Steemit Crypto Academy | Season 4 - Week 1 Homework on NFT Games

in hive-108451 •  3 years ago  (edited)

NFT Games are Play to earn games built on the blockchain platform. NFTs in gaming is basically about giving gamers true ownership rights over their in-game assets by turning them into valuable digital assets that can be traded on cryptocurrency exchanges and NFT markets, as well as giving the game itself a true sense and worth. Players more control over in-game assets such as stage ,character, weapons,etc. This is made possible by deploying games on blockchains platforms.

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It is almost similar to traditional gaming concept where you are given a task or mission and lose points or reward if your lose, the difference is that you put real money inform of cryptocurrency or a token to play and you also earn the token back if you complete the task or mission. Players can build new elements om the game for resale and they can buy digital items from the game or third-party. Examples of NFT games are : CryptoBlades, Axie infinity, Block monsters, etc.

Advantages of Non fungible token games

  1. Gamers can make money from non-fungible token games. Most nft games are play to earn so you can gain two things from it ; money and entertainment. When you play you get entertained and you're are rewarded with the token of the network for being victorious in missions or task. You can easily transfer your earnings from the game to your connected wallet and exchange it for money on exchange platforms.
  2. Non fungible tokens games can't be accurately altered or copied. Each product has it own value and the holder as proof of ownership and authenticity, so only him or her can sell or distribute and use the NFT. The tokenization makes it hard to replicate another one.
  3. Non fungible tokens game holder has exclusive ownership of the products, he can determine whether he wants to sell or keep it and moreover, NFT collectibles are always in limited editions so there is scarcity therefore leading to rise in prices.You can purchase NFTs as part your game asset collection and trade them in the future when it is expensive.

Disadvantages of Non fungible token games

  1. Non fungible tokens uses Blockchain technology similar to the one used for crytocurrency which affects the ecosystem. The electricity consumed by the supercomputers,cooling systems and servers in operating Blockchain is extra ordinary high and this makes it neccessary to use fossils fuels product like diesel or petrol to provide the electricity. The gases released by the powerplants have direct impact on environment.
  2. Although NFT game is a good investment, it is quite risky to invest in it because when you buy an NFT game, weapon, character,etc. people can still have copies of the product you own and they can share it with others which may make the NFT value drop. You are just in possession of the real edition not the copyright.

Five Popular People who Digitized their Content

(1). Rob Gronkowski : Rob Gronkowski, a prominent NFL star, debuted his NFT collection on Opeansea, a popular digital marketplace. The collection includes five unique cards, four of which feature art from one of Gronkowski's four Super Bowl appearances, including his most recent appearance with the Tampa Bay Buccaneers, and were produced in 348 editions for a total of $1.2 million, while the fifth card features art from all four of Gronkowski's Super Bowl appearances and is only available in a single edition.The fifth card is valued at $86,000 and is still up for auction, so the price will almost certainly rise. Any one who purchase the fifth card will have l have the opportunity to meet Gronkowski one on one and attend one of his NFL games, as well as VIP all-access tickets to the upcoming "Gronk Beach" event.

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(2). Shawn Mendes : Shawn Mendes, a well-known musician, has partnered with Genies, a firm that makes 2D cartoon avatars, for a series of NFTs artwork on OpenSea, the world's largest digital marketplace for NFTs. Mendes' most iconic items, such as his fender signature guitar, gold ring, and ornamented waistcoat, were turned into limited edition NFT artworks by Genies. Shawn Mendes has stated that all revenues will go to his foundation. The artwork is currently valued at 100 ether ($352000).

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(3). King of Leon : popular rock band, Kings of Leon, released their recent album "when you see yourself" in two formats: NFT and traditional. Only six editions of the NFT were made, and buyers were given concert tickets with front-row seats at every Kings of Leon tour. The selling of this NFT brought around $2 million.

(4). Azealia Banks : while most musician sell their songs or albums as NFT, popular rapper, Azealia Banks sold her audio sex tape with former boyfriend Ryder Ripps as NFT. On March 6, 2021, the NFT "I Fucked Ryder ripps" was offered on a digital marketplace named "foundation." The 24-minute sex audiotape was sold for $17000 within 12 hours of being posted online.

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(5). National basketball association : NBA has unveiled its Top Shot marketplace, which allows fans to collect and trade highlight reels using blockchain technology. NBA Top Shot was created by Dapper Labs, a Blockchain service provider, that digitizes game video and produces limited editions to maintain scarcity. Highlights from various angles and digital artwork of players and their skills, such as LeBron James' dunk, Stephen Curry's, and Kobe Bryant's, are included. Since its inception in 2019, it has made over $230 million in sales.

Cryptoblade non fungible token game

CryptoBlades is an online browser game that aims to allow players to make money from gaming and encourage the use of Blockchain in entertainment and gaming industry.

Cryptoblade is created by riveted games a Scottish company that specialize in developing role playing games like lightspeed frontier, spoxel,etc. The game works on binance smart chain so you definitely need bnb to play the game
Gamers need to go the platform official site ; https://app.cryptoblades.io/ so as to play the game.

Gamers use their characters and weapons to engage enemies in combat and also to perform raid in the games. The major reason why players play this game is to fight and win battles so as to earn the native currency of the game which is known as SKILL tokens. SKILL tokens are used to buy new characters, stamina which is like life, buy new or upgrade weapons. Each character costs 1.2252 SKILL token and with 200 stamina for five battles. Gamers also use this token to bet with each other in battles or as a medium of payment for sales and purchase of characters or weapons.

Characters and weapons in cryptoblade are based on the the element assigned to them, there are four element in the game which are ; Lightning, water, fire, and earth. Each element has an advantage and disadvantages for example; Lightning is strong against Water but weak against Earth, Water is strong against Fire but weak against Lightning, Fire is strong against earth but weak against water, and Earth is strong against Lightning but weak against Fire. So a gamers need to choose the right character and weapon so as to win the battle. When a gamer wins, the result is sent to the Blockchain and the gamer is rewarded with SKILL token base on the difficulty of the mission and also the character gains more combat experience. Gamers can keep the SKILLS tokens earned in the game for further mission or send it to their wallet.
Cryptoblade cryptocurrency market capitalization is $11,658,607 at number #1014 and a single unit of a skill token is $18.53
Cryptoblade can be access on any internet browser like safari, chrome, Phoenix browser, etc and it is compatible with IOS phone, Windows phone snd android phones.

How to get SKILL Token so you can enjoy cryptoblade

(1). The first step is to have MetaMask on your phone or device, it will link your bsc network with the game and also serve as your wallet where you will keep all your earned SKILL tokens.

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(2). The second step is to create a bnb wallet so you can pay to access binance smart chain.You must have a minimum of .0015 BNB and need atleast 1.2252 SKILL tokens to buy characters. You can buy your bnb from a crypto trader or crypto exchange platform.

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(3). The next step is to connect MetaMask to binance chain network so, press the menu which is at the top left corner, click settings and then click on network where you would add network. The last pictures contains details of what you will fill in each column so you can successfully completely the linking.

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(4). The last step is to click on the browser options and then enter the game site https://app.cryptoblades.com and start enjoying the game

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Conclusion

Non fungible tokens gaming is another way of making money, there are alot of play to earn games on the internet but it is neccessary to make research before investing into them.

Celebrities are also seeing the importance of Blockchain technology in the modern day world so they are investing their works into it by turning their songs, videos,albums, artworks, etc into NFT.

Cc: @image

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Gracias por participar en la Cuarta Temporada de la Steemit Crypto Academy.

Escala de ValoraciónNotaObservaciones
Pregunta 11.3/1.5
Pregunta 21.3/1.5Faltan imagenes
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Realizastes un buen esfuerzo, demuestras comprension del tema, sin embargo, te sugiero que te extiendas un poco mas en respuestas al agregar mayor informacion.

Espero seguir corrigiendo tus asignaciones.

PD: la etiqueta correcta es imagen-s4week1 en lugar de image-s4week1, por esa razon no pude corregir antes este post.