13 Apr 2022 · 3 min read

The GameFi Ecosystem GamesPad Is Introducing The New NFT Marketplace

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

GamesPad, the world’s first holistic gaming, NFT, and metaverse ecosystem, is thrilled to announce the launch of its own NFT marketplace.

In the first quarter of 2022, the total market capitalization of some NFT projects increased by more than 2000%. The whole market grew by 300% last year. Some NFTs sell out instantly, with the most famous NFTs selling for nearly USD 70 million.

NFT trading is done through special marketplaces, and GamesPad is launching such a platform to deliver even more value to projects, investors, and the community. After the successful INO (Initial NFT Offering) on BullPerks, where GamesPad sold out its NFTs for USD 4.5 million, they sparked a lot of interest from the community. 

Afterward, the GamesPad’s NFT collection was listed on three major NFT marketplaces: Binance NFT, OKX NFT, and Liquidifty. From now on, all GamesPad NFTs will be available for purchase and sale on the company’s native NFT marketplace. Over time, the project will also provide the opportunity for NFT creators, collectors, as well as portfolio companies, to list and trade their NFTs on the GamesPad’s marketplace. 

What is the NFT marketplace and how does it work?

Unlike Bitcoin, Ethereum, or Dogecoin, you cannot directly trade non-fungible tokens on regular cryptocurrency exchanges. Therefore, to buy and sell NFTs, you need special trading platforms that allow you to issue, hold, and trade non-fungible tokens.

Marketplaces generate NFTs using smart contracts that add unique information to each token and prescribe its main parameters, including name, inseparability, address, number, etc. After that, non-fungible tokens can be bought and sold on the platform at a fixed price.

In simple terms, NFT marketplaces work like regular online stores. First, the user has to register on the platform and create a personal digital wallet to store NFTs and cryptos. They can use the listing to purchase NFTs. Launching an NFT is also usually as simple as that: you need to specify the name, price, description, image, photo, video, gif, and some other information if needed.

About GamesPad NFTs

GamesPad NFTs are taken from parts of the best-applied uses in the industry and brought together to create an exclusive and important digital asset opening the door to the entire GamesPad ecosystem. These NFTs have been woven into the fabric of the GamesPad model and in order to take advantage of this GameFi, NFT, and metaverse ecosystem, users will need to acquire the GamesPad NFT. 

To access deals via the GamesPad launchpad, users must purchase a GamesPad NFT and the appropriate amount of GMPD tokens in accordance with 1 of the 5 tiers. This provides a two-pronged access opportunity where the investor becomes the owner of both a unique digital asset and GamesPad tokens. Below are the 5 tiers with their corresponding NFTs and minimum token requirements needed to activate each tier. 

Bot

Amount: 4000 BOT NFTs

NFT price: USD 1.5K

Numbers of tokens: 1.5K GMPD tokens

Cyborg

Amount: 1500 Cyborg NFTs

NFT price: USD 6K NFT

Number of tokens: 4K GMPD tokens 

Android

Amount: 250 Android NFTs

NFT price: USD 15K

Number of tokens: 12K GMPD tokens 

Humanoid

Amount: 100 Humanoid NFTs

NFT price: USD 30K

Number of tokens: 25K GMPD tokens

Crypto Ninja

Amount: 60 Crypto Ninja NFTs

NFT price: USD 60K

Number of tokens: 50K GMPD tokens

About GamesPad 

GamesPad is the world’s first holistic gaming, NFT, and metaverse ecosystem, backed by the industry experts of BullPerks, a decentralized VC and multichain launchpad that achieved 9500% of ATH ROI after only 6 months. It is a one-stop-shop for everything GameFi, metaverse, and NFT, bringing together a gaming incubator, game-specific multichain launchpad, decentralized venture capital, NFT aggregator and marketplace, in-house game studio, and much more. The team’s core mission is to support and incubate game entrepreneurs through its comprehensive ecosystem, offering them mentorship, advisory, and network connections in the gaming and crypto space.