Categories: Market

NFT development leads to the launch of many new NFT games

After the success of NFT, many related areas have developed in this area. NFT gaming is fast becoming a big topic in the crypto world. It has created a space for people to monetize their creativity and showcase their own talents.

Game NFT Knight War Spirits

NFT growth leads to the introduction of many new NFT games

One such success story is the NFT game Axie Infinity. Developed by the game Sky Mavis, it is about collecting creatures called Axies that can be exchanged between players. This simple premise has allowed players around the world to join in and start trading their own Axies. This has skyrocketed the symbolic price of the project and allowed people to make a living from it.

After the popularity of Axie Infinity, many other NFT games emerged in the NFT gaming community. Although no one has been able to repeat the success, they have managed to make a place for themselves in the community. One such game is from Oasis Metaverse Studio, Knight War The Holy Trio.

Another game is Knight War. Based on the premise of defending with one of three heroes, it plans to seamlessly merge the idle defense game genre with NFT technology. The Mighty Knights, The Sharp Archers, and The Clever Mage are old earth soldiers. Based on Kahlla’s dream world, players must go on a mission to defeat the devil by creating incredible devices that can help the Alliance overthrow the devil. The story takes shape with the Great Meteor Shower that leads to the birth of the Knight’s War. Players can play and earn in-game items and currencies that can be exchanged for real currency.

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The NFT IDO game will launch on two platforms

The first Def-2-Earn game recently announced an Initial Dex Offering for its native token KWS (Knight War Spirits) scheduled for September 26 at 9 a.m. UTC. Unlike other launches, the studio plans to launch on two platforms at the same time. So it will be on both the Red Kite and BSC stations. While it can divide your community, it can also have a positive impact on fundraising. The introduction on both platforms will allow community members to choose their preferred platform, which they will use when IDO launches on April 26th.

An NFT IDO game has several advantages for a blockchain project. Some of them are:

Fast liquidity

The liquidity of the token is very important. If a token doesn’t offer quick liquidity, it can be disastrous for its value. A liquidity pool ensures liquidity without slippage at all price levels. In order to enable token swaps in the liquidity pool, the project first needs tokens with a certain value in order to gain liquidity.

Can act immediately

Investors began trading the project’s token as soon as it was released. In IDO, early token buyers can sell their tokens at a higher price. Since price volatility starts right after the first buyer buys, those who buy early will make significant profits.

Low fees

If the project’s tokens use a liquid exchange, installing a new smart contract will cost only a few dollars in gas fees. The smart contracts also control the asset token and the liquidity pool.

Efficient and secure fundraising

Unlike traditional fundraising methods, the introduction of the NFT IDO game allows for instant tokenization and liquidity. Initially, retail investors buy a large number of tokens at a reduced price. In addition, the value of the token increases when it is sold to the public.

Since Knight War IDO operates on two fronts, it is possible to double the rewards. In combination with this, it can also reach a significantly larger audience than the other way around. On the other hand, it can also be doubly problematic to control the start on two fronts.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.