What is Doom?
Doom is a cryptocurrency that was launched back in 2021 and was created to be used as a currency with the end goal of it being adopted into the gaming industry, where it can be used to purchase games from developers supporting this coin.
Who Created Doom on the Bitcoin Blockchain?
Nicholas Carlini is the man responsible for creating Doom on the Bitcoin blockchain. The game can easily be played using a keyboard and mouse, but it does lack the “spirit” of the original game. Nevertheless, it gives us an idea of what to expect through Ordinals.
Not much is known about the creators of Doom on the Bitcoin blockchain, other than the vision that they are striving towards; Acceptance into the gaming world. It will no doubt cause Doom coins popularity.
What are Doom NFT Rewards?
NFTs are often used as rewards as part of loyalty programs as they can create more interesting digital interactions between a company and the consumer. When it comes to Doom NFT rewards consumers will be able to obtain specific Doom NFTs.
Because the game has been inscribed on Bitcoin as Inscription 466 through Ordinals we can actually view the game itself as an NFT.
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How to Play Doom?
Doom is an FPS, or “First Person Shooter” game that gained notoriety back in the early ’90s. The game is easily accessible on an emulator. The game being on an emulator means you don’t need to download any software, as the game is installed on a web server somewhere. All you need to do is access the right emulator and the game is readily available.
Is Doom Safe?
At the moment, Doom is a lesser-known ‘altcoin’ as some people would say, and at the moment since it is still relatively new, its position in a safe, secure market remains highly speculative.
Cryptocurrencies are by their nature, speculative. We do not know what their value will be from one day to the next. However, it seems to be that the more popular a coin or token is the safer it tends to be because all these people have invested in it.
A perfect example of this would be Bitcoin or Ethereum, as these are the two most popular in the world. Although, when it comes to lesser-known cryptocurrencies like Doom, it’s important to recognise what the purpose of the coin is, as well as look at the founders and the community.
It is very important to conduct your own due diligence regarding highly speculative assets, and you must never invest more money than you can afford to lose.
Pros & Cons of Doom
The pros and cons regarding any cryptocurrency can be rather extensive, but when you are looking at lesser-known coins the list becomes a lot clearer and helps you understand the prospect of those coins. Take Doom for example.
The pros with Doom at the moment are that you can invest early whilst the coin is still young, before the possibility of it gaining a substantial following, thus increasing its price. Another pro of Doom is that this coin is mineable, unlike a lot of others. So you can actually obtain Doom coins without needing to purchase any.
There are also cons to this coin though like the fact that because it is still relatively new, we don’t really know much about it right now. The fact that it doesn’t even have a rank on CoinMarketCap speaks volumes. Investing in coins that are virtually unknown is risky because we don’t know anything about the project, or who its founders are.
One possible scenario is that you invest a vast sum of money into the coin, and it will either go absolutely nowhere. Or the coin will gain some notoriety, which will cause more people to throw money into it. When the coin has doubled, tripled or even quadrupled in value, the founders will pull the rug (projects that do this are often called rugpulls) and run to never be found again.
What is the Future of Doom?
Another question that gets asked a lot! Again, since the project is in its infancy with no real traction in the crypto-community, nor in the gaming community it is extremely hard to say whether there is a future for Doom.
On one hand, the future could be very bright for Doom, if it can integrate itself into the gaming community as they said. This means that the Doom coin would become a staple currency for purchasing games from developers that support the coin itself. This would generate a supply and demand for the coin, which means that more and more people would buy and use it.
On the flip side, we could see the project run into the ground if it can’t generate the hype or momentum that it hopes/needs to get the project off the ground.
FAQs
Is Doom Legit?
This question gets asked a lot when it comes to cryptocurrencies, especially those that are pretty much unknown to a lot of people. At the moment it’s too early to say whether doom is legit or not because right now, we don’t know really much about the project itself, other than it wants to become an integral part of the gaming community.
Is Doom a Good Investment?
We also don’t know much about the founders. We don’t know who they are or their names, so we can’t do our research on the team. Right now, it’s anyone’s game but if it pays off in the future then it could pay off big time. However, if the opposite happens, you have to be prepared to lose your investment.
How to Get Doom NFT?
There are a number of marketplaces where you can purchase Doom NFTs, which are gaining some popularity. One such marketplace is binance.com, which goes without saying is probably one of the most, if not THE most popular crypto-related marketplace there is. Currently, there is Crypto Doom #450 NFT for sale.
