Ever evolving with new technologies, MindArk has been assessing recent blockchain developments and what they might offer to established virtual communities such as Entropia Universe. MindArk’s management team has determined that many of the recent gaming-related announcements in the blockchain space bear a lot of similarities to the experience that Entropia Universe has offered for nearly two decades, and thus large-scale integration of such technologies would not add significant value to the virtual universe experience.
There are, however, opportunities for targeted partnerships and system integrations which could extend the reach of Entropia Universe to new audiences, specifically enthusiasts of the “metaverse” and “play-to-earn” concepts that have received a lot of media attention recently. As such, MindArk has begun a collaboration with Enjin to release five unique eggs as NFTs (non-fungible tokens) on the ERC-20 Ethereum network via the beta launch of their new project, NFT.io.
Each of the five NFT eggs will provide the holder with the opportunity to become an Entropia Universe Affiliate and earn 10% rewards for any Entropia Universe avatar accounts recruited by the holder through their unique URL. These rewards will persist with the entire life of the affiliated accounts. Each egg is also associated with one of Entropia Universe’s planets, and avatar accounts recruited via the holder’s unique affiliate link will spawn on the associated planet. In addition, once Entropia Universe Unreal is launched, each of the five eggs will hatch into a unique virtual companion for the NFT holder.
It is MindArk’s view that the certificate of ownership utility that these eggs provide is an ideal use of NFT technology. Unlike purely speculative NFT sales that thrive on scarcity over function, these unique eggs provide rewards-earning opportunities over time via the holder’s affiliate account. The NFT may be sold at any time, allowing a new owner to build upon previous marketing and recruitment efforts. MindArk is confident that these unique eggs not only provide utility to the NFT owners, but offer value to the Entropia Universe community as a whole.
Additionally, as Enjin’s Efinity is released in the near future, these tokens will be tradable with significantly reduced fees on the Polkadot parachain network if the owners choose to do so.
To participate in this auction, please visit the Entropia Universe page on NFT.io linked below to learn how you may obtain these first-of-their kind NFTs when the auctions begin in August 2022.