DeFi

The role of NFTs in DeFi games – Blockchain News, Opinion, TV and Jobs

Published

7 months ago

28 June, 2024

The role of NFTs in DeFi games – Blockchain News, Opinion, TV and Jobs

NFTs (Non-Fungible Tokens) are revolutionizing the gaming industry by introducing ownership and economic elements into gameplay.

In DeFi (decentralized finance) gaming environments powered by blockchain technology, players can manage unique digital assets and explore new revenue opportunities.

This article explores the impact of NFTs on game mechanics, economies, and player agency in DeFi titles, providing insight into this gaming revolution.

The backbone of DeFi gaming ecosystems

At the heart of these blockchain-based gaming ecosystems, NFTs enable the creation and ownership of unique digital assets.

These tokens allow players and developers to redefine the gaming experience with dynamic interactions and decentralized financial features, known as DeFi gaming.

This fusion of gaming and finance not only improves gameplay, but also opens the door to new economic frameworks and gameplay improvements.

NFTs facilitate the tokenization of in-game assets such as weapons, skins, and characters, turning them into distinct, tradable digital assets with their own blockchain identities.

This innovation has given rise to NFT games in which players truly own and trade these tokenized assets, unlocking unprecedented levels of liquidity and trading opportunities through the integration of DeFi Games principles.

Tokenized gaming resources: ownership redefined

The tokenization of in-game assets represents a significant shift from traditional in-game economies. Players can now truly own and trade various in-game items, weapons, skins, and characters as unique digital assets.

This development has led to innovative NFT games that extend the tokenization of in-game assets beyond mere representation, enabling true ownership and facilitating an unprecedented level of exchange and liquidity for these tokenized assets.

Own your game assets

NFTs give players real-world ownership of in-game items. You can buy, sell, or use these unique digital items in blockchain games.

This allows players to leverage their gaming skills and shape their experiences. NFTs are changing the way we play by putting real ownership in the hands of players.

Players guiding game development

In NFT games, players have a say through governance tokens. These tokens allow the gaming community to vote on changes and updates.

Smart contracts ensure that the majority decision is implemented: this decentralized approach, powered by DAOs, keeps players deeply involved in the evolution of their favorite games.

DeFi and Gaming: A Powerful Combo

The fusion of decentralized finance (DeFi) with blockchain gaming opens up new possibilities: NFTs and smart contracts enable complex in-game economies where players can earn crypto.

This synergy enhances gameplay while creating revenue-earning opportunities, benefiting both the gaming and DeFi ecosystems.

Video games are taking on a whole new form. Digital money can rise and fall quickly, and games require simple ways to attract more players.

Yield Farming and Staking in Video Games

By combining gaming and DeFi, players can now earn money from in-game items.

They lend digital items to earn rewards. This mix of pleasure and profit is a huge game-changer.

Decentralized Exchanges (DEX) and In-Game Currency

In blockchain games, decentralized exchanges (DEXs) allow players to securely exchange money and in-game items.

The lack of central control means that players own their digital assets and can freely buy and sell.

Revolution of the play-to-win model

“Play to win” blockchain games reward players with real money for their gaming prowess.

Complete tasks to obtain valuable in-game resources and currency. This motivating model draws players deeper into the experience.

Gaming on platforms like BNB Chain allows players to earn money while having fun with classic games. These games use new technologies in fun ways.

NFTs Make Gaming More Exciting

Game creators use NFTs to improve their games. NFTs aren’t just about money: they help create new gaming ideas. NFTs can be owned, traded, and used in different games.

This adds new excitement and makes the games work together.

These digital objects enable creators to create engaging games by allowing game elements to change based on how players interact. NFTs are transforming the way people play games.

Game objects that change

Dynamic NFTs allow in-game items to adapt to player choices. These changing items enhance gameplay with animations and sounds that change based on the environment or player actions, providing players with a unique and personalized experience.

Beyond gaming, dynamic NFTs could revolutionize digital art by creating works of art that evolve in real time from data contributions.

Rarity and collection

NFTs make digital items rare and special for gamers. Blockchain technology proves that they are unique. This rarity makes them interesting to collect. In games or outside, the limited supply affects value and demand.

Games use scarcity to build their in-game economies. Collectors’ search for rare items shapes supply and demand.

Interoperability between games

Players can use their digital content across different games and platforms. This interconnection between games is revolutionizing the gaming world. Thanks to NFTs, it is making the gaming world larger and more connected.

As developers define NFT standards, we will see more fluid sharing of in-game assets. The boundaries between games will continue to blur.

Real value meets virtual play

NFTs connect real-world assets to gaming universes. Gold or real estate can be digital tokens in blockchain games.

This brings tangible value to virtual economies, and players and investors have new ways to financially engage with games.

As the line between virtual and real value becomes increasingly blurred, the gaming landscape is evolving into a space where gaming achievements and assets hold significant investment potential in the gaming world. The growing popularity of virtual worlds is further fueling this transformation.

Monetize gameplay

The play-to-earn model has transformed the monetization of games, allowing players to derive real value from their in-game achievements.

Players can translate their in-game victories and achievements into real-world rewards, such as cryptocurrencies or items that have value and can be traded or sold outside of the virtual world.

This evolution of monetization heralds new opportunities for player engagement with video games.

They now present not only entertainment, but also a viable way to earn income through the play-to-earn paradigm.

Investing in digital assets

Investing in digital assets has become an interesting element of NFT gaming as participants aim to acquire and potentially profit from the growing value of in-game assets.

These gaming NFTs are considered digital assets with appreciation capacity, analogous to conventional investment vehicles.

The appeal of owning an exclusive segment in a virtual realm and the prospect of economic gains are driving gamers and investors to jump into the NFT market.

Augmented reality and NFT

Augmented reality (AR) is making NFT The game is more fun. It mixes online elements with the real world. Augmented reality allows players to:

Add virtual objects to their space
Placing NFTs in their environment
Control NFTs with shares

They mix real and digital creations, thus creating a link with NFTs. Players have a better way to interact with their items online.

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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