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What Is Play-and-Earn by BeaRex and Why It Is Revolutionary for GameFi

BeaRex has kicked off a new era for GameFi fans: the Play-and-Earn era (P&E). This approach takes into account the interests of all participants in the blockchain gaming ecosystem: those who want to play for money, as well as those who just play for fun. After all, the cheerful 2D runner was primarily created so that players could enjoy themselves in its universe, and if they can earn money from their skills and acquire resources in the process, all the better! In this article, we explain why making money in games is a revolutionary concept, what obstacles Play-to-Earn players currently face, and why BeaRex is absolutely the last word in blockchain gaming. The secret to the success of the world’s most popular games is having simple rules and the ability to play on mobile devices. BeaRex combines both of these in a game with a plot that echoes the famous Mario. The game’s main character is a bear who runs along an endless obstacle course, collects berries and other resources, and tries to escape from a dinosaur. The berries are needed to make smoothies, and what happens after the bear drinks it is really worth seeing! Depending on the ingredients, the world around him changes in the most unexpected way, and to predict the metamorphosis is quite impossible. The Main Ingredient of Success: Play-and-Earn GameFi, or monetized blockchain games, can prove to be a constant source of income for players. It has evolved into a surging technological trend over the past year, just as fresh and booming as decentralized finance (DeFi) was a couple of years ago. And this is no surprise, as GameFi combines three key ingredients — game mechanics, NFT, and DeFi — to attract millions of potential users. The GameFi phenomenon appeared at the junction of gaming and cryptocurrencies. DappRadar, which tracks blockchain industry activity, reported in November 2021 that games are responsible for about half of blockchain use cases. At the same time, about 2.5 million unique active wallets (UAW) are connected to decentralized applications (DApps) daily! The essence of Play-and-Earn boils down to the following: users receive tangible, and not purely virtual, money for developing within the game. This is a huge step forward for the entire gaming industry, since now ordinary players can reap profits by taking part in gameplay, and not just celebrity streamers. This significantly increases the number of people who want to play. And it’s precisely thanks to blockchain technology and cryptocurrencies that all this has become possible. BeaRex Eliminates the High GameFi Entry Threshold Despite the abundance of incentives to enter GameFi, there are still restraining factors. The main obstacle is the cost of entry. In order to get on board, you need to shell out hundreds, if not thousands, of dollars. It is clear that this isn’t affordable for everyone, especially considering that many of the players flocking to Play-to-Earn are from poorer countries. In fact, in some places, playing a P2E game can bring in more money than working! Many players with respectable incomes cannot afford the exorbitant start-up costs either, even if they know they’ll be able to earn back their investment in the future. Moreover, people usually want to try out a number of different games and aren’t ready to immediately slap down several thousand dollars to be able to play something once in a while that they may not even end up liking. BeaRex’s Solution: Combining Free-to-Play and Play-to-Earn Original It is precisely due to the demand for an easy and flexible way to enter GameFi that BeaRex has developed a new, more advanced version dubbed Play-and-Earn. P&E is a hybrid model that includes both Play2Earn and Free2Play capabilities. This combination allows gamers not only to earn money but also play for free while increasing their skills and having fun along the way. Players can try their hand at short tasks to earn ‘karma’ so that they can take on more profitable tasks and grow their income later. BeaRex solves the problems of GameFi participants’ two main groups: investors and players. Investors want to put money into GameFi but often don’t have the time to play. In fact, they may not be interested in gaming at all! Players have the opposite problem: they love games and want to play but often don’t have the money to buy expensive game NFTs. BeaRex offers a solution: a player who doesn’t want to play for some reason can pay an experienced player a fixed price in tokens to pass through the levels for them. Thus, the investor receives passive income, while the player can enter the game and start earning with the investor’s character without buying an expensive NFT, which they may not be able to afford. But that’s not all! BeaRex is first and foremost a universe created for the pure enjoyment of playing the game. The main philosophy of the project is that everyone should be able to play, and when players are ready to make money, they can buy NFT Bears and switch to Play-to-Earn mode. Four BeaRex Game Modes Play-for-Fun: A completely free mode in which you can train and enjoy the game on a smartphone. All game progress can be saved and used in Play-to-Earn mode later. In order to start earning, the player must buy an NFT bear. Investor Mode: This is ideal for people who want to earn money from P2E but don’t know how to play or don’t want to. With the help of the order board, you can rent your Bear out to a more experienced player who will play it to pass through levels, collect gaming resources, and earn profits, which can be split between you. Play-and-Earn: This regime is for gamers who want to play the game and pass through its levels with their own bear. Everything is simple here: all the profits of your hard labor are completely yours to keep. Order Execution Mode: This is for players that have their own bear but see the benefit of taking a more powerful animal from an investor to earn more. The greater the player’s skill, the cooler and more profitable the tasks they can take on. Animated Series and the BeaRex Metaverse BeaRex is not just a game, but also an animated series! Work on an animated series based on the game has already begun. The first episode will be released at the end of 2022, and the entire first season will be available in 2023. The series will follow the adventures of bears from the very first NFT collection, which will be sold in mid-July of this year. Owners of the bears portrayed in the cartoon will receive royalties from series rentals. BeaRex Beta Launch BeaRex has already launched a beta version in an Instagram mask. A bright and absolutely mind-blowing universe awaits you here: collect berries, prepare smoothies, and save the world from dinosaurs, while earning money along the way or just playing for fun. There is currently a special offer for all game participants on Instagram: play the game in an Insta mask and earn 500 TRIP tokens. And all players will participate in a $5,000 NFT draw. Good luck in the game!   Image: Original

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Influencers Intentionally Loot Millions From Crypto Community In Pump And Dump Scam

Two conspiracy theorist influencers have caused a lot of investors to lose crypto funds in a pump-and-dump scheme. They presented a portfolio of cryptocurrencies with dubious claims about authenticity and institutional backings. These claims aimed to create enough hype for the cryptos and raise their prices more than they should be. Given that they have […]

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Bridge Champ Inches Closer To Introducing Casual And Competitive Online Bridge Play With Play-to-earn Features

Bridge Champ Inches Closer To Introducing Casual And Competitive Online Bridge Play With Play-to-earn Features

Blockchain technology and cryptocurrency continue to play a growing role of importance in various life aspects. Bridging bridge into the online world is a necessity at this time, and Bridge Champ leverages these innovative technologies to make that happen. Substantial progress has been made in recent months, but more work is needed.  The Online Era […]

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Blockchain is the Solution to Recycling

For a long time, improper waste management has been polluting oceans and landfill sites with plastic that will never break down. The waste to water ratio of water bodies is devastatingly alarming. In turn, this is having a detrimental impact on marine life. It is no secret that our planet is in trouble. We’re facing a climate crisis, and a big part of the problem is the amount of waste that’s clogging up our landfills and oceans. This kind of pollution can cause entanglement, suffocation, and ingestion of toxic chemicals by wildlife. It is estimated that 100M marine animals and turtles die each year. In addition to the harm caused to wildlife, it also negatively impacts our own health. It has become apparent that plastic is a major source of pollution in our oceans, land, and food. Most people don’t realize that the plastic they’re throwing away will never break down. It will sit in landfills and eventually make its way into the ocean, harming sea life and wildlife. The Solution to the Problem There is a lot of activity and talk in the blogosphere around solutions to the plastic problem that is being faced worldwide. Most of these solutions are generic for the most part, and do not give a clear picture of what is happening with plastic waste in each country. Yet, there are some interesting solutions on how we can eliminate plastic from our lives. Plastisks is a green startup that is creating a blockchain-based global recycling platform. It has the potential to facilitate the process by making it easier to recycle plastic, where we can track where our materials go and make sure it’s being recycled properly. This would reduce the amount of contamination caused by plastic and help to protect our planet. The company has made a simple, smart-manufacturing platform to capture plastic waste, filter out contaminants, and reshape it. Artists and companies that are committed to the environment can join the platform to create a profile to show their commitment. Plastisks is building a recycler network based on a mobile app called Valora. The platform manages the entire recycling process, from sourcing and sorting, to recycling and reshaping.. In addition, it allows every stakeholder to show their commitment to increase plastic recovery and recycling. Plastic waste is a big problem in our oceans, and the only way to keep track of it is by tracing the waste that has been generated. With the crisis oceans are facing, IBM has now joined hands with The Plastic Bank to help monetize ocean plastic and create a blockchain based application and IBM Cloud to help end the ocean plastics issue. Here, you can earn rewards for recycling, with The Plastic Bank already having contributed to the recycling of over 2 billion bottles. The initiative is helping to combat plastic pollution by providing an incentive for people to recycle instead of throwing it away. This new system is a great example of how blockchain technology can help make a real impact in the world. Is Recycling the Way to go? If more people are encouraged to recycle, then we can start to make a dent in the amount of plastic waste that’s plaguing our planet. Plastic is a substance that can be recycled over and over again, so it’s important to encourage people to recycle. We can help to reduce pollution and preserve our planet for future generations. To keep up to date with all things Plastiks: Website | Twitter | Instagram | Medium | Discord  

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Former OpenSea Executive Indicted In First-Ever Digital Asset Insider Trading Case

Former OpenSea Executive Indicted In First-Ever Digital Asset Insider Trading Case

The US Department of Justice has filed charges against a former product manager at leading NFT marketplace OpenSea for wire fraud and money laundering in what the DoJ called the “first-ever digital asset insider trading scheme.” The DoJ alleges that the former executive broke the trust of the NFT marketplace by illegally profiting from confidential […]