Blockchain Game Explainer: What is SecondLive

Data Source: SecondLive Dashboard

Author: lesley@footprint.network

What is SecondLive

SecondLive serves as a central hub for Metaverse residents, boasting a thriving community of over one million users. Its primary mission is to empower individuals to express themselves, nurture their creative instincts, and collectively construct a vibrant parallel universe. Notably, Binance Labs has made substantial investments in SecondLive, recognizing the team’s proficiency in crafting virtual spaces for major events and establishing critical Metaverse infrastructure.

SecondLive

Leveraging the power of user-generated content (UGC) and AI-generated assets, SecondLive is poised to pioneer a Web3 open Metaverse that caters to the needs and aspirations of a staggering one billion individuals. In this dynamic environment, the possibilities are boundless, offering a glimpse into the future of interconnected digital realms.

Introducing the SecondLive Team

SecondLive, a pioneering venture backed by Binance Labs, boasts a team of experts dedicated to the creation of immersive virtual environments and the development of essential Metaverse infrastructure. This strategic investment by Binance Labs underscores the growing importance of the Metaverse in the world of technology and finance.

At the helm of SecondLive is Philip Rosedale, a prominent American entrepreneur renowned for his founding role in Linden Lab, the company responsible for the iconic virtual world, Second Life. Rosedale’s expertise and experience in the virtual space arena position SecondLive as a promising player in the burgeoning Metaverse landscape. With Binance Labs’ support and Rosedale’s visionary leadership, SecondLive is well-positioned to shape the future of virtual reality and Metaverse infrastructure, opening up new avenues for innovation and collaboration on a global scale.

Data of SecondLive

Blockchain game data analysis is critical for investors, developers and players. Today we will track the

It helps investors evaluate a game’s performance and potential returns. Developers can use it to improve game features and user experience based on player behavior. For players, it ensures transparency and fairness in game mechanics and the value of their assets, such as non-fungible tokens (NFTs).

As a result, it promotes informed decision-making and trust among all stakeholders.

User Metrics

User metrics are key indicators of a game’s performance and health. They include data such as daily active users (DAU), monthly active users (MAU), retention, and churn.

SecondLive Active Wallets

Following a modest peak in the blockchain gaming market towards the end of December 2023, the number of active wallets on the Binance Smart Chain (BNB chain) has seen a slight decrease.

Engagement Data

Engagement data refers to the depth of a player’s interaction with a blockchain based games. It includes metrics such as transactions, trading volume, frequency of play, and in-game actions.

This data is critical for developers to understand player behavior and preferences so they can optimize the game for better engagement.

SecondLive Weekly Retention Analysis

With a relatively high retention rate, SecondLive has successfully cultivated a stable user base.

Token & NFT

Tokens and non-fungible tokens (NFTs) are unique aspects of Web3 games. Tokens often serve as in-game currency, while NFTs represent ownership of unique digital assets within the game.

Analysis of token and NFT can reveal economic trends within the game, helping developers balance the in-game economy and investors assess the financial health of the game. For players, tokens and NFTs provide opportunities for real-world profit, making the game more than just an entertainment platform.

The SecondLive economic system comprises two distinct tokens: LIVE, the governance token, and Bean, the incentive token. LIVE, also known as the SecondLive Token, serves as the cohesive force uniting all members of the SecondLive Community and functions as the platform’s governing token.

On the other hand, Beans play a pivotal role in incentivizing diverse user activities on the platform, such as managing spaces, engaging in gaming experiences, content creation, task completion, and participation in operational events. Users who hold Beans have the opportunity to engage in staking and receive LIVE tokens in return. This dual-token system empowers our community members to actively participate in and benefit from the SecondLive ecosystem.

Use Footprint to Get Blockchain Game Data

Footprint Analytics provides a comprehensive blockchain data that enables analysts, developers, and investors to transform raw blockchain data into actionable insights.

Features include:

  1. Use structured tables to present data in an organized and efficient manner.

  2. Achieve zero-coding analysis through a seamless and easy-to-use approach.

  3. Gain access to rich game data for a holistic understanding of your metrics and insights.

In addition, Footprint offers specialized analytics for blockchain game developers.You can explore more on our Footprint Growth Analytics page, or you can schedule a demo meeting to know more about the solution.

Footprint Analytics is a blockchain data solutions provider. It leverages cutting-edge AI technology to help analysts, builders, and investors turn blockchain data and combine Web2 data into insights with accessible visualization tools and a powerful multi-chain API across 30+ chains for NFTs, GameFi, and DeFi.

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