Futster: Is It Possible To Make Money With The New Brazilian NFT Game?
Futster, a Brazilian football management game with athlete cards in the format of non-fungible tokens (NFTs), debuts at the end of October, just before the start of the Qatar World Cup.
As is customary in the market of cryptocurrencies , the new game mixes fun with investment, and promises to yield good bucks for players in the long run.
In the game, similar to the famous Brasfoot, the players are like soccer coaches. To assemble teams, they need to buy club packs, as if it were a virtual sticker album.
Each pack contains three player cards, real or fictional, and there are four major categories and different types of athletes – the higher the rarity, the higher the price. The values vary between R$3 and R$1,200 and the pre-sale is open until the 20th of October.
With the virtual team selected, players can participate in game experiences, such as football matches, competitions, achievements and other adventures. It is during these events, according to the project's creators, that users can earn new cryptocurrencies and other cards in NFT – which can also be worth money.
How The Game Works
“Players will receive 'gFUT' and 'gBOL' (os game tokens ) when winning matches and competitions. After a certain period of time, these in-game currencies will be able to be “claimed/tokenized” by users and converted into FUT and BOL”, explained Ivan Duffles, Executive Producer of Futster. FUT and BOL tokens are in fact the assets that will be traded on the market.
According to Duffles, the FUT token will be launched at the end of November, with an initial price of R$1, and the BOL at a second moment (exact date and value of the BOL were not disclosed). Also according to him, the currencies will be traded in “multiples” cryptocurrency exchanges and platforms. The names, he said, will be "announced soon."
Another way to earn money in the game will be through trading cards and accessories on the Futster marketplace. According to the Q&A on the crypto project's website, gamers will also be able to buy and sell NFTs on the Opensea, LooksRare and Gem marketplaces.
Non-fungible game tokens are created via smart contracts on the Polygon network ( MATIC ), a protocol linked to Ethereum ( ETH ).
Futster already has partnerships with major football clubs, such as Flamengo, Santos, Atlético-GO and Avaí.
What Are The Risks Involved
Duffles said that he personally rejects the terminology and the idea that NFT gaming involves "risk". According to him, Futster is a game and is not treated as a type of investment by the creators.
“The player who buys cards and tokens does it (or should do it) for fun, for pleasure, for the desire to progress in the game and complete their collection. When competing, he is above all testing his skill as a team manager against that of other players.”
The NFTs and market; crypto assets ;as a whole, however, is risky in nature. And this is because of the constant variation in asset prices, which changes with the winds of the market, and technology.
João Zecchin, founding partner of asset manager Fuse Capital, divides the risks of the broader NFT market into two main categories: systemic and market.
“Using a decentralized product in blockchain involves custody and care when choosing one cryptocurrency wallet and keep the private keys, and this is always a risk for those who are new to the market. There is also the issue of the smart contract itself. It is important to check how it is written, if it has already been audited or if it opens up to be hacked”, he explains.
Finally, according to Zecchin, there is market risk. “NFT is a listed asset. Because of this, its price can go up or it can go down. His performance, therefore, is based on demand”, he evaluates.
