DeFi Kingdoms Free NFT Game

DeFi Kingdoms is a free NFT play-to-earn game that is currently gaining positive traction among crypto and NFT gaming enthusiasts. As of January 2022, DeFi Kingdoms was worth $1 billion in market capitalization and a price of $17. But since then, the price has retreated and is now trading at $5.71 on March 23, 2022.

Notably, the DeFi Kingdoms NFT game seems to be running close behind Axie Infinity in terms of its mainstream popularity.

DeFi Kingdoms Overview

The Defi Kingdoms are playable characters that participate in adventures to gain tokens. The play-to-earn (P2E) game comes with non-fungible tokens (NFTs) as part of its structure that is influenced by metaverse aspects.

Just like a majority of the games, subject to their nature, every game character can also be provided with gears to enhance their efficacy through battles, going on adventures, and even buying it. Based on reports, the native token introduced in the game is known as JEWEL.

DeFi Kingdom is a newcomer to the budding GameFi industry, and it is striving relentlessly to widen the definition of NFTs. In recent months, the game has been gaining popularity among the new wave of blockchain games after the recent Web3 frenzy.

As a result of the attention that the metaverse projects are getting in the market, DeFi Kingdoms, a metaverse-based blockchain game, is experiencing a significant increase in activities. With that in mind, the total number of users of DeFi Kingdom has grown by over 300% in the past month.

Within the same period, the cumulative number of transactions on the network has doubled to reach 7.32 million.

How Is The Game Unique?

Hans Hauge, the head of a quant strategy at asset management company Ikigai, said that the DeFi Kingdoms perfectly blends decentralized finance, NFTs, and metaversal aspects to come up with an effective working economy that is a major driving force of the game’s exponential growth.

Based on a study published on December 12 by analyst Samichpunch, the total number of wallets engaging with DeFi Kingdom had surged by 161.36% in 14 days. Furthermore, as reported previously by Yahoo Finance, JEWEL, performed quite well in December 2021 recording a 37.9% increase.

How To Make Money On DeFi Kingdoms

As mentioned by the the Defi Kingdom team, this game can be played by anyone interested and it is free. Nonetheless, whenever a player wants to create a profile that will be used in playing, there will be a transaction fee (called gas) each time a player interacts with the blockchain.

Nonetheless, the fees are a fraction of a cent due to Harmony’s minimal fees. Through the addition of the liquidity pools in the Marketplace and staking LP Tokens in the Gardens or JEWEL tokens in the bank, the gamers can spend as little or as much as they wish while they are participating actively in the game.

Notably, players can also acquire Hero NFTs using JEWEL in the Tavern. The Hero NFTs can be used by the players for in-game purchases or they can be used for monetary gains by the player. Furthermore, gamers can team up with the other heroes to summon some new Heroes from the Inner Grove and use their Professions to harvest different resources.