Press release
PRICE RELEASE Geopoly announced that a beta version of its blockchain-based game has been launched. It will be available via desktops. It is an interactive game where players interact with each other and their Geopoly non-fungible tokens. The gameplay can be enjoyed while earning income. NFT holders with active participation in the desktop gaming game will also be eligible to earn $GEO tokens weekly as compensation for their efforts and time.
Geopoly offers a freemium and mobile version of the game. Afterwards, if the players wish to do so, they can even ‘win and earn’ by shifting to the blockchain version with the same credentials which will allow them to pick up right where they left off in the desktop version.
Geopoly can be described as an economic simulator that allows people to buy, rent, sell, or improve their real estate and business assets according to their geographic location. Geopoly is a game engine that uses both the off-chain layer and the on-chain layer to create a dynamic and immersive gaming experience.
Geopoly is just the beginning.
Beginning in July, the ‘Geopoly Auctions’ market shall open, allowing players to sell their NFTs at a price they choose while others can bid on them for a minimum of 24 hours. The NFTs will be given to the highest bidding player. NFT owners will now have a new way to make a profit and sell non-fungible tokens. They can also buy NFTs from other players or via Geopoly. This month’s auctions include landmarks such as the Hollywood Sign, Ponte Vecchio, Flame Towers, London Eye,, Seul Tower and Maracana Stadium.
A number of NFTs are also in high demand, including those from the Louvre Museum, Camp Nou and Old Trafford. Geopoly also recently collaborated with NextNav. This will allow Geopoly to implement the technology into its future framework. This shall include NextNav’s 3D geolocation functionalities, allowing for more dynamic virtual experiences linked to users’ real-world environments and leveraging location verification in order to confirm transactions as well as interactions within the metaverse.
Building the metaverse is essentially dependent on 3D geolocation technology. With that in mind, NextNav’s technology would not only power in-game experiences, but it shall additionally be a critical authenticator of location-oriented activities such as exclusive exhibitions, NFT scavenger hunts, and transactions pertaining to digital land and real estate.
Sebastian Borget (one of the principal advisors) will be also working with Geopoly, which is also a member of Blockchain Game Alliance. Sebastian Borget is the Chief Operating Officer of The Sandbox, a popular P2E-based game.
The past accomplishments of the future and their goals
Geopoly, which was launched on mobile devices in 2018, was listed by Apple Latam as one of four innovative iOS mobile games. The Global GOOGLE Indie Games Accelerator 2019 selected Geopoly from 1 700 applicants.
Geopoly is also collaborating with Enjinstarter (Seedify), Poolz and NFTPad By Trustpad in order to make $GEO tokens available for public sale. Geopoly NFTs can also be used to earn them. Additional support is provided by top blockchain platforms, such as AU21.X21.Polygon and many other prominent entities. Finally, it reached the hard cap of $3,000,000 within 48 hours after its launch. Geopoly is seen by investors as an exciting platform, with the potential to grow into one of the most important gaming platforms in blockchain.
Geopoly’s future plans include continuing to improve and expand their product, as well expanding their player base. In order to make the game more fun and exciting, the team is also working on introducing a PvP mode, where players would be able to attack each other’s ‘Branches’, steal non-tokenized resources, and defend their own territories in this upcoming new game mode.
Geopoly
Traditional finance-based simulation games are flawed because publishers only tend to reap the benefits. These situations are where gamers act only as the end-users and buy items in-game without any opportunity to gain rewards.
Blockchain technology has revolutionized the industry. It allows any type of asset within the game, including digital currency tokens, to be traded successfully for other tokens that can then be converted into fiat currencies. Geopoly is a pioneer in this digital revolution with its innovative gaming platform.
Geopoly selected Polygon for the foundation of its on-chain gaming game. Polygon, a Layer-2 Blockchain protocol that provides both scalability and low transaction costs through the Ethereum blockchain, is called Polygon. Geopoly has now launched the alpha version. It is now prepared to move on to the next steps according to their official roadmap.
For more information and regular updates, visit Geopoly’s official website and the TwitterTelegram, Medium, and Discord channel.
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