Flipping NFTs for Tokens — The Hamster Game Way
Non-fungible tokens started off as avatars with the first series of projects built on the Ethereum blockchain. Fast-forward to 2021 and the NFT ecosystem is one of the hottest and fastest growing ecosystems. Beginning 2021 at a little below $1 billion, the nascent sub-sector currently has over $42 billion in total value locked (TVL) pointing to a bright future.
But what are NFTs, you may ask?
NFTs are smart contracts that run on a blockchain protocol. They are used to represent generically digital or real-world assets and have become the easiest way of verifying tokenized data on the blockchain ecosystem.
Multiple use cases have seen NFTs become increasingly popular. The most popular is the use of NFT for communal representation of a group of people with similar world views and belief systems. This is seen in the use of uniquely generated NFT avatars by a group of celebrities and notable members of the society.
NFTs have since cropped into the fashion and wearables with popular brands like Nike and Dolce and Gabbana making a foray into the nascent sector. However, the most promising is the gaming industry which has boosted the growth of NFTs overall. NFTs have played a crucial role in the development of blockchain gaming while onboarding more users and creating more engaged player communities.
Despite all this, NFTs still has several more use cases which is what the Hamster Game embodies.
Hamster Game Redefining The NFT Niche
The Hamster Game provides a new utility for NFTs through trading. Here, Hamster Game players are able to earn tokens when they trade NFTs. Instead of holding NFTs that may become less valuable when the hype around the project dies down, you can actively engage your digital asset to mint and create exciting new tokens for you. This way, the more tokens you flip or sell, the more you get in return.
While trading is an overall complicated and boring endeavor for many, the Hamster Game puts a spin on NFT trading. Here, players are able to trade the Hamster Pump and Dump NFTs respectively. Each of the Hamster NFTs come with trading powers which are unlocked once the player places the trade.
The Pump NFT pushes the current price of the Hamster Game Token up while the Dump NFT brings it down. Each NFT serves as a counterbalance while ensuring the price is not over-inflated. Each Hamster Game NFT must be sold equal or above the collection’s floor price.
Further incentivizing users, the Hamster Game also enables players to provide liquidity using their airdropped tokens gained from trading. This will see players earn more passive income when they provide liquidity for the Hamster Game Token and the ETH pair.
NFTs by their very nature are indivisible and cannot be swapped for one another, however, the Hamster Game presents a means through which NFTs could become a financial investment vehicle where players can trade to earn.
Hamster Game is resident on layer-2 protocol, Polygon Network, and is a fun-themed NFT trading platform enabling anyone to trade NFTs. Head over to the OpenSea marketplace to flip your Hamster Game NFT now.