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DeFi Land features a mix of two major Web3 themes: NFTs and Decentralized Finance.
Solana Hackathon Winner
GameFi unit DeFi Land is pleased to announce its sale of Land NFT seeds. A total of 7,500 DeFi Land Seeds will be offered for sale, distributed through the project website and the Magic Eden platform.
Blockchain game-focused investors continue to be interested in projects that combine decentralized finance with games in a GameFi effort. DeFi Land is one such project, as it provides a farming game framework where various aspects of decentralization become gamified. While gamers can earn money by playing the game, DeFi Land serves as an educational platform for newcomers to decentralized finance.
DeFi Land is now entering a new chapter by introducing DeFi Land Seeds, which are NFTs on the Solana blockchain. The Gen-0 NFT launch – split into two phases – is the first chance for gamers to earn the Core NFTs needed to unlock the Game-to-Win feature from the ecosystem, at the end of Q1 2022. As such , these Core NFTs are both collectibles and gain utility as they provide access to various mini-games to play in the DeFi Land ecosystem.
Each Core NFT pairs with a mini-game, ensuring players only need one NFT to start winning. It’s a solid way to democratize access to DeFi Land’s play-to-win features. Additionally, each NFT has its own rarity and a specific attribute to help holders unlock greater rewards and more income. Additionally, Core NFTs have three or more attributes giving a distinct advantage in the corresponding mini-game.
All Seed NFTs must be watered for 30 days using $DFL. Once the plant matures, it will provide Gen-0 Utility NFTs. All $DFL spent watering Seed NFTs will be burned by the DeFi Land team, resulting in a reduction in circulating supply of up to 6%. Additionally, harvesting the plant daily will provide all 4 Gen 0 NFTs with the best chance of receiving a rare item.
At the end of 2021, DeFi Land secured $4.1 million in funding from several dozen investors. Participants include Animonca Brands, FTX, Alameda Research, NGC Ventures, Solana Foundation, Gate.io, Jump Capital and many more. Such outspoken support from investor heavyweights confirms that there is huge market potential for GameFi projects capable of bringing gamers to the DeFi industry.
DeFi Land announced its public testing phase on December 22, 2021, after achieving first place at the Solana Hackathon this summer. This public test followed a closed beta test with 3,000 authenticated users. Public testing further confirms DeFi Land’s commitment to delivering products and achieving goals rather than creating anticipation. DeFi Land Token (DFL) holders will soon be able to stake it in one-sided pools with flexible and locked time periods. They will receive instant rewards in the form of tokens, in-game items, and future NFT drops.
Players can play minigames for prizes, farm produce, trade tokens, and more.
About DeFi Land
DeFi Land is a multi-chain farming simulation web game created to gamify decentralized finance. The game brings together all the decentralized financial platforms, turning them into a hybrid Play-to-Earn game and DeFi interface for Solana and other chains.
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