How Skill Tokens & Rental Mechanics are available in Web3 gaming with the help of Smart NFTs
UNITBOX DAO and ENVELOP will be discussing some new progress in their collaboration with a hard focus on how smart NFTs enable skill tokens and rental mechanics in Web3 gaming.
UNITBOX Protocol is the first NFT rental protocol for P2E based on a revenue sharing or Rent-To-Earn model (https://unitbox.io/).
Guests: Paul Padalka - Lead Business Development Manager, Unitbox Alex Shedogubov - ENVELOP (NIFTSY), co-founder & CEO
Timecodes: 00:00 opening remarks 01:55 Unitbox progress, partnerships and community growth 06:00 NFT renting markets overview 09:45 how wrapping protocol made NFT renting easier if compared with EIP standards 12:20 value proposition of NFT renting for NFT owners, games, guilds and scholars 18:50 why games and players may need skill tokens 24:20 what opportunities do skill tokens provide in Web3 26:25 how NFT wrapping protocol modifies skill tokens UX 28:05 skill tokens value proposition for gaming markets 32:00 ENVELOP has launched Christmas launchpad 34:00 closing remarks
@DEUSCRYPTO , FYI - these are use-cases of the wrapping protocol. ---------------------------------------------------------------------- Make Xmas gift in the form of #wnft with your tokens inside: https://medium.com/@envelop/cryptowinter-is-coming-ea9f50e36fe1
Try SAFT: https://www.youtube.com/watch?v=dK59xdajCvA ------------------------------------------------------------------------------ ENVELOP (NIFTSY) (https://envelop.is/) - a cross-chain protocol that allows NFTs to be utilized as storage for cryptocurrencies or other NFTs. Creators can also customize NFTs with unique settings such as royalties, temporary time locks on deposited assets, and much more. Supported by Binance, Rarible and Polygon. Follow ENVELOP on Twitter: @Envelop_project For further discussion join Telegram: https://t.me/envelop_en ... https://www.youtube.com/watch?v=zlcR4sQQpec
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The service does the wrapping of several NFTs of the ERC-721 standard in one transaction.
Access to the service is granted with the subscription to be purchased
To create wrapped NFT the limitations and locks should be defined: transfer lock, unwrapping schedule, collateral vesting and others. The combination of transfer and unwrapping locks leads to Soul Bound Token creation.
The service creates wrapped tokens of two standards ERC-721 and ERC-1155
The service sets commissions for wrapped NFT in ERC-20 tokens.
The list of recipients of wrapped NFT should be specified as well as the list of original NFT needed to be wrapped.
ERC-20 tokens or native tokens as security could be put in each wrapped NFT
The distribution of the commission charged for the transfer could be set up as the multi-royalty mechanism.
Let's buy a subscription
The form shows the buyer's address as the address of the recipient of the subscription. It could be another address if the subscription is purchased for someone else.
The tariff is to be chosen. There are plans to use the service for a certain period of time or a certain number of times.
A sufficient amount of ERC-20 tokens is required to purchase the subscription
The purchased subscription is a wrapped NFT with ERC-20 tokens locked in.
The blocking period is according to the chosen tariff plan.
The owner of the wrapped NFT is the holder of the subscription.
The tariff plan is chosen.
Confirmation of the transaction to permit ERC-20 tokens to purchase a subscription
Confirmation of the transaction to purchase the subscription according to the tariff plan.
The subscription is activated.
Let's check the transaction.
Wrapped NFT with number 43 has been created.
There is an erc 20 blocked token inside it according to the tariff plan.
let's wrap something in with SAFT application
There are options to wrap the original NFT:
- original NFT are minted on Envelop
minting platform
- original NFT are minted on the outside minting platform
- wrap the emptiness without original NFT
Let's wrap the original NFT that is minted on Envelop minting platform
Mint NFT.
Add a media file, specify the Name and Description.
Add a property and a value to be stored in the metadata.
Choose the type of NFT we want to mint. In this case - ERC-721.
Specify the number of NFTs to mint within one transaction.
All of them will have the same picture.
Metadata is stored on the Swarm blockchain
Confirmation of the minting transaction in the Metamask.
NFT with ID 100 and 101 are created.
Let's check the NFTS in the core Envelop’s application on the dashboard in the section “Discovered”.
Switching from minting platform to SAFT application.
Envelop contract address is inserted by default in the original NFT contract address field
Specify wrapped NFT blocking period.
Let's choose the standard for the created wrapped NFT as of ERC-721
The list of wrapped NFTs recipient addresses as well as token Ids can be loaded from a file.
The data in the file is separated by a semicolon.
Or to add data manually
Let's add some Ethereum as collateral for each wrapped NFT .
Wrap.
Two wrapped NFTs will be created for one transaction.
There is permission to use tokens of the original NFT contract for SAFT contract.
Therefore, this step is skipped.
Confirm the wrapping transaction in the metamask.
The transaction has been confirmed.
Let's check the transaction.
Verify on the dashboard in Envelop application that the recipients have received wrapped NFT
Check both recipients and they have wrapped NFT with ID 44 and 45.
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Envelop (NIFTSY) is a cross-chain protocol that allows NFTs to be utilized as storage for cryptocurrencies or other NFTs. Creators can also customize NFTs with unique settings such as royalties, temporary time locks on deposited assets, and much more. Supported by Binance, Rarible and Polygon.
Follow ENVELOP on Twitter: https://twitter.com/Envelop_project
For more info about ENVELOP join https://t.me/envelop_en
...
https://www.youtube.com/watch?v=vtYvQsUrttc
Join the weekly DAO community call with Alex Shedogubov, Envelop founding father
Host - Eugene aka @CryptoEmcee
Timestamps:
00:00 opening remarks
00:40 how fruitful was WOW Summit HK for DAO Envelop (https://blog.envelop.is/envelop-on-wow-summit-b10cae06531e)
04:50 has Alex got any hidden insights regarding Web3 in HK
08:10 NFT wrapping protocol has been implemented on Arbitrum (https://blog.envelop.is/nft2-0-in-arbitrum-d4832723c318)
12:00 NIFTSY digest №21 is available on Medium
13:30 final thoughts & closing remarks
16:20 it is great to see @allbridge3143 & Andrew Velykyy have joined WOW Summit as well
#wnft #smartnfts #NFT2.0
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The Most Important in the World of NFTs in March 2023:
https://blog.envelop.is/niftsy-nft-digest-vol-21-march-f13765f93ce0
Join DeWeb channel for main news from the Web3 world:
https://t.me/nonfungible_web
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ENVELOP (NIFTSY) (https://envelop.is/) - a cross-chain protocol that allows NFTs to be utilized as storage for cryptocurrencies or other NFTs. Creators can also customize NFTs with unique settings such as royalties, temporary time locks on deposited assets, and much more. Supported by Binance, Rarible and Polygon.
Follow ENVELOP on Twitter: @Envelop_project
For further discussion join Telegram: https://t.me/envelop_en
...
https://www.youtube.com/watch?v=W5RH3Mp8eIg
Timecodes:
00:00 opening remarks
00:45 team news of the week
03:00 ENS Domains announced wrapping .eth NFT domains
07:15 what ENVELOP is really doing (our advisor`s Menaskop visualization on Twitter https://twitter.com/Menaskop/status/1552924174926184448)
08:20 news about NIFTSY token adoption (DAO member question)
10:45 ENVELOP Digest #12
11:00 ENVELOP`s first offline event will take place on Aug 7 in Bali
13:00 cloning remarks
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All ENVELOP links:
https://linktr.ee/ENVELOPNIFTSY
Read Digest #12 June:
https://medium.com/@envelop/niftsy-nft-digest-12-ba83277c0881
Join DeWeb channel for main news from the Web3 world:
https://t.me/nonfungible_web
Try SAFT:
https://www.youtube.com/watch?v=dK59xdajCvA
SAFT AMA (in Russian):
https://www.youtube.com/watch?v=fQcq-3tIyS4
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ENVELOP (NIFTSY) (https://envelop.is/) - a cross-chain protocol that allows NFTs to be utilized as storage for cryptocurrencies or other NFTs. Creators can also customize NFTs with unique settings such as royalties, temporary time locks on deposited assets, and much more. Supported by Binance, Rarible and Polygon.
Follow ENVELOP on Twitter: @Envelop_project
For further discussion join Telegram: https://t.me/envelop_en
...
https://www.youtube.com/watch?v=L6MXobewR5w
Join the weekly DAO community call with Alex Shedogubov, DAO Envelop Genesis member
Host - Eugene aka @cryptoemcee
Test Envelop #dApps here: https://app.envelop.is/
#crossnft #NFT2.0 #smartnfts
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The Most Important in the World of NFTs in August 2023:
https://blog.envelop.is/niftsy-nft-digest-vol-26-august-d60d9c9d2726
Join NFT 2.0 News channel for main news from the #Web3 world:
https://t.me/nonfungible_web
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Envelop is a flexible cross-chain tool set able to give any NFT new functionality (economic set-up, on-chain royalties, rental mechanism, time/value/event-locks), protection of devaluation and anti-fraud system.
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https://www.youtube.com/watch?v=-55AP6kfnXY
NFTs are getting mainstream! Perhaps you`d like to follow this trend too and sell your services as NFTs. For example, you are an event organizer and want to sell tickets to your event as NFT. But what if you don`t know anything about blockchains and wallets, and have even less desire to dive into it and overload your customers with this scary "please download the wallet X, write these 12/24 words on paper and keep it safe, send us your blockchain Y address and we`ll send you your NFT"?
Meet today`s hero of the ENVELOP Podcast - he is Yan Ketelers, the CMO of Venly (previously Arkane Network). Listen to him, he has a the solution for connecting your business with NFT in the way you most likely will appreciate:
00:40 starting in the blockchain space
02:20 NFT first exposure and explaining
04:00 what is Venly
06:20 problems of choosing wallets for NFTs
07:50 who keeps private keys in case of Venly
10:10 why NFT are so widely used in gaming and Metaverse
12:30 NFT hype 2020 vs. ICO hype 2017
13:50 possible use cases of NFT in the future
15:30 legal issues regarding NFT
17:00 crypto regulation in Belgium
18:40 technical infrastructure for NFT
20:30 use cases Venly is most proud of
22:30 how any event organizer may start to sell tickets as #NFT without any pains with wallets
24:40 is Venly hiring and whom do they need
25:50 follow Yan (Twitter @meta_yan) and meet him on CGC 9th event Sep 24-25
Grab your free pass on #CGC 9th event (https://cgc.one/)! Join Telegram chat https://t.me/cgc_one and PM me for the 100% discount promocode
The #ENVELOP podcast is supported by the ENVELOP (NIFTSY) (https://envelop.is/) - a cross-chain protocol that allows NFTs to be utilized as storage for cryptocurrencies or other NFTs. Creators can also customize NFTs with unique settings such as royalties, temporary time locks on deposited assets, and much more. Supported by Binance, Rarible and Polygon.
Follow ENVELOP on Twitter: @Envelop_project
For more info about ENVELOP`s IDO in 2021 join https://t.me/envelop_en
...
https://www.youtube.com/watch?v=8t_-4j1DGss