£114m London blockchain operator unveils new NFT collection ahead of “play-to-earn” online game launch

Coinsilium Group Limited, the blockchain and open finance venture operator has unveiled its new NFT collection ahead of the launch of its online “play-to-earn” game.

The game and marketplace are being developed by portfolio company Indorse Pte Ltd and are set to be launched in Q1 2022. The “PowerUps” NFT collection has now been made available on the blockchain ecosystem “Polygon Network”.

In addition, the company has provided updates on the accompanying game which gives these NFTs their value as virtual artwork, with the roadmap to the launch of its BlockBots NFT Play-to-Earn game.

Indorse is set to launch a peer-to-peer (“P2P”) marketplace in mid-December 2021 dedicated to “PowerUps” trading, as a precursor to the full experience of the game.

The aforementioned “PowerUps” will provide in-game bonuses such as “weapons and wearables to equip BlockBots”.

Coinsilium CEO Eddy Travia commented: “It is excellent to see Indorse hitting this key milestone and unveiling the PowerUps NFT collection ahead of the play-to-earn game going live.

“Play-to-earn games have become one of the most lucrative areas in the NFT space as demonstrated by the fast growth of leading play-to-earn blockchain games such as Axie Infinity which has grown to become the largest NFT gaming ecosystem, with more than 1.8m daily active users logging into the platform in August 2021 and the game’s total volume to date standing at over $3.5bn, according to NFT sales tracker CryptoSlam.

“Axie Infinity creator Sky Mavis received a $152m investment from A16Z in early October 2021 and has spawned an entire infrastructure of Gaming Guilds connecting NFT owners and gamers with remarkable traction in markets like South East Asia.

“We are confident that the Indorse team has the right skills and the creativity to build a very successful play-to-earn gaming ecosystem of its own around the BlockBots original collection.”