NYAN Nyan Heroes

Nyan Heroes Use Cases

Nyan Heroes is a play-to-earn NFT metaverse game powered by the Solana blockchain. The game features two main tokens: NYN (governance token) and CTNP (utility token).

Token Use Cases:

• NYN Token:

  • Governance: Participate in decision-making processes.
  • Staking: Earn rewards and participate in governance.
  • Marketplace Transactions: Use NYN for trading NFTs.
  • Overcollateralization: Back the in-game stable coin, CTNP.

• CTNP Token:

  • Gear Upgrades: Level up characters and weapons.
  • Guardian Upgrades: Enhance Guardian Robots.
  • Consumables: Purchase in-game items.
  • Cosmetics: Buy skins and other cosmetic items.
  • Minting: Create new characters and items.
  • Rewards: Earn CTNP by completing quests, winning battles, and progressing in adventure mode.

Gameplay Use Cases:

• Collect & Battle:

  • Collect Nyan Cat heroes and Guardian Robots as NFTs.
  • Battle other players in a shooter-style action game.

• Play & Earn:

  • Undertake quests, win battles, and complete guild missions to earn CTNP tokens.
  • Use CTNP tokens to upgrade heroes and weapons or sell them for real money.

• Reassemble & Customize:

  • Disassemble and reassemble Guardian Mechs to create new units with improved abilities.
  • Acquire rare parts and customize equipment.

• Staking & Rewards:

  • Stake Nyan Heroes and Guardian Mechs to earn CTNP tokens.
  • Stake NYN tokens for governance, decision-making, earning yield, and revenue share.

Marketplace Use Cases:

• NFT Trading:
  • Buy and sell Nyan Cat heroes, Guardian Robots, and other in-game NFT items.
  • Trade weapon cores, cosmetic skins, crafted items, and more to level up and challenge other players.

True Ownership:

• Blockchain Storage:
  • Characters and equipment are securely stored on the blockchain as crypto assets.
  • Players can mint their own Nyan Cat heroes and Guardian Robots as NFTs.

Funding:

• Investment Rounds:
  • Nyan Heroes completed an early-round seed investment, raising $2.5 million.
  • A strategic investment round raised $7.5 million at a valuation of $100 million, led by various venture capital firms.

Pros of Nyan Heroes

• True Asset Ownership: Nyan Heroes integrates blockchain technology, allowing players to own and trade in-game items, creating a thriving economy powered by user-generated content and artificial intelligence.
• Customization and Variety: The game offers a variety of classes with unique abilities and roles, customizable mech loadouts, and various mods, providing a wide range of strategic options.
• Economic Opportunities: Players can trade items using CATNIP, the in-game currency, and rent out items to others, earning a share of the borrower's earnings.
• Decentralized Governance: NYAN holders can participate in decentralized governance, influencing future game features and upgrades.
• Reward System: NYAN is used for various in-game activities such as minting items, paying marketplace fees, and entering competitions, with rewards redistributed to active players and ecosystem participants.

Cons of Nyan Heroes

• Complexity: The game's integration of blockchain technology and multiple currencies (CATNIP and NYAN) may be confusing for some players.
• Dependence on NYAN: The game's economy and governance rely heavily on NYAN, which could lead to issues if the token's value fluctuates significantly.
• Limited Availability: The full-version release is set to launch in 2025, which means players have to wait for the complete experience.
• Marketplace Risks: The game's marketplace and rental system may expose players to risks such as market volatility and potential scams.
• Technical Requirements: The game's use of Unreal Engine 5 and blockchain technology may require high-end hardware and technical expertise.

Founders of Nyan Heroes

• Max Fu: Co-Founder and CEO. Max Fu has a successful track record in building brands and communities across digital media, web3, and gaming spaces. He formed Nyan Heroes in 2021 with Wendy “Wengie” Huang, who serves as CMO. Max has extensive experience in the blockchain space and has built a studio with talent from AAA studios like Sony PlayStation, Ubisoft, and Bioware.
• Wendy “Wengie” Huang: Co-Founder and CMO. A digital marketing executive and lifestyle influencer who co-founded Nyan Heroes with Max Fu in 2021.

Investors in Nyan Heroes

Nyan Heroes has secured funding from several prominent venture capital firms and organizations. Key investors include:

• Kosmos Ventures: A venture capital firm that invests in blockchain and crypto projects.
• Sino Global Capital: A global investment firm focused on blockchain and cryptocurrency investments.
• Shima Capital: A venture capital firm that invests in early-stage blockchain and crypto projects.
• Petrock Capital: A venture capital firm that invests in blockchain and cryptocurrency projects.
• Delphi Ventures: A tier 1 venture capital firm that invests in blockchain and crypto projects.
• Mechanism Capital: A tier 2 venture capital firm that invests in blockchain and crypto projects.
• DeFiance Capital: A tier 2 venture capital firm that invests in blockchain and crypto projects.
• Solana Ventures: A tier 2 venture capital firm that invests in blockchain and crypto projects.
• IVC: A tier 2 venture capital firm that invests in blockchain and crypto projects.
• Sfermion: A tier 2 venture capital firm that invests in blockchain and crypto projects.
• Jump Capital: A tier 2 venture capital firm that invests in blockchain and crypto projects.
• Merit Circle: A DAO (Decentralized Autonomous Organization) that invests in blockchain and crypto projects.
• Yield Guild Games (YGG): A DAO that invests in blockchain and crypto projects.

These investors have contributed to Nyan Heroes' total funding of $13.07 million across various funding rounds.

Halal Status of Nyan Heroes

• Halal Status: Yes
• Reason: Nyan Heroes is considered halal based on the Shariah analysis provided by Practical Islamic Finance, which evaluates cryptocurrencies based on project evaluation, token evaluation, and reward systems. Nyan Heroes has been given a "Comfortable" rating, indicating that it meets the criteria for being halal.