NFTs, or non-fungible tokens, are a new form of digital asset that has become increasingly popular in the gaming world.
So, what exactly are NFTs?
NFTs, or Non-Fungible Tokens, are a type of digital asset that is stored on the blockchain. When you purchase an NFT token it acts as proof that you own and can use a piece of unique digital content—whether for trading with other users within games or in real-life applications like proving ownership over rare goods
What makes NFTs so exciting for the gaming industry?
One of the biggest draws of NFTs is their ability to monetize game content in new ways. In the past, players would buy a game and then purchase any additional items or levels they wanted within that same title; now, with NFTs available on some games (including CryptoKitties), it’s possible for gamers themselves to own an asset tied directly into gameplay.
NFTs are changing the gaming industry by providing a way for players to access exclusive in-game events.
For example, G2 Esports recently launched Samurai Army — a series of randomly generated NFTs that act as tickets to a social club. By purchasing one of these assets, players gain access to perks focused on gaming and entertainment.
The Future of NFT Gaming
It’s clear that NFTs are going to play a big role in the future of gaming. While there are certainly challenges to overcome, the potential benefits of NFTs cannot be ignored.
Players now have a new way to monetize their in-game content and access exclusive experiences. As technology continues to advance, it will be interesting to see how NFTs continue to shape the gaming world.
List of NFT Games
This is just a short list of NFT games, but there are many more being developed as we speak! These games are a great place to start if you’re looking to get into NFT gaming.
Axie Infinity
Axie Infinity is a non-fungible token-based online video game developed by Vietnamese studio Sky Mavis. The game is filled with creatures called Axies that players can collect as pets. In Axie Infinity, players battle, breed and collect creatures called Axies (pronounced “axe-eyes”). They also raise these digital beasts to build their own kingdoms.
CryptoKitties
CryptoKitties is a game built on the Ethereum blockchain that lets you buy, collect, breed, and sell virtual cats. It’s one of the earliest attempts to deploy blockchain technology for recreation and leisure—and it’s incredibly addictive.
The game was developed by Canadian studio Dapper Labs, whose founder believes that it could help people learn how to use cryptocurrencies like Ethereum.
Alien Worlds
If you’re looking for an alternative to the typical digital world, look no further than Alien Worlds. In this new metaverse game, players can explore and mine resources from different planets, collect and trade NFTs representing creatures, items, and assets.
Players accrue in-game currency, Trilium, through mining and completing quests and battles. Trilium is a cross-chain token that can be purchased on cryptocurrency markets and used for voting in planetary elections and increasing the planet’s reward pool. NFTs can be used for mining, owning or renting land, combat, gaming, or spacecraft missions.
The SandBox
The Sandbox is a play-to-earn game that utilizes blockchain technology and non-fungible tokens (NFTs) in a three-dimensional (3D) metaverse. The game allows users to create and develop their own content on the platform by buying and selling virtual real estate in the form of NFTs. The Sandbox offers a unique gaming experience that provides true ownership of in-game items through the use of NFTs
The Sandbox is an immersive metaverse where players can interact with each other, explore their surroundings and collect new items while earning tokens.
Decentraland
Decentraland is a virtual reality platform that allows you to create and monetize your own content and applications.
Users can purchase virtual real estate, called LAND, which is an NFT that represents a unique parcel of virtual real estate in the Decentraland world. Users can also create, share, and sell unique digital assets, such as clothing and furniture in Decentraland’s virtual world.
NFT aspects reap major benefits
It’s clear that games with inherent NFT aspects often reap major benefits. They can utilize NFTs to create tradable items, and in turn, using a decentralized method to develop content builds up hype and excitement. What’s more, these digital assets have a “use” value beyond just their intrinsic value as tradeable objects. All of these factors have led to new opportunities in the gaming world and have just begun to be explored by current blockchain-based projects.