Most digital collectibles are stored in crypto wallets; however, the Ethereum-based narrative project Forgotten Runes launched in 2021 turned them into characters in a fantasy world owned by players.
The independent team behind the project, Magic Machine, has built a system where those who own Forgotten Runes NFTs can write their backstories in an on-chain archive called 'The Book of Lore.'
Each entry is permanently recorded on blockchain technology, etching members' contributions as part of a shared, evolving history. Unlike the traditional entertainment industry, where studios control every aspect of the story, Forgotten Runes allows its community to directly participate in shaping the world.