The Game NFT
Play-2-Earn
An emerging way of earning money in the Game-fi world is by playing NFT games. Players can earn tokens with play-to-earn models or accumulate in-game NFTs which they can sell to other players and collectors.
The token approach is usually more reliable because tokens can be gained consistently through gameplay, whereas NFT drops are more random. Users from low-income regions have flocked to play-to-earn as an alternative or supplement to fixed income or social security.
THE GAME NFT
Tokenomics
Use Case: VIP NFT (Ticketing)
Probably an easy way to understand utility NFTs is with a business case from the entertainment industry.
If you are holding a concert with 2,000 VIP spaces available, you could issue VIP 2,000 paper tickets. Each paper ticket will be unique, or non-fungible, in the sense that it will have its own ticket number. But each unique paper ticket confers the same right, privilege, or utility. That utility is, in this case, entry to the VIP area of the concert.
Instead of issuing 2,000 VIP paper tickets, the concert organizer could issue 2,000 VIP NFTs. Each of the 2,000 VIP NFTs would of course be unique and non-fungible, but just like the tickets, each one would grant its owner the same privilege or utility: entrance to the concert plus EXTRA SERVICES included. It works for in-person, digital or in-game events and could be traded 24/7 – even seconds before the event – each trade will add extra royalties to the artist wallet and holds super rare exclusivities for the ticket owner.
ETHORITY has marketed some of the world’s most recognizable NFT, Dapps, Marketplaces and Campaigns for the world’s biggest brands, artists and athletes. Our combination of idea, talent and data-driven team management processes make us the perfect end-to-end full service NFT partner.
2,050
VIP NFT TICKETS
Total
US$5,4m
ARTIST MEET UP
10
VIP LOUNGE
40
PRE SHOW EVENT
1500
AFTER SHOW
500
2,000 VIP NFTs would of course be unique with UPGRADEs, but just like the tickets, each one would grant its owner the same privilege or utility: entrance to the concert and limited access to specific VIP events around. All NFTs could be traded over an NFT marketplace for an individual price or by auction principles via a smart contract inside that NFT, fully interoperable, even if the VIP NFT ticket owner changes.
Business Case:
Depending on the artists popularity the auction prices will mostly increase over time because of NFT trading professionals and demand by their fans, NFT ticket prices by auction or at a fixed amount.
– 10 VIP NFTs – PLATINUM ACCESS: 2,5ETH/NFT=25ETH
– 40 VIP NFTs – DIAMOND ACCESS: 1,5ETH/NFT=60ETH
– 1.500 VIP Pre Show NFTs – GOLD ACCESS: 1 ETH/NFT=1.500ETH
– 500 VIP After Show NFTs – SILVER ACCESS: 1,5 ETH/NFT=750ETH
– 12.000 NFT Transactions – NFT-Royalty-Fee (i.e. 10%)=1.800ETH
NFT Income: 4.135ETH
(Exchange rate 1ETH=1.300US-$)
TOTAL VIP NFT: 5,36million US-$
Our Solutions
NFTs & METAVERSE
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- Workshop & QA Sessions
- PLATFORMs & PLAYERs
- SMART CONTRACTS
- CRYPTO & COINS
- TOKENOMICS
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NFT ANALYSIS
- Analyst Reports
- How should you position yourself in the NFT ecosystem? What are the best practices for selling?
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NFT MARKETING
- Marketing Packages
- NFT marketing services: Make yourself known by one of the most mature and qualified audiences in the NFT industry.
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NFT PARTNERSHIP
- Full Project
- "How" to put them on the market? What volume? What a rarity? How much asset is the market able to absorb?
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As a creative agency we work with you to develop solutions to address your brand needs. That includes various aspects of brand planning and strategy, marketing and design.
As a creative agency we work with you to develop solutions to address your brand needs. That includes various aspects of brand planning and strategy, marketing and design.
As a creative agency we work with you to develop solutions to address your brand needs. That includes various aspects of brand planning and strategy, marketing and design.
As a creative agency we work with you to develop solutions to address your brand needs. That includes various aspects of brand planning and strategy, marketing and design.
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LATEST NEWS
Hyundai Enters the Metaverse with Hyundai Mobility Adventure on Roblox
Utility NFTs, Compound of the Metaverse
METAVERSE
JOIN THE NFT
The Metaverse is a major driver of the ongoing NFT trend of an internet-enabled virtual world in which individuals interact with digital assets using Augmented Reality (AR), Virtual Reality (VR), and Extended Reality (ER) (XR). NFTs will provide direct access to real-life identities and digital avatars into the Metaverse since the Metaverse will feature digital avatars. NFTs are planned to be employed in a wide range of metaverse applications, including user interaction, sociability, and transactions. Decentraland, for example, allows users to buy Metaverse real estate virtually and displays the locations where they own Metaverse real estate using land tokens. Industry experts also believe that NFTs can be utilized as currency in Metaverse, where they can be used for transactions, as well as the acquisition and trading of virtual digital assets like virtual property. As a result, the Metaverse is likely to be the biggest opportunity for NFTs.
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