Non-fungible tokens are renewing themselves thanks to a project that would like to work twice as hard in purifying the crypto sector. However, the initiative is not without suspicion.
Free NFTs for users…
NFTs have been looking gray for a few weeks. As their market sees its trading volume drastically decrease, especially on an NFT marketplace such as OpenSea, digital artworks no longer seem fashionable. However, initiatives in their honor continue to flow. The last, in the form of a performance performed by Snoop Dogg and Eminem, however, did not convince the spectators.
However, some projects have not said their last word. If their market collapses, the players have understood that its transformation was their only salvation. Indeed, since the crypto winter, industry priorities have shifted dramatically, favoring security over speculation. An initiative that was not followed by non-fungible tokens for whom the crisis arrived late.
For the project Limit Break, the monetization model is over. The company wants to base its activity on the development of web3 games but its first action concerns exclusively NFTs. Indeed, the company has just created its first collection, whose works will be data for free to users.
…but the reward is not effortless
The model chosen by Limit Break is as follows: the free non-fungible tokens would be used to create a community of players. True owners of the NFTs, they would have the right to resell the works as they please, after some time. The latter would also generate new collections.
Thus, speculation would be squeezed out of the game: instead of being able to sell their NFTs immediately, the owners would be forced to play and participate in the expansion of the project if they wish to see them gain in value.
With this, the founder of Limit Break hopes to stem crypto scams from both user and company sides. Both developers and players would commit to one and the same objective: to grow the game with the possibility of making money by reselling their NFTs. Thus, the project would focus on a reward system allowing the most active to stand out instead of focusing on immediate gains.
For the moment, Limit Break would have collected nearly 200 million dollars for the implementation of its project. Big names such as Coinbase or even FTX, very committed to the renewal of the sector, participated in the fundraising.
The free-to-own model still raises doubts
If big crypto companies want to see the project grow, others still have some doubts about its success. Changpeng Zhao, CEO of Binance, himself questioned the interest of free-to-own NFTs.
A questioning taken up by some Internet users for whom the model would be outdated from the first sales of NFT. The free-to-own model will therefore have to demonstrate that it will not open the door to a new wave of profits generated by patient but miserly players. In this case, Limit Break would be a direct participant in the monetization he would like to fight.
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Free-to-own NFTs are coming to the crypto industry – BeinCrypto
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