Floki PetWorld is here, as its IDO went live on Nov 12

Key Floki PetWorld Takeaways:

• FPET IDO took place on Nov 12, at 18:00 UTC.
• The Floki PetWorld aims to ocupy the sweetwpot between meme coins, NFTs and play-to-earn (P2E) games.

YEREVAN (CoinChapter.com) – There’s a new dog on the block, newborn dog-themed crypto called Floki PetWorld. It is a cross-breed between a meme coin and an NFT-fueled PetWorld. The creators offer users to trade, collect, and diversify their portfolio with a tokenized Meme Economy within the project.

Moreover, the project’s native token, FPET, might have a chance to compete with other successful meme coins, such as the original Dogecoin, Shiba Inu, Floki, and others. The network announced an IDO (Initial Decentralized Exchange Offering) on Nov 12, at 19:00 UTC, after the private sale.

Also read: Floki Inu launches expensive ad campaign in London as price soars 70%

In an attempt to tie the booming NFT sector to the equally profitable meme-coins, Floki Pet World users can trade NFTs on the platform and have access to P2E (play to earn) games soon.

NFTs and P2E all the rage?

Play-to-earn-style games have gained popularity in Q4. According to the Q3 Dapp Industry Report, gaming is booming on various DeFi platforms. The number of Unique Active Wallets (UAW) on gaming-related blockchains increased by 140% quarter-on-quarter, and Q4 might show a similar picture compared to Q3.

Moreover, P2E gams like Axie Infinity enjoyed substantial gains. The crypto’s native token AXS gained a whopping 34,122% year-to-date. The CEO of gaming giant Electronic Arts (EA), Andrew Wilson, agrees that blockchain gaming and the ‘play-to earn’ sector have potential.

I think that in the context of the games we create and the live services that we offer, collectible digital content is going to play a meaningful part in our future. So, it’s still early to tell, but I think we’re in a really good position, and we should expect us to kind of think more innovatively and creatively about that on a go-forward basis.

said the CEO.

Also read: Axie Infinity “programmed” to hit $200 as AXS rallies 20% on red crypto day.

Moreover, NFTs are also booming on various DeFi platforms, like Ethereum, Solana, Harmony, etc. Although the numbers for Q4 are not in yet, the Q3 report mentioned above paints an optimistic picture for NFT growth.

The upcoming sessions will tell if Floki Pet World (FPET) can enter the NFT and P2E sectors and successfully stay relevant.