Many of you have quizzed about Seascape Network's NFTs.

Does Seascape Have NFTs?

How To Acquire these NFTs?. and so on

This article is enriched with all the answers you seek.

For the sake of clarity, let's begin by defining NFTs.

What are NFTs?

NFT stands for non-fungible token, a digital token that's a type of cryptocurrency, much like Bitcoin or Ethereum. But unlike a standard coin in the Bitcoin blockchain, an NFT is unique and can't be exchanged like-for-like (hence, non-fungible).

Put more aptly, An NFT is in essence, is a collectible digital asset, which holds value as a form of cryptocurrency. NFTs are defined by their uniqueness, indestructibility, and verifiability, among other traits. This means that they are always able to be traced back to their origin on smart contracts, operate within a specific ecosystem, and exist permanently. For these reasons, to date they’ve acted largely as digital analogs of collector’s items, serving functions as diverse as Decentraland’s virtual real estate.

The ability of an NFT file to store extra information elevates it above pure currency and this makes it special.

Essentially, NFTs are like any other physical collector's item, but instead of receiving an oil painting on canvas to hang on your wall, for example, you get a JPG file.

NFTs are typically collected, bought, sold, and traded, which has proved extraordinarily profitable in some cases. (Right now, the most expensive NFT in the world is a CryptoKitty worth over USD 1 million.)

Now, where were we?

Scapes are Seascape's homegrown NFTs.

Scapes serve functions similar to traditional NFTs and make great collector’s items. With their top-notch art and graphics as well as quirky humor.

scapes take on a life of their own and they can function as actual finance assets.

Scapes serve functions similar to traditional NFTs and make great collector’s items. With their top-notch art and graphics as well as quirky humor, they take on a life of their own. What makes them special is that aside from this, they can function as actual finance assets. Seascape’s approach to making NFTs a truly vital part of the DeFi economy is to ensure that they generate profit for their holders.

Scapes can be gotten in one of two ways:

(i) from the Seascape Network official platform’s DeFi games, or

(ii) acquired on Opensea.

The process here is simple. Once you’ve got your MetaMask wallet set up, and have sufficient ETH, you can participate in auctions and direct purchases, trades, and sales.

Scapes have a name and personality, reflected in the character description on Opensea. They also have a quality that pertains to their rarity, which affects their worth in the market.

New Scapes can be minted in Seascape DeFi games, and staked for increased rewards. Future generations of Scapes can be collateralized to take out debt or rented out for variable rates. All this in addition to their creation and usage within games designed for the network. Scapes can be collected and leveled up, lent out, and accrue interest.

Seascape Network
Follow us on
Our telegram
Your game, your rules!!!!
Visit our website for more information




A realist

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Ripple rose in price by 60% in three days, and BTC price volatility turns out to be lower than…

Stablecoin Basics for Passive Income

Crab DeFi($CRAB) is a community-driven project that is building the ultimate DeFi #BSC platform🦀

What is Multsignature (Multisig) Wallet? Benefits and Drawbacks.

Exploring the Opportunity of Banking Digital Currencies

We’ve Added New Creators To ELIX, Improved ELIX & Are Adding Stripe

Understanding NFT collaterisation on Strip Finance.

What are the Top 10 Crypto Products to Explore in 2022?

What are the Top 10 Crypto Products to Explore in 2022

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Aniel Essien

Aniel Essien

A realist

More from Medium

NFT Moon Metaverse (Moonopolis DAO)2 Post

KOLO Will Commited To Empower The NFT Music Industry IN 2022

Top 5 Blockchain Networks to Launch a NFT Project

What Is GameFi and How Does It Work?