A short intro to NFT games
NFTs are unique, non-fungible tokens that can be used in games and collectibles. They’re stored on the blockchain, which is a digital ledger technology that makes use of cryptography to ensure that no one can forge transactions or tamper with records.
The advent of this new way to play games has opened up a lot of opportunities for developers and gamers alike—and even though it may seem complicated at first glance, you might find yourself surprised by how easy it is to get started!
The latest trends in NFT gaming
The market for NFT games is growing rapidly, with the number of titles increasing every year. We’re seeing a lot of new types of games and new gameplay mechanics being developed.
A few examples are CryptoKitties, which allows users to buy and sell digital collectibles based on real-world cats; CryptoStrikers, an Ethereum-based sports card game that lets you create your own team; Rare Pepe Wallet Cards (RPC), which lets you collect rare Pepe memes; and CryptoPunks: The Collectible Cryptogame (CC), a trading card game that allows users to trade cards via blockchain technology.
The best part about these types of games? They’re all easily accessible thanks to many companies working hard at improving their interfaces so that anyone can play without needing any prior knowledge about cryptocurrencies or blockchain technology.
Which are the NFT games that really matter?
First, you should know the top NFT games.
- Axie Infinity is an online video game with non-fungible tokens. It is well-known for its cryptocurrency-based in-game currency system. The digital critters are known as Axies that are collected and mint NFTs by Axie Infinity players.
- CryptoCelebrities is another NFT game that essentially lets users create their own celebrity tokens (nFTs). These can then be used for trading purposes or as collectibles in this fun virtual world! You can even create an entire marketplace for these celebrities since they are all unique tokens: no two people will have the same celebrity nFTs!
- CryptoPunks is another great example of an NFT game which allows players to collect digital punk characters on their mobile devices by playing various mini-games within this app/platform (similarly like Pokemon Go). This platform also allows users to trade their punk characters with other players around the world, making it possible for them to earn some money off these sales along with getting new friends too!
Analysis of the token usage in NFT games
The token usage in NFT games is a new phenomenon. It is also a way to monetize games, build communities and create a whole new ecosystem. Its main purpose is to allow players to buy virtual goods that can then be sold on secondary markets, allowing the game developer to earn revenue and incentivize players to keep playing. This approach has been successful enough that it has attracted many investors: according to Investopedia, over $1 billion was invested in blockchain-based projects in 2019 alone.
Because this form of monetization is still relatively new—and because most big companies have yet to embrace it as an alternative source of income—NFTs may be undervalued at the moment.
Tips for starting a NFT game with an ICO
An ICO, or initial coin offering, is a fundraising method that has become very popular among blockchain-based projects. It works in a similar way to initial public offerings (IPOs). However, instead of selling shares on the stock market, companies sell digital coins or tokens.
To start an ICO:
- Decide on your product and team members.
- Write a whitepaper that explains why people would want to invest in your project and what value it will bring them. This should include information such as how much money you need to raise and how you plan on spending it; its key features; its competitors; etc., including any special offers or discounts available during pre-sale periods where investors can buy tokens/coins at lower prices than normal so as many people get involved before they’re sold out later on when there’s less supply left for sale once more people want them after hearing about how good the idea sounds! You’ll need this information later when creating promotional materials such as YouTube videos explaining more details about each feature mentioned above (like how much money raised equals how many tokens given out per person).
The NFT game market is still in its infancy
The NFT game market is still in its infancy. As such, it’s difficult to predict whether these games will be successful and how they’ll change the gaming world. However, one thing that is certain is that NFTs are here to stay and will continue growing over time.
This means that there are plenty of opportunities for investors looking to get involved with this new form of digital asset trading. The challenge now will be finding the right project to invest in.