The latest surge in NFTs has made creators look for opportunities in all industries. The latest has been the entry into the sports platforms. Easily put, sports fans can now earn from the real-world performance of the stars in different sports they choose using dynamic NFTs.
This is now possible through the OWNIC platform. It brings on the concept of revolutionary steps that will create new ways for fans to earn from fantasy sports leagues and metaverse gaming.
But what exactly does the platform do, and in what way can one benefit from it?
Pros and Cons of OWNIC
Pros
- Provides a secure and transparent marketplace for buying, selling, and trading NFTs.
- Offers a variety of NFTs from different creators and artists.
- Enables creators to showcase their work and earn money from their NFTs
- It uses blockchain technology to ensure the authenticity and uniqueness of NFTs.
Cons
- Limited market adoption of NFTs may reduce the demand for buying and selling NFTs.
- NFTs may be subject to volatility and speculative price changes.
What is OWNIC?
OWNIC represents a licensed dynamic NFT platform enabling the first-ever sports NFT collectible. An athlete’s career growth and performance are reflected on a card through innovative, dynamic NFT technology. You can authenticate the card’s ownership through the platform’s blockchain technology, which ensures they are unique.
Additionally, through the OWNIC NFT technology, you can update the digital cards and evolve them based on real-world performance data. This makes the cards on OWNIC interactive and timeless as they grow parallel to the athlete’s career.
OWNIC comes with a unique idea of xP power to enable all this, which will place tamper-proof off-chain data into the Blockchain. XP represents a card’s power and increases based on the athlete’s career achievements and gamified on-platform elements.
OWNIC Key Features
Having dynamic NFTs will lead one to be a part of an athlete’s journey, putting their NFTs to work across five primary utilities. As such, OWNIC dNFT holders can compete in games for rewards, stake their NFTs, unlock signed merch, interact with athletes in inclusive metaverse spaces and even govern a sports club through ClubDAO.
Major sports that have already signed exclusive deals with OWNIC—players like Leonardo Bonucci, MMA legends Glover Teixeira and Alex Pereira, and many others.
Virtual Scout
It is an innovative P2E scouting competition where dNFT holders are rewarded with exclusive OWNIC cards and prize money based on success across competitive tournaments against fellow collectors. It comes as a fun way to measure one’s scouting abilities against those of other collectors. As a result, the winner is the one with the most high-performing players in their collection.
MetaTeam
dNFT holders, through this feature, form sports teams using club-building simulators and Metaverse to compete against one another.
Prima Power (XP)
Prima Power (xP) redefines the value-generating process for dNFTs, focusing on a single number. The xP trigger is dynamically updated on the dNFT in real time. The cardholder can access various privileges, benefits, rewards, and opportunities.
InnerCircle
Cards with a high xP (Prima Power) allow exclusive access to collectors to the InnerCircle of athletes represented. This feature represents a way in which there is the unlocking of unlimited reward opportunities like signed merchandise, access to events, and the athlete’s Metaverse. It also paves the way for direct interactions with the athletes themselves.
ClubDAO
Represents an athletic club that OWNIC will own and manage through DAO. dNFT collectors may vote on club decisions, which depend on the amount of xP one has.
Milestones
When minted, a card becomes active and may be used in the Milestones game immediately. Gains in dNFT strength represent one reaching major career Milestones. As such, they define an athlete’s whole career. As such, reaching them is the reward for effective scouting.
Staking
Various elements go into circulating staking returns, but xP is the major. The greater a card’s total xP, the better its staking returns will be for a collector.
Card Type
Different types of cards represent different athletes. The platform uses a propriety data algorithm created in collaboration with Wyscout. The platform determines how athletes should be classified.
All athletes have their abilities and playing styles, which are then used to assign an athlete to a specific category. After reaching a milestone in a particular attribute, Prima Power increases significantly.
Wearables
To customize it, Jerseys, boots, and other accessories may be added to a dNFT. The platform has joined hands with some bigger names in athletic clothing to create some limited collections. Having some of these accessories raises xP, later improving a card’s performance. Users can buy and sell wearables on the OWNIC marketplace since they are also NFTs.
The Platform’s Exclusive Marketplace
The OWNIC marketplace represents an area where dNFTs are traded, released, loaned, and swapped. Drops happen exclusively on the marketplace in either single releases or packs. Single releases represent when a dNFT card is individually listed. On the other hand, open packs represent when dNFT cards are combined and offered blindly to a buyer without them knowing the contents before opening.
One can also use the marketplace to burn dNFTs and assemble them into collections or open packs with dNFT cards. In addition, the NFT swap market paves the way for users to exchange cards without a fee.
Is it Worth it to Invest in OWNIC?
OWNICS dNFTS, unlike actual card collections, are non-perishable digital assets that may be kept and passed down through generations forever. Trading cards with sports themes have retained long-term value, which offers a chance for long-term value addition to your assets.
Additionally, the chance of being duped or receiving a fake NFT in the platform is reduced, as one can only purchase them through the official OWNIC website and OWNIC’s marketplace.
Final Thoughts
OWNIC’s dynamic NFT technology makes a new era of rewards, games, and experiences available. Once one has an OWNIC dNFT card, one can access many benefits. It offers multiple rewards and opportunities.
Vincent Munene is a freelance writer and a great blockchain enthusiast. Blockchain has changed his life in terms of financial freedom and in return, he likes to educate people and keep them up to date on everything blockchain. He is a Biochemist by profession and also loves to play the piano.