NitroDome
  • Introduction
    • Overview of NitroDome
    • Vision Statement
    • Key Features and Benefits
  • Project Background
    • The Problem
    • The Solution
    • Market Opportunity
  • Technology Stack
    • Blockchain Integration
    • Use of Artificial Intelligence
    • Security Measures
  • Products Overview
    • NitroGaming
      • NitroPortal
    • NitroMarket
    • NitroDex
    • RoboManiac
      • Story
      • FAQ
      • Beginners guide
      • Rules
    • Mintopoly
      • Welcome to Mintopoly
      • NFT Mintopoly Cards
      • Gameplay Guide
        • Side Competitions
      • Moon Overview
      • Accounts & Login
      • Initial Landrush
      • Exchange
      • Resources
      • $MM Token
      • Roadmap
      • ETH to Polygon Program
      • NFT Moon Bases
  • For Developers
    • Integrating Games with the NitroDome Platform
      • 1. Introduction to Blockchain
      • 2. Understanding NFTs
      • 3. Benefits of Web3
      • 4. What Makes the NitroPortal Unique?
      • 5. Security and API Management
      • 6. Real Game Assets to NFTs…and Back Again
      • 7. Introduction to NFT Types
      • 8. Asset Extraction and Injection
      • 9. Components of the NitroPortal System
      • 10. The Process Flow: Extraction and Injection
      • 11. Managing Security and Transactions
      • 12. Customization and Flexibility for Game Developers
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  1. Project Background

The Problem

Challenges in Digital Asset Ownership and Monetization

In the current digital ecosystem, true ownership of digital assets is largely illusory.

Gamers and digital asset creators often face restrictions due to the proprietary nature of platforms which control the assets. These challenges include:

  • Lack of True Ownership: Digital assets are tied to specific platforms or games, limiting their transferability and utility outside the originating environment.

  • Missed Monetization Opportunities: Without the ability to freely sell or trade assets, users miss out on potential earnings from valuable digital items they own or create.

  • Fragmentation between Web2 and Web3: Existing digital assets on Web2 platforms lack the benefits of blockchain technology, such as transparency, security, and decentralization.

  • Inefficiencies in NFT Markets: Trading NFTs often involves high transaction fees, slow processing times, and a lack of liquidity, making it difficult for users to capitalize on their digital holdings.

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Last updated 7 months ago