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Platypus Finance Pioneers Unbiased NFT Minting On Avalanche

Hong Kong, Hong Kong, 17th June, 2022, Chainwire

NFT owners and traders alike have had their woes about NFT minting: it’s not a fair mint to begin with. Most projects’ minting method is off-chain, making it vulnerable to corruption and exploitation. Generated and stored NFT contents and metadata are off-chain, making them susceptible to data losses.

Platypus Finance is pioneering a solution to this controversial phenomenon in the Avalanche ecosystem. They are the first to have innovated an on-chain random generation minting method for NFT on Avalanche. This brought fairness, transparency, and user safety to the process of minting NFTs.

On-chain random generation minting process

There are some NFTs that are more valuable than others. NFTs with DeFi utilities have an even greater advantage as the rarity of the minted NFT determines how much its owner will benefit from it. Without transparency and a true random generation, the process can be corrupted. Specific individuals will primarily benefit by minting the rarest NFT, leaving the public with the more common ones to mint.

Platypus Finance’s minting process embodies its values and priority – which is its very own user base. With on-chain random generation, everyone has an equal opportunity to gain the best NFTs – without prejudice, favoritism, and inequality.

About Platypus NFT

Platypus NFTs are called Platypus Heroes. In essence, Platypus Heroes improve liquidity investors’ performance for farming profit in exciting ways. Heroes are born with a unique pairing of body parts and enthusiasm. Some of them always look excited, while some of them have a milder demeanor. Some heroes love blings, and some even have their own vices!

Platypus heroes are made of randomly generated attributes for their eyes, mouth, body, skin, tail, and accessories. Each attribute equals a score, and when added together, equals a total score that determines the class of the NFT. There are 5 different class levels which range from common to legendary – and basically, the higher the class, the rarer it is.

Platypus Heroes have powers- They boost liquidity mining performance, giving LPs on the platform an advantage. There are only 10,000 Platypus Heroes in supply. There’s a lot of excitement in the community for its official launch in June 2022.

To learn more about Platopia and platypus NFT, check out its whitepaper at platypus.finance/nft/ .

Stay in touch with Platypus

Contacts

Marketing Team, Platypus, [email protected]

The post Platypus Finance Pioneers Unbiased NFT Minting On Avalanche appeared first on CoinJournal.

NFT games on brink of overtaking PC games in popularity

Key Takeaways Within about a year, NFT games are now on the brink of overtaking PC games in popularity Compared to conventional PC games, only 10 games are more popular than top NFT editions $2.5 billion raised by blockchain games in Q1 of 2022, on course for $10 billion this year compared to $4 billion::Listen

Key Takeaways

  • Within about a year, NFT games are now on the brink of overtaking PC games in popularity

  • Compared to conventional PC games, only 10 games are more popular than top NFT editions

  • $2.5 billion raised by blockchain games in Q1 of 2022, on course for $10 billion this year compared to $4 billion for 2021

  • While prices of gaming tokens have been in freefall alongside wider market, user growth and investment has been stout

With NFTs crumbling as the market continues in full risk-off mode, I decided to dive into the statistics behind a sector I believe is one of the most intriguing use cases for this novel technology. 

Sure, lots of NFTs are overpriced and can be attributed to bear market hysteria, but I have always felt that the marriage between gaming and NFTs is a natural one. Players pour so much time into playing certain games, as well as money into in-game additions, that defining ownership and maintaining a historical record on-chain seems to make sense. 

So what do the numbers say about NFT gaming adoption compared to conventional gaming, and do they paint a more bullish picture than the freefalling token prices? 

One year growth

In terms of active users, the growth in the last year has been meteoric for NFT games. A report from DappRadar calculated the growth in blockchain gaming as 2000% since Q1 of last year. 

Also in Q1 of this year, $2.5 billion was raised for blockchain games and other metaverse projects. While this came before the ugly downturn of recent months, it’s still promising given $4 billion was raised in all of 2021, a period when the bull market was in full swing. That puts gaming and metaverse projects on course to raise $10 billion through 2022. So, even a hugely conservative 60% cut to funding would place it above 2021 levels. 

NFT gaming users

The funding is stout, but so too are the users. A look at the below graph showing the top 10 NFT games confirms that the sector is starting to gain mainstream appeal and capture more and more unique users per month.

To put the above numbers in context, a neat current benchmark for NFT games is that of PC games. The below graph shows the top 10 most played PC games on the Steam platform. While the data for total users in a month is more challenging to obtain, the below graph presents the average number of concurrent players over the last 30 days (rather than total unique users per month as per the above graph). 

Assuming that 5% of active players are online at any given time, the below graph then compares how NFT games stack up to the most popular PC games, with NFT games in blue and conventional PC games in orange. 

This shows that while NFT games are yet to overtake PC games, it is extremely close to occurring. Only the top 10 PC games are capturing more users than the top NFT game, Alien Worlds, and the margin is very narrow, with Alien Worlds only about 1,000 users off. 

Yet despite the bullish growth in numbers, these games are being brandished as fads due to the overall pullback in crypto markets. Additionally,  the below graph for two of the biggest tokens – Alien Worlds and Axie Infinity – show that the freefall has been stark after explosive run-ups last year. 

But in looking past the prices of such tokens (a large part of which would have been due to speculation) and instead digging into user growth and the investment being put into these platforms, the future still appears bright. 

It’s a reminder that despite the bearish sentiment in the markets, there is very real technology here that is making a difference and disrupting industries. To be on the brink of the top 10 PC games already is quite the achievement, given the nascent nature of the space. 

As for whether these tokens are good investments at current prices? Well, that’s an issue for another day. 

Sources

https://dappradar.com/blog/dappradar-x-bga-games-report-q1-2022

https://www.statista.com/statistics/1266486/blockchain-games-user-number/

The post NFT games on brink of overtaking PC games in popularity appeared first on CoinJournal.

Platypus Finance Pioneers Unbiased NFT Minting On Avalanche

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