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January 8, 2024· Advances in electronic commerce (AEC) book series/Advances in electronic commerce series
book-chapter

Non-Fungible Tokens (NFTs)

Authors:Sam MethuselahVishal SinghNeel RavalVedant BisenAdrika TamulySisira MondretiPrince AttriG. Rohith

Abstract

Non-fungible tokens (NFTs) are digital assets that represent ownership of a particular item or can represent in-game items or virtual real estate. They are exclusive and limited in quantity, and their ability to be modified and controlled is what makes digital assets so valuable. The objective of the initiative is to develop interactive and immersive gaming experiences by utilizing the unique capabilities of NFTs. This concept is made possible through the use of smart contracts, which decentralize the ownership of NFTs and increase their desirability. The endeavor entails the creation of two online games employing NFTs. “Obstacle Assault” is a side-scrolling game in which players guide a character through obstacles and adversaries to reach the level&s;s conclusion. The game will use NFTs to depict weapons, armor, and power-ups that can be purchased and used to improve the player&s;s character. “Turtle Sidestep” is a puzzle game in which players must guide a turtle through a succession of obstacles in order to reach the level&s;s conclusion. NFTs will be used to depict virtual real estate in this game, allowing players to purchase and own specific locations within the game world.

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