NFTs (Non-Foldable Tokens) have caused a lot of controversy. Skeptics, on the other hand, argue that NFTs are nothing more than JPEGs that remove short-lived noise. On the other hand, people think NFT is the next big thing taking over the digital space as we know it. So which opinion is correct? Think of a parallel with the dawn of the internet, when many industry analysts quickly dismissed emerging technology companies. As history shows, these objections turned out to be flawed when companies like Amazon revolutionized the world of e-commerce. So the only thing missing is seeing the underlying technology.
Looking back today, the main argument for why NFTs don’t matter so much boils down to the perceived belief that they are useless. However, this belief was quickly refuted by the concept of GameFi. Here, NFT-powered games allow players to leverage their digital assets to gain opportunities.
To prove the usefulness of NFT, SUPERNOVAE, the team that builds games based on DeFi (Decentralized Finance), is famous for using NFT. In the Persian universe, everything belongs to the players, and it is secured through a distributed ledger. According to the space theme, the main element of the game are spaceships, each of which is original in appearance and differs in rarity.
The main difference is that, unlike a traditional NFT, the ships exist as a non-exchangeable token (cNFT), known as an ERC-721 token, which contains credits. The credits exist in the form of ERC-20 tokens that are enhanced by the cNFT protocol.
As mentioned by a member of your team, using the cNFT protocol is simple but effective:
“The implicit value of NFTs, whether they are fictional monkeys or 24×24 pixels with closed faces, is in most cases nothing more than a rarity and speculation. Getting some bragging rights — owning a non-functional code does not provide copyright protection and is subject to ‘right-clicking’ To save as “the indomitable mantra of the crypto space. The entire GameFi industry.”
In Farsite, adding credits as a global currency in the game gives different uses as players use different applications in the game.
The SUPERNOVAE team is no stranger to the NFT website. Their journey began in 2018 with the creation of MegaCryptoPolis, a decentralized application (DApp) game where each item is an ERC-721 token. Then Farsette was born out of the need to further demonstrate the capabilities of cNFT in an MMO set in a post-apocalyptic world.
In this universe, the player’s only hope is to survive in a deserted environment, find rare materials and build a powerful ship. To start on December 2, pre-order boxes opened, each containing a unique cNFT ship. Interested players are encouraged to participate in this first sale as the previous First Edition chests were sold out within four hours. It is now available to trade on OpenSea at twice the starting price.
More information about FARSITE here
As a cNFT, each ship contains credits that can be used in a variety of ways, from providing fuel for a ship to fly, protecting new sectors for scarce resources, increasing a ship’s cargo space, or copying blueprints.
Journey to the future
Farsit currently has over 500,000 registered players. However, the team still has lofty goals for next year, including the launch of a fully-equipped Alpha program, fellowship program, and additional portfolio integrations. To achieve these expansion goals, Farsite has partnered with Polygon (MATIC) for an expansion solution.
On December 2, the pre-order of boxes containing valuable items in the game began. Most of the top boxes containing the legendary cNFT Sacura were sold out in just 2 days.
An early alpha version of the game was released on December 14.