Solana-based DeFi Land announces revenue-generating NFT seed sale

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Source:- Press release by cointelegraph.com:// DeFi Land, a multichain agricultural game, is pleased to announce its Land NFT Seed Sale: A total of 7,500 DeFi Land Seeds will be available for sale and distributed via the project’s website and the Magic Eden platform.

Blockchain gaming-oriented investors continue to take an interest in projects that combine decentralized finance DeFi) with GameFi. DeFi Land is one such project, providing an agricultural game setting where various aspects of DeFi become gamified. While players can earn money by playing the game, DeFi Land also serves as an educational platform for newcomers to DeFi. 

DeFi Land is introducing the DeFi Land Seeds, which are nonfungible tokens NFT on the Solana blockchain. The Gen-Zero NFT launch — split into two phases — is the first chance for players to earn Core NFTs necessary to unlock the ecosystem’s play-to-earn P2E)functionality, coming late in the first quarter of 2022. These Core NFTs are collectibles and gain utility, as they provide access to various minigames played in the DeFi Land ecosystem.

Every Core NFT pairs with one minigame, ensuring that players only require one NFT to begin earning. It is a way to democratize access to the P2E features of DeFi Land. Additionally, every NFT has its own rarity and specific attributes to help holders unlock greater rewards and more income. Core NFTs have three or more attributes, allowing distinct advantages in the corresponding minigame. 

All Seed NFTs need to be watered for 30 days by using DeFi Land’s native token, DFL. Once the plant matures, it will provide Gen-Zero Utility NFTs. All DFL spent on watering Seed NFTs will be burned by the DeFi Land team, which results in a circulating supply reduction of up to 6%. Additionally, harvesting the plant daily will provide four Gen-Zero NFTs with the highest chance of receiving a rare item. More information on the rewards can be found here.

In late 2021, DeFi Land secured $4.1 million in funding from several dozen investors, including Animoca Brands, FTX, Alameda Research, NGC Ventures, the Solana Foundation, Gate.io, Jump Capital and more. Such outspoken support from investor heavyweights confirms there is a tremendous market potential for GameFi projects capable of bringing gamers to the DeFi industry.

DeFi Land announced its public-testing phase on Dec. 22, 2021, after reaching first place at the Solana Season Hackathon during the summer. That public test came on the heels of a closed beta test with 3,000 authenticated users, which confirms DeFi Land’s commitment to delivering products and achieving goals rather than merely building anticipation. Soon, DFL holders will be able to stake in single-sided liquidity pools with flexible and locked periods. They will receive instant rewards in tokens, in-game items and future NFT drops.

Players can play minigames for prizes, farm for produce, exchange tokens and much more. 

About DeFi Land

DeFi Land is a multichain agriculture-simulation web game created to gamify DeFi. The game aggregates all DeFi platforms, converting them into a P2E-gaming and DeFi interface for Solana and other chains.

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