Elderglade represents a legitimate Web3 gaming project with innovative AI-driven mechanics and strong technical foundations. While the project shows significant promise with proper security audits and working mobile game traction, token performance has been poor (-93% from ATH) and team transparency remains limited despite being developed by established studio W3Forge.
1. Project Overview (8 / 10)
Problem Statement
Web3 gaming lacks replayability and engaging long-term mechanics
Blockchain games often prioritize tokenomics over actual gameplay quality
Limited bridge between casual mobile gaming and complex Web3 ecosystems
Hybrid model combining casual mobile match-3 with deep MMORPG mechanics
Cross-platform progression allowing mobile achievements to enhance MMORPG gameplay
Assessment: Elderglade addresses real challenges in Web3 gaming with a compelling hybrid approach. The AI integration for procedural content generation is innovative and could solve the replayability issues plaguing many blockchain games. The mobile-to-MMORPG progression system is well-conceived.
2. Technology Analysis (8 / 10)
Aspect
Findings
Architecture
Multi-chain deployment (BNB Chain, KAIA) with proper smart contracts
Innovation
AI-driven gameplay with procedural world generation and adaptive NPCs
Development Status
Mobile game live with 11M+ users, full MMORPG in development (Q3 2025)
Security
CertiK audit completed with AA security score (87.46), minimal findings
3. Team & Governance (5 / 10)
Developed by W3Forge Studio, established Web3 gaming company since 2021
CEO: Adomas Juodišius (publicly identifiable founder)
Previous successful projects include zkRace (Top 20 IDO of 2021, 165x ATH)
Limited detailed team member information beyond founder
Legal entity: W3Forge registered as Web3 development studio, incubator and accelerator
Governance structure: Centralized development with planned DAO governance for token holders
4. Tokenomics Analysis (6 / 10)
Metric
Details
Risk Level
Total Supply
400,000,000 ELDE
-
Liquidity/LP
25% (100M ELDE)
Low - Strong liquidity provision
Marketing/Ecosystem
17.75% (71M ELDE)
Medium - Reasonable ecosystem allocation
Development/Treasury
12.5% (50M ELDE)
Medium - Standard development reserve
Team
10% (40M ELDE)
Low - Conservative team allocation
Seed
10% (40M ELDE)
Medium - Standard seed allocation
5. Market Analysis (7 / 10)
TAM: Web3 gaming market growing rapidly with increasing demand for quality games
Competition: Competing with established Web3 games but differentiated by AI integration
Positioning: Strong positioning in AI-driven gaming niche with hybrid mobile/MMORPG model
Traction: 11M+ mobile users, $2M+ monthly revenue, successful TGE on major platforms
6. Risk Assessment (6 / 10)
Risk Category
Key Concerns
Probability
Impact
Technical
MMORPG development delays, AI integration complexity