On a path to make NFTs and metaverse more convenient
NFT craze goes on, Play to Earn guidelines for a more satisfied community
Dear fellow gameFi and metaverse community, in this issue we will cover relevant innovations that will help to facilitate newcomers in this space. Intermediaries are going to be cut off so instant NFT purchases can be executed.
However, due to a sudden expected large increase in NFT and metaverse users, we will reveal you some fundamental guidelines that help to reward the community more fairly and quicker in order to achieve user satisfaction and firms’ long-term sustainability thanks to the right implementation of newly advanced blockchain technologies.
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Balancer: an Ethereum, Polygon and Arbitrum - Based Automated Market Maker Protocol
MoonPay - Buy NFTs with a credit card
So here it comes, one step closer to make an NFT purchase the easiest possible. MoonPay has enabled users to simply buy NFTs with a credit/debit cards, cutting unnecessary steps where beginners find it difficult to get on with (download a non-custodial wallet, sign-up a new account on CEX, transfer crypto back to the wallet and so on)
Solana NFTs coming on OpenSea
OpenSea is moving the way forward by bringing Solana NFTs to their ecosystem. The firm is also working on the compatibility of Phantom wallet wallet into OpenSea’s network.
This means that some of the popular Solana NFT collection such as Degenerate Ape Academy will most probably skyrocket the floor price once it becomes available to OpenSea.
The total NFT trading volume of Magic Eden and Solanart, the current marketplaces where you can mint Solana NFTs, is equivalent to just a 3% of all NFT trades on OpenSea.
Source: altcoinbuzz.io
5 keys to build gaming blockchain communities that last
Usually, many people who are new in this space want to immediately find out blindly the next Axie Infinity. However, before looking for the hottest P2E games, it is crucial to know the basic rules of what makes the company truly valuable and what is their commitment that will keep the players active and trust the companies’ incentives. Here are the rules:
Build a game that people want to play
Keep it real
Slow and steady
Learn from Others’ Experiences
If it doesn’t exist, build it yourself
Pegaxy, one of the newest gameFi titles, is a nice example of a firm that are following the rules mentioned above. The company heavily invests in community because they know that a real professional with lots of knowledge who offers 24/7 support will make a huge difference compared to others that invest less.
Source: beincrypto.com
Furthermore, Pegaxy is also aware that a slow and steady growth is key to maintain long-term success. The gaming firm has done so by introducing cool-down mechanisms, ensuring that NFTs don’t flood the market in just a few weeks.
Play to Earn needs to focus on privacy and scalability
An optimal Play to Earn does not only rely on community efforts but also constantly looking for a suitable blockchain which offers the most advanced technologies, supporting both privacy and scalability.
The reason for that is because there has been a massive growth since 2021, totalling $28 billion in market cap. Hence, firms like Horizen has announced the need to build a next generation blockchain that tackle the barriers of privacy and scalability. Before we explain these two definitions, check here the roadmap Horizen has in store for 2022.
Source: horizen global
Privacy challenges
This one is huge because it is always possible that personal data is being mishandled or stolen. Firms need to be careful how they collect personal information and avoid cheating by creating multiple accounts. So the solution to this issue is to validate players’ identities while protecting their privacy.
Currently, Horizen is applying the zero-knowledge proof technology known as zk-SNARKS to allow transactions that happen on its many sidechains to be validated on the main chain without the main chain nodes knowing the details of the transaction.
Scalability challenges
The demand for in-game rewards is high and the long waiting time is making players frustrated. Of course, the more the players become successful, the higher the transaction fees and networks become overloaded.
Horizen has solved this matter by letting developers create their own side-chain application, so they do not need to compete with others for the bandwidth on the same chain.
Ertha - Second most mentioned P2E token in the last 30 days
We have mentioned Ertha the first time on 23rd December (check here), just before the IDOs on multiple launchpads such as GameFi and Seedify.
We felt that Ertha has really unique values that solve real problem issues, and as you can see, it has triggered the interest of the public and thus resulted a 58% increase during the Bitcoin dip. Currently it sits just at above $20 M market cap, so Ertha is still in early stages before it reaches full potential.
It has been obvious that people were seeking a metaverse where someone can express his or her freedom in a political or environmental context. Here is the full list of the most mentioned play to earn tokens, where Ertha has earned a strong 2nd spot.
Source: cryptorank.io
Spintop, the platform where you can learn and track the development of new P2E titles has also Ertha as one of the highest rated projects under the community recommendation section.
Source: spintop.network
Metacity - The first blockchain-based city builder on BSC
Metacity is a metaverse where users can build a customized space on their own terms. For example, individuals can earn CITY tokens, buy a car, own a pet or build your own home. The infrastructure makes it even more complete with the ability to buy, sell, rent, design, build and on top of that earn high interest APY on liquid assets.
Source: medium.com
Major innovations and upcoming events
👑 Metajuice - the first blockchain company launched by a metaverse
👑 Alethea NFT - intelligent train to earn NFT hub
👑 Bullieverse - community owned platform for arcade games
👑 Sandbox - Warner Music Group - music themed metaverse
👑 Cross the Ages - new gaming metaverse
👑 Flux joins Nvidia inception program
👑 Wizardia - novel NFT economy
👑 Metagamehub - collaborative NFT governance
👑 Monthly NFT volume reaches all time high
👑 Metaverse in the food industry
👑 Challenges of metaverse interoperability
👑 Sandbox - 50 million accelerator fund for metaverse start-up projects