Colexion To Introduce One-of-Its-kind Gaming To Enable Play-to-Earn Model for Users
12 December 2021 - 4:00AM
NEWSBTC
Colexion stays at the forefront to empower India’s gaming
enthusiasts to shape their future and provide multiple growth
opportunities. Launching the world’s biggest NFT drop of 30
celebrities on 12th December IST. Being the second-most populous
country, India has the largest number of mobile gamers in the
world. And with the advancement in blockchain and VR/AR technology,
the gaming industry is paving its way to disrupt the industry with
rapidly increasing users each passing day. Video games have
considerably evolved in the past few decades. In fact, the global
gaming market, which was valued at USD 173.70 billion in 2020, is
predicted to reach USD 314.40 billion by 2026, with a CAGR of 9.64%
between 2021 and 2026. The fact that people can earn while playing
and then sell it to other people is what has been the driving force
behind the popularity of gaming. Today, people are trying different
ways and tactics to channelize their creativity and explore all the
futuristic opportunities in the virtual world. Therefore, it’s
imperative to understand the basic differences between crypto
gaming and NFT gaming. While crypto gaming stays outside all the
disadvantages of centralization, NFT in gaming allows users to
enjoy ownership rights of their exclusive games. This further adds
value to gaming, making it much more popular within the gaming
world. To simplify this, Crypto gaming uses cryptocurrency to earn
and transact with other players. On the other hand, NFT gaming
offers a much more complete experience focused on using native
currency to generate and collect unique gaming assets that can be
used in the game for special actions and powers. Colexion is built
to provide infinite opportunities to emerging digital artists where
users collect, battle, and earn tokens or rewards while playing.
Play-to-earn is a whole new paradigm based on creating real-world
value out of in-game items and other forms of digital goods using
non-fungible tokens, cryptocurrency and other blockchain
technologies. The platform is launching its first set of NFT trump
cards featuring 30+ legends from the entertainment and sports
fraternity on December 12th, 2021 at 12:12:21 pm IST. The Trump
Cards will enable users to play and win games. In addition, NFTs
will contain voice-overs of profound celebrities to make fans feel
more connected to them. With its NFTs, Colexion will provide a
chance for users to meet their stars in person and win their signed
merchandise. Positioning itself at the intersection of innovative
NFT digital collectibles, this initial NFT drop will serve as a
model for celebrities who wish to offer fans verified ownership of
their digital currency along with perks embedded in the Colexion
ecosystem. As traditional gaming requires a more complex setup,
virtual gaming has been evolved to make the overall user experience
seamless and unified. And Colexion, through its easy-to-use
interface, will empower individuals to strengthen their community
and earn recognition among others. With the rise in popularity of
NFTs in 2021, virtual gaming brings digital assets and identity
into the player’s hands, riding on the push for decentralization in
the gaming industry. Investors have taken notice of the trend, with
Polygon being a major investor. Speaking about the future of
gaming, Founder Abhay Aggrawal says, “NFT gaming is emerging as a
gigantic sector that has enormous potential. We offer our users a
virtual and real-world experience through the latest innovation and
technology. We provide an opportunity to play with NFTs and earn
revenue through it. Our NFT marketplace will also provide the
gathering of trading cards as NFTs to set up your NFT card
collection. While it is no secret that the NFT market is growing to
become a billion-dollar industry, games are one of the best-suited
use cases of NFTs that have enormous potential for growth”. Having
said that, Colexion manifests a new generation of games, where
gamers will get the freedom to explore different opportunities and
operate from a place that is free of any restrictions and earn
rewards for the same.
Polygon (COIN:MATICUSD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Polygon (COIN:MATICUSD)
Historical Stock Chart
From Apr 2023 to Apr 2024