The virtual economy is stormed by Binemon through their "Play-to-earn" NFT game
MANILA, Philippines, July 25, 2021 (GLOBE NEWSWIRE) -- Nearly two years have passed since the World Health Organization declared Covid-19 a pandemic. Hundreds of millions of people have lived through lockdowns. Unemployment rates have peaked since 2010, and 1 in 6 people in America lost their jobs. Families are trying to figure out how to survive the pandemic and look for a new job.
The heavy impact of this epidemic has created a transformation in many industries. Most companies tend to have employees working from home through computers and the internet. However, for small individuals, the story is not so straightforward. The lockdown will create difficulties for offline businesses. Therefore, the Make Money Online trend is being strongly promoted in most markets around the world during the time of the pandemic.
There is also a trend of "Play-to-earn" on Blockchain platforms to generate additional income without requiring too much expensive equipment in some markets. In Philippines, Axie Infinity has become a pioneer project when it has seen a growth of up to 2 billion USD thanks to the combination of Online games and Blockchain. However, the robust growth creates financial barriers for later entrants in other markets around the world. Many people regret that they have passed this enormous wave of NFT Games due to the high price of AXS.
The Real-World Applications of NFT Economies
Currently, a new project is on track to become the second unicorn in the "Play-to-earn" sector. The Binemon is one of the few anticipated projects that receive fantastic attention from the cryptocurrency community. Binemon was only released on 15th July but has proven to succeed beyond expectations by producing an upsurge of "Play-to-earn" and "NFT Game" in a short time. Based on the project's official roadmp, Binemon is currently still in the early stages of development when allowing users to purchase eggs and fuse them together to formulate rare "Mons". The following stages in the development of Binemon will enable players to perform daily tasks, organize individual battles to entertain with other players, or obtain and sell limited gears on exchange as a real asset.
Gaming the NFT Market
On the business aspect, Binemon achieved particular accomplishments to show its ability to compete with the traditional entertainment companies. The increase in participants is a positive sign that the players immerse themselves into the Binemon digital universe.
Some of the highlight reports by Binemon statistics:
What does this mean for Users?
The world is observing the current crypto and NFT hype and questioning what will happen in the next 12 months. In reality, Binemon developer has the vision from 3 to 5 years, which will be the ‘make and break’ period for this technology, and the new business models to be mature. Those business strategies serve as the high-quality foundation for games come to market; blockchain-enabled gaming economies could become the fastest-growing segment of what is approaching a $200 billion market.
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