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Cryptogambling / Hashflow introduces gamified DeFi experience

Hashflow introduces gamified DeFi experience

Publish Date: 21/09/2023
Video: Introducing the Hashverse: The Gamified DAO of Hashflow

Introducing the Hashverse: The Gamified DAO of Hashflow

Multichain decentralized exchange (DEX) Hashflow has launched a gamified trading platform called the Hashverse. While not a video game, Hashverse offers educational and story-driven assignments to create entertaining crypto transactions and DAO governance.

Hashflow developed the Hashverse in collaboration with Superconductor, an advertising agency and entertainment studio established by Hollywood director duo Anthony and Joseph Russo, as well as Justin Lin of the Fast & Furious franchise.

The Hashverse is situated within Renova, a futuristic sci-fi realm home to the AI known as Solus. As people rose up against the AI in an effort to gain control, the AI retaliated by creating an AI-run planetary dictatorship.

“We hope to positively transform the experience of trading, competitions, and governance in Web3, all while ultimately enabling the community to shape the future of our platform,”

Varun Kumar, Hashflow CEO.

“We are thrilled to announce the launch of the Hashverse, reaching a milestone moment for our protocol and the greater web3 community. We hope to positively transform the experience of trading, competitions, and governance in web3, all while ultimately enabling the community to shape the future of our platform,” Hashflow CEO Varun Kumar said.

How the Hashverse works

In the Hashverse, traders begin by selecting an avatar. They then stake tokens, do web-based missions and produce NFTs for their Hashverse character to climb the rankings. Traders can form teams that will participate in semi-monthly “Battle Royale” conflicts, with the successful teams getting a cut of the HFT—Hashflow’s governance token—prize pool.

Governance tokens are crypto tokens used by decentralized communities (DAOs) to vote on various measures that shape the future and objectives of said community.

The platform gave away one million HFT tokens to groups and individual players in its inaugural season, which will extend over 12 weeks.

Kumar encouraged the community to take part in the Battle Royale that will begin on October 4, saying, “We hope to positively transform the experience of trading, competitions, and governance in Web3, all while ultimately enabling the community to shape the future of our platform.”

In the Battle Royale, players can compete as part of an “Alpha Allegiance,” which are teams composed of founder-led communities in NFT, trading, gaming and research across Ethereum and Arbitrum.

For the first season of Hashverse, available Alpha Allegiances include DeGods, Pudgy Penguins, Sappy Seals, Deadfellaz, The Plague, Primapes, Pudgy Penguins, Battlefly, Blocmates, Blueberry Club, Ready Player DAO and more.

In addition to the battle royale, Hashverse also offers single-player story-based quests that draw upon its sci-fi lore and educational quests. Day-to-day gameplay includes reading up on DeFi topics, trading strategies and market analysis. Players who finish these tasks will acquire experience points, and the Alpha Allegiance with the most XP will reach the summit of the scoreboard.

Inspired by the Entertainment Software Ratings Board’s (ESRB) rating system used in video games, Hashflow has humorously rated the Hashverse “D” for “degen,” citing “getting rekt, smack talk and gud vibes” as reasons for the score.

Similar initiatives

Other than Hashflow, many other crypto companies have built a gamified social trading experience.

Recently, social crypto platforms like Friend.tech and Yuga Labs’ HV-MTL Forge became a trending topic among speculators searching for novel platforms to buy and sell crypto assets.

Find Satoshi Lab, the studio behind Web3 lifestyle app STEPN, is also planning to launch a similar initiative called Gas Hero, giving away GMT, STEPN’s governance token, as part of the launch.

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