Nodeseeds invests in 1UP.fun
1Up is a video game blockchain platform that gamifies the user experience and accelerates global blockchain adoption. Nodeseeds proudly partnered with 1Up to expand the world of DeFi!
Mario On Chain
We here at Nodeseeds nostalgically recall the excitement of stomping on your first goomba as the world’s most beloved red-hatted plumber. Now, Mario is coming to a blockchain near you thanks to the 1Up protocol! Focusing on the simplicity and engagement factor that defines 2D video games, 1Up seeks to expand the adoption of blockchain technology by demonstrating its potential elegance and seamlessness. Nodeseeds proudly partners with 1Up in their quest to expand global blockchain adoption.
A popular psychological mechanism known as “The Engagement Loop” stands at the heart of the 1Up protocol’s gamification mechanism. This psychological state allows users to derive a sense of tranquility and value from engaging in the same activity repeatedly — it’s why we’ve all fallen down a video game or Netflix rabbit hole for hours on end. The 1Up protocol leverages this psychological state to increase user engagement and retain users for the long term. 1Up allows the general public to interface with blockchain technology without knowing they’re using a blockchain at all.
25 Cents to Play?
At its core, the 1Up value proposition is charmingly straightforward. The protocol allows users to compete with one another for prizes after paying a small entry fee in 1Up tokens. Battle Royale matches based on the original Super Mario game series serve as the initial gameplay mode in the 1Up protocol. In this game, 50–100 users compete for the aggregate entry fee token pool. The top ten players in each round receive rewards in the form of 2–10 times their original entry fee. In this way, 1Up both gamifies and financializes competitive 2D gameplay on the blockchain.
In true video game fashion, 1Up allows players to accrue useful items over time in the form of NFTs. By adding gameplay value to NFTs, 1Up successfully identifies an additional layer of value for the nascent blockchain assets that extend beyond simple collectibles. Various game augmenting NFTs remain hidden throughout the various game rounds, further incentivizing users to play on the 1Up platform. By staking these NFTs, users can earn a percentage of item sales that occurs on the platform. 1Up offers users an enjoyable gaming experience and skin in the game via NFT staking.
Building decentralized financial systems is a huge challenge. Creating mechanisms that incentivize the average person to interact with these cutting-edge systems is just as difficult. The 1Up protocol’s simplicity attests to its elegant design. Leveraging game theory and psychology, the protocol keeps users engaged with genuinely enjoyable financial competition using timeless video game characters.
We at Nodeseeds look forward to deepening our relationship with the 1Up team and protocol and assisting in bringing blockchain to the masses!
What a fantastic month of May — Nodeseeds is gearing up for an even more exciting June! You can keep up to date on all of the Nodeseeds happenings by following our social media and checking out our Medium. We recently released the May investment report, and you don’t want to miss it!