According to estimates, there are over 3 billion gamers across the globe. The COVID-19 pandemic seemed to have accelerated participation, explaining the unprecedented uptick in resources dedicated to gaming. Data from indicates that over $177 billion was funneled to gaming gear and assets in 2021 alone.
The future of blockchain gaming is even brighter with exciting innovations fusing DeFi and NFTs for a lucrative play-to-earn model, placing gamers at the center.
Play-to-Earn models are integral in blockchain gaming, a reason why there is growing interest among developers to integrate NFT in their operations. Factoring the role of P2E, continuous growth of mobile gaming, and more investment in the metaverse, the future of blockchain gaming, NFTs, and GameFi, looks more promising.
Era7 Combines DeFi and NFTs for a Lucrative GameFi Experience
Era7: Game of Truth is a BINANCE Smart Chain (BSC)-based trading card game taking advantage of the network's activity density, decentralization, and security to develop an interactive, fun, and rewarding GameFi game with play-to-earn mechanics.
Based on the global ledger, the Era7: Game of Truth is inspired by HearthstoneMagic: The Gathering, rolling out interactive gameplay in their metaverse where gamers would draw maximum benefit from the Play-to-Earn model. Era7 gamers can combine NFT cards from their library in different ways, ensuring that their deck is always as strong as possible.
While gamers have to monitor their deck, they are also required to keep track of their opponents, gauging their strength and tracking their movements. Existing as NFTs, different Era7 cards vary in features and qualities. They can be collected from marketplaces, rewards for battling, or summoning. However, Era7 has indicated that they will continuously update the game, add new cards, and even introduce new methods.
Era7: Game of Truth (ERA) IFO Details
Ahead of the game's launch in Q1 2022, the Era7: Game of Truth's Initial Farm Offering (IFO) is scheduled for February 18 on PancakeSwap. PancakeSwap is the largest DEX on the BSC and has an IFO launchpad. ERA token sale will start from 0900 HRs UTC to 1000 HRS UTC on February 18, where the objective is to raise $1.8 million in CAKE. Twenty million ERA tokens, representing two percent of the initial supply, will be available to investors at $0.09 each. All CAKE raised from the token sale will be channeled for project development.
Details from PancakeSwap reveal that there will be two modes of investment determined by CAKE staking. The IFO calculation period starts from February 11 to 18, where interested investors have to stake CAKE in the IFO Cake Pool. At this time, interested users have to create an active PancakeSwap profile and buy CAKE. During the actual sale, on February 18, users must commit CAKE to buy ERA. Afterwards, users would claim their ERA, and any unspent funds will be automatically reverted to the investor.
Investors who want to participate in the Private Sale must own a Pancake Squad bunny and set it as their profile picture. The objective of this private sale will be to raise $300k from the 20 percent of sale allocation. Meanwhile, users can participate in the Public Sale, which is open to all. However, PancakeSwap will charge a participation fee of one percent—which decreases in cliffs subject to the overflow percentage. There is no limitation to the number of funds a user wishes to acquire ERA. The participation fee accrued will be burnt. Besides the sale, there will be a CAKE staking program immediately after the IFO ends, where rewards will be distributed in ERA after the two-month lock-up period.
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