• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, May 14, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

GameFi project is set to revolutionize Crypto gaming

by Baisakhi Mishra
September 20, 2021
in Crypto, News, NFTs
Reading Time: 2 mins read
0
GameFi project is set to revolutionize the way we interact with our digital currency

Image Source: PlatoAiStream

TwitterWhatsappLinkedin

In the crypto industry, GameFi, Crypto gaming, or “play-to-earn” games have become a fast-evolving trend. GameFi is a term used to describe blockchain games that allow users to earn cryptocurrency simply by playing them. Cryptocurrencies are a worldwide phenomenon, and industries all around the world are embracing the new technology. Online gaming, in particular, has become a breeding ground for innovative ideas in this field. GameFi project is set to revolutionize crypto gaming.

You might also like

U.S.-Saudi business lunch attended by Elon Musk, Sam Altman, and Top U.S. CEOs

DHL to Lay Off Over 360 Workers as Major California Warehouse Shuts Down Amid Industry Upheaval

SoftBank Group Posted its First Annual Profit in Four Years Sparks Renewed Investor Confidence

GameFi project is set to revolutionize the way we interact with our digital currency
Image Source: PlatoAiStream

Joseph Rubin, co-founder, and CEO of Blue Monster Games talked about the upcoming launch of GameFi Karat Racing League, a play-to-earn NFT game with 3D NFT characters and a kart racing game.

The game is a fast-paced, action-packed kart racer. The game’s gameplay was influenced by popular games like Sonic and Mario Kart, while the crypto and NFT elements are more akin to Axie Infinity. To play, one will need a Racer NFT. The 3D characters are developed, each with their style and personality (i.e. speed, acceleration, etc.). Players can either purchase a Racer NFT or participate in one of our free-to-play programs, sometimes known as scholarships revealed by Joseph Rubin in a recent interview.

In the GameFi project, there are a lot of interesting features. The use of 3D NFTs is a unique feature that we haven’t seen anywhere. There has also never been a crypto kart racing game before. The entire platform is chock-full of cutting-edge features. We will, for example, offer the world’s first NFT marketplace, where users may borrow and lend their NFTs. Players can rent their Racers to those who can’t afford to buy one or who just want to test the game out for a while.

Smart contracts (on the Ethereum blockchain) will control these loan arrangements, which will deliver a set income to the NFT’s owner. As a result, users can profit from their NFTs even if they aren’t utilizing them.

”I believe in terms of liquidity, it will be an entirely player-run economy after the initial launch. For the gamers to get access to it, they’ll need a Racer NFT once again. These will be available for purchase very soon on the NFT Marketplace! Tournaments, seasons, and individual races will all be available for players to earn money in the game” said Joseph Rubin.

”We intend to hold several amazing GameFi e-sports competitions with KOO token awards. Furthermore, I believe that all of the future games that we will be releasing will excite players the most. We want to have play-to-earn NFT games in every genre imaginable, so please send me an email with your game ideas, and we’ll see what we can do to make them a reality. We have a fantastic development team, which is crucial to making all of this possible” added Joseph Rubin on being asked about other exciting plans for the gamers.

If you find this informative then do share it with your friends and family!

Also read: Buyers of Manhattan Retail Properties Can Pay with Bitcoin

Tags: #GameFi#Joseph RubinNFT
Tweet54SendShare15
Previous Post

The Elder Scrolls Online will be the first to implement Nvidia’s New DLAA Tech

Next Post

Paypal completes its cryptocurrency offering rollout in United Kingdom.

Baisakhi Mishra

Recommended For You

U.S.-Saudi business lunch attended by Elon Musk, Sam Altman, and Top U.S. CEOs

by Anochie Esther
May 14, 2025
0
Power lunch

In a moment that blended geopolitical symbolism with corporate ambition, some of the most powerful figures in American business gathered around a lunch table in Riyadh this week,...

Read more

DHL to Lay Off Over 360 Workers as Major California Warehouse Shuts Down Amid Industry Upheaval

by Anochie Esther
May 14, 2025
0
DHL

DHL is preparing to lay off more than 360 employees as it shutters a major warehouse in Ontario. The closure, set to begin this July and complete by...

Read more

SoftBank Group Posted its First Annual Profit in Four Years Sparks Renewed Investor Confidence

by Anochie Esther
May 14, 2025
0
SoftBank Group

In a much-needed win for Japan’s investment powerhouse, SoftBank Group has posted its first annual profit in four years a financial milestone that not only signals a rebound...

Read more
Next Post
credits- cryptopotato

Paypal completes its cryptocurrency offering rollout in United Kingdom.

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?