Steemit Crypto Academy | Season 4 - Week 1 | Homework for Professor @imagen | NFT Games

in SteemitCryptoAcademy3 years ago

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

Advantages of NFT Games

There are several advantages of NFT games and some of those advantages includes:

  • With the great income they generate, from users playing the games, is high with its attractive nature making it a dream come true

  • Due to the decentralization of the NFT game blockchain, there is the security of the NFT that are being owned thereby preventing the creators of the games to claim ownership of the game token and also prevent hackers from being able to hack it.

  • The graphics of the NFT games are more realistic and are of high definition.

  • Users of the NFT games earn a resemble some money just for playing the games.

  • The NFT games are unique and none of the two games matches each other making sure the characters of each one of the games are different from the other.

Disadvantages of NFT Games

As there are some advantages of the NFT games, so are their disadvantages and I will be bringing some of those disadvantages to your notice which includes

  • The NFT games don't have an actual gameplay mode making it impossible for the games users to physically compete with each other with DApp making it the only gaming action.

  • It is so and very costly to be able to participate in a game on the blockchain and with a great fluctuation in its market value thereby causing a great risk in investing and also holding of an NFT game.

  • Due to a lot of scams going on now on the internet it's is easy for scammers to create links that can be used to easily hack a user's account and also a loss of the keys leads to losing of nonfungible tokens that have been acquired by the user.

  • As compared to the centralized gaming system, the NFT games have a poor graphical system making users not enjoy their gaming.

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.

One

Jorge Dot

Jorge Dot is a Spanish industrial engineer, Fashion, and poet entrepreneur who was born in 1963 married to Miriam, and a father of 4 kids. He published his poems in magazines such as “Cuadernos del Matemático” and more. At $184.7 on the Binance smart chain, he digitalizes his book of poems known as Los Trabajos de la Muerte into a nonfungible token.


screenshot by me

Two

Jay Z

Heir to the Throne (2021) was an artwork that was created by an artist who goes by the name Derrick Adams and commissioned by Jay- Z as an NFT. The Heir to the Throne had a primary caution of $1000 and the final bid ended at $139000. Heir to the Throne is the original title and for the reasonable albums, this was the first and ever nonfungible token they have ever produced.


screenshot by me

Three

Mike Winkelmann

Mike Winkelmann a digital artist also known as Beeple sold his first series of non-fungible tokens pairs at a cost price of $66666.66 each and today it's sold at $69 million at Christie's keeping him among the top three positions of the top most valuable artists.


screenshot by me

Four

Blake Kathryn

Blake Kathryn is among the popular NFT artists with uniqueness in her talents in producing a fantastic 3D she is an ambassador with great interactions with her fans with enthusiasm about equality and justice of artists who are still yet to get known.


screenshot by me

Five

Lil Pump

Lil Pump is an American hip-hop artist who has launched his NFT collection which is highlighted by the “Esskeetit Diamond VVS” non-fungible token with the unique style he has partnered with Sweet to driving into the world of NFTs. Releasing two of his NFTs to serve his fan base.


screenshot by me

3.) 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. Show Screenshots.

Sandbox


image source

Sandbox was launched in October 2019 on the Game Makers fund in Osaka. It is a unique visual 3D world gaming platform where users are being able to own, build and monetize their experience through NFTs and a monitory token known as SAND build on the Etheruem blockchain ERC-20. The Sandbox utility token is the $Sand.

With an open concept, Sandbox has the aim of giving its players the power of creativity to be able to complete the required tasks as the goals within the game for progression and also to give internet users and World gamers digital property right, play to earn and a more equitable framework for building the metaverse.

Sandbox was founded by Sébastien Borget and in 2020 he became the president of the Blockchain Game Alliance which is a non-profit organization with key members 150.

The Sandbox has a native token known as Sand which is used as a reward and as the exchange token within the game. Sand runs on the Etheruem blockchain on the ERC- 20

On the coinmarketcap website, Sand token has been ranked #113 with a unit price of $0.7742 and a market cap of $686,983,862 and a diluted market cap of $2,335,777,592 and 885,439,937.22 SAND has been in circulation. The SAND token is also listed on several exchange sites such as Binance, Bkek, Houbi, cointiger among others.

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.

Acquiring SAND Token

SAND is listed on some exchanges like Binance, Bkek, Houbi, Metamask, etc now explaining how it can be gotten or purchase, we will be using the Metamask exchange listed above to demonstrate how we can acquire SAND

After downloading and creating an account on Matemask then you click on add token

0CCD383A-F946-4037-BEEE-91F5D980CBE3.jpeg

Then after clicking on add token your search for the desired token here we search for SAND as seen below

You click on SAND then continue by clicking on next

The required which you may want to purchase can den be bought and then the token is being added and acquired in your wallet.

Conclusion

The NFTs are new and haven't hit on the market thus giving openings ways and exploring the gaming industry, sports, arts, and others for investors by acquiring and selling the tokens to value its holders. Due to the great advancement in technology, openings are now being digitalized for the convenience of the public.
I appreciate prof @imagen for such a great topic and a great simplification of it to our understanding

Thanks for reading
Prof @imagen

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 3 years ago (edited)

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

Escala de ValoraciónNotaObservaciones
Pregunta 11.3/1.5
Pregunta 21.5/1.5
Pregunta 31.0/3.0
Pregunta 41.6/3.0
Pregunta 50.2/1.0
Total5.6/10

Realizastes un buen esfuerzo, sin embargo, debes leer cuidadosamente las instrucciones y requerimientos de la asignacion: SandBox no estaba incluida entre las opciones.

Espero seguir corrigiendo tus asignaciones.

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