Meta City - Gaming Technology that sells in-game asset in marketplace
Markusschwartz
Blockchain technology Blockchain technology has the potential to redefine the gaming industry through building a more transparent entertainment economy. Blockchain enables almost instantaneous payments across the world, lifting the restrictions currently on global multiplayer games. Blockchain technology — such as stablecoins — can essentially mirror any asset and are not subject to trade embargoes or other constraints. Blockchain and cryptocurrencies provide a convenient infrastructure to enable true ownership of virtual assets in video games.
What is Binance Smart Chain?
Binance Smart Chain (BSC) is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was to leave the high throughput of Binance Chain intact while introducing smart contracts into its ecosystem.
Ownership of digital asset through blockchain
Digital game items would be represented on a blockchain as non-fungible tokens (NFTs) to imbue the quality of scarcity and enable true ownership of digital assets. With crypto wallets, ownership of items is associated with a user’s wallet address on a decentralized ledger which will presumably be supported by at least thousands of nodes. Therefore, even if game developers take a game down, a player’s in-game currency and items will still remain in his or her possession.
What is NFT ?
A non-fungible token is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio and other types of digital files. These things are not interchangeable for other items because they have unique properties.
Why are NFTs Special?
The specialty of non-fungible tokens revolves round three (3) concept namely; Unique, Rare & Indivisible.
Unique: One major feature that makes NFTs special is the fact of it being unique. Unlike fungible token, each nft has its own unique properties (metadata) that are peculiar to one token. It's impossible for 2 NFTs in same platform to have same properties.
Rarity: NFTs are rare collectibles with limited supply. The scarcity mechanism is one thing that makes owning a non-fungible token special.
Indivisibility: Unlike fungible token, a non-fungible token can not be divided into smaller units. Bitcoin and other fungible assets can be split into smaller unit but non-fungible token needs to be bought, sold and held as a single unit.
NFT as in-game assets
Blockchain-enabled concept which gives players full control of their in-game assets. Players can freely deposit and withdraw items in and out of the game without restrictions. The use case of NFTs varies depending on the business model of the platform. While for the most part, it has been used to represent arts and in-game assets but its use case are not limited to arts and gaming alone. NFTs can be used to represent company shares, bonds, real estates, membership and many others.
What is Meta City?
Meta City is a First Person Shooter Game based on Binance Smart Chain. Meta City as a first-person shooter offers support for 100% ownership of in-game assets. The platform allows players to withdraw and sell their in-game assets on the secondary market, gift them as gifts to friends, bet on decentralized pools to earn Ciphi tokens, or use them as collateral under the credit protocol for use.
Where can I play Meta City?
Meta City will be available on Mobile and PC devices.
What is Ciphi token?
Ciphi is the governance and utility token of Citizen Finance. Ciphi will only have a maximum supply of 500,000
How to get Ciphi?
● LP mining
● NFT Staking
● Game Play
● Purchase
Blockchain’s use cases extend far beyond the finance industry. As more people become familiar with blockchain, they are embracing the new technology and leveraging its benefits.
In the gaming industry, the decentralized, steady and secure properties of blockchain can make it a popular tool as games — and their growing assets — become more complex.
As developers build new games or in-game advancements, blockchain is set to improve the user experience through ownership, globalization and more.
Website:https://citizenfinance.io/
Discord :https://discord.com/invite/xqNxf63sHx
Twitter:https://twitter.com/citizen_finance
Whitepaper:https://docs.citizenfinance.io/
BTT Username: Markusschwartz4
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=2899967
BEP-20 Walltet Address:0x31E01922EA75e93C950Ef2F1FBf6165700C379Fe
#citizenfinance #nft4fps #nft4XR #cifipowa #metacity #gamefi #citizens #cifi #defi #ciphi #bsc #blockchain #ownership