Revolution of the gaming industry with Citizen Finance

Digital game items would be represented on a blockchain as non-fungible tokens (NFTs) to imbue the quality of scarcity and enable true ownership of digital assets. Citizen Finance as a GameFi protocol offers players the option to withdraw unused in-game assets (non-exchangeable tokens) and bet on a decentralized pool where they can earn Ciphi tokens (CIFI). this mechanism will result in frequent withdrawals and deposits in and out of an ecosystem where users will spend a lot of gas costs. .adopting blockchain with fewer gas costs and fast transactions is our primary need when choosing a blockchain. With crypto wallets, ownership of items is associated with a user’s wallet address on a decentralized ledger which will presumably be supported by at least thousands of nodes.

What Citizen Finance can do for Games and Virtual Economies?

To truly inhabit the virtual world, users must be able to monetize their efforts and make a living through the virtual world. This means that they must be able to easily convert their virtual possessions and services offered to fiat. Blockchain-based games will enable the rise of player-generated content and game-related services. Citizen Finance is introducing something new into the utilities of in-game assets. It decided to adopt the Binance smart chain network because it is easy to understand, low-cost gas fee, fast transaction, and also similar to the Ethereum blockchain. For example, players might design their own skins and items to sell or use for themselves, or they might undertake a quest for another player in exchange for items and currency.

Creating a large-scale multiverse economy

They might even make a living out of it, allowing them to truly survive off of the virtual world. We have already seen this in the Steam community market with user-generated content, where the average designer earned $38,000 over the year. The difference, in this case, is that blockchain will enable a multiverse of different game universes, allowing different game currencies, and therefore different game items, to be traded between each other. This will pool liquidity across all blockchain games, creating a large-scale multiverse economy that mirrors the global economy we have in reality. Playing games, or completing activities in video games, will become a viable form of work.

Advancements in Citizen Finance

Citizen Finance is trying to make advancements In the gaming industry where the decentralized, steady, and secure properties of blockchain can make it a popular tool as games and their growing assets become more complex. As developers build new games or in-game advancements, blockchain is set to improve the user experience through ownership, globalization, and more.
Citizen Finance has established that it needs true ownership of our virtual possessions and greater economic integration with the virtual world to advance the adoption of virtual reality. We’ve also established that players lack the power to push game developers to implement an integrated game economy with true ownership of items using blockchain.

Website:https://citizenfinance.io/
Discord :https://discord.com/invite/xqNxf63sHx
Twitter:https://twitter.com/citizen_finance
Whitepaper:https://docs.citizenfinance.io/
Telegram group:https://t.me/ccbountyportals
Medium:https://medium.com/@citizen_finance
Reddit:https://www.reddit.com/u/citizenfinance
Linkedin:https://linkedin.com/company/arvrseco

Bitcointalk User: Crypto rev Thing
Profile: https://bitcointalk.org/index.php?action=profile;u=2371318
Telegram: @lolasommerfeldt
BSC Walltet: 0x5638F1491a30433E2FA1513011E8903A4495b0d4

#citizenfinance #nft4fps #nft4XR #cifipowa #metacity #gamefi #citizens #cifi #defi #ciphi #bsc #blockchain #ownership