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  • NFTs by XWG

     Japo_Japo updated 3 weeks, 2 days ago 1 Member · 1 Post
  • Japo_Japo

    Member
    September 22, 2021 at 7:26 am

    One asset class that is causing excitement is non-fungible tokens (NFT). These digital assets are immutable and exchangeable, offering a store of value and potentially a source of revenue. Creators around the world are flocking to platforms to stake their claims in this new ecosystem.

    One such up-and-coming platform is X World Games (XWG), a decentralized gaming ecosystem built on the Binance Smart Chain and Ethereum. Players and creators can obtain X World Games (XWG) tokens through a variety of innovative games. The first game launched on the platform is Dream Card, which offers digital, collectible and customizable characters and NFTs that can be traded with XWG tokens.

    It might seem a grandiose claim to link the fundamental rebuilding of the global financial system to the emergence of blockchain gaming assets. But the truth is decentralized finance (DeFi) systems – in which individuals can create, trade and monetize digital assets of their own making – is a radical departure from the analogue systems of wages, bank accounts, personal debt and credit scores. And while we are at the very early stages of this revolution, there are precedents that show how it could evolve.

    The next article in this series will look at how the NFT craze has strong similarities to earlier alternative class assets such as financial derivatives. As in these asset classes, if you can fully understand the systems, the biases and incentives at work, there are ways to make strong cumulative trading gains from the NFT metaverse.

    Most relevant is that by participating in an operational platform at the heart of the NFT metaverse, the risk of adverse price moves is reduced. It’s the equivalent of having your own stock market, asset platform or even selling picks and shovels to gold prospectors during a gold rush.

    The novelty of these developments means there will be bumps along the way. But the opportunity is there now, as never before for individuals to join in the building of the new financial architecture – one that is strong enough to withstand the forces of VUCA.

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