Blockchain gaming-oriented investors continue to take an interest in projects that combine decentralized finance with gaming in a GameFi effort. DeFi Land is one such project, as it provides an agricultural game setting where various aspects of decentralized become gamified. While players can earn money by playing the game, DeFi Land serves as an educational platform for newcomers to decentralized finance.
DeFi Land now enters a new chapter by introducing the DeFi Land seeds, which are NFTs on the Solana blockchain. The gen-zero NFT launch – split into two phases – is the first chance for players to earn core NFTs necessary to unlock the ecosystems play-to-earn functionality, coming in late Q1 2022.
As such, these core NFTs are both collectibles and gain utility as they provide access to various mini-games to be played in the DeFi Land ecosystem.
Every core NFT pairs with one mini-game, ensuring players only require one NFT to begin earning. It is a solid way to democratize access to the play-to-earn features of DeFi Land. Additionally, every NFT has its own rarity and specific attribute to help holders unlock greater rewards and more income. Moreover, the core NFTs have three or more attributes giving a distinct advantage in the corresponding mini-game.
All seed NFTs need to be watered for 30 days by using DeFi Land Token (DFL). Once the plant matures, it will provide gen-zero utility NFTs. All DFL spent on watering seed NFTs will be burned by the DeFi Land team, which results in a circulating supply reduction of up to six percent.
Moreover, harvesting the plant daily will provide four gen-zero NFTs with the highest chance of receiving a rare item.
In late 2021, DeFi Land secured $4.1 million in funding from several dozen investors. Participants include Animonca Brands, FTX, Alameda Research, NGC Ventures, Solana Foundation, Gate.io, Jump Capital and many others. Such outspoken support from investor heavyweights confirms there is tremendous market potential for GameFi projects capable of bringing gamers to the DeFi industry.
DeFi Land announced its public testing phase on December 22, 2021, after reaching first place at Solana‘s Hackathon in the summer. That public test came on the heels of a closed beta test with 3,000 authenticated users. The public testing further confirms DeFi Land’s commitment to delivering products and achieving goals rather than building anticipation.
DFL holders soon will be able to stake it in the single-sided pools with flexible and locked periods of time. They will be receiving instant rewards in tokens, in-game items and future NFT drops.
Players can play mini-games for prizes, farm for produce, exchange tokens and much more.