Reneverse.io: The Ultimate Protocol To Tokenize And Monetize Your In-game Digital Assets
NFTs are the hottest entity in the crypto and blockchain space right now. From being touted as the latest tech speculation and just one…
NFTs are the hottest entity in the crypto and blockchain space right now. From being touted as the latest tech speculation and just one another crypto fad to becoming one of the most coveted solutions for the digital asset, It indeed has completely changed the value proposition for digital arts and assets.
NFTs are selling at crazy prices. Who would have thought that simple NFT jpeg file would go on to sell for $69 million? With that kind of money flying around, you could be forgiven for thinking NFTs to be just one another fad that is destined to crash and burn real soon.
If you are that sort of NFT skeptic, here is a crypto project that will change your mind, and if you dig deeper into its ecosystem and its core fundamentals, it may even blow your mind. Reneverse.io is an infrastructure project, an all-in-one, cost-effective gaming-focused platform that empowers game developers to integrate and deploy cross-game in-game assets. A true NFT issuance platform, a platform that provides an end-to-end solution for traditional game developers willing to bring their game on-chain.
For gamers, Reneverse unlocks limitless possibilities, from bringing P2E core functionalities into the gaming to providing them with the DeFi goodness. Reneverse hands the control over gaming assets to the gamers, which could be minted into NFTs, staked, rented, and even sold as NFTs in the Rene marketplace. So how do NFTs tie into the video game market, you might think? Let’s decipher that puzzle in the upcoming sections.
Gain Control Over Your Assets With Reneverse
Okay, let’s first understand how gamers can have true control over their hard-earned assets. Think about a top-rated game like World of Warcraft; this game mainly has two objectives- Survive and get epic loot. The loot consists of assets like special weapons or mythical armors; these assets are extremely rare and give the gamers special abilities or boost the character score within the game.
With Reneverse, all these in-game items could be issued to players as NFTs and allow the players actually to own them as a blockchain asset. A gaming asset that is on-chain and truly belongs to you, free from developers’ control. Pretty great deal, right? The idea is quite disruptive and potentially can revolutionize the traditional gaming space.
Here’s a tweet highlighting our major USP directed towards gamers-
You Cant Be Deplatformed, If Your Game Is Decentralized
Taking forward the example of World of Warcraft, think about Blizzard, the entity that owns World Of Warcraft. Gamers’ hard-earned gaming assets within the game reside on their centralized databases. The horrific truth is that Blizzard has the power to shut any gamers account and deplatform them, making those special items inaccessible for lifetime. Items that might have taken hundreds of hours to earn. Pretty exasperating stuff, right?
Reneverse takes this issue head-on and addresses it with its sleek and cutting-edge protocol. The protocol mitigates the control of developers and gaming studios over the assets of the gamers. The protocol envisages pushing the current gaming scenario towards an exciting interoperable future of gaming. How? Read the next section.
Pursue The Excellence, With Interoperable Gaming Powered By Reneverse
One of the glaring limitations of traditional gaming is the special game items that remain trapped in a walled garden with no value outside of the game. The gaming economy is an ever-expanding universe, and there is a new and shiny game popping out each day. This leads to a dwindling player base over time. Consequently, that brings down the demand for the special item over time, which means they depreciate in value.
However, if those games had those special in-game items issued as Rene NFTs, then those items could be transferred from one game to another, or they could be traded. This consequently gives rise to the open gaming ecosystem, which is basically the opposite of the old walled garden. This perfect vision of an open gaming ecosystem is best showcased by Rene Interoperable metaverse, which connects different gaming worlds together and allows characters to level up and use these in-game items across multiple games.
Radical stuff, Indeed.
What’s In For Game Developers And Gaming Studios?
Owing to the advantages mentioned above and the drift in the interests of gamers towards the P2E as well as P2O( Play-To-Own) model, it becomes paramount for the game developers to address their outdated business model and adopt the new gaming economy.
Reneverse essentially offers a toolkit to help these game developers integrate blockchain gaming into their games. NFT dabblers can mint their own NFTs seamlessly using the Rene NFT port. One of the neat features for game developers offered by Reneverse is the ability to earn automated revenue. These game developers get automatically paid the royalty amount whenever players trade Rene minted digital assets on Reneverse. This aggregated revenue could pile to large numbers for game developers considering the positive wind for NFTs and the P2E gaming model in the current scenario.
Closing Thought
As traditional gaming is rapidly being engulfed by new P2E and blockchain gaming, Reneverse is on its course to provide a robust and reliable solution for gamers and game developers with its technology. Reneverse is uniquely positioned at the convergence point of the sound economic model and reliable tech stack. Built on the ethos of decentralization, Reneverse is setting up to make some significant inroads into the future of independent and interoperable gaming.
Want to know about the protocol more? Here is our project Whitepaper.
We have a very dynamic gaming community in various digital spaces. Make sure you join us or drop a line to our Team. We would be excited to hear from you.