Legendary: Heroes Unchained, a new blockchain game, is about to launch and raise $46 million

In 2022, there were a total of 334 public investment and financing events in the blockchain gaming sector, with a total financing scale of 4.4 billion USD. Among them, many projects received investments from leading star institutions. Recently, N3twork Studios, a blockchain game developer and publisher ranked among the top in financing scale, is about to launch its first game, Legendary: Heroes Unchained (LHU).

N3twork Studios was established in January 2022 after the game team N3TWORK was acquired by a certain blockchain gaming platform. This platform has over 40 partners and more than 15 million partner game users in the blockchain gaming sector. Its financing scale is also quite high, having conducted two rounds of fundraising in May and November 2021, raising a total of over $900 million. Investors include several well-known institutions in the crypto space, as well as notable companies from traditional sectors such as Sea Capital and Warner Music Group.

On May 18, 2022, N3twork Studios announced the closing of a $46 million Series A funding round. The round was led by Griffin Gaming Partners, with participation from Kleiner Perkins, Galaxy Interactive, and others. As part of the funding round, Peter Levin of Griffin Gaming Partners joins the board of directors of N3twork Studios. Its Series A funding round is mainly used to develop two blockchain games, Legendary: Heroes Unchained and Triumph.

N3twork Studios plans to approach from the perspective of crypto-native games and free-to-play games as a hybrid of Web3, with the upcoming first game, LHU, being a crypto-native game. Heroes Unchained is a play-to-earn role-playing game based on the once-smash hit mobile game Legendary: Game of Heroes (LGH) IP.

Team Background

The N3twork Studios team consists of over 60 members from companies such as EA, Kabam, Zynga, Glu, GREE, Scopely, Machine Zone, Warner Brothers, and Disney. Neil Young serves as the Executive Chairman; he founded the mobile game creator, publisher, and operator N3TWORK in 2013 and joined a certain blockchain gaming platform in January 2022.

Matt Ricchetti serves as the President, bringing extensive experience in the gaming industry, having worked at companies like Electronic Arts and Zynga. Josh Sell serves as the Chief Operating Officer and has held significant positions at several gaming companies.

Game Pre-registration and NFT Issuance Plan

LHU opened pre-registration in September 2021, and by December, more than 100,000 players had completed pre-registration. The official will introduce NFTs through Drops or Drop Events. These Drops will be scheduled into corresponding Seasons, similar to how physical card games are released in a regularly expanding format.

Founder's season will provide players with the first chance to purchase NFTs at LHU. In the first quarter of 2023, the minting opportunities of Founder NFTs will be opened, with a total of two rounds. At the same time, the early access version will be launched, and users will be able to earn other NFTs in the ecosystem.

The LHU official will introduce Hero NFTs into the game ecosystem through Drops. The levels and evolution of Hero NFTs will become permanent attributes, which determine their utility and value in the game. For free players, the official will provide novice heroes, but these heroes cannot be owned or traded.

In the second quarter of 2023, the third round of Founder NFT minting list will be opened, and the second round of Early Access will be opened at the same time. In the third quarter of 2023, the third round of Early Access will be launched, and NFT marketplaces and tokens will be launched. The second NFT collection will be released in the fourth quarter of 2023.

! [Detailed explanation of the $46 million chain game Legendary: Heroes Unchained, NFT minting and early access will be launched soon](https://img-cdn.gateio.im/social/ moments-eac3591b97aab1fc7690be4bd786b96b)

Game Mode

LHU is a hero-based card collection game where two teams of up to five heroes battle against each other or five players team up to fend off raids. The game offers various modes such as PvE, PvP, GvE, and GvG.

Each hero has nine immutable traits that determine its utility in the LHU. At the same time, each hero also has six attributes that can be assigned. Players need to allocate stat points based on their hero's traits and gameplay scenarios.

In-game battles are divided into several rounds, and in each round, each hero will perform an action. Players can use energy multipliers to accelerate the battle process, but this may lead to reduced energy consumption efficiency.

Economic model

LHU adopts a dual-token model, consisting of a fixed-supply utility token LHU and an unlimited supply functional token HP.

LHU tokens are primarily used in the hero evolution system and for marketplace transactions. HP tokens are used to restore hero health and can be obtained through gameplay or traded in the secondary market.

In addition, there are three non-chain currencies in the game, "Energy, Evolution, and Health", which are used for different game functions.

The game design focuses on economic balance, controlling token supply and demand and inflation risk through a variety of mechanisms. The project team will regulate the output and consumption of tokens according to the operation of the ecosystem to maintain long-term stability.

Summary

N3twork Studios is backed by a well-resourced parent company with a team experienced in game development and publishing. Its economic model design draws on the lessons of its predecessors and focuses on ecological balance and sustainable development. However, it will take time to verify whether it can successfully attract users and maintain the stability of the ecosystem. Given the team's background and resource advantages, this project deserves continued attention.