The NFT boom in 2021 made people aware of NFTs and blockchain. This is because a lot of celebrities and brands started to come out with their own NFTs. what are these NFTs and why are they getting the spotlight in recent times? Here is a short insight for you to know everything about the new emerging tech.
What is an NFT?
NFTs are Non-Fungible Tokens that are minted on the blockchain network depicting ownership of digital files in the beginning. But later today even real estate properties are even recorded as NFTs on the blockchain.
What is an NFT game?
In a traditional game, you would pay to skip commercials in the middle of the game, purchase weapons and accessories, and so on. This gaming model is known as pay-to-play. However, the features of blockchain have given rise to a new gaming concept. This is the game to earn NFTs and crypto tokens. The in-game assets are made as NFTs, they are bought and sold. This makes sure you don't lose your money on games.
Upshot
The Play to earn NFT games are making a new revolution in the gaming industry. NFT gaming marketplaces are now allowing interoperability. That is one NFT from a game can be used in other games. This will create a new economy in the gaming industry. Even during the crypto crash, these games are still high in demand and people enjoy playing these games since they are fun and they also give a passive income too.
