NFTs were barely noticeable about a year ago, but are now growing into $ 41 billion market opportunities. In addition to art, games are one of the main use cases for non-fungible tokens. Also, reluctant among some, the gaming industry is already helping to shape the next chapter in digital collections.
The NFT gaming platform Balthazar surveyed more than 1,100 members of the Discord community in the Philippines. The project found that 32% of participants were thinking of quitting or doing so if they could play NFT games as a full-time gig. Not all of these users have played NFT games before. Nevertheless, they have standards. Before quitting work, Filipino gamers have the following request:
- 65% Must Earn At least $ 42 Per Day
- 55% should earn between $ 1 and $ 20 per day
- Survey participants currently earn an average monthly salary of $ 316.
As blockchain matures, the next logical step in these digital sensibilities is smart NFTs.
NFT debate
One of the most widespread criticisms of NFTs is that they are just glorious jpegs and there are no particularly clear use cases. But where else can you get proof of ownership of a unique digital asset on the blockchain?
So far, art has been at the forefront of NFTs, and digital artist Beeple has already rocked things with his hybrid physical and digital sculpture called Human One. The piece sells for nearly $ 29 million at the Christie’s auction and will be updated as the current event unfolds.
Smart NFT
Beeple aside, some argue that NFTs have created a one-dimensional creative tendency that provides little usefulness to owners. Other than acting as a trendy digital avatar on social media, many NFTs offer little value, and when they lose their brilliance, the trend can become worthless.
Fantazuma’s blockchain project is at the forefront of smart NFTs, proving that digital avatars are not the only application for these assets. Fantazuma is behind the smart NFT technology described as a new standard for adding functionality to these tokens. Like first-generation NFTs, smart NFTs are on the blockchain and provide proof of ownership, but that’s the end of the similarities.
The features of the smart NFT consist of two sides, the ROM layer and the RAM layer, without digging deep into the holes in the digital rabbit. The ROM layer is immutable and does not change, but the RAM layer can be changed, creating a variety of possibilities. They say, “The RAM layer enables the evolution of NFTs.”
Fantazuma shows an example of winning a new hammer at the RPG Ghost Festival. Hammer takes the form of a unique smart NFT, giving players ownership of the assets of their digital wallet. Gamers can sell hammers for profit on the NFT Marketplace or hold them for future gameplay.
Given that it is a smart NFT, players can inject new features into it to give it more power, which will be incorporated into the smart NFT. The hammer should order higher value thanks to the injection of force when selling it. That’s not the only feature of smart NFTs.
In another theoretical scenario, imagine the game influencer Ninja behind a promotion that offers a customized smart NFT that was used to play the Ghost Festival. Blockchain technology essentially makes smart NFTs verifiable, so recipients can rest assured that they have received the highly digital hammer used by Ninja. This is a precursor to the value of an asset.
Fantazuma’s Smart NFT can also be programmed to last for a given period of time before “smoke rises in Mission Impossible style when the timer expires”. NFTs are becoming more and more mainstream. Mark Zuckerberg has revealed plans to integrate them into the Instagram platform, with few details.
Meanwhile, as NFTs achieve larger adoptions, NFTs can continue to disrupt the game space.
