A new NFT drop called GalaXY Kats has been attracting the attention of crypto enthusiasts ahead of its launch on November 4 at 1:00 UTC. It’s the mother project of XY Finance, an emerging De-Fi company with high profile investors in the crypto space. GalaXY Kats consists of a collection of 10,000 meerkat NFTs that give holders a ticket to enter the blockchain game, GalaXY Kats. The drop is taking place on the Ethereum blockchain on November 4th.
The aspect of the launch that has garnered much attention from the industry is the underlying blockchain game that is tied to the NFTs. The game takes place in a futuristic world, set in the year 2140, where an infectious disease threatens to make the earth no longer inhabitable by life. That’s where the story takes an interesting twist. After scientists in search of an alternate planet arrive on a sandy world called “Harena”, which they also deem uninhabitable to human life, they realize they do not have enough fuel to return to earth. They instead decide transfer their “consciousness” into a new form of life that can safely inhabit this new environment: meerkats.
Building a New Virtual Universe
The GalaXY Kats game takes place 500 years later where meerkats have achieved intellectual superiority and domination over their planet, Harena, in a way uncannily similar to how humans dominated earth. Holders of the GalaXY Kat NFTs will become inhabitants of this new civilization and partake in a mission to regenerate mankind as it was once known.
The game has captured the imagination of gamers and blockchain enthusiasts alike and is backed by top investors including Mechanism Capital, Animoca Brands, Infinity Ventures Crypto and Block Capital. “The story of GalaXY Kats was inspired by the sophisticated DeFi (decentralized finance) and MetaVerse ecosystem,” says Wilson Huang, the founder of XY Finance. “In GalaXY Universe, each character represents a specific role in XY Finance, such as developer, validator, ambassador, DAO member, and so forth.”
NFT Games Are Catching Fire
As NFT values soared into the stratosphere in 2021, the latest phase to emerge in the boom has been the emergence of NFTs tied to virtual games. This brings an entirely new dimension of utility and long-term viability for NFT projects as collectors remain active in the ongoing roadmap of projects. It’s poised to not only disrupt the infant industry of NFTs but to have wide-ranging implications for the gaming industry. “We think the GameFi buzz will last for a while, and that’s why we decided to release our own game.” says Huang.
As the space continues to evolve, many VCs are watching the gaming applications of NFTs and crypto as one of the hottest sectors for 2022.