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NFTs in games: What is behind them?

Terms like “NFT“, “Blockchain” and “crypto gaming” are currently on everyone’s lips and are getting more and more attention from the media and the gaming community. Especially when big companies like Ubisoft jump on the crypto bandwagon and include NFTs in their games or plan to do so, a heated discussion is sparked in the community. We want to take a closer look at the topic and shed light on what NFTs in games actually are.

What are NFTs and how are they used in games?

What exactly is an NFT anyway? The abbreviation stands for “Non-Fungible Token” and basically means “non-exchangeable token”. It is a unique item whose value and authenticity is stored in the blockchain in a forgery-proof manner. NFTs can be, for example, pieces of music, videos, works of art or even digital items for a video game. With the purchase of an NFT, the buyer is the rightful owner of the virtual object.

During NFTs have been popular for a while gain, it is currently a new phenomenon in the area of ​​games. Game developers recognize the potential of NFTs for their games and develop concepts to integrate them into the gaming experience. In games, by purchasing NFTs, one can then legally own digital items whose authenticity and uniqueness are verified in the blockchain. Players can then buy and resell these items as they wish, both within the game and on other platforms, and potentially earn money from them.

More and more games are starting NFTs

With the ongoing crypto trend and increasing attention to NFTs in games, more and more game developers are taking advantage of NFTs. This is currently being done in a variety of ways. For example, the classic entertainment form of casino games has already been inspired by NFTs, which have found their place anyway through digitalization on the Internet and are constantly being renewed. An example of this are the innovative mechanics of the Megawayswhich not only combines the traditional slots with a new game principle, but also with current themes such as the NFTs, such as the NFT Megaways Slot at PokerStars Vegas.

While NFTs are thematically put in the limelight in the slot machine mentioned, other games are completely based on the blockchain or even make it possible to buy NFTs within the game. The big game publisher Ubisoft wrote the headlines here, recently announcing that with the “digits system” NFTs within games to integrate. The company offers the tokens via the new platform Ubisoft Quartz, which is based on the Proof-of-Stake blockchain Tezos based. In the Ghost Recon: Breakpoint video game, the new concept allows players to use cryptocurrencies Purchase cosmetic enhancements as NFTs – although Ubisoft calls these “Digits”. Each purchased skin is unique with its own serial number and can also be sold or bought outside of the game.

In addition to Ubisoft, the publisher Electronic Arts has already announced that they see the future in blockchain and NFTs and already make your own plans in this regard. In the course of this, the FIFA publisher could, for example, issue trading cards for FIFA Ultimate Teams in the form of NFTs make them available for sale or sale. Konami, Square Enix and Krafton are also open to the new crypto trend in gaming and see potential for the future of games.

NFTs in games: What is behind them?, Crypto Trading News

Indie Games on the Blockchain

In addition to the big publishers, numerous smaller studios have already jumped on the crypto bandwagon to create new games and gaming experiences. For example, the announced Guild of Guardians mobile role-playing game from publisher Immutable and developer Stepico is based on the blockchain and “play-to-earn” model. Players create their dream team of “Guardians” and compete against guilds for tradeable rewards. Start-up Sandbox has also entered the crypto gaming space, launching mobile games Sandbox Evolution and Alien Worlds, which leverage blockchain and are based on the play-to-earn model with NFTs. Other blockchain games like F1 Delta Time and CryptoKitties have also gained popularity.

the Blockchain and NFTs are on the verge of disrupting the gaming industry as more companies jump on the crypto bandwagon and introduce NFTs into gaming worlds. NFTs and crypto gaming are still in an early stage, but judging by the current developments and given the increasing interest from publishers, we will certainly hear more about NFTs in games in the future.

Source: Crypto News Deutsch

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