3.1.1 In-App Market
All the items are registered as the Non-Fungible-Token standard
NFTs
Information about items registered in CLOID is recorded as a Non-Fungible Token (NFT) and is based on consumers’ considerations when purchasing items. “NFT” refers to an immutable authenticated virtual asset that cannot be replaced with another token and proving the legitimacy of a virtual asset. The irreplaceable token implemented on the Ethereum Network is also called an NFT (ERC-721, ERC-1155).
Users can perform the following activities using NFTs on the CLOID platform:
A user may create an NFT item and import the NFT item into a mobile game.
NFTs can be linked to various collections, including P2E games without their own NFT exchanges.
Users can trade NFTs and claim rewards in the in-app market.
Copyright fees are continuously paid to NFT copyright holders when their NFTs are traded.
Copyright fees and transaction costs are paid to the copyright holder (owner) with CGT tokens.
The In-App Market is a space for trading NFTs of game items. Users can trade various game item NFTs at the In-App Market, which is essential for GameFi. Users can keep their purchased NFTs in their personal wallets. If necessary, users can turn the game items they are playing with into NFTs and register them at the In-App Market. NFT technology is applied to the created item, and value and ownership are protected. In the In-App Market, NFTs can be sent from personal wallets using smart contracts, and items can be easily traded without requiring a separate contract
Last updated
