Tokenizing the Future: NFTs, Composability, and Possibilities

So, this piece is basically the result of a chat I had with Haural, the CEO of Axxon Network.

You know how the gaming industry is always ahead of the curve when it comes to new tech, right?

But here's the thing, NFTs in gaming, it's like this big enigma for most gamers out there. When folks hear "NFTs," they often think about those quirky digital artworks and those weird-looking monkeys hanging out on the blockchain, bought and sold like hotcakes. Yeah, NFTs can be a cool way to make some cash but trust me, it's not as simple as it sounds. They're a bit like real estate - not exactly easy to turn into cold, hard cash once the initial hype fades. And that's one reason why NFTs sometimes get a bad rap, with folks saying stuff like "NFTs are dead."

Now, into the gamer world. Until recently, all your in-game stuff and memories were basically stuck in specific games. You play WorldCraft, and your digital loot stays put there. The same goes for Call of Duty - your gaming gear is a prisoner of that game's world. This was how things rolled in "old-school" gaming. And when the game studio called it quits, that was it - game over for your beloved characters and gear.

Web3 games want to fix this, but here's the kicker: lots of gaming NFTs become totally useless if the game's developers throw in the towel. Why? Well, mainly because many game characters can't hop from one game to another. Take Decentraland, CryptoKitties, and The Sandbox, for example. They're all under the Animoca umbrella, but the characters aren’t interoperable. These characters are like neighbors who live on different streets, or in this case, different worlds or even blockchains. To really win over traditional gamers, we've got to figure out how to make these digital folks more neighborly.

So, where do we go from here?

We brainstormed for a while, tossing around some fancy ideas, but you know what? Sometimes, simple is just better. Game developers should focus on making games that can easily connect with each other. Easy peasy! Imagine being able to use your Shoguns in different game worlds. Cool, right?

Now, when we talk about owning assets in games, it shouldn't end with just having them. Players should be free to move their digital assets between different games. Picture this: you've put tons of time and heart into crafting a special character. You'd think twice about letting it go if you could take it to other games, wouldn't you?

Getting Creative

Let's shift gears here. So, Haural, who used to be a total GTA V freak, used carbon fiber for his car's roof and bonnet. He says it made his ride look slicker and faster. I haven't tried it myself, but as a trained mechanical engineer who knows a thing or two about materials and cars, I can vouch for this. Carbon fiber is way better than some of the materials usually used in making cars. It makes the car lighter, which means less drag force and more speed.

Composable NFTs

Now, imagine if you could own not just the whole car in GTA, but also the individual parts - the roof, fenders, steering wheel, tires, you name it. That's exactly what composability with NFTs lets you do.

With these composable NFTs, gamers can own different pieces of a character or in-game items and mix and match them however they want. It's like giving your game gear a personal touch. Pretty cool, in my opinion.

Ownership isn't just about having something; it's about having the freedom to do whatever you want with it. Composability is a big part of making that happen. Think about it - you could move a slick haircut from one game to another, or your character's rad outfit, or even a set of tires or a custom-made supercar from one game to another. This is how we can truly have a digital identity and ownership.

And here's another wild idea: imagine owning a piece of land in a digital world, but it's tied to real-world property. You could invest in land you've never seen, like a futuristic island in Dubai linked to a virtual world. Buying the digital version gives you rights to the real estate. Plus, you could share ownership with others.

And we could bring this stuff into game worlds to make them even more exciting and vibrant. If you've seen "Ready Player One," you'll get what we mean. It's like having a life and identity in a world created by games.

Actually, we’ve got this whole vision of a digital city that's way different from what we see today. It's like a city governed by a DAO council. If you own a piece of that city, you get a governance token. It's a whole new way to run a city. And it's something we'd love to work on, God willing.

So, in a nutshell, we're looking at some pretty mind-blowing possibilities in the world of gaming and NFTs. Let's make it happen! 🚀