MuskMelon, a utility token built on Binance Smart Chain and Ethereum, is the latest addition to the world of NFTs (Non-Fungible Tokens) and gaming.
The project presents an interesting storyline detailing MuskMelon, created by a multi-billionaire influencer who plays a role in the business and emerging tech landscape. Melon has angered many people with his unpredictable mind, fickle attitude and unrealistic plans, and people are now seeking revenge on him. However, Melon created mini melons and spread across different universes. He is now hunted across these universes, ie mini-games.
“The platform allows people to create their own melon avatars and even host them on the NFT marketplace for auction, bid or sale. Melon is the native currency that can be used to purchase NFTs, in-game assets, and even donate to the Ukraine Relief Fund,” said MuskMelon Project Advisor Neal Mathews.
The MuskMelon project is planning a comprehensive penetration strategy with a public sale of 10 billion melons, of which 5 billion will be released initially at an introductory price of $0.05 (about Rs. 4) per piece. Sales are expected to start shortly on Bitmart and XT and is widely regarded as one of the most exciting projects of its kind to watch out for this year.
Binance Gaming NFT has a total of 16 listed projects totaling $884 million (around Rs. 6,684 million).
NFTs are digital assets that have grown tremendously in popularity over the past year or so, with some selling for hundreds of thousands of dollars. Many NFTs have found exclusive utilities as part of games, and using NFTs means players can be the sole owner of an in-game item and then trade, sell, or hold it. The concept of players making money from a game isn’t new, but NFTs are safer and more flexible.
Cryptocurrency is an unregulated digital currency, not legal tender and is subject to market risks. The information provided in this article is not intended to and does not constitute financial advice, trading advice, or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV is not responsible for any loss arising from any investment made on an accepted recommendation, forecast or other information contained in this article.