This startup is gamifying crypto trading with a metaverse experience
With an always-on presence, a lack of regulation and unpredictable volatility, the crypto market isn’t an easy one to break into. New traders are often overwhelmed at everything presented to them and are easy prey for well-designed scams and rug pulls.
That said, it’s possible to learn the market and approach trading in a knowledgeable way, but a lot of that knowledge comes with experience. And that experience is only gained by losing money. At least, that’s how it feels in the crypto space. However, one startup, Ninja Fantasy Trader, is aiming to fix that issue, creating a safe space for new traders to learn the market.
Ninja Fantasy Trader is one of the first financially-focused play-to-earn NFT metaverse games. The title ties itself to the real world, pulling information from real-life markets such as stocks, forex and cryptocurrencies and applying that data to the in-game economy.
Gameplay consists of various modes, with the main mechanic being that of market trading. For example, in a mode the game’s design team refers to as paper trading, a player can trade crypto, stocks, and other financial instruments for as much time as they’d like.
What’s interesting, however, is that players can cash out their in-game portfolios for real crypto in the form of the project’s NTC token — a Binance Smart Chain (BSC) and Ethereum (ETH)-powered asset.
Alongside typical trading, players can compete in one-on-one and tournament matches. In these battles, players stake their assets and participate in a timed live trading session, with the most profitable trader earning funds from the tournament’s prize pool. The more users participate, the larger the prize pool is.
The Ninja Fantasy Trader team posits their game as one for new and expert
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