DIGITAL ARMS IS THE FIREARM INDUSTRY’S NFT EARLY MOVER
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If you can spare just a few minutes, here are what investors, founders, hunting and firearm enthusiasts, and the general NFT collectors and artists can learn about Digital Arms — the world’s first firearm NFT platform
The firearm, hunting, and gaming industries are still under-explored: The market size of the global firearm and hunting accessories industry was about USD 6.14 billion in 2019. According to Statista, the figure is estimated to hit USD 9.34 billion by 2027, representing a CAGR of 6.17%. Over the past few decades, an unprecedented number of gamers and hunting enthusiasts have been the drivers of this growth.
The infrastructure for digital firearms and hunting accessories is ramping up: The existing infrastructure for the firearm, gaming, and hunting accessories is struggling to keep pace with the demands of the modern physical firearm owners, including those who play hunting video games. Better digital frameworks and scalable architecture are needed to unlock the stages of growth in the industry. On that front, blockchain has proven essential.
NFTs go beyond digital artwork: At first, the question was, “are NFTs a frothy fad or the biggest gamechanger in the creator economy?” Most of the use cases of NFT are centered around gaming and digital collectibles, but other industries understand the outsized significance of NFTs. By creating a paradigm shift in digital collectibles, NFTs enable online assets to haveverifiable ownership and create scarcity in the process. Because the provenance of NFTs is continuously available, they introduce elements that combine assets and physical art with value in the digital realm. Therefore, NFTs open the doors for firearms to be traded, bought, and sold. Firearm and gaming enthusiasts can ensure authenticity before buying or bidding.
Digital Arms champions NFT breakouts in the Firearm and hunting sector: The massive investment and growing attention in the NFT space demonstrate people’s interest in digital arts and the unique value proposition inherent in verifiable ownership and digital scarcity. As blockchain technology continues its remarkable growth and disruption, the NFT space will evolve with it, growing in market size as well as new business models and use cases. It is the year of firearms, hunting, and gaming. If we witness the proliferation of profile picture NFTs in 2021, 2022 will elevate the global firearm industry. Those in hunting safaris, firearm enthusiasts, ammunition manufacturers, and everyone in the hunting and gaming industries could all win big. Digital arms saw this opportunity and have created the only firearms industry-supported cryptocurrency.
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Blockchain has started touching the real world in unique, unexpected ways. Its technical and economic foundations now transcend many industries that founders outside of this space — with real-world expertise and deep domain knowledge, discover it can be extended to disrupt the current rules of different sectors. The best example to date has been NFT, which has disrupted the digital artwork industry. Authenticity, digital ownership, inclusive growth, and transferability — the NFT ecosystem is seeing rapid innovations in new opportunities and real-life experiments. The set of best practices for Non- Fungible tokens to facilitate the creation of real-world infrastructure is evolving. Early NFT projects are now refactoring and re-evaluating their core offerings based on recent innovations around creating real-world infrastructure. Communities, especially those involved in gaming, are being realigned and disrupted.
NFT for Digital collectibles. NFT for music. NFT for real estate. NFT for virtual land. NFTs can do more; they may architect how the next climate-change protocol is designed. They are that powerful. With more than 1 billion firearms in circulation worldwide (85% of which belongs to civilians), the global firearm and hunting industries are set for disruption. Unsurprisingly, the hunting sector generates about USD 86.9 billion annually in the US. As more searches for immersive games continue to grow, gaming as a global business is worth about USD 175 billion, with more than $3.2 billion spent on video gaming in Australia in 2019. With these reports, structured but decentralized marketplaces for firearm and hunting industries are an exciting spot. For instance, ownership of physical firearms is well established in the traditional hunting and firearm marketplace but lacks digital and verifiable ownership.
This segment of the market has started gaining impressive traction and evolving rapidly. This includes the opportunity to add multiple accessories like optical sights, high-capacity magazines, grips, suppressors, and being reskinned in different colors and/or designs. Demands for these functionalities also benefit the video gamers such as the collectors and those in first-person shooting games. The programmability of NFT abstracts that problem, making it simple and easy for firearm and hunting enthusiasts and those who see firearms as a tool to own and trade valuable firearm NFTs with real-life benefits. Digital Arms, committed to building the world’s first firearm NFT marketplace, proves to be a pioneer in the budding “firearm and hunting NFT” movement.
An audience of raving fans meets booming industry: Firearms meet NFT
To reimagine the infrastructure and protocols that make the firearm and hunting industries misaligned and obscure today might need a more orthogonal approach. The answer is in the number of video game players in the world: about 2.69 billion video game players. That’s more than the population of many countries combined. For manufacturers in the firearm and ammunition industry, licensing the images of guns and other accessories became important since no payment is often received for using branded firearm images. Given the huge amount of money invested in hunting and gaming spaces, manufacturers’ explicit authorizations and licenses to prove valid ownership are important. Such an agreement will also reduce the possibility of using firearm products and accessories in an unflattering and illegal manner. Over the past years, the video game and firearm industries have successfully fused a mutually marketing connection that’s responsible for about a 55% increase in the number of hunters in the USA post-Covid19. It’s still early days, but firearm manufacturers have realized video games are perfect for promoting their brands to millions of customers.
In 2021, we saw the potential of social tokens amidst an intermix of GameFi projects all stitched together with the cartilage of NFTs. In 2022, things have started growing as more and more industries seek to leverage NFTs to open up new economic opportunities. NFT will edge into the hunting and firearm industries. It will flirt with the gaming sector. Non-Fungible Tokens will democratize different social communities and disrupt the traditional legacy industries, with social tokens serving as the internal incentive mechanism of the community. No platform is better poised to lead this radical shift than Digital Arms — the first NFT trading platform for hunting and firearm enthusiasts.
Introducing Digital Arms
Since the emergence of the NFT craze, the hunting and firearm community has been passionate about having an NFT marketplace of its own. Digital Arms is an apt avatar representing the convergence of physical assets like firearms and digital ownership through NFTs. Realistic graphics and three-dimensional objects in video games are overly computationally intensive for an industry like hunting. As the Metaverse matures, those virtual spaces are to be created and rendered, together with millions of firearm avatars and ammunition accessories to populate the metaverse space. Digital Arms’ first pitch is to create a decentralized platform to buy and sell firearm NFTs and other collectibles.
Since a license is required to transfer rights in digital content, most NFT marketplaces convey (sometimes with the token itself) a limited license to display and view the associated content for non-commercial purposes. Digital Arms’s partnership for an exclusive licensing agreement with Barrett Manufacturing Inc. will allow them to design, develop, and market Barrett NFTs. In particular, firearm collectors and enthusiasts will be able to buy branded firearm NFTs for the first time. Apart from using these NFTS in games and other digital platforms, users will also have the rare chance of verifiable owning a limited edition of the Barrett Firearm collectible. What a time to be alive!
Without marginal costs, crypto-economic incentives are often used to attract latent assets to enhance productivity at scale through marketplaces. Digital Arms does exactly this and capitalizes on their native token- the $HNTR, the world’s first firearms industry-supported cryptocurrency- to onboard people into the cryptocurrency movement and deliver an immersive metaverse experience to investors and collectors. But the current NFT marketplaces are two-headed. Simply creating the supply side will not work when the demand isn’t there. Digital Arms has a competitive advantage due to its status as an industry leader and partnership with key players in the NFT, firearm, and Metaverse spaces.
The Metaverse is a parallel universe. It requires a unified currency — different terminology, cultural norms, and fiat but one, just one currency. While collectors and investors can participate in the Digital Armory — the hub for firearm enthusiasts and collectors on the Digital Arms platform, it is necessary to engage and transact with the Hunter Tokens ($HNTR). By doing so, Digital Arms has opened Metaverse to hundreds of millions of users and thousands of hunting safaris in the world. Digital Arms has already acquired land with Netvrk to which stores and games will be held.
Perhaps more than any NFT and metaverse project, Digital Arms has positioned itself to take crypto into mainstream adoption. To bring its industry-wide benefits to those that have no interest in crypto. Chris Watkins, famous for Successfully leading several brands to produce a multimillion-dollar company, has already proven his ability to take Digital Arms beyond anyone’s imagination; the opportunity to burn and stake NFT and facilitating an ecosystem to support a world Safari booking site using $HNTR token will open a dizzying portfolio of possibilities, and expand, an infinite set of ways to reimagine the new creator economy powered by the Metaverse.
