Crypto Academy / Season 4 / Week 1 - Homework Post for @image: NFT and Gaming

in SteemitCryptoAcademy3 years ago (edited)

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Background image source

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Thank you @image, for your first lecture in season 4 of the crypto academy. I am happy to be part of your class this season. Thus, I am here to submit my assignment.

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Advantages and Disadvantages of NFT Games

Advantages
Here players earn and own the NFT assets. These come in form of collectibles and other rewards that are truly owned by players on the platform. This is unlike traditional gaming where users can only view their scores or rank without ownership of any asset.

The NFT earn and owned are pegged to the user’s account. That way, there can’t be a loss due to shut down because the asset is in the user’s wallet. Furthermore, the assets can’t get lost through theft.

This is unlike normal games where there are no assets and points earned can be lost if the application is uninstalled.
Monetizing the assets is another great advantage that is absent in normal games.

  1. Transfer of ownership: a player can sell his NFT to another player, thus transferring the ownership to another player. This is not possible in normal games, as you can’t transfer your points to another.

  2. Uniqueness and security: collectibles in NFT games are unique and secured, thus they cannot be duplicated or possessed fraudulently.

  3. Transparency: Every owner and the history of the acquisition of the assets can be traced on the blockchain. This is not obtainable in normal games.

  4. It offers investment opportunities: Investors can buy the NFT from the platform and stake for higher values in the future. Gaming is also an investment, as more earning comes from playing.

Disadvantages

  1. Most NFT games are expensive to start. Thus, most potential gamers get scared away by the amount of money they need to start.

  2. As the NFT gaming industry evolves, hacking is imminent and the presence of fraudsters in the industry can scare investors away.

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Five NFT Characters and Their Asset Collection Values

  1. TREVOR JONES: He is a Canadian-born Scotland-based artist who has a fascinated connection between art and blockchain technology. He created Genesis, his highest-selling NFT that he sold for $188,888.00. His total artwork value at the time of writing is $18,083,354.42.

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  1. FEWOCIOUS: this is 18 years old NFT artist who has made tremendous waves in the NFT market. He has sold a total of 3,103 NFT pieces with an average of $5,812.16 each. His Total Artwork Value is $18,037,594.08.

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  1. MAD DOG JONES: Born in Canada, Mad Dog Jones is a dynamic NFT artist who combines music and art in his works, he has sold a total of 1,567 NFT artworks, averaging $9,063.52 apiece. His Total Artwork Value is $14,344,607.33.

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  1. HACKATAO: He is a crypto artist who explores issues of environment, society, cryptos, and humanity. He has sold a total of 1,504 artworks sold at an average of $7,310.61 apiece. His Total Artwork Value is $11,113,676.85.

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5.3LAU: Justin Blau who goes by the name 3Lau has been releasing electronic music since 2011. He is one of the early adopters of crypto and is now a leading name in NFT collections. His core area is music NFT and has sold 6,090 artworks to date, averaging $1,505.54 each. His Total Artwork Value: $9,161,894.41.

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Source

Characters on Mist NFT Gaming Platform

  1. CRUSADER: These are tenacious warriors that have sworn to render service to share their god’s celestial powers.

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  1. ENCHANTER: They have the gift of natural ability to analyze. With great dedication, they are capable of being allies or deadly foes. What they are to you depends on their analysis of if you are capable of being their companion or not.

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  1. RANGER: They are highly skilled in using the power of earthly divinity to manipulate natural forces.

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  1. SHAPESHIFTER: They are skilled alchemists capable of using the ancient knowledge of civilization to craft potent elixirs that can command the power of the wilds.

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  1. WITCH HUNTER: They are trained to identify and destroy evil. They have the accuracy and cruelty to carry out their role.

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Mist game and MIST token

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Here, we will be exploring Mist, an NFT gaming platform supported by Steam and Binance.

Mist is an open-world combat game. It contains a great core of fighting and questing mechanics. The game is full of adventures and features as will be discussed later here.

The platform has no disclosed founder and developers.

A first look at the platform reveals the following features:
ü Home
ü Overview
ü Technical
ü Media/NFTs
ü Farming/Staking
ü Classes
ü News
ü FAG
The home page is a display of wonderful graphics and a welcome to Mist with the display of supported platforms.

Overview
Here, a collection of what can be done on the platform is displayed. According to the platform, you can:
ü Collect, farm, and earn NFTs in-game
ü NFTs are functional in-game items that give bonuses to players.
ü Immersive in-game currency connected to Binance Smart chain.
ü Farm and stake tokens to earn rewards
ü Trade and swap NFTs in-game and on 3rd-party platforms
ü Built on the proprietary Mist NFT Game framework.

Technical
This features information on how to collect NFTs, explore the platform and play the game. It is backed with a video lecture on everything about the Mist Framework.

Media/NFT Market Place
This contains a link to how you can download the NFT marketplace for Apple and Windows devices.

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Farming and Staking
Here you can stake NFTs in-game to earn more. You can stake the Mist token in-game and outside the game universe.

Classes
These contain characters in the game, as earlier discussed.

News
This feature contains the latest happenings around the Mist Gaming ecosystem.

FAQ
This section contains a list of frequently asked questions and their answers.

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The MIST token
MIST is the official token for the Mist NFT gaming network. It has a total/maximum supply of 1,000,000,000. At the time of writing, the market cap is $4,855,057 and the current price is $0.086118.

The token is built on Binance Smart Chain and the contract address is 0x68e374f856bf25468d365e539b700b648bf94b67. As such it can be bought on Pancakeswap.finance DEX using Metamask or Trust Wallet.

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How to Buy MIST

The token can be bought from the following DEX:
ü Pancakeswap. finance
ü Cafeswap
ü Apeswap
ü MDEX
Just go to DAPPS on your trust wallet and paste pancakes were.finance there. When the exchange opens, paste the MIST contract address there and buy it with BNB.

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Conclusion

The future is very bright for NFT games, as NFT continues to gather popularity and adoption. This is a good investment opportunity, especially when the project is backed by great varieties.

As the crypto world becomes competitive, the new smart way to earn is through NFT and gaming.

Thank you for reading.

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Cc:
@image
@steemcurator02

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 3 years ago 

hi, the correct tag is #imagen-s4week1

 3 years ago (edited)

Gracias por participar en la Cuarta Temporada de la Steemit Crypto Academy.

Escala de ValoraciónNotaObservaciones
Pregunta 11.3/1.5
Pregunta 21.5/1.5
Pregunta 32.4/3.0
Pregunta 42.0/3.0Falta informacion
Pregunta 50.2/1.0Incompleto
Total7.4/10

Realizastes un buen esfuerzo, sin embargo, falta agregar informacion relevante.

Espero seguir corrigiendo tus asignaciones.

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