What You Need to Know about Project SEED’s GameFi 2.0
One of the major pillars in the Project SEED ecosystem, our GameFi including Decentralized Finance (DeFi), NFT, and Marketplace plays an important role to accelerate a mass adoption of this one-stop multichain gaming platform. It’s an intersectional territory between blockchain-based gaming and decentralized finance, giving users the most flexible financial powers while also enjoying a seamless gaming experience at the same time.
In order to give our players the ease of navigation and operability, we create an in-game and off-game DeFi product for traditional players to execute DeFi within the application itself, and still allow the seasoned crypto players to connect to our Web3 application for their DeFi related activities. Players can also explore through various DeFi functions including Wallet, Staking, In-App Swap, AMM LP, Borrow/Lending assets.
There will be 3 models in our DeFi application to create a balance between supply and demand side, simplify our users’ transaction processes, and enhance a fully decentralized CLOB (Central Limit Order Book). Project SEED would like to introduce The Vault, Cross-Chain Bridge, and SEEDex.
In The Vault, we are allocating a portion of Project SEED community token supply for Staking Reward and LP Staking Reward. This system will provide incentives for holders to hold their tokens from the early stages of the project. More details about this well-grounded system will be released in the future.
Cross-Chain Bridge is implemented for our NFT and Tokens into our NFT Marketplace (BUY/SELL) backend. This will unlock the possibility of a user who owns different assets (NFTs and Tokens) on different blockchains to transact with each other without worrying about interoperability and Cross-Chain capabilities. This product will also be made available for Project SEED partners’ games and assets within the Project SEED ecosystem.
SEEDex (Project SEED Decentralized Exchange) will be built on top of Solana Blockchain with the implementation of AMM (Automated Market Making) to enhance a fully decentralized CLOB (Central Limit Order Book). We implement the concept of Serum and Raydium as our backbone for the AMM Mechanism to provide high speed trades, and access on-chain liquidity to the CLOB (Central Limit Order Book) of the Serum DEX.
Non-Fungible Token (NFT)
NFTs will also be implemented into our ecosystem as a benefit to the item holders for their tamper-proof ownership. Their applications lie among Partnership Creator, Community Creator, NFT Auction, and NFT Badges. Aside from being collectible items, Project SEED adds interoperability, value, and use cases for the NFTs in the Project SEED ecosystem.
Our NFTs will have the capability to be used within the Project SEED ecosystem and many games that we will be releasing in the future. They are forward and backward-compatible to boost the ecosystem further.
To increase usability and convenience, Project SEED NFT Marketplace will be available both in-game and also off-game (Web3 application). For the professional Merchant, we will create a Merchant Application to specifically boost Merchants’ profitability and exposure to the players across the ecosystem. In-game marketplace will be the go-to place for users who want to conveniently buy, sell, rent, or lend any NFT without leaving the game.
Stay tuned for our upcoming IDO. Follow Project SEED for the latest news and updates: