Satoshi’s Games has unveiled Elixir Marketplace, a nonfungible token marketplace for games that enable players to earn rewards based on the Bitcoin cryptocurrency.
The Elixir Marketplace is live now for people to trade items from Satoshi’s Games’ upcoming 3D cartoon-style battle-royale title, Light Nite, said Carlos Roldan, founder at the Alicante, Spain-based company in an email to GamesBeat.
NFTs use the secure and transparent ledger of blockchain to uniquely identify digital items, which can make them more valuable.
In Light Nite, Bitcoin microtransactions add a new level of interaction, as players can earn Bitcoin instantly when they shoot opponents and withdraw balances whenever they wish, the company said.
The marketplace uses technology from the Liquid sidechain, which is a settlement network for traders and exchanges, enabling faster, more confidential Bitcoin transactions and the issuance of digital assets.
And it’s using the Lightning Service Authentication Tokens , which allows tracking of a verifiable ownership record from an asset, along with co-ownership and other provable authenticated events.
Cobbling together all of these services is what is necessary to make it easy, fast, and inexpensive to trade items on the Bitcoin cryptocurrency, which has seen an explosion in value and is gaining mainstream adoption.
And considering the Layer 2 Lightning Network is more scalable than Ethereum and totally fit for micro-rewards due to its instant and nearly-zero cost properties.
“Lightning was just born at that time and with it the ability to make transactions of a millionth of a dollar instantly and at nearly zero cost,” he said.
He added, “We were just replacing soft currencies with very small fractions of real Bitcoin in a way that compensates users for enhancing their skills in the game.
Roldan said that the Light Nite game has about 3,500 people who have preordered the game.
Satoshi’s Games’ Light Nite will allow players to collect Bitcoin the better they do in the game.
These features have already been implemented in Light Nite, meaning fans of the title already have access to the marketplace.
As to how to get to a mass market for blockchain games, Roldan said, “Many quality studios are already realizing that there are new ways of acquiring and retaining users at a lower cost for them.