It’s a beautiful time to be in crypto thanks to the wave of innovations that is coming from the industry. According to experts, the industry is still in its infancy as there are several technological milestones that haven’t been reached yet.
To put this in perspective, if the crypto industry is a computer, we’re still in the diskette age. That means there’s so much more to come. One segment of the industry that is catching the eye of institutional investors is NFTs and play to earn.
What is special about NFTs and Play to Earn?
Non-fungible tokens – or NFTs as they are called for short – are tokenized assets via a blockchain. They’re allotted unique identification metadata and codes that differentiate them from other types of tokens.
Also, NFTs can be exchanged and traded for crypto, or even fiat money. It simply depends on the value the owners and market put on them. For example, you can create a token or use a crypto exchange to design an artwork. To some people, your NFT may be worth millions of dollars, while some might it doesn’t worth as much.
This goes for cryptocurrencies too; however, the primary difference is that two digital currencies are interchangeable when they are from the same blockchain. This means they’re fungible. This also implies that two NFTs can look identical and they’re from the same blockchain, however, they’re not interchangeable.
That’s what makes NFTs special.
On the other hand, play to earn is the new kid on the block and is garnering a lot of attention. Why you may ask? Just as the name implies, play to earn allows gamers to earn some form of income (mostly cryptocurrencies) while they game.
The gaming industry has been in need of some form of innovation after peaking in the past few years. Thankfully, play to earn came to the rescue and the industry has not looked back ever since. Literally, play to earn has ushered a new dawn and new generation of gaming.
How NFTs Give You Digital Ownership
When someone buys a unique art or digital property, an NFT is the proof of ownership. In most cases, the original designer has to own a stake in the final product so the digital property remains rare.
The fundamental definition of ownership in NFTs is based on smart contracts and it has to be on a blockchain. The owner has exclusive rights to any crypto asset bought as an NFT on the blockchain. Although the NFT industry is experiencing some kind of lull, by merging both the play to earn and NFT into gaming, it’s about to be revitalized beyond bounds.
How Pikamoon is using NFTs
Just as we mentioned earlier, the play to earn industry has been at the forefront of innovation in the crypto industry. There are several games that have been released in the last few months, however, one stand-out project that is getting everyone excited is Pikamoon.
What’s more, the Pikamoon Adventure isn’t just your regular play to earn game, the developers have been able to successfully incorporate NFTs into the game. For starters, the project’s developers are offering the first 18,012 users a unique first-generation minted NFT. However, it comes with a catch though. To redeem this NFT, you have to join the whitelist.
By joining the Pikamoon Whitelist, you have several behind the stage access to the project and most importantly the token’s presale. That’s not all, games also get to connect their NFTs to the game and use them as in-game avatars.
The Pikamoon adventure also comes with several other exciting features as it’s built on the latest Unreal Engine 5. Most importantly, the era of gaming for fun alone is over, now with play to earn on Pikamoon, you can enjoy gaming and make a decent income – sometimes even more.
Whitelist: https://pikamoon.io/giveaway
Twitter: https://twitter.com/pikamooncoin
Website: https://pikamoon.io
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