Gaming NFT Marketplace

Shaan describes a marketplace for gaming assets using NFT technology that allows players to retain value and transfer items between different games. The concept addresses the current problem where gamers sink money into in-game items that become worthless when they stop playing.

Key Points:

• Current Problem:

  • Players spend money on in-game items (skins, gliders, etc.)
  • Items are locked to specific games
  • No way to recoup value when stopping play
  • Example: $350 spent on Fortnite items becomes worthless when moving to Call of Duty

• NFT Solution:

  • Items become transferable assets between games
  • Players can resell items when done playing
  • Games can plug into shared protocols allowing item transfers
  • Makes items more valuable due to multi-game usage

• Benefits:

  • Players can recoup investment when done playing
  • Items retain value across multiple games
  • Encourages more spending since items aren't a pure money sink
  • Creates interoperability between gaming platforms

• Implementation:

  • Uses defined standards for digital items
  • Allows items to move between platforms
  • Based on NFT technology for ownership verification