BBC also plays NFT? Is Ethereum ready to become the main NFT position?

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On December 7, foreign media sources pointed out that the British Broadcasting Corporation (BBC) has cooperated with Reality Gaming Group to launch the NFT transaction card Doctor Who. Users can purchase these card packages through PayPal, Visa, Mastercard or through the Coinify platform to trade cryptocurrencies.

It is understood that “Doctor Who” (English: Doctor Who) is a science fiction TV series produced by the British Broadcasting Corporation (BBC), which tells the adventures of the Doctor as a time lord (a humanoid alien that can travel in time). He explored the universe on the TARDIS (a time-traveling spacecraft with perceptual capabilities), which looked like the blue police booths that were seen everywhere in the UK when the show premiered in 1963. Together with a series of companions, the doctor saves civilization, helps ordinary people, and corrects mistakes while facing various enemies. This is listed as the longest science fiction television series in the world by the Guinness Book of World Records. Of course, derivatives based on Doctor Who are also very popular.

This time, the popular BBC sci-fi TV series “Doctor Who” (Doctor Who) is the subject of a new digital card game. The Dr. Who: Worlds Apart game itself has not yet been released, but card packs are already available in the pre-sale. Players will eventually be able to trade scarce cards on the secondary market. This is because, Dr. Who: Worlds Apart—is a non-fungible token (NFT) based on Ethereum.

Pre-sale of Dr. Who trading card is now effective

Dr. Who: The pre-sale of the Worlds Apart digital trading card game has begun. Players can purchase NFT packages through the game’s official website.

Players will use digital trading cards to play Doctor Who: Worlds Apart game. According to the Reality Gaming Group, the company behind the company, the game will be launched in the second quarter of 2021.

In addition to the use in the game itself, players can also trade through the secondary market. According to reports, the transaction will begin in the first quarter of 2021.

This time through the Ethereum blockchain, a limited number of different cards will be provided. Therefore, players will actually own every card themselves. In other words, thanks to blockchain technology, there will be no duplication of each card.

If the game proves to be popular in the end, rare cards may be valuable in the secondary market.

NFT is all the rage

NFT is an emerging trend in the cryptocurrency industry. They are essentially blockchain-based tokens that represent digital items, not monetary units.

Early applications of NFT include digital artwork and in-game items. B BeInCrypto previously reported that people are increasingly interested in digital art auction platforms such as SuperRare.

Previously, items in the game (such as Doctor Who trading cards) would remain the property of the company. In contrast, NFTs, which are usually based on the ERC-721 standard, provide players with digital scarcity.

This means they can exchange popular items for real money, and even use their items in other games.

Not only the BBC, in fact, the whirlwind of non-homogeneous tokens also extends to real industries such as games, collectibles, and asset tokenization. Well-known institutions including Turner Sports, a subsidiary of the multinational media and entertainment group Warner Media, Mojang Studios, WAX and Marvel, the parent company of Minecraft, have entered the game and tried to deploy the NFT field.

Is Ethereum ready to become the main position of NFT technology?

The “Doctor Who: Worlds Apart” game is not the first transaction card game to enter the Ethereum network. In 2017, the game Crypto Kitties, where players collected and raised crypto cats, was so popular that Ethereum transaction fees soared and the network almost stagnated.

However, the current progress in the NFT world mainly revolves around Ethereum. This is the beginning of NFT, where many people get their first NFT, where many transactions happen, and where the largest NFT creators and collectors gather. We see that people’s interest in NFT is spreading.

Since the 1960s, the British Broadcasting Corporation (BBC) “Doctor Who” franchise has caused great traction. The new trading card game may attract more users to try to use cryptocurrency, but this influx may have a similar impact on the price of Ethereum GAS.

In fact, since the beginning of this year, the market’s continued interest in DeFi has put pressure on Ethereum transaction fees. This is because some market voices believe that although the current fees are relatively low, if the Doctor Who: Worlds Apart game succeeds, transaction fees may skyrocket, which again limits the utility of the network.

However, some voices pointed out that although Ethereum has many limitations (block size limit, high fuel fee, high transaction fee, slow confirmation speed, semi-centralized single point failure problem around tools, etc.), it has been and still It will be the most important blockchain technology in the world except Bitcoin.

Moreover, the current NFT market is mainly supported by hotspots. Although it has existed for a long time, the problems of loyal users and liquid funds still exist in addition to special event stimuli. In addition, the difficulty of NFT development lies not in technology, but in market promotion. At present, NFT through technology is no problem. The key is that the market is too small and the competition is not fierce. Therefore, the difficulty in the development of NFT is actually ecological application. To make a good NFT application, the development cost must be relatively high. And because the NFT audience is too small, the benefits of the project cannot cover the development cost. In general, the possibility of a full-scale NFT outbreak is too small. The expansion of Ethereum’s performance is still continuing, because it has not yet formed the role of increasing network pressure.

Although for the current blockchain industry, NFT is still a very niche thing. However, encrypted artworks, games, digital certificates, real estate, etc. have become potential scenarios for NFT. From the current point of view, NFT assets of the game category may be sought after, and NFTs of the encrypted artwork category may have real collection value. (Part of the information in this article is integrated from beincrypto)