Nifty Island Unveils P2E System and Future Utility for Palm Holders

After publishing the first $ISLAND token utility update in the form of a V1 litepaper last month, followed by play to airdrop distribution info also in September, the developers of 3D gaming metaverse Nifty Island are now back on schedule with the unveiling of a detailed breakdown on the upcoming play to earn system that is set to go live after TGE.

3D gaming metaverse Nifty Island has revealed details on an upcoming play to earn system, set to go live after the TGE on November 1st, 2024. The platform’s own P2E system will enable the web3 gaming community to start getting live in-game $ISLAND earnings.

How Does Nifty Island’s P2E System Work?

Once the final wave of the ongoing Play to Airdrop (P2A) Campaign is over and the TGE officially takes place on November 1st, 2024, the UGC gaming platform’s own P2E system should soon go up and running to enable the web3 gaming community to start getting live in-game $ISLAND earnings.

Players will be able to earn the $ISLAND token in-game by converting the Blooms currency that is earnable through gameplay and quest completion, but also from having players spend time on your island. The more Blooms you have, the more $ISLAND tokens you will be able to claim every 10 days (number might change). This will be possible to do in what is referred to as the ISLAND Rewards Dashboard. You will be able to access this dashboard through the platform’s official website, which will not only let you see and claim your pending token rewards, but also give you the ability to stake them in order to increase your Island Power Level (IPL). Increasing the IPL will give you a boost to the ISLAND rewards you can get from in-game activity, resulting in more tokens earned from your Blooms than you’d usually get without staking. The more you stake, the more tokens you are likely to receive from Blooms.

Basically, players and creators will be rewarded based on their Bloom earnings using a fixed reward pool distributed periodically through reward cycles. A reward cycle could be a 10-day period or another interval that will be confirmed later on, with the Blooms earned during that period possible to convert to $ISLAND tokens at a dynamic rate. This rate can be influenced by staking tokens. Each player however has a maximum earning limit for every reward cycle. This earning cap can be increased by holding higher-tier Palm NFTs.

If you contribute to this web3 gaming ecosystem by being an island creator delivering high-quality quests or other engaging content for players to enjoy, then you could end up getting bonus $ISLAND rewards for your efforts.

Due to the $ISLAND token having a capped supply, it seems that this system won’t last forever, as the official documentation page notes that the team will “gradually taper off” token rewards and start replacing them with “more inherently fun gameplay and compelling prize systems.” More details on what this means will be given in the future, but essentially, the team’s goal is to continue rewarding players with prizes through third-party quests, as they want Nifty Island to be the “hub for other projects to distribute rewards,” believing that for a long-term play to earn experience, “externally sourced rewards are the only sustainable solution.”

What Are Legendary Palms?

Legendary Palms represent 1 of 3 types of various Legendary Items used to provide holders with exclusive perks and benefits for an even better blockchain gaming experience. Other Legends NFTs include Ultra Blades and Legendary Pistols, and all 3 types are interoperable, game-ready assets that are designed to be usable both in and outside this metaverse.

What’s the Future Utility of Legendary Palms?

Some info on the platform’s most exclusive NFTs, Legendary Palms, have just been revealed on October 4th alongside the P2E system, as some of the utility of these NFTs provide you with benefits in your play to earn journey.

Specifically, it’s been revealed that holding Palms will increase your Palm Points, which influence your maximum $ISLAND earning cap per reward cycle. The more Palms you hold, the more Palm Points you have, in turn making it possible for you to earn more $ISLAND tokens in one reward period. As there are 6 tiers of Legendary Palms, you’ll want to own the higher-tier ones as they award you with more Palm Points.

En plus d'augmenter les revenus, les deux autres objectifs principaux des Palm NFT incluent la fourniture d'une autorité de conservation tout en agissant comme un symbole de statut social dans l'écosystème de Nifty Island. Cela signifie qu'il est prévu d'ajouter des avantages cosmétiques et de statut dans le jeu, les deux premiers produits cosmétiques arrivant autour de TGE. Ces 2 incluent un badge d’île légendaire et une mise à niveau de la frontière PFP. Le premier vous permettra d'afficher publiquement votre statut de Légende en affichant une icône exclusive sur votre île dans la carte du jeu, ainsi que sur votre page de profil sur le site Web, avec l'icône montrant le niveau le plus élevé de Palme Légendaire que vous possédez. . La seconde consiste à avoir une bordure exclusive autour de votre photo de profil dans le jeu et dans votre application Web, reflétant également le niveau supérieur de votre NFT.

Enfin, les détenteurs de Palm auront dans un premier temps la possibilité de voter pour leurs îles préférées comme ils le feraient

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