Definition and Brief history about NFT

In the crypto world, there are two types of tokens, fungible Tokens and non-fungible Tokens. Fungible tokens are like currency. One dollar is always one dollar regardless of the serial number on the specific dollar bill. A one-dollar bill can be replaced by any other one-dollar bill. On the other hand, non-fungible tokens (NFT) are unique and cannot be replaced by any other token. NFTs can be used to represent unique digital assets, such as CryptoKitties and virtual buildings on Decentraland. NFTs are interesting because their uniqueness and ownership can be verified, they can be utilized across applications developed by different companies, and they can be traded easily through secondary markets. These features open up possibilities for new use cases and business models.

A Brief History

In 2014, Counterparty, a peer-to-peer financial platform, was founded and built on top of the Bitcoin blockchain and attracted various projects including trading card games and meme trading in the following years. In 2017, Ethereum started to gain prominence and American studio Larva Labs released CryptoPunks, a project to trade unique cartoon characters, on the Ethereum blockchain. They opted to let anyone with an Ethereum wallet claim a Cryptopunk for free. All 10,000 Cryptopunks were swiftly claimed and started a thriving secondary marketplace where people bought and sold them. Interestingly enough, Cryptopunks do not follow the ERC721 standard, as it had not been invented yet, but they were also not entirely ERC20 due to its limitations. Thus Cryptopunks can best be described as an ERC721 and ERC20 hybrid.

In late 2017, another project called CryptoKitties where players adopt and trade virtual cats was released and quickly went viral, raising a $12.5 million investment and some kitties were selling for over $100,000. The rise of CryptoKitties coincided with the 2017 crypto bull market, which added more fuel to the fire. People were buying, breeding and trading virtual cats like crazy. This opened many people’s eyes to the potential of non-fungible tokens.

This NFT craze has also caused a lot of interesting projects to emerge like ours called Werewolf Exchange. We are fascinated by Werewolf mythological theories. So, we decided to bring the concept to the DeFi ecosystem to make it more exciting. Our team worked on to create a connection between mythology and blockchain gaming platform to make it interesting for the community. On platform we are offering three types of Werewolf Assets called Alpha, Beta, and Omega Werewolves. Of course, these assets still need to be purchased, for that we introduce platforms native token which is built on ERC20 standards call Werewolf Coin (WWC).

We originally announced the Initial Bonding Curve Offering of the Werewolf Coin (WWC), with the first-generation WOLF token launching on January 22nd, 2021. WOLF token can be used to stake in Pools listed on platform which is call as Full Moon Pools. On every full moon date, the corresponding Moon pool gets over and the user who staked their WOLF tokens in that pool will get Werewolf Coin (WWC) as a reward. Users will be able to swap their Werewolf Coin (WWC) on the platform’s decentralized exchange, which is expected to go live later this year.

Finally, the platform’s goal is to launch the Werewolf Gaming Platform - a blockchain-based platform where users would be able to use their Alpha assets to fight with other Alpha assets holder over the ownership of territories across world.
Following are three Werewolf Assets listed on platform
1) Alpha NFT
An Alpha is the most dangerous type of werewolf. When in canine form they are noticeably larger. Alphas have bright red eyes instead of golden. In rare cases, Alphas can literately turn into actual wolves, but in a larger and more brutish appearance. Alphas are the ones that can create new werewolves, or other new shapeshifters. An Alpha’s eyes glow red when shapeshifted. An Alpha werewolf carries an internal spark of power that supplements their ability to shapeshift, making it easier for them to shift into more powerful shapes, as well as their individual strength and supernatural abilities.

2) Beta NFT
Beta Werewolves are members of a werewolf pack, following the leadership of an Alpha werewolf. Betas are bound to the pack they belong to Although not as powerful as an Alpha, Beta werewolves are noticeably stronger than Omega Werewolves Betas follow their alpha’s orders and are the main members of the pack. Betas are the most common werewolf type Betas are the standard canine shapeshifter. In a pack, most members will be betas, with the leaders being the alphas. A beta shapeshifter’s eyes will glow gold or blue.

3) Omega NFT
Omegas are the lowest rank in the canine shapeshifter hierarchy. These wolves are not members in a pack, or have no affiliation with an alpha or an experienced beta. Like betas, an omega shapeshifter’s eyes will glow bright gold or steel blue. Omegas are generally the lowest on the power level, because they are not members of a pack, of which members gradually receive symbiotic balance, power from each other. Omegas could be the survivor of a pack’s destruction, or they could be alone by their own choice. Because they are considered to be “The Outcasts”, Omegas are searching for a pack. Despite being the weakest and lowest-ranking werewolves of the lycanthrope, Omega Werewolves are still strong and powerful creatures in their own right

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