Minimize Investment Risks in GameFi: A Closer Look at NFT City Miner
In the rapidly evolving landscape of blockchain technology, a new era of gaming and finance convergence has emerged, giving rise to the exciting concept of GameFi.
Before we talk about the minimization of investment risks in NFT City Miner, we would like to briefly introduce the concept of GameFi and why it is so great!
What is GameFi?
GameFi, short for Game Finance, is a term that refers to the fusion of blockchain technology, decentralized finance (DeFi), and gaming. It represents integrating gaming elements and mechanics with financial incentives and blockchain-based assets.
By merging gaming and finance, GameFi aims to create a more immersive, rewarding, and financially inclusive gaming experience. In GameFi, players can leverage their skills, achievements, and assets to generate income. Additionally, GameFi projects often embrace decentralized governance models, giving players a voice in shaping the game’s future and its ecosystem.
NFT City Miner as GameFi
In NFT City Miner, as explained in previous articles, there will be several ways of earning:
- Own Hora Miners to generate Hora Coins
- Own NFT Building and rent rig sports to Hora Miner owners
- Become a Building Manager & earn a percentage of building earnings (you can manage multiple buildings)
- Assemble GPUs or Hora Miners, and you can sell them on the marketplace
Problems of current GameFi
We’ve seen a lot of projects in the past couple of years, and some of them were and still are pretty good.
But there is something that is missing for a GameFi project to be amazing, that is — a well-rounded ecosystem!
With NFT City Miner, we plan to have something revolutionary to reshape the existing GameFi genre.
One of the primary worries surrounding GameFi projects is their susceptibility to crash-and-burn scenarios. Typically, these ventures thrive solely when new players flock to them. Yet, they need the necessary mechanisms for long-term sustainability.
So, how do we propose to revolutionize this paradigm? By forging a robust system underpinned by the ETH Fund, we aim to secure the minimum prices of NFTs and safeguard the value of mined coins.
This transformative approach ensures stability, creating an environment where players can confidently navigate the ever-evolving GameFi terrain.
ETH Fund
ETH Fund is an ecosystem created to prevent the manipulation of the market and speculation, intending to support and accelerate the project’s growth!
When you invest in NFTs (Hora Miners) in NFT City Miner, your funds will not flow into the developers’ wallets; instead, they will be directly channeled into smart contracts. These contracts serve a dual purpose: they underpin the governance currency’s price and establish a minimum floor for NFT values, securing the ecosystem’s stability.
However, what truly sets the ETH Fund apart is its player-centric approach.
Players can reclaim a portion of their initial investment at any given moment. By utilizing this feature, players can redeem approximately 90% of their invested amount in the form of $ETH, providing them with added flexibility and control over their financial journey.
This topic deserves its dedicated Medium post, so we will only go into some detail now. We will explain everything there.
In conclusion, the realm of GameFi holds immense potential for revolutionizing the way we approach gaming and finance. As we have explored the captivating universe of NFT City Miner and its innovative solutions, it becomes evident that GameFi is poised for remarkable growth.
While this article has provided a glimpse into the exciting concepts of GameFi and NFT City Miner, there is much more to uncover. Stay tuned for our forthcoming dedicated Medium post, where we will delve deeper into the intricacies of this groundbreaking GameFi experience, offering comprehensive insights and unveiling the transformative potential that lies within.
