Farcana Studio, an international revolutionary game development studio, is elated to announce the launch of the $FAR token and its listing on the Bybit exchange on 23rd January 2024.
According to the team behind the project, the introduction of the $FAR token is part of Farcana’s commitment to enhancing its gaming experience by harnessing Web3 elements. The launch will go a long way in helping Farcana cement its place in shaping the gaming industry’s future.
The FAR token is a crucial element at the center of the Farcana ecosystem. The token allows players to purchase various items, including Tournament passes (T-Passes), passes with cosmetic rewards, premium NFT Skins, Tournament Entry (T-Entry), and other in-game items and privileges.
Farcana Studio is a distinguished gaming studio based in the UAE. Farcana is a free-to-play hero shooter game built on Unreal Engine 5. Farcana is a one-of-a-kind multiplier online game that leverages web3 technologies. The game has a fully player-controlled economy comprising a marketplace and FAR assets. Farcana integrates blockchain technology with traditional game development for an immersive and seamless gaming experience. Powered by the Polygon blockchain, Farcana focuses on 4v4 gameplay, Bitcoin prizes, and unique character abilities. The game is integrated with an in-game tournament system with an incentive system through the FAR token.
Notably, Farcana has always remained focused and committed to innovation. The gaming platform has a groundbreaking patent covering the Play to Hash concept. Through this technology, Farcana has created a secure and distinctive gaming experience.
Just recently, Farcana Studio launched an airdrop campaign offering players an opportunity to earn free FAR tokens. The campaign allows players to play the game during the recently concluded Open Alpha Playtest. The airdrop received overwhelming numbers, with over 10,000 people joining the campaign within the first two days.
Since its launch, the game has attracted a large following from the gaming community and now boasts over 400k members and 100k player accounts. Farcan’s latest free mint 777 Mars Enigma Vault NFTs on Polygon also received significant traction, recording the network’s top NFT in trading volume. The NFTs reached an all-time high of 1.9 ETH in floor price within the first week after minting.
In addition to gamers, the project has received a lot of support from key investors in the industry. Farcana Ltd managed to raise $10 million in a seed funding round through the support of Fenbushi Capital, Unpopular Ventures, Kapo Capital, Merit Circle, Hasu Capital, Rarestone Capital, Animoca Brands, Polygon Ventures, MMPro Trust, Emchain, and Dravus Investment.
Person: Emma Ali