• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

How Wizardia’s Players (and Investors) Can Benefit from a Novel NFT Economy

NewsBTC by NewsBTC
4 months ago
in Cryptocurrency news
Reading Time: 3 mins read
Advertisement

As the NFT and Metaverse gaming space continues to make leaps and bounds in 2022, we are slowly witnessing the evolution of the gaming space – not only in terms of story, character and gameplay but also the underlying economies which form the financial foundations of a given project.

One example of this is Wizardia. Wizardia is an upcoming play-to-earn fantasy Metaverse game where players take on the role of unique wizards represented by NFTs and battle each other in a bid to earn valuable resources and level up their NFT avatars. Wizardia is built atop the Solana (SOL) blockchain, a low-fee Proof-of-Stake (PoS) network that rose to become one of the most popular destinations for developers to set up dApps in 2021.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Conceptual Art – The Battle Arena

While Wizardia gives players the chance to increase the value of their NFTs through standard gameplay, another aspect of the game’s NFT-based economy has drawn attention in recent weeks for the way it generates royalties over time.

Earn Royalties for the Game’s Duration

Comprising a two-NFT economy, Wizardia’s in-game Wizard NFTs are accompanied by Arena Genesis NFTs – tokens that give holders exclusive rights to earn royalties from all future battles and transactions conducted in the game’s Battle Arena.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

In essence, this means early investors can purchase Arena Genesis NFTs and sit back and collect ever-increasing royalties as more and more players enter the game world and engage in Arena battles. Notably, holders of Arena Genesis NFTs don’t even need to participate in gameplay, instead, the NFTs are staked in the platform and owners will reap rewards in the form of tokens.

               Arena Genesis NFT (1st round)

That investment is one that promises to pay off for the duration of the game’s existence. Much like profits generated from the successful activities of a given company, Arena Genesis NFT holders will accrue royalties from in-game transactions as time goes on. A quick glance at Wizardia’s revenue projection calculator reveals the potential royalties for investors who get in during the first round of the Arena Genesis NFT private sale – a figure no less than 100% ROI (return on investment) per month, assuming a player base of 30,000. Please note that this is just a projection that depends on many variables, such as the number of daily game users, number of daily fights, or the Wizardia token price – and no royalties are 100% guaranteed.

Revenue Projection Calculator

Not Just the Early Bird Who Gets the Worm

Conceptual Art – The Battle Arena

Potential royalties to be gained from Arena Genesis NFTs fluctuate according to the increasing price of the tokens as Wizardia progresses through each subsequent round of its public sale – of which there are seven. The difference between the cost of the NFTs between round one and round seven of the private sale are quite stark – ranging from $125 per token to $445.

However, while the incentive to take part in the earliest rounds of the sale is clearly apparent, the way Wizardia’s royalty generation is constructed also gives late-stage investors a good chance of reaping serious rewards. This is because the value generated from the Arena Genesis NFTs naturally increases as more and more players enter the game world. Additionally, a portion of the royalties generated from all subsequent sales rounds will make its way to the early-stage investors, meaning they will start generating royalties before a battle is even conducted in the game.

This novel approach to NFT revenue builds on the royalty structure of popular NFT platforms like OpenSea, where royalties are earned each time an NFT is sold on. With Wizardia’s Genesis NFTs, the tokens needn’t be sold in order to generate continual royalties, but instead act as early-bird royalties in the ongoing progress of the project. What’s more, the prospect of actually selling an NFT on OpenSea – where the market is already approaching saturation point – is never wholly assured.

The first phase of Wizardia’s Arena Genesis NFT public sale will be conducted in early February, with later phases of the sale set to be held throughout the early part of 2022. The game’s battle arena game mode is slated for release by the end of Q2 of this year, meaning Genesis NFT holders will be able to start earning passive income from in-game battles very soon.

Wizardia is giving away $10,000 worth of prizes to its community. Up for grabs to community members who participate in the airdrop is $10,000 USDT split by 90 randomly selected lucky winners, all distributed on Binance Smart Chain.

The airdrop ends on February 7th. Register now to enter the free giveaway.

Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Bitcoin Selling Pressure Continues As Long-Term Holder SOPR Spikes Up

Bitcoin Selling Pressure Continues As Long-Term Holder SOPR Spikes Up

2 hours ago
Bitcoin and Ethereum

Exchange Inflows Rock Bitcoin, Ethereum As Market Struggles To Recover

4 hours ago
Ethereum Prepares For Ropsten Testnet Merge As Token Struggles To Hold $2k Support

Ethereum Prepares For Ropsten Testnet Merge As Token Struggles To Hold $2k Support

5 hours ago
Time For Autopsy? Bitcoin May Plunge Further After Dive Below $30k

Time For Autopsy? Bitcoin May Plunge Further After Dive Below $30k

8 hours ago
mining

U.S. Mining Stocks Drop Almost 50% Despite Hashrate Increasing

12 hours ago
Bitcoin

Bitcoin Stable Near $30,000 But The Bearish Leg Is Far From Over

19 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Wildcoins Casino

Wildcoins Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Can Gnox (GNOX) become a crypto giant like Cardano (ADA)?

May 19, 2022

Terra (LUNA) and Binance (BNB) Experienced a Terrible Week While Presale Crypto Chronoly (CRNO) Is Flying High

May 19, 2022

3 Years, 6 Lamborghinis: FreeBitco.in’s “Biggest Giveaway in Crypto” Continues Its Legacy

May 19, 2022

SFUND To Be Listed On The Leading Global Crypto Exchange Huobi Global

May 19, 2022

Diversify your crypto portfolio with Pac-Man Frog (PAC), Monero (XMR), and Aave (AAVE)

May 19, 2022

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.

COMPANY

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

Technical Analysis

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

LINKS

Crypto Prices from Nomics

Cryptocurrency news

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

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Spin & Win

© 2021 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.