Shrapnel (SHRAP)

In-Game Economy

Shrapnel acts as the backbone of the in-game economy, allowing players to trade, sell, or buy in-game assets in the community marketplace.

Player Ownership and Creation

Players have full ownership of NFTs they collect, which can be traded, sold, or used within the game. The game supports a "play-to-own" model where players can create and mint unique skins, gear, and custom maps as NFTs.

Utility and Transactions

SHRAP tokens are used to facilitate transactions within the game's ecosystem, including acquiring vanity items and maps. Players earn SHRAP tokens through activities like surviving matches and creating NFTs.

Governance and Voting

SHRAP tokens grant voting rights on player-created content and certain aspects of the Shrapnel protocol, allowing players to influence the game's future.

Accessibility

Players can buy SHRAP tokens directly using credit or debit cards, making it easier to engage with the game's blockchain features without needing prior crypto knowledge.

Marketplace and Trading

SHRAP tokens can be traded on centralized exchanges like KuCoin, supporting liquidity and market activity for the token.

Gameplay and Features

• Shrapnel offers fast-paced, skill-based team-extraction shooter gameplay with a focus on player-generated content.
• It integrates NFTs seamlessly, allowing players to own, trade, and equip skins, gear, and other in-game assets through an intuitive marketplace.
• The game includes creator tools for community contributions and promises ongoing updates with new features and DLC.
• The inventory system currently feels outdated and awkward, lacking quick-loot options and using slow drag-and-drop mechanics, which can affect gameplay negatively.
• Graphics and mechanics are still being refined, showing potential for improvement with future updates.

Technology and Economy

• Shrapnel is built on the Avalanche C-Chain blockchain, ensuring smooth and secure transactions within its ecosystem.
• Players can earn cryptocurrency through gameplay, adding a rewarding layer to matches and missions.
• The SHRAP token serves as a multi-faceted utility token within the game, used for trading and accessing in-game assets.
• The token has shown strong recent price performance, outperforming some other cryptocurrencies.
• The token supply is inflationary but currently emissions are paused, with a fixed supply in circulation.

Market and Community

• The development team includes award-winning veterans from major gaming franchises, lending credibility and experience.
• The project has received significant funding and industry recognition.
• Community sentiment on social media is mostly bullish, with active discussions and support.
• SHRAP tokens are available on multiple exchanges like KuCoin, with trading volume and liquidity.
• The project is still in early access, and some players report server issues and bugs.

Challenges

• The game and token face market volatility and price fluctuations influenced by supply and demand.
• Recent reports indicate financial difficulties for the developer, including layoffs, which may impact future development.
• Some players experience technical issues and bugs during gameplay.
• The game will be localized for different markets, which may affect content and availability.

In summary, Shrapnel combines competitive FPS gameplay with blockchain-based ownership and trading of in-game assets, offering a unique experience with growth potential. However, it is still evolving, with some current gameplay and technical challenges, and its future depends on ongoing development and market conditions.

Founders of Shrapnel

Shrapnel was developed by Neon Machine, a Seattle-based game studio founded in 2014 by industry veterans with deep experience in AAA gaming and blockchain. The founders include:

• Don Norbury – CTO and Studio Head, previously at Microsoft Games Studios Publishing.
• Colin Foran – Chief Creative Officer.
• Aaron Nonis – COO.
• Mark Yeend – CMO and Head of Marketing and Community, formerly at Microsoft.
• Naomi Lackaff – Head of Business Development.
• Mark Long – Former CEO and co-founder, with a background working on major games for Disney, Ubisoft, and the U.S. Army.

These founders bring decades of experience from major gaming franchises and blockchain industries, shaping Shrapnel into a pioneering blockchain-enabled first-person shooter game.

Investors in Shrapnel

Shrapnel has raised $30.5 million from a diverse group of investors. Some of the notable investors include BasedVC, Daedalus Angels, Digital Consensus Fund, Flying Falcon, and Global Blockchain Innovative Capital. Additionally, other investors are Griffin Gaming Partners, Polychain Capital, Forte, Dragonfly Capital, Double Top, Jason Zhao, IOSG, Franklin Templeton Investments, Tess Ventures, and Brevan Howard Digital. In total, there are 43 investors involved in funding Shrapnel.

These investors come from venture capital firms, angel groups, and investment funds focused on blockchain, gaming, and digital assets.

Shariah Compliance

Shrapnel's halal status is not explicitly confirmed in publicly available detailed Shariah reports, as expert Shariah analysis on Shrapnel is accessible only to subscribed users of Sharlife, a registered Shariah advisory firm. However, Sharlife provides Shariah screening for cryptocurrencies, indicating that such assessments are possible and done professionally.

General Islamic Finance Views on Crypto

Cryptocurrency can be halal if it complies with Islamic finance principles, such as avoiding riba (interest), gambling, and excessive speculation. Many scholars agree that crypto trading and investment are halal when the underlying project and its use are halal, transparent, and free from prohibited elements. Conversely, some cryptos are not halal due to involvement in interest-based systems or unclear financial models.

Specific to Shrapnel

Shrapnel is a blockchain-enabled utility token used within a gaming ecosystem. There is no direct public confirmation that Shrapnel is halal, but since it is a utility token integrated into a game and marketplace, its halal status would depend on the nature of its use and compliance with Islamic principles.

Summary

No definitive public yes or no answer is available for Shrapnel's halal status. It requires expert Shariah screening, which Sharlife offers to subscribers. Generally, if Shrapnel's ecosystem and token use comply with Islamic finance rules, it could be considered halal.