Tofycoin - Cryptocurrency That Operates In The Nft Area And Can Be Used As A Payment System In Mobile, Web And Pc Games

The Potential NFTs in gaming With Play-to-Earn (P2E) Ecosystem

First, let's go through what what the NFTs potential in gaming ecosystem. People who generate material on YouTube, social networks, or any other application do not yet have ownership rights over such content. In the user agreement, the businesses and owners of the platform indicate that the users may temporarily utilize their resources and upload material without getting in trouble.

In point of fact, the material is not owned by the person who originally created it. This is the most important problem since the founders of the platform utilize the material for their own commercial interests and have the ability to ban a creator if they breach the restrictions of the site. A solution may be found in NFT since non-fungible tokens make it possible to acquire ownership rights over content.

Players now have the ability to assume true ownership of their in-game assets via NFT-driven P2E games, which are sometimes known simply as "crypto games." P2E game creators mint in-game assets as NFTs on the blockchain to provide players this possibility. The fact that in-game products may be minted as NFTs and in-game cash can be completely used as crypto opens up a whole new world of possibilities for the player, despite the fact that their functions are nearly the same as those of their more conventional equivalents.

The virtual objects that players may acquire or buy in-game, including as skins, weapons, characters, in-game cash, and even virtual land on the metaverse, can all be bought or sold for profit in the same manner as any other non-fungible token (NFT). And just as with any other non-fungible token, the secondary market for some of these in-game assets may sometimes fetch an eye-popping amount of money for them.

Tofycoin is currently developing a platform that will revolutionize the gaming industry by enabling players all over the globe to generate big income just by participating in gaming activities in an honest setting. The Tofycoin platform will enable players to trade in stuff for Tofycoin, which they can then use to compete in skill-based tournaments, buy upgrades for their characters or other items, or participate other contests.

NFT industry evolution and digital assets features

In the race for cryptocurrency dominance, game developers and publishers are beginning to bet on non-fungible tokens (NFTs) and their potential benefits as a gaming currency. NFTs are unique in that every token is different from another and represents an object. They have many advantages. NFTs can be used to represent a specific item in a game, they can be traded outside of the game economy, they can be easily added to wallets and transferred, they can be staked to play games and earn rewards, enabling fair gameplay between whales and smaller players, they can be used to create new types of games with collectable assets, and they can help attract players by giving them a reason to collect.

Let’s explain what the NFT industry is. Today, people don't have ownership rights if they create content on YouTube, social networks, or other applications. The corporations and platform owners state in the user agreement that the users can employ their resources temporarily and post content.

In fact, the original author doesn’t own the content. This is the prime issue since the platform founders use the content for commercial purposes and can block a creator if they violate the platform regulations. NFT is a solution since non-fungible tokens allow gaining ownership rights over content.

With NFT-driven P2E games — also known simply as “crypto games” — players now have the opportunity to take real ownership of their in-game assets, which P2E game developers mint as NFTs on the blockchain. Although virtually identical in function to their traditional counterparts, having in-game items minted as NFTs and in-game currency fully usable as crypto opens up a host of possibilities for the player.

Skins, weapons, characters, in-game currency — even virtual land on the metaverse — these virtual items that players can earn or purchase in-game can all be traded or sold for profit, just like any other NFT. And just like with any other NFT, some of these in-game assets can sometimes fetch an eye-watering amount on the secondary market.

Tofycoin is building a platform that will transform the gaming industry by allowing gamers worldwide to earn significant revenue by playing games in a fair environment. The Tofycoin platform will allow gamers to exchange items for Tofycoin and then use those funds to enter skill-based tournaments or purchase upgrades for their characters or other items.

Exactly How Does Tofycoin It Works?

Tofycoin has developed the first Play-to-Earn (P2E) game, a mobile app named Worion. In other words, this paves the way for gamers to make a living from their hobby. The startup is creating what it terms a "gaming ecosystem" so that players may monetize their hobby.

The principle underlying both Tofycoin and Worion is simple. Tofycoins, the platform's cryptocurrency, are awarded to users for participation in the platform's games. You may use this cash to buy virtual goods inside the games or swap it for real money. Tofycoins may be used for a wide variety of things in these games, including buying virtual items and even entering paid competitions.

The central component of the Tofycoin ecosystem is the Tofycoin token itself. Just as players may earn bitcoin in games like CryptoKitties by completing missions and accomplishments, so too can they earn TOFY tokens. The more one earns of the TOFY token, the more valuable it becomes. Tokens of Freedom (TOFY) may be used by players to buy virtual goods inside games. They could, on the other hand, try trading them in for something like Bitcoin or Ether.

This is a genuine P2E system that compensates players for the time they devote to gaming by giving them the opportunity to do so in the context of their favorite games. It's a win-win situation since the players gain a sense of satisfaction from their efforts and they also get paid for it.

Utility Token for Tofycoin ($TOFY)

TofyCoin's initial use is in an online multiplayer skill game called "Worion," where players may compete in skill-based tournaments, buy and level up their characters, and improve other game assets. As the first player-to-economy (P2E) first-person shooter game, Worion is a groundbreaking innovation. This new coin has several applications, the first of which is within the 'Tofy' network itself. If you own an Android or iOS smartphone, you can download the free software Tofy and start playing a variety of minigames right now.

The purpose of playing these games is to rack up points that can be converted into Tofycoins and used to purchase cosmetic items and other in-game advantages. Through mobile applications like Google Play Store or App Store, you can exchange your points for real-world goods like mobile phone accessories and gadgets.

Even though crypto tokens in games might be a player's most prized possession, getting your hands on them can be a challenge. Tofycoin has now released a marketplace where players can buy, sell, and exchange digital items. As well as serving as a conduit between game makers and players, Tofycoin will provide a secondary market in which users may trade in-game items (NFTs). It's going to be a fun environment for programmers and players alike to work in and enjoy.

Tofycoin Token ($TOFY) Information

• Name Of Token: Tofycoin
• Total supply: 100,000,000 TOFY
• Ticker:TOFY
• Platform: Binance Smart Chain (BEP-20)
• $TOFY Contract Address: 0x191BEC3c53b60131284D789f416E32E246E56Fc9
• Decimal: 18

Tofycoin Roadmap

• JULY 2021: Tofycoin Project Starts (DONE)

• OCT 2021: Development Starting (DONE)

• DEC 2021: Marketing Team Building (DONE)

• MARCH 2022: API Development (DONE)

• JULY 2022: Whitepaper 2.0 (DONE)

• SEP 2022: IDO/IGO Starting (DONE)

• OCT 2022: Play2Earn Game Beta Version (ONGOING)

• OCT 2022: First Exchange Listing (ONGOING)

• NOV 2022: Play to Earn Game Launch at Google Play and Apple Store (ONGOING)

Finally

One of the biggest problems facing mobile gaming today is a lack of incentives to make players keep playing. Mobile games are usually free-to-play, which leaves developers without any way to monetize their games outside of in-game purchases and advertising. This leads to low retention rates and an oversaturation of games that all follow the same formula. On the other hand, PC gaming has a much wider variety of payment options, and developers are able to take advantage of this.

Tofycoin is looking to resolve this issue by creating a unique ecosystem for players and developers alike. Players can earn $TOFY in Worion through playing and trading in-game items, or they can buy them directly with the token. The TOFYCOIN platform is a gaming ecosystem that utilizes a unique cryptocurrency in order to facilitate transactions between game creators and players. To do this, the platform will allow for the participation of several stakeholders, including game developers, game players, and coin holders.

For more information, please visit at:

Website: http://www.tofycoin.com/
Twitter: https://twitter.com/tofycoin
Telegram: https://t.me/tofycoin
LinkedIn: https://www.linkedin.com/company/tofycoin
Discord: https://discord.gg/tofycoin

Author

Forum Username: Tiffany Krause
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3425046
BEP-20 Wallet Address: 0x5b535298c01C615f256C39ac589a2451cAB92d47