When you google blockchain-based games, you get a mixed response about their impact on the gaming industry. While some games try to avoid Non-Fungible Tokens in traditional video games we play, there are game developers who will create a huge difference in the gaming platforms. There are many instances where game developers launch their own NFT gaming marketplace exclusively for the games they come up with. Meanwhile, some gamers did oppose the inclusion of NFTs, and others earned a fortune out of it.
Regardless of this mixed review, there is indeed a future that will impact the gaming industry and other sectors significantly. Though Non-Fungible Tokens have not reached their fullest potential yet, they are still waiting to show their influence in the long run. What is the future that it holds, and how will it bring people together into web3?
NFTs everywhere!
Initially, Non-Fungible Tokens were a simple profile picture project or, in other words, the trending PFP you see on social media. Soon after the bluebird app started accepting NFTs as profile pictures, celebrities started flaunting their NFTs there. They started trending worldwide on Twitter, and slowly, people started recognizing these tokens that hold a worthy value on the blockchain.
Eventually, the NFT boom happened in 2021 making people understand the concept of owning a digital asset. NFTs started selling out for millions of dollars, and people got intrigued as well.
Soon after its boom, there were critics who called NFTs a bubble that would burst anytime soon. It is not worth the hype, and it is a fool’s theory.
That is when NFTs came out with Utilities. After that, they are not just some random digital art or files you have ownership of on the blockchain. They come with exclusive perks that only NFT owners can avail of. The limited supply, exclusive perks, and definite tradable ownership increased the worth of the NFTs several times.
The idea of the token-gated community swiped in and made people get into NFTs further. The objective of bringing utilities to NFTs sparked up the game developers to take up Non-Fungible Tokens to bring out NFT gaming platforms.
A utility that made the change!
When we play games, we always want an improved gaming experience than what we have in default. We use in-game items to achieve this. These in-game items can only be purchased once, and the money we put on them is one time. The items include weapons, accessories, maps, modes, weapon skins, and whatnot. With blockchain, these digital data can be made into NFTs and thus comes with tradeable ownership.
This has brought a huge range of NFT gaming platforms. It is also found that, the NFT gaming sector has acquired a huge investment in the first two quatres of 2022, which is double times higher than all of the previous year.
Taking people to Web3
NFT gaming platforms are now the hangout spot for many gamers, crypto, and NFT traders today. They are the platform that brings fun and finance together. You don’t have to compromise on the gaming experience while you earn a passive income side by side.
Ever since the emergence of video games, every new technology that comes out will take its first try on the gaming platforms. People who are interested in games are the ones who are also interested in new techs.
Since people understand the value of NFTs, they are slowly moving from traditional games to play to earn NFT games. Though NFT games are facing their own challenges, the NFT gaming sector is still in its infancy. With other technologies that will come in place soon, people will enter web3 in masses through games!
Outlook
Not just NFT gaming platforms, other industries are now utilizing web3 and moving to the next level of decentralization with blockchain. Despite the conflict, Traditional gaming platforms are incorporating NFTs and NFT trading platforms to replace in-game items. People get introduced to web3 with these games, and the games are trying to find the solution to many challenges faced today. When these challenges are addressed, the result will be the best for the future generation of gaming platforms.
