Fableborne – Telegram
Fableborne
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NFTs or ‘Non-fungible tokens’ are changing the gaming industry, providing players with a unique way to own and trade assets 🤝 But there is a lot of misunderstanding and untapped potential 🤔 Let’s talk about NFT Utility! 💡 1/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
Firstly, why is ownership so important? 🤔 With NFTs, players can own digital assets and profit by buying and selling them to other players ⚙️ This creates a new and safe open economy that rewards players for their time and effort spent in the game. 2/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
NFTs also offer a new level of transparency and security in game transactions, as each NFT is a unique digital asset that can be traced on the blockchain. 🙏 This makes it easier to prevent fraud and ensure fair play. 3/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
This resolves issues plaguing the game industry for decades 🚨 Gone are the days of Real-Money-Trading for in-game currency on dubious sites, human exploitation, account fishing and bans 😯 4/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
In addition, NFTs can be used to represent unique achievements, such as completing a difficult quest or winning a tournament 🏅 These achievements can be displayed on a player's profile as a badge of honor. This way, the player becomes an actual part of the game. 5/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
Game publishers can also benefit from NFTs, as they can monetize their games in new ways 💸 For example, a developer can take a small share for each transaction (royalty) automatically. 6/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
Especially for Free-to-Play games, this means more stable revenue, which reduces the need of monetizing the game more aggressively, while being able to develop the game further 🫶 7/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
Another example, NFT Utility can be access to exclusive content, like unique merch, Discord channels or video calls with the Devs, or anything else you can image. Think Patreon sub tiers, but integrated in the game, or Battle Passes where you can trade the rewards! 😉 8/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
NFTs also offer a new way for players to invest in the games they love ❤️ Imaging owning a collectors' edition, that you purchase to support the game development, but that also grows in value over time. 9/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
This way, the developer gets funds to develop the game 💰 and players can potentially earn a return on their investment by selling the NFTs for a profit in the future 🤝 10/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
NFTs also offer a new level of interoperability between games ↔️ Players may take their assets from one game to another, creating a seamless gaming experience across multiple platforms. 11/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
This level of interoperability is still a vision and likely not happening anytime soon. However, a step towards this is to provide players benefits that play multiple games. For example, if you play one game you get benefits in another game, like currency or skins. 12/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
Overall, NFTs offer a new level of utility, benefiting both players and developers 🤜🤛 They create a new kind of economy that rewards time and effort, and offer developers new ways to monetize the game. 13/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
With @Fableborne and Pixion League we’re introducing a new level of utility for competitive gaming 🏆 Learn more about how we are innovating the space and join us now ➡️ https://t.co/kDq3X5vmxc 14/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
And tune in to the next Roundtable with @Tvalc from @playSHRAPNEL, @0xDayvee from @The_Beacon_GG, @AndyDotETH from @Stardust and @milo_bygrave from Fableborne to discuss NFT Utility! 🗓️ Thursday, 23rd Feb 🕛 5 PM UTC 📌 https://t.co/TdBM2jKXmX 15/15
— Fableborne🔺 (@fableborne) Feb 21, 2023
Will you be there too? 💭 https://t.co/MznFtMuV6P
— Fableborne🔺 (@fableborne) Feb 22, 2023
🔥 If you thought there will be no trees on fire biome islands, you are mistaken. But here's the twist... they are a bit... twisted, aren't they? 🤔 https://t.co/rawKMlfPi0
— Fableborne🔺 (@fableborne) Feb 22, 2023
Meet @milo_bygrave, our Blockchain Game Designer here at @PixionGames 🚀 With over 5 years to count across mobile, VR, PC, he is now the mastermind behind the Blockchain and NFT strategy for Fableborne. 👉 Learn about his opinion on NFT Utility and more: https://t.co/dsbHa95WPL https://t.co/itMRUHfNac
— Fableborne🔺 (@fableborne) Feb 22, 2023
We bring you some exciting news about the Fableborne Roadmap 🛠️ 😯 Phase 4 was updated and Phase 5 has been added 🚀 Read the entire overview here: https://t.co/PgSIc0wpm3 https://t.co/Xse83wkAVt
— Fableborne🔺 (@fableborne) Feb 24, 2023