In the fiercely competitive gaming industry, Shrapnel has quickly emerged as a AAA tactical shooter. The project was created by a senior team that has won BAFTA and Emmy awards. With its excellent design and picture quality, it has won many awards such as "Most Anticipated Game" and "Best Graphics". Shrapnel runs on the Avalanche blockchain and utilizes the powerful Unreal 5 engine to provide top-notch graphics quality and promote the development of cutting-edge technology for gaming experiences.
The application of Shrapnel on the Avalanche subnet ensures that players can enjoy a zero-latency, Ethereum Virtual Machine (EVM)-compatible gaming experience, while opening a new chapter in in-game asset transactions. Seamlessly combining high-quality game content with blockchain technology makes Shrapnel a groundbreaking project in the gaming industry.
Tokeno mics
Shrapnel uses a single token economic model, and the token code is $SHRAP. The following is relevant information about the token:
Circulating supply: 240,900,741 (8.03%)
Total supply: 3,000,000,000
Market cap: $61,616,590
Fully diluted market capitalization: $760,826,485
Token issuance time (TGE): April 29, 2023
According to Shrapnel’s statement, approximately $46 million in SHRAP tokens are expected to be released monthly starting in November 2024. The distribution of tokens is as follows:
Community reward: 33%
Teams and consultants: 27%
Seed token holders: 20%
Ecosystem Fund: 8.5%
Strategic token holders: 7%
Market making and liquidity: 3%
Public offering: 1.5%
It is worth noting that 54% of the tokens are about to enter the unlocking period, and the team faces the challenge of attracting a large number of active users within a limited time. In particular, the tokens of seed token holders will all be unlocked after the 12-month cliff period, which will have an important impact on the market performance of the project.
Token function
The $SHRAP token has multiple functions within the Shrapnel ecosystem:
Content creation rights: Players can publish digital creative works, such as maps and skins, on the blockchain as non-fungible tokens (NFTs). The pieces may be sold, auctioned or retained.
Governance and promotion: Token holders can participate in content promotion decisions, and promoters will receive SHRAP tokens as rewards based on the popularity of the content.
Transaction medium: SHRAP tokens serve as transaction currencies in the Shrapnel market and are used to pay network validators to achieve a Gas-free transaction experience.
Financing history: Shrapnel’s financing history is as follows:
Seed round (November 2021): Raised $10.5 million, led by Polychain Capital.
Angel round financing (April 11, 2022): Raised US$7 million, led by Dragonfly Capital.
Series A financing (October 25, 2023): Raised US$20 million, led by Polychain Capital.
This shows Polychain Capital’s confidence in the Shrapnel project and further enhances its market potential.
2024 Development Roadmap and Highlights
Shrapnel has launched a number of exciting new features in its 2024 development plan:
Badge design: Players can design and own unique badges.
Cross-platform transfer of items: supports the transfer of chain items between different platforms.
Marketplace Enhancements: Provides new opportunities to buy, sell, and promote items.
Player personal profile: customized personal public image.
Increased SHRAP token rewards: Provide players with more opportunities to obtain SHRAP tokens.
In addition, Shrapnel also plans to provide Operators holders and Extraction Pack users with an exclusive game experience of the pre-Alpha version, as well as personalized skin customization and other functions to further enhance player participation and interactivity.
Industry competition analysis
The gaming industry covers many genres from cards to racing, and Shrapnel focuses on creating unique extractive gaming experiences. In comparison with other blockchain-based AAA first-person shooter games, Shrapnel demonstrates its uniqueness in innovation and market positioning.
| SHRAPNEL | Avalanche | Unreal Engine 5 | Single Token Economic System ($SHRAP) | Polychain Capital, Three Arrows Capital and more | | PROJECT QUANTUM | BNB Chain | Unreal Engine 5 | Single Token Economic System ($QBIT) | One Pixel Brush, Dragons Lake Entertainment | UNDEAD BLOCKS | UNDEAD BLOCKS | | Ethereum | Unity Engine | Dual Token Economic System | Animoca Brands, Genblock Capital, etc. |
The non-fungible token (NFT) products launched by the Shrapnel project cover a wide range of stakeholders, including players, content creators, viewers and investors. This not only enhances its market appeal but also broadens potential revenue channels.
in conclusion
Shrapnel has demonstrated strong market potential with its strong team background, innovative token economic model and unique gaming experience. With the launch of new features in 2024 and the continuous growth of the community, Shrapnel is expected to occupy a place in the highly competitive gaming market. Both players and investors deserve to pay attention to the future development of this project.