Mint NFT, Mint Colorful Lumi World!
If you are remotely familiar with the crypto and NFT world, you may have come across the term minting an NFT or some form of its variation. So what is meant when one goes about and mints an NFT?
Mint This, Mint That
You have to understand first that the process of creating money, especially in the olden days when physical coins ruled, was called minting, or manufacturing the round metal pieces. In the online world of today, the word and its meaning has transcended the physical boundaries and entered the digital realm.
Similar to the real coins of yesteryears, the process of creating a crypto token or coin that is not done through mining or staking but by simply through a command is also called minting.
For NFTs, this means that you can link any asset in its digital form to a non-fungible token and generate it. Thus when you create an NFT of your favorite art or music, it says that you have minted an NFT.
The use of NFTs isn’t only limited to art or music in particular. The unique tokens have found a home in the gaming industry too. In-game assets are now represented through NFTs, allowing for unprecedented access and ownership in the gaming world like never before. Any item within a game, as long as it is unique, is now an NFT. The car you just bought in your favorite racing game, or the shoes you acquired for your character? These can be NFTs too.
The added benefit? Since the NFTs are crypto tokens, you get to have ownership of the asset. This means you can use it not only within the game but even can sell it in the market for profit.
NFTs in Lumi World
Lumi World, as a GameFi platform, also extensively utilizes NFTs to give its users another level of gaming. Users can acquire a variety of in-game assets as NFTs. The assets are then unique or limited edition. They can be used within the larger Lumi World to help you progress in the game. The more scarce type of NFT, the more powerful it is.
Also, the scarer assets mean that they are difficult to get and therefore, are in higher demand than the rest. Having a higher demand means that you can head over to the marketplace and sell them off for a profit. Alternatively, if you need some item and can’t seem to get your hands on it by playing, you can always buy it from the market.
There is another option too. You can always mint your own NFTs using Lumi World’s $MiCoin. But what kind of NFTs can I mint in Lumi World?, you may ask. Well, since we are talking about NFTs right now, why not tell you about these.
1. Seeds of Ancient Trees
Agriculture is the primary activity of Lumiers (the inhabitants of Lumi World) and there are different kinds of seeds that they can obtain to sow on their lands and reap them. Among these are the seeds of ancient trees. These long day plants grow up to become NFT trees. Unlike the other option of short day seeds which only give produce and are completely harvested, ancient trees can be kept alive indefinitely, with farmers harvesting their fruits.
2. Farm Land
Before you can farm the NFT ancient trees, you will be requiring a piece of farming land to do so. Fortunately, as a Lumier, you will be provided with one when you start the game. The land will only belong to you and as long as you have the NFT in your possession, it is yours. You can buy more land to expand your farming business and even sell them.
3. Dream City Land
The large-scale metropolis in Lumi World, the Dream City, offers novel opportunities for Lumiers to explore, enjoy and create businesses in the city. For many kinds of businesses, you will need land there too. Just like the farm NFT land, you will be able to buy residential, commercial and other lands in the city as NFTs.
4. Houses and Buildings
Upgrade your NFT by building your own house or a high rise on the land. Open businesses or rent out the structures. Houses and buildings give you a space to live in or run a business for an income source.
Advertisement is a crucial part of any firm or business and you can do that by buying a billboard in Dream City to let people know what you do. Alternatively, you can rent out a billboard.
6. Avatar and Avatar Wearable
From clothes to jewelleries to shoes — anything that your character can wear, it is an NFT. Even the vehicle you will buy to travel around is one! Clothes, jewellery, shoes.
Where to Mint an NFT?
So the logical question on your mind should be, how or where can you mint an NFT in Lumi World?
This is where the Factory comes in. The Factory is a dedicated place where you can take your agricultural produce and use these to mint NFTs.
The more mutant produce you have, the more chances of rare NFTs to be minted.
Pros of Minting Lumi NFTs
We cannot stress enough on the advantages of minting NFTs in Lumi World, but we will list a few of the most powerful ones:
The more you mint, the more you have. While Lumi World is a peaceful place and wars are but extinct, you will still face competition from other farmers or city dwellers. To get ahead in the game, you will eventually need NFT based assets (a land in the Dream city, for example, to start your real estate business). Other tasks also may require you to have a certain level of powerful NFT in the PVE mode.
Profits from Business Activities
Whether you decide to stay within the agricultural activity, head to the Dream City for the urban life you always wanted or decide to have a presence in both areas, you will need in-game items and assets to run your farming or business. This can only happen through owning Lumi NFTs.
Profits from Sales
Minting NFTs from your produce isn’t always necessary, but it can come in handy as an alternative means of income. You can mint NFTs and they will fetch a higher price than what you put in to create these. If you are lucky and you mint a rare NFT, it will get you a much higher price.
Unlike generic NFTs where you mint these for the sake of having a unique token, Lumi World NFTs carry real value and not only will you enjoy the game, but progress and make money with these.
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