- CyberKongz is one of the first collections to incorporate a token generation process within its NFTs and breeding system.
- As NFT projects prepare to enter the Metaverse, it appears that they are shifting away from static visuals and toward including mechanisms that give usefulness.
- In the CyberKongz ecosystem, the underlying principle of play-and-collect is that each component in the collection is meant to serve a significant part in delivering usefulness.
Perhaps NFT collections are maturing and concentrating on delivering on their long-term roadmaps. It’s also feasible that they’re looking for strategies to maintain their worth and relevance in their particular communities in 2022.
“Play-and-Collect”
CyberKongz is one of the first, if not the first, collections to incorporate a token generation process within its NFTs and breeding system. Its governance token, BANANA, was launched as a mechanism for users to customize and breed BebeKongz with their NFT.
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To reward and empower BebeKongz owners, CyberKongz announced that each genesis or BebeKong may be redeemed for a CyberKongz VX. CyberKongz VX is the collection’s full-bodied, 3D pixelated variants.
CyberKongz isn’t the only collection experimenting with gamification to offer its NFTs usefulness; Cool Cats’ next collection Cool Pets will be able to earn an in-game token GOLD. Users must have MILK to claim the GOLD, which Cool Cats will soon create on a daily basis.
Other ventures, aside from gamification, have recognized that a community collective is just as valuable as a utility.
Notably, Bored Ape Yacht Club has gathered over $1 billion in total volume and launched a mobile play-and-earn game, while CyberKongz and SmolBrains continue to introduce and integrate additional gamification aspects into their collections.
According to rumors, there is a new term to be aware of: “play-and-collect,” which was invented by CyberKongz.
In the CyberKongz ecosystem, the underlying principle of play-and-collect is that each component in the collection is meant to serve a significant part in delivering usefulness. Pieces are no longer merely visually beautiful; they are also functional.
Similarly, Franky Nines’ SupDucks PFP collection creates VOLT, the utility token that collectors use to buy ingredients to spawn a creature.
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Strong communities
Strong communities are sometimes cited as one of the reasons why particular collections are popular and judged successful. Strong communities, on the other hand, are looking for methods to assure that they obtain some type of return on their original capital investment, and rightly so.
Purchasing artwork is more than simply a financial investment for some NFT investors. Members of the community engage their time and skill in project efforts, and development teams strategize on how to capture and keep the attention of its members in order to preserve and increase the project’s value.
Investors tend to be looking for projects with strong communities and utility, but it also appears that technical capabilities are high on the list. This thought became clear after Cool Cats’ Cool Pets collection had back-to-back success.
Source: https://www.thecoinrepublic.com/2022/02/07/metaverse-objective-in-2022-incorporate-gamification-and-emit-token-schemes-into-the-plan/