NFT Tech announces launch of Play 2 Earn Gaming Platform
VANCOUVER, British Columbia, June 17, 2022 – NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO) (NFT Tech), a leading technology company dedicated to bringing decentralized ownership, NFT and the meta-verse to the general public, today announced the alpha launch of its proprietary Play 2 Earn (P2E) gaming platform, which will enable more lucrative connections between players and games.
The platform, which is slated for a full-scale launch this summer, solves the in-game findability issue: it will allow players to find and play multiple P2E games at once and provide live feedback on the highest-yielding games. The platform also provides new games, events within these games, and statistics that help users choose the game based on: required effort, popularity, and currency volatility in the game.
The GOAT Guild project enhanced NFT Tech’s ability to understand what players need to maximize their income, said Wayne Lloyd, NFT Tech’s CEO. The launch of this platform later this summer will position us to take advantage of the great gaming season coming in the fourth quarter, as we have recently seen the gaming industry become more robust during a downturn. In a recession, video games are a valuable source of entertainment as people tighten their belts and go out less.
The P2E gaming industry offers great instant revenue opportunities, combining the 10 most popular games into a player base of just under 5 million. Leading games like Axie have a market value of around $ 4 billion and a monthly player base of 700,000. To put this in perspective in terms of P2E growth potential, Activision’s Call of Duty had over 110 million monthly active players by November 2020.
NFT Tech’s long-term vision for this platform is to build a large user base of players earning game assets, as well as a market that can facilitate player-to-player transactions by facilitating cross-game transactions, where players purchase items from a game swap for items from another game.
Nansen, a similar cryptocurrency-focused platform, recently raised $ 75 million in Series B funding from GIC, Andreessen Horowitz (a16z), Tiger Global and Statistics Sweden 10X, among other prominent venture capitalists and angel investors.
About NFT Tech
NFT Tech works to develop infrastructure, assets, real estate and intellectual property in Metaverse, build and generate revenue from P2E and M2E games and bring insights and benefits to the public markets. By building bridges between traditional capital markets and the Web3 area, NFT Tech helps bring decentralized ownership, NFTs and the meta-verse to the general public. Current projects include the creation of the GOAT Guild and Fuku.
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Wayne Lloyd, CEO
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