The Power of In-Game NFTs: How Monsters Clan NFTs Maintain Profound Value and Utility
If you had told someone 10 years ago that in the year 2021, pictures of cartoon rocks and pixelated rapscallions would sell for $100,000 and more, they’d probably think twice before taking anything you say seriously from that point on. And yet, here we are. NFTs have become the fastest-growing craze in crypto, which happens to be the fastest rising asset class. With billions in revenue and a revolutionary new use-case seemingly revealed every quarter, the question of how we got here isn’t nearly as important as the question, where are we headed next?
The Injection of NFTs into Blockchain Gaming
If the transition from video game consoles to online gaming was the spark that set the now multibillion-dollar industry to the moon, the advent of blockchain gaming and eventual NFT-based games is the jet fuel that will carry us into the next galaxy. NFTs have found their way into virtually every industry imaginable, and there was simply no way that eSports and gaming would be immune to this adoption. Today, players can collect and own in-game assets that can be traded within their ecosystem or in many cases, sold on platforms like Opensea and Rarible.
This Play-to-Earn model in blockchain games is becoming increasingly popular and has created a very competitive space. Only games with NFTs that provide real value and utility rise above the rest, and this undeniable fact makes the Monsters Clan team very excited.
The New Monsters on the Block
Monsters Clan is an NFT game with a fantasy world built on the Binance Smart Chain. The ecosystem features unique player-controlled monsters that battle one another for territory, pride, and rewards. Our native $MONS token provides players with benefits such as governance rights and acts as a currency in the Monsters Clan economy. However, this is not the only asset that players can collect to make their playing experience more equitable.
Discover the Unique Utility of Monsters Clan NFTs
As you may have guessed, NFTs make up a large part of the Monsters Clan economy. However, our NFTs aren’t cartoon pictures of rocks to brag to your friends about. Instead, our NFTs range from the monsters themselves which can be bought or created, or tools such as cauldrons and potions that can be bought, sold, and even rented in the Monsters Clan NFT Marketplace.
Renting NFTs
Ultimately, the goal of the Monsters Clan team and virtually everyone in the NFT gaming space is to create an ecosystem that is welcoming and user-friendly to those who don’t have extensive experience in the field of blockchain. To facilitate this, Monsters Clan allows players who are unsure about committing to a purchase or perhaps don’t yet have the capital to do so, to rent NFTs from other players, thus allowing them to participate in the game at their own pace.
This is a first for the NFT market and is truly a revolutionary idea that helps break down a nagging barrier newcomers face. However, this concept provides a two-pronged benefit as well, as the player who rents out the NFTs gains the opportunity to earn passive income.
Stake Your $MONS to Earn Valuable NFTs
Monsters Clan implements a new method of staking that allows users to earn valuable NFTs in exchange for contributing tokens to our liquidity pool. The type of NFTs will depend on the amount $MONS staked and the length of time they are locked. But once they are awarded, players can choose to utilize them to fortify their monster to win battles (thereby earning more valuable NFTs), or sell them on the NFT marketplace.
Let the Battle Begin!
NFTs have reshaped blockchain games and gaming in general, but there is much to be accomplished if we are to realize our goal of complete mass adoption. Monsters Clan takes a giant leap towards this goal by providing players with entertaining gameplay combined with an inclusive ecosystem that features lucrative income benefits. We can’t wait to reveal the Monsters Clan metaverse to the world, and we look forward to you benefitting from it.
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