Star Atlas (ATLAS)

In-Game Currency and Transactions

Star Atlas uses the ATLAS token as its main in-game currency. Players use ATLAS to buy ships, weapons, land, mining equipment, and other assets. It also covers operational costs like ship repair, refueling, and consumables.

Digital Asset Ownership and Marketplace

Players can own digital assets such as spaceships, land, and equipment as NFTs. These assets can be bought, sold, or traded in the Star Atlas marketplace or peer-to-peer, giving players true ownership of their in-game items.

Play-to-Earn Economy

Star Atlas offers a play-to-earn model where players earn ATLAS tokens by completing missions, mining resources, crafting items, and engaging in interstellar trade. These earned tokens can be converted into other cryptocurrencies or real-world value.

Strategic Gameplay and Metaverse Interaction

The game combines space exploration, strategy, and role-playing in a massive multiplayer online environment. Players manage fleets, form alliances, and compete for control of territories in the galaxy of Galia.

Blockchain and Governance

Built on the Solana blockchain, Star Atlas ensures fast, secure transactions and a serverless gameplay experience. While ATLAS is used for transactions, the POLIS token governs the game’s decentralized ecosystem, allowing players to influence its future development.

Advantages

• Star Atlas offers true ownership of digital assets through blockchain technology.
• It uses the Solana blockchain, which provides high speed and low transaction costs.
• The platform features decentralized governance, allowing players to influence the game’s development.
• It has a play-to-earn model where players can earn real crypto rewards.
• The game includes immersive, high-quality graphics powered by Unreal Engine 5.
• Star Atlas supports a vibrant in-game economy with NFTs representing ships and equipment.
• It has a growing community and increasing adoption among gamers and traders.
• The dual-token system (ATLAS for transactions and POLIS for governance) enhances player participation.
• The platform integrates smart contracts for trustless and transparent transactions.
• Star Atlas allows players to form alliances, build space cities, and manage micro-economies.

Disadvantages

• The price of Star Atlas tokens can be volatile and has experienced declines.
• Trading on non-Solana chains may involve high slippage due to low liquidity.
• Storing tokens on exchanges is less secure compared to hardware or software wallets.
• MetaMask does not support Star Atlas, limiting wallet options for some users.
• The project faces competition from other blockchain games and metaverse platforms.
• Some users may find the complexity of the dual-token system and governance challenging.
• Liquidity and trading volume can be limited on some exchanges.
• The game and token value depend on continued user growth and engagement, which can be uncertain.

Founders of Star Atlas

Star Atlas was founded by four key individuals:

• Michael Wagner (CEO): Before Star Atlas, he worked at a venture capital fund and Multichain Ventures, a company focused on blockchain products.
• Pablo Quiroga (COO/Chief Revenue Officer): He founded a supplement startup and worked in biotechnology before co-founding Star Atlas.
• Danny Floyd (Chief Product Officer)
• Jacob Floyd (Chief Technology Officer)

These founders bring experience from gaming, blockchain, biotech, and entrepreneurship to build the Star Atlas metaverse.

Key Investors

Star Atlas has attracted investment from a variety of notable investors including Alameda Research, Animoca Brands, AngelDAO, Artemis Capital, Big Deal Ventures, Digital Strategies, Token Ventures, Master Ventures, Tagus Capital, and Yield Guild Games.

Investment Highlights

• Animoca Brands purchased over $3 million worth of Star Atlas NFT spaceships as part of the Galactic Asset Offering.
• Yield Guild Games invested $1 million in Star Atlas assets and plans to deploy thousands of players into the game.
• Alameda Research and Tagus Capital are among the investors involved in multiple funding rounds.
• Star Atlas has raised around $7 million from 36 investors across several funding rounds.

Investor Types

Investors include venture capital firms, blockchain-focused funds, gaming guilds, and strategic partners interested in blockchain gaming and metaverse projects.

Halal Status of Star Atlas

• No definitive ruling available: There is no specific information confirming whether Star Atlas is halal or haram.
• Depends on Shariah compliance: The halal status of crypto tokens like Star Atlas depends on factors such as the blockchain's purpose, value proposition, and alignment with Islamic principles.
• General crypto perspective: Many scholars consider some crypto assets halal if they meet Shariah requirements, but each token must be assessed individually.
• No explicit certification: There is no mention of Star Atlas having a Shariah certification or being verified as halal by Islamic finance experts.