Trusted

How Secretum Plans to Take Over NFT Gaming

3 mins
Updated by Shilpa Lama
Join our Trading Community on Telegram
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

NFTs have become the newest, hottest, and most powerful trend of the gaming world since the long-gone era of Pong and Galaxy Game.

Gamers worldwide, for the first time, can now make real money with play-to-earn (P2E) gaming, and in-game assets (characters, land, tools, and more) have been turned into tradable tokens with actual monetary value. Large amounts of money from both investors and gamers are rapidly rushing into the sector:

  • Sandbox, a virtual world development game, saw its sales of NFT land plots surge by over 1,600% in 2021, with sales peaking at over $3 million per day.
  • Ember Sword’s NFT digital land sale in August 2021 raised an unprecedented $203 million.
  • Investment fund Metaverse Group bought an NFT land plot on virtual platform Decentraland in December 2021 for $2.43 million – an all-time price record. 
  • Top NFT metaverse game Axie Infinity generated a record  $3 billion in NFT sales in 2021.

The explosion in NFT trading volumes ($41 billion in 2021) and the number of NFT game metaverses (rapidly approaching 500) are signaling a tectonic shift.

Also, with Facebook’s name change to Meta introducing the term “metaverse” to the wider public, this seems to signal the beginning of the Web 3.0 era. PwC sees the metaverse sector being worth $1.54 trillion by 2030, with Goldman Sachs upping the estimate to a potential $8 trillion.

Secretum logo

This game-changing trend, however, has come with a significant challenge. The traditional channels for gamer communications, including Discord and Twitter, and NFT storage, have recently been the recent victims of high-profile hacks:

  • In December 2021, hackers stole $2.2 million of Bored Ape Yacht Club NFTs from their owner’s wallet.
  • Within hours of BAPE announcing it would launch NFTs and opening its Discord channel, users of the platform received fraudulent direct messages which cost 20 members their entire NFT holdings.
  • A Discord server run by recently launched gaming NFT marketplace Fractal was hacked, scamming members out of $150,000 in cryptocurrency.

Web 2.0 social media platforms (Twitter, Telegram, Discord) lack adequate mechanisms to support communications that are needed for the Web 3.0 era. Spammers, hackers, and bots, which generate misinformation and undermine the safety of users’ assets, often overrun channels on these platforms.

There is an urgent need for a solution that enables reliable and seamless communications between gamers, and‌ the ability to exchange NFT assets safely and cost-effectively. 

The solution is here, and its name is Secretum.

About Secretum

Built on Solana, the world’s fastest and lowest cost blockchain, Secretum aims to become the go-to platform for messaging and NFT trading for the global gaming community.

The key pillar to Secretum is Public Smart Channels, where creators set certain rules for channel access based on subscriptions and proof of NFT ownership:

  • Subscriptions – Channel owners can define a one-time fee or recurrent fees, paid directly to the connected wallet of the channel owner by staking SER tokens. This tool screens out less motivated and engaged channel members, including fictitious members (bots) and potential hackers.
  • Proof of NFT ownership – Channel owners can request new users to prove they hold certain assets, tokens or NFTs, to access a channel. Only true gamers, which are actively involved in the ecosystem, can therefore take part.

Secretum’s Public Smart Channels function is a first-of-its-kind revolution for gamers worldwide, creating the ideal conditions for:

  1. Messaging Safety – No centralized data storage, complete anonymity, no data transfers, no moderators, and complete end-to-end encryption.
  2. Strong Gaming Communities – Users will never again be spammed, phished, or harassed by malevolent actors. This means that, unlike Discord or Twitter, all community members are real and channel communications are always genuine and verified. NFT ownership becomes a tool for identity verification, while the SER token becomes the currency of a new messaging ecosystem.
  3. Strong Trading Volumes – Public Smart Channels lead to more communication, more connections, and consequently more trading of NFTs between channel members on Secretum. NFT owners can furthermore avoid the congestion, high fees, and liquidity issues affecting most crypto and NFT exchanges. Solana’s trading costs are as low as $0.00025 per transaction, stimulating Secretum users to invest in and trade NFTs. With a potential 65,000 transactions per second, Solana ensures that Secretum is built to scale.

One of the Secretum’s goals is to create the NFT gaming world’s leading platform for trusted communications, cost-effective NFT trading, and community building – all underpinned by the power of the Solana blockchain. With the NFT sector booming, Secretum is positioned to satisfy a market need that is getting bigger by the day.

Join the last round of Secretum Private Token Sale. 3,000,000 SER tokens at a rate of $0.50. Deadline — April 22, 2022, at 24:00 EET or before allocated SER Tokens are sold.

For more info visit their website here.

🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024

Disclaimer

This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

images-e1706008039676.jpeg
Advertorial
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
READ FULL BIO
Sponsored
Sponsored