Startverse
Search…
Introduction
Startverse Token
Communities
Changelog
What is NFT Game?
Startup Office is a digital trading item in game where you can own and trade digital assets.
NFT stands for non-fungible token.
In economics, a fungible asset is something with units that can be readily interchanged - like money.
With money, you can swap a £10 note for two £5 notes and it will have the same value.
However, if something is non-fungible, this is impossible - it means it has unique properties so it cannot be interchanged with something else.
It could be a house, or a painting such as the Mona Lisa, which is one of a kind. You can take a photo of the painting or buy a print but there will only ever be the one original painting.
NFTs are "one-of-a-kind" assets in the digital world that can be bought and sold like any other piece of property, but they have no tangible form of their own.
The digital tokens can be thought of as certificates of ownership for virtual or physical assets.
This is what diffirent between fungible tokens and non-fungible tokens:
Fungible vs non-fungible tokens
Fungible tokens
Non-fungible tokens
Description
Tokens that can be readily interchanged with each other.
Each token has unique characteristics which make it special.
Characteristics
- Not unique.
- Divisible
- Mutually interchangeable
- Unique
- Indivisible
- Not mutually interchangeable
Examples
- Real world: Fiat currencies like the Dollar($) or Euro(€).
- Digital tokens: Bitcoin(BTC) or Lisk(LSK).
- Real world: Paintings or music.
- Digital tokens: Crypto collectibles (e.g. Cryptokitties), event tickets, or other virtual assets.
How to use NFT in Game?
In Gaming more specifically and until recently, any in-app purchases or virtual currency bought in free-to-play games could not be withdrawn, re-used, resold, or used in other ways across games or platforms. In other words, they were perishable consumable goods.
With NFTs, anything bought in the games will actually belong to owner. As bought asset will be registered on the user’s name. Each asset is uniquely identifiable, can have a provable limited number of copies and can be transferred between users, without asking the permission of the developer.
Even better, it can also be transferred outside the game, put for sale on a marketplace or even used inside another game, providing extra utility and gameplay across various games.
Last modified 5mo ago
Copy link