Video game publisher MetalCore Foundation has unveiled a new open up-world game that incorporates nonfungible tokens, or NFTs, into the gaming experience, highlighting the continued innovation underway in the GameFi sector.

On Tuesday, the foundation unveiled MetalCore, a massively multiplayer combat game that combines traditional gaming with the GameFi features of blockchain technology. Adult by Studio 369, the game allows players to collect rare weapons, cosmetic meshes and skins that tin can be used in battle and traded as NFTs in an open market.

MetalCore players will take the opportunity to earn in-game rewards and become virtual landowners, through which they'll exist able to mine resources and generate tax acquirement.

The official trailer for the game depicts players piloting war machines against enemy factions to gain control of an alien planet.

MetalCore volition launch its beginning NFT presale in Jan 2022, and a private blastoff for select PC players will be available in the bound.

The team backside MetalCore is comprised of developers formerly of Activision, Disney, Lucas Films, Midway and others. They've besides worked on projects such as Mortal Kombat and Gears of War.

Blockchain engineering is reshaping the gaming industry by assuasive developers to create virtual economies fueled by cryptocurrencies and NFTs. According to David Gan, the head of OP Crypto Capital, gaming will become the get-go industry to bring 100 million active users to crypto.

GameFi, which refers to the financialization of gaming through decentralized finance (DeFi) and NFTs, has already produced two pop titles: Axie Infinity and Decentraland. Both ecosystems are powered by cryptocurrencies with market capitalizations of $eight.2 billion and $v.5 billion, respectively.

Related: Ubisoft volition seek to invest in and create blockchain games

Cointelegraph also reported Tuesday that blockchain venture firm Sanctor Capital has raised $20 1000000 to finance new GameFi projects. Last week, it was reported that Huobi Group, the operating company behind the major cryptocurrency exchange, launched its own GameFi development fund worth $10 million.