The new intersection between emotion and blockchain – gaming and cryptocurrency – is gaining traction in traditional realms where players gambled, bought and lost game skins, and spent hours online with nothing to show at the end of the day.
Early blockchain users such as the OPSkins platform realized the need to secure real ownership of digital objects, which later became the WAX platform and non-perishable tokens (NFT) for full service in the form of collectibles, graphics and increasingly popular items such as can be used in games. and on different platforms.
Splinterlands was one of the first blockchain-based offerings to use the popular HIVE (formerly Steemit) blockchain, and has since gone digital ownership of the land. Upland and Uplift World also adopted a gamification model and used NFTs to provide digital land ownership and value transfer between players, often in the form of rent and monopoly style.
The barrier also accelerated change. The popular blockchain game Axie Infinity has appeared in the Philippines. In a country where there is no social support system, many residents have been deprived of their breadwinner due to job loss or job loss. Based on Ethereum (ETH), this Vietnamese game allows players to breed, breed, fight and trade digital creatures called Axies.
More importantly, it allowed players to earn tokens, and while there weren’t large sums, it provided much-needed income for a range of players, from students to grandparents.
In fact, he turned the world upside down. As a veteran crypto manager and former player of the computer platform On Yavin of Cointelligence says, “If my 12-year-old doesn’t spend enough time playing, I quit.” He’s joking, of course, but being a player and a successful member of society is no longer a mutual position.
In 2020, the gaming industry market was valued at a peak of $ 159.3 billion with over 2.7 billion players worldwide. This year’s numbers show growth in demand and spending by 2.81 billion players and a market value of $ 189.3 billion.
This led to a new appreciation for the gaming industry, as games have been lucrative for developers and publishers for years, but the public has been unable to access potential profits. If playing games can be beneficial, it can be beneficial to create games as well. A new concept has appeared in the industry – Initial Game Demo (IGO). This is the latest interpretation of the Initial Coin Offering (ICO) and one of the early adopters of this concept is Seedify.
Seedify describes itself as “a platform incubator focused on blockchain games, giving project innovators and developers the opportunity to obtain funding, community building, partnerships, and a complete support system to drive the future of games and blockchains.”
More information from SEEDIFY here
The platform has captured the passion of gamers with blockchain technology and has created a popular platform for launching games. It follows the rules in full Know Your Customer (KYC), but allows anyone interested in games to easily invest in new games to make money.
The investor buys the original SFUND token on exchanges like Apeswap, Bakeryswap, 1-inch or Kucoin (KCS) and connects the KYC’d wallet to the start plate. There are nine levels of participation depending on the number of tokens a person has. While level 1 has lottery-based settings, all other levels have guaranteed settings.
The investment process itself is simple. Users select the pool they want to invest in, select the IGO project, click the buy button and buy tokens according to the maximum distribution. That’s all. When a token is listed on a decentralized exchange (DEX) and according to the redemption schedule, the symbols are automatically sent to the wallet.
Examples of projects include Seedify Continuum World, a free-to-play game that combines MMO (Massively Multiplayer Online) and farming.
In this game, players will be able to own a piece of this new world by purchasing a plot. To maximize the earning potential of their countries, players will be able to add buildings and resources to level up. Since energy is critical to exploration, solar panels or wind turbines producing energy will be available that can be combined with vegetable and aquaculture businesses to feed Umi, an indigenous population on a continuum.
Territories are NFT codes using the ERC-721 standard. The width of the ground will be fixed, making this a rare asset in the game. On October 1st, the IGO will appear in this game from the well-established gaming company Playchain PTE in Singapore.