The gaming world is evolving rapidly, and blockchain technology plays a significant role in this transformation. One project that’s at the forefront of this change is Altura (ALU). Altura is a blockchain initiative that aims to transform digital ownership in the gaming sector by making it possible to create, exchange, and incorporate “smart NFTs” into applications and games. These NFTs give gamers real ownership of their in-game assets, which they can trade or sell, something traditional games have not allowed until now.
This article will discuss what Altura is, how it works, its features, and whether it’s a good investment.
What is Altura (ALU)?
Founded in 2021 by Majid Hailat, a computer engineering student from the University of Toronto, Altura focuses on integrating blockchain technology into gaming to provide true digital ownership. Hailat’s vision was to create a platform where gamers could have actual control over their in-game assets through blockchain-powered smart Non-fungible tokens (NFT). By 2023, Hailat teamed up with Tanner Matthews, a CPA with experience in strategic consulting, to help grow the project.
Altura stands out in the Web3 gaming industry with its Unity-verified solution and pioneering Smart NFTs, offering developers a platform to create games and monetize assets efficiently. The company’s program was marked by a major update to its Non-fungible tokens (NFT) marketplace in August 2023, further sealing its place in the Web3 gaming world.
How Does Altura (ALU) Work?
Altura’s platform simplifies the process of creating, managing, and transferring NFTs within games. This is done through easy-to-use tools like APIs and SDKs, making it accessible even for developers with limited technical knowledge. By following the ERC1155 standard for NFTs, Altura supports a wide range of blockchains such as Ethereum, Polygon, Avalanche, and more, giving developers flexibility in selecting the best network for their projects.
A key feature is lazy minting, which allows developers to mint NFTs without paying high upfront fees, offering a more economical and flexible approach. Altura’s marketplace also enables developers to create custom NFT marketplaces without compromising their game’s visual identity, and it supports transactions in both native coins and stablecoins.
Key Features of Altura (ALU)
Altura offers several key features that enhance both the developer and player experience in the gaming space. It allows developers to easily create and manage NFTs through simple tools like APIs and Software Development Kit (SDK). Its smart NFTs are dynamic and can change properties, making them more interactive compared to traditional static NFTs. Altura also introduces lazy minting, letting developers create NFTs without paying high upfront fees.
Its Altura Guard system simplifies the login process and ensures secure transactions for players. Additionally, the platform supports a multi-chain environment, enabling developers to choose the best blockchain for their game. Altura’s marketplace is designed to empower developers by giving them a platform to launch their own branded NFT marketplaces. The marketplace also acts as a launchpad for developers to monetize their games and reach a large audience of over 50,000 players. With low transaction fees (4%), creators can list their games and receive royalties from in-game sales.
What Is The ALU Coin?
ALU is the native cryptocurrency of the Altura platform, designed to be used within the ecosystem. The primary function of the ALU coin is to facilitate transactions on the Altura marketplace, where users are offered low transaction fees. When users buy or sell NFTs using ALU, they pay a 2.5% transaction fee, compared to the standard 4% fee when using other currencies. This makes using ALU more attractive for those active on the platform.
Additionally, the Altura (ALU) token is planned to have more uses in the future, such as offering community tiers based on the number of tokens held, which can unlock special benefits for users. It’s important to note that while Altura (ALU) is a utility token, it does not promise financial gains or serve as an investment vehicle.
Tokenomics and Price Forecast for 2025
The tokenomics of the Altura (ALU) token is as follows:
Market price: $0.1093
Market cap: $108.25M
24-hour trade volume: $30.62M
Total supply: 990M ALU
Circulating supply: 990M ALU
Based on the current market trends and supply, let’s forecast its price for the year.
| Month | Minimum Price | Average Price | Maximum Price | Potential ROI |
| January | $ 0.103658 | $ 0.21221 | $ 0.358507 | 227.24% |
| February | $ 0.326066 | $ 0.423317 | $ 0.49962 | 356.04% |
| March | $ 0.261334 | $ 0.318046 | $ 0.386477 | 252.77% |
| April | $ 0.364056 | $ 0.381969 | $ 0.424925 | 287.86% |
| May | $ 0.282174 | $ 0.344757 | $ 0.383777 | 250.30% |
| June | $ 0.230622 | $ 0.265883 | $ 0.29731 | 171.38% |
| July | $ 0.249633 | $ 0.271503 | $ 0.293021 | 167.46% |
| August | $ 0.178496 | $ 0.202997 | $ 0.245168 | 123.78% |
| September | $ 0.18987 | $ 0.206208 | $ 0.226549 | 106.79% |
| October | $ 0.190937 | $ 0.208734 | $ 0.255445 | 133.17% |
| November | $ 0.252222 | $ 0.275929 | $ 0.291725 | 166.28% |
| December | $ 0.254272 | $ 0.269368 | $ 0.287625 | 162.54% |
Where to buy Altura (ALU) Crypto?
Altura (ALU) can be traded on the following exchanges:
- Bitget
- HTX
- MEXC
- Gate.io
- BingX
- BitMart
- XT.COM
- BVOX
- CoinEx
- Bitrue
Conclusion
Altura offers significant innovation in the gaming world. But it’s essential to understand that ALU is a utility token and not an investment vehicle. The primary goal of ALU is to enhance the user experience within the Altura platform, not to generate financial returns. It’s not a security and doesn’t guarantee profits. The future of ALU depends on how well Altura can grow its ecosystem, add new features, and increase its user base within the gaming community.
While Altura’s approach to digital ownership and its strong development tools show promise, investing in ALU comes with risks. If you believe in the future of blockchain in gaming, supporting Altura might be appealing. But just like with any cryptocurrency, it’s essential to conduct research and be cautious. The decision to invest should be based on the project’s growth potential and investors’ risk tolerance.