Fully Decentralized Trading Games with Evolvable Characters using NFTs and IPFS
Christos Karapapas, Iakovos Pittaras, George C. Polyzos
Abstract
We leverage the InterPlanetary File System (IPFS) and Non-Fungible Tokens (NFTs) backed by Distributed Ledger Technologies (DLTs) to build a flexible, decentralized, and fair baseline system for trading games. Our solution creates a fully decentralized system, where new business models are enabled, as the evolvable assets of the games can be resold and priced depending on their rarity, giving also a cut to the digital artist, without the need for a trusted party. The system guarantees that assets will remain online, thus the users do not risk losing control over the artefacts or their value, even if the creator game company loses interest or goes bankrupt.
Topics & Concepts
Leverage (statistics)Distributed ledgerComputer scienceFile systemBlockchainComputer securityValue (mathematics)LedgerBusinessOperating systemArtificial intelligenceFinanceMachine learningBlockchain Technology Applications and SecurityFinTech, Crowdfunding, Digital FinanceAuction Theory and Applications