NFT game: 4 things you need to know
NFT games are clearly on the rise. NFTs, or non-fungible tokens, are digital currencies held on a blockchain that can track ownership of an asset wherever it goes and offer to resell the percentages to previous owners. It should be a no-brainer for the world’s 3 billion players to hunt down rare items, collect limited trinkets, and discover rare art and memorabilia to treasure.
NFTs can be complex and suffer from poor UX design, making them hard to sell. However, players can be more receptive to NFTs if they are well designed and offer a good price. There is also an environmental impact to consider with NFTs as they can use a lot of energy to produce.
NFT gaming is one of the hottest new trends in the industry and will only grow in popularity over the next few years. If you’re new to NFTs, be sure to check out our in-depth feature to learn more about what they are and how they work. With more and more major publishers getting on board with NFTs, chances are you’ll be partnering with them soon if you aren’t already. So what can we expect from the future of NFT gaming? We’ll take a look.
The future of NFT gaming
1) Value for the gaming industry
NFTs in games could lead to some interesting gaming opportunities. As Chris Clarke of KokoSwap explains, players can put value into games and then take that value out. With its own platform called Quartz, Ubisoft takes this view. The publisher launched Quartz in late 2021 but has stayed on track despite some backlash from fans. Quartz now offers current Ghost Recon Breakpoint players the ability to earn NFTs (Non-Fungible Tokens) from new cosmetic items. These items can be traded, sold or held by the player and are a safer and more flexible way for players to monetize the game. This is not a new concept, but NFTs provide gamers with a safer and more reliable way to take advantage of their gameplay.
2) Control in the hands of the player
In-game items are typically purchased through microtransactions and season passes, as discussed above. However, NFTs give players more power by allowing them to sell items and earn a percentage from future resale. For gamers who grew up reselling old games to buy new ones, this is a huge development in the digital age.
NFTs give players great control over the sale and resale of in-game items. In games like FIFA and Fortnite, NFTs can be used to buy and sell skins and other limited-time items. This allows players to invest in rare items and abilities and then sell them on an NFT market.
This example raises an important issue for avid gamers. If you had a big wallet, you could buy a pre-made super team and earn trophies very quickly. Earning NFTs Many people see NFTs as a reward and never look back. In a sense, NFTs could absorb the worst aspects of real-world football while the wealthier “clubs” prosper.
The property that players can bring to NFT games can also be assumed. Many games are based on customization and a marketplace would allow developers to sell NFT-based assets for their favorite games. This would give players a greater sense of ownership of their gaming experience and could create a whole new economy around NFTs in games.
3) All about interoperability
Non-fungible tokens are a big deal in the gaming world. They can be used in many or all games, and their data and ownership is tracked on a blockchain. This allows them to be easily transferred between games that use the same blockchain. For a publisher like Ubisoft with many big game brands, it would be fascinating to be able to tie them all together using NFT. And against the money laundering charges, Ubisoft has revealed it won’t make money from reselling it on Quartz. This NFT platform is built on the low carbon Tezos blockchain.
NFTs offer an exciting opportunity for game developers and publishers. NFTs allow developers and publishers to create a system where players can own in-game items. This means that if a player buys an item in one game, they may be able to use it in another game. For example, if Ubisoft shut down Ghost Recon Breakpoint but released a new Tom Clancy shooter, players could transfer their “Clancy NFTs” to the new game. However, there are still questions about how far that can go. For example, what are the practicalities of transferring an NFT between multiple game types?
4) Leader of the Metaverse
Games that use NFTs, such as Splinterlands and Axie Infinity, are paving the way for those who want the benefits of the Metaverse and blockchain technology. Metaverse will connect games to other parts of our connected digital future and NFTs will be the glue.
Metaverse is a term for a shared virtual space where people can interact with each other and digital content. It’s still under development, but some believe it has the potential to become as big as or even bigger than the internet.
Metaverse is a broad term that encompasses the entire internet. It is hosted on many platforms, games and websites. The term Metaverse is actually a general term for Web 3.0 which is going to change the way we socialize, work, play video games and interact. The metaverse will have multiple facets and spaces, and we will even have multiple “personalities”. Your Axie self will likely be different from your Call of Duty character, just like your LinkedIn identity will be different from your Twitter self.
Here are some reasons why you should know all about NFT games. Not only because it’s the future, but it can also generate a lot of value. While it’s true that upcoming games will need to conform to previous data, that’s the only setback. Otherwise, Metaverse will also get big hits from NFT games.