Kuala Lumpur, Malaysia, January 19, 2023 /PRNewswire/ — Footiverse, the football fantasy league metaverse, recently made its foray into the NFT space with the launch of the FootiverseNFT collection on New Year’s Eve. His utility-driven NFT, Footiverse, seeks to build a sustainable NFT ecosystem by continuously adding features and practical perks, not just hype. To further this mission, Footiverse aims to launch its Game-fi (intersection of gaming and finance in an environment driven by blockchain and his use of NFTs) platform in the third quarter of 2023. increase.
NFTs, digital assets that live on the blockchain, are popular for their uniqueness and community-empowering nature. While incentives and popularity can greatly increase the value of his hype-driven NFTs, this also generally means that they have a very short lifespan compared to their web 2.0 counterparts. The hype emphasis in marketing and value creates a thinking vacuum given to long-term plans to build a thriving NFT ecosystem and community.
For example, the average holding period of an NFT is gain From 30.9 days to 47.9 days between Q1 and Q2 2022.This means that the average holding period is 5.5 monthsBy making the value of NFTs less dependent on hype cycles and market volatility, Footiverse aims to achieve holding parity and redefine NFTs as long-term investments.
“Footiverse’s main strategy to maximize user engagement is to gamify NFTs. Web 3 games open up new opportunities in play-to-earn systems and further stimulate user activity. However, many Web 3 games use predatory techniques such as locking rewards and progression after hours of playing to create artificial activity and demand. To combat this, Footiverse focuses instead on passively generating most of its usefulness and value using simple, interactive systems that do not require daily input from users. I guess.,” Said Alvin Leonco-founder of Footiverse.
One feature that allows users to earn passive rewards is the Footiverse Dream Coach. Participants can also accumulate points based on the performance of Dream Her team players. These points are calculated based on individual player stats in each game. For example, goals, assists, passes completed, etc. Final scores are aggregated and updated weekly as summarized below.
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Participants compete with teams in leagues to win prizes or participate in the Footiverse Fantasy League.
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Participants complete sets for players to earn additional bonuses, trade with other players to complete sets, and build teams.
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Earn royalties by owning or creating your first NFT.
There are two loyalty systems that reward players for their productive engagement with the market. The first stream rewards the user who is the original owner of the player’s card and entitles the user to loyalty on all subsequent transactions. The second stream will allow users to generate their own NFT of hers and sell and trade it, earning royalties from the original creator on every transaction. January 2023.
Also available as an alternative investment stream for participants footy tokenThe Footi token, like its NFT counterpart, is a utility-driven crypto. The token sale will begin on January 28th with the first decentralized exchange (DEX) offering and an initial dex offering (IDO). February 8, 2023These tokens provide a simple and streamlined experience for users and serve as both in-game currency and utility crypto that can be used for external purchases. This eliminates the hassle of exchanging in-game currency and finding buyers, and allows users to convert from virtual currency to fiat currency on the fly. Here is a summary.
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gas bill payment
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In-game and in-world purchases
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Use on multiple platforms (sanctioned gaming networks)
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Convert cryptocurrency to fiat currency (Savvixpay)
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Implement Web 3.0 commerce or convert an existing Web 2 business to Web 3
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Participate in Decentralized Autonomous Organization (DAO) voting
Find out more about Footiverse here. www.footiverse.com.
About Footyverse
The footerverse is Singaporeis a metaverse creator of a football fantasy league based in , with the launch of NFTs focused across the APAC region. The platform will release avatars in collections based on real football leagues such as La Liga, Bundesliga. The first and most recent is the World Cup collection currently available on his largest NFT marketplace, OpenSea (opensea.io/collection). /footversewc2022).
SOURCE Footerverse
