The metaverse is a superset of virtual reality, augmented reality and the internet. Its tendencies exist in forms you may already be familiar with, such as in popular video games like Roblox, Fortnite and Animal Crossing. The term was first coined in Neal Stephenson’s 1992 science fiction novel “Snow Crash,” where a pair of delivery drivers travel the metaverse to save themselves from a capitalist dystopia.

The metaverse that many futurists envision is similar to the ones portrayed in sci-fi stories like “Ready Player One.” While no one knows for sure what the metaverse will look like, its basic characteristics are established – it spans physical and virtual worlds, is centered around a fully functioning economy, and allows users to travel through its different “places” with relative ease, maintaining their purchased goods and avatars.

Like a virtual theme park with no limits to its size and creativity, users will be able to move seamlessly from place to place with thousands of other people, all within the same digital universe.

Why the metaverse matters

Even if the metaverse fails to reach the epic vision many have in store for it, it could fundamentally change the way we interact with the digital world. A collective virtual experience could bring new opportunities to creators, gamers and in the same way non-fungible tokens (NFT) have, not just reshaping the creator economy, but inventing it anew.

The virtual world of the metaverse could become its own trillion-dollar industry. A go-to for entertainment, commerce and for some, even a place of work. . The metaverse is not being described as an extension of the internet but a successor. And it’s being built using blockchains and decentralized applications.

Venture capitalist and essayist Matthew Ball writes that the metaverse will become “the gateway to most digital experiences, a key component of all physical ones, and the next great labor platform.” He believes it will be the driving force in creating a new generation of companies, similar to what happened with the popularization of the internet. Maybe more interestingly, it could lead to the fall of incumbent industry leaders, as we saw with the rise of digital platforms.

Enter Facebook

At the end of June 2021 , Mark Zuckerberg told his employees at Facebook they’d be working “to help bring the metaverse to life.” The company has assembled a team of its executives to spearhead the project, including Instagram product head Vishal Shah and Facebook Gaming’s Vivek Sharma and Jason Rubin.

In an interview with The Verge, Zuckerberg outlined his ambitions for what the metaverse could be. He discussed the idea of virtual workspaces, which he called “infinity offices.” Working in VR, he argues, allows for greater multitasking, and meeting in a virtual, metaverse type environment can be intrinsically more collaborative and productive. Zoom calls have their obvious limitations, and Zuckerberg says he already prefers to do his meetings in VR if possible.

He also brought up how the metaverse can provide solutions to social inequities. Based on the research of Raj Chetty, Zuckerberg makes the point that a person’s geographic location is highly correlated with their financial opportunities. In a world with a popularized metaverse, however, this idea is sort of flipped on its head, with remote work becoming more accessible as the technology behind virtual and augmented reality improve.

Facebook plans on spearheading this development with its own set of investments. It currently owns Oculus, which makes the popular Quest VR headset. While VR technology still has a long way to go, according to Zuckerberg, it’ll be ready for metaverse capabilities “by the end of the decade.”

Other tech giants stepping into the metaverse

No one person or company can have control over the metaverse, but the usual suspects of the tech world are already staking their claim on the future of the space. Google, Microsoft, Samsung and Sony have joined Facebook in the XR Association, a consortium of tech companies aiming to shape the future of “experiential reality.”

Gaming is ahead of other metaverse technology in many aspects and could continue pioneering the space. For years, video games have leaned into the concept of in-game economies, where players can buy and sell goods that hold no real value outside the universe of the game itself. The most recent example is Fortnite, but an older example is the continued success of games like Grand Theft Auto V. Despite being released more than seven years ago, the game grossed over a billion dollars in profit in 2020, thanks to a large online community still active in the game’s online, open-world universe. The metaverse aims to connect these in-game economies under one cohesive umbrella of virtual experience. Unlike in the world of video games, the metaverse is not objective-based. Our relationship to it will be more similar to how we treat the internet than some kind of virtual role playing game

DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.

New DeFi concepts have sprung up around them:

Yield Farming :

For knowledgeable traders who are willing to take on risk, there's yield farming , where users scan through various DeFi tokens in search of opportunities for larger returns.

Liquidity Mining :

When DeFi applications entice users to their platform by giving them free tokens. This has been the buzziest form of yield farming yet.

Composability :

DeFi apps are open source, meaning the code behind them is public for anyone to view. As such, these apps can be used to "compose" new apps with the code as building blocks.

Money legos :

Putting the concept "composability" another way, DeFi apps are like Legos, the toy blocks children click together to construct buildings, vehicles and so on. DeFi apps can be similarly snapped together like "money legos" to build new financial products.

Blockchain games introduce a new section of the industry to players. It introduces a system  that promotes decentralised gaming activities. Instead of a centrally controlled server,  blockchain digital game assets are distributed among players and tokens are distributed in  the network to facilitate interactions. By implementing blockchain, players in the industry  gain access to true ownership, decentralised games, fair gameplay, and cryptocurrency  acquisition through gameplay, global leaderboards, and censorship resistance. Much more,  blockchains built games and decentralised applications effectively capture the utility and  value of in-game purchases and asset acquisition.

As the influence of blockchain in the gaming industry grows, non-fungible tokens have  further driven the growth of the industry. These non-fungible tokens are digital assets that  represent in-game content. The dynamism of non-fungible tokens introduces a shift that  makes players capture the utility and value of assets acquired through in-game purchases,  promotional events and regular gameplay. Assets can be tokenised, thus transforming in-  game purchases to transferable assets that can be exchanged for currencies or interoperable  with other games.

As NFTs can retain value beyond the game in which they are developed,  these blockchain built games tend to establish new gaming categories, establish economies, One of the earliest adoptions of blockchain in the gaming industry is  Cryptokitties. CryptoKitties  game dropped on the Ethereum network in 2017 and literally clogged the network to a  standstill. As gamers rushed to have a taste of the new type of blockchain gaming, the money  flowed in their wake. The most expensive collectible cat ever sold in the game was valued at $117,000. And that confirmed prospects of decentralised gaming.

Ever since then, blockchain-based games have been coming off the production line with  varying degrees of complexity and success. The first quarter of 2021 saw the advent of an  upgrade in crypto gaming in the form of NFT games, which have made the shift from Play to  Earn games to collectible games based on the Pay to Earn principle, as rare NFTs often fetch  astronomical prices on the market.

Recent statistics from statista.com reveal that the game market value worldwide has  increased significantly over the past decade and is forecast to grow over the $200 billion  mark in 2023. The overall capitalisation of the NFT market reached over $22 billion in 2021,  up from $338 million in late 2020. Much of the given sector is being focused on the gaming  industry, which has immense potential for providing gamers with unique opportunities for  collecting in-game items. Such possibilities are best highlighted in the Esports market, which  was valued at over $495 million in 2020 and is expected to reach over $646 million in 2021  due to the injection of new technologies that make the engagement process more exciting  for gamers and fans.

As of the first quarter of 2021, 80% of all traffic on the Ethereum network is attributed to  Decentralized betting and gaming transactions over the last two years running. Such figures  are a clear indication of the interest that both players and developers are dedicating to  decentralised infrastructures for a great number of reasons. But while Ethereum is making  headway, the Binance Smart Chain is also catching up by offering many exciting crypto game  projects, like Battle Pets.

What is GameFi ？

An amalgam of gaming and decentralized finance (DeFi), ‘GameFi’ refers to the intersection between blockchain-based gaming and decentralized financial instruments in all their guises: yield farming, lending/borrowing, algorithmic stablecoins, token minting instruments, etc.

The term was initially picked up on and perhaps even coined by ‘Father of DeFi,’ Andre Conje, as far back as September of last year: 

“Gamification applied to monetary policies excites me so much. Your funds are becoming gear to use in this defi game,” Conje said in a social media post. “Till now we have been cloning tradfi, going forward we go into Gamefi.”

How Is GameFi Performing?

The Father of DeFi’s excitement seems to have been well-founded as we see the success of recent gaming projects. The world of GameFi has flipped conventional gaming on its head. 

By providing users opportunities to earn profitable rewards, gaming is no longer a money drain for players–– it is a money gain! The NFT Summer of 2021 has turned into the GameFi Summer, with several games taking crypto by storm.

A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable.[1] NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.

The NFT market value tripled in 2020, reaching more than $250 million. During the first quarter of 2021, NFT sales exceeded $2 billion.

Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. A staggering $174 million has been spent on NFTs since November 2017.

NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes. “Essentially, NFTs create digital scarcity,” says Arry Yu, chair of the Washington Technology Industry Association Cascadia Blockchain Council and managing director of Yellow Umbrella Ventures.

This stands in stark contrast to most digital creations, which are almost always infinite in supply. Hypothetically, cutting off the supply should raise the value of a given asset, assuming it’s in demand.

But many NFTs, at least in these early days, have been digital creations that already exist in some form elsewhere, like iconic video clips from NBA games or securitized versions of digital art that’s already floating around on Instagram.

For instance, famous digital artist Mike Winklemann, better known as “Beeple” crafted a composite of 5,000 daily drawings to create perhaps the most famous NFT of the moment, “EVERYDAYS: The First 5000 Days,” which sold at Christie’s for a record-breaking $69.3 million.

Anyone can view the individual images—or even the entire collage of images online for free. So why are people willing to spend millions on something they could easily screenshot or download?

Because an NFT allows the buyer to own the original item. Not only that, it contains built-in authentication, which serves as proof of ownership. Collectors value those “digital bragging rights” almost more than the item itself.

Bingo Bsc was developed as the first Decentralized gaming platform on the Binance Smart Chain to provide players with a safe gaming network that aids in a fair share of the perks of the platform.

While traditional gaming networks restrict the benefits of players through centralised control and lack of transparency, Bingo BSC makes provision for decentralised and accountability of in-game asset ownership while still making players earn through various reward generating mechanisms. Being built on the Binance Smart Chain, Bingo BSC provides gaming interoperability that is not provided by the existing centralised network and existing blockchain gaming platforms.

With gaming interoperability, players can play games across networks and use their in- game purchases across provided platforms. The platform incorporates the best AAA mobile blockchain RPG that allows players to convert their gaming passion into valuable digital assets. Players participate in challenges, collect items and resources, and craft items to get digital assets with uprising value. As players complete certain actions, rewards will be distributed among them. These rewards can also be used to purchase other in-game assets or NFTs with real value.

On the platform, players who play games and complete certain actions can earn rewards in the form of resources, digital assets, equipment or the platform’s currency. Any reward earned can be used to recruit and upgrade heroes or create equipment to complete progressively harder tasks. As players complete tasks in the platform, they move up to the next task level.

Amongst the features implemented by the network, Bingo BSC incorporates the use of NFTs. These NFTs will be in the form of pets. The pets can initially be purchased during the presale offering. However, when the game launches, it will only be sold by players. The NFTs will be used to increase the chances of players success on the gaming platform. As the platform is built on the Binance smart chain, players will be able to play their games seamlessly while paying low fees for assets trading.

The Bingo BSC gaming platform develops an underlying coin for players to use in the network. The coin will serve as an in-game currency for players to spend when they need to mint an asset on the blockchain to make a primary sale purchase or vote on important game decisions. The coins are used to mint NFTs, which are in turn used to participate in serval games on the network. By providing different opportunities for players to earn and build their wealth, Bingo BSC creates a massive real world economy for players and creators.

Binance Smart Chain functions as a blockchain network that leverages the high functionality of the Binance Chain while incorporating smart contracts in its ecosystem. Being compatible with the Ethereum Virtual Machine, it easily launches Dapps and Ethereum tools, making it possible for developers to port their projects with Ethereum to the Binance Smart Chain without any difficulty.

The cross-compatibility feature between the Binance Smart Chain and the Binance Chain provides a means through which users can transfer assets from one blockchain to another, thus enabling speedy trading capabilities with the smart contract functionality.

In essence, users can trade on Binance Chain while still building decentralised apps on the blockchain. Amongst others, the Binance Smart Chain is particularly known for its cross-chain asset transfers and EVM compatibility, five-second block time, and Proof of Stake Authority consensus protocol to ensure scalability. It uses a mixture of Proof of Stake and Proof of Authority Models - the Proof of Staked Authority Consensus Algorithm, thus providing more inclusive chain management.

Bingo Bsc leverages the minimal transactions fees and speed of the Binance Smart chain to provide players with a safe, secure, and interoperable gaming process for gamers. As the Binance Smart Chain is also scalable, creators can mint more NFTs, and players can seamlessly move up to the ladder to earn seamlessly.Low Transaction Fees: Binance Smart Chain was developed to be the most inclusive blockchain for traders.

By project low transaction and trading speed of up 3 seconds, the network proves to be the best for NFTs functionalities. Its features will enable Bingo players to seamlessly conduct countless transactions without one affecting the other

Multi-wallet Support: Being compatible with the Ethereum Network, platforms built on the network can be used with other wallets like Trust Wallet, MetaMask or the Binance extension wallet

Incorporation of Bridges and APIs: the Binance Smart Chain ecosystem consists of tooling projects, infrastructure and bridges that aid cross-chain interoperability. Much more, it includes APIs for quick data sharing and processing as well as security projects analysing and providing risk assessment. The utilisation of these features will solidify the gaming platform and keep the network seamless.

Bingo BSC is a Decentralized play to earn gaming network that rewards players for completing certain tasks. The network places priority on players hardwork by providing them with valuable assets that can be converted to build their financial holdings.

The network includes servers that make it stand above every existing centralised and blockchain-based gaming platform. These features are utilised by players to gain the best of the network.

BINGO PLAN

The Bingo Plan is the first feature to launch on the BSC enabled gaming platform. The feature includes an ABCD plan to help players make huge wealth and gain access to more financial opportunities in the gaming space.

BINGO COIN

BingoCoin is a premium in-game currency freely given to players for engaging in certain gameplay actions in the Bingo mobile game network. The coin can be utilised to access various services on the network and can also be traded between players on a marketplace. The coin may also be distributed to community members for certain actions deemed appropriate by Bingo Gaming.

Bingo Gaming

BingoCoin is a premium in-game currency freely given to players for engaging in certain gameplay actions in the Bingo mobile game network. The coin can be utilised to access various services on the network and can also be traded between players on a marketplace. The coin may also be distributed to community members for certain actions deemed appropriate by Bingo Gaming.

It could be distributed as a reward program for community events and competitions or distributed as grants, bonus tokens, etc. BingoCoin can be used in the Bingo Gaming platform when players want to perform “premium” actions that involve creating new blockchain assets. For instance, It could be a part of the cost of crafting and merging in-game items. Bingo BSC partners with Bingo.Gaming to issue and distribute the in-game currency that will be used in the mobile game platform.

This in-game currency (BingoCoin) is a BEP-20 token. By being built on the Binance Smart Chain, the coin is notably interoperable with other coins. Much more, coin ownership aids in the seamless facilitation of transactions in the network. The coin will also function as a liquidity token in decentralised exchanges in order to facilitate quick transfer of the tokens among traders. Liquidity providers can earn from their investment while still earning on the mobile gaming platform.

BINGO SWAP (CrossChain)

DeFi innovation has brought many practical applications to the industry and has promoted the development of open finance. The Decentralized exchange (DEX) is a notable space that has gradually been recognised by the market following a surge of growth and consumer participation. According to DeBank data, the total value of locked assets of Etheruem DeFi projects is over $60 billion. However, network congestion and poor scalability have caused unprecedentedly high network transaction fees. This problem is urgent and caused significant financial detriment for users of the blockchain space. The problem lacks a proven solution with community consensus. With the emergence of various Layer2 solutions and the efforts of some side chains such as BSC and HECO, there are now choices for retail investors. However, transaction barriers between blockchains will continue to limit the usage of assets.Bingo-Swap helps counter these limitations by leveraging cross-chain protocol to connect different blockchain networks, thus allowing users to freely exchange.

BingoNFT

EARNING NFT ASSET IN THE DECENTRALIZED GAMING NETWORK

The Bingo Gaming platform provides several ways for gamers to earn. While the availability of various earning measures could birth the influence of bad actors, the platform incorporates measures to prevent these actors from influencing the market and facilitate the ability of legitimate players and their assets to maintain value over time.

The Bingo Plan is the first feature to launch on the Bsc enabled gaming platform.

The feature  includes an ABCD plan to help players make huge wealth and gain access to more financial  opportunities in the gaming space.

Daily Interest  +0.1% For New Deposit

Bingo Plan	ROI	DAILY	TOTAL RETURN
Bingo A	10%	11	110%
Bingo B	8%	15	120%
Bingo C	7%	20	140%
Bingo D	6%	30	180%

The Bingo plan has (4) four categories of investment. The ROI accrued by each player will  be dependent on the category in which they invested. On every amount invested, 0.1% profit  will be automatically added to the existing amount invested every day. Hence if a player  participates in plan A on the first day of launch and gets 10%, the interest would become

10.1% the next day for new member join . The Bingo Plan also gives a marketing bonus to  every participating member. Hence, if the value of the cryptocurrency is invested in $100  (USD), the member gets 2lv, if it is $500, the member gets 8lv. And if it is $1000, the member  gets 15lv. All marketing bonuses will be automatically added to every participating members’  wallet.

Lv -1	8%
Lv -2	4%
Lv -3	3%
Lv -4	2%
Lv -5	1%
Lv -6	1%
Lv -7	1%
Lv -8	1%
Lv -9	1%
Lv -10	1%
Lv -11	0.5%
Lv -12	0.5%
Lv -13	0.5%
Lv -14	0.5%
Lv -15	0.5%

At the end of the cycle, every participating member will get the BingoCoin during the airdrop.

AIRDROP DISTRIBUTION

Plan	Airdrop Amount x times	Total Airdrop
Bingo A	1,000,000 x 11	11,000,000
Bingo B	2,000,000 x 15	30,000,000
Bingo C	3,000,000 x 20	60,000,000
Bingo D	4,000,000 x 30	120,000,000

There are some platforms where existing gaming network does not provide tangible benefits to players, despite their efforts and resources giving in completing tasks and breaking records. Although blockchain technology has impacted certain aspects of the industry, it has not yet been used to preserve some aspects of the industry.

BingoBsc is therefore a Decentralized finance + gaming ecosystem platform developed on the Binance Smart Chain, providing a solution for the ever-iterating centralized gaming network while bringing valuable returns to each player.

Existing platforms give little consideration to the interests of players, but Bingo BSC enables fair sharing so that every player participates in the gaming network, and they can earn rewards for completing tasks or use rewards to improve their ability to complete new tasks. Players can also earn more valuable NFTs as rewards for completing difficult tasks.

By providing a platform to realize the value of blockchain technology and NFT, Bingo BSC solves legacy problems in the gaming industry while allowing users to own their in-game assets as valuable collectibles.

The future will be the decentralised financial system of blockchain combined with the game concept of “Metaverse”, while creating a more valuable art world of NFT. Looking forward to the next 10 years, BingoBsc will be standing at the cusp and take advantage of the trend to provide players with the greatest value.