Check how much did the first Farcana NFT cost, and how much did the users earn after selling it on secondary markets.
Farcana
Expired
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Expired
Rewards
Reward Results
$1,760 $3,100
Details
Minimal cost
Free
Time required
26 min.
Category
WhiteList
Rating
6/10
Risk
Low
Deadline
2023-12-19
Users who were whitelisted had the possibility to mint and sell the Farcana NFT. On the day of the launch the floor price on OpenSea was 1 ETH, which is equivalent to $2200, given the current prices in December 2023.
The collection sold out fast, it didn’t even get to the public phase.
The mint price was free. After minting out the Farcana NFT’s started selling at around 0.8 ETH and steadily climbed up reaching an ATH at 1.4 ETH.
Therefore, the net profit from an average sale, after accounting for gas costs, was around $2420.
Pros & Cons
Why is it worth it?
UE5-Powered Game
Farcana utilizes Unreal Engine 5, offering top-tier graphics and gameplay quality. This sets it apart from many crypto games and attracts a broader audience.
Successful Tournaments
The ability to organize tournaments with BTC rewards demonstrates the platform's functionality and potential for player engagement.
Experienced Team
With a team of 120 professionals and the involvement of Carlos, the founder of G2 Esports, Farcana benefits from valuable expertise in both gaming and crypto markets.
Risks to consider
Competitive Gaming Sector
The gaming industry is highly competitive, with established players and new entrants vying for players' attention. Farcana needs a solid strategy to stand out and attract players.
Development Risks
As with any game development project, there are inherent risks related to delays, technical issues, or changes in the gaming landscape that could impact Farcana's success.
How to participate?
Farcana holds significant potential in the gaming industry. It is built on Unreal Engine 5, already operational on PC with console support forthcoming. Successful BTC reward tournaments demonstrate real-world functionality. Targeting FPS/TPS players and crypto enthusiasts broadens its appeal.
The team, based in Dubai, boasts 120 members, including an experienced CEO. Notably, Carlos, founder of G2 Esports, lends credibility to the project. Farcana employs an NFT-based monetization model, resembling Pay2Earn.
Supported by Animoca Brands, Farcana receives marketing and tokenomics assistance. Despite its promise, more detailed tokenomics information is needed, and competition and game development risks persist.
In essence, Farcana offers a strong gaming proposition with a functional game, robust partnerships, and innovative monetization. Its success hinges on captivating gamers, delivering engaging gameplay, and navigating the competitive gaming sector effectively.