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What is My Neighbor Alice (ALICE) Crypto?
My Neighbor Alice is a multiplayer blockchain-based game where players can buy and own virtual islands, collect and trade NFTs in the form of in-game assets, and engage with the games community. The games players need to start by buying virtual real estate called Plots directly from Alice or via the games marketplace.
In addition to Plot NFTs, My Neighbor Alice also features several other in-game assets which can be bought, sold, and traded on the marketplace. Such NFTs include houses, animals, vegetables, decorations, or cosmetics to upgrade the players avatars.
Players can develop their plots after purchasing and owning them using the various in-game NFTs. From changing the plots terrain and sprucing them up using decorations to adding houses and animals, this multiplayer builder game has many engaging features.
ALICE is the native crypto asset of the My Neighbor Alice ecosystem. Players can use the ALICE token when they buy or sell NFTs, buy plots of virtual land, or access the games suite of DeFi products. DeFi services on offer within the games interface include collateralization, buyback, and staking, offering players an additional way to monetize their overall experience.
My Neighbor Alice boasts an impressive list of investors and partners backing it, including Blockchain Gaming Alliance (BGA), Ankr The Sandbox, Kyros Ventures, Neo Global Capital, Maker, and more. The game has plans to enable true decentralization in governance through the establishment of a Community Council. The native token ALICE will be used for governance purposes, empowering token holders with submitting and voting on proposals.
How Does My Neighbor Alice Work?
My Neighbor Alice brings players an actual GameFi experience, gamifying finance and offering its users several opportunities to earn through engagement. In addition to playing the game and completing quests, players can also generate rewards in ALICE tokens from trading non-fungible tokens (NFTs) and performing decentralized finance (DeFi) related transactions within the games ecosystem.
The game is free to play and offers a low barrier to entry for new players curious about My Neighbor Alice. However, players must purchase NFTs to level up and earn rewards in the game.
NFTs such as plots of virtual land and other in-game assets are available for purchase in the games marketplace. They can also be purchased via other NFT marketplaces on different blockchain networks.
Higher buying activity around the games NFTs creates higher liquidity for assets created in the game. This liquidity encourages more players to engage with the game by offering higher rewards as incentives for building and creating in My Neighbor Alice.
When Did MyNeighborAlice Launch?
My Neighbor Alice started in Q4 2020 when the game was first announced. The games developers raised $2.1 million in funding in Q1 2021, and its token ALICE went live on the Binance Launchpad this quarter.
The first land NFT sale of the Pioneers Point region took place in Q2 2021. The game also announced a partnership with The Sandbox by issuing Alice NFTs on the popular metaverse platform.
In Q3 2021, My Neighbor Alice announced a mobile companion game called Alices Mysterious Seed. The second land sale in the Shaded Headland region occurred during this quarter. During this period, the game won the award for being the Binance Launchpad Project of the Year. The developers also rolled out pre-alpha testing of the game on Steam.
The fishing features alpha phase was completed in Q1 2022. The team has conducted several land sales through 2022. Plans include introducing land resources and in-game partnerships as the community grows.
Answers
Is MyNeighborAlice (ALICE) a Good Investment?
My Neighbor Alice is one of the markets most promising blockchain-based builder games. The play-to-earn project has several established brands as investors and partners, increasing its appeal as an investment worth considering.
The My Neighbor Alice price could experience an uptrend as the project announces more features that attract a higher number of players to its ecosystem. In addition, news about adding more partners or receiving more investment could also support the ALICE price statistics in the future.
In addition to higher on-chain activity and growth of the project, the My Neighbor Alice price and market capitalization could also enjoy support from a solid bullish mood in the crypto market. An improvement in the price and current market cap of leading cryptos like Bitcoin and Ethereum encourages buying activity across the board and sends the price of My Neighbor Alice and other altcoins upwards.
What is My Neighbor Alice (ALICE) Price Prediction?
While it is impossible to offer an accurate My Neighbor Alice price prediction over any duration, several fundamental factors support an optimistic outlook toward ALICE crypto as a potential investment opportunity. Looking at the ALICE price history, the crypto is trading well below its all-time high of over $42 as of September 2022.
The ALICE price could restest its highest price amid solid support from fundamental drivers, including increased game adoption by players and growth of its ecosystem coupled with a bull market mood towards cryptocurrencies.
An increased interest in playing the My Neighbor Alice game or trading its NFTs could also help the game earn higher revenues, which could drive up the value of ALICE token in the market. The My Neighbor Alice value could also catapult as its ecosystem expands and more features to engage its community are rolled out in the future.
What is ALICE Token Used For?
ALICE, an ERC-20 token designed on the Ethereum blockchain, is the native cryptocurrency of the My Neighbor Alice ecosystem. The following are some of its uses:
In-game Currency
Players can use ALICE to purchase NFTs within My Neighbor Alice, including virtual land, other in-game items, and cosmetics to upgrade their avatars.
Earn Rewards
The P2E game rewards players using ALICE tokens for participating in various quests and events within the game. Winning competitions on My Neighbor Alice will also allow players to earn ALICE crypto.
Staking Token
The My Neighbor Alice community can stake ALICE on the platform to support the game and earn lucrative interest in their contribution.
Governance
ALICE token holders are also eligible to participate in the decentralized governance mechanism of the My Neighbor Alice game. They can submit and vote on others proposals regarding future upgrades to the game, how to use the revenues earned by the game, and how the ecosystem evolves and grows.
Crypto Asset to Invest in and HODL
My Neighbor Alice crypto is an exciting GameFi token to invest in. You can buy or sell My Neighbor Alice against other crypto assets or hold it long-term if you believe in the future potential of the game. Check the real-time MyNeighborAlice price, live market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade $ALICE.
Earn Passive Income
In addition to staking ALICE within the game, you can also use the BYDFi Crypto Lending service to earn attractive interest on your ALICE holdings. Visit this section to lend liquidity for ALICE on our platform and earn daily interest over seven days, 14 days, or 28 days.
How to Earn in My Neighbor Alice
My Neighbor Alice is an exciting GameFi project that offers its players several monetization opportunities. Lets take a look at the various ways you can earn ALICE coins:
Play and Earn Rewards
The easiest way to earn rewards in ALICE tokens is by participating in events within the My Neighbor Alice ecosystem and winning the quests.
Buy and Sell Plots
You can buy virtual land called Plots, develop them, and sell them on the in-game NFT marketplace and other NFT marketplaces to earn profits.
Trade In-game Assets
Like the Plot NFTs, you can also trade other in-game assets and generate profits from them, earning ALICE tokens when selling them for higher earnings on the My Neighbor Alice's marketplace.
Staking
A convenient way to earn ALICE and grow your holdings is by staking $ALICE within the game. Staking helps drive up the level of engagement among the community of players and is also a lucrative way to put your crypto investment to work and grow them.
Trade $ALICE
After carefully analyzing the ALICE price chart, you can buy or sell $ALICE in the crypto market against other cryptocurrencies. Entering a trade at the right time through research could help you earn profits and grow your crypto portfolio.
How to Play My Neighbor Alice Game
Heres how to start playing the game My Neighbor Alice:
1. Visit the Alpha Access section on https://play.myneighboralice.com/.
2. Click on Get Alpha Access and connect your wallet to the app.
3. Click on the Market tab to look for available plots of land for sale. You can see Plots available on both Primary Sales and Secondary sales in this section.
4. Click on the plot of your choice and select Place your bid to bid for the Plot NFT.
5. Once you own a Plot of land, start playing the game by participating in available quests, purchasing in-game NFTs to develop your Plot, and more.
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