A recent update showed that Garuda Nodes, the 59th-largest LUNC validator at press time, is on course to launch a play-to-earn (P2E) game powered by Terra Classic blockchain (LUNC) by the second quarter (Q2) of 2023. 

This impending Terra Classic-based blockchain game is dubbed Gurada The Protector. Notably, the play-to-earn game is designed to have several non-fungible tokens (NFT) characters that are available for minting on the Miata marketplace, a new NFT platform launched on the Terra Classic blockchain. Per the announcement, only 320 units of the game NFT are available for minting.

“The next game project in LUNC blockchain: Garuda The Protector will be released on Q2-2023,” the team disclosed. “Mint your NFT Garuda in Miata.io as a character in this Play-to-earn game,” the update added. 

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This strategic and expansion-focused development brought forward by the Garuda Nodes team got a warm reception from the energetic LUNC community as the Terra Classic blockchain-based game promises to burn a bunch of LUNC tokens frequently via the programmed on-chain tax burn. 

Reacting to the planned game launch, a LUNC growth group BetterLunc inquired to know whether the Garuda The Protector game would support the LUNC burning expedition. Betterlunc wrote, “This is pretty cool! I’ve been waiting on a LUNC game! Maybe it’ll burn some [LUNC]?”

Following this question, the Garuda Nodes disclosed that the game will not only burn via on-chain tax burn but revenues derived from the game would be burned as well. “Yes, there is on chain tax burn and we will burn some of our revenue from this game too mate,” the team behind the Garuda The Protector game replied. 

TerraCVita, an independent LUNC development group that is currently developing Terraport Finance — a decentralized finance exchange — on the Layer 2 of the Terra Classic blockchain equally embraced the anticipated game. 

Read Also: Terra Classic (LUNC) Price Prediction as SEC Sues Terra Founder Do Kwon for Multiple Frauds

The team then requested support from the Terra Classic community, beckoning members to delegate LUNC to their validator node to boost their voting power and validator ranking. According to Garuda Nodes, higher voting power would enable them to build more utilities on the LUNC blockchain. 

On the whole, it’s exciting to see more developments surrounding the LUNC project despite the lawsuit filed against the project founder Do Kwon by the United States Securities and Exchange Commission (SEC).

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The post Terra Classic (LUNC) To Welcome New Play2Earn Game by 2023 Q2  appeared first on Times Tabloid.

According to an announcement on Sunday by LUNC DAO, this new NFT platform set to go live on the Terra Classic chain today is dubbed MetaGloria & Miata. 

In line with this, LUNC DAO will be hosting an Ask Me Anything (AMA) session to reveal more details to the optimistic LUNC community at 10 pm UTC. Classic Crypto, a popular Terra Classic (LUNC) validator, will be co-hosting the AMA session. 

Will be co-hosting this $LUNC AMA w/ @LUNCDAO.

Looking forward to speaking about #LUNC projects! https://t.co/986nM9xru7

— Classy (@ClassyCrypto_) November 14, 2022

It is said that the team has taken sufficient time to develop the MetaGloria & Miata marketplace in a way that would greatly benefit the Terra Classic (LUNC) ecosystem.

MetaGloria Would Burn LUNC Tokens

MetaGloria is a play-to-earn game, developed by a team of game developers and crypto enthusiasts from Ukraine. The gameFi project seeks to give gamers a high-quality gaming experience while also allowing them to earn. 

Particularly, MetaGloria is designed to help the Terra Classic community to burn its hyperinflated LUNC supply. 

Read Also: Terra Classic Burns Surpass 27 Billion LUNC and Total Staked Now More Than 857 Billion Tokens

“Because of recent events, Terra Classic’s asset holders felt the loss associated with an emissions increase, which led to a drop in value. The only possible way out is to burn excess tokens. which is why we provide the opportunity to exchange LUNC for the GLS (donate) token that is used in our game,” MetaGloria wrote. 

The MetaGloria play-to-earn team made available only two collections of 3000 unique AI-generated non-fungible tokens for minting. So far, 1000 unique NFTs have been minted while the team plans to release the remaining 2,000 Muji NFTs. Notably, these NFTs were created on the Terra Classic blockchain. 

Ultimately, the launch of the MetaGloria & Miata NFT marketplace is a forward-moving development for the Terra Classic community as it would contribute to the reduction of the total supply of LUNC. 

Meanwhile, a developer in the Terra Classic community recently presented a proposal that would help burn LUNC tokens worth about $4.16 million. Another update showed that Terra Rebels burned 7.93M LUNC after the second round of the Terra Classic lottery game.

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The post NFT Marketplace That Supports LUNC Burning Set to Go Live on Terra Classic Blockchain appeared first on Times Tabloid.