PlatoFarm has received new funding from BlockVenture, the major venture capital firm.

The firm announced Wednesday on Twitter (NYSE:) that it raised $3 million, bringing Plato’s total valuation to $300 million.

Apart from BlockVenture, the funding round featured major crypto investment firms like Chronos Ventures, Cipholio Ventures, ZBS capital, Chain Broker, CryptoDep, Vadym Piholenko, OP Crypto, K&R, Formless Beta, Gagarin Crypto, Crypto Media, Top 7 ICO, Block Patch will be launched on Tokensoft for IDO.

Plato Farm is an NFT game that supports HRC721、HRC1155 and ERC1155 protocols. To earn MARK tokens and PLATO tokens, players will have to grow plants and raise livestock. These tokens can be combined with NFT items that transform the barren area into a bustling metropolis. You can create your own guilds to make money and play while earning.

Plato Farm takes its name from the ancient Greek philosopher Plato (Πλατών, 427 BC – 347 BC). He was a great philosopher in ancient Greece and Western culture. In Greek, the word Platus means “flat, expansive”, etc.

Plato’s book The Republic depicted a vision of a justice state. It was a small state, with a view of the entire country from the top of the city. The people also know one another face-to-face. Plato believed the creation of the state was through the division and division of labor. Plato was the name we chose for our project.

Plato Farm is, in simple terms, about creating your own utopian virtual world with labor, ingenuity, wealth and contacts. It also enables you to build social networks, create organizations and form a more effective system for social functioning. Plato Farm allows you to do all of this step-by-step.

Unified Social Operations System
Plato Farm has a dual-token system: Plato (or MARK), where Plato, the most valuable token, is in circulation. MARK is fixed in issuance. Plato tokens total 100 million. Plato tokens must be released according to strict rules. They are all locked in smart contracts and are only available for three years.

MARK stands for point collection. The public beta has 1 billion MARK tokens. 28800 MARKS can be produced in each block. They are made in Heco. After 3 years, production will end. MARK’s initial price is 0.0001U.

Plato Farm’s economic systems are all based on ecological value. That is, the more players participate in the game, the more products they produce, and the larger the system’s economic system, the higher the player’s earnings in the Plato ecology.

MARK production is fast in this game, but the MARK burning and consumption process is efficient throughout the entire game ecosystem. The game includes nearly all of the business procedures.

• Burning & consumption scenario one: using MARK to buy props and seeds, cattle, sheep, pigs and chickens, and other animals, production materials, etc.

• Burning & consumption scenario two: burn MARK when NPCs sell props.

• Burning & consumption scenario three: burn MARK in the game, such as paying the ransom for being caught stealing vegetables, participating in farm contests, etc.

In Plato Farm’s game ecology there is no real dealer. The smart contract has been reviewed and approved by security firms.

An Experiment in Social Science Based on Metaverse. Not just a Game Chain
The Plato Farm’s mechanics are inspired by The Republic’s social systems, which is evident from the project name. The only difference is that the process of project development will make it faster for The Republic to be constructed and differentiated. This would otherwise take many years. Plato only requires a few months before changes can be made. Plato Farm’s economic health will be used as a social experiment in order to determine the viability of The Republic, which Plato envisioned.

Plato never actually implemented the regulations and The Republic in his own life. The real world is characterized by the use of the backup plan, which allows countries to rely on their constitutions for governance. Plato views the notion of the unchanging in The Republic as the ultimate and only truth. Therefore, our project has the rules that are written into an unchanging intelligent contract. This guarantees fundamental fairness, justice, and equity for the social system.

Justice is the ability to do what is right for the state. Each individual can only perform the work relevant to the state that is most suited to him. Therefore, each person can only do the type of work that suits him best, regardless of age, gender, status, freedom or slavery, or whether he’s a ruler, craftsman or ruler.
“The Republic” by Plato

On the basis of this, players can choose their role of ‘Farm’ in the game and are able to produce the appropriate means of production to meet the needs of society. There are currently almost 20 different means of production in the game’s ecosystem, each of which plays an important role in Plato Farm.

Plato purchases and configures the most important production equipment and assets, while MARK purchases and consumes production materials and seed. These production outputs can be purchased by players for their production requirements. You can also sell your production to NPCs that need income from the game.

The purpose of having so many production material and assets is to make them all indispensable and interdependent. We also know that

Social is created because it’s impossible to control the complex production process on your own. Plator Farm, a nation that uses blockchain technology to bring together a few human beings through the Metaverse concept and Blockchain technology is how Plator Farm works. Plato Farm is an economic experiment that demonstrates the feasibility of creating a nation.

Plato Farm offers a democratic remedy for evil deeds
DAO governance is used in macroeconomic regulation to improve the distribution of profits, and ensure that the system continues to develop and improve for the greater good of all participants. Plato Farm’s DAO functions as a constitution. The DAO determines how the project benefits are distributed and gives the rights to project governance. Because the project is almost completely decentralized at the beginning of the game, the project owner does not interfere directly with any actions in the game’s ecology and all ecological development takes place naturally. Only game optimization and bug fix are the responsibilities of the project team.

The DAO allows the player to make macro adjustments to any unreasonable behavior in the game, and there are also micro penalties, such as “MARK” fines for stealing crops.

Plato Farm’s monopoly system allows players to boycott the buying or selling of production materials. The cycle of production materials within the ecosystem is interconnected and makes it almost impossible for one person to accomplish all stages of production independently. The game allows players to have input, but the prices of the materials can fluctuate. The players must be able to match their competition, who may grow similar crops and all the buyers that are part of the ecosystem. To maximize their profits, they must adjust their production strategies in time.

The player’s strategy is very simple. You can create maximum value as a farmer who is hardworking.

Summary
Everything about the mechanics of Plato Farm fits Plato’s definitions of speculative citizenship, the division of labor, and justice in The Republic. Plato Farm also offers players the opportunity to uphold justice and increase revenue in the game, as well as the right to ‘participate’ in politics as citizens of the Plato Farm metaverse.

The money and resources of players can be used to recruit more players and monopolize the game. They also have the opportunity to build a nation as a social experiment. Trade unions as well regular players will find the best ways to generate revenue and take on social roles. Plato Farm is a great business simulation that demonstrates the Metaverse concept.

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