Bunicorn to add a unique GameFi dimension into the NFT world

One of the fastest-growing protocols with its native GameFi platform Bunicorn claims to elevate traditional games with DEFI touch and release its debut Play to Earn NFT game at the end of August.

PANAMA CITY, PANAMA / ACCESSWIRE / August 4, 2021 / The gaming industry is currently valued at over $162 billion today and is expected to surge to $295 billion worldwide over the next five years. And just recently, China’s largest Internet company, Tencent is getting ready to enter the NFT space with specific reference to music, gaming and more.

With the rise of blockchain gaming and VC interest within this sector, the Bunicorn team aims to position itself as an innovative GameFi platform with the release of its Play to Earn NFT RPG game. The game will be the first in the Bunicorn Universe conceived as a fictional universe and revolves around the hunting and training of fantastic creatures named Bunicorn. The game players may enter a battle using their trainers and Bunicorns to earn BUNI tokens. Each character Bunicorn is an NFT minted in the ERC-721 standard and transferable in the marketplace.

The team design Bunicorn to utilize a Play-to-Earn model inspired by CryptoBlades, another NFT Crafting game where players can defeat enemies with powerful weapons to earn their native tokens. In Bunicorn’s game (RPG), BUNI is distributed through gameplay and gives value to player NFTs, increasing adoption for future features.

Later versions of Bunicorn will allow users to buy lands and colony the Buniland with different game-plays, including PvP, PvE, and Raid Boss while fighting with Legendary Bunicorns and monsters in the universe, similar to Decentraland and early NFT games like Cryptokitties.

To add more fun to the yield farming activity, players can add liquidity with their assets on Bunicorn exchange not only to earn BUNI but also to claim exclusive Bunicorn Eggs NFTs. The utility of these can be employed by players battling or trading their NFT cards with other players on the Bunicorn marketplace and other stakeholders, helping to increase the value of these NFTs further.

The gaming ecosystem is one of the promising avenues for more robust NFT adoption and has been heating up since the NFT boom that happened this year. Axie Infinity is a prime example of how gaming is the most ideal approach that helps blockchain reach mass adoption. They have hundreds of thousands of members from all around the world following and playing their game. Since July, AXS, the native token for the Axie Infinity gaming platform, has surged past the $30 price registering over 5,700% in price appreciation year to date.

Bunicorn, with recent Total Value Locked (TVL) reaching $28M, backed by some of the industry’s top investors Sygnum Capital, Kryptal Group, Magnus Capital etc., hopes to drive interest in blockchain gaming and DeFi through its latest Play to Earn NFT role-playing game just like Cryptoblades and Axie Infinity.

Published By : Yahoo! Finance

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