It's gonna be an in game currency for this and other blockchain platforms by this developer, so can use for purchasing NFTs, playing games(that can get you rewards) and so on. I think I'll give it a try since its low investment at this point.
The NFT subject above is quite cool and perfect for F1 racer enthusiast. I'm a collector of NFT like kitties and horses. I believe nowadays only few collectors are still buying NFT after cryptokitties craze was over just like ICO craze. But as you said purchasing in early stage will gonna give a huge advantage if ever this ERC721 token will gonna be in trend again. BTW that staking feature was cool since you can earn using your collection while it's atill in your wallet and not by selling it.
Yea I agree, I'm in to motor sports so finding this interesting. I also have some kitties and personally love them, but I do agree that this model doesn't work for everything. Here what I think is cool is that there is so many sides to the platform(well eventually). Since it will be about collecting, gaming and investment, so I think it will attract lot of different types of folks and some of the pics about the future game look really cool.
I have gone the staking route before with pos but that is to mine new coins,,, I do not know if the same concept can apply to this but it seems to me any type of easy money thing usually involves some risk and calculations. And will only benefit the big whales as opposed to smaller stakers. I would say all models fail eventually,,, because speculation will ruin it.
Yea I think if you dont invest a lot you can only expect mediocre returns, but I guess thats how its everywhere unless you get lucky. Whats nice in the staking is that you need like one initial investment and then can just sit and wait. Also some of these original first NFTs may gain quite good value later on as collector items.
