Home 2022 January 17 Can Wall Street Games make money from Blockchain Gaming?
Daniel Jennings, January 17, 2022January 17, 2022, Ethereum, Blockchain Gaming, Can Wall Street Games make money from Blockchain Gaming?, How Wall Street Games could Make Money, Wall Street Games (WSG), Wall Street Games Plans, What is Wall Street Games?, What Value Does Wall Street Games Have?, 0
I think Wall Street Games (WSG)shows everything wrong with blockchain gaming.
To explain, Wall Street Games calls itself a blockchain gaming platform. Yet I see no evidence, Wall Street Games supports a single game. Instead, the Wall Street Games Roadmapsays they will release the first game in the First Quarter of 2022.
Strangely, Wall Street Games is offering Google Play and App Store appsand claims users can sign up and play now. Yet they do not say what games you can play on the app. I have to ask if the games are so great. Why don’t they describe them? For example, they mention a game they call Viper Rush but do not describe it.
Moreover, Wall Street Games has no connection to the stock market, investment banking or Wall Street. Instead, Wall Street Games appears to be an ordinary gaming website.
Yet, CoinMarketCap named Wall Street Games the ninth most trending cryptocurrency on 16 January 2022. In contrast, CoinMarketCap named Wall Street Games (WSG) the 1,063rdlargest cryptocurrency on 17 January 2022. CoinMarketCap gave Wall Street Games a $10.136 million Market Capitalization and a $2.951 million 24-Hour Market Volume on 17 December 2022.
What is Wall Street Games?
Wall Street Games (WGT) will make money by selling game activation nonfungible tokens (NFTs). To explain, you will need a Game Activation NFT to play a Wall Street Game.
Users can buy a Game Activation NFT through the Wall Street Games app or platform for WGT or fiat currency. Players can also earn Game Activation NFTs by staking WSG/BNP LP (liquidity protocol) or WSG. When users stake, they can earn NFT cards from staking pools.
Users can earn more rewards by swapping NFT cards for keys. The keys unlock the Wall Street Games Treasure Chestwhich contain more rewards. However, they do not say what the rewards are. The idea behind the Treasure is to monetize gaming skills.
I think that means gambling. To explain, users earn rewards by playing games. This seems like gambling to me.
How Wall Street Games could Make Money
Wall Street Games (WGT) will make money by selling game activation nonfungible tokens (NFTs). To explain, you will need a Game Activation NFT to play a Wall Street Game.
Users can buy a Game Activation NFT through the Wall Street Games app or platform for WGT or fiat currency. Players can also earn Game Activation NFTs by staking WSG/BNP LP (liquidity protocol) or WSG. When users stake, they can earn NFT cards from staking pools.
Users can earn more rewards by swapping NFT cards for keys. The keys unlock the Wall Street Games Treasure Chestwhich contain more rewards. However, they do not say what the rewards are. The idea behind the Treasure is to monetize gaming skills.
I think that means gambling. To explain, users earn rewards by playing games. This seems like gambling to me.
Wall Street Games Plans
Wall Street Games (WSG) began with a Beta Bug Hunting Reward Program, release of the Android and iOS mobile apps, the Treasury Release, and a Marketing Campaign in the first quarter of 2022.
They plan to launch Wall Street Games on other blockchains in the first quarter of 2022. They also plan to release a new game, launch the NFT Marketplace, and a Collectibles Album Launch in the first quarter of 2022.
Wall Street Games plans a second new game release, a WSG Event, Celebrity Marketing, and partnerships with leading blockchain gaming platforms in the second quarter of 2022. They don’t identify the games they plan to release or the celebrities who will market WSG.
What Value Does Wall Street Games Have?
Mr. Market ascribes some value to Wall Street Games (WSG). For example, CoinMarketCap gave Wall Street Games a $0.00000003251 Coin Price, an $10.136 million Market Cap, a $32.516 million Fully Diluted Market Cap, and a 24-Hour Market Volume of $2.947 million on 17 January 2022. They based those numbers on a Circulating Supply of 311.708 trillion WSG.
Comparatively, Coinbase gave Wall Street Games a $0.00000003 Coin Price, a $10.1 million Market Cap, and a $2.0 million 24-Hour Market Volume. They based those numbers on a Circulating Supply of 311.7 trillion WSG.
I think Wall Street Games has some theoretical value. However, I recommend speculators avoid WSG until they show they can make money from games.
Originally published at https://marketmadhouse.comon January 17, 2022.
Related Articles
-
+
Can Ontology Gas (ONG) make money from a Virtual Machine?
Daniel Jennings, July 13, 2023July 13, 2023, Ethereum, Financing, Insight for Entrepreneurs, Can Ontology Gas (ONG) make money from a Virtual Machine?, Ontology EVM Tokens, Ontology Gas (ONG), Ontology Gas (ONG) is Worth more than the Ontology Token (ONT), Ontology Nodes, Uses for Ontology Gas (ONG), What Value Does Ontology Gas (ONG) offer?, Wing Finance, 0
Ontology operates as a dual token blockchain. They claim a dual token blockchain is more scalable and supports higher...
-
+
Will Verasity (VRA) make money from Adtech, Esports, and Digital Entertainment?
Daniel Jennings, May 6, 2022May 11, 2022, Data Driven Business, Ethereum, and Digital Entertainment?, Can Verasity (VRA) fight Ad Fraud?, Esports, How Much Money could Verasity Make?, The Verasity (VRA) token, Verasity (VRA), What Value Does Verasity Offer?, Will Verasity (VRA) make money from Adtech, 0
They describe Verasity as a blockchain company trying to create a fresh experiencein Esports, Adtech, and Digital Rights Management....
-
+
Can THORChain (RUNE) make money from Cross-Chain Yield?
Daniel Jennings, August 23, 2023August 23, 2023, , Cloud Computing, Data Driven Business, Ethereum, Financing, Insight for Entrepreneurs, New Markets, Technology, Can THORChain (RUNE) make money from Cross-Chain Yield?, HORChain (RUNE), How THORChain (RUNE) Processes transactions, THORChain (RUNE) assets and swaps, What Does Mr. Market Think of THORChain (RUNE)?, 0
THORChain offered a Total Locked Value of $267.5 million, a Total Liquidity of $117.5 million, $150.1 million in Total...
-
+
What Value does the Compound Protocol (COMP) have?
Daniel Jennings, March 24, 2022March 24, 2022, Ethereum, Initial Coin Offering, Compound (COMP), How Compound Earns money from Borrowing, How Compound Works, What is Compound (COMP) worth?, What Value does the Compound Protocol (COMP) have?, 0
The Compound Protocol uses exponential mathto create the interest. The interfaces work with institutions, including Coinbase Treasury, Compound Treasury,...
-
+
Can the Loom Network (LOOM) make money from a Multichain Interop and Dapps?
Daniel Jennings, September 13, 2022September 13, 2022, , Cloud Computing, Ethereum, Can the Loom Network (LOOM) make money from a Multichain Interop and Dapps?, Loom Network, Loom Network (LOOM), Loom Network and CryptoZombies, multichain collateralized assets, Multichain Interop, The Loom Network (LOOM) Token, What is the Loom Network?, What Value does the Loom Network (LOOM) have?, 0
The basis ofLoom Network (LOOM)is Basechain. Basechain is an interoperable DPoS (delegated proof-of-stake) blockchain. They claim Basechain is compatible...
-
+
Can Dark Matter make money from decentralized finance?
Daniel Jennings, June 2, 2021June 2, 2021, Ethereum, Dark Matter (DMT), Decentralized Autonomous Organization (DAO), Decentralized Finance, Decentralized Investment Organizations(DIOs), Investing in Decentralized Finance, So what is Dark Matter?, What is Dark Matter?, 0
Dark Matter is a fascinating concept for a new investment. I think that investment will be a blockchain corporation...
-
+
What Value does Axie Infinity (AXS) Have?
Daniel Jennings, October 4, 2021October 4, 2021, Ethereum, Axie Infinity (AXS), Axie Infinity Shards (AXS), Axie Infinity Token (AXS), How Axie Infinity Makes Money, Sky Mavis the Team Behind Axie Infinity, What Value Could Axie Infinity Have, What Value does Axie Infinity (AXS) Have?, 0
I think Axie Infinityis a fascinating idea for an investment. To explain, Axie Infinityis a game you can invest...
0 Comments
Leave a reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Users can buy a Game Activation NFT through the Wall Street Games app or platform for WGT or fiat currency. Players can also earn Game Activation NFTs by staking WSG/BNP LP (liquidity protocol) or WSG. When users stake, they can earn NFT cards from staking pools.
Recent Posts
- Is Nike (NKE) making money?
- Is Boeing (BA) making money?
- Is Walgreens Boots Alliance (WBA) a super bargain?
- Can Okta (OKTA) make money from an Identity Cloud?
- Possible Fusion Breakthrough at the University of Wisconsin
Tags
AlphabetAmazonAppleCloud computingEntrepreneursFacebookinvestinginvestmentinvestment marketsNASDAQ: AMZNNASDAQ: GOOGNASDAQ: TSLANYSE: WMTPresident Donald J. TrumpStock MarketsstocksStocks investmentStock TradingTesla MotorsWalMart