What is NFT Gaming? Why is NFT destined for Gaming industry?
Binemon will facilitate the acquisition of information to assist you to have a better understanding why NFT is destined for Gaming industry.
NFT stands for “Non Fungible Tokens”, which means the token has its own uniqueness, no duplicates. It is an encrypted digital asset verified by blockchain technology. There are multiple forms of NFT such as “video gallery”, “artwork” and even “virtual pet” have been created. Thus, NFT creates digital assets that are of the uniqueness, permanency, and scarce in Blockchain projects.
NFT Gaming acts as a contributing factor to enhance the ownership of players, greatly contributing to upgrading Gaming industry to the next perfection level. NFT is known as a special token that contains certain information, this information can be properties and images of game props. Therefore, Gaming industry uses NFTs as in-game assets to create the uniqueness, permanency and scarcity for each character.
The innovation of “Play to earn” ecosystem incentivizes players, expands the addressable market of NFT games, which attracts more players to the crypto ecosystem, and increases engagement.
Binemon is executed with the mission to steer players in more refined gaming experiences through the unique Monster system, taking advantage of “play to earn” model for players to earn real money, combined with game graphics and attractive gameplay (3D meme NFT style of Crypto world) and continue to upgrade Game to reach milestone level like traditional games with the lowest budget.
Why is NFT destined for Gaming industry?
1. The uniqueness of characters (NFT) in Game
Thanks to the uniqueness, permanency, and ownership, NFT can format your own character. For example, when you join Binemon, each Mon has its uniqueness, no duplicates and its own gacha (random) mechanic. The 10 elements that make up a Mon offer great customization in the power of Mons or a squad in Play Mode. The potential for expansion of Binemon is infinite with an open world and NFT.
2. Fairness and transparency for Game
Virtual props and in-game fairness in the game world play an important key for players to participate in fair games on the same platform. Before the advent of blockchain games, the fairness of games could hardly be unaffected by the probability and the hidden performance (lucky values), which would not be public and transparent. That’s why NFT is created to minimize cheats and hacks in the game. Blockchain games can fully reveal all properties and probabilities. In-game transactions are recorded, developers themselves cannot create characters with power features at their disposal.
3. The high security of digital assets
The higher level of game value, game props, equipment, and even accounts can pose a challenge to virtual game security, which leads to being hacked with more ease.
The blockchain game is built on the public and transparent chain. The distributed structure of the blockchain can effectively resist hackers. The more active the public chain is, the less likely it is to be tampered with by hackers, followed by the higher the security of the virtual assets.
Thanks to the usage of NFT as in-game items, players have full ownership and control over their activities for buying, selling, and earning. Moreover, players’ items are extremely scarce, so these items can be bought, sold, or traded on Marketplace and converted into real money for players.
4. NFT in-game mechanics:
Once you own Mons (NFT), what can you do?
Binemon develops a decentralized exchange BineDex that allows users to freely manage assets and trade. Thanks to fast and stable speed associated with near-zero operating costs, this is how Binemon can scale with the lowest budget. Therefore, the increase in NFT asset trading will promote the multiple growth of Binemon through Marketplace, creating values for both users and projects.
All items can become NFT such as Binemons, Ambrosia, Gear, Lands, Materials for building house/ castle, furniture and decorations.
An interesting advantage for this arrangement is that game content can be expanded out of original use cases and have a whole new creation in Metaverse.
What’s more fun when you can create great entertainment value and competition in “Chat Together” — the first Metaverse feature in Binemon World. Inspired by “Play Together”, this feature is the first application of the Metaverse concept in an idle game. Players (Mons) will join a shared lobby to have 3D interactions, chit chat and… party. The value of NFT will increase if you want to sell or trade it on an exchange due to its wider usability.
With the following advantages and multiple use cases going forward, NFT Gaming can expand a broad adoption and deserves to be the future of the whole Gaming and Crypto industry. Binemon incessantly develops and perfects its own products to be the leading NFT Gaming project.
Binemon is the association of GameFi, NFT World and Metaverse where players can earn huge rewards for real money while participating in attractive gameplay and immerse themselves in exhilarating experiences. The business model is also known as “play-to-earn” in the Gaming industry.
- Unique Monster system: Hatching Eggs with Gacha mechanism, Mons Fusion, PVE, PVP, GVG (Guild), Land, Building, Metaverse…
- Astounding #NFT 3D graphics available on Android, IOS, Web GL
- Gas fee is near-zero
- Reward mechanism is huge but anti-inflation, fairness, anti-cheat.
Binemon social media:
🌐 Website: https://binemon.io
🌐 Marketplace: https://app.binemon.io
📰 Twitter: https://twitter.com/binemonnft
📣 Channel: https://t.me/binemon
🎞 Youtube: https://youtube.com/channel/UCmgmzpV4C7Jb86fxBNTtUmw
📰 Instagram: https://instagram.com/binemonnftgame/
💬 Global Group: https://t.me/binemonchat