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Fridge magnets, cups, t-shirts, and posters: everyone wants a souvenir from the most memorable events and trips. Gamers are no different. Like sports fans, you want to relive the greatest moments in gameplay history. You want to watch highlights, listen to interviews, and read analyses. Well, at SkillzVault, you’ll get all this and more.
Created in partnership with ESE Entertainment, the eGaming talent show lets gamers level up with BTCV’s event-themed Non-fungible Tokens (NFTs).
Non-fungible Tokens
NFTs represent unique digital assets. They are not interchangeable. As such, they are ideal for artists, musicians, and authors. Years of piracy and sharing made life hard for entrepreneurs. Thankfully, NFTs give them more control over their intellectual property. Marketplaces like OpenSea and SuperRare connect buyers and sellers of every kind of collectable.
From healthcare to transportation, NFTs are transforming a variety of industries. But some of the more interesting developments can be found in eGaming.
eGaming NFTs
Cryptocurrencies are revolutionizing in-game purchases. In the past, the economies of games were imaginary. Players were rewarded with fictional coins that only had value within the game. But times are changing. Developers have begun building in-game stores that only accept cryptocurrency. This means gamers can now convert in-game achievements to coins with real value.
NFTs make it possible to tokenize modified characters, vehicles, weaponry, and attire. Since many of these tokens sell for extraordinary sums, they open competitive eGaming to a whole new dimension. Just look at some of the prices people are willing to pay for in-game content:
Massively multiplayer online (MMO) role-player game RuneScape once offered players Christmas crackers. Inside were some blue party hats. They can no longer be found within the game. But users still trade them. If you want to buy one today, it will cost you USD 2,000. But this is just a drop in the ocean when compared to other in-game sales.
Counter-Strike is a first-person shooter game. Players arm themselves with the most effective weapons for different combat scenarios. But does it matter what the weapon looks like? Apparently, it does. One player paid over USD 61,000 for a skin for an AWP Dragon Lore sniper rifle.
Made by Swedish software company, MindArk, Entropia is an MMO game converting energy to profit. Two purchases stand out. First, one cosmophile bought the moon for USD 150,000. And then Virtual Worlds paid USD 6 million for the planet Calypso. Now that’s out of this world.
The industry’s greatest gamers are climbing the platforms of profitability. And the fans have never been so satisfied. eGaming merchandise is booming. Sponsorship is at an all-time high. And events have never been so lucrative.
SkillzVault: Where Worlds Collide
From July 28 to November 21, gamers and influencers in five countries will meet to compete for gamer fame and prizes. Events will take place in Brazil, China, Japan, South Korea, and Vietnam. Each of the five participating countries will receive BTCV worth USD 6,000. But this is only scratching the surface. Another USD 5,000 minimum goes into a global prize pool. But if this is the minimum, what’s the maximum?
The truth is that this is up to you, the SkillzVault community. You can all increase the global prize pool by snatching yourself a keepsake. SkillzVault enthusiasts will get the chance to purchase some of BTCV’s first ever NFTs. Tokens range in price from USD 20 to USD 500, depending on the asset. Ten percent of every token sold goes into the prize pool.
So, what do you get? Well, SkillzVault NFTs will take the following forms: game screenshots, photos of influencers in action, gameplay clips from PlayerUnknown’s Battleground and Peacekeeper Elite, characters, tutorials, and lots more.
How to Buy the NFTs
BTCV’s NFTs are BEP-1155 tokens. This is one of Binance Smart Chain’s token standards. One benefit of BEP-1155 tokens is that minting costs are cheaper than Ethereum NFTs. These savings help the platform thrive.
SkillzVault enthusiasts can buy these NFTs from AirNFTs, a marketplace built on BSC. To buy a token, simply transfer the required amount of Binance Coin (BNB). The NFTs get delivered to your wallet. AirNFTs recommends using the following wallets: Metamask, Trust Wallet, TokenPocket.
This is a win-win for everyone involved. Followers of influencers get a memento. Gamers get the funds to enter future competitions and perhaps become full-time professionals. These NFTs are a great first step into the market. Moreover, every unique asset has great potential. Like pieces of art, they get traded as their value increases. BTCV could even consider buy-backs in the future.
A Wealth of Choice
In the traditional world of art, an artist’s work becomes more valuable after the first high-profile sale. It’s the same deal for the creators of NFTs. As such, you will quickly become familiar with a few names. Two artists appear more than once on the following list of sales compiled by Binance.com.
If you are in any doubt as to the value of NTFs in today’s marketplace, you are going to want to see this.
Better known as Beeple, Mike Winkelmann sold his piece “Everydays: The First 5000 Days” for an amazing USD 69.3 million. Sold at auction by Christie’s in 2021, the piece became the most expensive NFT in history. Moreover, it is one of the most expensive pieces of art by a living artist. Beeple is a recurring name in NFT sales.
Larva Labs’ Matt Hall and John Watkinson are also familiar names in the world of NFTs. Their CryptoPunks series is highly sought after. Number 3100 sold for USD 7.58 million, which is quite an achievement for the two-person team. But as you are about to find out, this NFT is only a fraction of their success.
Number three on Binance’s list is another piece from Matt Hall and John Watkinson. This rather refined character sold for USD 7.57 million in February of 2021.
Now back to the record-breaker, Beeple. This time, a piece of political commentary by the artist sold for USD 6.6 million – a paltry sum compared to The First 5000 Days.
This final entry from the Larva Labs due was purchased for ETH 2.250, which at the time was over USD 5.44 million. These quirky little characters are providing a steady stream of riches for the studio.
All too often, the proceeds from art sales line the pockets of private individuals. But this sale is different. Showing the face of Edward Snowden amongst pages of a historic US Appeals Court decision, this sale helped to finance the Freedom of the Press Foundation. It sold for USD 5.4 million.
This popular internet meme of a Shiba Inu dog became infamous when it was bought for ETH 1696.9. At the time, this sale was worth USD 4 million. Kabosu (the dog’s name) inspired the creation of Dogecoin and became as famous as Lassie in June of 2021.
Creator of the most popular social media platforms in recent times, Jack Dorsey, recently sold an NFT of his first-ever tweet. Twitter has helped to spread the news of NFT sales. Now, NFTs are helping Twitter’s creator add to his retirement fund. The tweet sold for USD 2.9 million.
See You There!
Don’t worry if you’re not a resident of one of the five participating countries. The events will be streamed worldwide on the following platforms: afreecaTV, Instagram, Mildom, TikTok (Douyin in China), Twitch, Twitter, and YouTube.
Regular updates and reminders will be posted to the following pages:
Facebook: https://www.facebook.com/bitcoinvaultofficial
Instagram: https://www.instagram.com/btcv_global
Twitter: https://twitter.com/VaultBitcoin