Floki developers have announced a delay in their Valhalla metaverse until early 2025, in order to fix certain bugs detected by auditors Hacken and OpenZeppelin.
The developers of the memecoin $FLOKI, have announced via its account on X, a delay in the launch of Valhalla, the long-awaited Play-to-Earn (P2E) metaverse of this cryptocurrency. Initially scheduled for November 2024, the launch has been postponed until the first quarter of 2025. This decision, although it may generate some frustration among followers, responds to the need to guarantee maximum security for users and their assets within the Valhalla ecosystem.
The Floki team has made this decision after taking into account the recommendations of the project auditors. In this case, we are talking about the most respected auditing companies in the sector, Chop y Open Zeppelin, who have been reviewing Valhalla's smart contracts before the mainnet launch. These audits are crucial in the world of cryptocurrencies, as they help identify and mitigate potential vulnerabilities that could compromise the security of users and their assets.
Hacken and OpenZeppelin have conducted a thorough analysis of the smart contracts that will form the foundation of Valhalla and as a result have come up with a number of suggestions that the Floki team believes will significantly improve the security of the ecosystem. While this additional process may take a few weeks, the team is committed to implementing all recommendations before proceeding with the launch.
Valhalla: an ambitious bet on the metaverse
After all, Valhalla is much more than just a game. It is an ambitious project that aims to tap into the opportunity of a metaverse market worth trillions of dollars. According to Grayscale, the metaverse industry could generate annual revenues of $1 trillion, with the metaverse gaming industry projected to reach $400 billion by 2025. Floki is looking to capitalize on this trend with Valhalla, a P2E game that combines elements of Nordic culture with blockchain technology.
The game will feature a unique set of features that set it apart from other offerings on the market. These include a gardening system, in-game characters known as Vera, a robust battle system, a ship system, and an item system. These elements, along with P2E mechanics, will allow players to earn and collect $FLOKI tokens as they explore and engage in the world of Valhalla.
The Valhalla Economic Ecosystem
Valhalla’s economy is designed to be sustainable and beneficial for both players and the Floki project. The $FLOKI token will be the primary currency of the ecosystem, and its use will be integrated into all aspects of the game. Players will be able to purchase in-game items, make transactions, and progress through the game using $FLOKI. This approach not only increases the utility of the token, but also creates a steady demand for it, which could have a positive impact on its value in the long run.
In addition, Valhalla’s treasury has grown to $60 million, providing a solid foundation for the development and maintenance of the ecosystem. This fund will be used to finance improvements, player rewards, and expansion of the game, thus ensuring its viability and attractiveness over time.
The team behind the project
Valhalla’s success depends not only on its concept and gameplay mechanics, but also on the team developing it. Floki has assembled a group of professionals with extensive experience in the gaming industry and blockchain technology. The project is led by MrBrownWhale, a crypto veteran and NFT expert, and Jackie Xu, a blockchain developer with over a decade of experience in the sector.
The development team includes two audio engineers with experience creating soundtracks for platforms like Netflix, an illustrator, a character modeler, an animator, and an art director. It also features two Unity developers with over a decade of experience in the game engine, a game designer and a “lore master” with extensive experience in roleplaying, as well as a quality assurance and quality specialist.
Progress and testing
Despite the delay, progress in Valhalla's development has been significant. The first major version of the game, known as Open World, was released in Q2022 XNUMX and is currently playable on the Optimism Goerli testnet. Players interested in trying out the alpha version can do so by following a few simple steps:
- Install Metamask: Add Metamask browser extension.
- Configure the network: Visit “Settings”, “Networks” and then “Add Network” to configure the Goerli Optimism network.
- Get test tokens: Visit the token faucet at https://faucet.paradigm.xyz and claim a test token.
- Switch to Kovan network: Make sure to switch to the Optimism Kovan network in Metamask.
- Play Valhalla: With test tokens in your wallet, enter Valhalla and explore the world.
This process allows players to experience the game's mechanics and atmosphere before the official release, which is invaluable to the development team as they receive direct feedback from the community.
The community is still waiting
In any case, the delay in the launch of Valhalla until Q2025 2 may be disappointing to some, but it is a strategic decision that seeks to ensure the utmost safety and quality of the game. With a focus on security, a sustainable economy, and a highly skilled team, Valhalla has the potential to become one of the most successful metaverse projects on the market. Floki fans and PXNUMXE gaming enthusiasts can confidently look forward to the official launch, knowing that the team is committed to delivering an exceptional and safe gaming experience.
