The workshop will leverage existing Ethereum infrastructure like Truffle and Infura, allowing the user to deploy a fully-functional ERC721 contract that could then be launched alongside a dapp on the Ethereum mainnet. It will cover a range of tools for building robust, useful ERC721 assets, including decentralized file systems like IPFS for metadata storage, integration with marketplaces like OpenSea, interoperability with virtual worlds like Decentraland and CryptoVoxels, ERC20-compliant wrapped ERC721's, and ties to off-chain data with Oracles like ChainLink. This workshop will guide participants through the process of creating a new ERC721 contract from start to finish, with functionality beyond simple collection and trading. ERC721 has a variety of emerging use cases, including pure collectibles, game items, event tickets, naming systems, and even physical assets like real estate. We also analyze the crash risk of NFT game tokens' prices through a non-parametric value at risk analysis, which is compatible with the volatile nature of cryptocurrency prices.ERC721, a standard for non-fungible tokens pioneered by CryptoKitties, is the new standard on the block, somewhat less well understood than the more mature ERC20. Our new flip ratio could be a very useful measure of risk-opportunity analysis. Specially, we design a flip ratio that can take into account both the opportunity to flip another cryptocurrency and the risk of being flipped by another cryptocurrency. In this paper, we develop a framework for rating NFT metaverse games by considering their various risks and potential upsides through the PROMETHEE II method.
Therefore, it is vital to evaluate these metaverse games and rate them to find the most attractive investment opportunities. A lot of users consider NFT metaverse games an investment opportunity. But now every item in games is an NFT, and different NFTs have different prices.
Before that, people would pay to buy games, and there were also some in-game purchases. Non-Fungible Tokens (NFTs) took the already profitable gaming industry to a whole new level.
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