WTF is Ethlas?

Ethlas is a platform for blockchain games. It has a rich library of in-house and third-party games that take advantage of its crypto platform. With Ethlas, players compete in different games to earn the in-game currency $GEMS, participating in tournaments. 

What’s the Ethlas Ecosystem?

Ethlas wants to be a truly interoperable metaverse that uses blockchain to bring mass consumer adoption of play-to-earn games. Ethlas will turn gaming from a hobby to a legitimate stream of income to power the new wave of the crypto gig economy. While other crypto gaming projects want to publish games, Ethlas wants to be the go-to gaming platform.

Here are the different participants in the Ethlas ecosystem:

• F2P players - they can earn crypto while playing Ethlas’ games to power the gig economy.
• P2E players - they can create revenue-generating streams by loaning their NFTs to other players and farm $GEMS. The profit would be shared between the players and the managers.
• Game studios - they benefit from their relationship with Ethlas - studios will focus on creating games while Ethlas will provide sustainability of its rewards platform. It will support the studios with a growing user base, so the project doesn't have to worry about marketing, governance and outreach.
• Corporations - they can be plugged into the ecosystem and reach new users using sponsored prize pools and partnerships.

What are the Play-to-Earn Mechanics of Ethas?

Ethlas positions itself as a play-first game. While most gaming projects are focusing on the play-to-earn features, Ethlas wants to be fun to play before making money. Most of the games of Ethlas are developed in-house, but Ethlas will be working with big game studios to deliver new games to their platform.

Ethlas has:

• A library of casual games that includes arcade, puzzle and progression-based games.
• A daily leaderboard, showing your ranking. You can earn $XGEMS for being at the top of the leaderboard.
• Tournaments where players have to put $XGEMS to participate, and the winners will earn the prize.
• Komo Royale - a PVP based game where you battle with other players. You own your in-game characters and customize them.
• A wheel of fortune that will allow you to receive free $XGEMS, energy and Komo eggs from daily spins.
• A prize pool that makes it easy to earn $XGEMS
• A marketplace that allows you to buy in-game items, purchase characters or upgrade your NFTs. You soon will be able to trade with other people.

What’s the goal of Ethlas?

The crypto gaming market still has a barrier to entry. You need a lot of money to start yield farming or play-to-earn games. One of the most popular games, Axie Infinity, requires a lot of money, around $1000, to get started.

There’s also a big knowledge gap - even most crypto investors don’t fully understand blockchain technology. Also, the user experience of most crypto apps is bad. There’s a complex setup - you need to configure different chains, use different wallets, remember seed phrases. 

This is where Ethlas comes in.

Ethlas allows everyone to play crypto games completely for free, so there aren’t any financial barriers. Users can start playing to earn immediately compared to wasting time in traditional games. Players will use their skills to win different rewards in competitions and tournaments.

The big innovation of Ethlas is sharing the upside with everyone. The team believes that the best ecosystems are the ones where everyone gets a share from the growth and its upside. That’s why the incentives in Ethlas are aligned. 

The counter stones of the Ethlas ecosystem are:

• The players that will play the games for fun and get part of the rewards. 
• Crypto natives that can participate in the Ethlas economy by yield farming, staking or just buying and holding the token.
• NFT artists and collectors. Ethlas works with some of the best artists in Southeast Asia to create NFTs with real in-game utility.

What’s the team behind Ethlas?

Ethlas is set up in Singapore, and it has offices all over the world - the US, Vietnam and of course, Singapore. Ethlas’s team is anonymous, they introduce themselves with different nicknames. Their experience lies in tech, having worked in big companies like Google, Microsoft, Facebook, Airbnb.

Here are the leading members of the Ethlas team:

• The smart contract guy: He has spent more than a decade in the top tech Silicon Valley companies. He has a PhD in Security and Cryptography. He is writing all the smart contract code to help Ethlas become the safest and most scalable Game-Fi metaverse.

• The data scientist: He specializes in data science, machine learning, behavioural sciences and AI. He has worked at Google, and he’s a big believer in using data to find the truth.

• He who games: This guy wanted to quit college to become a professional Dota 2 player. He didn’t because he chose software engineering. Now, he’s a passionate game develop. He built most of the game mechanics you see on Ethlas.

• The growth hacker: The believer in zero-to-one growth hacking strategies. His mission is to make sure Ethlas onboards the next billion users in crypto gaming.

What are Ethlas’ Partners?

Ethlas haven’t disclosed all of their investors and partners due to contract clauses. Most of them come from the broader tech scene. 

Here are a few of their investors:

• Genesis Fund - one of the largest NFT funds 
• Chris Sirise - partner at Saison Capital
• Spencer Yang - product at Coinbase
• Shaun Heng - VP at Coinmarketcap
• Shiyan Koh - managing partner at Hustle Fund

Ethlas has also partnered with the Polygon Foundation, Hustle and Bustle. 

What’s next for Ethlas?

Here are a few things from their roadmap:

• Enable Power Liquidity Pools and staking for the $ELS token.
• Add more chains that expand beyond Polygon.
• Create more Ethlas NFTs.

Wrapping Up

Ethlas is a promising project in the crypto gaming space. It has a good ecosystem, solid partners and investors. Their roadmap is ambitious and shows how committed the team is to their goal - to increase the adoption of crypto and blockchain games.