The world of digital assets has received a major boost since the introduction of NFT utilities. These are now considerd an added factor – if not the primary one – of NFT investments. They have given new emphasis on the potential that NFTs have in a variety of ways. But alsoin a whole range of sectors as well. In the case of CoinGames’s Rising Legends collection, the application of NFT utilities can be applied to our platform’s game session, or simply general benefits for our users. In this article, we will:

  • Detail how Web3 projects that have introduced NFT utilities are changing the landscape surrounding digital assets, especially benefitting their users and players.
  • Give an overview of the utilities offered by CoinGames to users and investors that buy a Rising Legends NFT from the Magic Eden marketplace. Let’s kick off.

Utilities and Gaming: The Next Level of NFT Investment

NFT technology is ever-evolving, meaning the potential of digital assets is only destined to increase. NFT utilities, especially as concerns gaming applications, are already revolutionizing the sector. In the future, they could further evolve to offer additional functionalities, intertwining the gaming experience with asset benefits. This is the next level of NFT investment that CoinGames is striving for with its Rising Legends collection. Here are just some of the ways that NFT utilities are revolutionzing the Web3 space:

  • The true value of an NFT lies not simply in its investment potential, or derives from its scarcity and uniqueness. That was the digital asset world of yesterday. In today’s Web3 ecosystem, NFT utilities are increasingly becoming the real game changer in the sector. The integration of NFTs in platform functionalities, even within gameplay in some cases, is attracting new players to the sector.
  • NFT utilities will undoubtedly be more of a catch for those digital asset enthusiasts that are not simply in the game for financial compensation – although that is not excluded in this case either. Rather, fans of a platform or passionate about a certain gameplay will look to buy NFTs to enrich their experience. The fact that Web3 gaming has exploded in popularity recently – accounting for close to 50% of blockchain activity last year – means that these kinds of assets will become increasingly sought-after.
  • Some in-game advantages that these NFTs can offer include unlocking exclusive in-game content, bestowing unique abilities and maybe even particular customizations. NFTs that can be transferred from a platform/console to another will pave the way for the industry in this regard. Imagine unlocking your very own unique custom characters or skin in a game and being able to transfer it! It is precisely these sorts of benefits and utilities that will enhnace NFTs beyond simply being collectible assets.
  • On the flip side, NFTs can offer utilities such as innovative rewards, achievements and more in decentralized gambling platforms. They provide earning opportunities through actions like token airdrops, revenue share streams and other play-to-earn activities such as cashbacks. At CoinGames, the Rising Legends collection will provide exactly that, and much more! Let’s take a look.

CoinGames Utilities: A Revolutionary System

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? For more, here are the 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 portion – 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. This will lead 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. It is also your gateway 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.

For more information regarding our collection, head over to the CoinGames NFT page, or to Magic Eden to get you very iwn Rising legends piece: just remember, the collection is onlay available until June 6th at 4:00PM UTC!