Otters n' Frens: Evolution
Otters n' Frens: Evolution
Aug 19, 2022 - Aug 26, 2022
Blockchain: Solana Solana

Otters n' Frens is a unique gaming Non-Fungible Token (NFT) that is making its way into both the metaverse and the free-to-play (F2P) gaming industry. Players will be able to fully interact with all Mutant Otters within the Metaverse. Furthermore, Otter owners will earn passive revenue from F2P games through our staking platform, and also receive a share of revenue through our royalty distribution mechanism.

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Explanation of the Key Terms

NFTs

NFTs, or non-fungible tokens, have gained significant attention in recent years due to their ability to represent unique digital assets such as artwork, music, and even tweets. NFTs are created using blockchain technology, which allows for the creation of a unique digital certificate of ownership that cannot be duplicated or counterfeited. This means that NFTs can be used to prove ownership and authenticity of digital assets, which has led to a surge in interest and investment in the NFT market.

Metaverse

Metaverse is a term used to describe a virtual world where users can interact with each other and with digital objects in a shared environment. This concept has gained traction in recent years as technology has advanced, and virtual reality has become more accessible. The Metaverse has been envisioned as a place where people can work, socialize, and play in a virtual space. Some companies are already working on creating their version of the Metaverse, and it is expected to become a significant part of the future of the internet. However, there are also concerns about privacy, security, and the potential for addiction in a fully immersive virtual world.

F2P

F2P, or free-to-play, is a business model for video games where the game is offered for free, but players can purchase in-game items or upgrades with real money. This model has become increasingly popular in recent years, with many games adopting this approach. The benefit of F2P is that it allows players to try the game without having to pay upfront, and the developers can monetize the game through microtransactions. This model has proven to be successful for many games, but it has also been criticized for encouraging players to spend more money than they would on a traditional pay-to-play game.

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