What is Crypto Arcade?
The NFT approach is ideal for the video gaming business. Crypto Arcade is an excellent illustration of how NFTs not only increase their bounds but also transform the equity distribution mechanism of game assets. Indeed, each Flappy NFT will be playable in the game and will grant access to a variety of benefits, like free games and payouts on the company’s profits. NFTs (non-fungible tokens) are digital tokens with distinct features, such as a video clip, a piece of digital art, or a piece of music. NFTs’ originator, current ownership, and sales history can all be validated in the blockchain, unlike typical digital files.
The tokenization of well-known collections that span generations, such as Pokemon trading cards and video games, is at the root of the current NFT craze. Blockchain-based NFTs, such as CryptoPunks, and artworks by the Bored Ape Yacht Club, which have sold in the millions, are the most recent additions to these collections.
How does Crypto Arcade work?
The Tezos blockchain is used by Crypto Arcade to create play-to-earn arcade games. Their mission is to resurrect classic arcade games. Their debut game is a reimagining of the popular “Flappy Bird” app, which has over 50 million downloads. This is the first game in the series, and it comes with a collection of 10,000 unique NFTs that any owner will be able to play with.
NFT owners will be entitled to a minimum of 100 free games every week, allowing them to play in prize-winning matches in addition to being the only owner of their character. The amount of free games connected with an NFT is proportional to its environmental scarcity. The higher the number of free games per week, the rarer the NFT (in addition to the design attributes).
Furthermore, each NFT holder will be considered a stakeholder in the game’s income, with 50 percent of the profits going to them.
Those who were not fortunate enough to mint in time, however, may still play the game for 0.025 XTZ every game (price-reducing depending on the chosen pack), and therefore participate in the total game ranking and prize.
They update the leaderboard every seven days and deliver the prizes to the winners’ wallets. To assure a minimum payment for each session, regardless of the number of players, 15% of the prize pool from the previous contest is used for the following reward pool, and so on. Each Crypto Arcade game includes its own NFT collection and scoreboard, allowing players to track their progress in real-time.
The founders of Crypto Arcade have chosen to give 10% of the sale of the connected NFT for the first prize pool of a game release.
Unlike other NFT projects, where you must devote to the community for weeks in order to attain the coveted whitelist status, Crypto Arcade merely considers your playing abilities.
As a result, they’ve made the game available to all site visitors for free since the beginning. This free access has two benefits: the top 1500 players will be added to the whitelist immediately, and the community may practice on the game to improve their scores in preparation for when the play-to-earn tournament opens (the minute after the project is sold out).
From arcade machines to home systems like the NES and Super Nintendo, arcade games have been around for decades. Everyone got the chance to participate in and enjoy such games.
The team wants to recreate an experience that recalls every one of these legendary games at Crypto Arcade.
There are four pillars of development that must be developed in order to achieve Crypto Arcade goal and to include as many individuals as possible in the Crypto Arcade universe:
1) Convenience of access
They want everyone to be able to join in on the Crypto Arcade experience, which is why they chose to build their ecosystem on XTZ, which has incredibly cheap operational expenses and a minimal carbon impact.
2) Changing the current communication codes
Crypto Arcade has opted to adopt growth hacking tactics in order to ensure cost-effective games for the Crypto Arcade community. The creation of games, transaction security, and the design of NFT collection are their primary investments. Flappy owners will have access to an exclusive Telegram chat forum.
3) Build a community around the initiative rather than the bots.
The majority of NFT communities follow a similar pattern: a Discord server and an Instagram account.
The task for project managers is to generate buzz and interaction on social media channels. Unfortunately, the majority of initiatives are built on the basis of fake members, followers, and involvement. Crypto Arcade will not start Discord, or Instagram in order to reduce these issues. They want the community to get involved with their games rather than the hype. They intend to build up a DAO voting mechanism on the strategic directions that Crypto Arcade will pursue in order to guarantee that the community is actively involved.
4) Recognizing and rewarding our communities
Each Crypto Arcade gamer will be ranked once a week. Obviously, the highest-ranked players will win the most money (in XTZ).
As a result, the win-win philosophy is central to their development. Members of the community will be motivated to play as many games as possible in order to improve their ranking; the more involved the community is, the more new games the Crypto Arcade team will be able to create.
Flappys will be available on all Tezos NFT marketplaces, with a focus on OBJKT and Rarible
Given the financial benefits associated with Flappys ownership, we predict the value of Flappys on the second market to be 5 to 10 times greater than the mint price.
Owning a Flappy entitles you to:
- a certain number of free games every week based on the rarity of the Flappy NFT –
- 50% of the game’s revenues
The amount of Flappys held multiplies these benefits.
To know more about Crypto Arcade visit www.arcade-crypto.com