The traditional real estate sector is a well-known sector as it is a booming industry in most of the developing countries and people used to invest in such sectors to make a return out of it. But these are mostly centralized systems and hence all the risks continue to remain which are associated with a centralized system. Nonetheless, every operation is through a third party.
With the essence of Blockchain technology, we have been able to define a decentralized foundation upon which the decentralized application can be built and that can cater to a variety of business of the real world. So real estate can also fit into it and can function in a decentralized way, which does not need any third party.
Out of the various industries, the gaming industry is very prevalent nowadays on the top of blockchain technology. Some of the games are the virtual impression of real life. Just like the real estate sector we have seen many virtual & digitized real estates as gaming platforms to offer players a kind of experience they want to have in the virtual world of real estate. But most of them are centralized again, so with the power blockchain technology, a better experience and opportunity can be offered to a player who can not only have fun out of the game but also can benefit monetarily in a decentralized & secure way.
Taking motivation from this, Megacryptopolis aims to offer a gaming platform called Megacryptopolis as a decentralized application on the top of Etherum blockchain.
Megacryptopolis game is a decentralized application on the top of Etherum blockchain which aims to offer a global gaming platform free from monopoly and censorship where the player will be able to purchase a piece of block and will be able to construct buildings of their choice and enhance the worth of the block along with the facilities by gaining influence points. The players are free to trade their assets with others, the players will be able to collect the tax payment as a share of their facilities they have developed in the blocks or district, etc.
The assets, transactions are verified by Smart contract and immutably recorded in the Etherum blockchain. It is fairly decentralized and all the players are free to act on their own in the game. They can trade their assets with others to gain profit.
StateoftheDAPPS is a curated directory of decentralized applications on the top of various blockchains. Megacryptopolis as a gaming DAPP on the top of Etherum blockchain also featured in StateoftheDAPPS. Its current rank is 116.
https://www.stateofthedapps.com/dapps/megacryptopolis
Maps, Districts, Blocks
It consists of a map, which is composed of a number of districts. Each district consists of a number of blocks. The blocks may vary in size, form, geographical position and hence their suitability to a particular type of construction also varies. For example, if a block is containing mineral resources such as ores, a building is not permitted to be constructed upon such a block. If a block is a water body or a road or a sand beach or a forest, then neither such a block can be purchased nor construction can be allowed over such blocks. If the block is with a grass cover or with a meadow type then such blocks can be purchased and construction can be allowed.
Simply put, the blocks can be broadly classified into the following categories:-
There will be certain types of blocks which can be purchased and building can be constructed upon it. For example- grass cover, meadow type.
Certain types of blocks can be purchased but the building can not be constructed upon it, however, the block owner will receive other passive benefits from it. For example- blocks with mineral resources.
- Similarly, there will be another kind of block which can neither be purchased nor any building can be constructed upon it. For example- blocks with a water body or roads or sand beach, etc.
The basic objective of Megacryptopolis is that it allows players to purchase blocks and build Metropolis upon it. Every action in Megacryptopolis incurs tax and the tax is again distributed among the players. The tax distribution is in proportion to the influence point of each player.
A block of land is specified with a unique ID, co-ordinates, corresponding district to which it belongs to and the type of land(whether it is grass cover, or contains mineral resources or a water body or a sand beach, etc)
Both the blocks and the districts are recognized as ERC-721 tokens.
Whenever a block is purchased, the price of the blocks in its vicinity(within 7x7 field radius) rises. Further, a part of the price paid to purchase a block also goes to the block-owners in its vicinity within 7x7 field radius. The block-owners are free to sell their blocks within the integrated marketplace or on external token exchanges.
District owner always has additional power and additional benefits in the form of tax collection from players. The district owner has the power to set up or define the initial price of a block within the district. In terms of monetary benefits, the district owner always receives a part of the tax in the form of Ether as a result of core actions the players make on district blocks such as building, upgrading, destroying, etc.
Building
Any player after purchasing a piece of block is allowed to construct the building by spending some amount of Ether, however, the construction depends upon the type of block as discussed earlier. The various types of buildings in Megacryptopolis are:-
- Residential
- Office
- Parks
- Mining
- Production
- Energy
- Utilities
- Commercial
The type of utility or building depends upon some specific requirement. For example, a mining construction requires at least one block of mineral resource within a 7x7 field radius. The building can be upgraded from Level 1 to Level 5 and it also impacts the influence points.
A Huge building combines two adjacent level 5 buildings of the same type. A Mega building combines 4 adjacent level 5 buildings of square type and of the same type.
Just like a player is free to upgrade a building, a player is free to demolish or destroy it as well. Doing so will incur some amount of gas.
Any player is free to trade a block of land or the facilities constructed upon it with other players in the game or can also be transferred to any other Etherum wallet as this game is built on the top of Etherum blockchain. Once the blocks are sold with its existing facilities, the new owners shall also get the influence points it has generated. All the settlements are done in Ether and hence the payment is sent to the designated Etherum address.
Tax
Taxes are collected from the players in the game as a result of the following actions:-
- Purchasing a block
- Building
- Upgrading
- Demolishing
As the map is composed of a number of districts. The tax collected from a particular district constitutes Regional Budget. The tax collected from all the districts constitute the Federal budget. The taxes are distributed among the players in proportion to their influence points in each game cycle and the tax amount is sent to their designated Ether wallet.
Influence Points
There are leaderboards at the regional level(District Level) and at the global level(Map Level-containing certain districts). The rank of a player in the leaderboard is defined by the influence points. In order to gather influence points, a player must own a building or a resource block.
The influence points that can be generated further depends upon the building structure and its surroundings. The surrounding can have a positive impact or a negative impact on a building. For example- if a commercial zone is located next to a residential zone, then it will have a positive impact. similarly, if a factory is located next to a residential zone, then it will have a negative impact. Too much of the same kind of building around a zone also have a negative impact.
The ideal strategy for a player should be to occupy an advantageous position and to reduce the influence of neighbors so as to increase the share of tax distribution.
Macroeconomy & Microeconomy
Macroeconomy in Megacryptopolis refers to the underlying layer of immutable assets such as Districts, Blocks, Buildings or utilities constructed upon it. These are recognized as ERC-721 assets and these form the core feature of Megacryptopolis.
Microeconomy refers to citizens, pets, appliances, resources.
The building will be able to produce appliances, resources, collectible assets. etc.
For example- the residential building will produce citizens, industrial buildings will produce appliances and resources. Office and municipal buildings will produce ethers.
The performance of the Macroeconomy will be determined by the influence points as well as the performance of its Microeconomy. The microeconomy is independent of influence points. The citizens's performance is key to the building's performance.
In order to play the game of Megacryptopolis, you must have Metamask wallet to play it on Desktop. Alternatively, you can also play this game in your smartphone if you have Trustwallet or imToken wallet. I am using imToken wallet. ALso please note that you must have the required amount of Ether in order to purchase a block and construct building upon it. Once its value rises you can strategize your investment by trading it with others.
- Go to you imToken wallet and click on Browser. Then go to the "Games" section. There you can search for Megacryptopolis. Once you find that click on it.
- Then a pop-up will appear and it will ask to select the wallet. Click on your ETH wallet.
- Another pop-up will appear which will say "You will be redirected to a third party DApp Megacryptopolis". Click on "Understood" to proceed to the next step.
Then click on "Start the Game".
Then confirm the "request access to the wallet address".
- Then authorize the signature.
- Then enter the wallet password.
Now with the above steps, you have access to the game interface of Megacryptopolis, now you can play this game. But for every action like purchasing block, constructing building upon the block, trading the blocks, etc you need Ether. So it is not a free game. If you have a sufficient amount of Ether then you can play this game. You can also make a profit from it if you strategize your investment based on the different parameters of the game.
Pros
It is decentralized, so no monopoly, no control of asset by any third party, the player is the sole owner of his asset.
The player can acquire a piece of land and then construct a building on its own, enhance the worth of the land and gain influence points and can trade it with other players to make a profit.
The players can strategize their investment in this game in a decentralized environment.
The assets are easily tradable with other players and it can be transferred to any Etherum wallet.
Cons
In order to get started in the game, you are required to have a certain amount of ETH, there is no free way to participate in this game. So the barrier to entry is high.
A player can participate in an auction by sending ETH bid. However, if the player is not selected then the ETH will be returned, but as it is transacted through the blockchain, it incurs a certain amount of gas fees. So every time the player has to incur the gas fees in the process of bidding in the auction.
There could be regulatory risks.
As a virtual & digitized real estate gaming platform, it is really nice to see a game like Megametropolis which leverages on the Etherum blockchain to serve the players. As it is decentralized and borderless, this game can be played across the world and along with better gaming experience, profit can also be made.
I think the barrier to entry is high as there is some amount of cost involved to get started. The cost is equally an opportunity but some other mode of entry should also be included(be it limited in numbers) so that barrier to entry can be lowered and all types of players can fairly get a chance.
Some sort of development is also going on from time to time and they are adding extra features to make the gaming experience appealing & fun-filled.
So in my assessment, I would like to give a rating of 4 out of 5 stars.
The ability to offer an immutable land to a player in the game of Megacryptopolis has become possible with the power blockchain technology. In a decentralized & secured platform, the player experience is always fun-filled and they will be willing to invest more. Having said that Megacryptopolis has also brought 3D development in its interface and has introduced microeconomy with some other added features which in my opinion will enhance the overall experience of all virtual real-estate game lovers.
Disclaimer
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.
More Information & Resources
- Megacryptopolis Website
- Megacryptopolis Game Site
- Megacryptopolis in State of the DAPPS
- Megacryptopolis Medium
- Megacryptopolis Telegram
- Megacryptopolis Discord
This is very detailed and well illustrated post.
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Thank you so much.
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Looks like a great game to play. I always liked the real estate business.
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Looks like a great game
To play. I always liked the
Real estate business.
- marcusantoniu26
I'm a bot. I detect haiku.
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Thank you and yes it is a great game to play
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Another great review. Keep up your great work!
Regards,
@anggreklestari
[Realityhubs Curator]
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Hey there!
Megacryptopolis happens to be a game with a lot of features (I learnt that from your review).😃
However, this is a nice and informative review of the game. I'm a game lover and I can already feel the zeal to get my hands on this one. Thanks for your contribution to the realityhubs community. I'm already expecting your next contribution.
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