Press release
RELEASE IN PRESS Formula One is a great sport and attracts the top automobile teams to compete each year. Formula One is a multi-billion dollar industry, with drivers and teams enjoying a worldwide cult following.
In recent years, the relationship between Formula One Formula One and blockchain has improved. Due to increasing adoption of cryptocurrency and blockchain technology. Crypto.com was a major player in the announcement of its status as Global Partner for Formula One 2021. They’re not the only ones. Formula 1 is a partnership between Binance and FTX, Velas Velas Velas Velas Velas Bybit, Tezos and the memecoin project Floki
Forumla 1’s familiarity with crypto companies is a sign of the rapid consumer adoption of cryptocurrency and related products. Coke, Hewlett Packard Shell, and Hewlett Packard once dominated the market, but cryptocurrency exchanges, wallets for harware and protocols are now leading the charge. Formula One has been inspired by NFTs’ success to create limited-edition card collections which offer exclusive content and fans access.
Opis Group was represented by OpiPets at the Monaco NFT/Swim week conference, which took place on the Grand Prix weekend. Monaco is one of F1’s most historic and prestigious events. This was the home of a large amount of Blockchain-related activity.
OpiPets is a Free Play to Earn project. Opis Cloud, their sister company, showcased its use cases and product design with successful tech investors.
Innovating a P2E eco-system
Play-to-Earn is still struggling to gain mainstream adoption. It has already attracted nearly a million people in the first two years. This was largely because it promised to give players crypto and NFT ownership.
P2E games are not easily adopted by everyone due to their high cost of start-up. For participants to start, they must pay up to 1000 dollars. People often consider it a risky investment because they cannot afford to try it. Many people are dissatisfied with their investment after trying to recover it.
Many of the so-called P2E-type games are now Pay-to-Earn, which is contrary to what was originally intended. It is because of their non-sustainable tokenomics, which causes them to abandon their original goals.
OpiPets stands out from other projects. It’s a free P2E online game in which players are rewarded with cryptocurrency and the ability to create, battle, obtain, and trade their own NFT OpiPet characters.
OpiPets employs the P2E model and is focused on the community’s ownership of the assets and the digital economy. It also focuses its efforts to create new income streams and develop new methods for generating it.
There are more developments in the future
OpiPets has been working tirelessly to reduce adoption barriers, which limit blockchain gaming’s popularity. In Q3 2022, it plans to launch the game. Users will find new products and features in the game, which they can use to explore their ecosystem and obtain assets.
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