Web3 game asset trading is being restructured, @OvertakeWorld is one of the most noteworthy projects in this direction.
Founded by a team from traditional game trading giants, the goal is to create an on-chain version of Steam + Taobao. Below is the complete analysis:
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1/ Background and Team
@OvertakeWorld was established by the core team of trading platforms such as ItemBay, PlayerAuctions, and ItemMania, with past transaction volumes exceeding 1 billion USD, serving over 30 million users.
They are not an experimental startup team, but rather bring a mature model to the blockchain.
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2/ Technical Architecture
– Based on @SuiNetwork, supporting high-speed, low-cost, and parallel processing
– Multi-signature escrow contracts ensure the security of P2P transactions
– Integrated Immutable Passport for one-click login + automatic wallet generation
– Future support for fiat currency entry and exit, allowing Web2 users to access without barriers
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3/ POP + AP Incentive Mechanism
– Players can earn POP (non-transferable SBT medals) and AP (achievement points) by completing tasks
– AP determines the amount of $OVT airdrop received in the future
– Not relying on rankings or early exploitation, but emphasizing genuine participation and long-term value
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4/ Game Ecosystem Construction
@OvertakeWorld is not a shell platform and has launched three blockchain games:
– Somnis: Rumble Rush
– Golden Guardians
– The Red One: Occultation
Somnis has a closed beta retention rate exceeding 83%, far higher than the average level in GameFi.
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5/ Strategic Cooperation Network
– Immutable strategic investment and technical integration
– Forming ecological synergy with OKX Wallet, CARV, Portal, etc.
– Infrastructure construction based on Sui, with official introductions to its technical model
– Established a closed-loop cooperation relationship with traditional market PlayerAuctions
—
6/ Token Economy and Roadmap
– The native token $OVT has not been publicly issued yet
– Tokens will be used for transaction fees, item synthesis, platform governance, and staking rewards
– Airdrops are strictly tied to POP and AP scores, with a relatively healthy mechanism
– The token whitepaper will be officially released in Q4 2024
—
Founded by a team from traditional game trading giants, the goal is to create an on-chain version of Steam + Taobao. Below is the complete analysis:
—
1/ Background and Team
@OvertakeWorld was established by the core team of trading platforms such as ItemBay, PlayerAuctions, and ItemMania, with past transaction volumes exceeding 1 billion USD, serving over 30 million users.
They are not an experimental startup team, but rather bring a mature model to the blockchain.
—
2/ Technical Architecture
– Based on @SuiNetwork, supporting high-speed, low-cost, and parallel processing
– Multi-signature escrow contracts ensure the security of P2P transactions
– Integrated Immutable Passport for one-click login + automatic wallet generation
– Future support for fiat currency entry and exit, allowing Web2 users to access without barriers
—
3/ POP + AP Incentive Mechanism
– Players can earn POP (non-transferable SBT medals) and AP (achievement points) by completing tasks
– AP determines the amount of $OVT airdrop received in the future
– Not relying on rankings or early exploitation, but emphasizing genuine participation and long-term value
—
4/ Game Ecosystem Construction
@OvertakeWorld is not a shell platform and has launched three blockchain games:
– Somnis: Rumble Rush
– Golden Guardians
– The Red One: Occultation
Somnis has a closed beta retention rate exceeding 83%, far higher than the average level in GameFi.
—
5/ Strategic Cooperation Network
– Immutable strategic investment and technical integration
– Forming ecological synergy with OKX Wallet, CARV, Portal, etc.
– Infrastructure construction based on Sui, with official introductions to its technical model
– Established a closed-loop cooperation relationship with traditional market PlayerAuctions
—
6/ Token Economy and Roadmap
– The native token $OVT has not been publicly issued yet
– Tokens will be used for transaction fees, item synthesis, platform governance, and staking rewards
– Airdrops are strictly tied to POP and AP scores, with a relatively healthy mechanism
– The token whitepaper will be officially released in Q4 2024
—