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Play-to-Earn Metaverse Wizardia: A Real-world Monetary Rewards for successful Gameplay

Metaverse

coinquora.com 11 January 2022 13:01, UTC
  
Reading time: ~3 m

Wizardia immerses players in a fantasy realm overrun and warped by a menacing fog. This entails fighting other player-characters in PvP battle arenas, constructing home bases while contending with a finite resource environment, competing in tournaments, and solving puzzles with the assistance of other players in a cooperative game mode in gaming terms.

The game’s Play-to-Earn (P2E) features complement Wizardia’s lore-filled fantasy metaverse, in which players earn real-world monetary rewards for successful gameplay and can improve the worth of their in-game characters and things to earn both passive and active revenue in the real world.

Wizardia makes use of NFT (non-fungible token) technology to serve as both the player’s in-game avatar and the game’s economic base. NFTs can be upgraded by gaining precious resources during gaming and then sold for profit in an in-game marketplace. Items and spells, known in-game as Artefacts and Protospells, can be found, enhanced, traded, or simply kept and employed by the player to improve their chances of surviving in the game world.

Expanding the Cryptosphere With Metaverses and NFTs

Wizardia is a game that combines modern-day game mechanics with the spirit of independence embodied by the DeFi (decentralized finance) space. It is based on pioneering technology from the most recent phase of the crypto industry’s development such as GameFi, NFTs, and Metaverse worlds in an attempt to combine modern-day game mechanics with the spirit of independence embodied by the DeFi (decentralized finance) space.

Between 2020 and 2022, the emergence of DeFi, and more specifically, the blockchain gaming or GameFi space, which many commentators have credited with boosting the overall prospects and popularity of the crypto market, coincided with the historic rise in the value of Bitcoin, Ethereum, and a slew of other cryptocurrencies.

In November 2021, trade volume among blockchain-based games reached over half a billion dollars, and it continues to exceed $100 million daily. According to data from DappRadar, the number of people playing blockchain games will increase from 390,000 to over 1.4 million in 2021.

Gaming Profits

Wizardia’s slow sale of 28,000 unique Arena Founder’s NFTs will only serve a small portion of the overall DeFi user base, but it will have a significant impact as the game grows. Founder’s NFTs collect royalties from combat in the game’s Arena realm, generating passive income over time.

Early investors will also be able to purchase a batch of one-time offer ‘Magic Contracts,’ which provide direct ongoing exposure to the passive income created by the Battle Arena realm, which is only one of the Realm Wonders in the works.

The Wizard NFTs, which represent the player character in-game, are the second sort of in-game NFTs. The rarest NFTs, no matter how weak they are at the start of the game, will eventually outperform and outrank most other NFTs in the game world provided they are properly upgraded.

The in-game money will be the native utility token, WZRD, which will be traded on prominent DEXs and CEXs. Wizardia’s players will be charged with traversing a newly born universe and changing their own reality in the process, similar to the developers working in the DeFi space.

Throughout early January, Wizardia will be airdropping $15,000 in prizes to its community. Participants in the airdrop will get $12,750 in Wizard NFTs, $1,000 in Arena NFTs, and $1,250 in USDT (Tether), all of which will be distributed on Binance Smart Chain.

The airdrop will end on the 20th of January. To win the free contest, simply provide your email address.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.


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