The rise of NFTs has sparked a revolution in gaming, offering players unprecedented ownership and monetization opportunities for their in-game assets.
So what does NFTs bring to the gaming world?
NFTs, or Non-Fungible Tokens, are revolutionizing the gaming industry by providing players with a new level of ownership, creativity, and profit potential for their in-game assets. In the past, players were limited to simply owning virtual items that held no real-world value. But with NFTs, players can now own unique, one-of-a-kind digital items that can be bought, sold, and traded just like physical assets. This means that players can truly invest in their in-game assets and potentially earn a profit by trading them on NFT marketplaces.
NFTs also provide a new level of creativity for game developers, who can now create more unique and valuable in-game items that players can collect and trade. This has led to a new era of gaming where players can truly own their in-game items, rather than just renting them from the game developer.
Why did Orivium choose Arbitrum?
One of the biggest challenges facing NFTs and play-to-earn is ensuring fair and secure ownership of in-game assets. However, with the transparent and immutable nature of blockchain technology, solutions like Arbitrum are emerging to provide a trusted and secure platform for players to truly own and profit from their in-game assets.
Arbitrum’s revolutionary rollup technology allows for near-instant transaction finality and throughput capacity of up to 4,000 transactions per second, providing an unparalleled level of speed and efficiency for our play-to-earn platform.
- Innovative rollup technology that enables nearly instant transactions and processing capacity of up to 4,000 transactions per second. Ensuring seamless gameplay without delays.
- Extremely low transaction fees, allowing players to participate in the game and earn rewards without incurring high costs.
- Superior security through interoperability with Ethereum, which enables developers to create reliable and secure smart contracts for their NFT game.
- High scalability that allows NFT games to grow and adapt as the community expands and new players join the platform.
- Robust ecosystem with support for a wide range of DeFi protocols and tools, allowing for greater flexibility in game design and reward mechanisms.
- Compatibility with popular development frameworks like Truffle, enabling developers to quickly and easily build and deploy NFT games on the platform.
- Backed by a strong team of experienced developers and industry experts, ensuring ongoing innovation and advancement of the platform.
Orivium’s Core Mechanics
We believe NFTs should need to be renewed over time to incentivize players to get rid of their NFTs regularly. This will also drive up the value of old NFTs because they will get rarer over time, as players try to keep up with the rate of emission of new NFTs.
Fusing and upgrading NFTs will burn the lower tier ones, allowing players to upgrade their NFTs and increasing the value of older NFTs for collectors. Fusing NFTs also comes at a risk due to the possibility of failure which will furthermore deflate them.
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Arbitrum’s Offchain Labs Aggregator simplifies the NFT process and removes distractions, allowing players to fully immerse themselves in the game world. By significantly reducing gas fees and speeding up transactions, players can focus on the core activities of exploring, collecting, battling, and earning rewards without being interrupted by constant transactional costs.
Future of orivium
Orivium is still under development and is anticipated to release in Q3 2023. Although some game mechanics may evolve over time, we are confident that the integration of Arbitrum will be a key factor in the success of Orivium.
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