The second version of NFT Awards is now right here. Digital Entertainment Asset Pte Ltd (DEA), a Singapore primarily based new-age digital leisure main has introduced the NFT Awards 2021 – an train that permits the crypto trade to acknowledge a few of the finest NFT creators and reward them for his or her contributions to the house.
The whole technique of itemizing, evaluating, and deciding on NFT Awards winners is a group train involving each trade individuals and cryptocurrency customers. The awards will likely be given to deserving crafters, artists and designers of the tokenized economies throughout a number of classes. To make NFT Awards 2021 a grand success, DEA has joined Blockchain Sport Alliance – a corporation dedicated to selling blockchain throughout the gaming trade by fostering collaboration between people and corporations to develop video games and construct communities round them.
Why is there a necessity for NFT Awards?
The current success of decentralized finance as an software of blockchain expertise is adopted by one other development – Non-Fungible Tokens (NFTs). A completely new breed of digital belongings, NFTs shares nearly all however one vital trait with standard cryptocurrencies which is the individuality of every token which makes it a super illustration of possession of digital and real-world belongings.
The preferred use of NFTs stays within the collectible and digital gaming house, popularized by CryptoKitties. Its rising reputation has flooded the market with a wide range of NFTs floated by quite a few creators, every claiming to be extra helpful than others. However in actuality, a lot of them turn into fraudulent operators in search of a fast buck on the expense of unsuspecting customers. Applications like NFT Awards act as gatekeepers to the ecosystem by educating the group about NFTs in order that they will acknowledge the belongings for what they’re value.
Like Oscars and Emmys for Movie and Tv, the NFT Awards for blockchain sector will encourage creators to create high quality belongings, resulting in the trade’s sustainable and wholesome progress.
Understanding DEA and its Involvement within the NFT Area with PlayMining
Based by Naohito Yoshida, DEA is a full-fledged digital leisure ecosystem that leverages the ability of blockchain expertise to create a data-driven economic system. The DEA ecosystem makes intensive use of NFTs to monetize digital leisure in order that each creators and shoppers are compensated for his or her efforts.
Utilizing the native DEAPcoin (DEP) token, DEA has created a revolutionary “Play and Earn” mannequin supported by companies like PlayMining and NFT Market by DEP. Launched final yr, PlayMining is a digital content material platform that enables customers to earn DEP and purchase NFTs by taking part in video games or studying Manga. In the meantime, the NFT Market by DEP permits sport builders, NFT creators and NFT holders to checklist their digital belongings on the market or public sale.
PlayMiners, because the gamers on the PlayMining platform are recognized, can use the DEP mined by studying Manga or taking part in video games to buy NFTs that give them enhance or particular powers inside their sport of alternative. Alternatively, they will buy DEP from any of the supported exchanges like Bittrex, Bithumb World, OKEx, Digifinex, and so on., to purchase sport belongings or NFTs instantly from the platform. In lower than a yr, DEA has acquired over 750,00 customers and is predicted to hit the 1 million mark within the coming months.
DEA believes that the following stage of progress within the digital leisure trade might be achieved solely by altering the prevailing guidelines. Utilizing blockchain expertise makes digital content material universally accessible whereas encouraging participation by compensating customers with digital belongings that can be utilized within the ecosystem and the actual world. NFTs are the essential components that make it potential. By recognizing the true worth of NFTs and their position, NFT Awards will assist DEA lengthen its imaginative and prescient past its ecosystem to incorporate the whole trade phase.
What to Count on from the NFT Awards 2021?
The earlier version of the NFT Awards was acquired with nice enthusiasm attracting a whole bunch of nominations from the group. The entries had been voted upon by the general public and judged by who’s who from the leisure trade together with the likes of Nicolas Pouard of Ubisoft Blockchain Initiative, Nobuyuki Idei – former CEO and Chairman of Sony Company, Shigeki Morimoto – the sport designer behind Pokémon Sequence and extra.
Ultimately, deserving entries acquired awards below 10 totally different classes
- NFT of the 12 months
- Finest Utility NFT
- Finest Artwork NFT
- Finest Gaming NFT
- Finest Charity NFT
- Most Precious NFT
- Most Traded NFT
- Most Revolutionary NFT
- Folks’s Alternative Award
- Adoption Potential Award
This yr, DEA expects participation to extend many folds because the NFT market continues to broaden quickly. Many digital belongings have grabbed the headlines previously few months, with celebrities and tech moguls becoming a member of the sport. If the current public sale of Jack Dorsey’s first tweet for $2.9 million or the NFT model of digital artist Beeple’s artwork promoting for $69 million on Christie’s is any indication, then NFT Awards 2021 goes to be an intense, shut competitors.
DEA will quickly announce the vital dates for NFT Awards 2021.