Escape Reality and NFTs

What is Escape Reality?

Escape Reality is an escape game played in real life. You and your team have just 60 minutes to escape one of our ultra-realistic, interactive rooms. You will battle against time to solve puzzles, overcome challenges, and escape the room!

Escape Reality is a fun and engaging activity to try out with your friends, family or colleagues and experience something completely new.

With a variety of immersive themes and difficulty levels, there is bound to be something for everyone to enjoy! Let's discuss now Escape Reality and NFTs.

Escape Reality and NFTs:

The biggest contributor to the boom in the NFT market is the gaming industry, and we are getting involved! We are joining the NFT market by releasing an exclusive collection of 8,888 NFTs and building Escape Reality in the metaverse, whilst uniting a community of gamers and escape room enthusiasts around the globe.

We plan to provide Escape Reality and NFTs holders with access to the Escape Reality metaverse on Sandbox whilst growing our community.

By developing Escape Reality and NFT in the metaverse, we will enable you to play escape rooms, crack clues and solve puzzles with other players online, all over the world – all whilst showing off your avatar’s latest NFT upgraded skins and props.

We also plan to create a community gaming fund, as well as auction one-of-a-kind artworks to benefit worthwhile causes as voted for by our online community.

"Escape Reality and NFTs" sounds incredible and exciting - but what on earth is an NFT?

What is an NFT?

In the last year or so, you have probably heard ‘NFT’ ‘blockchain’ ‘Bitcoin’ and ‘the metaverse’ more times than you have had hot dinners. Let us break it down for you:

NFT stands for Non-Fungible Token, which is a digital asset with key unique and identifiable attributes, that cannot be duplicated or replicated. The information associated with the NFT is similar to a certificate of authenticity, or a deed and is used to represent ownership of unique items. By tokenising these digital assets, the creator is allowing them to be bought, sold, and traded with an increase in trust and minimised opportunity for fraud.

NFTs are not like Bitcoin or any other cryptocurrency as they are not divisible into smaller units, meaning you cannot purchase 0.5 NFT for example. If you want to buy digital art, you can only buy it as a whole entity and not in pieces.

NFTs can only have a single official owner at any one time, with its information stored in the blockchain network being unmodifiable, ensuring that ownership remains intact until you transfer or sell it.

What is the metaverse and blockchain?

The metaverse is a network of 3D virtual worlds that can be accessed universally to facilitate social connection. Using an avatar in the virtual online world means you can enjoy social interactions with people around the world, just like with multiplayer online games. Fortnite, Minecraft and Roblox are some popular examples of using a virtual world in gaming.

The Metaverse also goes hand-in-hand with virtual and augmented reality, as VR headsets can facilitate the immersion into the universal virtual world.

The blockchain stores information electronically in a digital format. It is a smart contract used to maintain standards of NFTs, including a secure and decentralised record of transactions. By creating NFTs in the blockchain, the user can attach metadata, secure URLs, and unique owner identity.

Digital information can be recorded and distributed, without it being edited. It is, therefore, the perfect way to create ledgers and records of transactions, in chronological order, that cannot be altered or deleted.

What can NFTs be used for?

Non-fungible tokens have multiple uses, including collectables, digital art, online gaming, and identity.

NFTs as Digital Art:

One of the more common uses of NFTs is digital art. Digital artists are able to reach a whole new, and much wider, audience than ever before. With their new crypto-audience, content creators can achieve huge sales that were previously not possible, as they can now sell their artwork globally to anyone and everyone.

NFTs as Collectibles:

NFTs can be used to create collections of digital assets. Just like when we were younger, when we collected and traded Pokémon cards or Football cards, you can form collections in the digital world and trade NFTs as you would your card collection.

NFTs for Online Gaming:

NFTs can be used in online gaming worlds to level up your avatar. For example, gaming fanatics might purchase digital add-ons such as skins or props to be used in the game. You can create niche and coveted props, or exclusively designed skins to be bought and worn by an avatar in the metaverse. You are then able to trade these props in the online world, bringing economies to the metaverse.

NFTs as Identity:

NFTs can also be used as an online identifier. By creating an Ethereum wallet to store your NFT, you can remain completely anonymous to other users. You can then use the NFT as your profile photo, avatar, or another form of identifier instead of a personal photo or username.

Popular NFT Projects:

The NFT projects listed below are the current top 5 NFTs listed on Opensea.

1.CyberBrokers

10,0001 unique CyberBroker NFTs created by artist, Josie Bellini.

2.Bored Ape Yacht Club

10,000 Bored Ape NFTs, doubling as a Yacht Club membership card with grants members-only benefits.

3.Clone X – X TAKASHI MURAKAMI

20,000 avatars created by RTFKT (owned by Nike) and Japanese artist, Takashi Murakami

4.Invisible Friends

A collection of 5,000 animated invisible characters created by Markus Magnusson.

5.Dippies

Collectable avatars of unique digital hippies

You can explore more NFT collections here https://opensea.io/explore-collections

Where can I learn more about NFTs?

There is an abundance of free content online to help you learn more and develop your knowledge of the crypto world and nft.

Sources:

MediumOpenseaWikipediaInvestopedia

Back to blogs