The Role of NFTs in the Gaming Industry
Non-fungible tokens (NFTs) have become a defining trend throughout this year. The NFT craze that started earlier this year has produced impressive numbers, as many records sales have been registered, and the market has expanded by 1,785% in just the first three months of 2021.
However, before the market crash we witnessed in May, the whole NFT market had already suffered a silent crash in April. It all seemed to indicate that the NFT hype was over, but that was simply not the case. This unique technology disrupts many industries from sports, fashion, art, and, of course, Gaming.
In the gaming industry, developers are still looking for new ways to innovate in-game economies and to integrate NFTs within the playing experience itself. Gold Fever, in particular, has taken the concept of NFTs and blockchain gaming to the next level.
Gold Fever 2.0 NFTs
Within the Gold Fever dynamic economy, every in-game item, mining license, infrastructure, and vehicle are NFTs. These NFTs can be bought, sold, or even rented to other players to generate passive income.
Furthermore, NFT infrastructures are more than simple buildings. They are a form of virtual real estate and represent a chance for players to become business owners, generating a source of passive income for themselves. NFTs will allow players to assume several in-game professions, which range from merchants, scavengers, gold mining tycoons, staples owners, and much more.
How NFTs are disrupting the gaming space
Blockchain technology has the potential to elevate virtual economies, allowing gamers to have unparalleled transparency when it comes to item ownership.
NFTs ensure that any in-game item belongs to its rightful owner and is always accessible. If a gaming server goes down temporarily or is shut down permanently, every item collected will become unusable. However, due to the decentralization offered by the blockchain, NFT items will never be lost even if the game ceases to exist.
Another important advantage is the inherent value NFT items offer. Imagine buying a skin for your character, a popular trend within online games these days. When you make that purchase on a non-blockchain game, you’ll be unable to sell that skin because it has no inherent value. In order to get money, you would have to sell your entire account, and even then, you would only receive a fraction of what you paid for the skins.
Get used to it, gamers: NFTs are here to stay!
Although they offer several advantages nowadays, there are still several use cases still to be fully developed. One example is how Gold Fever aims to allow for co-ownership of NFTs in the future, allowing for several players to co-manage the same business with different permissions.
Imagine a gaming multiverse, where items from different games can be used within the same virtual reality environment and exchanged on a mutual marketplace. That is what the future holds for NFT gaming.
About Gold Fever
Gold Fever is a challenging free-to-play RPG that leverages the power of the blockchain with the creation of a decentralized economy.
Gold Fever, in its essence, is a thrilling and addictive online multiplayer video game, mirroring the physical world into the digital one and allowing players to take actual ownership of scarce in-game items through Non-Fungible Tokens (NFTs).
The Gold Fever economy is a junction of many moving parts that are dynamically adjusted. In Gold Fever, all participants have a seat at the table. Being able to vote and to dictate the future of the game through the governance token. Used for proposals on how to improve/evolve this digital world economy.
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