Animoca Brands is planning an NFT sale around its newly launched TOWER token, adding another layer to the experimental free-to-play-to-earn program involving their mobile games. Gamers can use these special NFTs in a future game, or stake them to earn TOWER. Functionalities will go live this Fall.
They will sell three chests: bronze, silver and gold. Collectors can only buy these chests using TOWER tokens. Each chest is an ERC-20 token that can be opened, or redeemed, to reveal three NFTs. These NFTs are based on existing cards in the mobile game Crazy Defense Heroes, but have no utility in the game. These NFTs have a certain rarity, similar to the star ratings in the game.
These chests can’t be opened immediately. They will announce the opening date later. It’s possible that the future Crazy Kings game doesn’t run on the Ethereum blockchain. In that case the NFTs will need to be converted. Animoca Brands also said that the staking mechanism will go live between July and September 2021.
What’s the use case for these TOWER NFTs?
- Gamers can use these NFT cards in an upcoming blockchain game, which will be a Crazy Kings game and therefore part of the TOWER ecosystem. (in development)
- These NFTs generate passive income, as holders will be able to earn TOWER through staking. (in development)
- And of course these are limited edition collectibles.
One more day to earn TOWER
Gamers interested in earning TOWER currently have two options: Crazy Kings and Crazy Defense Heroes. In Crazy Kings you need to be among the best players. Here the rewards are huge, but so is the initial investment. In Crazy Defense Heroes however, anybody can reach the goal. Everybody who reaches 25,000 XP during a month, will be eligible to claim TOWER. However, the token claiming functionality isn’t live yet. Learn how to earn TOWER here.
Animoca Brands already announced that the token functionality won’t be seen inside the game. Instead players can connect their account and their Ethereum wallets through the official websites. However, this function isn’t live yet. Account progress will be stored however, so players can claim their rewards at a later date.
A bit more about TOWER
Animoca Brands is working on transforming their free-to-play titles, which make up a considerable part of their revenue, into blockchain-enabled play-to-earn games. They are doing this by adding play-to-earn mechanics to their games, starting with Crazy Defense Heroes and Crazy Kings. The TOWER token is central to this new ecosystem.
TOWER is an ERC-20 token on the Ethereum blockchain that can be used in both Crazy Kings and Crazy Defense Heroes. This same token will ultimately also be used in a new and upcoming game in the franchise. Token holders will have governance and voting rights on the game’s direction. In addition these tokens will be part of decentralized finance initiatives, including staking. However, details still need to be revealed about that.
Token owners can use their money to mint new NFTs, which ultimately are in-game cards that can be traded among players. These cards have different powers, values and rarities. Last but not least, there will be tournaments with entry fees and which players can also win tokens.