Engineering the Future of Gaming: Ethlas IDO on Spores Launchpad!

5 min readJun 22, 2023

Prepare yourself to unlock the limitless potential of Web3 gaming with the upcoming Ethlas IDO on June 25th!

Ethlas engineers the future of gaming. The company builds games and infrastructure tools, unlocking the next level of Web3 experiences. They make Web3 more accessible and safe for both users and companies.

Ethlas aspires to be the Epic Games or Valve of Web3 — great companies who have built lasting impact both through the game titles they create, but also through the gaming infrastructure that they provide to other game companies.

🔷Ethlas Highlights & Milestones

US$8.7M raised in funding by leading venture capital firms from both Web2 and Web3 including Sequoia Capital, Dragonfly Capital, Makers Fund, and more.
Talented founding team comprising tech leaders with experience at leading brands like Google, Microsoft, Grab, , Airbnb, JP Morgan, Okta and DBS. Their diverse expertise spans AI/Machine Learning, Product Management, Blockchain Engineering, Game Development, Design, NFT Smart Contracts, Crypto Security, and Growth Hacking.
Proven Success including 15M+ Gameplays across all games, integrating 30+ Interoperable NFTs on Battle Showdown, 30+ Games powered by Ethlas infrastructure, and most importantly 100k+ Engaged Player Community. The game portfolio features some of the hottest titles in both Web2 and Web3, such as Komo Valley, My Pizza Story, PokPok Protocol, Battle Showdown, and Ethlas Metaverse.
8337 Ethlas NFTs, with an impressive worth of $1.5 million, have been completely sold out.
2.1X increase in community spending propensity, with 90% of new users coming from Web2.
US$400k worth of games partnerships successfully closed.

🔷Ethlas Gaming Ecosystem

Ethlas aims to build a comprehensive ecosystem by leveraging the shared infrastructure elements across its existing portfolio of games. Eventually, they want to be the platform of choice for both gamers and developers to create and explore a wide variety of immersive experiences, while seamlessly integrating with blockchain technology and the benefits it offers.

Games

Battle Showdown: A multiplayer shooter game powered by interoperable NFTs, allowing all NFTs to become in-game assets across web browsers, the App Store and Google Play.
My Pizza Story: A restaurant management and cafe cooking mobile game featuring Ethlas’ genesis Komo NFTs — available on the App Store and Google Play.
Komo Valley: An idle virtual pet simulator mobile game where you can hatch, feed, collect and play with a huge variety of Komos. Inspired by Ethlas’ genesis NFTs — available on the App Store and Google Play.
Ethlas Metaverse: A collection of hyper-casual games where users can win and earn rewards for power ups and items.

Infrastructure

EWS (Ethlas Web3 Services): Developer SDK and tools to help accelerate the adoption of blockchain technology across game studios and web2 companies.
PokPok Protocol: Gamified blockchain options protocol, in development.

🔷Ethlas IDO Timeline

VIP Round: 25th June, 10:00 am UTC => 26th June, 10:00 am UTC (24 hours)
Triple Limit Round: 26th June, 10am UTC => 26th June, 11:00 am UTC (1 hour)
FCFS Round: 26th June, 11:00 am UTC => 27th June, 11:00 am UTC (24 hours)

🔷Ethlas IDO Details

Token Name: ETHLAS
Token Symbol (Ticker): $ELS
Chain: Ethereum
Initial Supply: 3,750,000
Initial Market Cap (Excluding Liquidity): $621,000
Total Supply: 350,000,000
Fully Diluted Value: $105,000,000
IDO Price: $0.3
TGE Date: 28th June
Listing Date: 28th June
CEX/DEX: Gate, MEXC
Market Maker: GSR
Vesting Schedule for Public Round: TGE 20.00%, then 20% every 3 months

🔷How to Join the Ethlas IDO

Step 1: Register for the IDO To be eligible for IDO participation, please click this link: https://launchpad.spores.app/ido/ethlas-ido
Step 2: Receive Email Confirmation After the whitelist closing time, Spores Network will notify you of your Tier Confirmation at least 12 hours before the sale.

🔷Ethlas Backers & Investors

Ethlas has the support of top players in the industry, including Sequoia Capital, Dragonfly Capital, Makers Fund, YGG Sea, Infinity Ventures, Global Blockchain Innovative Capital, Coinbase, Blockchain Space, Play It Forward and more.

Ethlas has partnered with big corps in both Web3 & Web2 industry, including Polygon Foundation, where Ethlas was featured in the Polygon-Grants Hackathon 2021, NTUitive Multi-Discriplinary Team (MDT) Project Fund, a startup grant from National Technology University(NTU), Singapore, Hustle And Bustle, Grab, CoinMarketCap, Switcheo, Bukalapak and more.

🔷Ethlas Team

Ethlas has a core team of members who boast a wealth of experience from tech giants like Google, Microsoft, Grab, Airbnb, JP Morgan, Okta and DBS. They bring their experience in scaling apps and understanding user preferences to the Web3 space. Their CEO and co-founder, Wui Ngiap Foo, was the former head of technology at Grab Holdings. He now leads a team of 20 passionate game builders spanning Singapore, the Philippines and the United States.

🔷Ethlas Tokenomics

$ELS token is a utility token that powers the Ethlas blockchain game ecosystem. $ELS will be utilized on Ethlas Portal to unlock features for infrastructure tools on EWS, in-game purchases and perk and voting on the evolution of Ethlas.

🔷 Ethlas is under Spores Network’s 24-Hour Secured Feature

Project Official Links:

🌐 Website | 🐦 Twitter | 🔉 Discord | 📚 Whitepaper

About Spores

Spores Network is a leading multi-chain launchpad for IDOs and INOs, committed to supporting high-quality web3 projects with comprehensive solutions that go beyond funding. Join Spores as we revolutionize the world of decentralized finance and empower the next generation of creators and entrepreneurs to achieve their goals.

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