Japan-inspired NFT game Chainbinders raises $5 million in 2 hours

[Micky]

Chainbinders, the world’s first liquid NFT collection backed by a reserve pool of Ethereum, raised over $5 million in the first two hours after the start of sale of their native BND utility token earlier this week, the firm said in a release to CryptoSlate.

$3.8 million of that was raised in just 15 minutes as part of the liquidity generation event (LGE).

The total amount of funds raised on the first day of LGE exceeded $6.2 million due in large part to the project’s high production quality, innovative game-theory mechanics, and a hyper-deflationary tokenomics model.

Inspired by Japan
Chainbinders is the latest NFT product by Doki Doki DeGacha, a gamified NFT platform inspired by the popular Japanese Gachapon, where players receive random collectibles from vending machines.

“Chainbinders is part game theory, part art collecting, part gacha, and part anime. It’s got elements of things ranging from Final Fantasy to Nier:Automata,” Roy Blackstone, Creative Director at Doki Doki, in a statement.

He added, “We’re creating original IP and characters (a massive cast of 15 of them!), giving them each their own backgrounds, lore, stories, motivations, and then gamifying them on the marketplace with some clever token mechanics to make sure these NFT’s have instant liquidity and actual value.”

The story takes place in a post-apocalyptic world with 15 unique characters called Chainbinders, who acquire mystical powers that have allowed them to survive after chaos gripped their homeworld.

Japan-inspired NFT Game Chainbinders Raises $5 Million in 2 Hours
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