Over the past few years, gaming coins have become a relevant crypto category within the cryptocurrency industry. The recent mainstream attention on the Metaverse is responsible for this turn of events. Since the Metaverse concept came into the limelight, other affiliated industries have benefited. One such industry is the crypto gaming industry and GameFi. Crypto games employ blockchain technology and cryptocurrency industry features such as crypto tokens and Non-Fungible Tokens (NFTs) to provide new and exciting experiences for users.
The upcoming meme coin, FreeWoly (FWOLY), is the first of its kind. Despite being a meme coin, the token serves as the native cryptocurrency of blockchain-based gaming platform, FreeWoly. FreeWoly is an innovative crypto project that combines the gaming and meme industries. FWOLY facilitates operations on the FreeWoly game, such as rewards and payment fees. It is an unlikely partnership that could positively impact the cryptocurrency industry.
This piece compares FreeWoly (FWOLY) to the industry-leading gaming coin, Decentraland (MANA). Here is everything you need to know about them.
Decentraland (MANA) is a virtual reality and gaming platform that runs on the Ethereum (ETH) blockchain. Decentraland (MANA) allows users to create, experience, and monetize content and applications. On the Decentraland platform, users purchase plots of land they can later navigate, build upon and monetize.
Decentraland (MANA) is ideal for content creators, businesses and individuals looking for a new artistic medium, business opportunity, or source of entertainment. With the help of its native cryptocurrency, MANA, Decentraland provides users with a different and immersive experience. MANA facilitates transactions of Decentraland, notably the purchase of LAND, a piece of property in the gaming world represented by ERC-721 Non-Fungible Tokens (NFTs).
LAND owners are free to develop their property however they deem fit. Many Decentraland users currently monetize their plot of LAND through leasing, advertising and paid experiences. Additionally, users can generate income on Decentraland by creating and selling items on its marketplace in exchange for MANA tokens. As an industry-leading gaming coin, MANA is available on several crypto platforms such as Binance, OKEx and Coinbase Pro.
FWOLY is the native cryptocurrency of FreeWoly. This upcoming blockchain-based game combines Augmented Reality (AR) with the popular play-to-earn (P2E) model that has become familiar with crypto games. The FreeWoly token facilitates operations within the FreeWoly ecosystem, notably the purchase and trading of in-game items such as animals and farmland. Additionally, the token will be able to operate outside of the ecosystem as a standalone cryptocurrency.
FreeWoly is a first-of-its-kind crypto game that combines Augmented Reality (AR) with a play-to-earn (P2E) model to provide users with a new and exciting experience. The game’s uniqueness is sure to attract potential users, and the meme coin features of its native cryptocurrency will ensure that users are properly entertained and incentivized.
Apart from providing utility and facilitating in-game operations, the FreeWoly Token (FWOLY) will grant membership of the FreeWoly DAO and voting rights so that its holders have a say in how the platform operates.
The FreeWoly Token (FWOLY) goes on presale in the coming weeks and is not one to miss out on. FWOLY will be adequately incentivized so early investors are rewarded. One such incentive is the 6% additional token bonus that investors stand to receive for purchasing the token in the first stage of its presale.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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