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The gaming industry has progressed significantly in recent years. From cumbersome consoles, odd cartridges, and simple games to a $170 billion entertainment channel fueled by more than 2.7 billion users across the world. Gaming is now an all-consuming experience, based on ultra-realistic animations and full of twists and turns throughout what appears to be an infinite stream of entertainment content.
There’s seemingly nothing out of bounds when it comes to the possibilities of gaming. Despite the wide-scale innovation that has gone into the industry, yet it doesn’t seem to be taking a break, and now we are witnessing blockchain innovation in the gaming sector.
The rise of non-fungible tokens (NFTs) and the integration of DeFi into play2earn blockchain gaming has given birth to a whole new level of innovation in the gaming industry. Several blockchain projects are now leveraging this concept to build a gaming ecosystem, one notable mention is Meta Legends.
Meta Legends is building a cutting-edge entertainment hub built on robust product fundamentals. The project is designing an innovative application called Meta-Connect, whose use-case will be to bring the gaming community together into a unified ecosystem. Participants will be able to find each other on a map, save their NFTs, and obtain an estimate of how much their digital artifacts are worth.
In addition, Meta Legends will create a Metaverse environment, which will be known as Meta-Life. Gamers and Metaverse players will be able to accumulate cryptos, own property, gather digital collectibles, and explore the Meta Legends Universe.
Meta Legends leverages NFTs and Metaverse In A Fascinating Way
NFTs are an intriguing asset class because they bridge the gap between the real world and the digital one, as well as connect digital worlds through the ability to transplant in-game items across games and virtual worlds. While their value as collectible forms of media has skyrocketed in the physical world, their popularity is growing in tandem with the rise of metaverses and digital worlds, since NFTs are well suited to be used in metaverse ecosystems.
Meta Legends will leverage NFTs and the concept of DeFi for its play2earn gaming platform to build an innovative metaverse to connect gamers around the world. The global metaverse industry is currently growing at a fascinating rate, and as the industry continues to gain mainstream attention, Meta Legends is positioning itself to lead this wide-scale adoption.
The metaverse market is expected to reach USD 596.47 billion by 2027, up from USD 44.69 billion in 2020. During the period 2021-2027, the metaverse market is expected to rise at a robust 44.8 percent CAGR. Meta Legends is on a mission to create a digital world with a mirror resemblance with the real world, the team noted that:
“We will be leveraging photorealistic rendering, dynamic physics and effects, lifelike animation, and built-in tools for advanced character rigging animation and performance capture streaming to build our Meta Legends Metaverse. This will result in believable human and animal characters, massive scale reactive environments, and film quality levels of VFX. We will also be including real-time landscape and terrain tools, sky cloud and environment lighting, real-time ray tracing, and rasterization, in building the Metaverse world”
Meta Legends will mint/issue a total of 12345 legends, all of which will be classified by rarity and built from hundreds of different elements. These Legends will be issued as ERC-721 tokens on the Ethereum blockchain and stored on an interplanetary file system (IPFS).
The NFT gaming platform will benefit gamers in a number of ways. For example, they will be able to participate in a variety of FPS games, contests and tournaments, space races, Easter eggs, and events such as concerts and festivals. As Meta Legends adds Play2Earn technology into its platforms, gamers will be able to earn some passive revenue by engaging with the metaverse.
The platform also introduces a land ownership system where owners will be able to rent lands to players to farm resources, rent and resell houses to players or investors. They will also be able to rent vehicles, weapons to players, and will likewise get engaged in Yield Guild Gaming with unique characters.
Meta Legend will be launching its token sales on November 24 at 6 pm EST. Not only this will mark an important milestone for Meta Legend, but for the entire NFT gaming fraternity as it paves way for development activities to commence.
The Meta Legend token will serve as a primary medium of exchange for all financial activities in the Meta Legend Metaverse and gaming ecosystem. Meta Legend also has a strong community support in excess of 115k followers in Discord which is expected to grow further following the launch tomorrow.
Blockchain Gaming Will Lead The Future Of Gaming.
There are no limits to the kind of incentives that may be provided in blockchain games, so there will almost certainly be something to appeal to practically everyone. It is expected that blockchain gaming would appeal to a broader range of interests, use cases, and genres, attracting a larger audience and bringing more individuals into the worlds of blockchain gaming, DeFi, and metaverses. As this happens, games like Meta Legends will be worth looking out for.