What is My Neighbor Alice Game?

Decentralized finance and NFTs are prominent features in My Neighbour Alice, a blockchain-building game. Cryptocurrencies and blockchain technology have been brought to the game industry’s attention by this.

Efforts have been made to use blockchain and cryptocurrencies to their full potential. There are several ways to incorporate cryptocurrency into games. It has played a significant role in raising public awareness about digital assets and encouraging their use. As a result, blockchain games have gained a wider audience.

Gaming tokens such as Decentraland (MANA), Axie Infinity, The Sandbox, Gala (GALA), Enjin Coin (ENJ), and many others have been created as a result of this trend. Today, we’ll look at the cryptocurrency-enabled game MyNeighborAlice (ALICE). What is My Neighbor Alice game? Let us discuss this in detail.

What is My Neighbor Alice Game?

My Neighbor Alice is a farm-building game for up to four players online at the same time. Gaming enthusiasts of all stripes will find plenty to enjoy here, not only those interested in blockchain games. Blockchain-powered elements and a player-driven storyline are included in this game. Players can purchase and develop parcels of land on various islands in the game. Ownership of virtual islands and the creation of items are therefore possible.

The game also provides a way for players to engage with one another. Gamers can show off their plots to other players and make new friends after building them. To symbolize the players’ assets, NFTs (Non-Fungible Tokens) are employed.

How do you play My Neighbor Alice?

Allowing gamers to interact, converse, and mingle with other users and players increases the entire gaming experience. Allows players to explore Alice’s habitat forever and create their avatars, which they can use to interact with other players in the open-world setting. This becomes a very fascinating gaming interface for players and they can enjoy their time with their friends and other users.

The globe of Alice has separated into My Neighbor Alice land plots, each of which is made up of several virtual islands. In-game land plots are represented by NFTs, which can be used to modify the landscape, build a new patch, and beautify. In addition, the game has a plot through which players advance as they do chores.

The quantity of land that players can purchase is limited, which helps regulate the value of NFTs. The price and worth of NFTs in this play-to-earn crypto game are affected by the rarity and scarcity of the assets they represent.

The game is free to play, but players can develop assets such as vegetables, houses, and cosmetic items and establish their supply requirements. However, users must pay transaction fees when purchasing and selling non-fungible assets such as land.

NFTs can also be borrowed via the loan system and used to play the game. Lenders can enhance their income in Alice’s games by making money from the loans they give out.

The native token of the My Neighbor Alice game, the Alice token allows players to buy land, transfer NFTs and use particular DeFi products like buyback, collateralization, and staking.

My Neighbor Alice is One of a kind 

When it comes to the game’s use cases, My Neighbor Alice is unique. It caters to both gamers and DeFi enthusiasts. A multiplayer building game, blockchain-based in-game assets, staking, and a loan economy for NFTs are some technologies used to build its ecosystem. This makes My Neighbor Alice unique from other games like Decentraland or trending metaverse platforms like The Sandbox.

The use of cryptocurrency in-game

The ALICE token is the game’s in-game currency, and it’s reflected 1:1 on the blockchain as well. With hundreds of nodes working together to defend the blockchain, the ALICE token is an ERC-20 token based on the Ethereum platform.

Tokens in Alice’s world can be used for various purposes, including receiving staking incentives, making in-game purchases, and participating in the decentralized government system (powered by Community).

Staking

Token holders will be able to earn passive income by staking their tokens, and the game is set up to provide the highest staking returns early on. As the game develops and new features are introduced, the staking incentives will diminish.

Lending and borrowing 

When the NFT rental period expires, the tokens are returned to the lenders using My Neighbor Alice, a trustless lending system for gamers with smart contracts.

ALICE tokens and NFTs can also be bought and sold on external NFT exchanges like Treasureland (on multiple blockchains).

An innovative aspect of My Neighbor Alice is the deposit of part of the purchase price of each NFT into a designated account. Ten percent of the price of an NFT purchased for one bitcoin is reserved in the NFT account and can be retrieved later on if the NFT is destroyed.

Because of their inherent value and ability to always maintain a predetermined minimum value, NFTs can be utilized as collateral in DeFi financing applications.

What’s so special about My Neighbor Alice?

My Neighbor Alice’s value is determined by its technical capabilities. The game’s worth is also influenced by the technology utilized to create it and its features and uses cases. DeFi features and technologies that establish a trustless loan economy will decide the project’s value and its ability to become a mainstream game.

As a result of the volatility of cryptocurrencies, ALICE’s intrinsic value does not necessarily match the market value. The market’s movements and momentum determine the value of the My Neighbor Alice token.

Both blockchain-based gamers and those interested in DeFi will find the project appealing, and the value of ALICE will also rise as a result. My Neighbor Alice is a novel NFTs-based game, and making NFTs for in-game assets adds to its appeal.

How much does My Neighbor Alice cost to play?

Players in My Neighbor Alice can buy and own virtual land, gather and build goods, and interact with other players in a blockchain-based multiplayer game.

On the Binance exchange in March 2021, the coin MyNeighborAlice (ALICE), spelled without spaces, went from $0.1 to $60 in just 30 seconds. By the middle of 2021, it had returned to the $3-4 level, having previously hit a high of $28 in late 2021.

In 2022, will the price of ALICE increase? Can it regain its $60 level? Here, we discuss various My Neighbor Alice price forecasts and the popular crypto asset’s use case in this guide.

If you want to know about Where to Buy My Neighbor Alice, read this article

My Neighbor Alice Price 2022

My Neighbor Alice’s price has been fluctuating between $3 and $4 since November 2021, when it opened at $12.50, and has been on a downward trend ever since. It’s possible that ALICE’s present bearish market structure could be a positive case for the stock:

A retail version of ALICE will be released at the end of 2022, and the team will be working on new features for the game. There’s a chance the price of ALICE tokens could go back to the $10 level due to this effort.

We may expect more improvements and a larger, more supportive community around the My Neighbor Alice game and its native coin by 2023. The price of ALICE might rise to $15 by the end of 2023 if the game succeeds in leading the blockchain gaming market.

By the year 2025, the metaverse may be widely used. Avatars from different gaming ecosystems may join forces to promote each other as for my next-door Neighbor Alice, she’s game. With minimal resistance over $28, the price of ALICE is likely to retest its all-time high of $60 – the ALICE price only traded there for a brief while during its Binance listing push.

Conclusion

According to our research, our long-term My Neighbor Alice price prediction is bullish, as blockchain games are becoming increasingly popular and aren’t likely to fade away anytime soon. By 2026, Yahoo Finance expects the global video game business to reach $300 billion, making them a strong contender in the sector.

A typical keyword term is ‘My Neighbor Alice price projection 2030,’ indicating that ALICE investors have a long-term vision. ALICE may be an excellent investment if it believes in the widespread adoption of NFT games and play-to-earn games in the future.

Lucky Block, a 2022 crypto games and contests platform, has also been extensively evaluated and analyzed on this website. On the official website, you can also discover more about how to participate in its upcoming prize draws.