๐Role of NFTs in Akarun
Non-Fungible Tokens (NFTs) play a central role in the Akarun ecosystem, offering players true digital ownership and unique opportunities to engage with the game in innovative ways. Hereโs how NFTs are integrated into Akarun and the benefits they provide to players:
True Digital Ownership
In Akarun, NFTs represent in-game assets such as Akarunners (characters) and tracks. Each NFT is unique and cannot be replicated, providing players with true digital ownership of their in-game assets. This ownership allows players to trade, sell, or hold their NFTs, much like physical collectibles or assets in traditional markets. As an NFT owner, you effectively own a piece of the Akarun game and earn rewards whenever your NFTs are used in the game.
Collectible Nature
While NFTs in Akarun enhance the visual appeal and diversity of the game, they do not provide any active in-game advantages to players. Players do not need to purchase NFTs to participate in the game. This design choice ensures that the game remains accessible to a broader audience, as players can enjoy a smooth and barrier-free user experience without the necessity of buying NFTs. Every graphical element in Akarun, including tracks and Akarunners, has an on-chain counterpart, ensuring that the game's entire ecosystem is backed by blockchain technology. This approach encourages mass adoption by not requiring players to make any initial investments to start playing.
Earning Potential
Owning NFTs in Akarun provides the opportunity to earn passive income:
Participation Rewards: Whenever an NFT (Akarunner or track) is used in a run, the owner of that NFT earns a fixed percentage of the rewards from that run. Specifically, NFTs collectively earn 0.6% of the total rewards from each run, divided into shares of 0.2% for each NFT involved. Each run includes three NFTs: two Akarunners and one track. The total value of the reward varies depending on the total AKA tokens staked in the run. For example, if the total value of a run is $100, the reward for the NFT owners is higher compared to a run with a total value of $10.
Marketplace Transactions: Players can buy, sell, and trade NFTs on supported marketplaces. This creates opportunities for NFT holders to profit from their investments as the value of their NFTs appreciates over time. By participating in marketplace transactions, NFT holders can leverage the dynamic and competitive nature of Akarun to maximize their earnings.
Integration with Other Communities
Akarunโs NFT system is designed to integrate with various token communities, both existing and future, fostering engagement and competition among different groups. Here's how Akarun achieves this integration and the benefits it provides:
Unique NFTs for Each Token - In Akarun, each NFT is unique and represents a specific crypto. For instance, there is only one NFT for Doge, one for MEME, and so on. This uniqueness makes these NFTs highly desirable for the communities associated with those tokens, as owning the NFT for their token grants significant rewards.
Community Competition for Ownership - External token communities have a vested interest in acquiring the NFT that represents their specific token. The reason is simple: the owner of the NFT receives rewards every time their NFT is used in the game. For example, if the SHIBA community uses the SHIBA Akarunner frequently in the game, the owner of the SHIBA NFT earns rewards from each run. This dynamic creates an interesting competitive environment where different communities may vie for ownership of their respective NFTs. The more a community uses their Akarunner, the more valuable the NFT becomes, driving up its demand and market value.
Increased Value through Community Participation - As communities actively participate in Akarun, the NFTs representing their tokens can see significant increases in value. The more a specific Akarunner is used, the more rewards it generates for its owner, making it a highly sought-after asset. This competitive dynamic encourages communities to invest in their respective NFTs, further enhancing the game's ecosystem and increasing overall engagement.
Cross-Community Engagement - By allowing any listed token to be used in the game, Akarun facilitates interaction between different cryptocurrency communities. This cross-community engagement brings new players into the Akarun ecosystem, benefiting AKA token holders and NFT owners. It also creates a platform for communities to showcase their tokens, increasing their visibility and appeal.
Launch Platform for New Projects - Akarun can serve as a launch platform for new cryptocurrency projects, providing them with exposure and engagement through the gameโs existing player base. By integrating new tokens into the game and creating unique NFTs for them, Akarun offers a unique promotional tool for new projects.
Reward Distribution - Rewards paid to both NFT holders and wallets holding gAKA are always and exclusively paid in AKA tokens. If holders wish to compound their rewards, they need to wrap their AKA tokens into gAKA tokens, thus earning additional benefits from active governance participation.
Akarunโs integration with other communities through its unique NFT system creates a dynamic and engaging environment. By offering true digital ownership and competitive incentives, Akarun fosters a vibrant ecosystem where token communities actively participate and compete for valuable in-game assets. This integration not only enhances the gaming experience but also provides significant benefits and opportunities for NFT holders.
Governance Participation
NFT holders do not automatically have the right to participate in the governance of Akarun DAO. To participate, NFT holders must wrap the AKA tokens they receive as rewards into gAKA tokens. Once they have gAKA tokens, they gain voting rights and can influence key decisions regarding the gameโs development and policies. Additionally, gAKA holders earn a share of the proceeds from every run, further rewarding their active participation in the governance of Akarun DAO.
Reward Distribution
Rewards paid to both NFT holders and wallets holding gAKA are always and exclusively paid in AKA tokens. If holders wish to compound their rewards, they need to wrap their AKA tokens into gAKA tokens, thus earning additional benefits from active governance participation.
Conclusion
NFTs are a cornerstone of the Akarun ecosystem, providing players with true digital ownership, enhancing gameplay, and offering multiple avenues for earning potential. By integrating NFTs, Akarun creates a dynamic, engaging, and financially rewarding experience for players, while fostering a vibrant, decentralized gaming community.
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