectly benefiting from being mentioned by other games. This will indirectly increase the reputation and value of Game A. Reaching a broader player base through cross-marketing efforts will promote Game A to a larger audience, potentially leading to increased royalties and revenue as players hold its Tokens. Game A enjoys various perks and benefits. In essence, this structure creates a win-win scenario in which all game studios participating in the marketing effort can benefit.
2, Iskra Dex
Iskra Dex is a Dex decentralized exchange that allows users to Swap Tokens of all games that issue Tokens in the Iskra World ecosystem. Like most other Dexes, Iskra DEX charges a Swap fee for each user transaction, which will be shared with Liquidity Providers and the community according to the community’s reward policy.
3, NFT Marketplace – Iskra
NFT Marketplace provided by Iskra World includes two markets including:
- Primary market: Supports the sale of various assets encoded with NFTs issued by Game Studios. Users can purchase these NFTs with iUSD tokens, ISK tokens (the main token of Iskra World), or other tokens specific to each Game Studio.
- Secondary market: This is a market that allows players to buy and sell in-game NFT assets including: Game characters, weapons, virtual land,… Assets can be traded with iUSD Tokens, ISK Tokens or other Other tokens are specific to each game studio.
4, Iskra Bridge
The Iskra Bridge is a bridge between the Iskra Hub Chain, the gaming side chains, and external blockchains. Because most of the games in the Iskra World ecosystem run on Blockchain, a secure Bridge is needed to connect different blockchains.
For bridges for Iskra World games: Allows player connection and games run on different blockchains. Players are allowed to freely transfer the game assets they hold between different game chains or between a specific chain and the Iskra Hub Blockchain.
For bridges to external blockchains: Iskra Bridge also supports connection to other Blockchains outside the Iskra World ecosystem. Iskra Bridge allows users to transfer all Tokens supported by Iskra Hub Chain to selected external blockchains.
What is the Iskra World difference?
In addition to building a good infrastructure to serve users and developers in its ecosystem. Iskra World also implements a community system to reward members who contribute positively to the community.
Iskra World’s community system
The Iskra community includes Game Studios and gamers as stakeholders who participate transparently and share the proceeds from the platform’s operations. Anyone who joins the Iskra Platform can be a member of the community and earn rewards proportional to their contributions. Iskra World will group community members into 3 main categories including:
- Service providers (such as Iskra, Game Studio) provide platform or game services.
- Pioneer – Pioneer in providing computing power to Iskra World by operating nodes through Pioneer NFT.
- Explorer – A person who has an Iskra Account and uses various entertainment services in the Iskra World ecosystem.
Iskra World will calculate points through Contribution Points (CP). The amount of CP points a user receives reflects the contribution they have made in the ecosystem. Users can earn CP points in the following ways:
- Contribute to the development of Iskra World: When using Iskra World’s original platforms (Swap, Bridge, Marketplace,…), users will receive CP points corresponding to the service fee paid.
- Contribute to ecosystem growth: Users can earn CP through Pioneer NFT Staking activities or participate in operating nodes on the ecosystem. In addition, Staking ISK tokens also helps users earn CP Points corresponding to the sISK obtained.
- Some additional activities to earn CP may be updated according to the development roadmap of Iskra World.
Core Team
Eugene Lee: CEO
- Eugene graduated with a bachelor of science degree from Pohang University of Science and Technology.
- Eugene has been involved in several projects developed on Blockchain since 2016 and served as technical executive in a project called Icon, dubbed “Korean Ethereum”.
- After that, Eugene started working at LINE – Asia’s No. 1 messaging platform. He also contributed to Line Link Blockchain – a product developed by LINE.
- In December 2021, Anh joined Iskra World and is currently the CEO at Iskra World.
Spike Ruy: COO
- He graduated with a bachelor’s degree in computer science from Seoul National University.
- He used to be the head of global service development for the hit RPG game MapleStory with experience successfully serving games in more than 60 countries around the world.
- He also has experience running global game corporations and services in the United States such as KOG – Lu Games USA, Disney Interactive and LINE EA.
- At LINE Plus, he participated in the development of the Korean central bank’s digital currency (CBDC) project.
- In November 2021, he joined Iskra World and is currently responsible for business development planning at Iskra World.
Paul Kim: CTO
- He graduated with a bachelor’s degree in computer science from Pohang University of Science and Technology.
- He was previously one of the founding members of Alticast Corporation, a leading global provider of Java-based DTV middleware.
- Before joining Iskra, he most recently ran a small software consulting company called SeasonFive Corporation that provided consulting on high-performance, high-availability server and database systems as well as as deployed on Blockchain.
- In December 2021, he joined Iskra World and is currently CTO at Iskra World.
Investor
Iskra World investors
- April 5, 2022: Iskra World successfully called for 34.5M USD from investors such as: Crust blockchain company of Internet giant Kakao, NHN Bigfoot, Neowiz and venture capital company Fast Ventures.
- September 21, 2022: Iskra World announced successfully calling for 40M USD from investment funds such as: Korean technology giant Krust, Wemade, Netmarble, LINE Studio,…
- May 30, 2023: Iskra World has continued to successfully call for capital for the third time but did not announce details about the amount of funding.
Tokenomics
There are two types of native tokens used to support the development of Iskra World including:
- ISK Token: This is the main token of Iskra World and is used for governance in the ecosystem.
- Pioneer NFT: Gives holders the right to participate in the Iskra ecosystem as node operators on the network.
Basic information about ISK token
- Token Name: ISKRA Token
- Ticker: ISK
- Blockchain: Base
- Contract: 0x17d2628D30F8e9E966c9Ba831c9B9b01ea8Ea75C
- Token Type: Governance
- Total Supply: 1,000,000,000 ISK.
Token Allocation
ISK Token Allocation
- Team: 20%
- Private Investor: 10%
- Ecosystem Fund: 10%
- Pioneer NFT: 20%
- Governance Staking: 40%
Token Release
Update….
Token Use Case
ISK tokens are used for all types of services provided in the Iskra ecosystem including:
- Currency to buy Pioneer NFT.
- Governance token
- The main currency in the ecosystem is used to exchange with other assets and can be used as a form of payment and charging for a variety of other services in the Iskra ecosystem.
Exchanges
ISK tokens can be traded on both DEX and CEX exchanges such as: Uniswap v3, Gate.io, MEXC,…
Iskra World Project Information Channel
- Website: https://iskra.world/
- Twitter: https://twitter.com/iskra_world
- Discord:
summary
Iskra World is a new Blockchain game that is receiving a lot of attention on Base at the moment. Hopefully the information I provide in this article has helped everyone gain useful knowledge about Iskra World.
