Non-fungible tokens
Last updated
Last updated
NFT (Non-Fungible Token) refers to a token that represents a digital asset with scarcity. NFT is based on blockchain technology, and unlike existing replicable virtual assets, it gives digital assets a separate unique value, making it possible to claim ownership and difficult to replicate.
According to the recent market report, global ICT and content companies have formed their own dedicated organizations to enter the blockchain and NFT markets to expand their businesses. Related companies are not only utilizing blockchain technology, but are also visualizing their entry into the market through the issuance of NFTs through their own IP (Intellectual Property). According to Jeffrey Investment Bank, a global investment group, the global NFT market is expected to grow to $35 billion (KRW 42 trillion) in 2022 and $80 billion (KRW 96 trillion) in 2025.
Game resources and items are mostly NFT-nized in Aqua Farm, meaning they can be sold to anyone, anywhere on marketplaces. Most assets of players are recorded on the blockchain indicating their value is preserved.
As we aim for pure decentralization, we provide the in-game marketplace to encourage the establishment of an autonomous market economy among players. Players will be able to trade their items with the right price which is set by market demand.
