Artyfact
Crypto Overview
Overview
Artyfact (ARTY) is a blockchain gaming platform and token that aims to enable players to truly own and trade in-game assets as NFTs. The platform seeks to create an ecosystem where gamers can participate in various games while maintaining ownership of their digital assets across different titles.
Purpose and Utility
The primary utility of ARTY tokens includes: governance rights over the platform's development, purchasing in-game assets, and facilitating transactions within the Artyfact ecosystem. The token serves as the native currency for the platform's marketplace where players can trade their game assets.
Business Model Analysis
The business model centers around creating value through legitimate gaming experiences and digital asset ownership. The platform does not involve interest-bearing products, gambling, or prohibited activities. Revenue is generated through marketplace fees and game partnerships.
Development and Adoption
The project shows active development with regular updates to their platform and game integrations. While adoption is still in early stages, there is evidence of real usage in their gaming ecosystem.
Token Distribution
The token distribution appears reasonably balanced with appropriate vesting schedules for team allocations. There are lockup periods in place for early investors and team members, indicating commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Artyfact 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 Artyfact.
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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