RaW Pass, a new non-fungible token (NFT) collection linked to the upcoming Web3 game Wallet Wars, sold out within 5 minutes after its first mint on Wednesday, blockchain infrastructure developer Balthazar DAO announced.
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- RaW Pass is a collection of 5,555 NFTs which debuted with a 0.025 Ether (around US$40) mint price. Of this total, 555 have been reserved for the game’s treasury.
- The assets are tied to Wallet Wars, a Space Invaders-inspired NFT game created by Animoca Brands-backed Balthazar DAO, and give users access to rewards and governance rights.
- Blockchain technology can unlock a new game economic layer, including transferring and owning in-game items. However, developers in the blockchain gaming sector still face the challenge of discovering a model that retains player engagement.
- Wallet Wars’ first season is scheduled to start at the end of October. Balthazar DAO said it is targeting a US$500,000 prize pool for players to vie for.
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(Updates to correct U.S. dollar value of the NFTs and edits Balthazar’s prize target.)