“October 1, the global esports firm TSM FTX announced the launch of the organization’s first-ever non-fungible token (NFT) collection in partnership with the Solana blockchain-based NFT game Aurory.
TSM FTX Collaborates With Solana and Serum-Powered Blockchain Game Aurory
During the first week of June, FTX Trading Limited, revealed the crypto company inked a naming rights deal with the U.S. professional esports organization TSM for $210 million. The announcement said that the crypto firm would rename the esports organization “TSM FTX,” and the two companies would collaborate in a multi-year partnership arrangement.
On Friday, TSM FTX explained the company is launching the organization’s first-ever NFT collection. The NFTs were crafted by aurory.io. The Aurory game is similar to the blockchain-powered game Axie Infinity but leverages the Solana blockchain and Serum, a decentralized exchange (dex) built on Solana.
“Aurory is a JRPG computer game where people will evolve in a rich and diverse universe,” the game’s website details. “In this world, you will discover Antik and Cryptos, two different areas and biomes. You will meet several NPCs and the mystical creatures that are living in this world, called Nefties. Throughout your journey, you will own Nefties and use them to fight in awesome battles.”
TSM FTX Drops 4 NFT ‘Aurorians’
TSM FTX dropped four individual NFTs dubbed “Aurorians” and each one is wearing TSM merchandise like the 2017 LCS-winning jersey. There’s also a new 2021 version that features the TSM FTX logo, the announcement details.
“These exclusive avatars have multiple functions both in and out of the game,” TSM FTX explains. “Including acting as a player’s visual identity, allowing owners early access to play future game modes before they are made public, exclusive access to special modes and rewards, and much more.”
TSM FTX fans can also enter to win one of the exclusive NFT avatars and the firm says the remainder of the tokens will be auctioned at a later date. Concluding, TSM FTX says that the blockchain game Aurory aligns with TSM FTX’s “vision for the future.” Bitcoin.com
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
“The NFT market is expected to reach $1.3 billion by the end of 2021, with over 5.3 million sales to date. Here’s how to buy, sell and create these assets.
“NFTs have become one of the hottest crypto trends of 2021, with overall sales up 55% already since 2020, from $250 million to $389 million. Here’s how you can create, purchase and sell these popular digitals assets.
Non-fungible tokens (NFTs), which are unique collectible crypto assets, have been around as early as 2012 when the concept of Bitcoin Colored Coins first emerged. These coins were simply satoshis – small fractions of a bitcoin– marked, or “colored in” with distinct information that could link the coins to real-world assets, such as “this satoshi represents $500 of John Doe’s New York office building.” For the most part, however, Colored Coins were used to create and trade artwork like “Rare Pepe” digital cards on Counterparty, a peer-to-peer trading platform built on top of Bitcoin’s blockchain.
These cartoon frog images adapted from a viral internet meme were some of the earliest examples of unique digital artwork tied to crypto tokens. This paved the way for the ideation and creation of new non-fungible token standards – a set of blockchain building blocks that allow developers to create their own NFTs.”
How to create NFTs
Creating your own NFT artwork, whether it be a GIF or an image, is a relatively straightforward process and doesn’t require extensive knowledge of the crypto industry. NFT artwork can also be used to create collectibles like sets of digital cards.
Before you start, you will need to decide on which blockchain you want to issue your NFTs. Ethereum is currently the leading blockchain service for NFT issuance. However, there is a range of other blockchains that are becoming increasingly popular, including:
Binance Smart Chain
Flow by Dapper Labs
nce you have these, there are a number of NFT-centric platforms that allow you to connect your wallet and upload your chosen image or file that you want to turn into an NFT.
It was late July of 2017 when I first wrote about Custom Coins—blockchain tokens that can represent ownership of unique assets.
These days, they’re called NFTs.
It took four years for non-fungible tokens (NFTs) to go from an obscure digital asset known only to the most passionate of blockchain enthusiasts, to a powerful new technology fueling an emerging, multi-billion dollar industry.
Now, almost everyone you know has likely heard about NFTs in one context or another.
While it may seem like NFTs have taken over the world by storm, we’ve just barely scratched the surface.
NFTs of today are incredibly limited.
Extensive technical knowledge needed. Deep pockets to pay transactions fees. Poorly integrated marketplaces, wallets, and development platforms. Crawling network speeds.
All of this, combined with antiquated, inflexible technology, has limited the potential use cases and posed challenges to companies and individuals looking to get involved with this tech.
To tackle these barriers head-on and make NFTs truly usable by everyone, we’re crafting a next-generation blockchain called Efinity.
Powered by its native token EFI, we believe Efinity will evolve the way billions of people own, use, perceive, and trade physical and digital assets in all aspects of their lives.
Here are three ways Efinity’s unique features will transform NFTs.
How Efinity Will Transform NFTs
1. Open Ecosystem: Place offers on any NFT, anywhere—and get rewarded.
Efinity will power a global digital trading experience like no other.
Efinity’s offer mechanism enables you to create transparent, fair, accurate pricing for all NFTs. You can placer offers on assets listed on any NFT marketplace powered by Efinity—or on an NFT that’s not even listed for sale, like one you run into in an Efinity-powered game, app or website.
Because any NFT from any blockchain can be easily transferred to Efinity, you can even place offers on NFTs that exist on other networks.
To incentivize offers, the highest (un-filled) offer on any asset is systematically rewarded through network rebates.
Here’s an example: Imagine you discover a website where users can turn their actual, physical cars into Ethereum-based NFTs, in order to showcase or sell them. There’s a beautiful antique car that you want—but it’s not for sale.
You can head to a marketplace powered by Efinity, place an offer on that car’s NFT, and start getting automatically rewarded for placing the first and highest offer. The owner will be notified, and if the price is right, he’ll sell you the car.
If your offer is too low, and the owner is not interested, you’ll still be rewarded with network rebates—unless someone else places a higher offer.
Sooner or later, the right, fair price for the car will be organically determined, and the owner will finally sell his car.
Put simply, Efinity’s offer mechanism gives you the power to purchase and trade any blockchain-based digital or physical asset, regardless of what chain or project it originates from.“
2. Recipes: Create and modify NFTs without coding.
Efinity enables and incentivizes businesses to reward their loyal users and customers via a new blockchain feature called Recipes. Recipes allow anyone to modify existing NFTs, or create new NFTs of their own.
Anyone who has a copy of a recipe can execute it on Efinity without any coding experience.
For example, let’s say that Hyperspeed Pictures decided to use Efinity as part of their marketing campaign for an upcoming Superhero Co. movie, in order to boost movie ticket and merchandise sales.
Hyperspeed could partner with major cinemas to reward you for watching the movie, embedding each ticket with a unique QR code that, when scanned, rewards you with an NFT.
The same process would work for merchandise sales: everything from action figures to clothing could feature a QR code.
A reward recipe could be activated as soon as you have collected NFTs from the movie tickets and merch you purchased. The reward: a new NFT that unlocks a rare playable character in a Superhero Co. MMO game.
3. Governance: Influence the future of Efinity.
“Democracy is a poor system; the only thing that can be said for it is that it’s eight times as good as any other method.”― Robert A. Heinlein
Efinity features a genuinely democratic, transparent governance system—a feature we strongly believe will help fuel a tsunami of innovative network modifications and upgrades.
When you join the network and hold EFI, you are eligible to propose and vote on how the network itself operates.
If you look at how representative democracy currently works (at least in theory), you vote for the party that best represents your views on specific propositions. With Efinity, all members vote directly on the propositions. In addition, Efinity’s built-in mechanisms allow the network’s democracy to work fairly by incentivizing every user to contribute to its operations.
Votes on Efinity are actually counted, registered on the blockchain, and automatically verified as authentic.
Proposals can pass (by majority vote) and be integrated into the chain, or be rejected. In the rare event of a tie, the proposal is tossed out.
NFTs Should Be for Everyone
As an open, affordable, and fast solution, Efinity is designed to make NFTs accessible and usable for everyone.
Other blockchains can be built on top of Efinity, allowing people to take advantage of each network’s unique benefits and features.
Through Efinity, it will only cost a few pennies to mint a hundred million digital assets, unlocking the possibility to bring NFTs to billions of people—essentially anyone with an internet connection.
While other blockchains are being bogged down by slow processing times, tens of millions of digital assets can be minted on Efinity in one transaction, providing a better experience for users, and wider applications for developers.
Fees on Efinity are designed to stay in the background; you don’t even need a blockchain wallet. A unique feature called Fuel Tanks will also allow companies and creators to subsidize fees for their users, making it easy for everyday people to interact with the network.
Earlier this year, we made a promise to dedicate ourselves to the advancement of eco-friendly blockchain products. We are a proud member of the Crypto Climate Accord and United Nations Global Compact, and also recently launched a carbon-negative blockchain, JumpNet.
In line with this environmental mission, Efinity is designed to make transactions carbon-neutral.
Efinity’s underlying tech is specifically built to maintain low energy consumption, forever. As a Proof of Stake (PoS) blockchain governed by 1,000 nodes, it will consume 85% less energy than Ethereum.
This means that no matter how many people join our network, its carbon footprint will never increase.
Over the past four years, we’ve been working hard to actualize our vision of a new era for digital ownership for everyone.
While we’ve been busy solving the most critical issues in blockchain, we’ve also connected opportunity with creativity, enjoyment with utility, and ownership with transparency.
The next step? Bringing it all to Efinity, and beyond.” Enjin
“We’re excited to announce that Memenopoly — The meme themed yield generating blockchain game — has integrated Chainlink Verifiable Random Function (VRF) on the Binance Smart Chain mainnet. By integrating Chainlink’s industry-leading decentralized oracle network, we now have access to a tamper-proof and auditable source of randomness needed to provide fair and transparent game play, as well as randomizing our NFT distribution. Ultimately this creates a more exciting, transparent, and fraud-proof gaming experience for our users and builds trust within the community.
Memenopoly is an evolution in gamified yield generation that combines the best of traditional yield farming, NFT yield farming and unique 3D gameplay to reward players with both instant and passive rewards. With NFTs at the core, players collect and stake properties to earn daily yields and collect rent from other players by rolling at least once a day. With token burns built into the game on a contract level and leveraging the power of Chainlink VRF, we set out to achieve our goal of releasing a transparent, fair and fun experience that pushes the limits of what’s been done so far on the blockchain!”
“In order to ensure each roll is fair and each NFT chosen is truly random, we need access to a secure random number generator (RNG) that any user could independently audit. However, RNG solutions for smart contracts require several security considerations to prevent manipulation and ensure system integrity. For instance, RNG solutions using on-chain data like block hashes can be exploited by blockchain miners, while off-chain RNG solutions like traditional data providers are opaque and don’t provide users with definitive proof about the integrity of the process.
After reviewing various solutions, we selected Chainlink VRF because it’s based on cutting-edge academic research, supported by Chainlink’s time-tested oracle infrastructure, and secured through the generation and on-chain verification of cryptographic proofs that guarantee the integrity of each random number supplied to smart contracts.
Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random number and a cryptographic proof. The Memenopoly smart contract will only accept the random number input if it has a valid cryptographic proof, and the cryptographic proof can only be generated if the VRF process is tamper-proof. This provides our users with automated and verifiable assurances directly on-chain that Memenopoly is provably fair and cannot be tampered with by the oracle, outside entities, or the Memenopoly team.” Memenopoly
“Horizon Blockchain Games is — as the name implies — a company building games on the blockchain, along with tools to help others do the same.
The company announced today that it has raised another $4.5 million, bringing its total raised to a little over $13 million.
Horizon’s first game is Skyweaver, a competitive digital trading card game that taps the blockchain to give players more realistic ownership of their virtual cards. Once earned through competition with other players, cards can be sold, traded or taken out of the system and put in storage.
Horizon is working down two paths in parallel here: On one path, they’re building an Ethereum-powered platform called Arcadeum for handling in-game items — establishing who owns any specific instance of an item, and allowing that item to be verifiably traded, sold or given from player to player. Once an item is in a player’s possession, it’s theirs to use, trade or sell as they please; Horizon can’t just take it away. In time, they’ll open up this platform for other developers to build upon.
On the other path, the company is building out its own game — a digital trading card game called SkyWeaver — meant to thrive in its own right while simultaneously showcasing the platform.
“Arcadeum” mentioned above has now been rebranded as “Sequence,” an easy-to-integrate wallet system that aims to hand-wave away the complexities of the blockchain. They want to let users buy and store their digital goods on the blockchain without either the user or an app’s developer really having to think about the blockchain. Horizon co-founder Michael Sanders tells me the rebranding comes with an overall broadening of its focus; the “Arcade” in “Arcadeum” suggested it was all about gaming, whereas the aim is to help manage all kinds of digital items, from virtual gaming goods to NFT art and beyond.
The Horizon team often mentions being built to support “Web3,” a term I’ve been hearing more and more lately. In short (or, at least, as best I understand it), Web3 is a category of online-but-decentralized apps, services and games built around the blockchain (Ethereum, in this case) to give individual users more control of their data. The Ethereum foundation has a breakdown of the concept here.
A match in Skyweaver. Image Credits: Horizon Blockchain Games
Horizon originally intended to open Skyweaver up more broadly in 2020; as of this morning it’s still in private beta, with plans to open widely later this year. Sanders tells me they’ve let in over 66,000 players so far.
The company says that investors in this round (a “pre-Series A round SAFE”) include CMT Digital, The Xchange Company, BITKRAFT Ventures, Khaled Verjee and Zyshan Kaba.” TechCrunch