Non-Fungible Tokens, or NFTs, are simply tokens that are not equal to one another. This is in opposition to fungible tokens (or Fungibility Tokens). The most common example of this would be Bitcoin/Ethereum where all units of the currency are considered equal. An NFT is distinguishable from other units in the NFT’s class; all vinouses of a ZRX token are unique (1:1 with respect to one another).

There may be multiple different NFTs for sale at any given time, however, each one will be independently owned and their values can change independently of one another.

NFTs are created on blockchain platforms like Ethereum and are stored in digital wallets. They can be used to represent a wide variety of assets, including virtual goods, real estate, company shares, or anything else that can be digitized. The popularity of NFTs is growing because they offer a better way to track and manage digital assets than traditional methods like central databases.

Blockchain technology has changed the way many industries operate, and several companies are realizing they can use NFTs to digitize their assets for public sale. One of these companies is Augmentors Game.

What is Augmentors?

Augmentors is a mobile game that allows users to battle against one another using augmented reality. The game is built on the blockchain and uses NFTs as its main form of in-game currency. Players will be able to buy scarce creatures (NFTs) that they can train, customize, and even trade with other players.

Like many other crypto games, Augmentors Game has a unique story behind it. The game is set in a world where creatures have been digitized and can be owned by anyone. These creatures are called Augmentors and each one has unique abilities that can be used in battle.

How Does This Benefit Players?

One of the main benefits of playing games that use NFTs is the ability to earn, trade, and sell them. Since NFTs are unique to each game, they can be used in more than one place. Players will be able to collect rare creatures on Augmentors Game that they can later use in other games.

Players will also have the ability to earn rewards by playing the game or completing bounties/quests. You can think of it as a way to get rewarded for using the game, similar to earning frequent flyer miles on your credit card. If you play a lot, you’ll be able to earn more NFTs by leveling up and spending time in the game.

Players will also be able to buy and sell their favorite creatures with other players. This creates a secondary market where players can buy and sell creatures for more or less than they originally paid. This offers an extra level of excitement and competition to the game.

What Does the Future Hold?

The future of NFTs looks promising and many experts believe they will revolutionize the way we interact with digital assets. One area they are already making an impact in is the gaming industry.

Games that use NFTs offer a new level of excitement for gamers who can enjoy their favorite titles with the added benefit of collecting rare items. This also opens up more possibilities to earning rewards and incentives for playing, something that will help grow these games into even larger communities.

Augmentors serve as a great example of how NFTs can be used in gaming. The game is set to release on Android and iOS later this year, but it’s already raised over $1 million to fund the project. This goes to show that there’s plenty of interest in these types of games.

For more information about NFT’s, Cryptocurrencies, Metaverse, and Blockchain technologies keep reading our blog.