DeFi
DeFi (Decentralized Finance), burst on the scene in 2020. The company’s market cap grew from $900M to $253B by 2021. DeFi allowed true decentralization in finance through automation of transactions via the blockchain. DeFi provides lucrative options such as stake, which can be optional but still very profitable. The cryptocurrency market is always evolving quickly and innovation is never far away. Google search trends for DeFi began to slow as 2022 dawned, and GameFi was growing in popularity.
GameFi
GameFi built DeFi, and other blockchain-related features into the game foundation. This feature capitalized on the increasing number of professionals gamers, E-Sports streamers and Twitch streamers as well as YouTubers. Previously, Esports streamers made income playing and competing in a game – Hobby becoming a career. There were many pitfalls to this profession. The rules of the platform and popularity would apply to professionals, as well as strict advertising guidelines and current games.
GameFi was thus born. DeFi allows investors to take control of their assets from the central company and put it back in their hands. From the first-time investor to the professional gamer – GameFi welcomes all to take control of their assets and accrue wealth. NFTs (Nonfungible Tokens) is one example. These tokens, which can hold assets, are NFTs. This allows DeFi features like renting and staking to be used on NFTs. They are now a GameFi financial asset that can be purchased and owned, instead of money being wasted on standard gaming assets. This market is growing and traditional videogame companies are keen to capitalize on it. Ubisoft CEO Yvette Guillemot states: “We consider blockchain one of those revolutions… Play-to-earn will enable more players to… earn content, own content, and we think it’s going to grow the industry”.
FireZard
FireZard’s BSC token ($ZARD) is one project that has revolutionized the GameFi market and P2E markets. Blockchain technology powers a decentralized NFT trading card game that is user-focused. Investors form a unique NFT team to fight other investors for additional rewards. FireZard is a game that takes advantage of the weaknesses in GameFi by eliminating entry requirements while ensuring consistent profits. Solid Group has provided security audits to the FireZard team, even though it is a new project. FireZard is committed to ensuring investor safety. This was evident by the quick deployment of a Security Audit. The future goals include an exclusive trading platform, fighting other players, competitions and a mobile gaming experience.
Uninhibited, an investor can begin their FireZard journey by purchasing $ZARD in order to purchase a stake in the dApp. Doing so produces $FLAME – which has no dollar value and is not tradeable on an exchange and has an unlimited supply. FireZard is a game-changing product that uses this feature. One of the limitations in competition is the high entry fee for gaming. Most games also require $1000 NFTs to play. FireZard creates a new system where any player can make a FireZard non-financial NFT. The barrier to entry has been removed and GameFi is now more widely accessible. The innovation continues as FireZard also provides ‘Instant win BNB’. Investors can create (summoning) an NFT by spending $FLAME. The investor receives a fixed amount of BNB to their bank account if the NFT exceeds a rare card. BNB rewards rates vary according to the card rarity: Uncommon (0 BNB), Uncommon (0.25 BNB), Rare (0.25 BNB), Extremely rare (0.25 BNB), Super-rare (0.25 BNB) and Ultra-rare (1 BNB).
FireZard shows how cryptocurrency can create innovation. FireZard represents the evolution of cryptocurrency from Cryptocurrency, DeFi to GameFi and finally to Cryptocurrency. This project focuses on investor security and offers a unique, new approach to the NFT-based GameFi market. With no barriers to entry, compelling art, numerous future goals, and tangible BNB rewards – FireZard is set to explode into the booming GameFi trend.