CryptoBullsNft is a blockchain-based crowdfunding platform that helps indie game developers to fundraise by pre-selling unique in-game assets in the form of NFTs.
NFTs (non-fungible tokens) are a relatively new type of digital asset that are a popular topic of conversation in the blockchain world today. Unlike fungible tokens, like bitcoin and ethereum, where one token is indistinguishable from another, NFTs are designed to represent ownership of a digital asset that is unique and scarce.
With the overall popularity of video games and the idea that NFTs could replace the in-game virtual items, many video game developers started to look at this new opportunity to attract game players around the idea of real ownership of their virtual assets. Furthermore, as a reaction to the trending market, many protocol chains dedicated hundreds of millions of dollars of investment to NFTs and video games.
NFTs in blockchain games are not yet an extensive ecosystem in terms of trading volume. However, there is significant interest and investment to create the next video game hit that uses blockchain technology. Entire player-driven economies can be created and facilitated via NFTs and the possibilities are expansive.
However, even though independent game publishers have enough talent and creativity, they often lack funds. The game market system is pretty unfair - most of the money made from sales goes to publishers, digital distribution platforms, and marketing. And, in case the game developers are in need of funding for their next project, they will be obliged to give away their equity, commit to a single publishing platform, or in some cases even sign off their intellectual property, diminishing their earning potential.
In a nutshell, the current situation is as follows. The market for digital goods is large and growing fast. Video games are already north of a $140 billion market, and tokenized consumer products are a $1.8 trillion market and growing. Indie game development is booming as a result of an apparent creative drain in major studios. Therefore, it’s safe to say that a number of key industry trends are converging to make the development of a breakthrough game crowdfunding platform possible.
Crowdfunding platform. CryptoBullsNft is a blockchain-based crowdfunding platform that helps indie game developers to fundraise by pre-selling unique in-game assets in the form of NFTs. Similar to Kickstarter’s proven business model, funding on CryptoBullsNft is all-or-nothing. No one will be charged for a pledge towards a project unless it reaches its funding goal.
NFT marketplace. Furthermore, CryptoBullsNft provides a marketplace to trade digital assets from successfully launched games. Giving the NFTs owners as much agency as possible and the ability to sell and realize real-world value from their holdings is essential for the NFT ecosystem to thrive.
Native token. CryptoBullsNft ecosystem is supported by its own native token ‘CryptoBullsNftToken’ (CBNT). CBNT tokens will be used to buy and sell NFT’s during the crowdfunding stage and in the marketplace. Community and sharing ecosystem. CryptoBullsNft offers digital creators the opportunity to build direct relationships with their buyers. Furthermore, CryptoBullsNft comes with two referral programs. One program rewards you for bringing new users to the platform, the other one pays you for promoting NFTs sold on our marketplace.
Specifically, CryptoBullsNft will:
- Provide developers with advantageous funding opportunities. Developers will be able to fundraise while retaining full equity and IP.
- Introduce new revenue streams for gamers and developers alike.
- Establish a Rich Token-Based Economy. Powering referral bonuses, digital goods, rewards programs, and more.
- Provide effective marketing tools by giving developers access and exposure to the CryptoBullsNft community.
CryptoBullsNft platform preview
Below is a look and feel preview of how the CryptoBullsNft platform will look.