Non-fungible tokens are reinventing themselves thanks to a project that wants to work twice as hard to purify the crypto sector. However, the initiative is not without doubt.
Free NFT for users…
NFTs have been looking gray for weeks. Although their market has drastically reduced its trading volume, especially in an NFT marketplace such as OpenSea, the digital artworks no longer seem to be up to date. However, initiatives in their honor continue. The last one, in the form of a performance by Snoop Dogg and Eminem, however, failed to convince the audience.
However, some projects have not spoken their end. If their market collapsed, players realized that conversion was their only escape. In fact, since the crypto winter, industry priorities have changed dramatically, favoring security over speculation. An initiative not followed by non-fungible tokens for whom the crisis came late.
For limit break projects, the monetization model is over The company intends to base its activities on the development of web3 games but its first action is exclusively related to NFTs. In fact, the company has created its first collection, whose works will be given to users for free.
…but the reward is not easy
The model chosen by Limit Break is as follows: Free non-fungible tokens will be used to build a community of players. The actual owners of NFTs will, after some time, have the right to resell the works as they wish The latter will also create new collections.
Thus, speculation will be taken out of the game: instead of being able to immediately sell their NFTs, owners will be forced to play and participate in project expansion if they want to see their value gain.
With this, the founders of Limit Break hope to stop crypto scams from both users and companies. Both developers and players will be committed to one and the same goal: growing the game with the possibility of making money by reselling their NFTs. Thus, the project will focus on a reward system that allows the most active individuals to stand out, rather than focusing on immediate gains.
Right now, Limit Break will raise about $200 million to implement its project. Big names like Coinbase or even FTX, highly committed to renewing the sector, participated in the fundraising.
The free-to-own model still raises doubts
While major crypto companies want to see the project grow, others still have some doubts about its success. Binance CEO Changpeng Zhao himself questioned the merits of free-to-own NFTs.
A question taken by some internet users for whom the model will become obsolete from the first sale of NFT The free-to-own model must therefore demonstrate that it will not open the door to a new wave of profits generated by patient but stingy players. In this case, Limit Break will be a direct participant in the monetization he wants to fight.
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