• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America

GameFi – Play Hard, Earn Hard

NewsBTC by NewsBTC
1 year ago
in Company News
Reading Time: 3 mins read

DeFi

DeFi (Decentralized Finance) burst into 2020 with resounding success, rising from a combined $900M market cap in January 2020 to $253B by the end of 2021. DeFi offered true decentralization of finance by automating transactions through the blockchain. DeFi also provides optional yet lucrative features such as staking. However, the cryptocurrency market moves quickly, with innovation always one step ahead. As 2022 began, Google search trends started to slow down for DeFi, with GameFi growing in popularity.

GameFi

GameFi expanded upon this by building DeFi and blockchain features onto the foundation of a game. These features capitalized on the growing population of professional gamers, E-Sports, Twitch streamers, and YouTubers. Previously, Esports streamers made income playing and competing in a game – Hobby becoming a career. This profession was not without faults. Professionals would be subject to the rules and popularity of their platform, strict advertising criteria, and trending games.

Thus, GameFi was born. Using DeFi, control is taken away from centralized companies and back into the hands of the investor. From the first-time investor to the professional gamer – GameFi welcomes all to take control of their assets and accrue wealth. An example of this is NFTs (Non-Fungible Tokens). NFTs are assets turned into holdable tokens. Due to this, DeFi features such as staking and renting, become usable on NFTs. Therefore, rather than money squandered on a virtual asset in a standard game, they are an ownable, financial asset in GameFi. Traditional video game companies have noticed this growing market and intend to capitalize on it. Ubisoft CEO Yvette Guillemot states: “We consider blockchain one of those revolutions… Play-to-earn will enable more players to… earn content, own content, and we think it’s going to grow the industry”.

FireZard

One project revolutionizing the GameFi and the P2E market is FireZard and its BSC (Binance Smart Chain) token $ZARD. A decentralized NFT Trading card game powered by blockchain technology that creates a wholly user-focused GameFi experience. The game revolves around investors forming a team of unique NFTs to battle other investors and gain further rewards. FireZard innovates on the limitations of GameFi competitors by removing entry requirements and ensuring consistent profit. Further, despite being a young project, the team has already procured a security audit through Solid Group. The rapid deployment of a security audit demonstrates how FireZard prioritizes investor safety and experience. Future goals include; an exclusive trading marketplace, battling other players, competitions, a mobile game, non-competitive gameplay, a web series, a free-to-play system, and more.

An investor begins their FireZard experience uninhibited by purchasing $ZARD to stake in their dApp. Doing so produces $FLAME – which has no dollar value and is not tradeable on an exchange and has an unlimited supply. This feature makes FireZard a unique and innovative product in GameFi. A limitation in competitors is the large entry requirement to playing, with many games requiring ownership of costly $1000 NFTs. FireZard invents a new system in which any player, regardless of investment, can create a FireZard NFT. Thus, any barrier of entry is removed, creating a more globally accessible GameFi product. The innovation continues as FireZard also provides ‘Instant win BNB’. When investors create (summon) an NFT, they expend $FLAME to produce it. If this NFT is above a common rarity, the investor is rewarded a set amount of BNB directly to their wallet based on the card rarity. The rates of BNB rewards are as follows: Common (0 BNB), Uncommon (0.1 BNB), Rare (0.25 BNB), Super rare (0.5 BNB), and Ultra-rare (1 BNB).

FireZard is an example of how cryptocurrency creates innovation. From Cryptocurrency to DeFi, to GameFi, and now FireZard. The project prioritizes investor security while providing a new, innovative take on the NFT based GameFi market. With no barriers to entry, compelling art, numerous future goals, and tangible BNB rewards – FireZard is set to explode into the booming GameFi trend.

 

Tweet123Share196ShareSend
NewsBTC

NewsBTC

Related Posts

Is XRP About to Surprise Traders and Hit $1 In June? Analysts Pick Best Crypto to Buy Now as Ripple Lawsuit Verdict Approaches Conclusion

Is XRP About to Surprise Traders and Hit $1 In June? Analysts Pick Best Crypto to Buy Now as Ripple Lawsuit Verdict Approaches Conclusion

15 mins ago
Best Baccarat Online Casinos – Online Baccarat for Real Money

Best Baccarat Online Casinos – Online Baccarat for Real Money

22 hours ago
Bluelight Game Mechanics Overview

Bluelight Game Mechanics Overview

2 days ago
SEC XRP Lawsuit Keeping The Market Flat? Investors look for Alternative Routes, is HedgeUp and Chainlink the Answer?

SEC XRP Lawsuit Keeping The Market Flat? Investors look for Alternative Routes, is HedgeUp and Chainlink the Answer?

3 days ago
Baby Dogecoin Moves 2.5% in Holders favour, whilst HedgeUp Provides Investors with 300% gains

Baby Dogecoin Moves 2.5% in Holders favour, whilst HedgeUp Provides Investors with 300% gains

3 days ago
ArbDoge AI Vs HedgeUp, AI Chatbot ChatGPT Predicts Who Reach $1

ArbDoge AI Vs HedgeUp, AI Chatbot ChatGPT Predicts Who Reach $1

3 days ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    4 days ago
  • Willing to buy new crypto: Here are the best 10...

    5 days ago
  • Best Crypto Meme Coin Presales in 2023

    5 days ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • Sphere Financial Inc: Transforming the World of Finance...

    13 hours ago
  • As Pepe (PEPE) Hype Becomes History, DigiToads (TOADS)...

    17 hours ago
  • InQubeta (QUBE) Could Overtake Aave (AAVE) in Market Cap...

    17 hours ago
  • AI Analytics: SingularityNET, Ripple, and The Sandbox Top...

    18 hours ago
  • According to experienced traders, Aave (AAVE) and InQubeta...

    22 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.