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  • Nakamoto Games CEO Tor's Observations And Insights Into The Decentralized, Blockchain-Based Play-To-Earn Gaming Space

    One of the biggest trends in the decentralized gaming space over the last two years has been the phenomenal growth of blockchain-based free-to-play and play-to-earn platforms. One of the leading innovators in this space is Nakamoto Games, the development company behind a wide range of successful free-to-play and play-to-earn titles. Nakamoto Games has experienced unprecedented growth since its launch and has pioneered many cutting-edge features and services for gamers. These include in-game interactivity, exceptional game mechanics, lucrative earning opportunities, and the creation of a Metaverse with accurate, real-world economics and trade. To learn more about Nakamoto Games, why it was started, and to better understand some of the overarching trends we see in the decentralized gaming industry, we at Moncurr PR spoke with Tor, the CEO of Nakamoto Games, for his insights into the industry and where he sees the industry heading over the next several quarters. Thank you for speaking with us today, Tor. My pleasure. I’m happy to be here. So, the question we always get from the community is, what is Nakamoto Games all about, and why was it founded? Could you address these queries from the community for us? Sure. Nakamoto Games is a play-to-earn ecosystem with a sublime suite of blockchain-based games that are accessible to people all around the world. The platform was launched in October 2021 and since then has successfully brought a rich list of exciting gaming options to the decentralized gaming space. These include revamps of retro classics, first-person shooters, racing games, puzzle games, and more. There is even an interactive Metaverse gaming world built with real-world mechanics and economics designed to bring accurate and realistic experiences to players. I see. You mentioned free-to-play games. What exactly are those? How do free-to-play earning models work? Can your platform and your players earn under such a model? Free-to-play games are games that give players access to either all or a significant portion of a game’s content without any up-front payment or payments to continue playing. Free-to-play games are different from traditional commercial gaming titles which typically require a payment of some sort (such as the purchase of a copy of the game or a user license to use the game) before the game can be played. Like other free online services, free-to-play models generate revenue and income via ads and in-game purchases. By first creating an end-to-end, user-focused ecosystem and providing top-notch services and features, gamers are enticed to join the platform. From there, by offering rewards for playing games, users are incentivized to continue playing the titles they enjoy. During gameplay, ads can be served, and in-game purchases can also be made, generating revenue for the platform and individual titles. So that is the main source of revenue for Nakamoto Games? Primarily, yes. Nakamoto Games acts as a gateway to all of the free-to-play gaming titles active on the Nakamoto Games platform. By providing a wide range of gaming options, Nakamoto Games will expand its relevant offerings to a broad audience base – which is all blockchain-based gamers, a user group that has been growing exponentially over the last several years. It is important to remember that the free-to-play model is the basis of the play-to-earn model since play-to-earn titles are usually provided for free. However, players can earn from their gameplay once they perform well enough. Once players earn in such games and start spending on the platform, Nakamoto Games can earn revenues from those expenditures as well. Exactly how big is the free-to-play market? Right now, the online gaming market is valued at over $300 billion. Online gaming is the fastest growing industry in the entertainment world, outpacing the markets for both music and movies. Over 500 million new gamers were onboarded in the past three years as the share of users that participate in gaming continues to grow. Blockchain gaming is also capturing a growing share of the online gaming market and this trend has accelerated with the emergence of play-to-earn games. That’s a huge market. So, is it correct to assume that ecosystem growth is an important part of your strategy? How does the free-to-play model benefit Nakamoto Games’ ecosystem? The free-to-play earning model allows Nakamoto Games to deliver immersive, interactive, and highly engaging gaming titles to tens of millions of global players. Since there is no up-front cost to play free-to-play games, barriers to entry and participation are virtually nonexistent. This makes it easier to bring new gamers into the fold. Once they have entered the ecosystem, they can enjoy a wide range of gaming titles, access to draws and airdrops, and the opportunity to earn from their gameplay. What about play-to-earn titles? Do free-to-play titles enhance participation in your play-to-earn games? Yes, the two generally work together. Free-to-play can help grow the audiences and user base of play-to-earn games because a critical aspect of ecosystem and platform growth and adoption is user onboarding. Even with exciting titles and releases, without players, no platform, ecosystem, or gaming studio can survive. By using free-to-play as an on-ramp to play-to-earn, Nakamoto Games is bringing the best of both worlds – low-cost gaming participation and in-game earning opportunities – to its rapidly growing user base. How exactly does Nakamoto Games reward free-to-play players? Free-to-play players can earn in-game tokens and in-game items and they are also rewarded with the entertainment they receive from playing interesting and engaging online games for free. They also benefit from access to the Nakamoto Games suite of services, from online chat rooms and staking services to lucky draws and token airdrops. What about developers? How do you incentivize them to join your platform? We work closely with game designers and developers, and we provide an SDK to help roll out new games for studios of all types and sizes. In the end, the ultimate goal is to deliver the best possible gaming experiences to our players, and the decision to provide payouts and rewards for different games depends on the developer of the game in question. However, regarding the question, the answer is yes. Free-to-play gamers can be rewarded with NAKA tokens. For example, if a player plays well enough to win a tournament or a set of challenges or wins the weekly jackpot, or is selected for an airdrop, then these are some of the ways that players can win NAKA tokens even with free-to-play titles. What are the tie-ins between free-to-play and the value of the Nakamoto Games (NAKA) cryptocurrency? NAKA is the lifeblood of the Nakamoto Games ecosystem and is the de facto currency of the platform. Free-to-play games can increase the value of the NAKA token by increasing the demand for token rewards. The more NAKA that gamers earn, the more they will spend in-game and on other items, such as entries to pay-to-play games, extra lives, and in-game enhancements such as skins or abilities. The more players, the higher the demand for NAKA, and the higher the demand for NAKA means higher value for NAKA. Are all of your games free-to-play games? No, not all games on the Nakamoto Games platform are free-to-play. Some games require an entry fee – payable in NAKA tokens from a platform-connected wallet – for participation. Where do you see the market headed over the rest of 2022 and beyond? For us, our focus is on continuing the development of our platform, bringing new features and opportunities to our users (such as staking and the NAKAVERSE), and releasing a steady stream of fun and interactive gaming titles. We are on about 17 games now, and we hope to release several dozen more over the second half of 2022. Is there anything else you would like to add for our readers before we wrap up? Yes. Our success would not have been possible without the support of our community and the resources of our partners. We have steadily grown and are even adding resource headcounts despite the current bear market. This is a testimony to the resilience of our model and the market demand for what we have to offer. We set a high bar for ourselves and our players and strive to deliver the best gaming experiences and earning opportunities to players all around the world. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • RT iamckbubbles: Really going in on how we build DCL with @eordano & @toonpunk23 answering questions, collabing, and sharing insights! [twitter.com]

    RT iamckbubbles: Really going in on how we build DCL with @eordano & @toonpunk23 answering questions, collabing, and sharing insights! https://twitter.com/i/spaces/1gqxvlglpklGB

  • Chris Gabriel Shares His Unique Insights About the Meme Economy

    YouTuber Chris Gabriel discusses how the meme economy relates to the crypto space. He says that crypto rises and falls ...Read More...

  • RT MGH_DAO: Our Land Valuation Tool V1.5 is online! 🔥 Get deep #Metaverse insights: ✔️ Life sales tracker ✔️ Watchlist ✔️ Portfolio integration Constantly adding value with our partners @TheSandboxGame and @decentraland 🚀 Try it👇 [bit.ly] [twitter.com] [pbs.twimg.com]

    RT MGH_DAO: Our Land Valuation Tool V1.5 is online! 🔥 Get deep #Metaverse insights: ✔️ Life sales tracker ✔️ Watchlist ✔️ Portfolio integration Constantly adding value with our partners @TheSandboxGame and @decentraland 🚀 Try it👇 http://bit.ly/3y6Tj6U https://twitter.com/MGH_DAO/status/1524027465563357186/photo/1 https://pbs.twimg.com/media/FSZu5pOWYAAwBQf.jpg:large

  • RT paycerprotocol: As you all know, #Paycer has entered @bloktopia. Our Marketing team has created a video about #Bloktopia so that you can get more insights about this partnership: [youtu.be] #PCR $PCR #BLOK #DeFi #CeDeFi #DeFiNews #MetaverseNews

    RT paycerprotocol: As you all know, #Paycer has entered @bloktopia. Our Marketing team has created a video about #Bloktopia so that you can get more insights about this partnership: https://youtu.be/04_RYXNAlYA #PCR $PCR #BLOK #DeFi #CeDeFi #DeFiNews #MetaverseNews

  • EXCLUSIVE from Bitcoin 2022: TradeZing CEO Jordan Edelson Shares Insights About His New Web3 Trading Platform

    Detroit-based Benzinga, a media and data provider bridging the gap between retail and institutional investors, sent its team to Miami, Florida, April 6-9, for Bitcoin 2022. During that time, the company checked out digital assets innovation and spoke with founders, investors and entrepreneurs. The following is a conversation with Forbes 30 under 30 entrepreneur Jordan Edelson, the CEO and founder of TradeZing, a live-streaming social engagement Web3 platform designed for millennial and Generation Z traders. Check it out! Benzinga: Care to start off with an introduction? Jordan Edelson: I’m an entrepreneur and started my first business when I was 14 years old. I’m a self-taught programmer that created mods in video games and worked with teams remotely. That gave me a very early view of management and team building. Then, I moved on and created pretty much what Twitch TV is today, about 20 years ago. It was the ability to stream video games to the web. I pioneered the technology and it was under a company — Esports TV and Game Broadcasting Live — that I owned. I didn’t get a $980 million exit to Amazon.com, Inc. (NASDAQ: AMZN) but I did well with the property. I ran it for about eight years and we were streaming esports video games with Samsung as a partner and all over the world. Then, I was CTO of the first publicly traded hip hop company, H3 Enterprises. I worked with Russell Simmons and Dr. Benjamin Franklin Chavis Jr. on hip-hop-themed restaurants. My connection to that was through a deal I formed between Microsoft Corporation (NASDAQ: MSFT) and Paramount Global’s (NASDAQ: PARA)(NASDAQ: PARAA) Viacom. We built these centers at which you could play video games on the tabletops. Later, I started a digital agency right at the onset of the Apple Inc (NASDAQ: AAPL) iPhone. That skyrocketed my career in the mobile app development space and I still own an agency, probably the largest for mobile app development in New York City, called Appetizer Mobile. Appetizer built over 400 mobile apps with Lady Gaga, 50 Cent, Kim Kardashian, and was the only development firm to receive praise from Steve Jobs before he passed. We got two iPad TV commercials and were featured in Apple keynotes. Through Appetizer Mobile, I incubated a lot of startups and even started a company with my wife called Chic Sketch. How did you get involved with markets? During the [COVID-19] pandemic, I realized there were a lot of people investing and losing money. We’ve heard stories of losses and suicide. Just terrible stuff. I realized there is a problem and it really is an educational disconnect. At this Bitcoin 2022 conference, we announced the company to the public — TradeZing — and it’s a platform for edutainment geared towards Millennials and Generation Z. What is the focus of the platform? It’s a platform for education, entertainment and the management of financial communities. You go on the platform and talk in a massive community [on] four main verticals: stocks, crypto, NFTs and the metaverse. What apps are to Facebook is what widgets are to TradeZing. We have both first- and third-party widgets, and a number of partners and exchanges that will be building into our ecosystem. We’ll be working with a lot of these different groups to launch, drop and mint NFTs on our platform. Talk to me about monetization. To be able to play and navigate on TradeZing, you need to your local convert currency into Zings, our on-platform currency. Then, what you’re able to do is when you convert, we actually take a percentage when money goes into the platform and back out. Money will typically come out of the platform when we’re paying creators. With the infrastructure already in place, you could easily expand coverage to other assets, right? Collectibles, maybe? Absolutely. Any income generation opportunities. Sports betting, too. We’re a platform for community engagement. Incentives and communication are centralized. There are a ton of exchange providers and, potentially, new entrants that may mimic what you’re trying to create at TradeZing. How do you compete? We’re actually looking to partner with all these different groups and let them get in front of this captivated audience so they can actually build their widgets right into our ecosystem and get right in front of them. Ideal partners for us are exchanges. You’ll be able to use that same service on our platform and it’ll be nicely integrated and you won’t have to go to ten different spots. Learn and trade from one place. How do you maintain a competitive edge? We’re competing against financial content on social media. The problem with content on Alphabet Inc-owned (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube, for instance, is the noise around, say, Apple stock. If you search for an apple on YouTube, you’re going to get a dog eating an apple, a recipe for an apple pie, and, maybe, some information about Apple stock. We’re connecting you directly to financial content around that on a platform built with the trader and a learning-type experience in mind. Additionally, we’re building a moat around our business through partners and integration. We’ve brought on Michael Irvin who is in the Pro Football Hall of Fame. He will be on our platform acting as a board advisor and investor working directly with athletes and helping educate them on different financial opportunities. If you think of an athlete, for instance, they make a lot of money but then, a lot of them don’t plan for their future, financially. Many don’t even understand how to monetize their likeness, afterward. On the other end of the spectrum sits a pure creator. The Foodgod, who is one of the biggest food influencers out there, is working with us. He’s on the board and an investor in the business and will help creators and influencers produce content that’s successful. Biggest challenges? Moderation and protecting the community. We will defer to our community to kind of help spot the issues. Just like any decentralized autonomous organization (DAO), we want to put the governance, to a degree, in the hands of our community. We’ll allow them to pick and choose the people that will rise to go from standard streamer to affiliate streamer and partner streamer. Vision for the future? We think we’re building a stickier mousetrap in terms of content production. We’ll be rolling out to a lucky few over the next couple of weeks and then opening more of an open beta. Beyond that, we see ourselves expanding into other, different verticals and bringing on other key influencers and people from different sectors. We’re trying to educate, elevate and entertain. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • RT BNBCHAIN: The future is now! 🚨 Join us for FutureFi, a 7-hrs long event with 22 projects and a ton of insights about the future of DeFi, NFT, GameFi, and more! 📅Tuesday, April 5 ⏰12:00 UTC 🤑$1,800 QR code giveaway [bnbchain.world]

    RT BNBCHAIN: The future is now! 🚨 Join us for FutureFi, a 7-hrs long event with 22 projects and a ton of insights about the future of DeFi, NFT, GameFi, and more! 📅Tuesday, April 5 ⏰12:00 UTC 🤑$1,800 QR code giveaway https://www.bnbchain.world/en/blog/futurefi-a-1-day-event-focused-on-future-of-metafi/

    MOBOX

    2m

  • Great insights from @MYSTIC7 today! If you missed Axie Tuesday live, you can now watch it on youtube (with timestamps) [youtube.com] [twitter.com]

    Great insights from @MYSTIC7 today! If you missed Axie Tuesday live, you can now watch it on youtube (with timestamps) https://www.youtube.com/watch?v=f_1_uMWGuWQ https://twitter.com/AxieInfinity/status/1506314159159320586

  • Complete insights into NFT music marketplaces

    Every group you are in has that one person who is creative and artistic. We all would have seen him/her do their best and still end up not getting the recognition that his/her artwork deserves. We all have that one underrated artist friend in our group who could produce finer music than most accomplished artists […] The post Complete insights into NFT music marketplaces appeared first on NFT News Today.

  • RT SkyMavisHQ: Sky Mavis/Axie Infinity has been named to the 2022 Blockchain 50, Blockdata / CB Insights’ annual ranking of the most promising startups in the blockchain space! [twitter.com] [pbs.twimg.com]

    RT SkyMavisHQ: Sky Mavis/Axie Infinity has been named to the 2022 Blockchain 50, Blockdata / CB Insights’ annual ranking of the most promising startups in the blockchain space! https://twitter.com/SkyMavisHQ/status/1500909072878649344/photo/1 https://pbs.twimg.com/media/FNRMy9qXEAUzoLY.jpg:large

  • Index Cooperative Named to the 2022 CB Insights Blockchain 50 — List of Most Innovative Blockchain Startups

    The 2022 Blockchain 50 cohort has raised $17.1B in aggregate funding across over 200 deals since 2016. Continue reading Index Cooperative Named to the 2022 CB Insights Blockchain 50 — List of Most Innovative Blockchain Startups at DailyCoin.com.