Press Release
PRESS RELEASE. Zug, Switzerland, 6th July 2022: GAIMIN’s NFTxg solves the gamers key problem – how to build up an in-game inventory of assets able to be used across a number of different AAA games.
GAIMIN developed technology that allows game-based utility NFTs (game-based NFTs) to be used in multiple games at once. This allows users to own and build their gaming assets and retain their gaming investment. Users can also use NFT and Blockchain technology such as smart contracts to manage NFT usage.
GAIMIN is the world’s first company to solve this key gamer problem. GAIMIN’s interoperable, cross game, utility NFTxg’s can be used in games incorporating GAIMIN’s NFTxg technology – currently Minecraft and GTA V, with other AAA games soon to have GAIMIN NFTxg technology incorporated into the game.
Martin Speight, CEO of GAIMIN said, “I am delighted to announce that we are the first company in the world to solve this problem and support gamers in building up and retaining their in-game asset investment. GAIMIN’s NFTxg allows a gamer to own their inventory so when they move games, any investment in assets is not lost – as long as a game incorporates GAIMIN’s NFTxg technology, the assets can be used, simultaneously, in those games.”
Today, GAIMIN launches 5 new utility NFTxg’s which can currently be used in both Minecraft and GTA V. A key component of the NFTxg is that it takes style, format, attributes and use relevant to the game in which it is being played. A Minecraft axe can become a GTA V gun.
Martin continued, “GAIMIN allows a user to monetize their PC-based devices to generate a passive income, paid in GAIMIN’s own crypto currency, GMRX. A player generates GMRX rewards and then uses these rewards to purchase GAIMIN’s NFTxg, providing asset ownership from passive monetization. These assets are not lost when a gamer moves games; GAIMIN provides a gamer with a true return on their investment in their gaming experience.”
Martin concluded, “Although these are utility NFTs, they will ultimately become collectors items as the number of games in which they can be deployed increases and GAIMIN releases more cross-game interoperable NFTxg’s. Over the coming weeks and months, GAIMIN will be announcing the integration of GAIMCRAFT (GAIMIN’s gaming technology) into more moddable AAA games and releasing a number of new utility NFTxg’s.”
For more information, click here: GAIMIN’s NFTxg
GAIMIN
GAIMIN.IO Ltd is a UK-based company that helps gamers make the most of the computing power they have. GAIMIN has created a decentralized data processing network harnessing under utilized processing power typically found in gaming PC’s to create a world-wide decentralized data processing network, delivering “supercomputer” performance.
With a free to download PC-based application GAIMIN monetises the under utilized performance through innovative approaches to delivering “supercomputer” level data processing performance from a world-wide network of independent processing devices. The GAIMIN data processing network supports many large-scale data processing applications. Its initial focus was on powering blockchain computations.
GAIMIN makes payments in GMRX, its crypto currency. This can then be used to purchase on GAIMIN Marketplace NFTs and in-game items, as well as merchandise. It can also be converted into fiat currency or another crypto currency.
Follow the GAIMIN social media channels for up-to-date information:
Please contact us for more information:
The Americas, Middle East and Australian Pacific – Andrew Faridani, Chief Marketing Officer for GAIMIN (based in Toronto, Canada): [email protected]
UK and Europe – Marc Bray, Director of Communications for GAIMIN (based in Manchester, UK): [email protected]
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