🔺Gaming, NFTs, and Cryptocurrency

The Trifecta

NFTs and cryptocurrencies have exploded in the gaming scene, and the opportunities that they have created for gamers and creators to collaborate and mutually benefit from the creation is historical and long overdue in the opinion of the Sage Media Group team.

Crypto and the History of Gaming

Before the invention of cryptocurrency, almost without exception, all gaming asset ownership rights were retained by game developers or their parent companies. This means that characters, skins, and items, no matter how the player developed or customized them, would belong to the game developers. Thus, the developers were the only party to benefit monetarily from the interaction. Cryptocurrency and NFTs have completely revolutionized the way we look at ownership of digital assets. Moreover, they have allowed for the possibility of dedicated in-game currencies to reward players for their participation.

Cryptocurrency as "In-Game Currency"

"The amount of transactions that take place in a game world is practically incalculable." - Janitor at SageVerse L.l.c.

Cryptocurrency as game currency is not a new concept; however, it is one that is undergoing constant refinement in order to balance value, utility, and scalability. SageVerse attempts to strike that balance with:

• A multi-token economic infrastructure to create a sustainable P&E platform.

• A SageVerse NFT marketplace that incentivizes collaboration between the art community and gaming community, and utilizes market taxes to ensure game development and reinforce in-game currency value.

• Specified portions of NFT revenue being directed to game development and in-game currency value stability.

• A hybrid corporate organization that strikes a balance between the stability of a centralized content provider and the community ownership and autonomy of decentralization.

NFTs as Game Assets

With the arrival of NFTs, game assets can now be owned and even created by the player community, which allows for different kinds of gaming experiences to be explored.

• Player ownership of game assets

• Player development of game assets

• Create intelligent mechanisms for P&E infrastructure