Seeing new entrants into the P2E GameFi world of the Metaverse is becoming a seemingly daily occurrence. Below, we are introduced to Freewoly, the latest to offer players the chance to earn, mint and trade NFT’s as well as earn FWoly, the native token by playing the game.
It remains to be seen whether Freewoly’s particular GameFi implementation and use of AR will make the gameplay and earning potential enticing enough to draw a solid user base. Certainly, Freewoly has some stiff competition to dethrone in the likes of Alien Worlds, Axie Infinity, Slinter Lands and Dencentraland.
Read the announcement below to learn more.
Decentralized gaming and finance are combined in GameFi. Cryptocurrencies, non-fungible tokens (NFTs), and play-to-earn (P2E) gaming are the most common GameFi platforms. Platforms that offer Decentralized Finance (GameFi) can be built by combining decentralized gaming elements with decentralized finance elements or by integrating gaming elements into financial services.
A P2E model allows users to play games and earn at the same time on GameFi platforms. Users gain monetary benefits from playing the games or using the DeFI platform by using elements associated with gaming, such as scores, leaderboards, competitions, avatars, and badges. Augmented reality is usually integrated into most GameFi platforms.
Most GameFi platforms are leveraging Metaverse and virtual reality to create augmented reality where users can play games, explore, interact, and still access financial services without an intermediary.
A user can interact with augmented reality by combining real-world experiences with computer-generated graphics and sounds. A virtual world is merged with the physical world in AR to create an interactive experience for users or players.
The combination of DeFi and decentralized gaming with Augmented Reality gives GameFi platforms an advantage over traditional DeFI and gaming platforms, allowing users access to the benefits of both without belonging to either. Many GameFi platforms exist, with Splinterrland and Alien Wars topping the list.
Digital cards can be purchased and sold in Splinterlands, a collectible card game. For double-spending prevention, each card has an NFT identifier. In addition to having four unique forms, cards can also be used in battle.
Gamers can earn rewards by playing games in Alien Worlds, a Blockchain-based metaverse. Users can play games and mine NFT cards on the platform, which runs on several blockchains, such as Ethereum and Binance Smart Chain (BSC). Payment is made in Trilium (TLM), the platform’s native currency.
Freewoly
Freewoly is a Fun Augmented Reality Play-2-Earn game ecosystem backed by the FWoly memecoin. FreeWoly utilizes augmented reality (AR) technology to add a fun and exciting dimension to the game. The platform provides an avenue for users to play and earn while also accessing their features Iike token swapping and NFT minting and trading.
Freewoly combines elements from two of the most successful games in the gaming industries; Farmville and Pokemon Go. The impacts here are twofold. For one, it allows Freewoly to break into an already thriving market, and It also gives users twice the experience as they’ll be able to access elements of two different games in one.
Users are paid in the form of the $FWoly token. Animals in the game can be minted as a unique NFT and traded with other players. The value of an NFT is contingent on how unique and rare the animal is. Animals with unusual characteristics are likely to have a higher value compared o others. The FreeWoly ecosystem will include a marketplace where people can trade the NFT animals or sell their farms in exchange for tokens.
For more information on Freewoly
Presale: https://farm.freewoly.io
Website: //freewoly.io/
Telegram: https://t.me/FreeWolyOfficial
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