The Rise of Virtual Real Estate | Top 5 Blockchains for NFT Land Deeds
GET IN EARLY ON NFT GAMES SELLING REAL ESTATE AND LAND WITHIN THEIR DeFi ECOSYSTEM
5 figures, 6 figure prices, investors and gamers alike are pouring in and buying millions of dollars worth of digital land…in video games? NFTs or Non Fungible Tokens are the new craze and it’s just the beginning. Follow…
As a gamer myself. I can’t reclaim how much money I’ve spent on items, aesthetics or gear, making my avatar or character stronger. Games like Fortnite, Minecraft, World of Warcraft are among the biggest names in the industry with the most lucrative pull-in from in-game transactions and seasonal limited time offerings to their users.
Enter Blockchain technology. You may be familiar with NFTs as simply digital art or GIFs you share within your chats from time to time. These specific NFTS carry loads of value and are seamlessly a part of something larger. A DeFi or Decentralized Finance ecosystem. NFTs act as digital identifiers of its sole single type. Mix these two together with gaming and it’s lucrative following and you have an explosion of new technology, innovation, gaming and disruption!
What’s becoming increasingly more important are your digital items and identity.
— Blockchain gaming entrepreneur Jeffrey Zirlin
We’ve put together a list of 5 platforms or protocols, in no specific order, from which we think will truly take the reins of NFT real estate and gaming. A space in crypto where gamers mesh with innovators, investors, and DeFi. Reap the benefits from such early gaming technology!
Play, create, own, and govern a virtual world made by players. Monetize your gaming experiences within the Ethereum blockchain! The Sandbox (2011) and the Sandbox Evolution (2016), combined generated 40 million downloads across iOS and Android. Developed and published initially by “Pixowl”. Pixowl brought this successful User Generated Content (UGC) gaming up and a large community of creators to the blockchain ecosystem. They aim to disrupt existing games such as the likes of Minecraft and Roblox by providing true ownership of their creations as non-fungible tokens and gain rewards within their ecosystem. Example here!
Users can buy LAND, a portion of the SANDBOX metaverse, open to a player’s ownership. A digital piece of real estate in The Sandbox metaverse that players buy to build interactive experiences. Once you own a LAND, you are able to populate it with Games and Assets. Each LAND is a unique (non-fungible) token lying on the public Ethereum blockchain (ERC-721).
And entire ecosystem benefiting creators, investors, developers of all types of people from all classes. There are more…!
The modern browser based, Free-to-play cross platform, player centric, Blockchain MMORPG! An isometric action rpg game being developed by Bright Star Studios. Set in a dystopian universe with a class progression system.
a universe where the players control the world through true land ownership, and where all valuable cosmetic items are tokenized as scarce non-fungible crypto collectibles, which are acquired by players through gameplay objectives instead of sold through loot boxes.
In Ember Sword, players can trade & sell the cosmetics they own for PIXEL Tokens, and those who invest in LAND to become landowners evolve the world by placing resources, monsters, NPCs etc., and can turn a profit by creating services and experiences, like vendor marketplaces where other players buy in-game purchases, access auctions, and more. They can also earn more rewards by battling in PVP, defeating boss fights and more tbd in the future. Instead of a closed economy, the developers are opening it up by allowing players to do what they please with cosmetics they truly own.
It’s important to note that we want to build this system together with the community, making sure everyone is fairly rewarded. Because of this, we may start out with a distribution that simply takes into account the purchase value of the land held and slowly shift to having more of the distribution determined by the actual value the land is generating in-game.
Gala Games’s Mirandus. An epic fantasy RPG set in a massive world ruled by five player-monarchs. In game, players have absolute freedom of choice: they can set out into the wilderness alone to try their fortunes against the monsters of the deep woods and dungeons, join with one of the monarchs to serve as a knight in their court, or set up shop in one of the five great cities of the realm.
Player ownership of in-game assets is a central mechanic, with players being able to hold LAND DEEDS which allow them to claim parts of the wilderness and set up holdfasts ranging from small farms to massive cities. There will only ever be 1,625 deeds in Mirandus. Players can place their deeds down anywhere there is an open space. Each deed comes with a basic layout that includes walls that will repel monsters, a home for the deed owner, and plots where other players in the game can place buildings. You decide who you will be and choose your own quest in the epic fight against evil.
Check out more from Mirandus
Axie Infinity is a digital pet universe where players battle, raise, and trade fantasy creatures called Axies. A trading card autobattle game. One of the first blockchain games to introduce a mobile application and the ability to earn money by simply playing the game. When purchasing an Axie, you’re actually purchasing an NFT and the same goes for a lot of what is in the Axie Infinity universe. Small Love Potions or SLP is awarded to players for simply engaging and playing the game. The rewards you gain, you can ACTUALLY sell on the market today. A true game’s economy, connected to the real world economy.
Unlike putting money into League of Legends, the money you invest in Axie Infinity will be an open crypto currency market. The Axie you purchase initially allows you to participate within the game itself and you are instantly and constantly rewarded with SLPs as you play. How much could you earn hourly on such a thing? Is Logan Paul listening or still wearing a Pokemon card as his “NFT”?
Axie Infinity Start-Up Guide
Founded by Ari Meilich and Esteban Ordano in 2017, Decentraland is a virtual reality platform powered by the Ethereum blockchain in which users have full custody of the digital assets they accumulate. Governed by a community DAO, The Decentraland Metaverse consists of Genesis City, a 300 LAND by 300 LAND virtual world where users may build experiences and socialize. All in-game assets including virtual LAND are ERC 721 NFTs (Non-Fungible Tokens) and the in-game currency is a native ERC 20 cryptocurrency, MANA.
MANA was introduced in August 2017 through an ICO by decentraland and gathered over $24million in …35 seconds. Leaving retail investors out in the cold. Now trading at around $.05, early adopters were given opportunities to buy land and we’re learning that location is key in this type of world.
Decentraland has a Visual Builders tool. Where users can actually create in-game items and enhance their participation within the world and interact with other builders. Similar to the previous games mentioned above. The possibilities here on this platform are endless.
Check a DEMO HERE!
Needless to say this was a generalized look into the details of what these games and protocols offer and what they’re over all capable of. I also would like to mention that these projects are STILL in the works and day by day the platform, the technology and the space as a whole continue to grow tremendously. If you think I’m in my bubble, I’ll end the article with this…
CNBC’s Fast Money segment: “Real money in fake land? The boom in virtual real estate”
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