GameFi startup releases jam-packed utility NFTs ranging from game passes to earning opportunities
Cryptocurrency gaming has already changed the public perception of the industry, from one that was built on the foundations of fun to an opportunity for earning. Unfortunately, much of the potential is still limited due to the high barriers for new players. Among these are the perceived knowledge gap required to participate in the cryptocurrency industry, associated wallets and navigating unknown platforms. On the other side, players looking at testing a new gameplay model have found themselves discouraged by the initial costs to begin.
The result is that a decentralized world designed for the population at large is being skewed to a select group of those with a certain level of education and average income. Recent reports suggest that a significant gender problem also exists, as most cryptocurrency investors are male. Therefore, for mainstream adoption to ensue, something must be done to level the playing field for the rest of the world.
Similar to how Robinhood simplified the process of investing for retail traders, the team behind Ethlas has arisen with the mission to bridge the subsequent billion users into the crypto metaverse. Creating a one-stop casual games platform, Ethlas gives the world their first taste of free-to-play and play-to-earn gaming.
Ethlas is backed by several known parties, including Yield Guild Games (SEA), Infinity Ventures Crypto, Sequoia Capital India and executives from CoinMarketCap and Coinbase. The project has since released its genesis series of Komo NFTs, launching March 2, complete with extensive in-game utility ranging from generative art to increased earnings, to exclusive access to casual and battle-based gaming. The project itself is built on Polygon (MATIC) and now has over 130,000
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