Steemit Crypto Academy Season 2: An Introduction to Non-Fungible Tokens (NFTs), by @endersontowers

in SteemitCryptoAcademy3 years ago



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Introduction


I have attended your conference and it seemed incredible to me, I can mention that the NFT tokens are non-fungible tokens this means that they are not transferable or generated in mass production, the NFT tokens work under the Ethereum blockchain and are distributed through the market internal to the platform that makes it up, the NFT tokens were born by a project called Colored Coin, the operation of this project was simple, color a certain amount of BTC token and these acquired unique values within the platform, hence it was NFT tokens were born, that today there are a large number of applications that use this type of token, whether for online games, bookmakers, online collection houses, companies, etc. The most common thing to see today is to see the large number of video games that exist on NFT and the many new projects that are on the way applying this technology.




Project Gods Unchained


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This NFT project was launched openly in 2019, under the direction of fuel games and investors naspers and tencent, who disbursed no more and no less than 15 million dollars for the creation of this game. It is based in Sydney Australia and has the Exchange Coinbase as an investor. It is a card game with strategies based on blockchain and decentralized, which means that the players have full control of their "Cards" tokens, this project is based on smart contracts from ethereum on the ERC-721 And ERC-20 tokens. , the game is about forming a deck of cards as complete as possible both for your strategy to win tournaments or to battle against another user, their "card" tokens are non-fungible NFT, which makes them unique and rare and can cost a lot of money because There are only a small amount of them, these cards can be bought or exchanged through an internal market to trade it with other players, you can also buy packs of 4 cards with ethereum, these cards are immutable which makes them indestructible, this game is completely free and it is openly free for the public, but you can choose to compete more competitively that is why the platform offers its services for the sale of pa quetes of the cards and to trade the cards of the existing players and you can bet cards in the battles you carry out, when you buy a pack of cards you can go out with luck and touch cards that you can merge in order to acquire a rare, powerful and with a lot of value in the market, for this it is necessary that you keep the username and password of the platform in a safe place.



Advantage.

* Is a decentralized project.

* Is based on blockchain over ethereum

* It is freely open to the public.

* With a small investment you can obtain great benefits.

* Cards are immutable

* A good combination of cards will make it acquire a very high value depending on its rarity.




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This is a simulation of a game, already having the game installed through its website and a pack of free or professional cards and a defined strategy, we can attend a game and each time we win one, we acquire a benefit that allows us to increase the power of our cards and therefore their value increases in the market, which can also be done by merging cards to create a new card with great rarity.




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Here we can see that in 2019 the Hyperion letter was auctioned in the internal market of the platform by a user, and was acquired by another user for a value of 146.28 ethereum, which due to its volatility today its value is close to 300 thousand dollars, but remember that its value is defined by the players themselves and the rarity of the card, remember that this game is based on collectible cards.




Conclusión


Thanks for doing such an excellent topic, with this topic I learned a lot about NFT tokens, and their operations in the market, we realize that every day they are advancing in the implementation of new ideas in current technology, based on blockchains. and cryptocurrencies, it is super essential to know the use of this type of token to further expand our knowledge in this regard. I hope you enjoyed the content of my homework, thank you very much for reading it, until next time. Greetings!,


Thanks for reading my homework.




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Hi @endersontowers, thank for submitting your homework

Feedback

You simply mentioned the advantage, I believe every project must have advantage and disadvantage but I can't find it in your explanation.

Rating : 4
 3 years ago 

I made a personal summary of everything related to the project, the truth does not come out more information anywhere else, I characterize myself for conducting a good investigation so that it is registered in the steemit community, you can view it in my tasks. I always do my best, in the same way thank you very much.

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