What is SHRAPNEL Token (SHRAP)?

Quick Facts

• Token name: SHRAP
• Game: SHRAPNEL — a first-person extraction shooter
• Developer: Neon Machine
• Blockchain: Avalanche (with a dedicated subnet)
• Token type: Utility and governance token
• Listed on: Epic Games Store
• Engine: Unreal Engine 5
• Awards: Six industry awards earned by the team

Introduction

SHRAPNEL is a AAA first-person extraction shooter built on the Avalanche blockchain. The game blends high-end, console-quality visuals with a player-owned economy, allowing players to create, own, and trade in-game assets as NFTs. SHRAP is the single token powering the entire ecosystem.

History & Background

SHRAPNEL was created by Neon Machine, a Seattle-based studio founded by veterans from acclaimed franchises including Bioshock, Ghost of Tsushima, Halo, and Star Wars. The studio secured $20 million in Series A funding to advance the project. The game entered early access via the Epic Games Store and has run several timed playtest events (STX rounds) to gradually expand its player base.

How SHRAPNEL Token Works

SHRAP is deployed on the Avalanche network and operates within a dedicated Avalanche subnet designed for low-latency, in-game transactions. The subnet allows SHRAP to act as a gas token, subsidizing validator fees so players enjoy an effectively gasless experience.

Players earn SHRAP by surviving matches, creating content, and engaging with the community. The token is then spent to publish player-created content (PCC) — such as skins, maps, callsigns, and vanity items — permanently on-chain as NFTs.

Tokenomics

SHRAP follows a single-token economy model, meaning one token handles utility, governance, and exchange. The distribution is structured across pools including community rewards, team and advisors, seed holders, ecosystem fund, and liquidity — with the largest share allocated to the community. The unlock schedule is non-linear, starting with lower emission rates and accelerating as the player base and token utility grow.

Ecosystem & Use Cases

SHRAP serves several roles within the SHRAPNEL ecosystem:

• Publishing: Used to mint player-created assets as NFTs on-chain.
• Governance: Token holders vote on DAO and sub-DAO proposals, as well as on which player-created maps and content get promoted.
• Marketplace: Acts as the medium of exchange on the SHRAPNEL Marketplace, where players buy, sell, and trade assets.
• Gas token: Powers the Avalanche subnet's validator network, keeping fees low for end users.

Team, Governance & Community

Neon Machine's team brings together designers, producers, artists, and programmers with decades of combined experience in AAA gaming and blockchain. Governance is structured around a DAO model, where SHRAP holders vote on content curation and key protocol decisions. Community members can take on roles as gamers, creators, curators, or landowners — each earning SHRAP in different ways.

Advantages

• True asset ownership: In-game items are minted as NFTs, giving players verifiable, tradeable ownership.
• AAA production quality: Built with Unreal Engine 5, matching the visual standards of top-tier game studios.
• Low-friction onboarding: Fiat-to-SHRAP purchases are available via credit or debit card through Moonpay and Stripe.
• Gasless gameplay: The Avalanche subnet design subsidizes transaction fees for players.
• Established team pedigree: Developers with proven track records across globally recognised game franchises.

Risks & Challenges

• Early-stage game: The game is still in early access, and full release timelines may shift.
• Web3 adoption friction: Blockchain gaming remains a niche segment; mainstream player adoption is not guaranteed.
• Token unlock schedule: Vesting and unlock mechanics can create selling pressure over time.
• Competitive market: The gaming industry is highly competitive, and blockchain titles face scrutiny over gameplay quality vs. economic incentives.

Long-Term Vision

SHRAPNEL aims to become a leading Web3 gaming platform where the line between player and creator is seamlessly blurred. The long-term roadmap focuses on expanding the creator ecosystem — enabling players to build and monetize custom maps, skins, and game modes — while growing a robust, community-governed economy powered entirely by SHRAP. The studio envisions SHRAPNEL as a proving ground for how blockchain technology can elevate, rather than complicate, mainstream gaming.