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Ethereum’s dominance in non-fungible tokens (NFTs) is declining due to high gas fees and excessive congestion, investment banking giant JPMorgan said in a report. In a note published last week, analysts led by Nikolaos Panigirtzoglou even highlighted that Ethereum’s NFT market share has already dropped to 80% from 95% at the beginning of 2021. The blockchain network could be specifically losing its NFT market share to rival Solana, which has been gaining massive traction over the last year. The bank cautioned that if Ethereum’s loss of NFT market share continues this year, it could be a bigger problem for its overall valuation. Another area of Ethereum’s falling dominance is in the decentralized finance (DeFi) sector. Last week, in a note to clients, analysts Nikolaos Panigirtzoglou, wrote: “It looks like, similar to DeFi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains.” Scaling is also required to maintain its dominance in the DeFi sector. According to the strategists, the final phase of the sharding won’t happen before 2023. With sharding being critical for scaling, this means full-blown scaling is at least a year away. In that period, the Ethereum Mainnet risks continued losses of market share to competing networks like Binance Smart Chain, Terra, Fantom, Avalanche, Tron, Polygon including Solana as they have been gaining the biggest share of the DeFi market. These blockchains have already attracted a lot of funding and increased their own user base. The bank noted that by the time sharding of Ethereum is implemented, other ecosystems will grow so extensively that activity won’t return to Ethereum.

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Hanoi, Vietnam, Jan 20, 2022 - (ACN Newswire) - Slime Royale, the NFT game project with an adorable 3D graphics style - announces to receive strategic investment and incubation support from Appota Group.

A Trustworthy Partnership To ensure the growth potential of Slime Royale

In early 2022, the NFT game project Slime Royale officially announced that it had received strategic investment and incubation support from Appota Group - one of the largest mobile game publishers in Vietnam and Southeast Asia.

Although a new NFT game, Slime Royale has proven its tremendous potential by passing many rigorous appraisal rounds to receive investment and incubation support from Appota Group. A representative of the Slime Royale project said that the Appota Group's investment and companionship would help Slime Royale access Appota Group's ecosystem of more than 50 million users. Additionally, with their experience in game publishing, Appota Group will provide appropriate strategic advice to make Slime Royale reach more users worldwide.

The development team will use the investment from Appota Group to establish Slime Royale with a long-term vision, bringing blockchain technology closer to everyone and helping more people pursue their passion for enjoying the games and making money.

Fun and challenging gameplay for players

Slime Royale is a game that combines exciting gameplay and the decentralized financial model: DeFi, allowing players to both enjoy the game and earn money from their skills. Since its official announcement to the market, Slime Royale has quickly attracted the gaming community's attention thanks to its in-depth gameplay system.

Compared with other NFT games, in Slime Royale, players need to have squad arranging skills based on lineups, tactics, classes, and the game control ability to win the match. As the Slime Royale's representative shared with the community: "Games are interactive experiences, and they are ways for players to immerse themselves in a different world. Unlike a movie where you just sit down and watch, a game must give the player complete control. Slime Royale gameplay will be challenging for the players. So we intend to create a game experience that when players complete a level or mission, they can feel like they have to work for it and accomplish something. And first of all, we want to create a game that we will love and want to play."

Slime Royale has a new approach to solve the "inflation" of NFT games.

A critical issue that every game on the gamefi market is facing is the inflation of NFT price. To solve this problem and build a sustainable economic system, Slime Royale chose a new strategy: attract both play-to-earn players and pay-for-fun players.

In a traditional game, revenue from pay-for-fun players is most of the system's revenue. Players will pay directly to the game company, and trading between players is not recommended.

While with Slime Royale, the team aims to create a game that encourages pay-for-fun players to trade with play-to-earn players. Slime Royale will work as a platform, supporting players to create, own, and exchange their NFT assets.

To accomplish this mission, Slime Royale has 2 essential principles are:

All NFT items in Slime Royale must be a hard cap at a minimal quantity, which will protect the economy and the NFT Slime owners' benefit from NFT inflation.

The game must be fun and attractive to pay-for-fun players. The more exciting and engaging the game, the more players will want to play, thereby increasing the demand for NFT Slimes.

As a commitment, Slime Royale will release only 10,000 Purity Slimes - the first NFT Slimes of the game. In other words, Purity Slimes are capped at 10,000 total and guaranteed by a smart contract. All of the other NFT slimes will be created by the Purity Slime owners.

In conclusion, Slime Royale's mission is to create a fun NFT game with a balanced economic system, where all players with different purposes can enjoy the game and achieve benefits for themselves. Whether you are a Free-to-play, play-and-earn, play-for-fun, pay-for-fun, or invest-to-earn gamer, your desire will be satisfied in Slime Royale.

Social Links:
Twitter: https://twitter.com/SlimeRoyale
Medium: https://medium.com/@Slime_Royale
Telegram: https://t.me/SlimeRoyaleChannel

Media Contact
Brand: Slime Royale
Contact: Media Team
Email: [email protected]
Website: https://slimeroyale.com/

SOURCE: Slime Royale

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

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