Farsite is a DeFi-powered economic MMO RPG/RTS game with elements of adventure in a sci-fi setting based on a post-apocalyptic story to be released on ETH 2.0
Explore the Universe or establish a Base on a Planet in hunt for rare materials to craft powerful Ships and Modules, trade on the open market, fight for loot and honor to govern an entire Constellation!
All created items will be ERC-721 tokens, or NFTs. That means that players can use them freely, trade them with other players or simply sell them in any marketplace. With limited resources in the virtual universe, demand will increase. This demand will inevitably turn certain locations into hotspots, and there will be a struggle for power and control.
What’s interesting about the NFTs in Farsite, is that the game features cNFTs or Collateralized Non-Fungible Tokens. This is a new standard for collateral staking that allows gamers to borrow money against in-game assets. This would for example make sense if players need a loan to acquire resources or as an insurance when a spaceship gets damaged.
Every Ship will have some Credits stacked to operate, that will be redeemed if a player decides to dismantle the Ship or if it is destroyed in combat. As mentioned above, players can use Credits to trade resources and components or convert them to FAR to trade on external exchanges for ETH.
A persistent universe where every item is created and owned by players as ensured on a distributed ledger featuring revolutionary cNFT (collateralized non-fungible tokens) concept to enable:
- Staking native ERC-20 to create NFTs
- Collateralized loans to leverage production
- Granted insurance for ERC-20 backed NFTs
- Interest-bearing deflationary token