What are NFT’s?
In crypto, there are two types of tokens:- Fungible tokens and Non- Fungible tokens. Fungible tokens are those tokens where value of each token is always equal and can be traded or exchanged with each other. Bitcoin, Ethereum and other cryptocurrencies are examples of fungible tokens. On the other hand, Non Fungible tokens(NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency as they are unique. BAYC, Crypto Punks collections are examples of non fungible tokens.
How NFT’s solve the ownership issue of traditional gaming?
Over the years, people have spent hundred and thousands of dollars on traditional games and on in-game assets. However, this assets and the time spent on the game can be taken away with click of a few buttons. This is where Play2Earn games and NFT’s enter into the picture. Play2Earn games bring more value to the players by giving 100% ownership of a particular in-game asset in the form of NFT’s and gives opportunity to players to earn rewards as well.
What are Taro NFT’s and how they will maintain profound value and utility?
Taro NFT’s are unique in-game assets that will allow you to play all the games across the Taroverse Ecosystem. However, Taro NFT’s are not just in-game assets but much more and their utilities are as follows:
In-game assets
NFT staking
Collectible
Digital Avatar in Taroverse
and much more.
Taro NFT’s will have five rarities and they are common, uncommon, rare, epic and legendary in the increasing order of the rarity with common being least rare and legendary being the most rare (left to right). You can stake these NFT’s and use it to mine $TARO tokens. Each rarity will have a different mining power which means higher the rarity, more the mining power. You will also be able to upgrade the level of Epic and Legendary heroes by using common, uncommon and epic NFT’s. You can unlock these NFT’s from Taro chests which will be completely randomize the NFT’s you get. You can even buy and sell these NFT’s at the marketplace.
For in-depth details: https://bit.ly/3D6XG2n
(Note: These NFT’s can be used across all the games in the Taroverse so that you don’t have to buy separately bringing more value and utility to Taro NFT’s.)
🎯For more details about Taroverse, you can follow us at:
🌐 Website: taroverse.com
🕊 Twitter: twitter.com/TAROVERSEcom
✉️ Telegram Chat: t.me/taroverse
📣 Telegram Ann: t.me/TaRo_News
🤖 Discord: discord.gg/e8D6Czyn4a
📷 Instagram: www.instagram.com/taroverse_official
📚Blog: tarverse.substack.com
I'm really excited for this project. Loved the art and utilities it brings. I believe in Sid and Taroverse. #DYOR