Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx
The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...
What’s a Trading Card Game (TCG) without a marketplace? So far, Emergents NFTs relied on OBJKT.com for its secondary market. Not that there’s anything wrong with OBJKT.com, but Emergents did have its own marketplace on the roadmap.
Now the marketplace is live and it’s not just your standard NFT marketplace.
By: XTZ News
21 February 2023
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
What’s a Trading Card Game (TCG) without a marketplace? So far, Emergents NFTs relied on OBJKT.com for its secondary market.
Not that there’s anything wrong with OBJKT.com, but Emergents did have its own marketplace on the roadmap. Now the marketplace is liveand it’s not just your standard NFT marketplace.
The Emergents team did mention in the past that NFTs would have a buy-back option. And starting now, NFTs that are bought on the Emergents marketplace can be sold back at a price that is fixed in an algorithm.
“Our current buyback rate is 90% of the card’s current market price. Different cards may have different buy and sell prices at any given time.”
Once a certain amount of cards are sold, the buy price goes up. The sell price is always 10% lower than the buy price. If cards are sold back to the marketplace, the buy price goes down again.
Collectors/ players can always choose to sell their cards elsewhere. It will still be possible to offer Emergents NFTs on marketplaces like OBJKT.com.
This will be the place to sell your customized NFTs and increase the rarity of your cards through quests.
All the moves and play history of NFT playing cards that are used in the game are registered on that specific NFT. All cards have specific quests to complete.
Specific actions that are made with these cards during gameplay are registered and stored on the Tezos blockchain.
When a certain amount of these actions have been accumulated, quests are completed and you will eventually unlock new art and cosmetic upgrades for that card.
Think about logos, card frames, and most importantly: alternate art.
This allows you to increase the rarity of your cards and show off your achievements with alternative cards.
The quests will be fairly time intensive to fulfill and thus these cards will be quite rare on top of the fact that the NFT cards are limited in editions in the first place.
The value of these cards will be determined on secondary markets like OBJKT.com.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
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