Legend of Arcadia (ARCA) Research Report

1. Project Overview

Legend of Arcadia is a strategy-based casual card game developed by EVG's Web3 risk studio, featuring Free2Play and Play2Earn elements on TG. It integrates a rich game economy loop and a GameFi 2.0 concept system. Apart from experiencing the game's immersive storylines, players can also enhance their earnings through staking, battles, and mining. The game combines the playability of Web2 card strategy games with the financial benefits of GameFi’s play-to-earn model. The enchanting world of LOA revolves around a fictional colony inhabited by small humanoid beings resembling toys (known as "Toy Heroes," playable NFT characters in the game). The goal is to collect and nurture different types of Toy Heroes (with eight categories and six factions), and players are rewarded with higher combat abilities and improved mining efficiency at higher levels. The parent company, Everest Ventures Group (EVG), headquartered in Hong Kong, is a global venture capital group focusing on Web3 adoption, with over 300 team members worldwide.

 

Official Links:

• Website: https://legendofarcadia.io/
• Twitter: https://x.com/LegendofArcadia
• Discord: https://discord.com/invite/legendofarcadiahq
• Telegram: https://t.me/LegendofArcadia

 

2. Ecosystem Architecture

Game Ecosystem
The ecosystem of Legend of Arcadia operates with a closed-loop single-token economic model, composed of four parts: gameplay, marketplace, VIP system, the ARCA token (upcoming), and governance.

1. Marketplace

The marketplace is a trading platform where players can buy/sell their NFT heroes, Gacha Balls, and in-game items, with a 3% transaction fee on the platform.

2. How to Earn $ARCA

While enjoying the game, players earn substantial energy and experience (EXP). Energy serves as fuel for white mining, while EXP is used to level up the player’s NFT Hero Stands. Additionally, other heroes are consumed to enhance the attributes of main NFT Heroes. As heroes become more powerful, they can be sold at higher prices on the Legend of Arcadia NFT market. Players can showcase their heroes' strengths in the arena, competing with others to win obsidian—a valuable resource that can be used to mint $ARCA through white ore forging.

3. Gameplay

"Legend of Arcadia" offers two types of gameplay: PvE (Player vs. Environment) and PvP (Player vs. Player). By immersing themselves in these modes, players will discover two distinct types of in-game items. Generally, players can obtain White Ore through mining, while Obsidian can be acquired by participating in the arena game mode. These two items can be further forged to mint $ARCA tokens.

 

3.1 PvE (Player vs Environment)

Adventure Mode

Players experience an engaging storyline and exquisite level design, allowing them to discover the world and characters of Legend of Arcadia while earning rewards. As the game progresses, players receive energy and EXP, which can be used for mining or leveling up NFT heroes, with increasingly generous rewards as the storyline unfolds.

Idle Rewards

Mining

Mining White Ore is a key component of Legend of Arcadia. Players can send their NFT heroes deep into Mount Mantos to gather abundant mineral resources. By mining in the caves of Mount Mantos or hidden caverns, players can earn White Ore as a reward, which can then be combined with Obsidian to forge and mint the game's governance token, $ARCA. The efficiency of White Ore mining generally depends on several factors: the rarity of the deployed NFT heroes, their upgrade levels, progress in Adventure Mode, specific gear themes, and VIP level.

Maze Game

The Maze Game mode is a Roguelike-style adventure that challenges players to explore a maze filled with unpredictable dangers and valuable resources. By venturing into the maze, players can acquire in-game resources, including energy, experience points (EXP), equipment items, and Maze Coins. Maze Coins can be spent in the Maze Shop to purchase ASTRO EXP and equipment. Each maze challenge lasts for 48 hours and resets automatically when the time expires. With every maze challenge, players gain valuable experience, navigate the perilous maze, and earn rewards to enhance the combat abilities of their NFT heroes.

Lottery Draw

By participating in the Lottery draw, players have a chance to win fantastic Obsidian rewards. To enter, players must select three blue balls from a number range of 1 to 24 and one red ball from a range of 1 to 48 for their bet. Each bet costs 100 White Ore, with 5% of the wager amount burned as part of the game’s mechanics. The prize pool accumulates continuously until a winner is determined, with each round’s pool growing progressively. To claim the prize, players must match their chosen numbers with one of the seven possible winning combinations. If the selected numbers match a winning combination, players qualify to receive the prize. Upon winning, the prize will be automatically sent to the player’s in-game mailbox, where it will remain available for 14 days.

3.2 PvP (Player vs Player)

Fervor Arena

Fervor Arena is a unique PvP game mode in Legend of Arcadia, unlocked after completing Chapter 3 of Adventure Mode. In this mode, players can asynchronously challenge others to improve their rankings and earn Obsidian rewards, which are distributed weekly based on rank. With enough Obsidian and a corresponding amount of White Ore, players can forge and mint the game’s governance token, $ARCA.

In the Arena, players face comprehensive competition involving their NFT heroes, their skills, equipment items, stands, and star chart constellations. To achieve higher rankings in the Arena, players must enhance their hero teams by equipping better gear and upgrading constellations to higher levels, effectively boosting their combat power. This approach helps players improve their rankings and earn more substantial rewards. Success in the Arena relies on understanding the game mechanics and skillfully combining NFT heroes, allowing players to climb the Arena leaderboard, earn Obsidian rewards, and accumulate $ARCA.

 

Arena Settlement

The Arena rankings reset every 7 days, with rewards distributed based on player rankings. At the end of each week, seasonal rewards are granted, after which all player rankings are reset. Rewards are distributed based on the final rankings, with higher rankings yielding greater rewards. Players must participate in at least five battles each week, and rewards will be sent to their in-game mailbox based on their final rankings at the end of the season.

World Boss

The World Boss is an important game mode in Legend of Arcadia, where players can challenge various bosses and earn rewards based on their performance. To succeed in the World Boss mode, players need NFT heroes with higher overall combat power. Hero combat strength also increases as their stand levels improve, which can be achieved by progressing in Adventure Mode and collecting experience from daily idle rewards.

 

After defeating a World Boss, players are ranked based on the damage dealt to the boss, with a leaderboard displaying the standings. For each first attempt at the World Boss per round, players receive 2 Obsidian as a reward. Players earn more Boss Points based on their ranking—the higher the rank, the more points earned. These Boss Points can be used in the Boss Points Shop to redeem valuable items, including ASTRO Packs and ASTRO EXP.

 

Toy Brawl

The introduction of Toy Brawl caters to players' diverse gaming preferences, offering the thrill of intense PvP combat in an innovative tournament arena. In Toy Brawl, players can showcase their strategic prowess as competitors, engaging in thrilling battles against formidable opponents. Additionally, they can participate as spectators, tapping into their betting instincts by wagering on the outcomes of epic clashes.

3. Tokenomics

Token Details

Token Symbol: $ARCA

Total Supply: 1,000,000,000

Token Address: TBA

$ARCA, the governance token for Legend of Arcadia, is an essential incentive reward within the game. Token holders will be able to vote on key issues related to the community and governance. Plans are underway to expand the token’s applications to boost its value and utility within the blockchain gaming community.

 

Token Utility

2.1 Staking $ARCA to Upgrade VIP

The VIP system is designed to reward and recognize Legend of Arcadia's dedicated Arcadian players who actively support the game by staking $ARCA tokens. By staking $ARCA and holding vipARCA tokens, Arcadian players can unlock a prestigious VIP status within the game. Becoming a VIP offers various in-game benefits, such as increased earnings boosts, enhanced daily idle rewards, quadruple battle speed, the ability to skip battles, and more. There are 20 VIP levels available for Arcadian players, and as they accumulate and hold specific amounts of vipARCA, they can unlock various privileges.

 

1. Earnings boost of up to 2.5x (coming soon)

One of the main advantages for vipARCA holders is the opportunity to amplify their returns through provided liquidity. By locking $ARCA, players can achieve up to a 2.5x earnings boost, which comes from the liquidity they contribute to Legend of Arcadia. It’s important to note that once locked, this process is irreversible. The amount of vipARCA received will depend on the duration and quantity of $ARCA that players choose to lock. Additionally, players have the flexibility to extend the lock period and add extra $ARCA at any time.

 

2.2 NFT Hero Transformation and Upgrades

In NFT Hero Transformation, players can choose to consume idle NFT heroes and transfer specific facial features (eyes, nose, and mouth) or body parts (head, body, legs, and hands) from the consumed heroes to a target hero. The success rate of NFT Hero Transformation depends on factors such as body part type, facial feature type, and VIP level. Players can enhance their NFT hero attributes up to the maximum within the enhancement range. This requires $ARCA and idle NFT heroes of the same rarity in the inventory.

 

2.3 Governance (coming soon)

In Legend of Arcadia, each player has the opportunity to stake their $ARCA tokens into the DAO. Based on the amount of $ARCA staked and the lock-up period, players receive vipARCA tokens, which represent their voting power. Holding vipARCA allows players to participate in both game governance and DAO governance. Legend of Arcadia firmly believes that players are not only participants but also empowered stewards capable of shaping the game’s future direction.

 

3. Token Allocation

4. Roadmap

2024 LOA Roadmap:

5. Team Background

The official white paper reveals that the core team consists of 8 members, headquartered in Hong Kong. The team has a strong background in gaming, with experience from Seasun Studios, Tencent Photon Studio, Hero Entertainment, and Baidu Games. This extensive background enables them to handle the demands of high player concurrency, build expansive game worlds, and design complex game systems, offering a significant advantage in the Web3 gaming space.

 

Core Team:

Andy Lee - Executive Producer

Co-founder and CEO of Legend of Arcadia, and Partner & Head of Gaming at EVG, with experience in gaming, finance, and fintech. Developed multiple popular games at Tencent Photon Studio, ranging from casual to mid-core genres (sports, racing, auto-chess), generating millions in revenue and over a million DAU. Led and devised new strategic plans for WeLab (a leading fintech company with over 50 million registered users, including launching WeLab Bank and acquiring Bank Jasa Jakarta in Indonesia). Formerly Tencent’s Director of Gaming Strategy & Partnerships, and a Teaching Assistant in the Department of Statistics at Carnegie Mellon University. Holds a degree from Carnegie Mellon University.

 

Alex Chong - Head of Web3 Products

Over 3 years of experience in tokenomics design, cryptocurrency, and NFT research. Previously served as a crypto research analyst in a family office and private equity firm.

 

Jason Zheng - Head of Technology

A 15-year veteran in game development at Seasun Studios and Tencent Games, specializing in casual and mid-core genres. Involved in producing Tencent Pictures’ Rococo Kingdom series and led the development of top iOS and Android games like Brave Cross. Proficient in high-concurrency network deployments, distributed solutions, system deployment, high-performance database design, and game engine optimization, with 5 years of blockchain engineering experience, including blockchain infrastructure, smart contract deployment, and security. Also a cybersecurity expert at a top global firm.

 

Shawn Yu - Game Producer

With 10 years of gaming industry experience and 5 years focused on game system design. Has 5 years of publishing experience at Hero Entertainment and Baidu Games, covering card, role-playing, and shooting genres. Led core game design for 3D MMORPG series Lost Temple and Sky Change and launched top-charting games on iOS and Android, such as Clash of Panzer: Tank Battle.

 

Wei Su - Chief Game Designer

Game development expert at Seasun Studios with decades of experience. Created games with a combined monthly revenue of over $10 million and pioneered the concept of action-card combat, releasing Brave Cross in 2015.

 

Romy Luo - Art Director

Over 7 years in game art, with projects spanning global regions, and more than 2 years in GameFi experience. Has directed art development and marketing for several blockchain games.

 

Jacky Cheung - Head of Development

Over 3 years of Web3 project management experience, successfully launched 2 Web3 projects and raised over $6 million.

 

Katie Yeung - Community Lead

More than 5 years of experience in marketing and project management, with over 3 years in GameFi, specializing in community building, marketing strategies, and social media development.

 

6. Funding Situation

As per Rootdata, on August 30, 2024, the team raised $4 million in a seed funding round led by Animoca Brands, OKX Ventures, Arche Fund, and Selini Capital.

Summary

• The gameplay design in LOA is well-structured, gradually introducing new elements to ease new players into the experience.
• Players can earn through various game modes, using the white ore and obsidian they obtain to forge $ARCA tokens, and through trading NFT heroes and items.
• The team’s background, with substantial experience in game development, supports their capabilities in handling complex game systems and high player traffic.