what is nft in games?

NFTs have been in the news lately, some selling for millions of dollars, with high-profile memes such as Nyan Cat and "deal with it sunglasses" being put up for auction. Epic, always keen to undermine its rival, stepped in and said it would support blockchain gaming, despite its chief executive, Tim Sweeney, insisting a few weeks earlier that NFTs and similar ideas were a breeding ground for scams and fraud. As more people become interested in gambling and invest their money in gambling NFTs, players who entered the game earlier can sell their NFTs and make money. Conversely, the use of NFTs in gaming environments gives players ownership of their gaming assets rather than the game developers.

The NFT gaming sector is expected to grow alongside the crypto and traditional and e-gaming industries. Since their introduction, non fungible tokens (NFT) have proven time and time again that they have the ability to transform the gaming industry. I fully expect to see an exodus of people from traditional gaming companies to NFT projects, especially when triple-A blockchain games arrive. Players can use NFTs to harvest TLMs, fight in combat and fulfil game objectives in the Alien Worlds metaverse.

Alien Worlds is a DeFi NFT metaverse that mimics economic struggle and teamwork between players in the hope of discovering new planets. Worst of all, if you've invested late in the game and then the developer suddenly shuts down, you're left with useless NFT assets. Vietnam-based Sky Mavis was started by a team of missionaries with the idea that NFT games could create transformative economic power for communities, especially in developing countries where jobs are scarce. Players breed and gather NFT-based digital creatures called Axies in this Ethereum-based game with the primary goal of fighting other players.

But cross a popular game, such as Grand Theft Auto Online, with NFT, and the mix of its entertainment value and profit potential would be earth-shattering. Moreover, blockchain-based game assets cannot be duplicated or manipulated because of the permanent record that each NFT generates when issued. The questions now are how big the market can become without the support of traditional platforms from companies such as Apple, Google or Valve, and what it will look like in a gaming environment where even Epic, which declared its support for blockchain in gaming, is not incorporating NFTs into its own products.

Nelda Ledee
Nelda Ledee

Hipster-friendly pop culture evangelist. Certified food fan. Subtly charming bacon junkie. General twitter fan. Subtly charming web specialist. Award-winning bacon enthusiast.

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