The pandemic allowed us to rethink the social and economic aspects of our lives. Many were craving social connections and interactions. Gaming came as a lifesaver during these tough times. There was a sudden hike in the number of people who took to gaming. It paved the way for many healthy and essential partnerships and collaborations.
As a result, the global gaming industry is growing across all the markets. But how conventional gaming is structured, the perpetual monetary gain and benefits still go to the pockets of the game developer. This approach is very one-directional. While the player puts his time and effort and pays to unlock the access to the in-game assets, the player gets no benefit from it once the game ends. This is when NFTs enter the gaming scene, making it fair for both the developer and the gamer.
Let’s look at how the NFT gaming platforms redefine the gaming industry.
NFT gaming Platform- Revamp your gameplay
Crypto gaming and Gaming NFTs
- The gaming industry, as such, is huge. The gaming industry holds a huge space in the entertainment industry. But game developers and gamers have started looking beyond gaming.
- The gaming industry has always embraced new technological changes. Hence, they can keep up with the times and trends. The gaming industry has stepped into the realm of NFTs by breaking from its boundaries.
- Gamers are also eagerly awaiting the emerging MetaVerse.The blockchain and Cryptocurrencies will be used for the back-end revolution of the Internet, and VR and AR will be leading the front-end of the Internet.
- NFT gaming marketplaces have also adopted the play-to-earn model, which has led to more people turning to NFT games as an alternative career.
Building Virtual Economies through NFT Gaming Platforms
- Every gamer knows that gaming is beyond winning and losing. Gaming is actually like building a virtual community. It paves the way for great collaborations and partnerships.
- There are different types of games, ranging from casual, moderately difficult, to very complex. Now, if we can model matches relevant to the real world, there would be an environment that would help us expand the physical world and help us collaborate better.
- With the cryptocurrency, the games get embedded in the blockchain, allowing users to own in-game assets as gaming NFTs.
NFT Gaming Platforms – Is it just a trend?
- Many might doubt if NFT gaming platforms are just another trend in gaming or what’s the big deal about NFT gaming platforms?
- But here’s the news, Crypto gaming is the future of gaming.
- The users and players can have a clear record of their actions in the blockchain, making it highly trustable and transparent.
- NFT gaming platforms provide social stacks in crypto games; this is how the Internet will be in the future.
- The Internet stirred a lot of discussions when it first came into the picture. It’s the same thing happening with NFT gaming platforms now.
Why is it a steal deal for gamers?
- The NFT gaming marketplace can be very profitable for many gamers. The introduction of NFT has led to many collaborations and partnerships across industries.
- Players enter the game after buying expensive PCs, gaming consoles, or mobile devices. In traditional gaming, the in-game purchases stay within the hand of the game publisher. With NFTs, the ownership of these in-game assets becomes more meaningful.
- Traditional games rely on centralized servers. Thus, these games operate on disparate systems. Gaming NFTs are transferable and interoperable with the other games built on the underlying blockchain.
- NFTs cannot be forged or duplicated because of the unchangeable record generated on the blockchain.
Wrapping up
Blockchain adoption is happening rapidly across the globe. Over time, the NFT gaming platform might expand its market across the video game industry. The potential for profit within the gaming industry will motivate many more brands and non-blockchain gaming platforms to explore NFTs. This can be done by forming partnerships with third-party blockchain projects with experience in the blockchain field. Considering that we are in the nascent stages on our route to web3, many more innovations can be expected in the NFT gaming marketplace.