He had always had a vision of a world populated with characters who each had unique characteristics. You see, he had a story inside him that needed to be told, but he never had the right way to express it. But it was so big, how could he express all of it? He was going to need to bring in his buddies, share this dream with them, and build it together. Now with The Parallel, he could start from scratch and build his own MetaVerse exactly like he wanted it and with his friends they could create everything they ever dreamed about, together.
The article is the opinion of the authors Ronni K. Gothard Christiansen and Dan F Almon - members of the RADA community.
1. Project Introduction
The Parallel is an Infinite Metaverse where players have limitless ability to create everything and anything. A magical place that will grow infinitely as users can come together to build their dreams. There’s truly no limit to creativity - but make sure you get in there first in case someone else has been visited by the same muse, it would be a shame for your idea to be claimed first by someone else! Plus, own your unique NFTs and protect them with the groundbreaking Hydra system. It’s one of the most promising and highest potential Metaverse projects to come out of the booming Vietnam industry and pioneers the enjoy2earn model, an emerging area of #play2earn.
Come together in the first real connected Metaverse Experience where the user is not limited whatsoever by the world they are in, but instead have access to a limitless player-content-created parallel universe of worlds, each with their own unique storyline, community, governance, play modes, and socio-economic balance. Or build your own Metaverse piece-by-piece with your friends and polish your storyline as it manifests in the marvel that is The Parallel. Unlike any other open-world online, The Parallel gives you customization from the start as you create your own character in the foundation game. Right from the very onset, you get to have your say.
Exceeding the customizability of Minecraft, players can develop a completely unique Metaverse within the world they are playing in. The Parallel has a distinct and independent economic system, characters, buildings, lands, guilds, and social systems all the way through to the democratic voting systems which are enabled by DAO and blockchain. The amount of control given to players is mind-blowing as they design, create and define everything including the gaming environment and all content in their own MetaVerse.
The Parallel even allows creators to bring in outside creativity tools and aren’t limited to the in-house creative tools. Essentially, the players, as designers and creators, are driving each individual metaverse narrative. This has “Creator’s Dream” written all over it. With long-reaching and exciting plans for 2022 and even 2023 (make sure to check out the Unique Selling Points section), The Parallel has huge potential.
The Parallel also caters to those who just want to play and enjoy the experience in a true MetaVerse. Well, if we’re being honest, The Parallel caters to EVERYONE, but more on that later, there’s just so much to talk about with this game. Sure it’s a game, but it’s so much more than a game! There will be worlds that are initially created by a talented and experienced design community, so anyone who wants to jump in and start playing will also have their time in the sunlight, right from the “Big Bang of The Parallel Metaverse”! Plus, it’s actually possible to make your first NFT character available at sign-up for free however notice that you still need runes as you design and create your ParaGon and if you want to have it copyrighted and potential future earnings by having your designs licensed you still need to make the investment, but what an investment that can potentially be when millions of players could be using your designs in their daily gaming experience.
This project ventures into the Open World game genre which is defined by multiple sub-categories:
- Open World - Sandbox
- Open World - Crafting (Construction / Building / Mining)
- Open World - Survival
Within each sub-genre you find different play modes, whereas the traditional modes include either creative mode or God mode and players can either play on servers in PvP (Player vs Player) or PvE (Player vs. Environment) - two very distinctive ways to play that define the entire gaming experience.
One of the major problems of Open World games is that they truly are Open World and so, if they are in PvP mode, everything you mine, find, gather or build is at the mercy of all the other players in the world you are in. The Parallel fixes the problem of endless hours lost - you and your friends, your guild, or your alliance can take your belongings and move to another world, as all the worlds are connected in The Parallel, you will never again feel that burn in your gut as months of effort is lost in seconds.
Storyline fatigue is another very real problem in the gaming world where most games actually end up living out their time due to the lack of content development that can remain relevant for players through the changes in the world and the contextual desires and demands of a global marketplace. With The Parallel, jump to another world and explore as the mood takes you!
But why not explore outside of playing?
Once you’ve developed a taste for what you like, you could make your own, well, anything! And protected by the Hydra System, creators essentially own the copyright (find out more in the Product Review section). License your NFT creation and earn. Or if it doesn’t turn out quite how you envisioned it, Uncraft it and get back the Runes you used making it so you can use them in your next project.
And for the more investment-minded of our readers, The Parallel also has huge potential to pay off. As you might expect from the gameplay, there is Farming available to earn the governance PRL tokens into farming pools to make profits - more on that in the Product Review section. But in addition to this, with later plans of hosting entertainment options like professional sports or live concerts (Fortnite and the American rapper Travis Scott put on a virtual concert performance in 2020. He earned $20 million USD for it and the YouTube video has more than 173 million views)...the scope of this project is truly staggering!
The Parallel offers an endless universe of Parallel Worlds, each with its own storyline created by the players who are the inhabitants of the world. Creativity is a core value of The Parallel, and once the creatively-driven get the outlet they’ve been yearning for and start building, The Parallel changes from not just an Open World but to an Open Metaverse!
Truly, the possibilities are endless but what then takes this amazing project and puts it totally over the top is the PARAGON System: Let me say it simply:
This is amazing!
I hope you enjoy reading this project review. Personally, I have never seen a Metaverse project that is this interesting and with so much potential - so I will very much look forward to following this one, as an investor, a player and a scholarship manager.
2. Market Review
The Open World game genre is truly expansive and naturally can be broken down into 3 different sub-genres: Sandbox, Crafting, and Survival. These gaming s already have well-established blockbuster hits in the traditional gaming world. But while The Parallel may have similar features to all, it draws them together into something truly unique and game-changing as The Parallel truly becomes what a MetaVerse is supposed to be.
A key aspect of The Parallel is that of infinite Metaverses where designers, creators, and players are limited only by their imagination and creativity. Metaverse has exploded as a term globally across all Social Media Platforms, News, Media, etc. since October 2021 when Facebook decided to change its name to Meta Platforms (Meta), the concept has been around for decades and the world's first real global introduction to the mass market was in The Matrix movies, that are not considered classics in the movie industry. Avatar is another very famous example of a total MetaVerse experience but with a very different narrative, and here lies the beauty of what a true MetaVerse is - indefinite in its ability to help convey not just one but a myriad of different individual stories that are relevant and meaningful and have the power to connect people together in shared social experiences within the MetaVerse.
As of 2020, the global market size for the Metaverse was $47.69 billion USD and expected to have a compound annual growth of 43.3%. This boom has been spurred on by the COVID-19 pandemic with many countries going into lockdowns and social distancing rules in place. As a result, people have turned to the digital realm and Web 3.0. Meta’s recent push into this realm is joined by Microsoft, Roblox, and Epic developing their own varieties of Metaverse, this is a phenomenon that will continue to emerge in the mainstream in the coming months and years.
Open World - Sandbox
While Minecraft can certainly be an example of this game genre (where players can choose where and when they explore game elements as opposed to an on-the-rails game taking you through a storyline), Assassin’s Creed is also another popular franchise where players have the freedom to explore the realm. The most recent game, Assassin’s Creed Valhalla has earned $1.2 billion USD as of the first quarter of 2021.
Open World - Crafting (Construction / Building / Mining)
Roblox is also similar to The Parallel as it allows players to build entire worlds and games for other players. By the third quarter of 2021, Roblox revenues exceeded $500 million USD with a reported 102% increase year-over-year in revenue. With monthly active users increasing from 35 million to 150 million over three years, it has really boomed during the coronavirus pandemic period: 50 million users were added during this time. Similar to The Parallel, Roblox has multiple different worlds for players to enjoy and also has a tiered gaming set-up: you can join for free, but to access the really cool stuff that gets you ahead, you’ll need to chip in some of your personal funds.
Open World - Survival
Rust is a success story in the traditional gaming world - it earned $1 million USD in one day. A big part of this success stems from streamer/influencer collection, Offline TV, inviting many famous streamers to play at the same time. The point of Rust is to gather or steal materials in order to survive in the wilderness. The biggest threat? Not the bears and wolves (although they can certainly kill you), but the other players due to the multiplayer nature of the game.
Another huge hit in traditional gaming is Ark: Survival Evolved, where the threats can come from dinosaurs but also other players who may be hostile. Just like with The Parallel, players can collaborate to overcome challenges and it has PvE and PvP options. After just one month of its Steam early access release, Ark sold over 1 million copies and was one of the top 10 played games on Steam in 2020.
Traditional Gaming Limitations
One thing that Minecraft, Roblox, Rust, and Ark have in common is they charge players upfront to play (prices range from $20-40 USD for the alpha version on Steam), while The Parallel offers players the chance of #free2play and #play2earn. And the kicker? Early adopters played half-finished versions of these games for years.
This may have some readers scratching their heads. Why would players continue playing these games when they’re not fully finished or developed? The key is that each allows for user-created content ranging from items to entire worlds. This level of personalization is what makes users keep coming back for more - and they’re the real foundation for Metaverses. They give players the total storyline experience: play someone else’s unique game, or follow your vision and make your own.
Gamefi & Enjoy2Earn
Many will point to another game that could be compared to The Parallel that is also in development for blockchain-based gaming is the Sandbox. And there are definitely parallels to The Parallel.
- Players craft their own items
- Mint NFTs
- Monetize them in the Sandbox marketplace
- The SAND token is the governance token which can be used to stake for rewards, as does the Parallel Token (see more in the Product Review and Tokenomics sections).
The Parallel keeps all of these undeniably awesome features, but there are critical differences that are worth highlighting. Firstly, Sandbox does not allow you to have as much creative control:
- There’s no cross-chain (this allows users to seamlessly interact with other blockchains, as well as imposes very high gas costs on the player)
- It doesn’t allow game developers to use other tools (but forces the game dev kit on the developers)
- It doesn’t give you NFT copyright as through the Hydra System
The Parallel team wants to give you what you want so when you design and create with the Hydra System, you as the designer and creator essentially own the digital copyright of Your creation. License your creations for future earnings - and remember if your pickaxe is the most popular, you’re earning every time a player uses your design, as in no other game or #gamefi title on the market...
Sandbox is also limited to PC users only, while The Parallel is already planned to be mobile friendly and multi-platform and if you combine that much more mature broad mass-market entry as well as the next generation NFT copyright, #design2earn, and #create2earn its clear to see why The Parallel has such a big attraction potential for both designer, creators and players compared to Sandbox.
There are already plans for AR and VR and it's not just in the whitepaper and on the roadmap, the concrete development is in full progress and it will be very exciting to follow The Parallel with the wide array of options they will offer for players to interface with at all levels and interaction points of the MetaVerse.
While there are similarities with already existing, or in development games, like Axie Infinity and Sandbox, The Parallel has special features which set it apart
3. Product Review
The Parallel is a virtual-world universe with a real-world simulation game system where players can fully create materials in the world and participate in monetization, entertainment, and networking activities.
In the Infinite Metaverse of The Parallel, players have unlimited capability to explore their creative side while connecting together in a magical world.
The Parallel is not just a game. The Parallel is a vast world, a culture, a society, an endless landscape with endless possibilities. Not only will players have the opportunity to collect assets (NFTs) and make money simply by playing, but players will be given a Metaverse with no limitations, no restrictions and no guidelines. The Parallel is shifting the creative element into the hands of the communities. Their ingenuity will be the driving force of the ecosystem. Their creativity will result in the formation of digital worlds that surpass expectations and exceed imagination. In The Parallel, players are the creators and the game is their canvas.
Welcome to The Parallel - An Infinite Metaverse.
User-Generated Content (Creative)
The Parallel is a world where players can truly be themselves. With the unlimited creative power of imagination, players are the designers of their own world and can collaborate with others to build an unbounded universe.
The Parallel will construct a platform where players can play, create, collect, trade and earn cryptocurrency (Parallel - PRL Token) without going through any central control system.
Hydra System (Copyright Ownership)
Players' creations will be protected by secure copyright ownership via the Hydra System, a technology that outperforms current copyright protections. This technology uses AI for identity scanning to ensure that each NFT generated is unique - with NO two NFTs sharing MORE THAN 85% similarity traits. This means that players can take ultimate ownership of their unique creation and generate income from licensing or leasing the NFT itself without the concern of plagiarism.
Entertainment & Connection
Creativity, entertainment, and connection are core principles that are intertwined in The Parallel. For example, let’s imagine you want to create a live musical event in The Parallel. You craft a stage specifically designated to your own and personality, invite recognized singers, create competitions, and show off creative masterpieces. You enjoy the vibrant atmosphere with thousands of players in The Parallel via virtual reality technology. There are no limitations! The future will be filled with endless social possibilities.
Enjoy To Earn
We’ve all heard of Free To Play (free2play) or Play To Earn (play2earn), that’s old news. However, The Parallel is different. They are focused on leading the ENJOY to PLAY movement. They are creating a world that is strategically designed to give full autonomy to each and every player. They want players to make money doing what they love, not what the company loves. Do players want to be Adventurer? Artist? Architect? Sculptor? Prospector? Warrior? Singer? The Parallel wants players to do whatever makes them happy while earning real money, in the form of $PRL cryptocurrency and/or valuable NFTs. Everyone can ENJOY to EARN in the boundless world of The Parallel.
Purpose and Target Users of the Parallel
Playing, entertainment, and monetization capacities? Unlike other games where players have to compete with others, The Parallel's core appeal is based on connections between users. The game aims to create immersive experiences for different players of different castes regardless of age, gender, profession, and social class. Everyone can participate in world-building, entertaining, connecting, and managing their own assets in an economy of the future, and can easily swap between assets in The Parallel and real life.
Ultimately the goal will be to see this infinite canvas of The Parallel develop into a vast and diverse collection of explorable masterpieces that encompasses the immense ingenuity of the global gaming community. The Parallel aims to create such an overwhelmingly appealing and rewarding “Enjoy2Earn” universe that will ultimately cultivate the world's largest gaming community of crypto-enthusiasts and NON-crypto-enthusiasts alike.
Foundation Game Mechanics
- Custom Paragons (NFT)
- These are player-created characters. Each Paragon has its own unique feature which expresses the distinct personality of the player.
- Each Paragon NFT is unique and can be rented, bought, or sold.
- A Paragon's strength is based on the rarity and stats of the Runes which construct it.
- CRAFT: Players will use Runes to form Paragons. The power of the Paragons will depend on the rarity and strength of the Runes during the crafting process. Crafting is Random Number Generated. Using identical Runes and materials will not always yield the same results.
- UNCRAFT: Uncraft helps the player get back Rune materials in the event of creating undesirable Paragons. Based on different gaming purposes, players can craft to create a more suitable character. However, when "uncrafting", the player will lose some of the Rune materials used for crafting earlier.
Each unique Paragon expresses a distinct personality because of its individual features. They can be crafted with Runes, but also uncrafted to get some of the Runes back.
Trading and transaction activities of NFTs and items in The Parallel universe will take place at Marketplace. This virtual market is where players can buy and sell their normal items. Besides, the Marketplace will operate based on auctions. The rare items are put up with the starting price and the time of the auction. After each auction time, the person with the highest bid will win and buy the item.
Modes & Devices
In standard mode (without VR/AR), The Parallel offers a full range of features and activities for the character. This allows players to participate without depending on accessories (such as VR glasses). In the early stages of game development, players will be able to play both on desktop and mobile to experience in-game activities.
In the medium term, the game will also be available on Console platforms with AR/VR. Compatibility mode, AR and VR compatibility capacities are aimed to be available in Q3 2022.
The play2earn business model is the latest development in the gaming industry. It’s a business model that embraces the concept of an open economy and provides financial benefits to all players who add value by contributing to the game ecosystem.
Giving players full ownership of assets and empowering them to add value by actively playing the game is the core of the “enjoy2earn” business model. By participating in the economy, players are creating value for other players and game developers. In return, they are rewarded with in-game assets. These digital assets can be anything ranging from cryptocurrencies to in-game resources encoded on the Blockchain.
The Parallel aims to strike a balance between entertainment and monetization capacities. Bringing players into a fun and creative environment - the main experience, while providing a source of revenue for all players.
How To Earn In The Parallel
By joining The Parallel, players can benefit in the following ways:
Play2Earn (As a Player)
- Players do operations to earn Runes and items. Players do daily and weekly quests to get rewards. Players can earn money by working as tenants on land owned by landlords.
Create2Earn (As a Creator)
- Players can create Paragons, land, and high-value items to get rewards from special activities.
- Players can profit from Paragon's creative copyrights.
- Players can rent out Paragons and/or rent out land for profit.
- Players use added PRL Tokens into farming pools to make profits.
Players can use stake PRL or NFT Paragon to:
- Earn Main Token -
- Earn lottery tickets to participate in lucky draw events to buy lands.
- Used cases will be updated in the future.
- Players buy, sell, and trade through the Marketplace to earn profit.
Monetization Diagram Of Players
- The Parallel leverages a complex, well-structured monetization program. Players can use BUSD and Farming to get PRL tokens and these can help perform a variety of actions.
4. Unique Selling Points
The Parallel has a lot of intriguing ground-breaking aspects such as True Metaverse features and an emphasis on connecting players to succeed together - but also while having fun!
A True Metaverse
There are plans to incorporate Augmented Reality (AR, which enhances the real physical world by using digital visual aspects, sound, or other ways of stimulating the senses as delivered through technology) and virtual reality (VR, an experience that is simulated so it is similar to or utterly different from the regular world) in the third quarter of 2022. The Parallel will immerse players in virtual worlds with tremendous social and financial prospects. By using blockchain infrastructure to access the broader crypto economy, virtual items become exchangeable for real economic value outside the limits of the Metaverse. Players can construct infrastructures like casinos, clubs, and even conference spaces in the virtual world plus make money from them simultaneously. Using cryptocurrencies in The Parallel, players can rent conference rooms, host parties, and even go to work. Plus, it has the enjoyable playability of video games, social media’s networked interactivity, and crypto’s value exchange; The Parallel is positioned to be a key part of the future of blockchain games on the internet.
The Parallel is not limited to only being a game. The ultimate aim of The Parallel is to grow into a diversified entertainment, social and creative venue, setting up for unlimited gaming possibilities. While The Parallel begins with a few straightforward game mechanics, it will evolve. Games within the games will develop which can continue without stopping as the Parallel evolves infinitely.
In addition, while the first worlds are created by a talented and experienced design community, later community-driven content will be created by players. As a bonus, this feature automatically takes care of any storyline fatigue that comes from a lack of content development as the players evolve in what they want.
Unlike other projects that are just play2earn, The Parallel makes all experiences enjoyable and potentially profitable. With The Parallel, playing is no longer the only way to enjoy; being creative, being entertained, and everything else The Parallel has to offer brings more enjoyment through this range of experiences and the chance to earn.
The Parallel is a game where imagination reigns supreme. Players are the creators. They can craft, uncraft, destroy and create just about anything. The main appeal of Parallel is to connect users together regardless of their backgrounds. Come together with your friend to build and solve the problems that can only come from a challenge of Infinite Metaverses.
Thanks to the Hydra System (which performs better than copyright protections), no 2 NFTs can share more than 85% similarity traits. True ownership is in the hands of the players who can lease the Paragons and Land without the worry of plagiarism. As noted in the Product Review section, Paragon can be rented out to other players, or land rented out for profit. On top of that, players can earn money by working as tenants on land owned by landlords. There’s no limit to what can be done, players could even collaborate to put on a musical performance with famous singers.
The collaborative nature of The Parallel means that players aren’t focused on competing with each other. Instead, the goal is to connect everyone to help build worlds together.
In an open world, the PvP mode results in a new way of earning: by killing other players and stealing what they have. While it’s not recommended in real life, it’s certainly an option in The Parallel!
With The Parallel, creativity is a core value with tools to support and protect creativity. In The Parallel, players are creators and become the TRUE owners of their digital creations. These creative assets will be the spirit and driving force of The Parallel. Every game item designed by gamers can be tokenized, allowing them to be traded, gifted, sold, or staked.
There is no limit to what players can build, develop and profit from. What role do you want to play? Just here to game? There’s a place in The Parallel for you. Want to trade on the NFT Marketplace? Farm? Invest? Be your own game studio and create new games? Or provide entertainment for others with a big-ticket performer? All of these are open to you in The Parallel.
The Hydra system is an NFT copyright protection technology. In The Parallel, every unique NFT can be protected by Hydra and will provide true ownership to each and every Gamer perpetually.
Players can partake in mining, logging, fishing, prospecting, gathering, and crafting. Explore beautiful and mysterious landscapes. Discover priceless resources and treasures. A beautiful and bountiful world awaits.
The Parallel brings together more than 10 of the world’s leading Crypto/Finance Newspapers, more than 50 influencers to promote it, over 20 crypto Key Opinion Leaders (KOLs) and reaches more than 200,000,000 people through 300 crypto social groups in 6 countries: Indonesia, Brazil, Philippines, India, Thailand, and Vietnam.
The Parallel also has a network of YouTube channels with more than 10 million Minecraft subscribers who will most naturally be very interested in learning about what many in that customer segment will surely think is the ultimate evolution of minecraft.5. Tokenomics
There are two tokens in The Parallel: the Parallel Token (the Governance Token and shortened to PRL) and the Power Stone Token (the Utility Token and reduced to PS), which are used for different purposes. They can be earned through playing games, farming, staking PRL, staking NFTs, and trading.
Both of the tokens are BEP-20 Binance Smart Chain token standard.
Limited to a total supply of 1,000,000,000 tokens, the PRL is the main token of The Parallel. The PRL Token plays a crucial part in the sustainable play2earn economy of The Parallel game and can be used for:
- Transaction fees, Marketplace payments
- Rewards for participating in special events
- Crafting Paragons, buying items and lands
- Providing liquidity on exchanges
Called the PS, there is an unlimited supply of this token and is used in-game activities. The PS can be used by players for:
- In-game activity rewards
- Crafting/uncrafting NFTs
- Minting Paragon NFTs, Land, Items
With two different tokens, The Parallel lets players channel their creativity. Do you want to mint a new Paragon NFT? Buy lands? These tokens are vital.
Earn and Burn
In order to sustainably develop the economic system, the revenue will be redistributed as an incentive for active contributors in The Parallel ecosystem.
All players must participate in-game activities to receive rewards.
Once a decentralized governance board is established, the parameters and conditions for allocation to the different groups will be determined by the governing board and no centralized party can unilaterally control those aspects.
The Parallel's treasury revenue:
All transactions in the Paragon NFT market are subject to fees such as:
- an NFT copyright registration fee
- $PRL art of the ecosystem fee
- Selling land and in-game consumables fee
In addition, there will be a fee when players want to craft NFT Paragons and Items.
Players have multiple options for earning tokens. When playing a casual game, you can earn PS tokens and Runes materials. Farming can get you PRL tokens, while staking PRL can earn PS tokens and Runes materials. Staking an NFT will earn you PRL tokens. There are also different options for trading:
- on exchanges for tokens
- in the Marketplace for NFTs, Runes, and Lands.
The PRL token is burned when crafting NFTs. Runes can also be used to craft NFTs, but also to uncraft NFTs - although you should know that there will be some loss of Runes from that process. The PS token is burned when buying consumable items and also crafting NFTs.
If you want to craft NFTs, you’re going to need tokens and Runes. Earn them from playing games, farming, staking PRLs and NFTs, and trading
DeFi and Game
Decentralized Finance (DeFi) is finance in a blockchain-based form but does not need brokerages, exchanges, or banks from central financial intermediaries with traditional financial instruments, instead leveraging smart contracts on blockchains, typically from Ethereum. In The Parallel, DeFi takes the forms of staking, farming, and trading.
The game itself fosters an ecosystem of sharing, creating NFTs, and earning rewards.
Will you stake an NFT or land? Trade in the Marketplace? How will you harness your creativity when creating an NFT?
As previously mentioned in this Tokenomics section, players can farm, stake PRl and NFT, and trade on exchanges and in the Marketplace.
To dig a little deeper, players can deposit liquidity provider tokens (LP tokens) so they can earn PRL in a Farm pool.
With staking, players can stake their PRL tokens to get PS tokens and Runes/Materials so they can get further ahead in the game. They can also stake their NFTs to earn PRL tokens - and then maybe stake those tokens!
Trading can happen in two places: on Exchanges to earn a profit, or in the Marketplace you can trade NFTs.
The Parallel uses a cycle to propel the economy. For example, the player can earn PRL and PS tokens from staking and farming rewards. These tokens are then burned for enhancement or fusion, or as a fee for crafting NFTs (although players uncraft an NFT to get some of their Runes back as mentioned in the Product Review section). The Paragon Para-Art Character Tool can be utilized to craft NFTs, but on the Marketplace, or for enhancement/fusion before coming back to you, the player.
By playing the game, you can earn MiniGame Rewards or sell your creative design to others. There are different fees you’ll need to take care of, such as the governance fee, creation of Paragon / ParaArt fees, or buying Tools. Gain more tokens and Runes from uncrafting NFTs, selling them in the Marketplace, or renting out Land.
The Circle of Life: economic life, at least! Every action and purchase is connected in the Parallel, feeding back on themselves to propel the economy forward.
The 1,000,000,000 PRL tokens will be released in different stages with some available to Strategic Partners in advance, and for sale in private and public rounds. The total of PRL will be allocated into the following categories: Ecosystem growth, game rewards, advisors, team, liquidity, and marketing. The team behind The Parallel has ear-marked token issuance to continue for years into the future.
The Parallel’s Tokenomics are distributed in many different segments, including partners, advisors, public and private sales, and in-game rewards, to name a few.
Show me the money: With well-laid plans extending years into the future, the PRL token is a crucial governance token for The Parallel
While The Parallel is relatively recent in development (a fourth-quarter start in 2021), there is a clear plan for development reaching across all of 2022. In 2021, there is a token generation event, and to launch the landing page and earning feature. The foundation game to craft Paragons will get started and allow for submission to Paragon designs. Features to look forward to in 2022 include the launching of the Marketplace and the mining game which will later be extended into a new casual mining game. Also, keep an eye out for the Land sale in the second quarter of 2022.
In the third quarter, there are plans to expand to AR and VR and integrate with game developers and entertainment companies. Remember those virtual concerts and sports events we talked about in the Introduction? That’s the time frame they’re planning for those kinds of projects to start...
More information about The Parallel can be found on their website, Telegram channels and groups, Twitter, Facebook, Discord, YouTube, Medium, and their white paper. Links can be found below. As can be seen in the Roadmap section, The Parallel is a relatively new development so some sections of the website will be added later at the time of writing.
8. Partners & Investors
As noted in the Roadmap section above, The Parallel is still a new project and will no doubt be gathering more partners and investors in the near future as its ground-breaking potential becomes known. At the time of writing, there are five partners including Kyber Network, RADA, COINCU, UB Ventures and Box Studio.
Kyber Network is a liquidity hub based on blockchain which connects different sources of liquidity to let trade crypto at the most competitive rates for any DApp (decentralized application).
A famous Angellist with global contributors, RADA connects:
- Tech startups that need angel investors.
- Seed funding.
- Job-seekers looking to work at startups.
RADA will be a launchpad (titled LaunchVerse) in mid-November. The beginning stages of many blockchain projects in multiple countries have already been invested in by RADA including projects in Vietnam, India, Ukraine, Pakistan, etc.
Updated 24/7, COINCU is the world’s foremost website for news and investment knowledge on Cryptocurrencies. Helping you track the prices and market capitalization of digital coins and blockchain tokens in real-time with their financial data system.
Mr Santiago R Santos, an expert in the field, Mr. Hung Dinh and Mr. Steven Nguyen, founders of RADA and COINCU, all lend their considerable technical expertise in tech start-ups to The Parallel
Parallel’s team is an international powerhouse with many members having over a decade of experience in the business. Pulling together experts in Blockchain and Fintech, Marketing and Gaming, VR/AR, Development, and Marketing, The Parallel has a core team that already have a track record of success.
Playing games is fundamentally a social activity at its best, which is also proven by the fact that the biggest and best AAA titles in the gaming industry all are based on the social dimension of playing together.
Metaverses truly offer that full finalization of the potential of playing together, interacting socially across wasted distances, countries, cultures, languages, and every other thinkable barrier. With Facebook’s recent name change to Meta and other prominent companies developing Metaverse versions - combined with the world naturally turning to online options due to the global pandemic - the Metaverse is set to explode across realities in the coming months. The Parallel’s release is timed perfectly to really take off, plus the plans for AR and VR in 2022 show the long-range plans are in place.
Up to 1 billion people on the planet have already played Minecraft or one of the other leading Open World sub-genres such as Assassin’s Creed, Rust, and Ark. Key features of these games are that they:
- Allow for sandbox roaming as players please through varied landscapes.
- Have social connections built in whether it’s through collaboration or lethal competition?
- Allow players to customize their items and the world as they want (even if the games are still under development when released).
If The Parallel can onboard these traditional gamers to what can only be described as the ultimate Minecraft Metaverse that resolves all the problems and bad experiences that any Minecraft player has ever had - AND - if that wasn't enough you can even create your own characters, farm, invest, even provide entertainment, in this amazing and total Metaverse #gamefi global contender.
It’s the #enjoy2earn, #play2earn, #create2earn, #play2gether, #earn2gether, etc., the multitude of options, mechanisms, and dimensions combined by not just one narrative but an endless amount of narratives (fully created and governed entirely by the players through the DAO structure) that makes The Parallel push the boundaries in #gamefi towards real user inclusion and real #gamefi governance.
Disclaimer: Information is gathered through research from the project's official Whitepaper and other official sources. The content in this article is the author's personal views for informational purposes only and should not be considered investment or financial advice. RADA and the author are not financial advisors and will not bear any responsibility in connection to any potential investments.