The crypto.com-backed web3 monetization SDK for gaming studios Shards.tech has seen its first nft collection sell out, as the collection aims to serve as a boost for the project's upcoming airdrop campaign.
Called 'Booster nft', a collection of 2,000 freely minted nfts sold out in its first-come, first-served phase, with over 1,641 nfts claimed through guaranteed slots. He minimal price of the collection currently stands at 0.189 eth at the time of writing.
Powered by the project's native $SHARDS token set to launch later in 2024, the collection offers a number of benefits to its holders, including airdrops during the Shards.tech token generation event. Users can use the newly released Shards.tech leaderboard to earn more points by interacting with the SDK technology in their games like Petopia and more, which will have a direct correlation with the amount of airdrop claimed. More points equals more $SHARDS airdrop. The company has partnered with more than 20 games within its ecosystem, with more than 55,000 active users.
The startup aims to act as a monetization layer for game studios, allowing them to fractionate their gaming teams, allowing games to dramatically increase revenue, retention and increase average spend, with the first campaign generating over $300,000 in volume in the game.
Corey Wilton, Founder and CEO of Shards.tech said that “The technology aims to monetize non-game players for web3 games, adding an additional layer of revenue streams by creating a speculation flywheel throughout the game.”
tech/” target=”_blank” rel=”noopener”>Fragments.tech decided to put the underlying concept of Friend.tech within a game, stimulating greater competition and speculation, allowing the fractionation of teams or “guilds” within games. “Game studios can connect the free-to-use Shards SDK to their ecosystem, creating a guild system that splits teams, creating a “flywheel” for game studios, founders, gamers, and non-gamers..”
With a chain-agnostic and gaming-agnostic model, Shards.tech launched earlier this year and has increased game studio revenue, retention rates, and average in-game spend by over 100%. integrating and partnering with famous web3 brands like YGG and more.
What makes the success of its nft collection even more impressive is that the project had an eye-catching debut despite overall poor market conditions, especially for nfts. The market continues to fall week by week last Friday with a drop of almost 14%, according to bitcoin.com/nft-sales-slide-continues-amid-record-crypto-volumes-marking-fourth-week-of-decline/” target=”_blank” rel=”nofollow noopener”>reports.
The nft sales results stand in stark contrast to record numbers across other crypto sectors this week, with prices of popular cryptocurrencies like bitcoin and ethereum crossing all-time highs as centralized and decentralized cryptocurrency exchanges hit peak trading volumes in March.
Shards.tech's total trading volume stands at 11 eth within the first 24 hours of public trading, as the project prepares for the token's launch on centralized exchanges in the coming months.
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