Steemit Crypto Academy Season 4 Week 1 Assignment Post for Professor @imagen| NFT Games

in SteemitCryptoAcademy3 years ago

Hello Steemians, it is my pleasure to welcome you all again to my blog. I will be attending to a homework task by Prof @imagen which is about NFT Games.

Describe in your own words the main Advantages and Disadvantages (Pros and Cons) of NFT Games about other types of games.

Non-Fungible Token (NFT)

Non Fungible Tokens (NFT) are unique assets that are tokenized from a representation of those physical assets within our domain with distinguishing characteristics that cannot be found in another tokenized asset. Every asset that is tokenized to the NFT belongs to an entity or owner at a time. No two owners are meant to have an NFT and this can be verified in the public domain for certainty sake.

NFT products are boundless as they are accessible from any location and one good thing about the NFT is that it can also be facilitated when collateral is needed for decentralized loans. Another is that given to the protocol of having only one registered owner of an NFT, it does not limit transactions for reselling activities. When there is a resell, the owner is entitled to claim royalty rewards from this sold product.

For Compatibility, most Ethereum enabled smart contracts can access all NFT games since they are built on the Ethereum blockchain.

Pros and Cons of NFT
NFT Pros
  • They are veritable sources of revenue for an artist who upon this time has been low in their career path. Their symbol of artworks that are well valued over time in the NFT marketplace means more rewards for them.
  • The NFT runs on the Ethereum blockchain, hence this extracts one of the benefits of Immutability which makes it very impossible for assets to be modified or changed.
  • Once an asset is tokenized to the NFT, lifetime ownership of the said asset is assigned to the originator which can as well be verified if need be. Issues of dispute and uncertainty are removed.
  • An NFT can resell its products and continue to earn royalty rewards from them. This serves as additional rewards for owners.
NFT Cons
  • High uncertainties in the market value of NFTs as they operate in the speculative market.
  • Cases of wrong addresses can cause permanent loss of tokens as well as other malware attacks or exposure of keys to phishing links.
  • There is no control over who makes prints or duplication of one NFT product. This remains a problem as owners of NFT products should only be the authorized persons to duplicate their products for mass usage.

Name five (5) recognized characters: writers, artists, athletes, or others, who have digitized their works (writings, publications, paintings, drawings, illustrations, etc.) to produce NFT. Please indicate the value of the NFT or the collection, show photos or images, and cite sources.

SLIMESUNDAY

Slimesunday as of today has 774 items, 121 owners of artworks, 2.33-floor price and has a trading volume of 162. Slimesunday who resides in Salem MA is a digital collage artist and a prolific mainstream media artwork exhibitor by exploring bizarre and erotic arts. With his popular followers of about 520k, his artworks have continued to gain value given to collaborations and projects with another top artists in the marketplace. Currently, Slimesunday is the director for 3LAU and the audiovisual project SSX3LAU.

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BOSSLOGIC

BOSSLOGIC is an art media and comic artist whose piece of artwork goes for at least $35,000 but with his collaborations with other art projects, it is estimated to go up. He has seen some signings from Marvel and DC comics which is an advantage in his artwork piece.

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PAK

This is another great artist nicknamed the Satoshi of crypto Arts in the NFT space due to the absence of his/her identity since its NFT reign. Pak is a popular figure due to its exclusive artworks on social media especially on Twitter and Instagram with millions of followers. Also in his partnership are some high profile names like Elon Musk. In his list of collected, there were 967 items with 59 items already created.

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JOHN ORIAN YOUNG (JOY)

This is a 3D artist with proficiency in selling animated artworks in the NFT marketplace. John Orian Young's pieces are seen to always double in value even after been sold and re-listed in the NFT marketplace. He has already collected 53 items with a large number of creations of about 1.3k in volume as well as 38 favourite items.

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Jack Dorsey's First Tweet

This was the idea that was done for the charity. The CEO of Twitter Jack Dorsey decided to put up his first tweet on the platform and it was auctioned and bought by a Malaysian man in a value range worth $2.9million. This was consummated in March 2006.
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Describe in-depth the selected game: founders or developers, launch date, the objective of the game, operation, native token (price, market capitalization, position), availability in the various operating systems and any other relevant information.

The CryptoZoon

All NFT games have one primary purpose and intention which is to avail the opportunity for its prospective gamers or users to play and EARN rewards. The CryptoZoon is not an exception for this same purpose as gamers now have the opportunity to collect and battle cutesy critters (also know as Zoans) and earn rewards commensurate to their winnings. It is a platform that hosts millions of participants in the NFT space as well as in the blockchain gaming world.

ZOON is the native token for the CryptoZoon NFT game which has a dual-use in its emergence. ZOON is used as a reward token in the battle concept as well as serve as purchasing hatching of eggs in the ecosystem. From its web page, the number of ZOON token supply allotted to the gaming ecosystem is 43%, hence these are the distributions made from the percentage allocations;

Items% distribution
Minster Battle Winners14%
Farm Participants15%
Training of ZOANs14%
Total43%

CryptoZoon runs on the Binance Smart Chain (BSC) which makes it more accessible to Ethereum Base gamers whose DApps are also compatible to access this NFT game. Gamers can access the CryptoZoon DApp through either the MetaMask Wallet or WalletConnect. In launching the game properly, players are expected to have one or more ZOANs which can either be hatch from eggs directly from the CryptoZoon or purchased from the P2P marketplace.

CryptoZoon Uniqueness

CryptoZoon is built on the BSC protocol which makes it more accessible as possible. This does not only grants wide access to all but also proffers lower transaction fees and higher scalability vis-a-vis what is obtainable in the Ethereum Blockchain. Remember this still maintains all the required additional layers of security seen in blockchain technology.

The Zoan and Egg in the CryptoZoon are the Non-fungible Tokens (NFT) which makes it a unique token with distinguished properties. One good thing about the uniqueness of NFT is that it can be verified over the blockchain for clarity purposes.

The Concept CryptoZoon

This game was launched into space where the Zoans peaceful existence was threatened by some resource-harvesting foes known as Yaki. How does the player now come in; gamers are expected to go into battle with this peace breaker known as the Yaki by acquiring more of the Zoans to restore peace in CryptoZoon. Therefore, gamers are expected to earn rewards as well the experience points each time they battle a range of foes with winning to their sides.

In later times, there would be a training battle fest amongst the Zoans which would help to reproduce powerful offspring that can be acquired against external battles with the Yaki.

Simple Steps on How to Play
  • Owned - User must own one or more Zoan tokens before participation can be affected.
  • Play to Earn - Players are expected to perform daily quests to acquire additional tokens as Yaki are defeated
  • Repeat - The act of using tokens to acquire more ZOANs

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Market Rank: #754
CryptoZoon Price: $0.02405
Market Cap: $20,431,940

Show the complete process to acquire the tokens (it does not necessarily have to be the game selected in the previous question, as long as it is within the supplied list). Indicate the platforms (wallets or exchanges) where it is available; the process for downloading, installing and configuring wallets or networks. Show Screenshots

Step by Step Process to Acquire ZOON Token

One good thing about all Binance Smart Chain, so far you have either the Metamask or Trust wallets or the likes, it makes it easier to connect to any BSC protocol. So for this task, I will be connecting using the Metamask wallet.

  • Launch your Metamask Wallet App and Click on the three parallel line
  • From the landing interface, click on the menu button with the three lines
  • Then click on the Browse option and type in CryptoZoon.io

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  • Click on the ENTER App button
  • Then click on the Connect button
  • From the pop-up, select a wallet-connect option and then click on the Connect button
  • You can click on the connect button to link your Metamask wallet/ Wallet-connect with the CryptoZoon
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  • Click on the Enter app again to access the different packages. I will be selecting "Proteus Stone". Connect with this option to share your wallet details for liquidity or swap. Screenshot Before and After is shown to show its connected
  • Then click on BUY ZOON
  • From the interface, indicate the coin you would want to swap from to get your ZOON token.
  • This will require funding the wallet,... But I'm told INSUFFICIENT Balance.

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Where can I find ZOON token

CryptoZoon has some key partnerships with some of the top leading exchanges and cryptocurrency sites which makes it easy to access as well as make technical analysis. These are her partners;

  • Binance Smart Chain
  • gate.io
  • Bitpie
  • MEXC
  • CoinMarketCap
  • PancakeSwap
  • BabySwap
  • CERTIK
  • PeckShield
  • HoneyMoon

Thank you Everyone for finding time to go through my homework task.

Cc: Prof @imagen
Written by @chilaw

Sort:  
 3 years ago (edited)

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

Escala de ValoraciónNotaObservaciones
Pregunta 10.6/1.5La pregunta se refiere a las Ventajas/Desventajas Juegos NFT, no a los tokens
Pregunta 21.5/1.5
Pregunta 32.2/3.0
Pregunta 42.6/3.0
Pregunta 50/1.0Sin respuesta
Total6.9/10

Realizastes un buen esfuerzo, demuestras comprension del tema, sin embargo, debes leer cuidadosamente la asignacion, ademas, te sugiero que te extiendas un poco mas en respuestas al agregar mayor informacion.

Espero seguir corrigiendo tus asignaciones.

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