What Is Nakamoto Games (NAKA)?

Nakamoto Games is a decentralized platform on the blockchain network which caters to several games that can be played by users worldwide. The platform aims to provide a medium of generating a nominal and sustainable income which a user can earn while playing games on the blockchain. Thus, the platform is said to be a play-to-earn gaming ecosystem.

According to the website, forty-three percent of internet users can’t meet monthly living expenses. Also, as the whitepaper suggests, the current play-to-earn system has several shortcomings such as limited options in blockchain games. Another problem is that the few games available for playing are on different blockchains and not one. The third issue with the current play-to-earn gaming industry is the lack of support from developers.

Thus, Nakamoto aims to provide a play-to-earn algorithm that helps a user who has an internet connection with an opportunity to gain passive income. Moreover, the platform is building a kind of ecosystem where developers will be provided tools that can be used to upload games to a broad user base.

Further, the Nakamoto platform seeks to give access to a wide variety of games on blockchain to any user who has a cryptocurrency wallet. The players on the platform compete with each other to win the weekly prize pool and other rewards. Also, the developers who intend to upload games on the user base can monetize their games and earn as well. The protocol works on the polygon network.

The native token of the Nakamoto protocol is NAKA. The ticker name which denotes the token is also NAKA. The NAKA token is used by the players to gain access to various games on the platform as well as provide a reward system. The holders of the token also participate in the governance of the platform. The NAKA token is also burned. Burning is when a fraction of tokens is sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.

History of Nakamoto Games (NAKA)

The Nakamoto Games platform was founded in December 2020. The whitepaper of the project was released in the second quarter of 2021. According to the whitepaper, the maximum total supply of NAKA coins is 180,000,000. The team includes Chawalit Rugsasri (CEO), Phiriyaphong Phumphoang (COO), and Rumchawun Keeratipitayaporn (CMO).