Nakamoto Games is a play-to-earn platform that aims to revolutionize how the GameFi industry works.
Nakamoto Games was created to lead the revolution in the online game industry using the blockchain. Play-to-earn blockchain games have become an exciting, viable concept in recent years. However, the user experience offered by most blockchain games still has ways to improve in comparison to traditional gaming systems. Additionally, navigating the blockchain-based gaming industry can be complex.
The Online Gaming Industry
Nakamoto Games is working to break into the massive gaming industry. Today’s top three online games have a combined monthly active player count of over 100 million. In 2020, the data showed that online players had spent over $54 billion buying in-game items. The projections are for $74 billion by 2025. Blockchain-based games have successfully tapped only a small amount of these funds. Nakamoto Games aims to grow that market share.
Nakamoto Games Value Proposition
Most in-game items are confined to the game where they are bought. Consequently, users must turn to black markets to trade their goods. One survey showed that 62% of gamers would be willing to buy virtual items if they could use them across multiple games. Additionally, 84% of developers have claimed they would be willing to create such items.
The Solutions Provided by Nakamoto Games
Nakamoto Games aims to address all the shortcomings in the play-to-Earn (P2E) gaming world. Players are offered numerous options, while developers are provided tools to deploy games to a wider audience. At the same time, they will retain full control over the monetization of their games.
Nakamoto Games will provide developers with a software development kit to aid in developing these games. Anyone who owns a Web3 wallet will have access to the platform. However, they will need NAKA tokens to participate in the various activities of the platform.
Transition to Polygon Network
Nakamoto Games was originally built on Ethereum. In December 2021, the project switched to the Polygon blockchain. The need for low-cost transactions and high throughput prompted the switch. KuCoin, the major crypto exchange, led the swap of NAKA tokens from ERC20 tokens to Polygon-native tokens.
NAKA Tokens
NAKA Tokens are a crucial part of the Nakamoto Games ecosystem. The tokens are used to purchase fuel and ammo for the play to earn games. NAKA tokens are also issued as rewards to players. Everyone who participates in the Nakamoto Games ecosystem will receive rewards. Some NAKA tokens used to access games are burned afterward, which keeps the supply of NAKA tokens low. There is a total supply of 180 million NAKA tokens.
Thus far, the NAKA tokens have performed quite well. They have a market cap of over $32.5 million and a fully diluted market cap of $80.7 million. Currently, the NAKA tokens are ranked among the top 500 cryptocurrencies, which is an impressive feat.
NAKA Tokens Market Trends
NAKA tokens have had one of the best performances of any token in the past twelve months. Since July 2022, the market cap of NAKA tokens has grown from zero to an astounding peak of over $38 million in July 2023. Thus far, the NAKA tokens have held onto most of those gains.
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Final Thoughts
For anyone looking for a project with great long-term growth potential, Nakamoto Games is an excellent choice. NAKA tokens have displayed excellent performance in the last year, which has accelerated in the past six months. Don’t look past this Play-to-earn blockchain gaming platform.
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