CoinTrack - Crypto Currency Tracker logo CoinTrack - Crypto Currency Tracker logo
Cryptopolitan 2021-09-25 10:58:22

A Detailed Guide on NFT Games

With the contact and travel limitations brought about by the pandemic, the world has gone more digital. Cryptocurrency adoption looms on the horizon with its crossover with gaming. Crypto mobile games popped up, but more recently, NFTs games have emerged. NFTs offer an exciting angle to games since they offer a way to quantify and monetize in-game items. Traditional game models bought from a store or online retailer give the thrills of entertainment but do not give that much freedom of innovation. Hours of playing does not sometimes redeem hours invested on characters and items unlocked. Players want something more than fleeting enjoyment. What if the ownership of in-game experience and items wasn’t just digital but tangible as well? Enter Non-Fungible Tokens (NFTs). Games and virtual worlds are increasingly becoming hosts of actual economic activity, enabled and accelerated at scale through blockchain technology. The “play-to-earn” movement is an emerging phenomenon in gaming, wherein players of NFT games collect rewards within the game that can later be converted to real cash. What Is GameFi? GameFi combines gaming and decentralized finance (DeFi), a play-to-earn (P2E) game. It relies on applying blockchain technology, gaming, and several forms of decentralized financial products, like non-fungible tokens (NFTs), yield farming, borrowing and lending, algorithmic stablecoins, etc....

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.