Altura
Crypto Overview
Overview and Intended Utility
Altura is a smart contract platform that enables game developers to mint, distribute, and transact with NFTs (Non-Fungible Tokens) that can be used across different games. The platform's native token, ALU, is used for governance and utility within the Altura ecosystem.
Core Features and Business Model
The platform provides tools for creating dynamic NFTs that can change based on specific conditions or achievements in games. Altura's business model focuses on providing infrastructure for gaming NFTs and facilitating their integration into various games through their Smart NFT technology.
Real-World Adoption and Usage
The platform has established partnerships with several gaming projects and maintains active development. On-chain data shows consistent transaction activity, primarily related to NFT minting and trading. The development team regularly updates the platform and maintains transparent communication through their official channels.
Token Distribution and Governance
The ALU token distribution shows a relatively balanced allocation, with significant portions reserved for development, marketing, and community incentives. There are vesting periods in place for team tokens, showing commitment to long-term development. The team's identities are public, and their backgrounds can be verified.
Revenue Model and Technology
The platform generates revenue through fees from NFT transactions and platform usage, which aligns with Islamic finance principles as it represents actual service provision. The technology does not involve interest-bearing mechanisms or lending protocols.
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”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.