NFTs or non-fungible tokens are basically digital assets, which can be anything from an image, a piece of art, or a collectible. What makes NFTs unique is that when you own an NFT, you actually have the ownership rights to owning the original. That means that these NFTs cannot at all be replicated or reproduced. While “copies” can theoretically be made, the ownership of the original thing is unique and distinct to you and you alone.
Here’s how NFTs has impacted the gaming industry.
1. NFTs allows you to enter the famed metaverse
Through NFTs, game developers are now be able to build into their games an entryway to the metaverse. The metaverse, the virtual world that’s being pushed by many companies as of late, is the home and place where NFTs can be found. Allowing gamers to enter the digital world of the metaverse enables and fosters new ways of play that even the most innovative games of the past have yet to explore.
2. NFTs has revolutionized the way gaming marketplaces are done
Because the main focus of NFTs is the unique digital ownership of assets, game developers are be able to allow players to own unique in-game items that they themselves can sell or exchange on the metaverse marketplace. Whether it be cosmetic items such as clothes or skins, character abilities and skills, or even whole levels, NFTs allows gamers to have ownership of their in-game items and definitely gives life to the gaming economy in many ways.
3. NFTs and play-to-earn games
With the introduction of NFTs in gaming, we’ve also seen the rise of play-to-earn games that utilize NFTs in unique ways. Play-to-earn games, as the name implies, are games that grant gamers real-world value for playing. With NFTs and other pillars of cryptocurrencies slowly making their way into industries such as gaming, more and more developers have also started to create play-to-win games that allows gamers to not only have fun but earn a good amount of money as well.
4. A massive opportunity for completionist and collectors
NFTs in games definitely provides a whole new dimension to collectors and completionist gamers out there. With the premium being given on the digital ownership of NFTs, there’s no doubt that these items encourages game developers to create unique NFTs that gamers can now collect, exchange, and even sell.
There’s also that added novelty of grinding and playing for something that you and only you will ever be able to own, as NFTs are, non-fungible. Through NFTs, collectors’ items are not only rarer but the whole process of collecting and completing item lists has a whole new dimension of fun and play.
Conclusion
There we have it, a brief list of how NFTs will change the gaming economy as we know it. As more and more developers start to develop games with NFT integration, expect more innovative ways of how NFTs are used in-game. It is definitely a good time to be a gamer.
