- Crypto Champions, an entrepreneurship community with numerous participants, launched an NFT project, offering play-to-earn experience to the holders.
- The project came amid the booming Metaverse sector, that dominated the cryptocurrency market in Q4 2021.
YEREVAN (CoinChapter.com) – Crypto Champions, an NFT project minted atop the Ethereum blockchain and sold on the NFT marketplace OpenSea, offered 8,888 NFTs that portray 3D human models. Each model has unique features, gear, weapons, and background stories.
The self-proclaimed “greatest NFT project of all time” announced on Dec 13 that the Public Sale sold out within hours. Additionally, the project would give away $100,000 within 24 hours, and the chances of winning increase with the number of Champions owned.
What’s the Crypto Champions objective?
In detail, each NFT’s value in the collection is dynamic. The owners can battle their Crypto Champions in a series of gaming competitions and increase their Champion’s value in case of victory. Also, winning adds more features to the NFT character. However, some models are rarer than others, subsequently boosting their price.
If you are lucky and mint a rare NFT you can 2x, 5x, maybe even 10x the value of your investment in a few days. But we wanted to go further and allow holders to increase the value of their NFT with their skills. After the mint, Crypto Champions members will try to get the best score possible in a series of three very simple games. The highest scores you’re able to do, the rarest weapon you’ll earn, instantly increase the market value of your NFTexpains the website.
Crypto Champions’ claimed objective is to offer players an earning opportunity through NFT ownership and gaming. All the characters will be divided into Privileged and Rebels, who will fight in the “Metawar” and duel for power, improving their status and rank (from soldier to major).
The project features a reward system, where each Crypto Champion holder could be allegeable to win a $1 million giveaway set up by the founding team. Other rewards include private jet trips, vacations, luxury cars, etc.
According to the company website, the community also offers “access to priceless knowledge.”
The latter entails communication opportunities and learning courses from leading specialists in the fields of NFTs, Metaverses, and blockchain gaming. In addition, all the community members could gain access to weekly zoom calls and participate in various activities.
The entrepreneurship community attracted several celebrities, including American rapper Tyga and singer-songwriter Ne-Yo.
Booming Metaverse sector
Crypto Champions stepped on the stage amid the booming Metaverse gaming season. In detail, the Metaverse is a digital world where participants can own and trade digital properties. Objects in the Metaverse are represented by various NFTs that hold value and have earning potential.
The play-to-earn gaming paradigm enjoyed increased attention in Q4 2022. Moreover, various Metaverse tokens featured impressive year-to-date (YTD) performances. For example, Decentraland (MANA) gained 4,397% in the noted period, reaching over $6 billion in market capitalization.
Sandbox (SAND) forayed into the top 40 cryptos with a 14,629% YTD gain and a $4.7 billion market cap.
Similarly, Axie Infinity (AXS) led the parade with an almost 19,000% YTD increase. The Metaverse token ranked #28 by market cap on Dec 13. However, the gaming platform Gala (GALA) could take the gold with its 50,829% increase in the same period.
While each of the noted play-to-earn games features different ways for players to monetize their experience, the tokens were among the best performing cryptocurrencies in 2021 as of publication. The Metaverse craze continues with the “greatest NFT project of all time.”
The Crypto Champions project promises its users growing gains from rare NFT ownership and value growth from successfully completing the game.