What is an NFT?
An NFT is a Non Fungible Token. A Non Fungible Token is described as “using relatively nascent technology that certifies the authenticity and ownership of a token through a digital ledger of all its past transactions.” In other words, a blockchain, which is the backbone of cryptocurrency.
What this means is any object can be “wrapped” in a digital package and authenticated with a unique signature that certifies its authenticity and rarity.
For example: Splinterlands, Axie, Cryptoblades
What it means for you is you have an opportunity to certify a unique object or piece of art is authentic. It can be used for anything an alarm for an easy transfer of ownership. There are an infinite number of applications for NFTs.
In Splinterlands, you get to own cards (which can be used in game ), an sps (can be obtained through airdrop/ staking), and own a land.
This technique is gaining an enormous amount of popularity because it’s so flexible in determining and proving the ownership of an asset.
The digital world is exactly the same as the physical world in the respect that certain things are more valuable than others. It's also a medium for great creativity.
What do you think is the advantages of a block chain game?
Once a game went digital with titles like splinterlands, players can use the cards through blockchain technology so that you can have an opportunity to buy, sell, and transfer digital assets freely, just like with physical assets.
In addition, the rules govern property in the physical world don't apply in the digital world. The creators of physical things have been at risk in the digital world because it's easy to copy anything.
The block-chain is absolutely crucial. You had to have it in the digital world or there would be chaos because you'd have no way of proving the authenticity of a "one off"
History of Splinterlands (2018)
Splinterlands is a blockchain-based card game, where the trading cards are non-fungible tokens that allow players to own, trade, and earn their in-game assets. With more than 100,000 registered users (25k of which are paying/premium accounts), the ecosystem ensures higher recognition and interest from the gamer community.
Splinterlands users, to date, have competed in more than 60 million total matches and are creating 600k blockchain transactions every day, making it one of the most active dApps in the world. The company has awarded millions of dollars in crypto and NFTs to its players in 142 countries.
Splinterlands addresses the problem that most digital card games do not allow players to trade or sell their in-game assets to other players. On top of that, its solutions enhance the future of player-owned economies by launching games on the public Hive blockchain and offering its in-game assets as NFTs. This also means that users’ cards hold real value, which has the potential to skyrocket according to rarity and market demand.
“This is an extremely exciting moment for Splinterlands. There are big things on the horizon for the team. They have a strong leadership and like the game a supernatural ability to execute. Having invested in the company, it's thrilling to witness the continued growth and success of Splinterlands,” said Aly Madhavji, Managing Partner, Blockchain Founders Fund.