How NFTs transform Gaming Industry?
NFT stands for Non Fungible token which can not be interchanged like cryptocurrencies. When many crypto enthusiasts search for the next big thing after DeFi, the decentralized finance in the crypto market, everyone found the answer as “Non-Fungible Tokens — NFTs”.
Blockchain-based gaming creates value for players more than game developers. In traditional games, the value of flow is always one-directional and the players spend money to get access to any in-game content.
In traditional games, you can buy a skin for any of your favorite weapons and use it. But what do you get in return or what happens for the actual value of items? If you are not able to return or sell it, you will lose it.
With NFTs it is much different. The NFTs preserve or generate value for the players of the game.
When any player buys any in-game assets in the form of NFTs in any blockchain game, they not only get the utility of it but also an actual digital asset that they can own.
The players can even trade or sell it or convert it back and the value of it increases over time. More and more blockchain games are utilizing NFTs in recent days to grab more players to their platform.
Benefits of NFTs in Gaming
Listed here are the benefits of NFTs in the gaming industry.
Ownership
Interoperability
Immutability
Provable Scarcity
Indivisibility and more.
How NFTs can look like in a Game?
As discussed above, the NFTs are being used by many blockchain-based games. Listed here are the general categories of NFTs in gaming that are emerging in recent days.
Branded NFTs
Game- relevant NFTs
Gameplay or Story-Driven NFTs
For more details read, How Non-Fungible Tokens (NFTs) Disrupt The Gaming Industry?
