Pteria: The New DAO That Can Change The Gaming Industry

Pteria is a new DAO built on top of Ethereum’s blockchain and it was launched about 10 days ago but is already bringing a lot of changes in the gaming industry, thanks to its NFT system so let’s learn more about it in the latest blockchain news.

The DAO created 21 million ERC20 tokens named PTERIA which can be used as a governance token or to play inside the wallem app which is the first gaming app that was entrusted to use the token. The DAO is independent of the gaming application that will use the token as it was decided to give Pteria legitimate and interesting projects for their games.

Wallem is a mobile app that is available for both IOS and Android. In order to understand how it works, we can say that it looks like PokemonGo but allows users to redeem cryptos and other items in real life like gift cards, exchange watches, and mobile phones. The Swiss company that owns Wallem-Krakatoa closed a lot of deals with internationally famous companies to put special products on the 3D map so the users can catch up and redeem them by playing.

Wallem can be download free of charge but there are in-app purchases since PTERIA tokens are required to join and to customize the avatars. In the game, every user has a skin. Each of them corresponds to one NFT. For example, the PewDiePie NFTs were sold for about 60 ETH  each which means about 22,500 dollars at a current ETH price. In total, there are 6 PewDiePie NFTs only but on OpenSea there are other NFTs as well. OpenSea allows users to purchase these tokens by using DAI or ETH.

💰 Owners of PewDiePie NFTs have just received 432 $PTERIA tokens each from sales of the #PewDiePie skin in the #Wallem game (2 weeks).

There are only 3 NFTs left, hurry up :https://t.co/g9nyA4AAdL

— Pteria (@PteriaDAO) November 10, 2020

The new era for NFTs is here as people started monetizing even without directly playing the game. every NFT has its own rule but the concept is that the users can buy it and then earn from the sale of the skins in the Wallem app. The Pteria DAO decided to burn a part of the tokens so that the supply of 21 million tokens will decrease. The tokens to be burned are the ones used in the Wallem app to join Wallem events or unsold NFTs. As mentioned, the governance token can be used for voting on the platform by having at least 100 PTE in their wallet. 1 token is equivalent to 1 vote.