NFT spaces are evolving rapidly, and one of the latest concepts is the concept of “variable” tokens that can be updated over time with different attributes and features.
The vast majority of people working in NFT spaces will have come across static, immutable NFTs. After all, it makes sense because most of the early NFTs were tokens that recognized ownership of some kind of digital artwork. NFT such as Boring Ape Yacht Club It has few features and does not need to be changed. Therefore, an immutable design is best.
When we say immutable, we are not talking about the image that NFTs represent. In fact, thousands of invariant NFTs have been created to represent animated images such as videos and GIFs, and other NFTs have unlockable elements and other complexity.
What cannot be changed about an immutable NFT is the underlying data. This is because it has a permanently immutable property that is recorded on the blockchain and cannot be modified.
New types of variable NFTs, on the other hand, come with data and characteristics that can change over time due to external interference. Such NFTs have a lot of potential in the real estate, gaming and other industries.
Imagine an old-fashioned baseball trading card to show an example of a variable NFT. The details of that card are completely static and represent the stats of the players for a particular season issued. In other words, the baseball trading card is immutable. Fictitious variable trading cards, on the other hand, allow you to update statistics on the fly from one game to the next and track your entire career.
This opens up a world of possibilities and explains why variable NFTs are likely to be the next step in the evolution of the universe. With variable NFTs, unique items can evolve and even decline over time. This is a more realistic representation of the temporary nature of the real world in which we live, and may add extraordinary value to a particular token based on its current state.
Variable NFT and P2E games
Perhaps the most exciting potential use case for variable NFTs is Play-to, a video game built on a blockchain that allows players to compete and win real-world prizes in the form of NFTs and cryptocurrencies. -Earn is in the emerging world of games.
Most P2E games require players to purchase an NFT that represents the game character before they can start playing the game. In some games, NFTs are used to represent items such as weapons and vehicles that players can use during the game.
Most NFTs in P2E games are, in fact, tokens that are already modifiable. but, MixMob Claims to be one of the first P2E games to incorporate the benefits of variable NFTs into the core game loop.
MixMob is a P2E game played in a colorful, fantasy-style Metaverse, home to a future world where mysterious artificial intelligence has dominated humanity and has eliminated world culture. Humans have been enslaved by bot troops, and AI has used strange energy fields to wipe out most people’s memories. However, some people fled to subdomains to hide from AI, where they began to reorganize and fight back to rechain human culture.
To play MixMob, the player must first get a “mask”. This is a variable NFT that can evolve as the player progresses through the game. Each mask is anonymous yet accountable and consists of over 200 unique components such as sketches, stickers, candies, pop culture, music, science and art.
MixMob masks are mutable, allowing players to win races, battles and earn rewards as they progress through the game. Through these rewards, players can get new attributes of the mask that make the character stronger and more unique. Other features include the ability to customize and create your own NFT-based props and MixBots that are similar to pets and essential to playing the game. All MixMob NFTs can be sold through the game’s built-in marketplace or third-party marketplaces.
The point here is that variable NFTs allow players to evolve and grow their characters over time, making them stronger and more valuable as the game progresses. This is not possible with standard immutable NFTs.
This concept applies to almost any P2E game where players can upgrade their characters and in-game items, and can also evolve to reduce NFTs over time, for example if the player stops playing the game. I can do it. Doing this will keep players interested in the game and motivate them to sell NFTs faster if they don’t want to play.
Variable P2ENFTs can be modified based on what happens as a result of gameplay, while other types of variable NFTs can be modified as follows: “Oracle”, Or a third-party data feed. This connects the blockchain to what is happening in the real world.
This opens up even more possibilities, such as P2E soccer games where the weather conditions on the pitch reflect real-world weather conditions. Therefore, if it is raining in London, for example, a match at Wembley Stadium will also be raining. The use of Oracle is important to allow variable NFTs to be updated in a decentralized way without human input.
Unlimited possibilities for variable NFTs
In addition to P2E games, variable NFTs can affect almost any space where NFTs are already in use. One idea could be a kind of NFT guestbook where only the NFT owner can write a message inside. When an NFT is sold, access control is granted to the buyer and only the current owner can compose messages internally.
Another possibility may be in real estate. Variable NFTs can be used to convey timeshare rights to specific people at specific times, for example from July 20th to August 20th. From that date onwards, the right to timeshare will be transferred to another individual.
In the first place, the main attraction of NFTs was the persistence of storing data on an immutable blockchain, but it is no longer the case. As NFTs evolve into industries where interactivity is an essential element, such as games, tokens that can be adapted over time open up endless new possibilities.
Inven Global does not endorse or support the NFTs described in this article.