Do you know what NFT is?  Discover the service that has been reshaping the gaming market

Do you know what NFT is? Discover the service that has been reshaping the gaming market

for lovers of universe of players, there is a new service that has been offering unique experiences. he called NFTthey are irreplaceable tokens which allow the user appropriate a given virtual space. There is a way to own a match or championship NBA and interact directly with athletes. To understand.

O player market it is increasingly in the spotlight. Today, people see gambling as a profession and make a fortune in addition to having fun. O NFT emerges as a type of investment in this segment, functioning as a kind of virtual currency.

Then check out an exclusive interview with Gláucio Borges, Ambassador of NFTexperience in Brazil, which tells you in detail what NFT is and how it works. Follow:

What is NFT?

NFTs, or non-expendable tokens, are irreplaceable tokens. To better understand this, let’s first talk about the word “fungible”. According to the Oxford Dictionary, the word fungible means something that can be replaced by something else of the same type, quality, quantity, and value. That is, bitcoin, as a fungible token, means that it can be exchanged for another bitcoin, as it has the same value. It is an interchangeable testimony. But there is a class of tokens that cannot be exchanged with each other because they are unique. These are the NFTs. In addition to being unique, they are scarce, collectible, and issued in the blog chain to register your property.

How can the Token be used in a simple and objective way?

NFTs are digital collectibles with the guarantee of exclusivity due to the blockchain. Today it is possible to have a collection of digital figurines with the certainty of identifying the originality. And it goes beyond the image. The NBA, for example, has released a collection of NFT video special game formats. The collector can buy ownership of the video and the right to watch it, and no one else will have that access. And because they are special plays, these videos can even gain value over time, and the owner of the video will be able to sell this NFT for much more than the purchase price.

What is the NFT scenario in Brazil?

Brazil has matured a lot on the blockchain relationship. But there is still a long way to go to educate the applications of this technology to the general public. I think the high adoption of NFT was due to the players. Play-to-earn turned into a fever and as Brazil is one of the leaders in this market, we were quickly able to see the growth of NFT users. But NFT goes far beyond games. We have seen that there are several applications in the segment and soon these applications will be in the daily life of Brazilians.

How do companies deal with NFT and can it benefit their consumers?

Companies in different industries are looking to create applications with NFT to enhance their customer experience. Some Atlético Mineiro football clubs, for example, have created limited collectible cards to bring the experience of the physical football player’s sticker album to the digital world. It is a way for the club to have more monetization and, at the same time, generate the involvement of its fans.

How can NFT be used in people’s daily lives?

It depends on the application. Players, for example, purchase special items from games and exchange them with each other. In the case of football, there is the rare figure bias that increases in value over time. But let’s take an example of an artist and how NFT allowed him a new form of monetization. The artist creates a digital art and records his art in the blockchain, proving that he owns it. From here, you can sell this art right to anyone. Anyone wishing to use the artwork will pay royalties to the art owner. And that also applies to musicians who can register the authorship of their music on the blog chain and receive copyright from Spotify, for example.

How can small businesses use NFT?

I think new applications will still emerge to benefit small businesses. But with existing apps, we’re already seeing small businesses expand, such as small game studios, or even unknown music artists benefiting from NFT. But I want to briefly mention an interesting case in the United States. In order not to declare the business bankrupt, two partners decided to create a collection of figures and put them up for sale on OpenSea, the largest commercial platform for NFTs. It was a different form of “kitten.” They managed to raise a few thousand dollars and save the business.

Why is NFT valued?

One of the reasons is the issue of exclusivity. NFT guarantees this unique identity of a digital asset. But there are many other factors that generate this appreciation, such as the hype behind an NFT, or the spirit of the fans, with this feeling of owning something unique to your idol.

Why do companies offer NFT shopping experiences?

To date, NFTs provide digital experiences. And this opens up a great opportunity for NFT to offer experiences in the physical world as well. NFT Experience, for example, has become a pioneer in this niche. With the acquisition of an NFT, the holder becomes eligible to compete in experience travel, as well as joining a club where various more experiences will be made in both the digital and physical worlds.

Is it possible to make investments with NFT?

Certainly. The design behind NFT is what defines its value over time. As mentioned above, an investor can buy various works of art and earn royalties for their use. And, in the case of the NFT Experience project, the NFT becomes a desirable passport for an exclusive club. Only NFT owners will have access to this world of experience. Holders will then be able to sell to others for a price higher than the purchase price. And as the fame of the NFT experience grows, this passport becomes more expensive.

Eduarda Andrade

Maria Eduarda Andrade has a master’s degree in language sciences from the Catholic University of Pernambuco, a degree in Journalism from the same institution. As a researcher, she works in the area of ​​public policy, creative economics and linguistics, focusing on critical discourse analysis. In the labor market, he worked in print media, being a reporter for Diario de Pernambuco, as well as advising national brands such as Devassa, Heineken, Algar Telecom and Grupo Pão de Açúcar. He is currently writing FDR portalwhere he accumulates years of experience and research on popular economy and social rights.

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