The non-fungible token (NFT) market has reported tremendous growth during the past year. Multiple NFT competition platforms have also sprouted during this time, with one of them being Lucky Block. Lucky Block is one of the largest NFT competition platforms powered by the LBLOCK token.
NFT Competitions have become very popular over the past year. While some projects, such as Lucky Block, are committed to giving their users the best of NFT and blockchain gaming, other projects, such as NFT-Competitions, have been launched without a clear roadmap and with poor offerings.
NFT-Competitions appear as the top result on search engines. However, this is merely because of the platform’s name and not because it has the best offerings compared to other NFT competition platforms.
On its website, NFT-Competitions claims to be a “skill-based competitions” platform that allows users to participate in various quests and win prizes. The platform also claims to provide fixed odds to give investors the best chance of winning. NFT-Competitions also says that it is based in the UK and regulated under UK laws and legislation.
The NFT-Competitions websites provide scanty details about the project, the winners in the competitions, and the roadmap that will see the project grow into the future. Additionally, the project’s Twitter page has around 177 followers, despite the page being created last year.
The poor offerings of the project and its lack of a community-driven approach are concerning, given the high number of rug pulls that have happened within the cryptocurrency market. Therefore, investors looking for the best NFT competition platforms they can invest in should consider robust platforms such as Lucky Block.
Lucky Block is an NFT competitions platform already making a name for itself. The project was launched earlier this year with a whitepaper and a robust roadmap that will see it scoop a massive share of the growing crypto games ecosystem.
The Lucky Block NFT competitions platform allows players to buy an NFT created for every prize. Some of the prizes that the holders of these NFTs can win include a house, $1 million worth of Bitcoin, a Bored Ape Yacht Club NFT, VIP tickets to the FIFA World Cup, and more.
Besides the NFT competitions, Lucky Block also supports a daily jackpot draw where participants can buy tickets. The draw has already seen some successful players bag prizes, as shown in the Lucky Block Twitter page that has over 46,000 followers.
One of the plans within the Lucky Block project is the creation of an Ethereum bridge that will make it easier for users to transfer LBLOCK V1 and LBLOCK V2 tokens. The LBLOCK V2 token is currently listed on top centralized exchanges such as LBank, MEXC Global, and Gate.io.
The Lucky Block bridge will be launched in early October and is expected to trigger notable gains for LBLOCK. CertiK is currently auditing the bridge to ensure there are no vulnerabilities that could be exploited. Lucky Block has also announced a 1% token burn from September 29 to boost LBLOCK’s price.
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