For years, tech giants have been turning consumer data into digital goldmines. Yet only now are people recognizing this exploitation and finally fighting to reclaim ownership of their own data.
The same issues exist within the gaming sector. Except for a few emerging blockchain games, the entire world of gaming is being stored on centralized databases. This results in a world where players have no true sovereignty over their characters and items, rendering them perpetually reliant on centralized entities.
The ABI Galaverse project solves this issue by allowing players to maintain ownership of all their looted items, crafted items, and equipment. This is all enabled through tokenization. Each player will be able to convert their assets into Non-Fungible Tokens (NFTs) which are linked to their own personal wallets.
These NFTs are based on 2 standards: ERC-721 and ERC-1155. These standards allow items to be unique, have value, and be transferable throughout the blockchain ecosystem. Players will even be able to sell their NFT assets on decentralized marketplaces such as OpenSea or Rarible. True ownership is now possible for gamers.