New Wax Studios’ “Music Mogul” Sells Out In Its First NFT Sale

The first batch of 5,000 ‘Pop Genre Artist Talent Packs’ for Wax Studios’ new play-to-earn (P2E) hit Music Mogul has sold out. The upcoming P2E strategy game offers the tantalizing possibility of constructing your own musical empire. The five-tiered NFT packets were snatched up on June 28, 2022, at 10 a.m. PST / 1 p.m. E.S.T.

Each pack was sold for approximately $75 in WAXP, affording purchasers the chance to advance in their pursuit of becoming a Music Mogul of historical significance. Each NFT Pack contains a random assortment of 25 NFTs of five (5) distinct levels (or rarities) ranging from one (1) to five (5) stars.

The levels of rarity are “Busking Novice,” “Bar Gig Battler,” “Live Show Luminary,” “Music Video Maestro,” and “Stadium Superstar.” Given that the game is being created by some of the brightest brains in the industry, especially Mike Rubinelli and his team at Wax Studios, the rush to purchase the packs was not unexpected. After the release of Blockchain Brawlers, Wax Studios has returned with a new original concept that is certain to resonate with the blockchain gaming community.

In essence, the game encourages you to test your abilities as a music mogul, giving you the chance to leave a legacy in the music industry. As the owner of a musical empire, your goal will be to cultivate a broad roster of musicians while experiencing the discovery, production, and cultivation of artistic genius.

Through the ‘Music Mogul Star Maker’ feature of the game, musicians may be made into superstars. Indeed, individuals fortunate enough to receive one of the initial 5,000 bundles will be honing their making abilities immediately.

Wax stated on their Medium channel, “Crafting and boosting star levels will be an integral aspect of your record label empire-building experience, allowing you the ability to enhance your performers and become the king of your own music company. To accomplish this, you’ll need the ideal combination of low- and high-powered artists (many more specifics are forthcoming, so stay tuned).”

The soon-to-be-introduced Power Score Leaderboard will allow NFT holders to examine their inventory scores and evaluate the competition. In this game, Wax Studios promises revolutionary play-to-earn elements that will challenge players to make hourly, daily and weekly strategic decisions.

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Mike Rubinelli, commonly known as “Just Mike,” divulged some fascinating information on Discord. He stated, “The daily gigs will be gated by rarity and genre. The high-level gigs you play will earn you more of a certain currency.
“You will spend that currency to craft a track to enter into the weekly song streaming competition, which is a global charting competition broken out by music genre.”

As in the actual music industry, earnings must be spent on overheads such as renting studio recording time, employing a sound engineer, renting a mixing board, hiring music sessions, and, of course, acquiring further equipment.

Additionally, Mike disclosed that the higher your rank on the chart, the more money you will earn. The more effectively you mix all of your elements, the more likely you are to achieve that coveted number one position.