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What Is Nakamoto Games?

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Nakamoto Games might be the new go-to play-to-earn gaming platform. Check out our “What Is Nakamoto Games?” article to learn more.

Covered:

  • What Is Nakamoto Games?
  • Nakamoto Games Mechanics
  • Partners & Team
  • Tokenomics

What Is Nakamoto Games?

The prospect of earning an income while playing a game has attracted many gamers to invest their time and money into play-to-earn games such as Axie Infinity. Nakamoto Games is another new play-to-earn gaming platform that lets players participate in various blockchain-based games while potentially earning a steady revenue. 

Nakamoto Games not only aims to provide players with multiple in-house play-to-earn games, but they are also creating metaverse and plans to allow developers to deploy their play-to-earn games on their platform. To participate, players have to connect their Web3 wallet that holds the NAKA tokens before choosing a game to play. In addition, there will be multiple ways for players to earn rewards depending on the games’ setup. 

Nakamoto Games Features

Duck Hunter was the first game that Nakamoto Games launched to beta testers in October 2021. They have continued to launch more games on their platform and launched their mainnet on Polygon in December 2021. In addition, they are the first play-to-earn blockchain project to receive a grant from Polygon.

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Nakamoto Games Mechanics

As mentioned, Nakamoto Games aims to provide players with various play-to-earn games rather than restricting them to one. Additionally, the platform is developing a software development kit (SDK) for developers who want to create and launch games on the platform. 

The NAKA token is the utility token of the platform. Players need NAKA to power the games and buy special weapons or features for certain games. NAKA will be partially burned as more NAKA tokens are added to the reward pool to maintain the token’s economic stability and deflationary structure. Nakamoto Games will also set up a governance system allowing participants to vote on different proposals, such as burning NAKA tokens.

Apart from the platform, Nakamoto Games is building its metaverse called Nakaverse. Nakaverse will allow players to have an immersive gaming experience with the play-to-earn games from the platform and more. Other infrastructures such as shops, restaurants, NFT museums, and more will also be available in Nakaverse. This also means that there will be digital land plots for sale. Owners of the land plots will also have the advantage of creating valuable resources faster than other players. 

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Partners & Team

Nakamoto Games have several partnerships. UpOnly partners with Nakamoto Games and tracks the data of the games that launch within the Nakamoto Games ecosystem. Nakamoto Games launched their initial IDO on MoonStarter. The partnership continues as MoonStarter continues to support the development of Nakamoto Games. Nakamoto Games have received a technical grant from Polygon. 

Based in Bangkok, Thailand, Nakamoto Games have a solid team of experienced individuals. Chawalit Rugsasri, the CEO, has a decade of experience providing web development services. He also operated Sublime Solidity Inc., which helped develop many projects on the Ethereum ecosystem. In addition, Phiriyaphong Phumphoang, the CO, and Rumchawun Keeratipitayaporn, CM, have multiple years of experience in their field to ensure that Nakamoto Games will reach both Western and Eastern markets. Together, they lead a team of talented blockchain developers and more. 

Tokenomics

The NAKA token is a Polygon token. As mentioned above, NAKA powers the entire Nakamoto Games ecosystem and the Nakaverse. Additionally, NAKA will also establish a fund to encourage research and game development of the Nakamoto Games ecosystem. 

The total supply is 180,000,000 tokens. The token is distributed as follows:

  • 30.5% Sales (Seed, Private, Public)
  • 22% Play to Earn Vault
  • 13.9% Team and Advisors
  • 11.1% Operational Reserves
  • 8.3% Player Sponsoring
  • 5.5% Game Development Fund
  • 5.5% Developer Sponsoring
  • 2.7% Salaries

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What Is Nakamoto Games: Concerns

Nakamoto Games provide a platform where players have access to multiple games rather than just one. This is potentially a double-edged sword. Since the developers are focusing on developing numerous games, the games are not quite as in-depth as other popular play-to-earn games. Players might initially participate due to the earning potential but might lose interest due to the simplicity of the games. However, this may change once more independent developers join the platform. Another issue is that they are not the only play-to-earn gaming platforms that aim to provide players with different games in one ecosystem. The competition is high, and Nakamoto Games is still in early development, especially its metaverse. Regardless, this is a project to watch and could be a game-changer in the play-to-earn world.

Where To Buy NAKA?

You can purchase NAKA through KuCoin exchange, similar to buying another cryptocurrency. You can either place a market buy or a limit buy. With a limit buy, you determine the price you are willing to pay, and your order gets filled once the token price reaches your limit price. If you want to get your hands on the token quickly, you can place a market order, where you agree to pay the current price and have your order filled almost immediately. If you are interested in purchasing NAKA, you can visit KuCoin.

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That’s it for now. Hope you enjoyed our “What is Nakamoto Games” guide. Let us know if you have any questions with a comment below.

 

1 COMMENT

  1. Been into this one for a few months but my average cost is 1.89 unfortunately. Many of those small caps took a large hit in December/January. Still holding and it’s selling for a very attractive price right now ($0.45) so I may even DCA down further. The team is constantly updating their twitter followers on progress, they’ve got big plans and for such a small market cap ($8.5 million right now) the potential upside is absolutely huge if they can gain some momentum.

    I’d say this one may be worth at least holding a small bag of just because of the small market cap alone. Even a $10-50 bag could net you a nice profit if it really pops. I’m using that strategy for a lot of those small market caps. Other honorable relatively unknown small cap mentions; PlaceWar, Star Atlas, Alien Worlds, RedFox Labs, Wilder World, Vulcan Forged. There are many others of course, and I don’t think people even realize just how many gaming studios out there are diving deep into crypto and p2e gaming right now and a lot of projects are scheduled for release this year.

    Do your own research of course – many of those small caps will go to zero but if you can identify those that really have a solid project, good traction, good (doxxed) team, good tokenomics then consider at least holding a small bag of their tokens just in case.

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