Colexion To Introduce One-of-Its-kind Gaming To Enable Play-to-Earn Model for Users
Colexion stays at the forefront to empower India’s gaming enthusiasts to shape their future and provide multiple growth opportunities. Launching the world’s biggest NFT drop of 30 celebrities on 12th December IST.
Being the second-most populous country, India has the largest number of mobile gamers in the world. And with the advancement in blockchain and VR/AR technology, the gaming industry is paving its way to disrupt the industry with rapidly increasing users each passing day. Video games have considerably evolved in the past few decades. In fact, the global gaming market, which was valued at USD 173.70 billion in 2020, is predicted to reach USD 314.40 billion by 2026, with a CAGR of 9.64% between 2021 and 2026.
The fact that people can earn while playing and then sell it to other people is what has been the driving force behind the popularity of gaming. Today, people are trying different ways and tactics to channelize their creativity and explore all the futuristic opportunities in the virtual world.
Therefore, it’s imperative to understand the basic differences between crypto gaming and NFT gaming. While crypto gaming stays outside all the disadvantages of centralization, NFT in gaming allows users to enjoy ownership rights of their exclusive games. This further adds value to gaming, making it much more popular within the gaming world. To simplify this, Crypto gaming uses cryptocurrency to earn and transact with other players. On the other hand, NFT gaming offers a much more complete experience focused on using native currency to generate and collect unique gaming assets that can be used in the game for special actions and powers.
Colexion is built to provide infinite opportunities to emerging digital artists where users collect, battle, and earn tokens or rewards while playing. Play-to-earn is a whole new paradigm based on creating real-world value out of in-game items and other forms of digital goods using non-fungible tokens, cryptocurrency and other blockchain technologies.
The platform is launching its first set of NFT trump cards featuring 30+ legends from the entertainment and sports fraternity on December 12th, 2021 at 12:12:21 pm IST. The Trump Cards will enable users to play and win games. In addition, NFTs will contain voice-overs of profound celebrities to make fans feel more connected to them.
With its NFTs, Colexion will provide a chance for users to meet their stars in person and win their signed merchandise. Positioning itself at the intersection of innovative NFT digital collectibles, this initial NFT drop will serve as a model for celebrities who wish to offer fans verified ownership of their digital currency along with perks embedded in the Colexion ecosystem.
As traditional gaming requires a more complex setup, virtual gaming has been evolved to make the overall user experience seamless and unified. And Colexion, through its easy-to-use interface, will empower individuals to strengthen their community and earn recognition among others. With the rise in popularity of NFTs in 2021, virtual gaming brings digital assets and identity into the player’s hands, riding on the push for decentralization in the gaming industry. Investors have taken notice of the trend, with Polygon being a major investor.
Speaking about the future of gaming, Founder Abhay Aggrawal says, “NFT gaming is emerging as a gigantic sector that has enormous potential. We offer our users a virtual and real-world experience through the latest innovation and technology. We provide an opportunity to play with NFTs and earn revenue through it. Our NFT marketplace will also provide the gathering of trading cards as NFTs to set up your NFT card collection. While it is no secret that the NFT market is growing to become a billion-dollar industry, games are one of the best-suited use cases of NFTs that have enormous potential for growth”.
Having said that, Colexion manifests a new generation of games, where gamers will get the freedom to explore different opportunities and operate from a place that is free of any restrictions and earn rewards for the same.