Free-to-own NFTs land in the cryptocurrency industry

Non-fungible tokens are renewing themselves thanks to a project that would like to work twice as much to purify the cryptocurrency sector. However, the initiative is not without its suspicions.

Free NFTs for Users …

NFTs have been looking gray for a few weeks. While their market sees its trading volume drop dramatically, especially on an NFT market like OpenSea, digital artwork no longer appears to be up to date. However, initiatives in their honor continue to flow. The last, in the form of a performance performed by Snoop Dogg and Eminem, however, did not convince the spectators.

However, some projects haven’t said their last word. If their market collapses, players have realized that his transformation was their only salvation. In fact, since the cryptocurrency winter, industry priorities have changed dramatically, favoring security over speculation. An initiative that was not followed by non-fungible tokens for which the crisis came late.

For the Limit Break project, the monetization model is over. The company wants to base its business on the development of web games3 but its first action concerns exclusively NFT. In fact, the company has just created its first collection, whose works will be given to users free of charge.

Source: Ryan’s Twitter account

… but the reward isn’t easy

The model chosen by Limit Break is the following: the free non-fungible tokens would be used to create a community of players. True owners of NFTs, they would have the right to resell the works as they please after some time. The latter would also generate new collections.

Thus, speculation would be kicked out of the game: instead of being able to immediately sell their NFTs, owners would be forced to play and participate in the expansion of the project if they wanted to see them increase in value.

With this, the founder of Limit Break hopes to stem crypto scams from users and the company. Both developers and gamers would strive for the same goal: to grow the game with the ability to make money by reselling their NFTs. Therefore, the project would focus on a reward system that allows the most active to stand out instead of focusing on immediate earnings.

For the time being, Limit Break would have raised nearly $ 200 million for the realization of its project. The collection was attended by big names like Coinbase or even FTX, very committed to the renewal of the sector.

The free-to-own model still raises doubts

If large cryptocurrency companies want to see the project grow, others still have some doubts about its success. Binance CEO Changpeng Zhao himself has questioned the interest of free-to-own NFTs.

Source: Changpeng Zhao Twitter account

Question taken up by some internet users for whom the model would be obsolete compared to the first sales of NFT. The free-to-own model will therefore have to prove that it will not open the door to a new wave of profits generated by patient but miserly players. In this case, Limit Break would be a direct participant in monetization who would like to fight.

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