New token launchpads can create a lot of market excitement for new and existing cryptocurrency projects. Blockchain-based provably fair poker outfit Virtue Poker is expanding its presence by venturing into the world of Non-Fungible Tokens. All of this is achieved with the help of SuperFarm’s new and versatile token launchpad.
The Popularity of NFTs Keeps Rising
Over the past few months, there has been an increasing interest in Non-Fungible Tokens, or NFTs. Whether it is artists looking to bring new creations to the world or existing companies building stronger relationships with their users, the opportunities are endless. Virtue Poker, a provably fair poker game on the blockchain, is the latest project to explore the potential of NFTs. With the help of SuperStart, the plan is to integrate Non-Fungible Tokens into Virtue Poker at a future date.
Since its inception in 2016 – with the help of ConsenSys – Virtue Poker has continued to gain popularity and attention. Its ongoing growth has been fueled by multiple successful rounds of investment from major backers. In April of 2021, the latest round saw the venture raise an extra $5 million through a private sale.
To bring the VPP token to the public, Virtue Poker will organize an Initial DEX Offering (IDO) on the SuperStarter launchpad. The decentralized protocol launched by NFT platform SuperFarm is designed to facilitate private presales and Initial DEX Offerings with regulatory compliance and security in mind. Its suite of tools also includes marketing, development, and generalized advisory, with a council approving only the most viable submissions.
Spreading NFT Adoption
While the initial focus for Virtue Poker is completing the upcoming IDO, the team is already looking at its post-IDO process. That process will entail the introduction of NFTs into the Virtue Poker ecosystem. Another step forward for the Non-Fungible Token industry, as it shows there may be a demand for such offerings in the poker world.
Virtue Poker CEO and Founder Ryan Gittleson’s comments:
“As we approach a full mainnet release, partnering with SuperFarm for launching NFTs helps immortalize this historic moment for us. We believe using Ethereum to create a provably fair and easy-to-access poker platform will be revolutionary for the multi-billion-dollar online poker industry.”
SuperStarter, the new token launchpad by NFT-oriented platform SuperFarm, will facilitate the sale of a small portion of VPP tokens to the public. Investors have an exclusive chance to become a Virtue Poker token holder. This token is not just used for governance purposes, but also provides an option to run Justice Nodes and earn platform fees, and is a utility to access marketing initiatives and saving on fees.
The cryptocurrency and blockchain industry is a lot more versatile than people give it credit for. Different segments of the industry can come together in a meaningful way to create something entirely new. Until now, there has not been a meaningful effort to combine blockchain-based poker with NFTs, yet Virtue Poker is taking the plunge.
Exploring new and exciting marketing opportunities will eventually bring more mainstream attention to the broader industry. Moreover, this venture shows how existing platforms – such as SuperFarm – can expand their reach to cater to people across different segments by providing them with valuable tools and services. More competition will lead to more innovation and a better overall user experience.