By Terence Ang
If you’ve played Blizzard’s Hearthstone or Wizards of the Coast’s Magic: The Gathering, you’d probably be familiar with the Trading Card Game concept behind Gods Unchained. Developed by Sydney-based Fuel Games, Gods Unchained is a competitive card game between two players based around a world inspired by Greek mythology. The difference however is that the entire ecosystem sits on the Ethereum blockchain.
Gods Unchained is currently undergoing its early funding round (called a presale), with plans to raise money from early players buying its Genesis Set (380 cards). They have the option to buy the cards in packs of 5 and the prices (in Ethereum) differ based on how probable they want cards with rare, epic, legendary or shiny legendary rarities. Cards with different rarities (backing, design, value, quantities) are minted in different quantities, thus the lesser they are in circulation, the higher their value.
According to Fuel Games, the Genesis Set will no longer be minted after the funding round, so there may be value for them in the secondary auction markets (on the Open Sea marketplace for example). Once they hit their funding target and close sale of the Genesis Set, future game sets will be based on a default deck so players wanting to build future decks based on the Genesis Set will need to buy (or loan them off other card owners) via the secondary market.
What’s gotten the community in a tizzy however is the auction of one of Gods Unchained’s Mythic cards – the Hyperion – which was won for 137.84 Ether (about USD69K at the time). As a benchmark, the highly prized and rare Magic: The Gathering card – Black Lotus – was sold at USD87K on eBay in July recently.
There are only four unique Mythic cards in circulation with the Genesis Set, and so far, two of these four have yet to be revealed by early buyers.
The second development is that ten percent of the presale decks’ proceeds will go into the grand prize of the World Championship set, planned for Q1 of 2019. The goal is USD1.6m and to date, USD260k has been raised, so it’ll probably take at least another couple of months before their presale closes.
The critical aspect of how Gods Unchained differs from Hearthstone and Magic: The Gathering is that every card purchased by a player is owned by the player (in the form of a non-fungible token called the ERC-721 collectible). With this true virtual asset ownership, the player can choose to auction it off, loan it to tournament players as escrow or just keep it as a permanent collection (unless the Ethereum blockchain completely shuts off).
With such buzz surrounding this, it is no wonder that Gods Unchained’s Discord chat channel is constantly filled with players posting screenshots of new cards they’ve opened and sharing the rarity statistics within this ever-growing community.