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Epic NFT Heroes Formula: NFT Collectibles, Gaming Metaverse, a Play-to-Earn Model and Yield Farming

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Epic NFT Heroes Formula: NFT Collectibles, Gaming Metaverse, a Play-to-Earn Model and Yield Farming

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With the trading volume and number of NFT projects always on the increase, it’s getting harder and harder to compete for users and bring innovative products to the market. One project is about to shake the NFT gaming and collectibles industry, setting the bar high for all market players. SIDUS, The City of NFT Heroes takes NFT to the next level by combining an NFT avatar collection, a gaming metaverse and NFT yield farming into one product and backing it with the philosophy that’s close to every crypto enthusiast’s heart. A single NFT avatar costing 0.055 ETH will open the user up to a world of 7,500 characters from 12 blockchain planets. The characters have all inherited the strongest traits associated with the top 100 crypto projects and companies – welcome to a world of unique features and unlimited opportunities.

NFT Heroes appeals to the market’s desire to invest in NFT projects that won’t turn to dust in a couple of months, projects that are backed by real value and liquidity. Take a quick tour around the new ecosystem and discover what new goodies the team has to offer NFT and crypto communities.

Major Moving Parts of the NFT Heroes Ecosystem

There’s no single term to describe the essence of NFT Heroes. The project merges the functionality of an NFT game, a yield farming service and a digital art collection, interconnecting them all together.

First Layer: NFT Collectibles

NFT Heroes is a collection of 7,500 unique NFT avatars created by over 400 modern artists from the international collective known as NFT256. The characters come from 12 blockchain planets and each inherits 11 traits, such as skin, helmet, backpack, etc.

The collection features 6,000 Original NFT Heroes; 1,000 Rare Heroes and 500 Legendary NFT Heroes. The Original Heroes have the same rarity and value within the community and the same market price of 0.055 ETH. The Original personas are available for sale but the Rare and Legendary Heroes must be created by using upgrade cards and the Galaxy Modificator. Upgrade cards randomly appear on the project’s website and OpenSea.io once a week. Galaxy Modificator assigns upgraded traits randomly. The tool is powered by Chainlink’s Verifiable Random Function (VRF), a randomness generator for smart contracts. This technology ensures fair distribution and robust security for the platform.

The featured upgrade system is the first innovation introduced by NFT Heroes. Generally, NFT avatar projects issue the whole collection at once and exclude users from the creative process.

An NFT collection is one way to look at the NFT Heroes project. Each avatar is its owner’s ticket into the NFT ecosystem, where they can craft, play, trade and earn. The rarity of the Heroes determines what opportunities the user has within the community as well as the rewards they receive. At the starting point however, all players have an equal opportunity to rise to the top of SIDUS society.

Second Layer: Gaming Metaverse

The next step on the path of the project’s development is the launch of the gaming functionality. Each NFT Hero can be transformed into a gaming character belonging to the SIDUS metaverse.

The mythos underpinning the NFT Heroes’ story leaves a lot of room for imagination and future gaming scenarios. The story of NFT Heroes unfolds in the times of the intergalactic war. Driven by different motives, 6,000 inhabitants from different blockchain planets fled from their homes and found refuge in an abandoned city. They decided to build a new society, free from the conflicts of the past. They chose a new identity for themselves – NFT Heroes – and called the new city SIDUS.

In time, it became a struggle for the Heroes to coexist peacefully. Lust for power and a shortage of resources pushed the NFT Heroes to fight with each other. The NFT Hero Battle Arena will resemble famous fighting games like Mortal Kombat, Killer Instinct and Jump Force. NFT Heroes challenge other players to duels, fight in the Arena and try to rise to the top of the social structure.

Heroes can undergo upgrades with the Galaxy Modificator and equip themselves with weapons from the Galaxy Marketplace to compete in the Battle Arena. The upgrade cards will randomly appear on OpenSea.io and the NFT Heroes website. The upgrade cards will be available for purchase with ETH. The Galaxy Marketplace will have a wide selection of light-sabers, sonic grenades, armor-piercing bullets and other next-gen guns. Weapons will be sold for NFTS tokens, the NFT STARS native token. In time, the team will incorporate payments with the MILK2 token. More details will be shared in the future.

Third Layer: NFT Yield Farming

Every NFT Hero is an NFT token and a high-resolution avatar that holders can use for its intended purpose. It can also be used to fund further adventures in the SIDUS city.

The platform offers three tiers of Galaxy staking: Original, Rare and Legendary. By staking NFTs, NFT Heroes can farm NFTS tokens. That way, without any additional investment, players can upgrade their ammunition and have a better chance of winning their next battle in the Arena. The difference between the three tiers is the amount of rewards the player receives.

One big bonus of the Galaxy staking feature is that the NFTS token has much greater utility than the regular in-game coin. NFTS is the native token of the NFT marketplace NFT STARS, the developers behind SIDUS, The City of NFT Heroes. The big community of digital art collectors and artists, together with the gaming community, ensures greater use of the token and thus, better price stability and growth.

Earning Opportunities With NFT Heroes

A common earning mechanism for all NFT avatar projects is to buy early and sell when interest in the project intensifies. NFT avatars are perceived as investment assets that you keep idle until they double in price. SIDUS, The City of NFT Heroes changes the established norm and introduces several tools that double your investment, meaning you don’t have to wait years for the market to change or for a generous buyer to come along.

In the SIDUS community, everything depends on the player:

  • NFT Heroes redistributes 50% of the royalties received from all secondary sales of the collection to the community. The only condition for Heroes to be eligible for royalties is to hold a minimum of $200 in NFTS or MILK2 tokens.
  • NFT Heroes can stake their NFT and receive rewards in NFTS.
  • Holders of an original NFT Hero can look for upgrade cards and sell the upgraded Hero on the market.
  • The project supports a wrapped NFT feature. Users can deposit other cryptocurrencies and NFTs into their Hero and aggregate the liquidity. So, Heroes will have real value and will provide their owners with the opportunity to sell multiple assets simultaneously.

All this means that your NFT Hero is as valuable as you make it. These services minimize the NFT’s dependency on the market to derive its value while providing tools with which users can generate income.

Blockchain Planets and the Community of Crypto Enthusiasts

A big part of NFT avatar projects is the community they build up around them. These projects use avatars as a means to convey a message to the world, build a digital identity and prove the owner’s affiliation to the NFT and crypto club. SIDUS, The City of NFT Heroes, encapsulates blockchain philosophies and provides users with characters, traits and in-game items to show their support for a project or a blockchain.

The collection of NFT Heroes features 7,500 unique characters who have come from 12 blockchain planets: Bitcoione, Etheredus, Binaxima Sentauri Cybele, Solantrum, Avalanya, Polygopus, Huoris Helvetios, Polkacyon, Cardaggar, Tronguan, Ripplatan Centricus, Cosmernicus. Each planet relates to one of the major networks, inheriting its signature traits and by the way… each planet has Easter eggs hidden in their stories!

Bitcoione is the largest planet in the Universe which many refer to as ‘the cradle of civilization’. Avalanya stands out from the other planets because of its inclusive governmental system. The Polygopus society was built by the settlers from Etheredus. Polkacyon is an agglomeration society that unites dozens of inhabited asteroids. Cosmernicus is a caravan of ships. Solantrum is known for its unique time system – “Proof of History”.

SIDUS is a place where blockchain and market experts will find a well thought-through society of blockchain planet inhabitants. On top of that, NFT Heroes take on the strongest traits of the top 100 crypto projects and companies. They are hidden in the ammunition that Heroes wear to the Arena, in their upgrade gear and weapons.

Meet the Artists and Developers

NFT Heroes is being developed by the NFT marketplace NFT STARS in partnership with a collective of artists known as NFT256. The partnership between the two ensures that the project is technically advanced and every avatar is unique and holds real artistic value.

NFT256 is the biggest international collective of modern artists today, working with a variety of art mediums. The fellowship includes more than 500 artists who were previously involved in Disney, Sony and Marvel projects. Bringing so many artists to the project, the team ensures each character is special and a one-of-a-kind. The artists spent over 10,000 combined hours thinking through every little detail and drawing every Hero trait. Even if a NFT Hero holder decides to abstain from using the gaming and staking mechanisms, they will still have a unique piece of crypto art.

NFT STARS is the mastermind behind the technical aspects of the NFT Heroes project. NFT STARS is an NFT marketplace with a distinguished history of developing innovative NFT products and services. The platform regularly hosts successful celebrity drops and is changing market perceptions of digital art. All of these factors ensure the utility of the NFTS token and its price stability, which is crucial for Heroes to receive NFTS as a farming reward. NFT STARS also acknowledges the assistance it has received from its partners – Chainlink, Avalanche and Polygon – they each had an input into the smooth operations of the platform.

Your Ticket to a City Populated by Thousands of Heroes

NFT Heroes is a project born from the new direction that NFT development is taking and is in line with growing market trends. The project resembles more of an NFT ecosystem than just a collection of NFT cards. It combines characteristics and features inherent in NFT avatar projects, gaming and yield farming. A variety of earning opportunities, from distribution of royalties to NFT staking, satisfies the NFT community’s quest for NFTs that have real value. The relatively low price of 0.055 ETH (less than $170) opens the NFT world up to the general population.

Take your chance and join the unique NFT Heroes club. Play, stake, craft, earn!

Learn more about the project on its official social media pages: Website, Twitter, Discord.


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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BTC, ETH, XRP, ZEN, UNI, OMG, AXS — Technical Analysis Sept 28

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BTC, ETH, XRP, ZEN, UNI, OMG, AXS — Technical Analysis Sept 28

Bitcoin (BTC) was rejected by the $44,000 horizontal resistance area.

Ethereum (ETH) is following a descending resistance line and potentially trading inside a descending wedge.

XRP (XRP) is following a descending support line.

Horizen (ZEN) has broken down from an ascending support line.

Uniswap (UNI) has broken out from a descending wedge.

OMG Network (OMG) is following an ascending support line.

Axie Infinity (AXS) has broken out from a descending resistance line.

BTC

On Sept 27, BTC was rejected by the $44,000 resistance area and created a long upper wick (red icon). This is a bearish sign since the area had previously been acting as support, and the rejection now validates it as resistance.

Technical indicators in the daily time frame are bearish. Both the RSI and MACD are decreasing. The former is negative while the latter has just fallen below 50.

The next closest support area is found at $38,000.

ETH

ETH has been decreasing underneath a descending resistance line since Sept 3. Most recently, it was rejected by the line on Sept 16.

Due to the long lower wicks, the support line cannot be accurately determined. However, it’s possible that ETH is trading inside a descending wedge.

Despite the wedge normally being considered a bullish pattern, technical indicators are neutral. The RSI is right at the 50-line and the MACD is below 0, although it is increasing.

Therefore, the direction of the trend cannot be accurately determined at the current time.

XRP

XRP has been following a descending support line since Aug 17. So far, it has been validated multiple times, most recently on Sept 21. The final touch of the support line (green icon) also coincided with the 0.618 Fib retracement support level at $0.85.

Despite the fact that XRP is trading above a confluence of support levels, technical indicators are not bullish. The RSI is at the 50-line and the MACD is negative, even though it is moving upwards.

The closest support and resistance levels are found at $0.76 and $1.07 respectively.

ZEN

ZEN has been decreasing since Sept 15, after creating a double top pattern and a long upper wick. The pattern was also combined with a bearish divergence in the RSI.

Shortly after, it broke down from an ascending support line. The breakdown is supported by the MACD and RSI, which are both decreasing.

The closest support area is found at $53.

UNI

UNI has been decreasing since Sept 2. After the Sept 7 drop, it created a descending wedge, which led to a low of $17.73 on Sept 26.

However, UNI rebounded and broke out from the wedge. The breakout is supported by the increasing MACD and RSI.

The closest resistance area is found at $26.15, created by the 0.618 Fib retracement resistance levels.

If UNI is successful in moving above it, it may move toward new highs.

OMG

OMG has been following an ascending support line since July 20. However, since Sept 6, it has failed to break out above the $10.60 area, which is the 0.618 Fib retracement resistance level.

Despite the rejection, technical indicators are bullish. The RSI has generated a hidden bullish divergence and the MACD is positive.

Therefore, an eventual breakout would be likely. This could take OMG toward the $15.33 all-time high price.

AXS

AXS has been increasing since Sept 21 when it bounced at the $48.28 support area. The next day, it created a bullish engulfing candlestick and broke out from a descending resistance line.

Following this, it reclaimed the $63 horizontal area and validated it as support.

Both the MACD and RSI are increasing, supporting the continuation of the upward movement.

The next resistance area is found at the all-time highs of $94.50.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Bitcoin (BTC) Fails to Move Above $44,000 Resistance

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Bitcoin (BTC) Fails to Move Above $44,000 Resistance

Bitcoin (BTC) attempted to move upwards on Sept 27 but was rejected by the $44,000 resistance area.

While BTC is still trading inside the upper portion of a descending parallel channel, the price action is lacking bullish signals.

BTC gets rejected

On Sept 27, BTC made an attempt at moving above the $44,000 area but was promptly rejected (red icon). The area had acted as support in August and the beginning of September but turned to resistance after the breakdown on Sept 20. The rejection created an upper wick and a bearish candlestick. 

Besides trading below resistance, technical indicators for BTC have turned bearish as both the RSI and MACD are decreasing. The MACD has just crossed into negative territory while the RSI is below 50. 

If BTC were to continue moving downwards, the next closest support area would be found at $38,000.

Current channel

The six-hour chart shows a descending parallel channel, which usually contains corrective structures.

Currently, BTC is trading inside its upper portion. Furthermore, it’s trading just above the 0.5 Fib retracement support level.  

Despite being above a confluence of support levels, technical indicators are bearish/undecided. The MACD is negative and has lost its strength while the RSI has just fallen below 50.

The two-hour chart shows that BTC is following an ascending support line and has made three higher lows since Sept 21. While this can be seen as a bullish structure, the price action is not bullish. 

The previous resistance area at $43,000 that was expected to act as support did not. On the contrary, BTC fell right through it. Furthermore, both the MACD and RSI have turned bearish.

While there is very strong support at $41,500, created by the 0.786 Fib retracement support level and the ascending support line, the price action does not seem bullish.

Wave count

The most likely wave count still indicates that the decrease from Sept 7 to Sept 21 was part of an A-B-C corrective structure, in which waves A:C had an exact 1:1 ratio. This is also supported by the presence of the descending parallel channel.

However, the movement since the low does not seem impulsive, casting some doubt on the possibility of this being the correct count.

Alternative counts could see the movement as a flat A-B-C corrective structure (upper image), or in the more bearish case a 1/2-/1-2 wave structure (lower image). 

At the current time, the correct count cannot be determined.

For BeInCrypto’s previous Bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Europe becomes largest crypto economy with over $1T in transactions — Chainalysis

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Europe becomes largest crypto economy with over $1T in transactions — Chainalysis

DeFi has become a major catalyst for Europe’s crypto economy. Large institutions have also upped their share of transactions significantly.

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Europe becomes largest crypto economy with over T in transactions — Chainalysis

The region of central, northern and western Europe, or CNWE, has emerged as the world’s most active cryptocurrency block, receiving over $1 trillion worth of digital assets over the past year, according to new research from blockchain analytics firm Chainalysis. 

The report, which was released Tuesday, found that the CNWE region accounted for 25% of global crypto activity between July 2020 and June 2021. The region witnessed a sharp uptick in transaction volume across all crypto sub-categories, especially decentralized finance, or DeFi.

Chainalysis describes crypto transactions as anything involving trade, investments and business dealings.

Europe has also become a hotbed for institutional investing, with transactions values in this category growing to $46.3 billion in June 2021 compared with just $1.4 billion in July 2020. Perhaps surprisingly, the United Kingdom is the single largest crypto economy in the region at $170 billion worth of transactions. Nearly half, or 49%, of the value was sent via DeFi protocols.

“The U.K.’s growth is driven mostly by growing institutional investment, based on the large-sized transfers driving most of its transaction volume,” Chainalysis senior content marketing manager Henry Updegrave told Cointelegraph. 

A secular bull market for Bitcoin (BTC), the growth of competing smart contract platforms and the arrival of decentralized finance all contributed to crypto’s massive rally during the study period. It comes as no surprise that CNWE’s crypto market activity peaked in May 2021 during the height of the bull market, which was one month removed from Bitcoin hitting $64,000.

Chainalysis’ data corroborates a growing body of evidence showing that large institutional investors have become a driving force within crypto. Wealth managers, family offices and other institutional players have poured billions of dollars into Bitcoin and Ether (ETH) investment products offered by Grayscale, CoinShares, 21Shares and others.

Related: Crypto asset manager Cobo raises $40M to launch DeFi-as-a-service

Beyond the advanced economies of Europe, Chainalysis research has documented the growing uptake of crypto in emerging markets. The Chainalylsis 2021 Global Crypto Adoption Index named Vietnam, India and Pakistan as the leading countries for adoption based on on-chain value received, retail transactions and peer-to-peer exchange trade volume.

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