The Play-to-Earn (P2E) revolution has irrevocably changed the dynamics of traditional gaming for the better. Blockchain games have incorporated the P2E model giving players a viable method of monetizing their talent and time. Ever since there has been a swath of blockchain gaming ventures that have fast gained popularity among gamers and NFT enthusiasts alike.
A report by Bitkraft and Naavik estimated that the blockchain gaming industry was worth USD 1.5 Billion in 2021 and has also seen the boom of NFT-based games such as Axie Infinity and Thetan Arena. While these games, like most others, blend the best characteristics of NFTs for in-game collectibles and P2E experiences.
A newcomer in blockchain gaming, FireZard, seeks to lead the niche of Play-to-Earn games with its standout features and immense economic value to its gamers. What is FireZard’s potential and will it lead the P2E economy?
Let us dig right in!
What Makes FireZard Different?
Inspired by Pokemon, FireZard aspires to be the first Trading Card Game in which players can acquire trading cards, differing in price and rarity, as NFTs and use them in battles with other players. The game also passively and instantaneously compensates investors in an appealing manner using NFTs.
Popular blockchain games Axie Infinity and Thetan Arena generated much buzz in the community because of their simple on-ramp to Web 3.0 concepts. The finest and most popular games incorporate crypto principles using an interface that is familiar to users and provides them with a better understanding of what blockchain is capable of.
This is how utility-driven NFT games gain appeal to gamers and reduce churn. FireZard seems to have leveraged the same concept in its game. And despite the fact that they hold a market cap (USD 635,043.16, to be precise) which is merely a fraction of an NFT gaming behemoth like Axie Infinity, FireZard is poised to emerge as one of the biggest participants in the P2E gaming arena.
Let us see why.
The Deal With Lucrative NFTs in P2E Games
Axie Infinity and Thetan Arena reward people with NFTs which are speculative in value. That is, these NFTs, especially in the early phases, are not profitable for gamers given that they take a long time to gain value depending on the popularity and sustainability of the game. In this way, gamers do not know if these supposedly valuable collectibles will have any real-world worth or become desired and sought-after collectibles. In this sense, the gamer will end up losing more money if the NFT and game does not generate demand defeating the very purpose of P2E models.
FireZard seeks to address this by incorporating an instant victory incentive mechanism into FireZard NFTs. Gamers who open one of the NFT packs gain two benefits:
- Retain the actual NFT
- The credit of instant monetary value (in BNB, Binance coin) that is linked to the NFT to the gamer’s wallet
In this sense, FireZard’s NFTs have an immediate value which is free of the market’s demand and supply clutches by rewarding people instantly for what they collect. Thus, FireZard promises a highly sustainably lucrative P2E experience. This is one of the main factors why FireZard is primed for growth and has generated much hype in the gaming community.
Moreover, FireZard features a dual token economy and in-game NFTs with high utility allowing users to earn money by renting out NFT assets or staking to earn passively even when they are not actively playing the game. They are said to provide more use cases for these NFTs within their FireZard dApp.
Key Takeaways
The FireZard community is bullish on the game’s token $ZARD and staked over 100 Million $ZARD in just a few hours of the launch of its staking platform.
At its core, FireZard is a promising game that seeks to simplify the UI and UX in an innovative way with a financially oriented in-game economy.
In this sense, it will emerge a leader and pioneer for instant rewards in the P2E arena.
For more information on FireZard, visit:
Website| Telegram | Medium | Discord | Twitter | WhitePaper
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
