Star Atlas Publishes Q4 2022 State of the Economy Report
The Star Atlas economy has remained viable despite having to deal with macro headwinds, such as the FTX's collapse in November 2022.
The Star Atlas ecosystem has held up well despite FTX contagion
Star Atlas, a space-themed RPG on Solana, has published a Q4'22 Economic Report presenting an overview of its ecosystem. Despite the project's runway being affected by FTX's fallout, the gaming metaverse has remained viable thanks to its community. Here's the scoop.
Over the last quarter of 2022, Star Atlas' community has seen a 54.8% drop in total wealth, with Ships and ATLAS token prices mainly contributing to the losses. However, the report noted that this has not led to a decline in the ecosystem's population.
On the contrary, the team observed that many new wallets had joined the ecosystem through ship purchases instead. From September 1st through November 30th, 808 new wallets entered the game through POLIS, 3,281 through ATLAS, and 2,583 through ship purchases.
Even so, the aggregate daily ATLAS wages and employment rates continued to fall across the board in Q4 2022. ATMTA Inc., the developer of Star Atlas, has attributed this decline to the ship repricing in July and fleet withdrawals due to crypto volatility in November.
After ATMTA announced its exposure to FTX, a citizen-led initiative was kicked off in the form of a Community Rescue Survey. This has led to the birth of a two-phase recovery plan - The Golden Era Start Sequence - which involved a series of discounted ship sales. By December 2022, the team managed to raise $534,701 in funding to extend the project's runway.
"In summary, the SA (Star Atlas) ecosystem has held up well under the developments of the quarter," wrote ATMTA Inc. "The efforts of the dedicated SA community, supported by stability-enhancing infrastructure, have produced tangible results."
Interested individuals can check out Star Atlas' full Q4 2022 Economic Report here.