How Can We Learn From Galaxy Fight Club (GFC)?
Today, we’ll be talking about Galaxy Fight Club (GFC). It is a NFT game that is similar to Brawl Stars and Thetan Arena. I’d like to believe that it is a secret in plain sight. There are a couple of things that the team has done well, which is likely to put the game at the forefront of many other NFT games we’re seeing lately. In one way or another, they have answered a lot of doubts on their whitepaper. The result is evident from the incremental floor price of their Galaxy Fighters, coupled with the community’s support on the development of the game. Opportunity is another word for a problem to be solved. Opportunities are always there, but it rarely knocks.
Galaxy Fight Club heard the knock.
For starters, the game launched its Alpha version to a selected group of people, so we can rest assure that we’re not simply seeing stock images flying all around the place, but we’re looking at the actual gameplay itself. By showcasing the gameplay, it gives confidence to the community that the game is soon to be released. Even though game updates add a layer of promise, it still doesn’t explain how the floor price of Fighters are increasing. We’re talking about how it was 0.05 ETH when it was first launched less than 2 months ago, and the current floor price sits at 0.75 ETH per character. That is a 15 times increase for an in-game character that has no utility right now.
Here is where most people, including myself, is mistaken
There is actual tangible value in holding the in-game characters. The brilliance of GFC begins here. We all know that no matter how good a project or a team is, whenever there is some sort of massive sell-off, it creates fear, uncertainty and doubt in the community. In order to better prevent a massive sell-off, GFC incentivizes its early adopters with its underlying in-game currency ($GCOIN). After all, it takes balls of steel to invest in a game that has yet to produce an inkling of its vision. If you hold an Original Galaxy Fighter, it generates a fixed amount of $GCOIN tokens daily. The token will be buyable and sellable on open exchanges such as Uniswap upon token launch.
Undoubtedly, the price of $GCOIN is unknown. However, if the game release goes smoothly together with its in-game marketplace as well as its coin listing on major exchanges, there is substantial value in collecting $GCOIN now. The value of the token comes from its utility. You’ll need it for different game modes entry, forging weapons, unlocking loot boxes, training 2nd generation fighters and the list goes on. It doesn’t matter if this idea was inspired from Genesis CyberKongz (Floor price is 150 ETH as we speak) giving out 10 $BANANA ($300 as of now..) daily or if it was inspired by the mere notion of staking.
I believe we can all agree that this is a valuable example that a lot of upcoming NFT games can learn from.
There are so many things happening in the crypto world. The events that take place are always in flux and can be nearly impossible to predict. However, the behaviours that drive people into action, influence their thoughts and guide their beliefs are mostly predictable. Markets change all the time, but greed and fear never do. There are many factors that NFT game developers cannot control, but when we put small changes compounded for long periods of time, the effect is indistinguishable from magic. This simple mechanic of generating yield effortlessly by holding the in-game character is a smart move.
In its plainest form, the Galaxy Fighter NFT has value in threefold. It is a collectible. It is an in-game character. It generates passive income.
What if the game fails? These are the other seemingly insignificant details that have pushed the brand to where it is today. You can check out the team. It looks pretty solid. You can check out their roadmap. They have met all their deadlines. You can check out the gameplay. Early adopters of the game are already testing out the Alpha version. You can check out their community here: Twitter and Discord. You will be shocked at how helpful and excited everyone is. There is no guarantee that this NFT project will succeed, but it ticks all my boxes when it comes to assessing a good NFT game. It is worth to note that nothing worth pursuing is free. Everything has a price, and the price is usually proportionate to the potential rewards. Sometimes the price doesn’t just come in the form of a price tag, but in the form of uncertainty too. How much would you pay to be an early adopter of NFT games?