SYN CITY, a play-to-earn blockchain game, plans to launch its mafia metaverse through the Binance Initial Game Offering (IGO) on December 9, 2021, at 4 pm UTC. The SYN CITY plans to offer limited-edition NFTs as part of the launch and other additional in-game assets designed specifically for the Binance platform.
In the recent past, the concept of Initial Game Offerings (IGO) has achieved remarkable traction. Every single IGO is exclusive to Binance, where their premium blockchain games drop their respective NFT collections on Binance’s NFT platform. The collections may choose to list via fixed-price sales, mystery boxes, auctions and many more. Binance gives game developers an opportunity to install a few rounds of IGOs for their games. This allows craters to provide unlimited assets in each round using flexible pricing.
IGOs are specific to games, which means that all the content dropped on the Binance NFT platform is strictly limited to in-game assets. These assets include access passes, skins, experience points, legendary weapons, and exclusive in-game assets for Binance users.
SYN CITY was founded by Roy Liu, a former Head of Business at Tron, and is a free-to-play game based on a unique syndicate and mafia theme; it is built on the blockchain. The builders have proposed a “mafia metaverse” that will introduce a first-of-its-kind governance system known as Mafia-as-a-DAO (MaaD). MaaD incentivizes players by allowing them to create syndicates or join existing syndicates. SYN CITY was created by a team of experienced developers from leading companies such as Ubisoft, Disney, EA, Roblox, and Gameloft.
SYN CITY has taken a unique approach as a free-to-play game that is also a play-to-earn game, which has made it receive the backing of prominent venture capital firms and prominent blockchain investors. Goat Capital, a VC firm led by Justin Khan, the co-founder of Twitch and Rodin Chan led an $8 million funding round in SYN CITY days before its genesis launch. The game has received additional funding from Hack VC, Spartan Group, Animoca Brands, A&T Capital among others.