Altura
Crypto Overview
Project Overview
Altura is a smart NFT platform that enables game developers and content creators to mint, distribute and transact Smart NFTs. These Smart NFTs can have dynamic properties and functionalities that can change based on specific conditions or triggers.
Utility Analysis
The ALU token serves as the native utility token of the Altura ecosystem. Its primary functions include: governance rights for protocol decisions, fee payments for platform services, and rewards for platform participation.
Business Model
The platform's business model revolves around providing infrastructure for dynamic NFTs, particularly focused on gaming applications. The model appears transparent and doesn't involve any inherently prohibited activities under Islamic law. The platform generates revenue through fees from NFT creation, trading, and platform usage.
Development & Adoption
The project maintains active development with regular updates to their platform. They have established partnerships with various gaming projects and have a functional NFT marketplace. The GitHub repository shows consistent development activity.
Token Distribution
The token distribution appears relatively balanced with no concerning concentration of tokens among founders. There are vesting schedules in place for team allocations, which helps align long-term incentives.
Technology & Revenue Model
The platform's core functionality revolves around NFT technology and doesn't involve interest-bearing mechanisms or lending. The revenue model is based on legitimate service fees and doesn't involve riba.
Crypto Impact
To assign a comfort level investing in Altura from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Altura.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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