In order to truly understand the potential of NFTs, both in terms of benefits and investment, it is important to first focus on how the technology behind digital assets has made them such an in-demand property. Obviously, different NFTs will have different benefits and different investment potentials, determined by how much value a specific piece or collection has. Buyers can get a number of great advantages when investing in these tokenized assets. This is especially true when you consider buying one from a brands’ collection – like CoinGames – which gives you a number of utilities in addition to investment advantages. In this article, we’ll take a look at

  • How the technology behind the creation and tokenization of digital assets has given them massive value in the Web3 ecosystem and beyond
  • What the true investment potential of an NFT is, especially when considering a piece from a collection like CoinGames’s Rising Legends

NFTs: How Technology Leads to Value

An important aspect of digital assets to discuss is their creative process, or minting. After being minted on a blockchain NFTs can thereafter be traded and exchanged for money, cryptocurrencies or even other NFTs, depending on the overall value of the specific asset. But minting is not the only aspect that gives an NFT its value.

  • NFTs can basically be described as unique cryptographic assets that are tokenized and exist on a blockchain. Tokenization is the process by which a real thing – in this case a piece of art – is uniquely digitalized on a blockchain, therefore making it one-of-a-kind and ownable solely online.
  • The process of tokenization is therefore what gives “life” to digital artwork, or any other asset, like writing or sound. However, it is also what gives a particular digital asset its value, and can facilitate its proliferation. Tokenizing a physical asset can streamline sales process and remove intermediaries.
  • The process eliminates the need, for example, of employing art agencies or dealers. It democratizes the sales process by making the asset available to anyone, allowing sellers, firms and Web3 projects therefore to connect directly with their audience.
  • The second phase that gives an NFT its value is called minting. This process basically encrypts the asset ‘s information on a blockchain, depending where the creator or project is selling their collection. During the minting process, the ownership of the NFT is also established. In fact, the buyer will need a wallet compatible with the chain on which the NFT is being sold on by the marketplace in order to mint their asset.
  • These are the technical aspects that make NFT creation and proliferation possible. The real value of an NFT, like any other digital asset, is dictated by individuality (how unique a piece is compared to others) and scarcity (how many similar assets are available on the market).

Investment Potential and Beyond: Why NFTs Are Worth It

Investment in NFTs, like any other asset, is dictated by market trends and overall tendencies. However, unlike many other assets, there are a number of additional factors you should consider. One of these is utilities. Differently from other investment opportunities – done solely for financial benefits – utilities linked to NFTs can give the owner a number of advantages that other assets cannot. That is precisely the revolutionary aspect that CoinGames has introduced with its Rising Legends collection.

  • While the NFT market has been quite volatile in past years, especially in 2022 and the early stages of 2023, the market has in recent months witnessed explosive growths once again. Investing in NFTs still very much offers the potential for significant returns, especially for early adopters and collectors of rare assets.
  • Obviously, as with any other asset, there can be risks involved. It is therefore important for a potential buyer to get to know a project and carry out research before buying. Choosing the right NFT platform is also important. There are no doubts that Magic Eden marketplace is currently leading the way in the sector. It is the world’s number one NFT marketplace using the Solana blockchain. It has now grown its market share to 95% of the Solana NFT ecosystem. We are proud to have the opportunity to showcase CoinGames’s Rising Legends collection on their platform!
  • As mentioned, the advantage of owning an NFT extends well beyond just investment potential as a digital asset. The co-founder of investment group Zenza Capital recently said that “NFTs are extending their utility beyond digital art into sectors like gaming, real estate, and digital identity, showcasing their potential for sustainable investment opportunities.” We could not agree more.

Consider the functionality of your NFT: those with added utilities may offer more significant long-term potential for investors. Why simply invest in an NFT when you can have certifiable advantages through the utilities offered by a platform by simply owning a piece from their collection? To give you more details, here is a list of utilities and benefits you can expect when buying a CoinGames NFT on Magic Eden:

  1. Revenue Share: We are proud to introduce a revolutionary approach to reward our dedicated NFT buyers and community. As a result, we’ve decided that a significant protion – 10% – of our casino’s Net Gaming Revenue (NGR), will be earmarked for direct redistribution to our esteemed NFT holders.
  2. Staking: Earn while you hold! This is an entirely new benefit that no centralized platform can guarantee. By decentralizating our casino, we’re able to offer our users this amazing perk: here’s how it works. Holders of our exclusive NFTs can enjoy the unique ability of staking these digital assets and therefore earn tokens passively. Essentially, the more NFTs you hold, the greater your staking power, leading to enhanced token rewards that will fuel your crypto gaming adventures.
  3. VIP and Loyalty: Here’s another unique benefit linked to our decentralized platform’s collection. Each NFT in our collection isn’t just a unique piece of digital art, but also your gatweay to different levels of prestige in our Loyalty and VIP System. For example, if you hold a “King” NFT, you’ll automatically ascend to the highest level in our casino’s system and automatically become one of our esteemed VIPs. In other words, the rarer your NFT, the better your loyalty rank will be!
  4. Exclusive Previews and Promotions: As our NFT holder, you’re at the forefront of decentralized innovation in the gaming sector. Therefore we will offer you exclusive access to sneak peeks and early previews of new slots we will be implementing on our casino before they are actually released. You’ll also be eligible to participate to exclusive tournaments and contests tailor-made for our amazing NFT community, with unparalleled prizes at stake. In addition, you’ll be able to receive exclusive promotions such as enhanced odds on many sport events and markets, as well as unique deposit bonuses and much more yet to discover.

The processes of tokenization and minting are the roots of NFT existence. Their real-life value derives from uniqueness and scarcity, like many other asset classes that people look to invest in. And while investing in NFTs is a worthwhile effort, it is not always a surefire success. The real reasons why you should buy a CoinGames NFT lay in the unique advantages offered by the platform, ranging from loyalty rank increases to revenue share streams and much more. These are concrete beneficial returns that you will receive no matter what, and you can’t really say the same for any other investment now can you?

If you are interested in buying a CoinGames NFT, make sure to head to Magic Eden upon the public launch of CoinGames’s Rising Legends collection at 4:00PM UTC on June 5th!

Join the craze on Magic Eden at 4:00PM UTC on June 5th!