NFTs are becoming increasingly popular in online gaming. As these digital assets are stored on a blockchain, their easy verifiability allows gamers to buy, sell, and trade with confidence.
Let’s take a closer look at why this would be the case.
In traditional gaming, game items are virtual assets that can be earned or purchased within the game. These assets are typically stored in a centralised way — meaning that they are often valuable only within the confines of the game or platform that they were created in.
By contrast, in Web3 gaming, tokenised game items such as weapons, armour, and other digital goods are stored in a decentralised manner on a blockchain — making them both unique and tradable. Players may even be able to use them in other games or platforms that support the same NFT collection.
Furthermore, NFT items can be bought and sold on decentralised marketplaces. This not only gives players true ownership over their in-game assets, but also creates a player-driven economy where players can buy, sell, and trade NFTs with real-world value.
This is undoubtedly why some undisputed giants in the gaming industry are starting to recognise the tremendous potential of Web3 and are in the process of hopping on the NFT bandwagon. Square Enix, the Japanese company behind the world-famous Final Fantasy game series, has revealed that they are already developing several original blockchain games.
In summary, NFTs are revolutionising the way that players interact with digital assets by offering a new level of ownership and control over these assets and creating new possibilities for game design and gameplay.
Written by: Jpegtologist
