Menu
NFT4Play has a strong leadership team with over a century’s experience in delivering regulated iGaming platforms. The CEO (Marc Lee) and CTO (Marc de Villiers) own a gaming development company (Fluidity Solutions) and will be leveraging the staff and assets in the company to rapidly deploy the platform. In addition, there is a strong marketing and gaming expertise in the core team which is further augmented by a strong set of advisors.
NFT4PLAY has also secured two critical partnerships:
Most of the NFT gaming companies we are seeing are focussing on making money out of NFT sales and are reticent in getting involved in iGaming as they do not understand regulations. Those companies that are getting involved in crypto iGaming are focused on traditional casino games and sports betting – a very crowded market.
Our approach is simple; remove barriers to entry to play (e.g. NFT cards are free or cheap), build competition, enable players to power up cards (farming community with the secondary market), low cost of pay-to-play with high rewards, and enable players to bet against each other.
Most of the NFT gaming companies we are seeing are focussing on making money out of NFT sales and are reticent in getting involved in iGaming as they do not understand regulations. Those companies that are getting involved in crypto iGaming are focused on traditional casino games and sports betting – a very crowded market.
Every person must be a member to play. Membership starts at $25 and is fully redeemable. The membership pool will be deployed in optimizers and algorithm-based sports betting to generate a high APY return (target 40%). Members will receive the following rewards:
We will build a wide variety of sports and fantasy card games where players must pay 4PLAY (no more than 25c a game) to play against each other. They will be competing against each other in leagues and competitions to win prizes and bragging rights. In addition, they can place bets against each other in crypto with the winner taking all (less a reasonable rake that goes to NFT4Play).
We will apply the same principles to eSports with the only difference that players will be in leagues where they need to play the game on an esports platform. We believe this will have significant application.
While cards are practically free to acquire, players will be able to improve their stats by locking them up and paying 4PLAY tokens. It will take about $20 worth of 4PLAY tokens and 3 months to power up a card in full. A team of 11 soccer players and 3 subs will therefore cost $280. Not all players will want to take time to farm cards and farmers will therefore emerge who sell these cards on secondary markets to players that are willing to pay extra to play with stronger teams.
We will add value by selling sports memorabilia, sports betting tips, and eSports items – all of which can also be made available via 4PLAY based lotteries. These are not the “core” of the platform but add unique attractive features.
We will enable factions on the platform via selling faction-based NFTs which act as avatars. Factions will receive additional rewards in the membership program compared to non-faction members and will have their own chat groups. This creates additional revenue streams through the sale of faction NFTs which communities can register on our platform to get real rewards.
The core principle in our tokenomics is that players will use 4PLAY tokens to play and power-up cards. The main source of them acquiring 4PLAY tokens will be from investors on exchanges. Therefore, staking rewards of 4PLAY tokens on the platform will be minimal for Members but reasonable for investors who will be able to stake in high-volume lots.
Copyright © 2021 – SEND Foundation.