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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

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    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

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    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

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    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

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    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

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    Rallies 10%, Polygon Bulls Aim Big

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    XRP Whales Accumulate Massive Tokens

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    Solana Rally Could Gather Pace above $30

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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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Genopets Finds Investor Backing for Move-to-Earn Game

2021-10-19
in Play2Earn
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Genopets Finds Investor Backing for Move-to-Earn Game
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The Solana-based move-to-earn recreation Genopets has raised $8.3 million in a seed funding spherical, which embody Konvoy Ventures, Pantera Capital, Animoca Manufacturers, Yield Guild Video games and several other different funding firms. Genopets desires to convey play-to-earn mechanics into the realm of wearable know-how.

In Genopets everyone can mint their first NFT pet without cost after which take part within the recreation’s economic system. By being lively gamers can degree up their pets, rising their rarity and unlocking expertise and attributes. Finally gamers can resell their upgraded pets, which after all can with advantages within the recreation as nicely.

Free gamers can earn from the sport just by levelling up their pet after which promoting it. This make Geopets a move-to-earn recreation, or play-to-earn mixed with bodily motion. Nevertheless, for those who don’t need to promote it, you should purchase a Habitat NFT to showcase your pet. These paid gamers earn KI tokens for his or her each day lively use. These gamers may generate and craft in-game objects, every of them an NFT. Gamers can use these things to reinforce their Genopets.

How does it work?

Genopets makes use of information tracked by a smartphone or health wearable to degree up a Genopet NFT within the recreation. Gamers can then summon their pet, and quest within the Genoverse to discover hidden lands, discover loot, craft objects and battle with different gamers. This additionally signifies that avid gamers can stroll round, degree up their NFT after which promote their progress on the general public market. That’s why they embrace the time period: move-to-earn.

The play-to-earn economic system of Genopets consists out of 4 parts:

  • GENE token – the governance and staking token for Genopets
  • KI token – the reward and utility token
  • XP – a state within the Genopet NFT meta information which might improve via exercise
  • Gene Crystals – NFTs crafted from GENE and KI to speed up and direct to evolution of a Genopet

Habitats are procedurally generated NFTs gamers should buy via the Genopets Market. Nevertheless, they will additionally craft these utilizing GENE tokens, KI tokens, and Gene Crystals. As well as, Habitats enhance the XP a Genopet can earn, and unlock the flexibility to craft Gene Crystals whereas incomes passive earnings in KI tokens. The Habitats appear to be the large funding alternative on this recreation, whereas crafting Gene Crystals can turn out to be a metaverse occupation.

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