Comprehensive interpretation of NFT application scenarios

We believe that NFTs give players true ownership of game assets, disintermediate game players’ asset transactions, and seamlessly transfer and use them across multiple games. Game data is securely stored on the chain, and the game code is open source, allowing players to be creative and create game rules. In the future, the degree of decentralization of encrypted games will be more thorough, and there will be more high-quality public chains dedicated to game development.

landing application scenarios

(1) Encrypted game — the earliest landing attempt, one of the main applications of NFT

We believe that NFTs give players true ownership of game assets, disintermediate game players’ asset transactions, and seamlessly transfer and use them across multiple games. Game data is securely stored on the chain, and the game code is open source, allowing players to be creative and create game rules. In the future, the degree of decentralization of encrypted games will be more thorough, and there will be more high-quality public chains dedicated to game development.

(2) Encryption art — the most suitable application for NFT

We believe that the market for encrypted artworks can bring economic benefits that traditional systems cannot. Through smart contracts, the historical transaction information of artworks, including senders, exhibition records, and sales and purchase records, is completely open and transparent, which greatly reduces the transaction costs of artworks.

And the creator also has the ownership of the artwork in essence, and the artist can also obtain secondary sales compensation through provable programming. NFT-anchored artworks are scarce and unique, and it is this scarcity that drives people’s demand for artworks.

(3) Social tokens — one of the most potential incremental markets for NFT in the future

We believe that social tokens embody the connotation of Web3.0 peer-to-peer transmission, which will help reduce creators’ dependence on centralized platforms, increase the liquidity and monetization ability of creative works, and truly realize the binding of creators and rights. Compared with physical assets on the chain, the value capture of native assets in such Internet communities will be higher. At present, people have only touched the shallow potential of social tokens, and social tokens may become one of the most potential incremental markets for NFTs in the future.

About Pacific

Pacific is a decentralized NFT marketplace and an integrated platform for metaverse/GameFi assets. The project has received endorsement from some of the most eminent institutions and investors, including the Web3.0 Foundation, NGC, Gate.io, Krypital Group, PAKA, Candaq etc.

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