In the gaming industry, Non-Fungible Tokens (NFTs) have emerged as the go-to killer application. In a nutshell: NFTs are a type of asset that is recorded on the Blockchain and represents a digital piece of art, movie, or in-game utility. Metaverses may now turn gameplay assets (such as characters, accessories, and even virtual land) into tradable assets with real world worth, making it possible for gamers to make money with their skills for the first time (a practise known as “play-to-earn gaming”).
- As expected, NFT gaming is undergoing a period of rapid expansion – and more is on the horizon:
- According to Axie Infinity, the largest NFT virtual reality platform with over 2 million daily active users, its NFT sales are expected to reach $3 billion by 2021.
- Hundreds of video games built on blockchain technology allow you to collect NFTs in exchange for rewards.
- Survey results suggest that 58% of the 197 U.S. and UK-based game creators plan to adopt blockchain technology, while 47% have already begun using NFTs.
- Alexis Ohanian, the co-founder of Reddit, predicts that P2E games will account for 90% of the gaming business in five years time.
- Only in December 2021 did NFT metaverse land plots sell for more than USD 300 million.
Metaverses (a market worth up to USD 1.54 trillion by 2030) have been dubbed by Bloomberg as the “where crypto, gaming, and capitalism collide” and as potentially bigger than the internet revolution because of the possible application of NFTs in this space
New NFT metaverse game Edensol is perfectly positioned to ride this convergence of powerful future trends – this innovative game has been developed by Lithuania’s Golem House game studio to attract savvy NFT investors, newbie gamers and the tens of millions of fans of games like Path of Exile and Diablo 3.
In Edensol, four significant components are at play:
Evolving and Exciting Gameplay – Players can choose to play as Mages, Warriors, or Rangers and take on the challenges of epic quests and epic battles to earn NSOL tokens and other NFT tokens.
In the Edensol world, NFTs can be found in the form of characters, special items, and land plots. If you don’t have NSOLs, you can buy NFT tokens on the Edensol market, or you can sell them on the major NFT exchanges like OpenSea and Mintable. Edensol will release limited edition NFTs on a regular basis in order to provide collectors and players with long-term value.
To occupy land and acquire rare NFTs, players form guilds and stake NSOL tokens. As a result, guild members can develop a rich virtual land NFT empire by raiding other guilds’ territories.
Because of the Solana Edge – Edensol’s speed, low prices, and unmatched scalability, it was developed on the Solana blockchain. As low as USD 0.0001, Solana can execute 710,000 transactions per second with practically no cost. Trading NFTs on Ethereum-based exchanges, on the other hand, costs between 2.5% and 5% in commissions on top of gas costs. Additionally, Solana’s daily trading value exceeds $2 billion, making it one of the most liquid cryptocurrencies on the market. Players in Edensoll can now buy and sell as many NFTs as they like, at any time, and for virtually no money at all. Edensol’s gaming metaverse will be able to grow swiftly from the outset thanks to this setup.
For gamers, collectors, and investors alike, Edensol has a unique game and all the benefits of NFTs to offer. Edensol is launching its token sale at the opportune time, with NFTs booming and metaverses emerging as the next frontier in the gaming industry. Become the dominant, unquestioned, and widely recognised NFT metaverse of our time is the simple aim we have set out to achieve.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.