GameBIT

How It Works

1. Introduction of a New Object Submission- Creators submit an NFT to the platform. Moderation- The object goes through a quality-check process: Approved- If the object meets the standards of quality, it enters the marketplace. Rejected- If it fails to meet criteria, it is returned to the creator.
2. Entry into the Marketplace Once approved, the object becomes part of our dynamic ecosystem, available for players to compete in games.
3. Competitive Activities

Players participate in game challenges to win the NFT. The system tracks critical metrics, such as: Number of Battles: How often players compete for the item. Player Interest: The level of enthusiasm and interaction from the community. Battle Frequency: The consistency of gameplay involving the NFT. 4. Algorithm Analysis and Pricing Evolution High Competition: If an NFT becomes a hotbed of battles and excitement: Its price increases. It gains more visibility and remains in the ecosystem longer. Medium Activity: If the item sees moderate but steady interest: Its price stabilizes, maintaining its current value. It stays in the marketplace, awaiting potential surges in activity. Low Interest: If an NFT fails to attract significant attention: It is flagged for removal. Removed items exit the marketplace, keeping it focused on active, high-quality assets. Core Concept The value and lifecycle of every object (NFT) in our marketplace are directly tied to player interactions and competitive engagement.

The More Players Compete, The More Valuable the Item Becomes: Popular objects that spark fierce competition naturally increase in price, as they attract more attention and battles. Algorithm-Driven Market Dynamics: A smart algorithm analyzes player activity around each NFT. It ensures that only the most exciting and competitive items remain, while those with low interest are removed to keep the marketplace fresh. Quality and Authenticity First: Every object undergoes a rigorous moderation process before entering the marketplace, guaranteeing its value and appeal.

We divided the project into smart contract, game and front end. We used typeScript, react, solidity, privy and blockscout and chilz. Blockscout API provides endpoints for retrieving detailed transactions so it was quite nice to use. It was easy to verify transactions history and do smart contract verification.