According to sources at SBWire, Plutus is a program that will make the integration of in-game currency and item trading much easier for developers. The program called Plutus by Cardana will give gaming developers another option for monetizing their game with Blockchain and NFTs.
What is Plutus NFT, and what will it do for gamers?
Plutus NFT will integrate cryptocurrency into the gaming world, which will enable community access to the assets created within blockchain like NFTs to be transition among various games. The program will also allow developers to mint, disperse, and run transactions for smart NFTs. That process could facilitate the negotiation and trading of in-game resources, including currency and items. On top of that, they’ll implement a native token to allow the community to buy and sell NFTs in the open marketplace.
If you’ve never heard of Plutus by Cardana, don’t feel bad. There are still many people in the dark about what it does. Just know that the makers of this program seek to extend the arm of trading, blockchain, and NFTs to gamers worldwide.
What problem will Plutus NFT solve?
Gamers in this generation are growing more and more comfortable with additional purchases beyond the initial cost of the game. With the ever-growing prevalence of DLC, in-app and in-game purchases, the acceptance of spending money in video games has become the norm.
However, the developers of Plutus NFT have outlined an inherent problem with this model. For corporations, this is a perfect service because they never have to expend any resources beyond producing the in-game currencies and items. However, this can be taxing for the consumer for several reasons.
Recently, companies like Epic Games, Activision Blizzard, and many more have been catching fire for implementing loot boxes and other randomized “spin-to-win” types of in-game item delivery methods. Because you cannot control what items you get, you can spend hundreds or even thousands of dollars before the stuff you want to populate.
There have even been tests done by YouTubers who have exposed malicious manipulation of item generators coded to these purchases. It’s unhealthy for many gamers, especially those who are not privy to questionable tactics companies use to take advantage of their players.
Plutus NFT won’t completely take away the potentially problematic gambling issue in systems like loot boxes and other randomized purchasing delivery methods. However, if players are allowed to trade rewards with other players who might be interested in what others earned from their spending, there can be some value in “spinning to win.”
Divestment is the opposite of investment. When you purchase digital products, there is usually zero potential to see a return on that. Some people have accepted the lifestyle habit of not buying any liabilities that can never bring assets or become the asset itself.
In-game currency and items – as tempting and rewarding as they can be to buy – will never give you any money back. They don’t earn anything, and the ownership lasts as long as the game’s servers, meaning you don’t ever own anything you purchase in video games.
With Plutus NFT and programs alike, gamers and developers will have the opportunity to create investment economies from their games’ digital products and services.
As mentioned above, the Plutus NFT program will be accessible to developers. It will allow them to create economical ecosystems in their game that transcends the bounds of their digital presence. NFT, blockchain and other investment concepts will be able to stretch from game to game, meaning things like in-game currency, items, and even external resources like cryptocurrency will be negotiable from players across the globe and in any game that has integrated the program.
Why is Plutus NFT relevant?
Well, consider this: the world’s economic standing is becoming more digitized by the day. Cryptocurrency has taken the world by storm. There are popular ones like Bitcoin and Dogecoin. However, unpopular cryptocurrencies are being produced every day. Most of them are balloons, and you should negotiate them with extreme caution, but it doesn’t change the fact that digital currency and trading it becoming the new norm.
More and more people accept it in all fields of life, and as the gaming world’s connection and technological advances push us forward, it’s becoming time for gamers to get their piece of the pie. Games that you play every day will have a system like this integrated into their game. Cardana understands this and is trying to get in front of gaming’s inevitable movement towards NFT trading integration.
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