With the crypto market recovering, metaverse cryptocurrencies have performed exceptionally well this week, with many seeing price increases in the double digits. Today, one of the top-performing Metaverse cryptocurrencies was Nakamoto Games, which gained nearly 40 percent in price. We, as KoinFinans, examined Nakamoto Games and its local token NAKA, and evaluated why the price increased.
What is Nakamoto Games (NAKA)?
Nakamoto Games (NAKA), It is a gaming platform launched in October 2021 with the goal of creating an ecosystem focused on play-to-win blockchain games. Nakamoto Games plans to launch a versatile blockchain-based gaming platform that will be the first choice and one-stop shop for the latest play-to-win crypto games.
The vision of the project is to act as a portal for many blockchain-based games, similar to how the App Store and Google Play Store act as platforms for various mobile games.
Nakamoto Games is built on the Polygon Network, which recognizes high throughput and low fee transactions and is an ideal platform for Metaverse cryptocurrencies and games. Games on the platform will be developed with the Unity game engine and blockchain smart contracts will be deployed in Solidity.
Users can easily visit the Nakamoto Games platform where various games are located. Again, all users have to do to start playing the games is to create an account on the platform.
NAKA is the native token of the platform used for transactions, in-game assets, events and much more.
NAKA can be purchased on KuCoin, MEXC, Uniswap and QuickSwap.
Why Is The NAKA Price Rising?
According to the latest news, Nakamoto Games announced on Twitter its partnerships with AcknoLedger, which provides advanced indexing and search technology for NFTs in Web3 and Metaverse applications.
“Nakamoto Games is partnering with AcknoLedger. AcknoLedger provides state-of-the-art indexing and search technology for NFTs in the vast Web3 and metaverse domain. [Artık] NAKA users will be able to easily search for the NFTs they request.”
Nakamoto Games is partnering with @acknoledger. AcknoLedger provides cutting-edge indexing and searching technology for #NFTs across the vastness #web3 and #metaverse space. $NAKA users will be able to easily search for the NFTs they demand. #play2earn #gaming https://t.co/Owud4gGDL8
— Nakamoto.Games (@NakamotoGames) February 3, 2022
As noted in the platform’s account, this latest partnership means that NAKA users can easily search for an NFT of their choice.
This collaboration coincided with the launch of Nakamoto Games’ ecosystem marketplace, which allows users to search and trade assets related to game options.
Alongside these, Nakamoto Games also announced a recommendation system and a chat feature that launched on February 4. These newly added features are thought to increase participation on the platform and create incentives for users to join the ecosystem.
One of their plans Minimum Applicable Product* rather than projects that are promised to be developed continuously in the future without even knowing it; It’s pretty refreshing to see Metaverse cryptocurrencies being developed, like Nakamoto Games building various features in their products.
Recent developments and updates have allowed NAKA to experience an increase of approximately 40 percent today and nearly 50 percent in the last seven days. At the time of writing, the cryptocurrency, which lost some of its gains, is trading at $ 0.64, an increase of 32.9 percent.
With a 24-hour trading volume of over $5 billion, NAKA has a market capitalization of $11 million. The circulating supply of the Metaverse cryptocurrency is 18.5 million.
*Minimum Viable Product (MVP), It is a development technique in which a new product is introduced to the market with essential features sufficient to attract the attention of consumers. The final product is only released after sufficient feedback has been received from the first users of the product.
This technique helps them make the final product much better. With the help of the MVP concept, the research or marketing team will find out where the product is missing or what its strengths or weaknesses are.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.