Blockpegnio is introducing yield farming to its open-world role playing game The Six Dragons. Owners of the The Six Dragons governance token will earn a percentage of all on-chain transactions in the game. Currently the role playing game is available on PC, but it’s coming to PlayStation 5 next year.
Yield farming is something that happens automatically for holders of the The Six Dragons governance token. Token holders earn passive income through a revenue share over all in-game transactions from trading and item creation.
Trading and crafting are important elements of this role playing game. Players need to acquire resources to be able to forge better gear, and then fight stronger monsters. There’s a tax on every transaction, and the governance system will automatically distribute all taxes in TSDT, a token tied to Enjin’s ENJ token. Swapping the earned TSDT, which also serves as an in-game currency, can be done in-game.
For Blockpegnio this is about giving power to the people and showing that decentralized governance makes a lot of sense. The governance token will also provide voting power for gameplay changes and development priorities. In addition it gives players a ‘governor’ status. At the same time Enjin is hyped about the prospect of seeing their tools used in a game on the PlayStation 5.
“BlockPegnio’s intended use of governance tokens for The Six Dragons is a mind blowing way to create play-to-earn opportunities on PlayStation 5,” said Simon Kertonegoro, Enjin VP of Developer Success. “The Six Dragons is one of the best looking games on blockchain, and it will soon become one of the most innovative games to ever launch on console. What a time to be alive.”
Currently there are multiple games on the market that have embraced concepts of decentralized finance or introduced a governance token. In Oktober My Crypto Heroes announced their governance token, while Axie Infinity’s AXS governance token is currently available for trading on Binance and Uniswap. MegaCryptoPolis is another game using such tokens, while for example art platform Rarible also jumped in this summer.
What is The Six Dragons?
The Six Dragons is an open-world role playing game, build using the Enjin blockchain. Because of this the game allows players ownership over every item they find, create or buy inside or outside the game. Adventurers can dive into an open world filled with randomly generated dungeons, or gamers can become a trader and sell their goods to other players.
Players get to discover 256km2 of open-world, full of surprises, one billion dungeons, and items to craft that they will truly own. Adventurers without arrows in their knee, get to participate in a player-owned, decentralized economy with real-world value.
To be able to create items and resources, players will need to own the recipe. As soon as players have the necessary materials, an item can be crafted. They can do this at crafting station. Here the game checks whether the players owns the needed assets. After the blockchain confirms the transaction, the player will receive a newly created item. This is all done in-game. In addition players can manage their items using the Enjin wallet on their phone.
Even though The Six Dragons is a singleplayer game, its economy is still online. This means that players can trade their acquired items on open marketplaces, and in addition enhance these items as well. As a matter of fact, players could potentially make it their virtual profession to enhance items and sell them back on the market. Play-to-earn mechanics are available inside The Six Dragons.