WHY NFT ONLINE GAMING IS THE NEXT BIG THING? AN OVERVIEW

Anything that has a chance to make money is always the “next big thing” type. The same is with the NFT. It is entering into every aspect of life, with all kinds of art, entertainment and gaming. The latest sector that has grabbed the interests of developers, startups, etc., is the online gaming industry. Every week, another big-name gaming studio or games storefront is integrating NFTs into its 2022 business strategy. What distinguishes NFT online gaming from regular games is that in-game assets have a real-world value that has not been clearly specified and transparent. Assets can be bought, sold, and traded for thousands of dollars and sometimes millions through established cryptocurrency networks like Ethereum. 

WHAT IS NFT ONLINE GAMING?

Whether NFT is used in gaming or somewhere else, the abbreviation refers to a “Non-Fungible Token” for digital assets. Though the name makes its sound complex, the concept is quite simple. An NFT is a blockchain-based digital crypto token representing unique identification codes and metadata. They can be added to a video clip, digital images or memes, etc. 

NFT is the basis of “play-to-earn” games. In order to play the game and obtain in-game objects, players have to spend a certain sum of cryptocurrency. Despite its form, when you have an NFT for a specific virtual item, you have a validated token for it on a blockchain or a digital ledger. In simple terms, you acquire a particular link that confirms your connection with the digital object…..Read more- WHY NFT ONLINE GAMING IS THE NEXT BIG THING? AN OVERVIEW

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Created on Jun 13th 2022 01:23. Viewed 251 times.

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