You can earn a boring monkey of $130,000 by winning this BlockChain game

The Alpha:

• NFT tickets for the Web3 game Internet Game were made today in anticipation of the aptly titled Bear Market Battle in the second phase. The sale will only last for 24 hours, but will maintain an unlimited offer throughout the sale period.
• By creating an NFT ticket, you can play to win ownership of several high-end NFT projects. At the time of writing, the floor price for each ticket is 0.07 ETH, or a little more than $100.
• The first prize announced? Bored Ape #4317 — currently valued at a cool 88.9 ETH.

Why it’s important:

Internet Game, co-founded by Jordan Lejuwaan and venture partner Krish Jagidar, just hit his second step. The noted NFT figure g money will host Bear Market Battle, along with actor and comedian Leah Lamarr. Securing high-end NFTs to be distributed as prizes will obviously require significant funding. Fortunately, Internet Game has that in spades. After a seed round of $7 million, the project could rise to new heights in stark contrast to the ongoing bear market. In addition to those funds, Internet Games’ first season also earned more than $2 million in revenue, according to the publicly available case study.

The Internet Game also promises functional utility for holders of NFT tickets. Although the public sale of these NFT tickets will only last for 24 hours, users will have plenty of opportunities to purchase more once the matches start on September 12. As with the first season, users can choose to continue playing or “cash out” at any time during Bear Market Battle’s five-day run by selling their tickets. Each user’s progress – and winnings – are saved to their tickets, allowing new owners to pick up where the previous owner left off.

What’s next:

In particular, a key investor in Internet Game is Rus Yusupov, founder of HQ Trivia. For the uninitiated, HQ Trivia is a free-to-play trivia game that comes with a very enticing promise. By playing the game, HQ Trivia offered its users the potential to win hundreds of thousands of dollars in cash prizes. Unfortunately, the game had one flaw: bad actors trying to game the system. This led to more users receiving their winnings months after the fact.

With the Internet Game’s reliance on the blockchain, it successfully waved off one of its spiritual predecessor’s most significant flaws. While it may not be a simple free-to-play app like HQ Trivia, requiring users to purchase an NFT ticket in advance ensures a safe and fair experience for everyone.

But wait! There’s more:

Editor’s note: Two members of the nft now editorial team previously worked with Internet Game founder Jordan Lejuwaan at Futurismbut was not involved in the publication of this piece.