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Project Review: Planetarium Labs

I. Overview

Using decentralized technologies and content, community-driven Web3 game developer Planetarium Labs aims to create the entertainment of the future. It aspires to give massively multiplayer online games user control and creative freedom because it thinks that communities may create unlimited possibilities through decentralized innovations. A team of integrated blockchain developers, game publishers, and Web3 content creators work together at Planetarium Labs with the goal of forging strong connections between communities and technology. To launch a number of community-driven game initiatives this year, it is collaborating closely with important game studios from the APAC area.

II. Unique Selling Points

The mission of Planetarium Labs is to establish itself as a leader in open-source, decentralized blockchain games that run on player-powered networks. Built on Libplanet blockchain technology, the business is creating a gaming ecosystem that enables community participation in the creation of open-source content and gives gamers access to the game network.

  • $32M Series A Funding: A Series A fundraising round headed by Animoca Brands netted $32 million for Planetarium Labs. According to co-founder and CEO Kijun Seo, the funding will be utilized to support Planetarium Labs in expanding its network and equipping it with tools for player governance and gaming.
  • Libplanet Blockchain: Libplanet was a major factor that decided the success of Nine Chronicles, the first open-source online role-playing game to run entirely on its own blockchain. Nine Chronicles, which boasts a player base of more than 300,000, has gained the support of Animoca Brands, Binance Labs, Ubisoft, and The Sandbox.
  • Community-based Future Developments: Each game manages its own application-specific blockchain network and is free to build its governance and tailor its tokenomics, such as enabling Free-To-Play, as opposed to sharing a single network with other games. After that, the gaming community and players can manage a decentralized network that powers each game.

III. Summary

Stella Fantasy, a live-action collectible NFT role-playing game, is being developed by Planetarium Labs, according to co-founder and CEO Kijun Seo. This week, the game’s significant gameplay trailer was unveiled. In order to investigate community-governed MMORPGs, they recently entered into a cooperation with XL Games, which was formed by Jake Song, co-founder of Nexon and the man behind the renowned Lineage franchise. Additionally, he mentioned that Planetarium will disclose additional game projects through its partners later this quarter.

Disclaimers: Writers’ opinions are solely their own, and do not constitute any financial advice, investment advice, or trading advice. Barmy strongly recommends that you do your own research, and seek professional advice from a financial advisor where appropriate.

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