BLOCKCHAIN-powered gaming has grown exponentially over the last 12 months with the play-to-earn element and decentralized ownership of in-game assets making the games attractive to both enthusiasts and casual dabblers alike.
Games such as The Sandbox and Axie Infinity have become all the rage in the P2E space.
However, as the underlying blockchain technology has improved, newer and more exciting projects have popped up to claim a stake in the lucrative industry.
One such entrant is Nakamoto Games, a project that aims to fill existing gaps in the current blockchain gaming ecosystem.
But does it have enough juice to usurp the more established heavyweights?
What is Nakamoto Games?
Nakamoto Games is a versatile play-to-earn (P2E) platform that allows blockchain game developers to launch, market, grow, and monetize their P2E projects.
In a nutshell, Nakamoto Games is a one-stop shop for blockchain games, where players can choose from an extensive library of games, and developers can release their games to a large user base.
But apart from hosting games from third-party developers, Nakamoto Games has its in-house array of P2E titles, including Aeroplane Warriors and the popular shooting-based game Duck Hunter.
How to participate in Nakamoto Games
The Nakamoto Games ecosystem is powered by the NAKA token.
Not only is the token used to buy in-game resources such as fuel or ammo, but it is also paid out as a reward to game participants.
To play any of the titles on the Nakamoto Games platform, gamers must buy tickets, ammunition, oil, or fuel using NAKA tokens. The price of these resources is usually tied to a dollar amount expressed in NAKA.
To play a shooting game like Duck Hunter, you will have to buy at least 30 bullets, each costing about 1.3 NAKA, which is approximately $0.1 at current rates.
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You require tickets for puzzle elimination games such as 8 Ball Pool, Popcorn Popper, or Candy Shop, and they usually cost somewhere in the region of 13 NAKA, equivalent to around $1.
Before you can play a racing game like NAKAR Racing Insanity, you’ll be required to buy oil worth around 20 NAKA, equating to about $1.50.
You can unlock the respective game after parting with the requisite amount of NAKA.
Each game usually features a detailed playing guide that explains its rules and mechanisms and how to score points and earn NAKA.
Nakamoto Games uses a tier system to protect new players from being destroyed by more seasoned players. The tier system consists of four levels: bronze, silver, gold, and platinum. Bronze is the entry-level tier, while platinum is the highest tier. To advance to the next tier, players must complete a given number of games or reach a specific cumulative high score.
How to earn money in Nakamoto Games
Players can earn NAKA in every game in the Nakamoto Games ecosystem, either by winning the game outright or by reaching specific points in the game.
Each game lies in different game rooms, each consisting of eight players. These eight players make up a daily reward pool where the top-ranked player receives 35 per cent of the reward on offer, while the player in eighth position walks away with 1 per cent.
The platform also has a weekly reward system where the top ten players who receive the most rewards in the different game rooms get additional weekly rewards.
Nakamoto Games has also implemented a free-to-earn model on its platform to allow gamers to try out P2E games risk-free.
The free-to-earn model does not require players to connect to a MetaMask wallet, thus allowing them to play a host of games free of charge. Every day, gamers who make it into the top ten free-to-earn leaderboards get tickets they can reinvest in P2E games for better earnings or sell on the Nakamoto Games Marketplace.
Where can you buy NAKA?
NAKA is available on several crypto exchanges, including KuCoin, QuickSwap, MEXC, and BitMart.
Can you stake NAKA?
Users can also make money from staking NAKA. The Nakamoto Games Mainnet features several staking pools with various stake lock periods and annual percentage rates (APRs).
For example, the 30-day staking pool has a 15 per cent APR, meaning a 1,000 NAKA deposit will earn you about 12.3 NAKA in interest. The 60-day staking pool has a 20 per cent APR and pays out 32.8 NAKA for every 1,000 invested. Lastly, the 90-day staking pool has an APR of 25 per cent, which is about 61.6 NAKA for every 1,000 NAKA deposited.
The platform also has a couple of flexible APR staking products, allowing investors to stake as much as 100,000 NAKA for 180 or 365 days. The minimum APR for these pools ranges between 30 and 120 per cent, depending on the duration.
When staking on the Nakamoto Games mainnet, the platform cautions users to ensure the NAKA they intend to stake is in their Metamask wallets rather than their in-game wallets. The staking process is relatively straightforward; you first pick the duration of staking that best suits you, then input the amount of NAKA you wish to stake.
Afterwards, you check the estimated interest using the user-friendly calculator on the website.
If you like the rates, you can confirm the start and end dates of the staking pool, ensure that you understand the terms and conditions, approve the staking contract, and then run the command to start staking.
NAKA Price Predictions For 2022-2026
According to CoinMarketCap, NAKA currently trades at $0.07337 and is ranked #3178 in the entire crypto market. The circulating supply of NAKA is 31.5 million, with a market cap of $2,309,486.
2022
In keeping with the current choppy market, NAKA has been on a downward trend for the past year, making it a less viable asset for the short term. A technical analysis by priceprediction.net based on past price data, trading volumes, market cycles, and coins similar to NAKA suggests the token could trade at a minimum level of $0.13 and a maximum of $0.16 in 2022.
2023
In 2023, analysts predict the NAKA price will reach a minimum of $0.18 and a maximum of $0.23. The token’s average price for that year could linger around $0.19.
2024
Priceprediction.net’s AI-assisted technical analysis indicates the price of NAKA could average around $0.27 in 2024. The minimum price of NAKA for that year is predicted to be $0.26, while the maximum price could be as high as $0.31.
2025
In 2025, analysts believe NAKA’s price will range between a minimum of $0.37 and a maximum of $0.45. They predict its average price for the year will be $0.38.
2026
Analysis suggests that for 2026, the lowest price of NAKA could be $0.55, while its highest possible level could be $0.64. The average price for that year is predicted to be around $0.56.
Conclusion
It seems like it will take a miracle for the price of NAKA to break beyond the $1 mark, let alone get to $5. But the Nakamoto Games ecosystem holds a lot of promise, and it has the potential to become the “PlayStore” of the blockchain gaming space.
