The high demand for the Metamon NFT characters confirms the passion for their GameFi Metaverse experience — and their control of the secondary nonfungible token (NFT) market is quite impressive.
RACA Metamon NFTs sell out again
On Oct. 14, Radio Caca (RACA) had its second Mystery Box sale on the Binance NFT Marketplace. For the second time in a row, Radio Caca nonfungible tokens (NFTs) sold out with 5,686 collectors purchasing 30,000 mystery boxes. The NFTs were centered around their new Binance Smart Chain (BSC) game, Metamon, a planned integration to their Universal Metaverse (USM).
This mystery box sale allowed buyers to win Super Rare, Rare and Normal Metamon, along with Metamon Eggs.
The action takes place on Metamon Island
While the quick manner of the NFTs selling out is exciting, what’s more intriguing is the control Radio Caca has on the Binance NFT market.
NFT secondary market control
While many projects can boast of selling out NFT collections, it is Radio Caca’s firm control of the Binance NFT market in general that sets them apart. They maintained 40% of the total transaction volume on Binance NFT as of Oct. 18. In total, within three days of the initial sale, the secondary market volume of the Mystery Box NFTs was $2,265,564. These numbers indicate that Radio Caca is beginning to exert major influence on BSC and its NFT market.
Their last release took up 90% of the entire Binance NFT market share during the week it was released. This control of the secondary market is an indicator that Radio Caca’s NFTs are valued beyond their initial release — a key sticking point for metaverse projects.
This success indicates that, unlike projects that see their NFTs collect dust and lose value after the initial sale, Radio Caca NFTs are holding user interest in the long term. With an exciting roadmap ahead, it’s not hard to see why these NFTs are seen as real investment opportunities.
What is Radio Caca?
Radio Caca launched in May of this year and is rapidly gaining masses of fans to its already large global and devoted following. RACA recently broke into the top 200 coins per CoinGecko market cap charts, hitting an all-time high of $0.00271085 on Oct. 10. The token currently sits at #195 according to its rankings.
RACA is composed of a large and experienced team with strong connections in the blockchain and game industries. Therefore, there is a very high likelihood of it becoming a titan of GameFi and metaverse for the foreseeable and distant future. It is a highly-credible and well-connected project (it would be good to pay attention to the online events and panels they hosted) that provides users with a high quality play-to-earn (P2E) experience.
Their ultimate vision and efforts are centered on delivering a highly scalable metaverse. Their roadmap is quite impressive with a long list of planned integrations to expand their metaverse. The roadmap is planned out all the way to 2035, indicating that the team has a long-term plan for success.
Radio Caca team and partners
RACA is also the exclusive manager of Maye Musk’s NFT series. RACA is a leader in the metaverse field and has held panels with crypto luminaries like CZ, Maye Musk, Helen Hai and Justin Sun.
RACA has a strong market presence and backing due to the efforts of its team. The project has assembled a truly world-class development team with experience in both blockchain technology and gaming. RACA employs 80 engineers full-time plus an additional 300 part-time staff.
Metamon: a play-to-earn game by Radio Caca
Those who were lucky enough to get their hands on the Oct. 14 Mystery Box Sale don’t just own a beautiful NFT. The NFTs are used to play their play-to-earn game Metamon.
Metamon is a fun, visually appealing and engaging P2E game. It seeks to be an experience that will get more and more enjoyable, thanks to the support from its engineering team. The game will be updated and improved every two weeks, according to the team.
Metamons are the main characters in the game, ownership of which belongs to its NFT holder.
Metamons allow people to have a blast challenging other users’ Metamons to win in-game rewards (NFTs). Although the game is only on BSC as of now, RACA NFTs have cross-chain compatibility. This means you can list any NFTs you earn on RACA’s own secondary marketplace or on OpenSea. We recently covered Radio Caca’s innovative NFT Marketplace in a previous article.
What gameplay does Metamon offer?
Users can have near-infinite variety and fun while playing Metamon in the following methods:
Challenge. When you initiate a challenge to an opponent’s Metamon with your own, the winning side gets rewards. The RACA fees collected will be burned on a monthly basis.
Train. Players can use rewards to develop their Metamon by leveling up or improving Metamon’s attributes such as increasing the challenge success rate or increasing the odds of getting rare Metamon.
Play and Earn. Players have a chance to get Metamon Eggs as rewards. When you open a Metamon Egg, it will reveal your rewards. Try to score a rare Metamon for yourself.
The game will continue in expansion as its user base grows, with eventual integration into USM planned for December 2021. Through playing the game, players can level up Metamon, win potions, eggs and more Metamon, and then list those NFTs on OpenSea or the Radio Caca’s secondary market. Have a blast while playing to earn — that is the power of GameFi.
You can still join the fun even if you weren’t able to score a Metamon for yourself during the mystery box sale. Users can acquire a Normal rarity Metamon on the RACA NFT Marketplace. To ensure everyone has a fair chance to get in on this game, daily quantity purchase limits were put in place.
A GameFi industry leader
RACA continues to build on its success as one of the hottest projects in the GameFi and metaverse industry with consecutive sellouts of its NFTs, exclusive rights to Maye Musk NFTs, exciting P2E Metamon experience, the upcoming USM Metaverse, a large and experienced team, a rabid and devoted fanbase and, most importantly, continued control of the secondary market on Binance NFT. All of these factors could propel this project toward even greater heights. GameFi and the metaverse are the future and we look forward to witnessing great projects establish themselves for many years to come.
To learn more about Radio Caca, visit the following links: