Cointime

Cointime

Download App
iOS & Android

NFTSTAR: Building the Web3 Sports Ecosystem Single-handedly

Cointime Official

The 2022 Qatar World Cup has just concluded, and while we enjoyed the thrilling spectacle of football, we also deeply felt the immense IP value of sports stars. The hidden commercial potential within this field is truly immeasurable.

From its very nature, IP is inherently compatible with NFTs, making them an ideal pairing. If they can be effectively combined, the commercial prospects are undoubtedly highly anticipated.

Today, we will introduce NFTSTAR, a project dedicated to seamlessly integrating sports star IP with Web3 technology.

NFTSTAR - Direct Connection between Sports Stars and Fans

NFTSTAR is a metaverse platform that focuses on the direct connection between sports stars and fans. It is dedicated to bridging the gap between sports stars and their fan clubs. NFTSTAR has already launched NFTs for renowned sports stars such as Brazilian football superstar Neymar, English Premier League Golden Boot winner Son Heung-min, and FIFA World Player of the Year Luis Figo, with plans for collaborations with other sports stars in the future.

In addition to sports star NFTs, NFTSTAR has independently developed a play-to-earn (P2E) game called MetaGoal. MetaGoal is a lightweight soccer strategy game characterized by its open nature, easy accessibility, and support for free-to-play. Player Cards within the game can be traded on OpenSea once they reach a certain level of upgrades. Players can enjoy the game and earn profits simultaneously.

It is reported that NFTSTAR envisions itself as an independent digital brand, paving the way for the sports ecosystem in the Web3 world. By establishing a community that supports interaction between sports stars and their fans, NFTSTAR aims to provide a paradise that combines GameFi and SocialFi functions for Web3 sports enthusiasts.

To achieve this goal, NFTSTAR has already launched multiple products, with sports star NFTs and the MetaGoal P2E game being at the core. Next, we will provide detailed introductions for these two products.

Sports Star NFTs

NFTSTAR has currently released four types of NFTs: the Neymar NFT series, Son Heung-min NFT series, Luis Figo MFT series, and Renaissance Roar NFT series.

Holders of these four types of NFTs will enjoy exclusive benefits, which cover a wide range of areas, including Starcoin rewards (NFTSTAR's official token), fan benefits, airdrop rewards, and future NFT whitelist rewards, among others. We won't go into detail on each benefit. Next, we will focus on NFTSTAR's NFT staking mechanism.

According to NFTSTAR's official website, holders of certain NFT series can stake their NFTs to earn profits, including Mcoin and Player Cards.

Mcoin and Player Cards are core items in the MetaGoal P2E game, allowing users to experience the game and earn profits.

Currently, only two types of NFTs support staking activities: the Neymar NFT series and Son Heung-min NFT series. The rewards differ between them as well.

Holders of Neymar NFTs can stake their NFTs to receive a daily reward of 1000 Mcoins and a Player Card NFT reward every 15 days.

Holders of Son Heung-min NFTs can stake their NFTs to receive a daily reward of 250 Mcoins.

NFTSTAR does not impose any restrictions on the staking duration. In principle, the longer the staking period, the greater the rewards. The Mcoin rewards are settled daily, while the Player Card NFT rewards are settled every 15 days.

MetaGoal - A P2E Game with GamFi and SocialFi Features

NFTSTAR's involvement in the Web3 sports arena is undoubtedly extensive. In addition to NFTs, they have launched a P2E game called MetaGoal, which revolves around football.

MetaGoal is a Web3 football manager game that incorporates elements of GamFi and SocialFi. As NFTSTAR's first native game, MetaGoal is characterized by its open nature. Users can acquire Player Card NFTs by minting them from the open market or receiving airdrops from NFTSTAR. By participating in daily matches, training courses, and events, players can upgrade their player cards and obtain new ones. These cards can be used in the game or traded with other users for profits. Apart from the initial player cards distributed through official airdrops by NFTSTAR, all other player cards are generated by users themselves.

As a P2E game project, MetaGoal provides a strong complement to the NFTSTAR metaverse.

MetaGoal features a league system consisting of six divisions:

1.       Amateur League

2.       D-League

3.       C-League

4.       B-League

5.       A-League

6.       Champions League

Each league lasts for three days, during which players need to strategize and adjust their player cards to compete against opponents and win matches. Players can enhance their competitiveness by training their players and acquiring new player cards.

Each player card in MetaGoal is unique. They have different appearances, attributes, personalities, lifestyles, and career development paths, making the game itself more engaging.

In addition to the mentioned features, MetaGoal also includes a player retirement system. Each player card has an initial age setting, and every 30 days, they age one year until they retire. This retirement system creates a deflationary mechanism, bringing fresh blood to MetaGoal and ensuring the game's long-term development to some extent.

Conclusion

In the realm of Web3 sports, NFTSTAR has encompassed various aspects, ranging from NFTs to GameFi and even social interactions. It single-handedly constructs the Web3 sports ecosystem.

Considering the Web3 sports arena as a whole, it undoubtedly holds great potential. It is well known that sports competitions are closely intertwined with IP and the effect of influence. These elements are crucial for the crypto market, which requires new vitality. By connecting with the Web2 world through the sports arena, Web3 can gain a stable user base, resulting in a meaningful win-win situation.

Comments

All Comments

Recommended for you

  • The U.S. core PCE price index rose 0.2% in June, compared with expectations of 0.1% and the previous value of 0.10%.

    The US core PCE price index for June was 0.2%, exceeding expectations of 0.1% and the previous value of 0.10%; the US core PCE price index for June recorded a year-on-year increase of 2.6%, higher than expected. The US core PCE price index for June recorded a monthly rate of 0.1%, unchanged from the previous month and in line with expectations.

  • LayerPixel Completes $2 Million Seed Round Led by Kenetic Capital

    LayerPixel, a DeFi solution based on TON, announced the completion of a $2 million seed round of financing, led by Kenetic Capital, with participation from Foresight Ventures, Waterdrip Capital, VentureSouq, Web3 Port Foundation, Microcosm Research, TMM Club, and dozens of angel investors. It is reported that this funding will help LayerPixel accelerate the development and integration of its DeFi solution suite in the Telegram Mini App ecosystem, fundamentally changing the way users interact with decentralized finance in the Telegram environment.

  • Grayscale GBTC holdings are approximately 271,200 BTC, and the number of ETHE shares in circulation has fallen below 300 million

    Official data from Grayscale shows that as of July 25th, Grayscale GBTC holds 271,212.2467 BTC, a decrease of 410.3257 BTC from the previous trading day, with an asset management scale (non-GAAP) of $17,542,084,056.48 and a circulation share of 306,180,100 shares; Grayscale ETHE holds 2,391,684.2607 ETH, a decrease of 97,390.7166 ETH from the previous trading day, with an asset management scale (non-GAAP) of $7,468,775,526.14 and a circulation share of 282,168,500 shares; Grayscale ETH holds 310,308.0733 ETH, an increase of 13,663.3797 ETH from the previous trading day, with an asset management scale (non-GAAP) of $969,033,154.46 and a circulation share of 329,308,500 shares.

  • US Senator Withdraws Support for Elizabeth Warren's Anti-Crypto Bill

    On July 24th local time, Republican Senator Roger Marshall withdrew his support for the "Digital Asset Anti-Money Laundering Act," which he and Democratic Senator Elizabeth Warren jointly formulated for 2022, aimed at regulating the cryptocurrency industry under existing anti-money laundering and anti-terrorism financing frameworks. Currently, according to the official congressional record on the bill, there are still 18 senators supporting the bill.

  • Web3 startups raised $3.7 billion in funding in the first half of 2024, showing signs of recovery

    According to the latest report from Crunchbase, Web3 startups raised $3.7 billion in the first half of 2024. Although this number decreased by 18% compared to the first half of 2023, it increased by 42% compared to the second half of last year. Quarterly, Web3 startups raised over $2 billion in the second quarter of 2024, slightly higher than the $1.8 billion raised in the first quarter, but down 18% from the $2.2 billion raised in the same period last year. However, after eight consecutive quarters of decline, Web3 startups have seen two consecutive quarters of funding increases. In addition, although the total amount of funding has increased, there have been few large financing rounds, with only seven rounds raising over $50 million.

  • Yesterday, the U.S. spot Bitcoin ETF had a net inflow of $31.4 million

    As monitored by Farside Investors, data from yesterday (July 25th) shows that the net outflow of funds for the US Bitcoin ETF GBTC was $39.6 million; BlackRock's iShares Bitcoin Trust (IBIT) had a net inflow of $71 million yesterday; EZBC, ARKB, and BITB had no inflows or outflows of funds.

  • US spot Ethereum ETF had a net outflow of $150.4 million yesterday

    According to Farside Investors monitoring, data from yesterday (July 25th) shows that the net inflow for the BlackRock Ethereum ETF (ETHA) was $72.9 million, the net inflow for the Invesco Ethereum ETF (ETHV) was $8 million, the Franklin Ethereum ETF (EZET) had no inflow or outflow, the 21Shares Ethereum ETF (CETH) had no inflow or outflow, and the Grayscale Mini Ethereum ETF (ETH) had a net inflow of $58.1 million. Previously, it was reported that the Grayscale Ethereum ETF (ETHE) had a net outflow of $326.9 million, the Bitwise Ethereum ETF (ETHW) had a net inflow of $16.3 million, the Fidelity Ethereum ETF (FETH) had a net inflow of $34.3 million, and the Invesco Ethereum ETF (QETH) had a net inflow of $6.2 million. Overall, data shows that the net outflow for US Ethereum ETFs yesterday was $150.4 million.

  • Harris: Ready to debate Trump on September 10

    US Vice President Harris told reporters that she is ready to debate with Trump on September 10th. She said: "I agree to the previously agreed upon September 10th debate. He (Trump) agreed before, but now he is backing out. I am ready, and I think voters should see the division in this election on the debate stage, so I am ready. Let's get started." It is reported that Harris has gained enough support from delegates and is expected to become the Democratic candidate. The Democratic National Convention will be held in Chicago from August 19th to 22nd.

  • Jersey City's Municipal Pension Plan to Invest in Bitcoin via ETFs

    The municipal pension plan of Jersey City, New Jersey, is set to invest in bitcoin through exchange-traded funds, as announced by Mayor Steven Fulop on Thursday. This move is a significant step towards wider adoption of cryptocurrency, although the amount invested is not expected to be substantial. The decision follows a similar move made by a Wisconsin pension earlier this year, indicating growing hope for cryptocurrency's long-term prospects even among conservative professionals. Read more about this development in our article.

  • The total market value of all stablecoins increased by $1.52 billion in the past 7 days

    The stablecoin economy is experiencing new growth. In the past 7 days, the total market value of all stablecoins has increased by $1.52 billion. The growth in the past seven days was mainly driven by Tether (USDT), which is the largest stablecoin by market value, with its supply increasing by 1.2 billion. About $300 million of the growth came from Circle's US dollar token (USDC).

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company