Roseon Finance, a mobile yield aggregator that manages crypto portfolios, is delighted to announce its partnership with My DeFi Pet, a virtual pet game that combines DeFi, collectibles and your own personality.
This partnership will allow users to store their NFT and crypto assets from My DeFi Pets on Roseon Mobile, allowing them to maximize their yields.
NFT gaming is going through a huge upsurge in popularity. The recent meteoric rise in the overall NFT market has led to a huge increase in the way NFTs are being utilized. Gaming is just one of those uses and Roseon is proud to be partnering with a project involved in this exciting space.
My DeFi Pet
My DeFi Pet is a new type of NFT experience. Players can collect, breed, evolve, battle and trade NFT monsters in an exciting environment that introduces people to a more colorful part of DeFi.
The economy of My DeFi Pet is built on My DeFi Pet’s native token, DPET. Monsters are obtained either by purchasing a random egg for 100 DPET or at auction where a monster is born every hour.
New monsters can be bred provided you have a matron and have access to a sire. This is the part of My DeFi Pets that is totally customizable. New monsters can be created by combining two different types of monsters in the breeding process.
A player can add value to their monster by evolving it. This involves feeding it with DPET tokens until it achieves legendary status.
The world of My DeFi Pets is divided into seasons and the end of each season will have rewards for players with large numbers of legendary monsters. The first season will see a massive rewards package of $100,000 and the economy can grow from there.
On top of that, My DeFi Pets will feature a battle mode. Players will put their team of monsters against other players providing another opportunity to earn unique rewards. This will provide a challenge for players and incentivize them to keep building their team.
The important thing about My DeFi Pets is that it is creating its own, internal, self-sustaining economy. Players have to lock value into their monsters in order to then be rewarded with prizes and benefits. This means that your monster is an investment. The more value you put into it, the more it will be worth in the future.
A Playful Way To Invest Money
My DeFi Pet is part of a growing movement. People are looking for more and more colorful and playful ways to invest money. This is especially seen across the crypto industry and the NFT gaming community in particular.
The prices that some NFTs have gone for has been stratospheric. Jack Dorsey sold the first ever tweet for $3.37 million. Grimes has sold a collection of digital art for an incredible $6 million. These purchases pale in comparison next to Beeple’s Everydays. At a truly staggering $69.3 million, this piece of digital art is not only the most expensive NFT but the third most expensive piece of art ever sold at auction.
If there’s one thing that can categorically be learned from this, it’s that people recognise an NFT as a store of value. People recognize the authenticity of an NFT.
Because of this, NFTs are a perfect medium to add value to digital gaming. Characters and items that are created as NFTs are unique. They cannot be duplicated. They have all the authenticity of a real world item. However, they can still be freely moved around the blockchain. They can be traded easily. The value of an NFT will depend on the readily traceable history of the token, especially in DeFi gaming.
In the case of My DeFi Pets though, the value of the monsters is based on their potential to earn rewards. This makes the value of your DeFi Pets even more tangible. There is a direct relationship between value and potential earnings.
With Roseon Finance, assets from My DeFi Pets can be easily stored, sent and organized. You can keep track of all your monsters, trade them easily or farm your DPET tokens for more NFTs.
Don’t let the cutesy presentation of My DeFi Pets fool you. At its heart, a team of monsters is like a portfolio of business. Like any business they require capital to succeed but if the right money is invested and the right decisions made, a return on your investment is very possible.
More than ever, people are looking for new and exciting ways to invest their money. Nowhere is that seen more than in the crypto industry and with NFTs. My DeFi Pet is a new type of investment opportunity and we are proud to be part of it.
About Roseon Finance
Roseon Finance is a mobile yield aggregator that manages your crypto and NFT portfolio and optimizes your yield across DeFi and CeFi networks. A hybrid key management with fully insured yield farming.