Nfts Are Going To Rule The Blockchain Gaming Industry, And Here’s Why

By Author: Yulia iCrypto
Total Articles: 5
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First off, what's a blockchain?

Blockchain or a DLT- distributed ledger technology is a record that anyone can add to, nobody can edit, and is not controlled by any person or an entity. The basic idea of blockchain is a ledger with multiple digital copies spread out over various locations. These locations are called nodes, which are often individual computers with copies of the ledger.
And hence, blockchain is decentralized: no one person or entity has authority over the information kept in the record. Instead, the data is spread amongst the many nodes making up the network.

What's an NFT anyway?

While most digital tokens are fungible, a Non-Fungible Token (NFT) is completely unique. That implies that fungible tokens are similar to each other, whereas NFTs are rare, one-of-a-kind collectibles. They can be exchanged across various blockchain protocols and between users themselves. NFT transactions can be programmed onto both traditional blockchains like Ethereum and NFT-specific blockchains like ERC721.

NFTs can be utilized for anything that can be ...
... digitally represented like digital art, music, video game character skins, in-game assets such as weapons and equipment, etc. NFT game entities give gamers ownership over their virtual assets and let them buy and sell freely via NFT marketplaces on blockchain protocols.

NFT adoption in the gaming sector

NFT adoption has grown dramatically among game developers. Gamers are now seeing NFT trading executed straight into their favorite games. CryptoKitties, first released in November 2017, was one of the earliest blockchain gaming applications that allowed users to spawn and gather digital cats, each with their own unique NFT identifiers known as cattributes.

Now, NFT-based projects that allow gamers to use NFTs to deliver new gaming experiences are being designed, like the blockchain-based player-vs.-player battles and NFT-storefronts where players can buy and sell NFTs from other gamers. Gamers can now use NFTs to purchase in-game items and upgrades.

It's noteworthy that it’s not only indie developers who are powering this new wave in the gaming sector. More established video game developers are increasingly interested in including NFTs in their games. For example, Game developer giant Ubisoft has been at the forefront of NFT adoption in the gaming sector.

Pixel Seal, going a step further

An NFT game launched by iCryptoWorld takes the technology a step further. It is a browser-based, animated, 2-D multiplayer NFT game in which the user has to develop and take care of the Baikal seals. Across the 55 levels, gamers don't just experience joys and sorrows while taking care of seals, but the game is also aimed at behavioral modification, making people more sensitive to their actions and their impact on the environment. Gamers can purchase an unlimited number of seals and can catch fish and omul that are credited to the general account and the user can decide where to spend them. This account is also linked to the iCryptoWorld client account and the Trust Wallet. The game allows players to trade seals with other players in the in-game auction and also communicate in the in-game chat and via private messages (for example, share coordinates).

The future of Blockchain Gaming

NFTs are acquiring the blockchain gaming industry soon and game studios no longer have full authority over what gamers do with bought in-game digital assets, implying that new gameplay features will have to be developed to keep gamers engaged and increase NFT activity. NFTs give gamers a way to buy, sell and exchange digital assets in a decentralized way — something games could never do before NFTs.

NFTs makes it possible that users can create their own gaming content and sell it on NFT marketplaces by encoding NFT-specific rules into the actual asset itself, instead of relying on hidden rules within a centralized gaming application.

NFT-powered gaming is causing a massive shift in not just how gamers interact with each other, but also how they’re able to take part in the gaming world. NFT technology is flaring up new methods of financial payment that will empower both gamers and developers for years to come. With all this potential, NFTs hold a huge promise to improve the gaming experienc, both fundamentally and aesthetically, for those who embrace NFT technology within gaming!

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