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Phala Network releases first use case for soulbound tokens with PhalaWorld

[PRESS RELEASE – Singapore, Singapore, 21st June 2022]

Phala Network today announced the official release of the first soulbound token use case for PhalaWorld, a metaverse gamification extension built on top of the Phala NetworkBlockchain based. The new “Play to Build” concept combines user behavior, characters, communities and sci-fi stories on the Phala blockchain, integrating strategy, development, MMORPG and other game types.

Within PhalaWorld, game character units use spirit NFTs Fat contracts to link in-game and off-chain identities to external social media platforms and services like Twitter, TikTok or Instagram. Spirit NFTs attributes are “soulbound” similar to World of Warcraft but with the added features that allow users to leverage decentralized Web3 services.

The platform divides in-game characters into four types and five careers according to the character’s contribution to the Phala community, and combines the Soulbond mode to split the tradable Shell NFT and Spirit NFT by introducing game modes such as strategy and RPG enrichments to the Participation mode and the entertainment of the community.

If a user successfully mints a Shell NFT, no matter the rarity, they won’t be able to see the shell’s final appearance right away, but will instead receive an initial creature that Origin is called shell. Each species has different types of Origin Shell. Spirit NFTs are free to purchase, but level depends on player actions and level-up through continuous contributions.

“At PhalaWorld, we have been looking for the best way to facilitate our community’s identity reputation. Soulbound tokens provide the perfect opportunity to make that a reality,” said Marvin Tong, co-founder of Phala Network.

To learn more about PhalaWorld, visit phala.world.

About Phala

Phala Network provides a global decentralized network of compute nodes that offer high-performance services without relying on any particular cloud service provider. Phala employees run their programs in “secure enclaves,” a privacy technology already embedded in modern processors that allows for versatile and confidential execution. Together, Phala creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.

Source: Crypto News Deutsch

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