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o Now gaming companies can create more engaged, loyal players who can create, earn and share their love for the game beyond the confines of the game’s walled garden. Yat Siu, chairman of Animoca Brands, believes every game company will be forced to participate in NFTs because the attractions are so strong for players: “If you can play for something that is valuable to you, then why would you choose to play in a game where there is no value. We are not saying traditional games will go away. But we do believe in this thesis that it’s better for the player to play in an environment when you have some ownership.” • An investor paid $222K to purchase a segment of a digital Monaco racing track in the F1 Delta Time game o The NFT representing the piece of digital track allows the owner to receive 5% dividends from all races that take place on it, including entry ticket fees. o The above shows how some NFTs offer real, intrinsic value, such as recurring cash-flows. NFTs allow users to acquire rare items in games and sell those items for real money. This paradigm shift allows people to ‘play to earn’. Case Study: Axie Infinity is a Pokemon-like game where users acquire cute digital pets and battle them against each other. • The object of the game is to obtain smooth love potions (SLPs), which can be used to breed new Axies (digital pets) that can then be deployed within the game o SLPs are also cryptocurrencies that can be bought and sold on an exchange. o Top players are reportedly earning SLP1,500 (US$435) per day from their Axies • Axies can be traded in Axie Marketplace as NFTs o In late 2020, an Axie was sold for 300 ETH o Axies are very complex NFTs - they have various unique traits such as stats, classes, body types, parts and abilities. o They have different maturity levels and breed counts, the rarest ones have mystical parts. 8PDF Image | Primer on Non-fungible Tokens NFTs
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NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
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