Nitro

About Nitro

{"time":1704988806000,"blocks":[{"data":{"level":6,"text":"Highlights"},"type":"header"},{"data":{"items":["Nitro League is a unique, mobile-first, play-to-earn racing game with cutting-edge gameplay mechanics and graphics","Built by a team with 500M app store downloads and crypto projects with economies worth $3B+","Nitro League has raised $5M from investors such as YGG Southeast Asia, Huobi Ventures, Woodstock, Morningstar Ventures, YGG Global, Axia8 Ventures, Yolo.io, Skyman Ventures, Double Peak, LD Capital, Calisto Capital, Infinity Ventures Crypto, NGC Ventures and Metagaming. The funding round was led by SL2 Capital."],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Product"},"type":"header"},{"type":"paragraph","data":{"text":"Nitro League is a decentralized play-to-earn racing game, bringing together great gameplay, token economies and the metaverse."}},{"type":"paragraph","data":{"text":"Players can collect Nitro League NFT cars, race with them online, and trade them on any NFT marketplace, or showcase them across the metaverse. Upgrade your NFT car with rare parts to increase market value, as well as increase your chances of winning more races. Custom designs, skins and more will become available with new partners coming on board!"}},{"type":"paragraph","data":{"text":"\u003cb\u003eTHE WORLD\u003c/b\u003e\r\nThe year is 3050. The world has evolved and progressed into a very optimistic future. The known universe in 3050 is ruled by “The Supreme Six”. These 6 nations are made up of clans who have managed to live in harmony for centuries with an understanding of each other’s differences. Any disputes that do arise are settled the old fashion way - racing in the Nitro Arena. Each nation is known for its unique racing skills and technology."}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/mar5oxx8in4m9wfxswy9jzcczki1","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/mar5oxx8in4m9wfxswy9jzcczki1"}}},{"type":"paragraph","data":{"text":"\u003cb\u003eHow Do I Race?\u003c/b\u003e\r\nThere can be any number of clans in each nation, registered by real-world Nitro Elders. To race in the Nitro League, players must join a clan. Players are rewarded a badge (rank system) by the clan, based on their Reputation Points (REP). Players can switch nations or clans at any time; however, switching nations or clans have consequences (like losing nation/clan-specific attribute bonuses and locations). When players win matches, they earn REP from the matches and lose it when they don't perform. If the player reaches a certain tier/rank and stops playing the game, there would be a decay in REP which would be demoting the player’s account to help other active players reach higher tiers."}},{"type":"paragraph","data":{"text":"Nitro League allows players to stake their NITRO to unlock reward multipliers, gain access to exclusive races and more. As you progress in the game, more features such as designing tracks, starting your own clan, recruiting your friends to join your clan become available. Nitro’s ‘blueprints’ are their breeding mechanism, where gamers can obtain the blueprints for a car and customize and design it. This deals with uncontrollable supply via unlimited breeding. Nitro is also metaverse linked, meaning that you can bring your Cryptopunk, Bored Ape or VFlect into Nitro League as your avatar or feature in your garage which is your gameplay and social hub.\r\n"}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/4i634t96c7frisg5km6ssvhgwoy6","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/4i634t96c7frisg5km6ssvhgwoy6"}}},{"data":{"level":6,"text":"Problem"},"type":"header"},{"data":{"level":1,"text":"Crypto gaming focuses on mechanics instead of design and experience"},"type":"header"},{"type":"paragraph","data":{"text":"Generally, in the crypto P2E space, the quality and gameplay value of games is reasonably rudimentary and based on simple mechanics with poor design and production. The focus is on the underlying mechanics, much as in the early days of video gaming. Nitro League is a world-class product designed natively for an entire range of low-cost to high-end mobile phones to accommodate gamers globally. All users can get an amazing experience from a leading gaming studio. In order to avoid delaying users to engage in the product, while simultaneously developing their Nitro Marketplace and focusing their energy on upgrading features and metaverse utility, the team are utilising the Terra Virtua 3D Marketplace to allow users to begin purchasing their NFTs for the game."}},{"type":"paragraph","data":{"text":"Other problems that Nitro League is solving:"}},{"data":{"items":["\u003cb\u003ePay To Win:\u003c/b\u003e In conventional games, rich players can simply buy items that let them make progress faster than poor players. This creates a very unpleasant gaming experience for veterans that are highly skilled but are designed to lose against richer players. The best sports tournaments ensure that the most skilled players around the world compete with each other, not the richest.","\u003cb\u003eImproper Balancing Of Characters:\u003c/b\u003e Most games release a large number of characters so the players can choose from a large pool of heroes. However, this usually leads to poor balancing between characters. Without proper balancing, the weaker characters will be valued lower and eventually leave no liquidity‌.","\u003cb\u003eBarrier To Entry For New Players:\u003c/b\u003e Most NFT games do not provide a player hierarchy or rank system that leaves the strong dominating the tournaments. New players have no chance to earn until they have spent enough time and money within the game to master the mechanics."],"style":"unordered"},"type":"list"},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/uimghhcpc09o4m6ydn51c48kdwyf","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/uimghhcpc09o4m6ydn51c48kdwyf"}}},{"data":{"level":6,"text":"Solution"},"type":"header"},{"data":{"level":1,"text":"Rewarding truly skilled players"},"type":"header"},{"type":"paragraph","data":{"text":"Nitro League is a platform providing NFT assets that the players can own in the real world. Unlike conventional gaming, where game assets do not hold any real-world value, Nitro assets can be traded freely on any marketplace outside of the game. Aside from NFT assets, players are awarded credits and Nitro tokens for performing well in friendly racing competitions using their NFT cars. Players spend a great deal of time and money acquiring their favorite assets - the beauty of NFT assets is that no matter what happens to the game developer, the player remains the rightful owner of the NFT assets."}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/mgob3igeaej9btiw5u4ln7qpekh3","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/mgob3igeaej9btiw5u4ln7qpekh3"}}},{"type":"paragraph","data":{"text":"Nitro League is a skill-based game with unlimited possibilities for expansion to provide endless entertainment to the gaming community. Nitro League presents an open-world metaverse with beautiful landscapes and structures as far as the eye can see. As the game community grows, players will be able to freely roam around in different cities and own more garages, tracks, factories, and land. Nitro’s vision is to leverage the true power of blockchain technology to make every aspect of the game decentralized, so the community holds all the power. Players will be able to create and host racing events and other activities and broadcast them online for a real-world like sporting experience with sponsors and advertisers."}},{"data":{"level":6,"text":"Business Model"},"type":"header"},{"data":{"level":1,"text":"Revenue through NFT sales, in-game fees and opening up the creator economy"},"type":"header"},{"type":"paragraph","data":{"text":"Nitro’s main revenue streams are sales of in-game NFTs, guild ownership revenues and other in-game revenue sources. They will also open up the creator economy and allow the community to create new assets, such as cars, tracks and other items. The raised funds will provide Nitro with a runway of roughly 18 months."}},{"data":{"level":6,"text":"Market"},"type":"header"},{"data":{"level":1,"text":"Main competitors include Revv Racing and F1 Delta Time"},"type":"header"},{"type":"paragraph","data":{"text":"The game is being designed into a permanent metaverse framework, utilizing a fully customized platform derived from Terra Virtua for the economy and initial metaverse spaces. This allows this entire side to scale faster than any competitor as the technology is already built. Nitro has a world-class studio building the game with a history of over 500M downloads on mobile and extensive experience in building games. David Atkinson of Holochain is providing the Layer 1 blockchain developers and has been building guild tools and play-to-earn technologies for 1 year, which are built into this game - including scholarship automation for Guilds. The combination of metaverse, marketplace, great blockchain, savvy development, innovative technology, great game design and experienced leaders in both crypto, gaming and on-boarding users to the digital space, has Nitro and the team behind them standing alone as leaders in this space."}},{"data":{"level":6,"text":"Investors"},"type":"header"},{"data":{"level":1,"text":"$5M raised from top VCs and Gaming Guilds"},"type":"header"},{"type":"paragraph","data":{"text":"Nitro League has raised $5M from investors such as YGG Southeast Asia, Huobi Ventures, Woodstock, Morningstar Ventures, YGG Global, Axia8 Ventures Yolo.io, Skyman Ventures, Double Peak, LD Capital, Calisto Capital, Infinity Ventures Crypto, NGC Ventures and Metagaming. The funding was led by SL2 Capital."}},{"type":"paragraph","data":{"text":"Nitro League is the first of many titles being released from Hotwire Studios, who are leading innovation in the mobile-first Gamefi infrastructure and easy on-ramp for guilds."}},{"data":{"level":6,"text":"Team"},"type":"header"},{"data":{"level":1,"text":"World-class team with years of experience in gaming and technology"},"type":"header"},{"data":{"items":["\u003cb\u003eZaynab Tucker (CEO)\u003c/b\u003e\r\nZaynab is a successful leader with 20+ years of experience working across the technology, media and financial sectors. She managed multi-million dollar projects for Fortune 500 companies, Mastercard, Visa, Emirates, Celcom, FNB, Vodafon to name a few, with a focus on onboarding users into the digital space.","\u003cb\u003eDavid Atkinson (CSO)\u003c/b\u003e\r\nDavid is renowned in the Blockchain space for his contributions to notable projects, forming their token economy and strategy. Notable projects that he has worked with include Holochain and Terra Virtua, both now on Binance.","\u003cb\u003eHaseeb Khan (CTO)\u003c/b\u003e\r\nHaseeb has been rated as one of the top technologists and chief software architects in the region. Having worked with the several start-ups as CTO as well as delivered large scale enterprise and consumer platforms. Delivering projects for companies including Yahoo!, AOL, Intuit, Groupon, ABB and WSJ to name a few.","\u003cb\u003eGasper Stih (Marketing Director)\u003c/b\u003e\r\nGasper is on a mission to build brands that make an impact. He brought two ICO startups to life and played one of the key roles in one of the biggest fund investing campaigns that Europe saw in recent years. He’s a gamer, sportsman, Crypto investor and loves cars (no surprise here).","\u003cb\u003eRizwan Siddiqui (Chief Creative Officer)\u003c/b\u003e\r\nFounding member of an award-winning gaming studio that has crossed 1m+ downloads/day. As a product designer and marketer, he has built digital products and campaigns for companies including NBC, Universal, P\u0026G, Barclays, Toyota and Manchester United.","\u003cb\u003eGlen Bullen (COO)\u003c/b\u003e\r\nA highly-effective senior leader delivering a wealth of expertise across all facets of the global iGaming and Digital Asset sectors. Delivering significant revenue and organisational growth via a strong relationship-build, operational, strategic, process-improvement and commercial focus.","\u003cb\u003eManuel Machado (CCO)\u003c/b\u003e\r\nManuel is a specialist in Digital Transformation and is a Global Blockchain Solutions Manager. He's also a Start-up Advisor and Investor, currently working mainly on NFT and Play-to-Earn projects. He's also interested in the convergence of Blockchain with other technologies, such as IoT or AI."],"style":"unordered"},"type":"list"},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/o60vnw9g10ha9kwc706fhr6krpoi","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/o60vnw9g10ha9kwc706fhr6krpoi"}}},{"data":{"level":6,"text":"Token Utility"},"type":"header"},{"data":{"level":1,"text":"$NITRO: Fueling the racing metaverse"},"type":"header"},{"type":"paragraph","data":{"text":"Players and teams progress through the game to increase their Reputation level (REP) by collecting supercars, winning races, forming a guild, and getting awesome rewards. In order to increase REP, players must perform well in races that require tokens for entry or complete activities in the garage (like upgrading cars, etc.) that require tokens."}},{"type":"paragraph","data":{"text":"The $NITRO token opens up a world of possibilities. Players can claim genesis cars, buy car upgrades (parts, decorations, boosters) or fuel for extra races as well as blueprints to claim factory-produced cars. NITRO also needs to be spent to create teams and clans and to claim rare garage NFTs (land and space). By staking $NITRO, users can acquire robots, purchase memberships, build clans and join DAOs."}},{"type":"paragraph","data":{"text":"Nitro League’s main focus is to provide players with opportunities to stake tokens, which increases demand for the token in the market. In order to progress faster in the game and earn better rewards (including NFTs, XP, REP, etc.), players can stake tokens to get a membership."}}],"version":"2.27.2"}