June 13, 2024

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What role do NFTs play in gaming?

What role do NFTs play in gaming?

The emergence of NFTs in gaming has sparked excitement among gamers. Selling in-game assets for money did not add to 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 like Bitcoin, Ether, and Co. Finally, each unit is exchangeable for another unit of the same cryptocurrency. We are dealing with an important property of currencies: each unit has the same value. In short: every currency and token should be fungible in cryptocurrencies.

The opposite applies to NFTs: they are not fungible. Each token is equipped with unique properties, so it cannot be exchanged at will. That’s why it’s so important in blockchain games.

Do you want to learn about the most famous blockchain games based on NFT technology? Take a look at our provider comparison.

Blockchain Games: Why Are NFTs Important?

The fact that NFTs are non-fungible gives them many uses in gaming. For example, they are used to represent unique items, weapons, or other in-game items. Avatars can also be depicted as NFTs. Thanks to the transparency of blockchain, you can prove who owns what item anytime, anywhere.

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

Due to its portability, it is also not tied to individual game ecosystems. Alternatively, they can be traded globally.

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

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