In this article, we’ll explain how Wizardia’s Arena Genesis NFTs differ from OpenSea’s NFTs so you can make the most from passive royalty generation. If you haven’t checked in for a while, the fourth round of Arena Genesis NFTs is now live and 75% sold on wizardia.io. But let’s look at Wizardia’s game economy first.
Why are Arena Genesis NFTs profitable?
TL;DR: The nature of the game ensures lifetime income from transaction fees to Arena Genesis NFT owners.
NFTs are at the very core of Wizardia’s realm, making it easy to generate revenues for players and investors.
As a player, you can generate revenues from Wizard NFTs that represent the player’s characters in-game. You can level up them and sell, trade, or rent out on the Wizardia marketplace. If you don’t want to engage in gameplay and are looking for investment opportunities, go for Arena Genesis NFTs.
As an investor, you can earn from Arena Genesis NFTs in two ways:
- Before Arena launch: Get staking rewards as a founder (Arena Genesis NFTs).
- After Arena launch: Earn from every transaction made within the Arena.
Arena Genesis NFTs give investors the possibility to contribute to the early development of Wizardia’s gameworld and earn potentially endless royalties from all battles that will take place once the game’s battle arena is out. Early investors will receive up to 76% APY from Wizardia NFT staking rewards (NFTs unlock after Battle Arena goes live).
The potential for revenue generation is vast because the Wizardia world is largely based on the discovery aspect. Players who love problem solving will be constantly motivated to stay in the game because they will influence its direction in the process, ensuring lifetime income from transaction fees to Arena Genesis NFT owners.
The main difference between Wizardia’s royalties vs. OpenSea royalties
Wizardia’s approach to income generation through NFTs builds on the royalty structure of popular NFT platforms like OpenSea, where royalties are earned each time an NFT is sold.
However, with Wizardia’s Arena Genesis NFTs, the tokens needn’t be sold to generate continual royalties. Instead, they act as early-bird royalties in the project’s ongoing progress.
Also, the possibility of generating royalties on Wizardia seems to be higher.
Once the game goes live, the royalties generated from Arena Genesis NFTs will grow exponentially from the ever-increasing transactions as more and more players arrive in Wizardia. Whereas the market on OpenSea is already approaching saturation point — the prospect of actually selling an NFT there is never wholly assured.
How do OpenSea royalties work?
OpenSea is an online marketplace where users can sell and trade their digital collectibles (NFTs). It’s one of the biggest marketplaces of its kind — in 2021, it crossed 1.8 million active user wallets. According to DappRadar, its cumulative trading volume was $12.5 billion through 2021.
With OpenSea, you can generate revenues in two ways:
- By selling your initial set of NFT items to users;
- By collecting a fee once a user re-sells an item you created.
Since you create and store your NFTs on the blockchain, they can be traded from wallet to wallet, and you get royalties every time a transaction happens. You can earn up to 10% royalty fees on all resales of your items.
So, what do people trade on OpenSea?
Users can trade various unique digital NFT assets in eight categories: art, collectibles, domain names, music, photography, sports, trading cards, utility, and virtual worlds. From custom crypto stickers to well-known items like CryptoPunks — anything goes.
How do Arena Genesis NFTs work?
With Arena Genesis NFTs, you don’t need to participate in the actual gameplay to generate revenues. Instead, you’ll be generating passive income from all the players’ transactions conducted within the game (in the Arena).
Investors who purchase Arena Genesis NFTs before the Arena’s launch will have the opportunity to stake their tokens and generate revenues from all later NFT sales rounds. Once the game is launched in full, these tokens will be moved from the staking and will begin to generate royalties from transactions conducted within the Arena.
There are seven rounds of Wizardia’s Arena Genesis NFTs sale, and their price progresses through each subsequent round. The difference between the cost of the NFTs between round one and round seven of the private sale is quite stark — ranging from $125 per token to $445.
Even late-stage investors can reap serious rewards
While the incentive to participate in the earliest rounds of the sale is apparent, the way Wizardia’s royalty generation is constructed also gives late-stage investors a good chance of reaping serious rewards.
Calculate your potential Wizardia Royalties
To get a better picture of how much you could be earning once the battles start, check Wizardia’s projection calculator here.
When can you buy Wizardia’s Genesis NFT?
The first phase of Wizardia’s Arena Genesis NFT public sale already began in February, with later phases of the sale set to be held throughout the early part of 2022. Round four is open now, with Arena Genesis NFTs priced at $255 and selling out fast. The game’s battle arena game mode is slated for release by the end of Q2-Q3 of this year, meaning Arena Genesis NFT holders will be able to start earning passive income from in-game battles very soon.
Valerija Šaturina
Valerija is Wizardia's social media manager. Specializing in creating, editing, and posting day-to-day social media spells on Wizardia’s channels, she helps Wizardians to stay up to date with the exciting updates and announcements from the world emerging from The Fog.
Contents
Further reading
All articles
7 Best NFT Games to Make Money in 2023
Turn your gaming time into an investment by playing some of the best NFT games in 2023! NFT games integrate blockchain technology into conve...
How you can earn with Wizard NFTs
At the time of The Tearing, the Original Wizards emerged from The Fog. Each one is an all powerful being, able to bend reality to their wi...
Wizardia Explained — Arena Genesis NFTs, Staking, and Passive Royalties
Wizardia is an upcoming fantasy role-playing game based on blockchain and NFT technology where players take on the role of Wizards and bat...