How Does Play & Own Work?
At MyMetaverse, CRED is the currency that you can spend to mint NFTs, and NFTs have real, tangible value for many reasons - one of which being that you have full ownership of the asset and can sell them on decentralized marketplaces for real money.
In an effort to reward those participating in our multiverse, we have developed a system to enable you to earn our most valuable NFTs, the ones we sell on our mint shop, just by playing the games on our network.
Imagine if Fortnite gave half of their highest value skins to their players for free – and allowed them to resell them freely.
Now, picture Nike giving half of their shoes to their customers for free and promoting an online marketplace where they could sell them on the secondary market.
If Fortnite's players and Nike's customers could earn billions of dollars worth of free products and sell them freely, they would stand to take home billions of dollars in revenue. This is how you scale fun, rewarding, and gratifying self-employment across the world... and that's exactly what we're trying to do.
That's why, every time someone buys a product from our mint shop, we place half the money into our Play-and-Earn CRED Fund – which is given back to our players.
Our players have the power to vote for their favorite games and decide how much of the CRED Fund is distributed through each game. Then, all they have to do is Play and Earn.
This system is incredibly predictable and sustainable compared to other Play & Earn systems because we are only distributing assets that have provable value and utility within our ecosystem. The value is proven when a customer mints an NFT and half of the currency spent on minting is then placed into the Play & Earn CRED Fund.
This makes our job, and the job of anyone adopting our platform, much more streamlined - all we have to do is focus on creating games that people love and NFTs that people want. This system empowers any developer to reward their players while focusing on what they are truly passionate about - making incredible games.