Many of you have quizzed about Seascape Network's NFTs.
Does Seascape Have NFTs?
How To Acquire these NFTs?. and so on
This article is enriched with all the answers you seek.
For the sake of clarity, let's begin by defining NFTs.
What are NFTs?
NFT stands for non-fungible token, a digital token that's a type of cryptocurrency, much like Bitcoin or Ethereum. But unlike a standard coin in the Bitcoin blockchain, an NFT is unique and can't be exchanged like-for-like (hence, non-fungible).
Put more aptly, An NFT is in essence, is a collectible digital asset, which holds value as a form of cryptocurrency. NFTs are defined by their uniqueness, indestructibility, and verifiability, among other traits. This means that they are always able to be traced back to their origin on smart contracts, operate within a specific ecosystem, and exist permanently. For these reasons, to date they’ve acted largely as digital analogs of collector’s items, serving functions as diverse as Decentraland’s virtual real estate.
The ability of an NFT file to store extra information elevates it above pure currency and this makes it special.
Essentially, NFTs are like any other physical collector's item, but instead of receiving an oil painting on canvas to hang on your wall, for example, you get a JPG file.
NFTs are typically collected, bought, sold, and traded, which has proved extraordinarily profitable in some cases. (Right now, the most expensive NFT in the world is a CryptoKitty worth over USD 1 million.)
Now, where were we?
Scapes are Seascape's homegrown NFTs.
Scapes serve functions similar to traditional NFTs and make great collector’s items. With their top-notch art and graphics as well as quirky humor.
scapes take on a life of their own and they can function as actual finance assets.
Scapes serve functions similar to traditional NFTs and make great collector’s items. With their top-notch art and graphics as well as quirky humor, they take on a life of their own. What makes them special is that aside from this, they can function as actual finance assets. Seascape’s approach to making NFTs a truly vital part of the DeFi economy is to ensure that they generate profit for their holders.
Scapes can be gotten in one of two ways:
(i) from the Seascape Network official platform’s DeFi games, or
(ii) acquired on Opensea.
The process here is simple. Once you’ve got your MetaMask wallet set up, and have sufficient ETH, you can participate in auctions and direct purchases, trades, and sales.
Scapes have a name and personality, reflected in the character description on Opensea. They also have a quality that pertains to their rarity, which affects their worth in the market.
New Scapes can be minted in Seascape DeFi games, and staked for increased rewards. Future generations of Scapes can be collateralized to take out debt or rented out for variable rates. All this in addition to their creation and usage within games designed for the network. Scapes can be collected and leveled up, lent out, and accrue interest.
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