Everseed NFT Prices Decline After Demo Hype

Jethro Sandico

Aug. 12, 2022

Everseed is one of the MMO games creating buzz on the Solana Network in 2022. The project is currently being built by gaming studio Amihan Entertainment, a venture-backed company with highly-experienced talents from Riot Games and Blizzard.

The team released gameplay demos in July which impacted the floor price of its NFT collection. We’ll start with the demo and then discuss the NFT price action.

Game Demo

On July 22, Everseed revealed a surprise demo that delighted the community.

Everseed Game Demo

“Yesterday was a BIG day! @PlayEverseed surprised the community by launching an early Demo of the Tower Defense part of the game and let me tell you that it was incredibly fun,” tweeted Everseed supporter Rpain, adding “A smooth experience with great game mechanics and visuals. Can’t wait to play the full game experience.”

The team opened up the beta demo on July 30th, and made it available for players who own an Everseed Ranger NFT. The demo, which ran for a limited time, included a tutorial, as well as some maps to acclimatize players to the game’s environment. 

If you’re curious, you can watch the live demo that Crossmint (fiat on-ramp for NFTs) had via Twitch.

NFT Floor Price

The Everseed Rangers NFT collection has a floor price of 3.33 SOL. The collection of 4.8k NFTs has 2.7k owners. Per the chart below, the floor price increased to 4.89 SOL when the game demo was revealed on July 22nd. Subsequently, it hit the same zone again after introducing a demo to NFT holders on July 30th. This high point of 4.89 SOL attracted an increase in listing (middle red line) which brought the floor price back to the ~3.30 SOL zone.

This team seems to hit their marks and exceed them. They have a robust roadmap that could catalyze another growth in its NFTs’ prices.

Everseed Ranger NFT Floor Price
Everseed Ranger NFT Floor Price. Source: Magic Eden

What is Everseed?

Everseed is a roguelike MMO game under development on the Solana blockchain. 

Everseed

Basically, Everseed’s gameplay designs draw inspiration from modern roguelike games like Slay the Spire, and Hades. Future players will alternate between two types of gameplay:

  1. Players venture out on runs, engaging in tower defense style gameplay to push back enemies and collect resources.
  2. Players return home from adventures to safe shared spaces, where players can socialize and build things with others.

The team is trying to create an addictive game that is long-lasting and accessible to a wider audience. They are adamant about not requiring players to spend money on NFTs in order to play a full game, it’s a feat that will be tough to crack but very rewarding if done properly. We’ll be keeping an eye on this game and provide updates as they make progress.

Amihan Entertainment

Amihan Entertainment is a game studio with former Riot Games developers as the company’s founders. This includes former game designer Naomi McArthur (who left Amihan in June) and revenue lead Kenneth Liu (now CEO). The team’s technology lead is Paul Loy (now Chief Technology Officer).

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