Zug, Switzerland, 15th June 2022: GAIMIN launches the world's first interoperable, cross-game, utility NFT - GAIMIN's NFTxg.

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Gaimin

Jun 17, 2022, 16:00 ET

ZUG, Switzerland, June 17, 2022 /CNW/ - GAIMIN has solved a key issue for gamers - re-usable, purchased in-game assets that are not lost when a game closes or the gamer wants to play a different game. With GAIMIN's world first NFTxg, a gamer can now securely invest in their gaming experience and retain ownership of a cross-game asset inventory.

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GAIMIN launches the world’s first Interoperable, Cross-Game, Utility NFT - GAIMIN’s NFTxg. (CNW Group/Gaimin)
GAIMIN launches the world’s first Interoperable, Cross-Game, Utility NFT - GAIMIN’s NFTxg. (CNW Group/Gaimin)

GAIMIN's NFTxg delivers true cross-game, cross-device, interoperable utility NFTs to moddable AAA games, enabling a gamer to own and retain full ownership their in-game asset purchases, re-using their NFTs across different games with utility relevant to the specific game in which they are being used. 

A gamer can now build up an in-game repository through purchase and other acquisition methods and have an immediately available repository for a new game.

Martin Speight, CEO of GAIMIN stated, "I am delighted to announce GAIMIN's NFTxg, a world first in the development of a interoperable, cross-game, utility NFT. In releasing the NFTxg we have solved the gamer's key problem - true in-game asset ownership. Not only does the NFTxg enable a gamer to own their in-game assets, but it also assures the 60+% of gamers who do not purchase in-game assets they can now purchase and own assets, improving their gaming experience and creating a gaming inventory that can be later sold or rented/loaned to other gamers."

Martin commented further, "The key feature of the NFTxg is its ability to transfer utility between different games. We have initially implemented NFTxg technology into Minecraft and GTA V with other moddable, private server hosted games, such as RUST which is next on the list. One such NFTxg is the "Ridged Quickblade" which is usable in both Minecraft and GTA V and will also be available in RUST shortly - one NFT with interoperable in-game attributes and enchantments, 3 in-game uses!"

Currently only games incorporating GAIMIN NFT and blockchain technology can support the NFTxg - these are Minecraft, GTA V and (soon to be) RUST. However, GAIMIN has developed a plugin for all server owners who run these games, and is developing an SDK which will allow developers of games for the Unreal and Unity game engines to incorporate GAIMIN blockchain and NFT technology into their games and therefore allow the NFTxg to be used in these games. The NFTxg will have a style and attributes relevant to its utility in the game in which it is being used.

Martin concluded, "The launch of GAIMIN's NFTxg into some of the most popular AAA games allows users to retain ownership of their in-game NFT asset purchases, with utility built into a number of different games. This creates retained value for NFTxg owners and for the first time allows gamers to invest in their gaming experience and retain their purchases. Over the coming months, we expect the number of games supporting NFTxg to increase, we shall be releasing more NFTxg assets and enabling ownership of assets through our PC monetising technology."

About GAIMIN

GAIMIN.IO Ltd (GAIMIN) is a UK and Swiss based gaming company focused on helping the gaming community monetise the computational power of their gaming PC. GAIMIN has created a decentralised data processing network harnessing under utilised processing power typically found in gaming PC's to create a world-wide decentralised data processing network, delivering "supercomputer" performance.

With a free to download PC-based application GAIMIN monetises the under utilised performance through innovative approaches to delivering "supercomputer" level data processing performance from a world-wide network of independent processing devices. Focusing initially on the powering of blockchain computations, the GAIMIN data processing network also supports a number of different large scale data processing applications, including video rendering.

GAIMIN pays users in its own crypto currency, GMRX which can then be used for purchases on the GAIMIN Marketplace for NFTs, in-game assets, accessories and merchandise, or it can be converted to fiat or a different crypto currency.

For more information on GAIMIN click on this link: www.gaimin.io

For up to date information, please follow the following GAIMIN social media accounts:

SOURCE Gaimin

The Americas, Middle East and Australian Pacific - Andrew Faridani, Chief Marketing Officer for GAIMIN (based in Toronto, Canada): [email protected]; UK and Europe - Marc Bray, Chief Communications Officer for GAIMIN (based in Manchester, UK): [email protected]

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Gaimin