What role do NFTs play in games?

The appearance of NFTs in games has caused excitement among gamers. Because selling in-game assets for money did not increase the fun of the game. Monetization of games is often criticized. But NFTs play an important role in the blockchain gaming space.

Why are NFTs used in games?

NFTs are fundamentally different from cryptocurrencies such as Bitcoin, Ether and Co. Because with the latter, each unit can be exchanged for another unit of the same cryptocurrency. Here we are dealing with an important property of currencies: each unit has the same value. In short: every coin and token must be fungible into cryptocurrencies.

The opposite is true for NFTs: they are not fungible. Each token comes with unique properties, so you can’t switch them around at will. This is why it is so important in blockchain games.

Want to learn about the most popular NFT-based blockchain games? Take a look at our provider comparison.

Blockchain Games: Why Are NFTs Important?

The fact that NFTs are not interchangeable gives them many uses in games. For example, they are used to represent unique items, weapons, or other items within the game. Avatars can also be designated as NFTs. Thanks to the transparency of the blockchain, you can prove who owns which item at any time and anywhere.

But that’s not all: items can also be traded for better. For example, if you can collect particularly rare or exciting items by playing a game for profit, you might be able to sell them for a profit — thanks to NFTs.

Also, being portable, it is not tied into each game’s ecosystems. Instead, it can be traded globally.

Are you curious about NFT games? Then take a look at our provider comparison. There you will find a selection of blockchain games.