- Using blockchain technology, Big Time appears to be competing with Axie Infinity and other such games
- The project has SPACE NFTs, and a token that it says can be earned by playing the game
- NFTs of projects like BAYC and CryptoPunks have sold for very high prices in the recent past
Non-fungible tokens (NFTs) seem to be competing with crypto assets. A few NFTs of the project titled CryptoPunks have sold for millions of dollars each, and those of Beeple’s have also commanded a high price in auctions.
Platforms like OpenSea are enabling trade in NFTs, and some NFT marketplaces like Rarible have their own native cryptocurrencies. NFTs are usually a part of blockchain-based gaming projects, for example, the Axie creatures of the Axie Infinity (AXS) game are digital assets tradable on OpenSea. In 2021, one more blockchain game, titled Big Time, launched. Let’s know more about its NFT features.
Does Big Time have NFTs?
Big Time projects itself as a role-playing game (RPG). Having a fictional setting, it may be considered as a metaverse.
The game includes multiple weapons and time machines, which can be personalized by gamers. It announced the sale of its SPACE NFTs in December last year. SPACE, the project states, represents virtual land on Big Time’s metaverse.
These NFTs, Big Time claims, enable gamers to access new features like extra rooms. The game also has VIP passes to be purchased by users.
Does Big Time have a crypto?
A blog post dating back to November 2021 on the game’s website talks about the Big Time game’s token. It states that this crypto token can be earned by gamers by engaging in tasks like combating. The Big Time token, it further claims, can enable the purchase of the game’s NFTs.
Difference between crypto and NFTs
NFTs are so named because each such token has certain unique features that place it apart from others. This makes the token “non-fungible.” Cryptos, on the other hand, are fungible, meaning all tokens of a particular crypto project, for example, each ETH of Ethereum will share common characteristics.
NFTs can be traded like cryptocurrencies, and now exchanges like Binance have also launched special marketplaces for NFT trades. Some of the other popular NFT marketplaces include SuperRare, Rarible, and OpenSea.
A few projects also enable users to mint new NFTs. It is notable that the first tweet of Jack Dorsey was also sold as an NFT, with the trade done in the ETH cryptocurrency.
The Big Time gaming crypto is yet to be listed on platforms like CoinMarketCap. For now, it is claimed that the token can be mostly earned by gamers by engaging in quests.
Big Time also has NFTs linked to virtual land, which it has named SPACE. These attributes make it comparable to metaverses like The Sandbox, and Decentraland.
Some critics worry that NFTs may be overpriced. What becomes of metaverses and NFTs in the long run is a wait-and-watch game right now.
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