User:SeanDeRue/sandbox

From Wikipedia, the free encyclopedia

Project Quantum is a AAA looter-shooter-style video game set to be released in 2024 and built in Unreal Engine 5 by Scottish game studio Quantum Works.[1] The game is being built to integrate with the Binance Smartchain so its in-game economy can run on a cryptocurrency called QBIT[2].

Description[edit]

Project Quantum involves PvP and PvE combat that takes place in a futuristic open-world setting. The loot that is collected from combat is digitized as NFTs, where it can be used by the character or sold for QBIT within the game's marketplace. [3]

In-game economy[edit]

The game uses a free-to-play, play-to-earn model where the game's revenue is generated from a tax of all QBIT transactions.[2]


QBIT’s smart contract contains a 10% tax on buy, sell, and move transactions.[1] 3.5% of the transaction is swapped and liquidated to BNB to fund Quantum Works. 3.5% of the transaction is injected back into the game economy in the form of in-game rewards and competition prizes. 3% of the transaction is dispersed back to players and all holders of QBIT. [1][4]

QBIT is not listed on any major centralized exchanges. The tax system that is integrated within the token’s smart contract does not comply with the policies of most major centralized exchanges. [5] Users instead are only able to buy and sell QBIT on decentralized exchanges.

Criticism[edit]

This blockchain gaming model has been criticized for its sustainability concerns[6] and for losing the essence of a game[7]. Microsoft's head of gaming, Phil Spencer, has said, "What I'd say today on NFT, all up, is I think there's a lot of speculation and experimentation that's happening, and that some of the creative that I see today feels more exploitive than about entertainment, I don't think it necessitates that every NFT game is exploitive. I just think we're kind of in that journey of people figuring it out".[8]

Team Biographies[edit]

  • Fraser Gordon – CEO/Founder. Gordon is a Scottish businessman who has previously worked in the film and television sector before working as the managing director at Detailing Factory Ltd. [9]

See also[edit]

References[edit]

  1. ^ a b c "What Is Project Quantum? Blockchain Gaming Watch". Token Gamer. 2021-11-09. Retrieved 2022-02-21.
  2. ^ a b White, William (July 28, 2021). "Project Quantum Crypto: 11 Things to Know About the Gaming Upstart Quantum Works and QBIT Coin". Nasdaq.{{cite web}}: CS1 maint: url-status (link)
  3. ^ Jenkins, Prima (2021-12-06). "What Is Project Quantum?". CryptosRus. Retrieved 2022-02-21.
  4. ^ https://cdn.flowcode.com/prodassets/Cybersecurity_Audit_CTDSEC_Quantum.pdf?ts=1621612908240478917
  5. ^ "Binance Listing | How to List Your Coins on Binance | Binance Support". www.binance.com. Retrieved 2022-02-21.
  6. ^ Harris, Ainsley (2021-09-24). "The danger of the internet turning money into a game". Fast Company. Retrieved 2022-02-21.
  7. ^ Mozuch, Mo. "Blockchain games twist the fundamentals of online gaming". Inverse. Retrieved 2022-02-21.
  8. ^ Totilo, Stephen (2021-11-16). "Xbox chief wary of "exploitive" NFT gaming projects". Axios. Retrieved 2022-02-21.
  9. ^ "DETAILING FACTORY LTD". Dun&Bradsheet Business Directory.
  10. ^ "Jamie Magnus Stone". IMDb. Retrieved 2022-02-21.
  11. ^ "Quantum Works Partners with One Pixel Brush on Crypto Gaming Title". CoinGape. 2021-06-11. Retrieved 2022-02-21.