By
Chimamanda U. Martha
April 22nd, 2024
Acting as a platform where partners can distribute their tokens in-game, Faraland gives players an opportunity to earn tokens from other projects as they interact with the game.
Play-to-earn (P2E) non-fungible token (NFT) games are all the rage these days. They combine gaming, NFTs, and decentralized finance (DeFi) into an entertainment package that rewards players with financial incentives for having fun, and they are growing wildly popular with both the crypto and gaming communities.
One NFT metaverse, Faraland, is quickly shaping up to be one of the more lucrative games in this growing sector of P2E. Gameplay in Faraland promises to provide an addictively exciting experience, and the rewards for playing are hard to ignore.
Faraland Collectible Heroes Battle for Value in Metaverse RPG
Faraland launched their NFT series of heroes earlier this year featuring humans, orcs, angels, demons, dragonborns, elves, and fairies. Each of these races can be trained, equipped, and eventually led into battle in order to raise or lower their value by winning or losing duels with other players’ heroes.
On August 17th, the Binance NFT Marketplace listed 10,081 Faraland Mystery Boxes filled with weapons and items of varying rarities, and they all sold out within one minute. There now exists a $2 million trade volume for these Faraland NFTs on the Binance NFT secondary market, and this figure is most likely going to rise as the project releases more features and gameplay to create a fully playable RPG metaverse.
Faraland’s world map is still months away from launch (due out Q1 of 2022), yet Faraland’s NFT heroes are already seeing prices rise through the roof. One NFT hero has sold for a whopping 200 BNB, or around $98,000 at the time of writing. Part of this momentum is due to Faraland’s approach to partnerships, which focuses on onboarding partners to the game and rewarding users with each respective token from partners. This helps attract new users from other communities, such as Lightning Cash, to jointly enhance this new blockchain metaverse.
Faraland Wins Binance Smart Chain MVB II: The Big Bang of NFTs
Faraland beat out over 500 qualifying NFT and DeFi projects to be selected as a winner of Binance Smart Chain’s (BSC) second-ever Most Valuable Builder (MVB) competition. Faraland’s metaverse joined nine other NFT-focused projects on the BSC that have been deemed the most popular, secure, and innovative entrants in the second iteration of these MVB contests, entitled The Big Bang of NFTs.
Winning this competition earned Faraland a $10,000 grant, a full security audit (Faraland has been audited by both Certik and MoonPool), and the opportunity to receive direct funding from Binance as well as a listing for Faraland’s FaraCrystal token (FARA) in the Binance Innovation Zone. FARA received an extremely low-risk score of 96 from Safe Solidity (deemed one of the cleanest coded tokens coming out of the BSC), and Certik awarded 93 points to FARA as well.
FARA experienced a blistering rise in price during mid-July, rocketing nearly 700% to the moon in one week alone. In addition to their monetary value, FARA can be used to enhance hero NFTs by staking them on Faraland’s platform, making FARA a truly useful utility token for those serious about gaming with their NFTs.
Players Can Earn by Playing in Multiple Ways
It’s been argued that P2E games are the catalyst for the current leg of the crypto bull market. It’s also estimated that the video game industry will reach close to $140 billion in revenue by the end of 2021. By adding the booming sphere of NFTs and DeFi to the gaming equation, experts might have to readjust that initial 2021 estimate a bit higher, and a lot of that extra revenue will undoubtedly end up in gamers’ pockets.
When it comes to filling gamers’ pockets, Faraland is proving to be more than your run-of-the-mill P2E game. Acting as a platform where partners can distribute their tokens in-game, Faraland gives players an opportunity to earn tokens from other projects as they interact with the game. This brings a whole new level of DeFi friendly gameplay to the world of P2E.
From both gaming and DeFi perspectives, there’s a lot to like about Faraland. Faraland NFTs are highly sought after, and their value is tightly interwoven into gameplay where players battle for keeps – real money is put on the line when a hero wins or loses – and as the project expands into more and more partnerships, Farland itself becomes more tightly interwoven into the DeFi community, making this game a truly DeFi integrated NFT metaverse.