What are NFTs?
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 of the same value. Non-fungible assets have distinct characteristics and cannot be exchanged. A house or a picture with unique attributes, qualities, and characteristics is an example of a non-fungible asset. The original painting can be photographed or printed, but there will only ever be one original painting.
Each NFT has its own digital signature. NFTs are typically purchased with the cryptocurrency Ether or with US dollars. A blockchain is a digital ledger that keeps track of all NFT transactions. Through a unique method, digital things like photographs, films, music, text, and even tweets can be converted into NFTs.
The authors of digital artwork and other assets have the ability to “tokenize” them. They do this 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 many economists 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 own status digitally tokenized.
The Cricket NFT game
On Wednesday, 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 business. It stated that the game’s website would be released on Wednesday. “After that, cricket fans and NFT collectors can begin putting their names on the waiting list.”
On GuardianLink’s NFT marketplace, Jump.trade, the company has launched the world’s first P2E cricket game.
“Watching cricket in India has always been a treat for any buff, especially lately, with the new formats,” said Ramkumar Subramaniam, co-founder, and CEO of GuardianLink. We 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. “
He went on to say that the company also wants to build India’s first cricket metaverse. Users can play for free or make money, depending on their end aim, which could 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 largest cricket fandom nations, as well as from around the world, according to the business.
Since 2016, GuardianLink.io has been a leader in NFT technologies, with roots in the blockchain community. It created the Anti-Rip and Wallet. One of the earliest frameworks of the legitimacy protocol for the NFT ecosystem was built by Cipher Technologies for the NFT world.