Thursday, September 18, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Multiplays: Blockchain Gaming Reinvented Using NFTs

by firstcryptonews
April 11, 2021
in Press Release
Multiplays

Blockchain has increasingly and steadily become a choice of technology for many industries and gaming is certainly one of them. Blockchain gaming have brought about revolution in the gaming world and gave them a real world value which has led to 1 out of every 4 persons becoming gamers. The blockchain technology in itself has also evolved quite significantly with numerous use cases and Non-Fungible Tokens (NFTs) are currently the latest use case to be in most demand. While NFTs were first launched in 2018, it has become a rage in 2021 with many mainstream celebrities using it to auction different things.

Multiplays is a blockchain gaming platform driven by creativity and technology to unlock the potentials of online gamers with the advancement in technology. The drill of playing games has only increased and with more visual stimulus, creativity and satisfaction. The way people played games from the board games to visual gaming has changed because of technology. The idea of playing traditional game is undeniably appealing, but people who spend all their time playing the traditional game end up sacrificing quality time with their family and gaining nothing in return.

Multiplays combines the best of blockchain gaming with NFT market to offer a platform allowing players to earn revenue anytime they decide to play the game on this platform. The founder of the project said,

“ During the pandemic last year, lots of activities were grounded, most nations of the world had everyone locked up in their houses, hunger and starvation increased. Boredom was at its peak, The sporting industry at some point was affected.

My team came together and decided to build a system that offers an alternative to the sporting industry and forestalls such boredom should we have a reoccurrence in future. ”

The Multiplays platform towers above her competitors in the gaming space with the multiplayer feature which makes it possible for peer to peer gaming challenges without gamers physically present. Competitions and tournaments including global board games tournaments can be held on the Multiplays platform as the games are in compliance with global regulations.

How Multiplays Incentivizes Users Via NFT?

Multiplays

Multiplays gives attention to NFTs and is bent on adding value to it through ensuring an improvement in the underlying infrastructure and application layer. Much of the NFT market right now is driven by digital market places around collectibles and artwork. Ultimately, by giving value to these assets and allowing owner to resell them to others, professional gamers who earn coveted in-game premium items could earn a living trading them.

Blockchain technology in use ensures Multiplays streamlines data which helps in preventing illicit tampering thereby ensuring improved betting and secure transaction. The play to earn concept which is the opposite of the pay to play concept, creates a reseller market. The $50billion in-game purchase market shows that people are willing to pay for in-game items. For those willing to earn them, basically there will always be demand for these items.

The Multiplays Token or MTP would function as the fuel for the network that would be used for paying entry fee to cashing out the prize. Just like the NFT market, the developers are creating the ecosystem which would allow players to earn from the MTP token even for participation. Multiplays team will vest all the MTP Tokens issued. These tokens are locked in order to ensure investors have the best intention and maintain a long-term vision for the project.  Investors who have contributed a minimum of 5 BNB in private or public sales will receive limited  MTP NFTs.

These MTP NFT holders get to profit from the platform as they share 50% of the network fees on the platform. For example, with 1000 users playing 15 games per hour on the Multiplays network at an average entry fee of  $5, Multiplays would enjoy an annual rate of $20M used to NFT holders.

Anyone can use the platform in three simple steps and start earning money.

  1. Buy Multiplays (MTP) coin
  2. Get a new account by connecting your wallet with the platform.
  3. Battle your way to the top.

MTP Tokenomics: Governance & Staking

The total circulation supply of MTP tokens is capped at 20 million, out of these 20 million MTP coins, 2 million has been allocated for the team, another 2 million for marketing. 15% of the token would be reserved for the liquidity pool, 20% for staking pool while 45% would be available for pre-sale for public.

The initial market cap of the MTP tokens is at $420K while the initial pancake liquidity would be $300K. Multiplays will take 10% on all entry fees on the Multiplays network. Of this 10%, 40% will be remitted automatically to users who have chosen to ‘stake’ their MTP tokens in our smart contract, with another 10% burned. This will leave the remaining 50% for the NFT holders.

Multiplays staking platform guarantees stakers a 100% APY on all MTP tokens staked thereby creating an income stream for stakers of MTP who may be non-gamers. So both gamers and non-gamers get to benefit immensely from the Multiplays network as she aims to be a community managed project, which means that MTP game users will have governance and voting rights on the future implementations of the MTP market place. For example, Multiplays game users will be able to vote for the future of the platform.

Every entry fee paid in MTP by users on the network, 50% of the transaction fee is distributed automatically to NFT as rewards. Hypothetically, one thousand players playing per hour at an average of only $10 per game would yield almost $4m annually in rewards for the NFT holders.

To know more about Multiplays :

Website : https://multiplays.net/
Twitter : https://twitter.com/mtptoken
Telegram : https://t.me/Multiplaygame
Medium : https://medium.com/@multiplaygames70

Related Posts

From Red Pill to Blue Pill: The Meme Revolution of $HYPUMP

From Red Pill to Blue Pill: The Meme Revolution of $HYPUMP

by firstcryptonews
September 17, 2025
0

In the world of crypto, memes are more than just jokes — they’re powerful narratives that move markets, shape communities,...

Kardvin Token and Amazon: The Bridge Between Real and Virtual Retail

Kardvin Token and Amazon: The Bridge Between Real and Virtual Retail

by firstcryptonews
September 15, 2025
0

In the evolving world of e-commerce, the largest players are always seeking the next frontier. While Amazon has long dominated...

MystBox: A New Era of Daily Crypto Earnings

MystBox: A New Era of Daily Crypto Earnings

by firstcryptonews
September 14, 2025
0

In 2025, MystBox has emerged as one of the most talked-about staking platforms, offering users the opportunity to earn passive...

A Vision Rooted in Purpose

A Vision Rooted in Purpose

by firstcryptonews
September 14, 2025
0

The cryptocurrency space is filled with short-lived projects and tokens that rise and fall on hype alone. Netxur (NET) was...

From HODLing to Borrowing: How Btcloan.com is Redefining Crypto Liquidity for Miners, Founders, HNIs, and Digital Asset Treasury Companies

From HODLing to Borrowing: How Btcloan.com is Redefining Crypto Liquidity for Miners, Founders, HNIs, and Digital Asset Treasury Companies

by firstcryptonews
September 13, 2025
0

For years, the crypto mantra has been simple: HODL your assets and wait for the upside. But as the digital...

NewBitcoin Ecosystem: A Second Chance to Mine Bitcoin with Community-Driven Innovation

NewBitcoin Ecosystem: A Second Chance to Mine Bitcoin with Community-Driven Innovation

by firstcryptonews
September 5, 2025
0

The NewBitcoin Ecosystem has officially launched, delivering a powerful decentralized mining and financial platform built for the future of blockchain....

Next Post
Coinbase Insiders Partially Liquidate Their COIN Stock Holdings Shortly after Listing

Coinbase Insiders Partially Liquidate Their COIN Stock Holdings Shortly after Listing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

A Newly Created DAO Aims at Building a Time Machine

A Newly Created DAO Aims at Building a Time Machine

3 years ago
Atua AI Introduces Smart Control Pipelines to Strengthen Protocol-Level Coordination

Atua AI Introduces Smart Control Pipelines to Strengthen Protocol-Level Coordination

3 weeks ago
Dorky the Dork Lord: The Dark Horse of Ethereum Meme Coins

Dorky the Dork Lord: The Dark Horse of Ethereum Meme Coins

2 months ago
Play, Think, and Earn: How House of Hamsters is set on  Revolutionizing the Gaming Industry in WEB3

Play, Think, and Earn: How House of Hamsters is set on Revolutionizing the Gaming Industry in WEB3

2 years ago
R33LZ: An Innovative Social Media App on Web3, Built on the Blockchain

R33LZ: An Innovative Social Media App on Web3, Built on the Blockchain

3 years ago
Plethori

Plethori is Enabling Cross-Chain Investments and Creation of Trustless ETFs

4 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

FurGPT (FGPT) Moves Toward Token Release to Strengthen AI-Powered Engagement

FurGPT (FGPT) Moves Toward Token Release to Strengthen AI-Powered Engagement

September 17, 2025

Press Release

From Red Pill to Blue Pill: The Meme Revolution of $HYPUMP

From Red Pill to Blue Pill: The Meme Revolution of $HYPUMP

September 17, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News