What are NFT Games? By Vineet Singh Chandel, CEO and Founder, Spido7
NFT Games are powered by NFT .i.e. cryptographic assets on blockchain that are distinguished from each other with unique identification codes and metadata. Non-Fungible Tokens can be any or all assets of the game. The players can own and trade these in-game assets. This will revolutionize your game and will provide the users with the ultimate gaming experience.
NFT FACTORS EMPOWERING THE GAMING INDUSTRY
LIQUIDITY
NFTs can be easily traded in the market if the owner wishes to sell them. This opens the door to the players to earn from their NFTs, and for the buyers to own those rare and useful NFTs.
STANDARDIZATION
All of the NFT games are developed under the NFT standards. They are unique, have a transparent ownership, and are verifiable.
PERMANENT
NFT assets are stored in decentralized server. There is no chance of data loss. The NFT owners can easily access their NFT assets outside the game.
TRANSPARENCY
NFT assets cannot be copied or they cannot be hacked. The NFT assets are transparent and all the users can easily find out who the real owner of the NFT is.
SCARCITY
The NFT assets are scarce in nature and they cannot be copied. This factor makes them extremely valuable in the marketplace. This scarcity fuels the prices of NFTs.
VERIFIABLE
All the blockchain transactions are verifiable. This provides trust and a fair benefit to the players by allowing them to buy various NFTs in the marketplace.
NFT BENEFITS FOR GAMES
- With custom virtual assets, it offers exclusive gameplay.
- NFT value increases with the demand for games and assets.
- A unique revenue-generating opportunity exists with NFT games.
- The interoperability of NFT assets allows users to use the assets in a variety of games.
- Developing an NFT marketplace will attract huge audience.
- A transparent market price will be applied to NFT assets.
- Listing of your game assets in the NFT marketplaces will attract new users to your game.
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