Own NFT MarketPlace review

by James · April 13, 2023

The recent surge in NFTs has creators looking for opportunities in all industries. The latest has been the entry on the sports platforms. Simply put, sports fans can now profit from the real performance of the stars of various sports of their choice using dynamic NFTs.

This is now possible through the OWNIC platform. It brings forward the concept of revolutionary steps that will create new ways for fans to profit from fantasy sports leagues and metaverse gaming.

But what does the platform actually do, and how can you benefit from it?

Table of Contents

Advantages and disadvantages of OWNIC

Benefits

Provides a secure and transparent marketplace for buying, selling and trading NFTs.
Offers a variety of NFTs from various creators and artists.
Enables creators to showcase their work and monetize their NFTs
It uses blockchain technology to ensure the authenticity and uniqueness of NFTs.

Cons

Limited market adoption of NFTs may reduce demand for buying and selling NFTs.
NFTs may be subject to volatility and speculative price changes.

What is OWNIC?

OWNIC represents a licensed dynamic NFT platform enabling the first ever sports NFT collectible. An athlete’s career growth and performance is reflected on a card through innovative, dynamic NFT technology. You can authenticate the card’s ownership through the platform’s blockchain technology, which ensures they are unique.

In addition, through the OWNIC NFT technology, you can update the digital cards and develop them based on real performance data. This makes the cards on OWNIC interactive and timeless as they grow in parallel with the athlete’s career.

OWNIC comes with a unique idea of xP power to enable all this, which will place tamper-proof off-chain data into the Blockchain. XP represents a card’s power and increase based on the player’s career achievements and gamified elements on the platform.

OWNIC key features

Having dynamic NFTs will lead one to be a part of an athlete’s journey, putting their NFTs to work across five primary tools. As such, OWNIC dNFT holders can compete in games for rewards, stake their NFTs, unlock signed merchandise, interact with athletes in inclusive metaverse spaces, and even manage a sports club through ClubDAO.

Major sports who have already signed exclusive deals with OWNIC – players such as Leonardo Bonucci, MMA legends Glover Teixeira and Alex Pereira and many others.

Virtual scout

It is an innovative P2E scouting competition where dNFT holders are rewarded with exclusive OWNIC cards and prize money based on success across competitive tournaments against other collectors. It comes as a fun way to measure your scouting skills against those of other collectors. As a result, the winner is the one who has the most performing players in the collection.

MetaTeam

dNFT holders, through this feature, form sports teams that use club-building simulators and the Metaverse to compete against each other.

Prima Power (XP)

Prima Power (xP) redefines the value creation process for dNFTs, focusing on a single number. The xP trigger is updated dynamically on dNFT in real time. The cardholder can access various privileges, benefits, rewards and opportunities.

Inner circle

High xP (Prima Power) cards grant exclusive collector access to the InnerCircle of athletes represented. This feature represents a means of unlocking unlimited reward opportunities such as signed merchandise, access to events, and the athlete’s Metaverse. It also paves the way for direct interactions with the athletes themselves.

ClubDAO

Represents an athletic club that OWNIC will own and manage through the DAO. dNFT collectors can vote on club decisions, which depend on how much xP one has.

Milestones

Once imprinted, a card becomes active and can be immediately used in the Milestones game. Gains in dNFT strength represent once major career milestones. As such, they define an athlete’s entire career. As such, reaching them is the reward for effective scouting.

Staking

Different elements go into circulating bet returns, but xP is the most important. The greater a card’s total xP, the better the return on investment for a collector.

Short type

Different types of cards represent different athletes. The platform uses a decency data algorithm created in collaboration with Wyscout. The platform determines how athletes will be classified.

All athletes have their abilities and playing styles, which are then used to assign an athlete to a specific category. After reaching a milestone in a particular attribute, Prima Power increases significantly.

Wearables

To customize it, jerseys, boots and other accessories can be added to a dNFT. The platform has teamed up with some bigger names in athletic apparel to create some limited collections. Having any of these accessories increases xP, and later improves a card’s performance. Users can buy and sell wearables on the OWNIC market since they are also NFTs.

The platform’s exclusive marketplace

The OWNIC marketplace represents an area where dNFTs are traded, released, lent and exchanged. Drops happen exclusively on the marketplace in either single releases or bundles. Single releases represent when a dNFT card is individually listed. On the other hand, open packs represent when dNFT cards are combined and blindly offered to a buyer without them knowing the contents before opening.

One can also use the marketplace to burn dNFTs and assemble them into collections or open packs of dNFT cards. In addition, the NFT swap market makes it possible for users to exchange cards without a fee.

Is it worth investing in OWNIC?

OWNICS dNFTS, unlike actual card collections, are non-perishable digital assets that can be kept and passed down through generations forever. Sports-themed trading cards have retained long-term value, providing a chance for long-term appreciation of your assets.

In addition, the chance of being scammed or receiving a fake NFT in the platform is reduced, as one can only purchase them through the official OWNIC website and OWNIC’s marketplace.

Final thoughts

OWNIC’s dynamic NFT technology enables a new era of rewards, games and experiences. Once you have your OWN dNFT card, you can access many benefits. It provides more rewards and opportunities.

Vincent Munene is a freelance writer and a big blockchain enthusiast. Blockchain has changed his life in terms of financial freedom and in return he enjoys educating people and keeping them updated on all things blockchain. He is a biochemist by profession and also loves to play the piano.