NFT Games Using Bitcoin and Their Future
Have you heard of Non-Fungible Token (NFT) games using Bitcoin?
The Rise of NFTs with Bitcoin
Bitcoin has long been recognized as a financial utility, but it has been out of step with the NFT market. However, according to recent data, Bitcoin has surpassed Solana in NFT sales over the past seven days, taking second place behind Ethereum.
While Bitcoin’s NFT, aka Ordinal, has been criticized by some for slowing down the network and increasing fees, its supporters argue that the technology enhances the blockchain.
Bitcoin is seen as having room for further growth due to its huge market size and the fact that all NFT data is on-chain; Bitcoin is once again attracting developers who had migrated to Bitcoin Cash and is also attracting developers from Ethereum. Bitcoin is also attracting developers from Ethereum. This shows the potential for Bitcoin NFTs to create new applications.
In addition, a stable coin called Stably USD, issued by the Web3 company Stably, facilitates Bitcoin NFTs and Ordinal transactions. This allows users to trade Ordinal more easily than using USD or other legal tender.
Satoshi’s Games and Elixir Marketplace
One of the Bitcoin-based NFT games is the Elixir Marketplace developed by Satoshi’s Games. This platform serves as an NFT marketplace for games that offer Bitcoin-based rewards to players.
Specifically, players can earn Bitcoins by playing games, and these Bitcoins can be traded instantly. In addition, all in-game items have real value and players can gift or trade these items.
Elixir Marketplace combines technologies such as the Liquid sidechain, Lightning Network, InterPlanetary File System (IPFS), and Lightning Service Authentication Tokens (LSATs). Together, these technologies allow for quick and inexpensive item transactions in Bitcoin.
The adoption of Bitcoin is strong, with Layer 2’s Lightning Network being chosen because it is more scalable than Ethereum and is perfectly suited for micro-rewards due to its immediate and near zero cost characteristics.
A game called Light Nite
Satoshi’s Games is also developing a 3D cartoon-style battle royale game called Light Nite. Players earn Bitcoin by playing the game and can acquire and purchase in-game items as NFTs or trade them on the Elixir marketplace.
The goal of Satoshi’s Games is to allow players to earn Bitcoin while playing the game. And they have released “Elixir” as a platform to do just that: the Elixir platform allows developers to publish their games and offer features such as Bitcoin micro-rewards and asset tokenization.
SUMMARY
Bitcoin NFT gaming offers a new economic model in which players are rewarded for playing games with real value. This represents part of a new gaming world in which game players can improve their skills and freely trade the resulting rewards.
※reference URL①:This Week in the Metaverse: Bitcoin ups its NFT game, surpassing Solana in weekly volume
※reference URL②:Satoshi’s Games launches Elixir Marketplace for NFTs based on Bitcoin rewards
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