Can Wall Street Games make money from Blockchain Gaming? - Empresa-Journal (2024)

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.