Web3 game asset trading is being restructured, @OvertakeWorld is one of the most noteworthy projects in this direction.

Founded by a team from traditional gaming trading giants, the goal is to create an on-chain version of Steam + Taobao. Here is the complete analysis:

—

1/ Background and Team

@OvertakeWorld was founded by the core team of trading platforms like ItemBay, PlayerAuctions, and ItemMania, with past annual trading volumes exceeding 1 billion USD and serving over 30 million users.

They are not an experimental startup team but are bringing a mature model onto the chain.

—

2/ Technical Architecture

– Based on @SuiNetwork, supporting high speed, low cost, and parallel processing

– Multi-sign escrow contracts ensure the safety of P2P transactions

– Integrated Immutable Passport for one-click login + automatic wallet generation

– In the future, it will support fiat currency inflows and outflows, allowing Web2 users to access without barriers

—

3/ POP + AP Incentive Mechanism

– Players can earn POP (non-transferable SBT medal) and AP (achievement points) by completing tasks

– AP determines the future amount of $OVT airdrop

– Not relying on ranking manipulation or early grabs, but emphasizing genuine participation and long-term value

—

4/ Game Ecosystem Development

@OvertakeWorld does not create a shell platform; it has launched three chain games:

– Somnis: Rumble Rush

– Golden Guardians

– The Red One: Occultation

Somnis has a closed beta retention rate exceeding 83%, far higher than the GameFi average.

—

5/ Strategic Partnership Network

– Immutable strategic investment and technical integration

– Forming ecological synergy with OKX Wallet, CARV, Portal, etc.

– Infrastructure building based on Sui, with the official previously introducing its technical model in detail

– Has formed a closed-loop cooperative relationship with the traditional market PlayerAuctions

—

6/ Token Economy and Roadmap

– The native token $OVT has not yet been publicly issued

– The token will be used for transaction fees, item synthesis, platform governance, and staking rewards

– Airdrops are strictly tied to POP and AP scores, with a relatively healthy mechanism

– The token whitepaper will be officially released in Q4 2024

—