Coin Vs. Coin: NAKA/ATLAS
With web3 gaming in flux after 2022, companies like Nakamoto Games (NAKA) and Star Atlas (ATLAS) aim to stabilize the market. With brands that emphasize traditional gaming over the flair of cryptocurrencies, a NAKA/ATLAS comparison shows investors where the market may finally find a floor of resistance.
Nakamoto Games (NAKA)
Nakamoto Games is a decentralized gaming platform that allows users to create, play, and monetize games using cryptocurrencies. Named after the enigmatic creator of Bitcoin, Satoshi Nakamoto, the platform is designed to provide an immersive gaming experience by leveraging blockchain technology and smart contracts.
NAKA is the native cryptocurrency of the platform, an ERC-20 token built on Ethereum. The token is used for transactions within the Nakamoto Games ecosystem, such as buying and selling assets, participating in games, and receiving rewards.
The platform also features its own decentralized exchange (DEX), where users can trade NAKA and other cryptocurrencies. The DEX is powered by the platform’s protocol, allowing fast and secure trades without intermediaries.
Nakamoto Games and NAKA aim to create a new gaming paradigm by combining blockchain technology's decentralized, trustless nature with the engaging and immersive experience of traditional gaming. Currently, Nakamoto Games is focusing on mobile gaming in Q2 2023.
Star Atlas (ATLAS)
Star Atlas is a space-themed gaming metaverse that allows players to participate in gameplay experiences such as exploration, combat, and trade. The platform is built on the Solana blockchain, enabling fast and low-cost transactions. The Star Atlas DEX is powered by the Serum decentralized exchange protocol, allowing fast and secure trades without third parties.
ATLAS is the platform’s native cryptocurrency and is an SPL token built on the Solana blockchain. It can also be used to stake and earn rewards, vote in community proposals and initiatives, and provide liquidity in the platform’s DEX. ATLAS can be used for purchasing in-game assets such as weapons, equipment, and ships like the Ogrika Thripid.
Similarities
Utility token: NAKA and ATLAS are utility tokens with specific uses on their respective gaming platforms. They are used for purchasing in-game assets and participating in each platform’s DEX and broader ecosystems.
ERC-20/SPL Token: While NAKA is an ERC-20 token and ATLAS is an SPL token, both are compatible with respective blockchain wallets. This makes it easy for users to store, send, and receive NAKA and ATLAS through any wallet that supports either token.
Decentralized exchange: The platforms' respective DEXs are each powered by an independent protocol allowing for fast, secure, and trustless trades without intermediaries.
Gaming metaverse: Both platforms build a gaming metaverse where users can participate in battle royales, metaverse explorations, and asset trades.
Differences
Blockchain: NAKA is built on Ethereum, and ATLAS is built on Solana. The choice of blockchain affects the platforms’ speed, cost, and scalability of transactions. Together, these aspects make or break the overall gaming experience.
Game Genre: Nakamoto Games’ platform is focused on decentralized gaming across various genres like strategy, action, and adventure. Star Atlas is a space-themed metaverse focused on exploration, combat, and trade.
Tokenomics: The maximum supply of NAKA is 1 billion, while the maximum supply of ATLAS is 10 billion. The distribution of the tokens, the inflation rate, and the allocation of rewards also vary between the two platforms.
Governance: NAKA holders can participate in community-driven proposals and initiatives through voting. ATLAS holders can participate in on-chain governance decisions through staking.
Exchange Protocol: Nakamoto Games’ platform uses its own decentralized exchange protocol, while Star Atlas’ platform uses the Serum decentralized exchange protocol.
NAKA/ATLAS Comparison
Both Nakamoto Games and Star Atlas are creative projects highlighting the diversity and innovation possible in the web3 gaming ecosystem. They each offer unique approaches and features that cater to different gaming communities and preferences, which may be a better approach to marketing web3 gaming more broadly.