My Neighbor Alice is a multiplayer farming game that allows players to build virtual homes, farms, shops, and more.
Its concept and narrative make the game suitable for blockchain enthusiasts and everyday gamers alike.
My Neighbor Alice has also integrated a Decentralized Autonomous Organization (DAO) model which allows players to take part in the game governance.
ALICE Token is the native cryptocurrency of this virtual game and can be used for payments and staking. ALICE token holders also have governance rights over the game.
In this article, you will learn about My Neighbor Alice, and its in-house cryptocurrency, ALICE Token.
My Neighbor Alice is a popular play-to-earn (P2E) game that is built on Chromia, a layer-one or layer-two blockchain that allows developers to build their decentralized applications (Dapps) easier and faster.
The Chromia blockchain allows the game to offer Decentralized Finance (DeFi) features. By using these features, users can lend and borrow on the platform. Players can also make a profit from trading their in-game assets.
Alongside the Chromia blockchain, My Neighbor Alice has leveraged the Unity development platform to build the front end of its game.
Additionally, the Alice Token, a fundamental part of the game economy, is an ERC-20 token on the Ethereum blockchain.
My Neighbor Alice has developed an entire gaming experience through which players can engage, interact, and associate with other players within the game.
The game also comes with a narrative. As a player, you can follow this narrative to complete different quests while progressing through the game.
My Neighbor Alice has tried to structure its ecosystem in a way that anyone without prior knowledge of blockchain or cryptocurrency is able to play the game.
The virtual world in this game consists of islands that are uniquely divided into different land plots.
These land plots come in the form of Non-fungible Tokens (NFTs), so players can trade or swap them, as well as customize their in-game property and land terrain, and decorate them however they like.
My Neighbor Alice has a similar gaming concept to Farmville and Animal Crossing, the well-known farming games.
By adding a crypto economy to its ecosystem, however, My Neighbor Alice aims to attract cryptocurrency holders, blockchain gamers, and DeFi enthusiasts alongside everyday gamers.
Announced in Q4 of 2020, My Neighbor Alice was created by Antler Interactive, a gaming studio that is popularly known for developing VR and mobile-based games like Krystopia, SVRVIVE, and Kartong.
In December 2019, Antler Interactive was acquired by Chromaway, the company behind the blockchain platform on which My Neighbor Alice is built.
In January 2021, My Neighbor Alice managed to raise $2.1 Million to launch the game and develop it further. In June of the same year, the game announced its partnership with The Sandbox, another popular play-to-earn blockchain game.
Through this partnership, some of the NFTs of My Neighbor Alice were made available on the Sanbox metaverse.
My Neighbor Alice is a blockchain game that supports multiple players on its platform.
Players are allowed to mingle, interact, and communicate with other players within the platform which enhances the overall gaming experience.
We can call it an open-world game, which means that gamers can explore the unlimited world of Alice while using their customized avatars.
As a player, you can buy a land plot from Alice directly or go to the game’s virtual marketplace.
The virtual marketplace allows players to buy, sell, and trade lands or other in-game items like their houses and plants.
You can then customize your land however you want using houses, animals, and plants.
The land supply that can be bought by players is quite limited and comes in the form of NFTs. This ensures that the value of the NFTs available in the game would remain stable.
The universe of Alice is called Lummelunda Archipelago and has 6 different islands:
You can also participate in quests or create and enjoy community-created events.
Another interesting aspect of the game is its integration with Steam, an online platform that allows users to access video games.
This feature ensures that non-crypto players on existing gaming platforms are also able to access the game.
Aside from the staking option or renting, which allows players to earn monthly passive income on their NFTs, players can also enjoy instant liquidity thanks to the collateral system.
When you buy an NFT, a portion of its price will be kept in a collateral pool.
Whenever you want to sell your NFT to the system (in other words, if you wish to destroy your NFT), you will receive the collateral or a percentage of it.
This mechanism ensures that there will always be some liquidity for the NFTs and also prevents the price of each NFT to fall below a specific threshold.
My Neighbor Alice utilizes a Decentralized Autonomous Organization (DAO) model which allows it to be run and maintained by its community of players.
Through Community Council, ALICE token holders will gain governance rights and can participate in the games’ decisions on operations and development through voting.
However, this right is optional and players can choose to be a member of the DAO or not.
ALICE is the native cryptocurrency of the platform with a total supply of 100 million.
Although My Neighbor Alice is built on the Chromia blockchain, its token ALICE is an ERC-20 token that was built on the Ethereum blockchain.
The Alice token has several use cases within the game. These use cases include:
players can purchase commodities like avatars, tools, land, outfits, and NFTs within the game. ALICE token is used in all the payments within the game.
Players can earn ALICE tokens by completing different tasks such as watering the plants, feeding the animals, mowing other players’ lawns, harvesting, etc.
These rewards will be saved in their Alice wallet and can be accessed at any time.
Players can also stake their ALICE tokens and earn rewards.
My Neighbor Alice allocates a percentage of its revenue from asset sales and fees to the staking pool which will then be distributed among the stakeholders.
One feature that makes this blockchain game more interesting is the fact that players are not just limited to playing and earning within the game, but they are also able to determine the operation of the game by using their voting rights.
This is possible through the Community council which determines the key features of the game.
In addition to offering my neighbor Alice (ALICE) for trading on various cryptocurrency exchanges, including DIFX, they also provide a comprehensive guide on how to buy ALICE for interested users. On DIFX, ALICE is available as an ALICE/USDT pair, enabling users to conveniently trade the cryptocurrency.
Sign up for a DIFX account today and start trading!