NFT sci-fi card game Parallel raises at $500M valuation from Paradigm

Parallel Is Just the Beginning of the Prime Foundation Ecosystem

The Prime Proposal states clearly, that it is meant to be a «living document» which directly looks at Parallel Trading Card Game as the first game in a suite of games and web3 tools that will make up the Prime Foundation Ecosystem. Essentially Parallel Studios intends to flesh out their team and community beyond just Parallel in the future, with their token $PRIME being the centerpiece for the ecosystem’s economics.

The Echelon Whitepaper breaks down specifics on the $PRIME Token and its distribution which you can read here, but for now let’s dive in to what the Prime Proposal states about Parallel’s plan for the Trading Card Game.

NFTBoxes NFT Statistics

Commercial and Business

45 18. 42%

You can use these metrics to decide if Parallel Alpha is a high potential NFT, if it is gaining popularity and; trends and if really your contribution is worth.

It’s no secret that NFTs have been a hot space for crypto speculators in the Ethereum ecosystem to diversify their holdings, and while some see a golden opportunity to shill bad art to suckers, others believe that NFT-based gaming is destined for the mainstream and that products that nail the mechanics early-on will earn the spoils.

“The best crypto games will be the ones that can go beyond first-party content and inspire a community of players and developers to build on the game itself. We were impressed by Parallel‘s unique approach and fervent early community, and excited to support them for their next stage of growth,” Paradigm co-founder Matt Huang said in an email.

An NFT from Parallel’s upcoming drop. Image Credits: Parallel

The sci-fi NFT card game caught fire in August after its first pack drop amid a massive surge in NFT speculation. According to crypto tracker CryptoSlam, the platform did nearly $105 million in transaction volume. One of the titles’ “Masterpiece” cards sold for $1. 1 million worth of the Ethereum cryptocurrency. Even as sales fell to just over $11 million in September, a huge month like that can do big things for the long-term value of an NFT project, as rarer purchases made during that time that are held onto long-term can establish steadier baseline price floors for new assets minted on-chain.

Nothing stress tests a system like thousands of tech-savvy speculators trying to break down said system in order to get filthy rich. As a result, NFT “drops” have been plagued by every kind of nightmarish scenario. So far things have gone pretty well for Parallel, which has built up its own drop system, but with its next drop just days away and the potential value of those cards moving higher, plenty of eyes are centered on how smoothly things go.

Parallel Alpha NFT Collection Statistics

The all-time average price of Parallel Alpha is 0. 461 ETH ($1,008), so expect to pay around that cost to secure an NFT in the Parallel Alpha collection:

• Find your NFT on OpenSeaOpenSea has hundreds of thousands of NFTs listed, so consider looking through collections to help narrow down the selection.
• Transfer ETH to a web3 walletMetaMask is a popular web3 wallet option, and our guide on MetaMask has detailed instructions on how to make the transfer.
• Buy your Parallel Alpha NFTWhen you’re ready to make your purchase, click the «Buy Now» button on the specific NFT you’re interested in. OpenSea will show you the total cost, including fees, and after purchasing be sure to approve the transaction in your MetaMask wallet.

Parallel Alpha sales and volume statistics

Evaluating Parallel Alpha Collection

Parallel’s high-quality art and nerdy bona fides went down well with the NFT community and the next drops are eagerly anticipated. Here are a few key points:

The third and fourth card sales are expected in October 2021 and January 2022.

Game development is scheduled to begin in earnest in November 2021. It is initially planned to be PC only.

The game is to be played with cards gamers can acquire from buying booster packs in drops from the dev team or bought on the secondary market via an NFT marketplace.

Key Considerations

Before adding a Parallel token to your NFT collection, it is important to evaluate the token across a variety of metrics. The most important thing to know about Parallel is the taxonomy of the wide variety of cards available, so let’s break them down.

• Standard cards are set to be the “routine” cards used to actually play the game, with 4 tiers set to be available and classified by scarcity: common, uncommon, rare and legendary.
• Prime cards are rare promotional cards auctioned during the presale or given away as sweeteners.
• Assets are non-playable cards that grant benefits in the game ecosystem – with staking a potential option once live.
• Perfect loops are, as the name suggests, looped animations.
• Concept art cards are rare collectibles comparable to “conventional” art NFTs.
• Card backs will allow you to customise the cards you already own.
• Masterpieces are the rarest of the rare. These are each unique and entitle holders to 1% of the revenue generated by the cards that have the same art.

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Card Dynamics in Parallel

Card Continuum (CC): A Parallel initiated run of cards that would increase the supply of a given card set depending on demand and player base size according to the chart below. If enacted by the community via governance vote, Card Continuum cards will feature a mark denoting which CC version they belong to. A CC version may also have slightly different art, card frame, and other identifying features in order to distinguish it from the First Edition version of the playable card.

Lineage System: The second proposed idea is a card progression and spawning system which would allow players to level up their cards through winning games and spending $PRIME to make copies to be sold on secondary markets. This would naturally increase supply without Parallel’s influence allowing the community to organically determine scarcity. Each time a card is used to spawn a new copy, a cooldown would start that can only be advanced with additional wins. System designers will not have to predict player base growth in this method and cards within the linage system would be denoted «spawned» much like CC, differentiating them from current FE, SE an PL cards.

Apparitions: A smaller third proposal allows for physical cards which could be used in a similar manner to a starting deck like in Magic the Gathering Arena or Hearthstone. These packs would be sold at a fraction of the price and could help onboard new players and help existing players round out decks for in-game use.

Keys, Collectibles and Other Digital Assets

• PRIME KEYS: The only assets the community previously knew the utility of. Prime Keys act as pack reservations but in addition to this they can be staked for $PRIME, can be used to redeem giveaways, and will also open up additional slots in the new key framing system.
• GALAXY KEYS: Galaxy Keys will grant access to a special Galaxy Faucet that will open periodically. In the Key Framing system, Galaxy Keys will increase the in-game $PRIME emission during gameplay by a random amount.
• OVERCLOCK KEYS: Overclock Keys are utilized in Key Framing and dramatically increase PRIME earnings from consecutive wins.

After reviewing most of the utility, many are tied to the in-game currency $PRIME and earning more of it through different play styles and avenues. This is a positive sign for any who wants to interact with the Parallel Trading Card Game on deeper than surface-level gameplay mechanics.

$PRIME and Game Sinks

With $PRIME having a fixed supply of 111,111,111. 111 the question then becomes what utilizations and value proposition does the token supply. With various initial propositions, the list below details the ideals that the Parallel Team wants to implement for the 30% of initial $PRIME supply designated for gaming utility.

One other thing to note is as other games begin to launch on the Echelon ecosystem, they will bring with them their own set of Game Sinks. With a wide array of specific card utility and game sinks proposed, the Parallel team shifts their focus to deeper gameplay mechanics in the back half of this document, leaving details to token distribution to the Echelon Foundation Whitepaper.

Gameplay/Echelon Ecosystem

• Sectors: Sectors is a meant to be a replayable game mode that offers both single player and multiplayer experiences. In this format, players will construct an initial 30-card deck based on a choice of 10-card sets that are offered at the beginning of a run. Players will be able to earn PRIME in the multiplayer Sectors format.
• Rookie Queue: This is meant to onboard players into the Parallel TCG universe. The «Rookie Decks» will be available to players to learn and casually experience what the game has to offer.

Additional Resources

Prime Proposal & Echelon Whitepaper

Disclaimer: Lucky Trader is not a registered investment advisor. You understand that the service is furnished for your personal noncommercial, information, purpose only. No mention of an NFT in the service constitutes as a recommendation to buy, sell, or hold that or any other NFT. Nothing within the service shall, or is intended to, constitute financial, legal, accounting, or tax advice. Any decision that you make to buy, sell, or hold an NFT should be based on an assessment of your risks in consultation with your personal advisers.

Final Thoughts

The Prime Proposal sheds light on a whole host of topics that the community has been speculating on since the first pack drop. With the gameplay in development and most of the systems outlined here, the Echelon Ecosystem has a clear goal for the future of Parallel and the wider landscape surrounding the $PRIME economy. The effort to build a large-scale, popular trading card game has a clear roadmap now, and the execution will be highly anticipated in the coming months as PDIII is the final drop before alpha release. Refer to our breakdown on the Echelon Whitepaper and the deeper $PRIME token economics and distribution as the community begins to grasp the totality of everything the Prime Proposal had to offer.

Parallel Alpha is a NFT-based, sci-fi themed card game. They launched in May 2021 and have released 67 unique cards to date. Their NFT collection has seen incredible success, with a thriving community and strong secondary sales consistently ranking in the top 5 on OpenSea

Each deck will consist of 40 cards approximately. The decks can be built with the mix of special cards of one of 5 colonies as well as with universal cards