You are Highly Welcome To My Homework Post Season 4 - Week 1

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

Before I start, describing the advantages and disadvantages of NFT Game let's take a quick look at the meaning of NFT.

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NFT is a short words given to Non-fungible Tokens. It is simply a digital asset that represents real world objects such as artwork, music,memes, game, videos pictures and also tweets. NFT can be bought and sold online, since they are on the blockchain network just as many others cryptocurrencies. At this point let's look at some of the pros and coin of NFT below.

Advantages of NFT Game

Ownership and control of Something irreplaceable:
NFT game are very unique, they can't be replaced with another. There is always a joy when a users own a digital assets be it games, videos, image, or any type of digital asset that are irreplaceable. Once a user paid for any game, the user has full control over the game that come in a very unique form.

Investment Growth:
There is always a tendency for growth when a user invested in any of the asset. For instance, one can buy a tokens for $2 today and sell it for $5 in the future. NFT Game give users the opportunity to earn more tokens.

Transfer of Ownership:
A user can sell his own collectibles game to another user who is also a player at any point in time that the user feel like and get value for selling his/her game out. With this any player that buy the game from the seller would then become the owner of the collectibles game with the help of transfer of ownership.

Unique and Security:
NFT game cannot be manipulated since they are Non-fungible and also it cannot be hacked easily, or player lost access to his/her game if the platform shutdown since they can be easily transfer out from the platform to separate wallet like Metamask or Trustwallet.

Disadvantages of NFT Game

Environmental Problem:
There is always a significant amount of energy that is required for computing in a blockchain network which NFT is not also exempted, but rather increasing the energy that use in the blockchain network. In a nutshell electricity is that is used for minting or the digital assets requires computing capabilities which and be problem to some miners.

Copyright Issue:
When a user purchase NFT game, such user is not purchasing the copyright of the game as well. With this thief can be able to find a copy of what the user has already purchased on the internet where it can easily be copy and paste. Also the purchase of NFT game only tell a user own the game from the original one, of which I see it as limiting the user from controlling his/her assets.

Market Speculation:
The market cannot be easily predicted when looking at the speculation, thereby making investors to be in worries over they investment in the market because they cannot predict the future of the market.

2.) 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

Jack Dorsey

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Twitter founder, name Jack Dorsey sold his first tweet as a Non-fungible Tokens for a very big amount of money which was at a sum of $2.9 million US Dollars to Sina Estavi who offer to be the winning bidder. Sina Estavi has held about the high bid at the very time Jack Dorsey posted his tweet on 6th March 2006 offering a sum of $2.5 million.

Steve Aoki

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Steve Aoki a well-known musicians, that sets a history at the very time he sold NFT for over $800,000 US Dollars. When Steve Aoki first broke the news of him auctioning his own art people was seriously waiting for to see how the sale would be like for a musicians. Although Aoki and Antoni Tudisco joined they idea together to announce the sale on Nifty Gateway platform was was later sold for $888,888.88 dollars.

Beeple

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Beeple who is known as a digital artist brought together all his artworks pieces in form of a JPG file and sold it for $69.3 million dollars as an auction in Christie`s.

WhlsBe

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WhlsBe is an Artist also who sold his artwork that was in form of skeleton for $1,000,000 US dollars.

Grimes

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Grimes who the world believe that she is Elon Musk girlfriend is a Canadian artist that sold a number of about 10 paintings in form of NFTs for $6,000,000 US dollars in early 2021.

• Choose one of the following games:
• MyDefiPet
• Mist
• CryptoBlades
• Dragonary
• WavesDuck

3.) Describe in depth the selected game: founders or developers, launch date, objective of the game, operation, native token (price, market capitalization, position), availability in the various operating systems and any other relevant information. Show Screenshots.

Dragonary

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Dragonary, is a game where everyone can play,the game allow players to create an army of dragons according to the way they want it to be. Player can create new eggs, increase their rarity, fuse dragons as well improve their stats. With this way the army that the player has choosen will be more stronger, in such a way that the player can easily win so many rewards. The game doesn't require one to download any software before it can be play and also the game can be play without the use of virtual wallet or the support of third party to play the game. What is need to play the Dragonary game is just to download and play.

Developer	Coinary
Publisher	Coinary LTD
Launch Date	October, 2021

Features / Objective of the game:

Rarity system: as the dragons of a player become very strong,they will increase in rarity, together with the rarity of the account of the player which increase the player rewards.

All the dragons are unique: The dragons ensure that all are unique in they own ways.

Breeding system: This feature allow player to level up his/her dragons and to create a new and stronger egg.

PVP system: this allow player to challenge other dragon for example, Tamers in a player vs. player battle to the death, with also a very speed battle system that enable player to feel relax.

Native Tokens (Price, Market Capitalization and Position)

Coinary Token (CYT) is the native tokens of Dragonary, which is used for several purposes that allows players to keep on progressing in the game, like breeding of new dragons as well upgrading the dragons rarity. Although the tokens is distributed to players, once in everyday if the player has attained certain objective when playing the game. Players that has achieved the objective will be rewarded with a fixed of the tokens that is minted everyday and share based on the number of players that have completed the task.

Price, Market Capitalization & Position of Coinary Token.

As at the time of performing this homework post, the price of Coinary Token was $0.202523 USD with a market volume of $2,735,623 USD. Based on the information gotten from Coinmarketcap Coinary Token drop down to 10.25% within the last 24 hours which is ranking #2845, with a live market capitalization that was not available at the time I was writing this report.

4.) 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 list provided). Indicate the platforms (wallets or exchanges) where it is available; the process for downloading, installing and configuring wallets or networks. Show Screenshots.

The process to acquire Coinary Tokens (CYT) in Dragonary:

Here is a complete process on how to acquire Coinary Tokens (CYT) from an exchange and how you can transfer the tokens to your Coinary account. In this process will be using Binance and Metamask wallet accounts to discuss the complete process.

Step 1: Is to Buy BNB tokens from Binance

Step 2: Transfer the BNB tokens that you have buy to Metamask wallet
Note: Your transaction must be done on Binance Smart Chain (BEP20) network.

Step 3: On Metamask wallet visit https://app.apeswap.finance/swap and click on connect to connect your wallet

Step 4: Once your Metamask wallet has being connected you will see a page that requires you to swap BNB tokens for CYT tokens. Once the swap is done the tokens will be in your Metamask wallet.
Note: The contract address is this : 0xd9025e25bb6cf39f8c926a704039d2dd51088063

Step 5: Go to https://hub.coinary.com and login to your account

Step 6: Once you have login login to your account click on Balance on the menu and copy your address.

Step 7: Once you have copy your address go back to Metamask and send CYT to your Coinary account.

The process for downloading, installing and configuring wallet.

Step 1: Go to https://hub.coinary.com and sign up for Coinary account.
Note: Your Dragonary account can be created using either your Facebook or Google account.

Step 2: Once you have you create your account go to https://dragonary.com and click on download to install Dragonary on your device.

Step 3: As soon as you have download the game, open it and choose a server (America, Asia or Europe) as shown below

Step 4: Get your Dragons assemble

Step 5: Level up an breed your dragons and start playing Dragonary to Earn CYT.

Conclusion:

Dragonary game is a game that everyone can play even someone without the knowledge of cryptocurrency can actually play Dragonary very well.It is a very exciting game. Honestly I have learned a lot of things concerning NFT games from professor @imagen which lesson has sharpen my knowledge in the area of NFT I sincerely say thank you so much Professor.

Thank you My Readers.....

Best Regards;

Cc:-
@imagen