Investing.com - Financial Markets Worldwide

Please try another search

Cryptocurrency9 hours ago (Dec 08, 2021 09:00AM ET)

Move over Boring NFTs, Mooning Monkey is coming through! Move over Boring NFTs, Mooning Monkey is coming through!

  • NFTs are one of the most popular assets in the crypto space.
  • According to DappRadar, $2.47B worth of NFTs were sold in the first half of 2021.
  • Mooning Monkey remains to be one of the most popular NFT-based projects.

NFTs remain to be one of the most popular assets within the cryptocurrency world and continue to enjoy tremendous exposure during 2021. Data from DappRadar reveals $2.47 billion dollar’s worth of NFTs were sold during the first half of 2021. OpenSea, the largest NFT and crypto collectible marketplace, raked in more than $3 billion in trade volume in August alone.

These impressive sums come with the help of popular projects like Bored Ape Yacht Club, (BAYC) a collection of ape NFTs owned by celebrities like Stephen Curry, Post Malone, and Jimmy Fallon. One of the most successful NFTs so far, BAYC launched in April and had a 49 Ether floor price as of late November. One of the reasons why BAYC continues to remain popular (besides celebrities owning the digital asset) is that the project offers outside utility, like access to a play-to-earn game or staking, a common theme among popular NFT projects.

Mooning Monkey remains one of the most lucrative NFT-based projects when it comes to utility. Users can potentially win millions in a redesigned version of the famous Crash game. Each NFT holder becomes a shareholder of the game profits as 50% are redistributed to its NFT collectors. The exciting multiplayer game represented another unique milestone in the gamification of the cryptocurrency industry.

A Redesigned Crash Game Provides Gamers Endless Opportunities To Win

Gamers participate by wagering before the spot starts and watch as the increasing curve moves up. However, the curve can collapse at any time.

Gamers who manage to cash out before the crash win based on the multiplier, meaning players can reap immense returns with only a few clicks. Crash games remain extremely popular due to their unpredictability and ease of access for both experienced and novice gamers alike. 50% of all total game profits will also be shared with Mooning Monkey NFT holders each Monday.

In addition to the crash game, Mooning Monkey community members can hold exclusive NFTs and earn passive income along the way. Users can own unique sci-comic book pages (or the entire book) in NFT format and earn special privileges by owning either a full book or becoming one of the first 10 gamers to own 14 pages of any comic book chapter.

Other Unique Opportunities To Earn On Mooning Monkeys

Gamers can also own Mooning Monkey NFTs and evolve their monkeys across various tiers to earn different rewards and passive income at each stage. All monkey NFTs are built around 239 unique traits, feature beautiful artwork, and maintain utility in the real world.

A profit calculator on the Mooning Monkey website makes it simple for gamers to calculate the rewards generated at each level. The Mooning Monkey NFT minting is set for December 16th 7pm UTC, with the price of each monkey equivalent to $600 in SOL. Those ready to potentially win millions in the crash game can expect a Q1 2022 official launch with a V2 optimized version coming in Q2. However, December will bring a dummy game demo launch so interested gamers can see a preview of the platform.

The gamification of the cryptocurrency world continues to be a popular way to attract more users and simply some complex elements. Crash games like Mooning Monkey’s help build a strong community of like-minded gamers and are able to be proven as fair, as third party scripts can be used to verify the results and game hashes in many instances.

Continue reading on CoinQuora

Related Articles

Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh

Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh By Cointelegraph – Dec 08, 2021

Stablecoins, or crypto assets which peg their value to less volatile fiat money, are useful tools for a variety of reasons. They can be used to cash out crypto investments, send or…

$1.1B in Bitcoin options expire on Friday, but data points to a sub-$55K BTC price

$1.1B in Bitcoin options expire on Friday, but data points to a sub-$55K BTC price By Cointelegraph – Dec 08, 2021

Bitcoin (BTC) bulls are still licking their wounds from the bloody Dec. 4 correction, which saw the price collapse from $57,000 all the way to $42,000. This 26.5% downside move…

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.