Cryptopia

<h2 id="header-0">How NFT Gaming Should Drive Innovation</h2>Non-fungible tokens (NFTs) are unique digital assets stored on a blockchain. They use a decentralized ledger to verify ownership of content such as digital artwork, music, videos, and other media like ebooks. NFTs allow new ways for creators to monetize their work, while also allowing collectors to prove ownership of a specific, one-of-a-kind digital item. NFTs have gained popularity in recent years, with some selling for millions.Commonplace items such as collectible clothing, cards, coins, and other physical items can also be digitized into physical-digital (phygital) NFTs. This allows collectors to authenticate the rarity and origin of the item, and also facilitates trading of collectibles.NFT utility appears to be driven by fads and popular media, although most are still in early development, developers are exploring a variety of other uses.<h3 id="strong-smart-nfts-strong">Smart NFTs</h3>There are quite a few examples of how NFTs might be deployed in future business and everyday life. Some of these, if not most, may fail—but as the technology matures we can expect new and innovative use cases to emerge. Currently, notable uses revolve around ownership of real and intellectual property, identity verification, and recreational uses like gaming.<h3 id="strong-nfts-in-real-estate-strong">NFTs in Real Estate</h3>In theory, real estate is one industry that can benefit from NFTs greatly. It is possible to automate the entire process of buying, selling, and leasing houses—even allowing fractional ownership of property. This means that transactions relating to property can be faster, cheaper, and more secure. However, it would be problematic to convert title systems to a completely decentralized digital ledger due to the bureaucratic restrictions. It would also take a very long time if it were possible at all. Nonetheless, the promise of a streamlined real estate industry can have great social and economic benefits.<h3 id="strong-nfts-and-zero-knowledge-proof-zkp-in-identification-strong">NFTs and Zero-knowledge Proof (ZKP) in Identification</h3>Blockchain tech can also change the way we use identification. NFTs can be integrated with a person&#39;s identity, including any personal details, credentials, and other information. This could enable more secure and decentralized identity verification, as well as the ability to own and control one&#39;s personal data. Coupled with <a href="https://coinmarketcap.com/community/articles/63e468dbb762b90418368dde/" rel="noopener noreferrer nofollow">ZKP (for more info, see previous article)</a>, NFT identity can also restrict Big Data’s monopoly on monetizing our personal data.<h3 id="strong-how-players-benefit-from-nfts-strong">How Players Benefit from NFTs</h3>One rapidly developing use for NFTs is in gaming, where players already enjoy its many benefits and improving gamer experience. In-game assets such as NFT weapons, tools, creatures and characters are truly owned by the players. Which means they may be sold on their own terms, for real-world value. In most cases though, creators are still in full control. Read more about <a href="https://coinmarketcap.com/community/articles/640ab8fb6df569597cd759e1/" rel="noopener noreferrer nofollow">NFT Intellectual Property Rights</a>, and watch the video from <a href="https://twitter.com/chieftopia" rel="noopener noreferrer nofollow">Sangho Grolleman</a>, Cryptopia’s CEO, on <a href="https://www.youtube.com/watch?v&#61;kuepnd53ygI&amp;t&#61;5s" rel="noopener noreferrer nofollow">why decentralized games are so important</a>!Some games are designed to allow NFT item crafting or avatar customization. Crafted NFTs can enhance the player&#39;s experience, as well as create rare and potentially valuable in-game items. Game developers use these to add an element of individual expression within an online gaming community. This coupled with the opportunity for acquiring rare NFTs make blockchain games attractive for more players to join. It can also give a sense of personal investment that leads to increased player retention and a more active player community, which can help the game thrive in the long term.<h3 id="strong-how-developers-benefit-from-nfts-strong">How Developers Benefit from NFTs</h3>Developers themselves are also reaping benefits from NFTs by garnering more attention to the space, as well as having additional income streams in their business model. The more players they attract, the more royalties they earn on marketplace sales. This in turn causes investors to grant more funds for game development, used to further drive innovation and gain even more players.<h3 id="strong-how-communities-benefit-from-nfts-strong">How Communities Benefit from NFTs</h3>Custom-made NFTs also help the gaming community play a bigger role in deciding what they want the developers to work on next. As they engage with communities they learn what content they want in the game, including quest rewards and cross-promotion. NFT rewards can be powerful in reminding players that the devs are listening.In line with player benefits, NFTs and blockchain tech creates a new mechanism for trade between players. This is great for community building in a metaverse, as players become more engaged in each other. This makes the game more lucrative and attractive to new players. Additionally, NFTs that are highly sought after by players, can drive both cooperation and competition, to gain their most desired pieces.Apart from fostering a fun and supportive online community, games are a strategic opportunity to unlock the value of this groundbreaking technology. NFTs in gaming also function as testing grounds for real-world NFT utility. The ownership and transfer of what seems like trivial gamified assets now, essentially serves as a gatekeeper to deploy smart NFTs in daily life.—————————————————————————————————————What is Cryptopia? Cryptopia is an upcoming blockchain game that stands out by design: • Free to earn: everyone can play and earn. No need to buy an NFT first • 100% decentralized: the game runs on the blockchain in combination with a node network • Fun to play: play the way you want!Official Links [Website] <a href="https://cryptopia.com/?ref&#61;CMC" rel="noopener noreferrer nofollow">https://cryptopia.com</a> [Wiki] <a href="https://wiki.cryptopia.com/" rel="noopener noreferrer nofollow">https://wiki.cryptopia.com</a> [Discord] <a href="https://discord.com/invite/cryptopia" rel="noopener noreferrer nofollow">https://discord.com/invite/cryptopia</a> [Facebook] <a href="https://www.facebook.com/CryptopiaOFCL" rel="noopener noreferrer nofollow">https://www.facebook.com/CryptopiaOFCL</a> [Twitter] <a href="https://twitter.com/CryptopiaOFCL" rel="noopener noreferrer nofollow">https://twitter.com/CryptopiaOFCL</a> [YouTube] <a href="https://www.youtube.com/&#64;CryptopiaOFCL" rel="noopener noreferrer nofollow">https://www.youtube.com/&#64;CryptopiaOFCL</a> [Instagram] <a href="https://www.instagram.com/cryptopiaofcl" rel="noopener noreferrer nofollow">https://www.instagram.com/cryptopiaofcl</a> [CoinMarketCap] <a href="https://coinmarketcap.com/community/profile/Cryptopia" rel="noopener noreferrer nofollow">https://coinmarketcap.com/community/profile/Cryptopia</a> [Twitch] <a href="https://www.twitch.tv/cryptopiaofcl" rel="noopener noreferrer nofollow">https://www.twitch.tv/cryptopiaofcl</a> [Spotify] <a href="https://open.spotify.com/show/4jkkGIZyiSkQvYLWqGLWVE" rel="noopener noreferrer nofollow">https://open.spotify.com/show/4jkkGIZyiSkQvYLWqGLWVE</a> [Telegram] <a href="https://t.me/cryptopia_ofcl2022" rel="noopener noreferrer nofollow">https://t.me/cryptopia_ofcl2022</a>For Investors [Private sale] <a href="https://app.cryptopia.com/privatesale-entry?ref&#61;CMC" rel="noopener noreferrer nofollow">https://cryptopia.com/privatesale</a> [Early-access NFTs] <a href="https://app.cryptopia.com/early-access?ref&#61;CMC" rel="noopener noreferrer nofollow">https://app.cryptopia.com/early-access</a> [Cryptopia Roadmap] <a href="https://sharing.clickup.com/24415847/b/q93k7-827/board" rel="noopener noreferrer nofollow">https://sharing.clickup.com/24415847/b/q93k7-827/board</a>

How NFT Gaming Should Drive Innovation

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Cryptopia

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