NFTs

The crypto industry has always been a topic of interest among investors, traders, and enthusiasts. Every day, new advancements and developments take place that attracts the attention of the masses. Recently, there has been a significant development in the crypto industry related to NFTs (Non-Fungible Tokens) and the gaming industry. NFTs have been the buzzword of 2021 as they have become a massive hit in the art industry. However, the recent development that caught the eye of the crypto world is the rise of NFTs in the gaming industry. In simple terms, NFTs are digital assets that are unique and cannot be replicated or duplicated. The gaming industry has been exploring the application of NFTs in games, where players can own, trade and sell their in-game assets. One significant development in this area is the rise of blockchain-based games such as Axie Infinity, Splinterlands, and The Sandbox. These games have integrated NFTs as a primary feature of the gameplay. Players can own NFTs in the form of characters, weapons, items, and even land within the game. The potential of NFTs in gaming is enormous as it can revolutionize the way we perceive gaming. Traditionally, gaming assets are locked within the game, and players cannot fully own or trade them. However, with the integration of NFTs, players can fully own their in-game assets and trade them on marketplaces such as OpenSea and Nifty Gateway. In addition to allowing players to own and trade game assets outside the game, NFTs also offer a unique and personalized gaming experience. Players can customize their NFTs and showcase them in front of their friends as a sign of their achievements and gaming prowess. One of the most notable blockchain-based games that has taken the crypto world by storm is Axie Infinity. Axie Infinity is a game built on the Ethereum blockchain that allows players to trade, breed, and battle with digital creatures known as Axies. The game has broken records in the crypto industry as players have spent millions of dollars buying and trading Axies. Axie Infinity has created a new economy where players can earn real money through gaming. Players can earn the in-game currency, AXS, by winning battles and completing quests. AXS can be traded on crypto exchanges and turned into real money. Additionally, players can earn SLP (Small Love Potion) by breeding their Axies. SLP can be traded on crypto exchanges and used to purchase more Axies. The rise of blockchain-based games such as Axie Infinity has also created a new category of players known as “play-to-earn” gamers. Play-to-earn gamers are players who make a living playing blockchain-based games such as Axie Infinity by earning in-game currency and trading it for real money. The rise of play-to-earn gamers has challenged the traditional perception of gaming and has offered a new way to make a living through gaming. In conclusion, the integration of NFTs in the gaming industry has enormous potential and has revolutionized the way we perceive gaming. Blockchain-based games such as Axie Infinity have captured the attention of the masses and have created a new economy where players can earn real money through gaming. NFTs offer a unique and personalized gaming experience, allowing players to fully own and trade their in-game assets. The rise of the play-to-earn gamers challenges the traditional perception of gaming and offers a new way to make a living through gaming. The crypto industry is constantly evolving, and with the rise of NFTs in gaming, we are witnessing a new era of gaming that is both exciting and profitable.

Written by Maged Aldayah