NFT games are a new trend in the bitcoin world that has just recently emerged. Following the rise in popularity of non-fungible tokens (NFTs) last year, developers started to build interactive projects where users could earn real money.
In this post, we’ll learn all you need to know about cryptocurrency games in 2022, including what varieties they come in and how to set up a steady revenue without taking your eyes off the game.
What exactly are crypto games?
Crypto games are initiatives in which players may gain ownership of digital assets whose validity and uniqueness are verified by the blockchain. Additionally, players may freely trade or sell this property both inside the game and on third-party markets.
What does it look like in practice? As an example, consider any feature of the Pokemon franchise. Let’s pretend that each of the Pokemon in the game is a one-of-a-kind NFT with a certain value, and that its owner has complete control over the monster, including the ability to trade it for another or even sell it. Furthermore, depending on a Pokemon’s skill level and evolution stage, its price may climb or decrease, and some of them may be given away for free when certain tasks and missions are performed.
It’s vital to remember that in most recent NFT games (but not all), you’ll have to pay for your first conditional “Pokemon” (a map in a TCG, a plot in a farming simulator, a vehicle in motorsports, etc.). As a result, before investing your crypto in a certain project, it’s a good idea to read several evaluations to make sure it’s trustworthy.
The benefits and drawbacks of NFT games
Among the obvious benefits are:
- A large portion of the well-known and well-proven games based on bitcoin and activities with it (which now number in the hundreds) is very transparent. This reduces the danger of both gamers and developers defrauding one other.
- Non-fungible tokens earned during gaming may be bought and sold both inside the game and on dedicated platforms for NFT trading. Rare guns in shooters, player cards in soccer games, RPG gear, and other objects, for example, have inherent worth outside of the games in which they are utilized.
- Developers get functional input. Because the internal economy of NFT games is directly dependent on the activities of users, the designers of such projects pay attention to their requests and make modifications to the smart contract protocol as soon as possible. Some crypto games even feature a decentralized administration structure, with non-fungible token owners voting on all changes.
- The commercialization of time is the most evident benefit. Almost every action in NFT games has a monetary incentive, which is why they are so appealing.
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There are, of course, weaknesses in the system, as well as certain disadvantages:
- The poor design and gameplay of NFT games is the first and most obvious fault. Because they are often made by ordinary NFT fans rather than prominent game designers, most of them resemble browser games from the previous decade. As a result, such initiatives should not be expected to provide storyline or gameplay discoveries (but gradually this problem is being solved and more serious companies have taken up the development of games).
- The Ethereum blockchain, which is known for its sluggish and costly transactions, is used in the majority of existing NFT games. This has a significant impact on in-game activities as well as the acquisition and selling of unique things outside of games. Of course, there are alternatives, but they are few and far between at the present.
NFT games are a natural progression of blockchain systems, and 2022 is unlikely to be the last year for them. The appealing “play to earn” paradigm existed before, but it lacked organization and convenience (think of players who made living leveling heroes in MMORPGs on other people’s accounts). Now that this format has gained a new lease of life, and with the massive interest in NFT from large game publishers, it will very certainly become as widespread as digital storefronts like GOG and Steam in the not-too-distant future.
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