Topic: Fight Farm NFTs: Stake to Earn, Strategy Betting Game (Read 8 times)

Yeah I’m still here… since 2012.

Fight Farm NFTs is a stake to earn, strategy betting game. Collect & stake fighter NFTs to earn $FIGHT & win $IST stablecoins based on real world UFC fight results.

A fighter NFT is like equity in their fight career. If they win, you win. You only need a single NFT to win, but staking muliples multiplies your winnings.

Every fighter NFT is minted on demand going into the scheduled fight. On fight night that fighter NFT version is capped to lock supply & increase rarity. Every new fight a new fighter NFT version is minted, sold, & capped creating limited edition NFT versions through a fighters career.

You are incentivized to collect all versions of any given fighter to increase earnings & be eligible for NFT upgrades upon the fighter retiring or leaving the organization. If the fighter has retired or left the UFC, you no longer have fights to earn & win rewards.

The NFT is then eligible for upgrade to a LGND fighter NFT. Redeem $FIGHT tokens earned during gameplay to upgrade your fighter NFT. Upgrading will burn 1 of every version of a fighter NFT. This reduces the total supply of fighter NFTs, as well as impacts the total supply of a specific fighter, and decreases the supply of each individual version. This is great for rarity and could impact price based on demand from long term collectors, and players who need at least 1 version of each fighter in order to burn and upgrade.

This means the total possible LGND NFTs that can be minted for each fighter is based on the total supply of their version that has the lowest supply.

Example: Fighter A

Version 1: 8 NFTs
Version 2: 25 NFTs
Version 3: 7 NFTs
Version 4: 29 NFTs
Version 5: 42 NFTs
Version 6: 47 NFTs

The max supply of LGND NFTs possible to mint for Fighter A is 7. If you burned all 7 of V3 NFTs, you would reduce the supply of all the versions by 7. You would reduce the total supply of the fighter NFTs by 42. Once the lowest supplied version has been depleted by burning, upgrading is no longer available for that specific fighter.

From a gameplay perspective, there may be increased demand to collect, burn, & upgrade to a LGND. But once supply & demand kicks in, the increased value of that reducing lowest supply version, as well as the decrease on the total supply for that fighter should impact price positively.

As a collector, many will simply want to hold the fighter NFT long term and not burn it because they are simply a fan of that fighter, or they are speculating on future demand and price that a collector or player is willing to pay for that specific fighter or specific version.

So, why would any player be willing to destroy the supply of the fighter in order to upgrade the NFT to a LGND.