On the 23rd of March, GuardianLink announced the launch of the world’s first non-fungible token (NFT) cricket game. The first-of-its-kind game, which is available on Android, iOS, and PC, is community-driven and allows players to monetize their time and efforts, according to the representative. It stated that the game’s official webpage would be released on Wednesday. After that, sports fans and NFT collectors can begin putting their names on the waiting list.
The group has introduced the world’s first P2E cricket game on their own platform called Jump.trade.
Watching cricket in India has always been a treat for any fan, especially lately, with the new formats, said Ramkumar Subramaniam, co-founder, and CEO of GuardianLink. He stated that they believe that now is the right time to announce the debut of India’s first NFT cricket game, which will be a one-of-a-kind offering for any cricket fan.
Subramaniam went on to say that the business also wants to build India’s first cricket metaverse. Users can play for free or make money, depending on their end aim, which can be pure entertainment or passive income.
The multiplayer game is expected to attract the attention and support of NFT, gaming, and cricket fans from India, one of the world’s biggest cricket fandom countries. It is also expected to attract the same interest from around the world, according to the CEO.
Since 2016, the Singapore company has been a leader in NFT technologies. This is credit to their foundation in the blockchain community. Anti-Rip and Wallet were created by it. One of the earliest frameworks of Legitimacy protocol for the NFT ecosystem was built by Cipher technologies for the NFT world.
So, what exactly is NFT in layman’s language?
Fungible assets are assets that can be easily swapped. Take, for example, money notes. A Rs 10 note can be exchanged for two Rs 5 notes with the same value.
Non-fungible assets have distinct characteristics and are not possible to be exchanged. A house or a picture with unique attributes, qualities, and characteristics are examples of non-fungible assets. The original painting can be photographed or printed, but there will only ever be one original piece.
Each NFT has its own digital signature. These tokens are typically purchased with the cryptocurrency Ether or with US dollars. A blockchain is a digital ledger that maintains track of all NFT transactions. Through a special method, digital things like photographs, films, music, text, and even tweets can be converted into this form of digital token.
The authors of digital artwork and other assets have the choice and ability to tokenize them. This can be done by establishing a one-of-a-kind digital certificate and a digital signature of ownership, resulting in NFTs. They’ll sell it digitally afterward.
Despite the fact that the majority of people with a finance background do not believe it has a long-term future, many people believe NFTs are the way to own properties and other assets in the future. According to NFT proponents, all types of properties will have their ownership digitally tokenized.