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NewsBTC 2021-10-23 17:30:47

NFT, GameFi and the BSC — An NFT Collection Designed for Success

When NFT giants such as CryptoPunks first launched, they could not imagine the connection between NFT’s and GameFi and focused on their sole collection of Punks. In Q3, NFT sales amounted to over $10.7 billion, which was partially due to an increase in the amount of creative and unique collections, as well as technological innovations, such as the integration with GameFi. For those that do not yet know — An NFT is a Non-Fungible Token, such as digital artwork, that cannot be replaced with something else, as it is non-fungible. GameFi represents a mix of decentralized finance (DeFi) and gaming, which operates under a play-to-earn model instead of a play-to-win. This combination means that users can now play online games using their NFT’s and be financially rewarded for playing — not winning. One project that incorporates both NFT’s, GameFi, and the preferable Binance Smart Chain is “The Presidents” exclusive collection that can be minted on the website. “The Presidents” is the first and only NFT collection in the world that consists of 50 presidents from different countries and established cryptocurrency organizations. This truly rare NFT collection has been launched on the Binance Smart Chain, which is a preferable blockchain of choice for NFT projects as it is faster and cheaper when compared to other blockchains, such as the expensive Ethereum. “The Presidents” is a GameFi and NFT collection that con...

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