Konstellation moves into the NFT space with Squid Squad OG
Konstellation Network, a blockchain protocol, built on Cosmos SDK is exploring the NFT space with Squid Squad OG. Konstellation Network is a multi-product platform that is building the infrastructure for decentralized capital markets. The network aims to become the leading backbone that will allow financial services and assets to become more accessible utilizing the Cosmos SDK based blockchain and building the broader community with platforms such as VegaX (an investment platform for crypto indexes and strategies)
Konstellation Network’s launch of Squid Squad OG, a collection of 3,192 playable NFTs based on Squid Game is critical to developing the Konstellation brand as an NFT heavyweight. Squid Squad OG is a secret club with members from all across the universe who have banded together for centuries upon eons to participate in a Battle Royale.
Squid Squad OG and the Konstellation Network Ecosystem
With Squid Squad OG, users can now merge the opportunities on Konstellation with the world of NFTs. Aside from being an interesting game to play, Squid Squad is also a good avenue to earn. Here’s how it works;
Squid Squad OG’s dispersal will be decided by $DARC. Users must purchase lottery tickets or win an auction with $DARC in order to win a Squid Squad OG NFT. Also, players in the auction will be randomly chosen to compete for the NFTs. The process will have two tiers of lottery tickets, as well as an airdrop and an auction.
Every $DARC used in the lottery ticket process will be added to the prize pool for every Airdrop batch . The funds from the airdrop lottery will be combined and added to the overall reward pool for that specific squad. So far, about 82,080 unique NFTs have been hand-created, however, only 3,192 will be minted. This will represent 7 batches of 456. The prize pool will be worth hundreds of thousands of dollars comprising both $DARC and $45,600 USDC in every batch.
How the game works
Players must have an NFT (through Airdrop or Auction) in order to play the game. Every NFT starts with 2 lives. Then the 456 players from the batch will fight each other at Rock, Paper, and Scissors. A loss means one less life for the NFT. When an NFT doesn’t have a life anymore then the NFT is eliminated from the game and burned. At specific points of the game, the remaining NFT holders vote on whether to continue or suspend the game. If players vote to continue the game, all remaining NFT will regain one life (with a max of 2 lives). Games will continue till there is one player left or the majority of players decide to stop the game and share the prize pool between them.
NFTs will play a huge role in Konstellation. It will be used as a reward system for users who successfully participate in the game. These NFTs will represent in-game assets.
About Konstellation Network
Konstellation is a network dedicated to the development of a decentralized capital market. Within a single platform, Konstellation seeks to allow investors to diversify their portfolios across multiple blockchains. They strive to address the absence of an effective and useful cross-chain system with the aim of interoperability at heart.
Konstellation, which is based on the Cosmos network, seeks to provide useable and unrestricted access to DeFi, cryptocurrencies, and capital market investment options. Users can utilize the native token $DARC to vote on platform policies, settle processing fees, and engage in staking to gain rewards.
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Disclaimer: This is a paid post and should not be treated as news/advice.