Alice Coin

Farming plays a huge role in the gaming industry, whether it's Animal Crossing, Stardew Valley, or Harvest Moon. My Neighbor Alice is incorporating encryption to bring the genre into the Web 3.0 era. As the team prepares to launch an alpha version of the game, ALICE tokens can be used for another breakthrough, and forecasters are optimistic.

What is My Neighbor Alice?

My Neighbor Alice, or more commonly known as ALICE, is a farming-themed money-making game based on Chromia. In other words, My Neighbor Alice is a popular blockchain-based multiplayer game that allegedly allows players on the platform to build virtual farms, houses, and more.

Additionally, the game is known for how easily online players can collect and build cool new items, purchase and own virtual islands, all while making friends along the way. Likewise, as we all know, every player on the platform has an avatar that represents them in the game, which is also customizable, meaning they can change their avatar at any time.

Notably, My Neighbor Alice was founded by Antler Interactive, a Swedish interactive mobile game studio formerly known as SVRVIVE Studios that launched on Stream in January of this year. The first playable test was conducted on August 31 last year.

What is ALICE Coin?

ALICE is the native utility token of My Neighbor Alice, and it can actually be used for many purposes on the platform itself. For example, ALICE allows token holders to use the token newspaper to play, trade, and participate in the game. In addition, users can also use ALICE coins to acquire various in-game assets, and can also obtain tokens through contributions to certain in-game activities.

If that’s not enough, token holders are also known to be contributors to decentralized governance, where they make some decisions regarding game usage, growth, revenue, and game development. Basically, the above-mentioned platform focuses on introducing blockchain technology to millions of players around the world and is known for having a fairly diverse player community in the traditional gaming market. Note that although the game is based on popular blockchain technology and is known to integrate features of decentralized finance (DeFi), it is said to not require any prior knowledge about blockchain or even the cryptocurrency world.

How Does My Neighbor Alice Work?

Avatar

When users create an account, they choose an avatar to represent themselves. Avatars can interact with each other in the game and can be modified over time by installing new NFT content. 

Gameplay

The variety of game content expands your imagination. Non-fungible tokens (NFTs) are represented as digital assets ranging from cosmetics and accessories to avatars to combines, houses, horses and vegetables. Anyone can create in-game assets that can be deployed into the game. Additionally, users can purchase in-game NFTs through the marketplace.

Virtual Land

Virtual plots in the game can be obtained through "Alice" or the market. Each parcel of land is represented on the blockchain as a non-fungible token (NFT) with a limited supply. Additionally, users can rent their land to other users and potentially generate passive income through decentralized game financing.

Island

Islands are lands with non-fungible tokens (NFTs) that have been censored or decorated with additional in-game assets. Users can select and adjust the island's terrain and build their own infrastructure and decorations on the island.

NFT Market

Another advantage of My Neighbor Alice is its interoperability with other NFT marketplaces. My Neighbor Alice has its own in-game marketplace for in-game NFT assets, such as those already mentioned. Additionally, in-game assets can also be sold in other decentralized marketplaces on other blockchains. This is to increase the liquidity of the asset while incentivizing and encouraging others to join the game. 

Uses of ALICE Coin

My Neighbor Alice is a free game for everyone to play. However, depending on how far into the game you want to get, you will most likely need to purchase some ALICE coins to purchase in-game content. Additionally, the ALICE token is the only cryptocurrency currently used in the My Neighbor Alice market.

Players can stake their ALICE coins in-game to gain rewards and admin access. This means players can make suggestions or vote on updates to the protocol. Fixed rewards also include exclusive game content and digital asset rewards. Depending on the amount bet on ALICE and the time period set, players can unlock special features, such as being able to open a shop or gain access to a limited selection of missions. Additionally, the play-to-earn mode means players can earn ALICE tokens by participating in tournaments, completing missions, and in-game tasks.

The ALICE token represents the ERC-20 and BEP-20 token standard, allowing a high degree of flexibility and interoperability between some of the largest blockchains. The ALICE token hit an all-time high of $40.93 shortly after its launch on March 15, 2021, according to CoinGecko.