Crypto.com backed web3 monetisation SDK for game studios Shards.Tech has seen its first NFT collection sell out as collection aims to serve as a boost for the project’s upcoming airdrop campaign.
Called ‘Booster NFTs,’ a collection of 2000 free-mint NFTs sold out within its first-come-first-serve phase, with over 1,641 NFTs being claimed through guaranteed spots. The floor 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 holds a host of benefits for its holders which includes airdrop during Shards.Tech token generation event. Users can utilise the newly launched Shards.Tech leaderboard to take up more points by engaging with the SDK technology in its games such as Petopia and more, which will have a direct correlation on the amount of airdrop claimed. More points equals more $SHARDS airdrop. The company has partnered with over 20 games within its ecosystem, with over 55,000 active users.
The startup aims to act as a monetisation layer for game studios, enabling them to fractionalise their in-game teams, allowing games to drastically boost revenues, retention and increase average spend, with the first campaign generating over $300,000 in volume in-game.
Corey Wilton, Founder and CEO of Shards.Tech said that “the technology aims to monetise non-game players for web3 games, adding an additional layer of revenue streams by creating a speculation fly-wheel across the entire game.”
Shards.Tech decided to put the underlying concept of Friend.Tech inside a game, stimulating further competition and speculation, allowing fractionalisation of teams or ‘guilds’ within the games. “Game studios can plug the free to use Shards SDK into its ecosystem, creating a guild system that fractionalises teams, creating a ‘flywheel’ for game studios, founders, players as well as non-players.”
With a chain and game agnostic model, Shards.Tech launched earlier this year and has boosted game studio revenues, retention rates and average spends in-game by more than 100%, integrating and partnering with famous web3 brands such as YGG and more.
What makes the success of its NFT collection even more impressive is that the project had a splashy debut despite the overall bad market conditions, especially for NFTs. The market continues to decline week-by-week last Friday with an almost 14% drop, according to reports.
The results in NFT sales stand in sharp in-contrast to record high numbers of other crypto sectors this week, with prices of popular cryptocurrencies such as Bitcoin and Ethereum crossing all-time-highs as both centralised and decentralised cryptocurrency exchanges hit peak trading volumes in March.
Shards.Tech total trading volume sits at 11 ETH within the first 24 hours of public trading, as the project gears up for a token launch on centralised exchanges in the coming months.
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