The New Era of Crypto-Gaming

Play to Earn Games will make you millions.

Here is the start of the new trend of play-to-earn games. The gaming industry is rising rapidly these days, more crowd is getting attracted towards this gaming culture. According to an August survey by Statista, there are 3.24 billion gamers worldwide. The gaming sector is larger than the movie and music industry combined and it is only growing larger.

When people think of blockchain or Crypto, the first thing that comes to their mind is BItcoin, Decentralization, and security. Cryptocurrencies have managed to prosper despite repeated attempts that have been made to disrupt their networks. One of the key reasons for that is Game theory.

Blockchain technology in gaming is driven by non-fungible tokens (NFTs), digital assets that represent in-game content. These tokens are unique, rare, and indivisible, while the blockchain networks that underpin NFTs facilitate player ownership, provable scarcity, interoperability, and immutability. Together, these advantages have the potential to drive mainstream adoption and a far more equitable value model.

1] What is NFT

• A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a digital ledger. NFTs can be associated with easily-reproducible items such as photos, videos, audio, and other types of digital files as unique items, and use blockchain technology to give the NFT a verified and public proof of ownership. Copies of the original file are not restricted to the owner of the NFT and can be copied and shared like any file. The lack of interchangeability distinguishes NFTs from blockchain cryptocurrencies, such as Bitcoin.

NFTs can be used to represent in-game assets, such as digital plots of land, which are controlled by the user instead of the game developer.NFTs allow assets to be traded on third-party marketplaces without permission from the game developer.

2]What is NFT Game

• An NFT game blends traditional gaming features with novel gameplay mechanisms to provide players more influence over in-game assets such as skins, characters, weapons, virtual territories, and more. Launching games on blockchains and anchoring them with digital asset-powered economies makes this viable. NFTs are commonly used for these digital assets since they are distinctive and tamper-proof.
• The implementation of NFT token standards also allows developers to keep certain of these in-game goods rare and distinctive. As a result, some blockchain gaming assets are seen as more valuable than others. Players can claim ownership of game assets using three major techniques with this system in place. They may create or breed new characters, buy digital things on native or third-party markets, or earn and unlock new items. You have exclusive ownership rights to these game assets regardless of how you access them. In essence, you may distribute or sell them and keep all of the profits. This is what the play-to-earn gaming model is all about in NFT’s.

1. Axie Infinity
2. Gods Unchained
3. Splinterlands
4. Sandbox 3D
5. Alien Worlds
6. Battle Racers
7. Gold Fever
8. Crypto-Snake
9. Neon District
10. Sorare

References: Wikipedia, CryptoPedia , ImageSource, IBM