What Are Interactive NFTs and How Web3 Game ArchLoot Unleashes Their Potential

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What Are Interactive NFTs and How Web3 Game ArchLoot Unleashes Their Potential

September 19
19:36 2022
Gamefi is about to change the narrative with a forecasted growth of 74.2 billion dollars by 2031

September 19th, 2022 – Singapore – GameFi has continued to thrive during the crypto winter and is forecasted to reach a $74.2 billion valuation by the year 2031. This booming land is not yet full of delivered promises. NFT games are facing blunts as many virtual worlds are building dreamy visions without a tangible product people can try out. There are also game veterans who side with some influential criticisms for NFTgaming’s focus on making money instead of enjoyment. The way toward a premium web3 game seems to be needing some better practices. 

Here come new gaming strategies and technical setups.  

NFTs, as an evolutionary method to entitle gamers to the best level of autonomy, should add some gamer-friendly attributes to themselves during the transition to GameFi 2.0. An innovative element that captivates GameFi players is the support for user-generated content (UGC). In the 2021 BGA survey, 47% of respondents ranked creativity and gameplay among the top reasons why they liked GameFi. The web3 world is not only meant to allow games to engage users with different tastes but also encourages creativity among players in an autonomous environment where assets can be created, listed and traded publicly. 

ArchLoot has expanded this idea to a broader sense. The BNB Chain GameFi project has now enabled a fully borderless UGC journey through the integration of interactive NFTs. 

When recalling renowned RPGs, including big names like Diablos, Mir4, Dungeon Fighters, or World of Warcraft, players are able to level up, reforge, re-roll, and enchant their gears. This creates a strong sense of participation and belonging, which would be contributing to the user royalties in the long term. ArchLoot preserves the authenticity of an RPG while adding a decentralized spirit to lift the flavour. 

The technology made possible by EIP-4985 and BEP-129 fully enables on-chain implementation of upgradeable characters and props NFTs. Enhancing the features of Loot, these new noun-fungible digital assets embody distinguished features. 

Gaming NFTs naturally have attributes that are related to in-game mechanisms, and in this case, all attributes are logged on chain in an SVG form. Instead of using descriptive words, as the Loot protocol did, interactive NFTs adopt the form of digits and numbers to represent everything, which significantly lower the barrier to cross-ecosystem interoperability. Updates to the attributes of the NFT in numbers are also gas efficient. 

An even better part of interactive NFTs is that they enable user modifications with validation. Protected by a treasure contract, every piece of metadata will be logged on-chain when an NFT goes into the marketplace. Gamers’ efforts and creations can directly add value to their assets in a frictionless manner. Materials they use to enhance a part, and resources (including in-game gold and also tokens) they pooled into a part, are all redeemable in the future. 

Jonathan Ubavicius, CEO of ArchLoot, said as a former Web2 game veteran, “Gaming is one of the most popular sources of entertainment and is only expanding. At inception, our project is designed to indulge players in an adventurous world without any limitation to their creations. Interactive NFTs are not only interactive but also interoperable. In ArchLoot, you’re able to advance to top levels with talents and be notably rewarded by doing so.”

The project has recently finished its second phase of the Closed Beta Test, attracting over 3,000 candidates across 20 countries and regions. With an expanding ecosystem and community, the team is now enhancing the details of the game, the official marketplaces, and more envisioned exciting plans to make the journey of interactive NFTs appealing more than ever. 

About ArchLoot 

Launched in 2022, ArchLoot is an NFT-based UGC game with loot-style composability and playability. Built on BNB Chain, it provides the first interactive gameplay in the industry, which fully enables on-chain implementation of upgradeable characters/props NFTs and unleashes its potential for playability and user-generated content robustness. The game intends to build an ecosystem, including a great game and a creative community, that truly achieves a balance between playability, accessibility, and profitability. 

Gathering talents from the world’s leading gaming publisher, blockchain projects, and financial elites, the team now has 40 experienced members and is currently operating across continents. The project has expanded its network of investors and collaborations, including Binance NFT, FBG Capital, Alphabet, and YGG SEA to keep fully funded operations and deliver milestone objectives.

Official website: www.archloot.com

News contact: [email protected]

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Company Name: Greenlabzmedia
Contact Person: Casey Imafidon
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Country: United Kingdom
Website: www.archloot.com

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