Blockchain platform creates an infrastructure for video game developers to incorporate NFTs
SuperFarm, a protocol that allows anyone to deploy crypto and NFT ‘farms’ with no code required, has announced the closing of their first private fundraising round of $1.1M lead by from Bitcoin.com, Spark Digital Capital, GBV Capital, Solidity Ventures, and Animoca Brands. The company’s mission is to help Non Fungible Tokens (NFTs) usher in billions of users through the gaming industry (which has 2.5 billion active users alone), the entertainment industry as well as decentralized finance (DeFi).
SuperFarm’s first use case is to provide the larger cryptocurrency ecosystem the tools needed to add utility to their tokens through NFT Farming with no technical barriers. NFT Farming is a recent phenomenon spawned out of the DeFi bull run in 2020, and allows for new value to be rewarded to token stakers that is non dilutive. The platform already has generated dramatic hype and anticipation from the industry’s most influential content creators.
Utility in gaming is critical, as the next generation cares as much, in not more, about their digital experiences than they do about their real-life experiences. NFTs offer a way for video games to unlock characters and experiences within video games, giving them true utility.
“Video Games represent the perfect funnel for blockchain to reach their first billion users. Right now there are over 2.5 billion gamers worldwide who are constantly buying in-game digital assets worth over $100 billion that have no value outside of the digital world. These gamers are hyper-connected, technically savvy, and are dedicated to their games. If major games like Call of Duty or Fortnight had NFTs, every kid under 15 would know how to work an Ethereum address like the back of their hand. This is how we get to mass adoption.” Elliot Wainman, CEO of Superfarm.
SuperFarm is giving tokenized ecosystems across the entire crypto space a simple and effective toolkit they can use to elevate the value of their own token, as well as a throughline to mainstream gaming. The goal is to provide utility today for tokens that might not have utility for months, years, or ever, and push the DeFi and NFT narrative forward as the best case for the first wave of mass adoption of blockchain technology.