1250x260_Light
1250x260

NFTs: The next big thing in online gaming

Date:

Eventually, NFT gaming will become popular. With NFTs, or “non-fungible tokens,” you can keep track of the ownership of any asset, even if it moves around the blockchain. And you can regale a share of that asset to previous owners. It should be a no-brainer for the world’s 3 billion players. To seek unique stuff, gather limited trinkets, and unlock unique art and souvenirs to keep and treasure. One of the hottest new NFT trends for 2022. It Is NFT gaming, and developers and publishers will have a hard time ignoring it. So, what does the future hold for the NFT gaming industry? Let’s take a look…

  • NFT gaming will add value

Let’s start with the most important one. Using non-traditional techniques in gaming can unlock and add value to already-experiencing gameplay. As Chris Clarke of KokoSwap explains, “In the gaming industry, it’s something where if the player is putting their value into the game, it just makes full sense for them to be able to transfer this value out from the game.”

This is Ubisoft’s point of view, as evidenced by the adoption of its own platform, Quartz, and its in-game NFT, Digits, in the game. Quartz was launched to widespread criticism at the end of 2021, but the publisher remained committed to the project. This is critical because non-traditional retailers (NFTs) have the potential to develop a second-hand market for digital games and commodities effectively.

Online gaming

Online gaming
  • Players will take control.

When it comes to purchasing in-game stuff, gamers are familiar with microtransactions and season passes. In contrast, NFTs will allow players to sell products and even earn a share of future resales through the use of NFTs. This is a significant deal for people like me, who grew up selling old video games to pay for new ones when it comes to digital games.

Limited-time skins are currently available in games like FIFA and Fortnite. Both games are scarce, but the developer is in charge of the situation. The selling and resale of things can be controlled by players using NFTs.

  • Play-to-Earn games will be massive.

Games like Axie Infinity (whose Axis can be thought of as virtual Pokémon) and other Play-to-Earn titles are a promising sign of what’s to come. Some players even make a living playing these games. Play-to-Earn games like Axie Infinity, which have 3 million daily users, aren’t going anywhere.

It has been said that some Play-to-Earn games, such as Pokémon and Star dew Valley, are backdoor blockchains; the gameplay comes second to buying and selling cryptocurrency in the pretense of collectible objects.

  • Fans will get greater rewards.

In games, it’s not just about the game you’re playing; it’s also about the players you’re following; the esports stars that create headlines, and the creators who make the games possible. NFTs in games can serve as stepping stones to bring players closer to the fan and teams behind the most popular titles.

It is possible to utilize the NFT earned by purchasing a game’s NFT as a token to acquire access to unique in-game events. In partnership with G2 Esports, one of the world’s largest esports organizations, Samurai Army is a series of randomly produced NFTs that operate as a ticket to a social club, providing members with perks centered on gaming and entertainment.

Popular

Subscribe to our newsletter


Your emaill address should be use only for updating you on our articles, in the respect of the privacy law

Share post:

More like this
Related

Blockchain scalability is a limit, how technologies solve the problem

In modern blockchain, scalability is a limit and is the main problem for meaningful planetary adoption. How technologies solve the problem

The State of Centralized and Decentralized Metaverse

The highlight of Meta's earnings announcement was the $3.7 billion loss from its Metaverse division in the third quarter. As a result, the loss from Metaverse investments for the year to date was $9.4 billion.

Important Performance Metrics for Decentralized Finance

In the world of DeFi, the price-to-sales ratio (P/S ratio) is a critical KPI. It is calculated by dividing the fully diluted market capitalization of the token by its 12-month revenue.

Augmented Reality and Virtual Reality: Key Differences

AR is already interesting for the pure design of the work instruction. For example, explanatory text can be dispensed with if images are enhanced with AR elements and short animations.