In this article, the first of many to come from your friends here at Piccolo, we’ll be diving into the metaverse. We’ll be discussing basic understandings of the metaverse, the significance of The Sandbox lot that we purchased in December 2021, and how the location of the land was tactically chosen to give Piccolo an advantage in an ever-growing virtual industry.

The metaverse is fairly new and understanding the concept can be a bit overwhelming. For instance, if someone were to ask “What is the metaverse?”, what might you respond to them? Essentially, at face value, the metaverse is a combination of virtual reality (where you would put a VR headset on) and augmented reality. Pokemon Go is a perfect example of augmented reality where our physical realities are augmented to show Pokemon in the real world through an application we use on our devices.

Why Metaverse for Piccolo token?

Now, what does this really accomplish for Piccolo? In the metaverse, where the adoption of virtual reality is rapidly growing, there are monetary transactions taking place with a multitude of products just like in the real world. You can buy, sell, trade, and rent land. You can even build a store to sell your own NFTs or even charge others a fee for trading their NFTs or other products (concert tickets, pool parties, exclusive partnered items) in your store. For example, someone can purchase a piece of virtual land, build on it, and sell it. Going even further, that same person may want to build a game on that piece of land where they will charge others to play there. The reality of it is that if you can imagine it, you can do it in the metaverse.

Why Sandbox for our gaming Metaverse?

That being said, not all metaverse platforms are created equal. One that stands out amongst the rest is The Sandbox (SAND). One of the strongest reasons is that The Sandbox is a decentralized, community-driven gaming ecosystem where creators can share and monetize voxel assets and gaming experiences (using the platform’s VoxEdit and Game Maker software) on the Ethereum blockchain (https://sandboxgame.gitbook.io/the-sandbox/). This plays well for us at Piccolo because we are looking into making a game in the metaverse in addition to the game already in production and being developed by Larva Game Studios.

After deciding on the metaverse that aligned with our project, we went ahead and purchased a piece of land in The Sandbox. This alone, owning land in the most popular metaverse, was still not enough for us. Rather, the location (54, -75) of where it was purchased definitely was! We wanted the best of the best for our community.

The location is right next to one of The Sandbox lots and also the biggest Atari lot. It’s similar to buying a piece of land across from a well-known attraction like the Eiffel Tower or the Empire State Building. The act of buying a piece of land so close to these two locations was tactically done to bring attention to Piccolo! As of now, this land has offers already exceeding what Piccolo purchased it for. This is just the beginning. As the land is built upon, and with the metaverse game as well as other plans the project has for this location, the value will surely continue to grow well into the future.

Let’s take a look at the video announcement our ceo –

Article by Nick (Piccolo Team)

The post Why did Piccolo token buy Sandbox land? appeared first on Piccolo Token.

The first response I had when I started hearing about NFTs and all the money being made off of them, was to take to the internet to try to understand, once-and-for-all, what all the rage was about. After reading through a couple of articles and watching a YouTube video or two, I still couldn’t wrap my head around what an NFT truly was and how they had value. If you find yourself in a similar position, hopefully, this article will set you straight. Let’s start by breaking down the term.

What is an NFT?

NFT is an acronym that stands for Non-Fungible Token. We know that “non” is a prefix meaning “not”.

A quick search of the Oxford Dictionary tells us that something which is fungible is “able to replace or be replaced by another identical item”. It is “mutually interchangeable”.

The easiest way to understand this concept is to think of fiat currency. If I have 5 one-dollar bills, and I want to buy a candy bar from the store, I can use any one of the five bills, because they all carry the same value. The cashier doesn’t care which of my $1 bills I hand her, because they’re interchangeable. They all have a value of $1, they’re all green, and they were all printed by the Federal Reserve. They are fungible.

With that knowledge, we can deduce that something which is “non-fungible”, such as an NFT, can not be replaced by another identical item.

What can be an NFT?

Just about anything you can imagine can be an NFT: exclusive music, the contract to your home, a concert ticket, your medical records, the original “Charlie Bit My Finger” video from the early days of YouTube, a celebrity’s Tweet, or a $3 Million picture of an ape to be used as your profile pic on Twitter. An NFT version of each of the above-mentioned items would all have one thing in common. Nobody else can ever have the exact same one as you.

“But”, you say, “I can save a few million dollars on the ape picture by just right-clicking and saving to my desktop! I’ve beaten the system! People are stupid for spending millions of dollars on pictures of cartoon animals.” And you’d be partially correct. You can save the picture to your desktop, but you’ll only have a copy of the original NFT.

Diving more into NFTs

Imagine this: You’re on vacation in Paris and you decide to visit the Louvre. You get to see the Mona Lisa in person and, as underwhelming as it may have been (if you’ve seen it, you’ll know what I mean), you decide that you’d like to hang the Mona Lisa in your house, so you stop at the gift shop on your way out and pick one up. When you finally get home, you hang the picture on your wall. Voilà! You now have the Mona Lisa hanging in your home!

Except you don’t. And you never will, because there is only one Mona Lisa and it is still hanging in the Louvre. You have an imitation. A copy. A nearly valueless representation of the original.

The same is true for NFTs. You can have as many copies as you want, but unless the original token was transferred to your crypto wallet, you don’t own the NFT.

How can you tell the difference between an original NFT and an imitation if the image is identical?

One of the most attractive features of NFTs for collectors and artists alike, is that they reside on the blockchain: a digital ledger that allows anybody and everybody to track the entire history of the NFT. On the blockchain, we can see information like who created the token and when, how many times it has traded hands, and even how much it was sold for in each trade. There is no way to hide this info, and no way to fake it.

What makes them so valuable?

There is a multitude of things that could contribute to the value of an NFT, most notably their scarcity and the overall strength of the community backing them. Another major factor that can add to the value of an NFT, is its utility. Is it useful? As I mentioned before, there are an infinite number of ways they can be utilized, but I’d like to share one of my favourite use cases for NFTs: Play-2-Earn (P2E) gaming.

Will Piccolo token dive into the world of NFTs?

To explain this further, let’s take a look at one of my personal crypto projects, Piccolo [$PINU]. Piccolo is an excellent example of a project that has been building its entire product line around ensuring that its NFTs have utility. The team has been working diligently with top game studio, Larva Games, to develop a P2E trading card game in which players will be able to use their cards, which are NFTs, to battle friends or strangers on a virtual battlefield, and here’s the kicker: players will be able to make actual money by simply playing the game. Much like popular trading card games Pokemon and Yu-Gi-Oh, the cards will vary in rarity. The rarer the card, the more powerful it will be and the more one will be able to sell it for on the secondary market. NFT owners will also be able to give their NFTs potions to increase their overall power and, ultimately, their value.

To make things even more exciting, Piccolo recently made a massive purchase of virtual land in the Sandbox metaverse next to the legendary gaming giant, Atari. As a result, players will be able to make money battling their foes in a mind-blowing virtual reality experience. But wait, there’s more!

When does Piccolo team plan to have it’s own NFTs?

15th February 2022 will have the release of 10,000 3D NFTs. The Piccolo team will also be releasing an entire collection of 3D NFTs which will be used as playable characters in the game as well as allowing holders to stake said NFTs to earn passive income even when they aren’t playing the game! The crypto world is currently witnessing an intense race to the P2E throne, and Piccolo is leading that charge.

Alright. I think I’ve said everything I wanted to say. Hopefully, you can all walk away from this article with a basic understanding of what NFTs are, how they work, and where some of their value comes from. I even threw in some bonus info on one of the best projects to research in the NFT/P2E space for those who made it to the end of this article.

There’s a lot more to learn about NFTs in general and how to profit from trading them. As always, the more research you do into the topic, the better off you’ll be, and the more excited you’ll be for what the future of NFTs has in store for early adopters and the masses alike. Now close this window, get out there and get trading! A virtual world of opportunity awaits those who put forth the effort.

Join us on any of our social media for more questions @PiccoloInu

Article by Austin Astral (Piccolo Team)

The post Let’s talk about NFTs! appeared first on Piccolo Token.

If you’re wondering where you should be purchasing $PINU, look no further! $PINU, similar to tokens like SHIB and SAITAMA developed on the Ethereum blockchain, was first released on Uniswap. This is where you can buy your PINU or any other Ethereum blockchain token using ETH in your wallet. How to buy our token using a Metamask wallet will be discussed in further detail below.

Aside from Uniswap, you also have other purchasing options for PINU such as Pinuswap, Shibswap, FegEx, Lbank, Hotbit, Bitmart, Bkex, and XT.com with others always in the works. This push to list on multiple exchanges within the first months of release was done by the team so that the token could reach as many investors as possible. Those who are already on those exchanges will be able to invest in PINU whilst not having to spend too much on Ethereum gas fees.

Why buy from Uniswap over an exchange?

The real question is, why should you purchase your tokens on Uniswap rather than an exchange. Well, there are pros to purchasing tokens on exchanges, including less expensive fees to buy and sell. There are also some cons, which include not being able to fully take advantage of what PINU has to offer with what it already has in place or what’s to come in the future (reflections, staking, NFT’s etc.). Although you will reap the benefits of the token price going up, that is as far as the benefits go withholding them on an exchange.

For this reason, it is highly recommended  that you have your own wallet where you can control the use of your tokens. There are way more benefits provided, especially if you’re going to be a long term holder. The price you pay in Ethereum gas fees is well worth the inevitable trip to the moon.

How do I buy Piccolo token ($PINU) on uniswap?

To take advantage of everything Piccolo token ($PINU) has to offer, buying on Uniswap using your Metamask wallet is best. To buy Piccolo using your Metamask wallet, follow these steps:

Step 1: Create Metamask wallet

Step 2: Buy ETH directly on Metamask wallet or send ETH to your Metamask wallet to be able to purchase $PINU

Step 3: Setup the swap to trade ETH for $PINU

Step 4: Buy and then add $PINU to your wallet to track the moonshot

Here’s a detailed way on how to buy the token –

Step 1: Create a Metamask wallet to be able to buy, sell, and send $$PINU. Be sure to securely save your key phrase when creating your wallet (never share with anyone). Also, it must be noted that if you lose this key phrase, no one can help you recover it to log back into your wallet.

Step 2: Buy Ethereum (ETH) directly on Metamask or transfer it to Metamask from other exchanges you might have ETH. When transferring, make sure you are transferring to the correct wallet address and that it is an ERC-20 network. If you send it to an unknown address, there is no way to get your money back.

Step 3: If you’re buying on a mobile device, open your Metamask wallet application. Once you have ETH in your wallet, select the 3 lines at the top left of the screen. Now, click on where it says “Browser” and input “https://app.uniswap.org/#/swap” where it asks to type the URL. You should see your wallet address at the top right of the screen, and below you will see that you can choose 2 tokens. The token you want to have at the top when buying is ETH. The bottom token will be $PINU, which you will find by inputting the contract address: 0x3a1311B8C404629E38f61D566cefEFed083B9670. This is the individualized and unique identifier that all tokens have, so make sure to use the proper contract address and not just type in the ticker name “PINU.” Then, you will set your slippage by clicking on the settings icon above the top token (in the case ETH) and set your slippage to 10% to be on the safe side and not have your trade reverted and lose gas fees to the price slipping beyond whatever you set. Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. 

If you’re buying on a PC, once you have created your wallet, you will add a Metamask extension to your browser (Google Chrome for example). Once you have done this, you will log into your Metamask. Once logged in, and the extension is open, you will go to the Uniswap website listed above on your browser. From there, click on “Connect Wallet” on the top right of the page. Select Metamask from the list. Metamask extension will open and ask you to approve the connection to Uniswap. Then, Follow the mobile steps while adding tokens and changing slippage. When finally reaching the “Confirm Swap” section, your Metamask extension will ask you if you’d like to confirm the gas price and you would then confirm the purchase.

Step 4: Once the above settings are set, and the amount of $PINU you want to buy has been input, select “Swap” to continue. Then, select “Confirm Swap” to proceed. Now, you will see how much the gas fee will be to purchase the amount of PINU you want. This gas fee will come out of your ETH, so make sure you have enough for the amount of PINU you’re purchasing PLUS the gas fee. Once the transaction goes through, you will be a proud owner of $PINU.

Join us on any of our social media for more questions @PiccoloInu

Article by Nick (Piccolo Team)

The post How to buy Piccolo token ($PINU)? appeared first on Piccolo Token.