Introduction:
Citizen Finance is a decentralized gaming platform, and connects the DeFi gaming industry to the ownership of in-game resources. #ownership The platform also acts as a connection between traditional gaming and the blockchain industry. On the platform, their users can wholly own their games assets, and do whatever they wish to do with it. The right to property will be evident in this platform, which gives individuals the right to any property they purchased with their money, and game assets seems to be part of the list. Properties can both be physical and virtual, as long as it belongs to someone.
The centralized gaming industry faces some problems, and one of them is not giving the due recognition of in-game assets to the players that own them. The players do not truly own the in-game assets which they have used their fiat currency to obtain through fiat currency. The only use of the in-game assets which these centralized gaming platforms have made available to players is the use of their game's utilities, which should not be so. Players really don't enjoy their ownership of the in-game assets as no income can be obtained from it, and it cannot also be disposed.
The presence of blockchain industry in the present gaming industry has brought about the true ownership of in-game assets, although they have not worked on its utilities as it is still little. It has not been recognized in the decentralized world I'm general, because of its small use cases. Citizen Finance will introduce new use cases and utilities of in-game assets, and it will greatly benefit the players. #citizenfinance Other platforms will be able to learn from them, and male more impact on the DeFi world. #defi
NFT
The platform supports Non-fungible tokens @Citizen Finance. Non-fungible tokens are tokenized types of non-fungible assets such as artworks, collectibles such as in-game assets. Non-fungible assets have qualities of both individual and properties, and this makes them special. NFT can be used to create original digital ownership. #nft4fps #nft4XR
NFTs are not a new thing, and was known since 2012 when a Bitcoin 2.x was created. It was an NFT-like token, and also called colored coins. The original introduction of NFTs started when Cryptokitties, a decentralized platform run by blockchain, allowed individuals to breed digital cats. This brought the attention of individuals to this aspect of the crypto world. Subsequently, in 2017, Cryptopunk was launched, which made use of artworks as their non-fungible tokens.
Features of NFTs
NFTs focuses on three concepts, which are its uniqueness, indivisibility, and rarity.
Uniqueness: One of the features of NFT is its uniqueness. Non-fungible tokens has its own special property(metadata) relating to only one token. It is not possible for two different NFTs in the same platform to have the same property.
Indivisibility: NFTs cannot be divided into smaller bits. Fungible assets such as Ethereum and Bitcoin can be divided into smaller units to be bought, but non-fungible tokens can only be wholly bought, sold and owned.
Rarity: NFTs are rare assets that have a limited supply. Its rarity is one of the features that makes the owning of an NFT special.
Conclusion: Citizen Finance will open up a special aspect of the DeFi world by providing new concepts for in-game assets, owing to the fact that gaming is a common act. Traditional gaming platforms do not know how to conveniently reward their players, but the decentralized gaming platforms will treat players better by making sure they can earn through their in-game assets. There are also many applications made available on the Citizen Finance platform which does not only include the gaming aspect of the platform. #cifipower #metacity
#citizenfinance, #nft4fps #nft4XR #cifipowa #metacity #gamefi #citizens #cifi #defi #ciphi #bsc #blockchain #ownership
USEFUL LINKS :
Website : https://citizenfinance.io/
Discord : https://discord.com/invite/xqNxf63sHx
Twitter : https://twitter.com/citizen_finance
Medium : https://medium.com/@citizen_finance
Author's Information :
Bitcointalk Username: Bestmanbuka
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2125805
BEP-20 Wallet Address: 0x373eF2FB5b3df50541384aBdBa29b5E92aa2786D