NFT games are a new type of online game that uses blockchain technology to verify ownership of in-game items. In simple terms, this means that each asset within the game is unique and can be traded or sold on the open market. Although blockchain games are still in their infancy, there are already a couple of titles that have gained worldwide popularity.
In this article, we’ll take a look at how NFT games work and what their future holds, as well as give you our 5 best NFT game picks. So, let’s dive right in!
How Do NFT Games Work?
Blockchain games represent a new type of gaming experience that combines traditional gaming elements with digital assets powered by blockchain technology. In NFT gaming, players receive unique cryptographic tokens (non-fungible tokens or NFTs) to authenticate ownership of their virtual in-game goods.
Ultimate Battle Arena: a Polygon-based Blockchain trading card game made by Fungies team.
Because these goods are based on blockchain infrastructure, they cannot be duplicated, creating a clear asset market that’s secure and immutable. Players can collect, build, trade, and even participate in NFT-based challenges within these virtual worlds.
This creates an expansive digital economy complete with NFT-backed items that may have significant real-world value due to their scarcity and uniqueness. With NFT gaming pushing the boundaries of what was previously thought possible, the potential for this emerging industry to revolutionize the world of virtual trading seems limitless!
NFT Games Market Size
The growth of the play-to-earn game model is driven by an ever-growing demand for new game types and opportunities to invest in cryptocurrencies. Thanks to blockchain technology, NFT games can now offer their players both: a chance to play and interact with in-game assets they own, as well as the opportunity to earn money through trading.
As a result, The NFT games market size was valued at $788.05 Million in 2021 and is expected to grow incrementally, reaching $2890.29 Million by 2028.
The Future of NFT Games
Considering the growth they have experienced over the past few years and the driving factors behind them, the future of NFT games looks radiant.
As developing technology gets more sophisticated, so too will NFT games. Developers are now looking at innovative ways to leverage NFTs in game development – from introducing new items of value into the gameplay to making a more immersive world for the players.
It seems the possibilities are endless and with each new step forward, our digital gaming experience gets even better. Without a doubt, we are witnessing a revolution in the gaming industry unlike anything we’ve seen before!
Top 5 NFT Games
With NFT gaming gaining in popularity, many play-to-earn games are being developed to cater to different gamer preferences. From trading card games to RPGs, there is something for everyone. If you are looking to jump on the blockchain games train (and potentially make some extra cash), you may want to start with one of our selected 5 best NFT games:
The Sandbox is a blockchain game and virtual world with a concept most Minecraft or Roblox players are going to be familiar with. Unlike the two, however, in The Sandbox, you actually can actually own and trade the game assets you create! It runs on Etherium and uses SAND as its in-game currency which can be used to buy equipment, customize your avatar, purchase land, or even govern! The numerous options within the game provide players with an immersive experience and different ways to earn while playing.
Gods Unchained is an NFT trading card game that shares a lot of similarities with Wizards of the Coast’s Magic: The Gathering and Hearthstone. In simple terms, it is a turn-based deck-building TCG with a twist: the cards are NFTs. This means that you as the player actually own the cards you are playing with and are free to trade or sell them. Much like MTG and Hearthstone, the game emphasizes skill and strategy, so mastering your deck and its mechanics can bring you victory even over opponents equipped with better or more expensive cards.
Axie Infinity is an Ethereum-based digital pet universe that allows users to collect, breed, and battle adorable fantasy creatures known as Axies. Through the unique power of Non-Fungible Tokens (NFTs), each Axie is a one-of-a-kind asset that is stored securely on the blockchain.
Players have full ownership of their Axies and can do whatever they wish with them – whether it be fighting in tournaments for ETH prizes or trading Axies with other players on secondary markets. The value of each Axie depends on the rarity of its traits, inherited through the breeding mechanic.
Battle of Guardians
Battle of Guardians is an innovative NFT trading game set in a rich, fantasy world. Players battle against each other to collect rare guardians from the Etherverse through captivating 3D battles and rewards. From dragons to knights, these unique characters can be bought, sold or upgraded as you progress through the game and climb leaderboards for immense rewards.
With engaging graphics and an ever-changing environment full of surprises, Battle of Guardians offers its players endless fun.
Decentraland is an NFT-based virtual world blockchain gaming platform where people can purchase land, create and trade unique assets, explore, and build on their own 3D creations.
The land and all non-fungible tokens’ values are based on the marketplace of supply and demand, so players can make profits as they buy or build tangible things in the game’s virtual world. Decentraland also features exclusive events including interactive art galleries, fashion shows and live shows. These events allow gamers to interact via their avatars, turning Decentraland into a social hub like no other!
Are NFT Games the Future of Gaming?
Although they are still the new kid on the block(chain), NFT games have brought something unique to the table: a new level of player immersion coupled with the opportunity to create, own, and trade in-game assets. Comparing this to games where players pay to unlock skins, cards, or other items without owning them, the appeal of blockchain games becomes crystal clear.
Considering their rapid growth and development, it’s hard to imagine we’ll ever be able to go back to gaming as it was. No, the way is forward and it’s up to the creators to adapt and innovate or see their player base dwindle.
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