The free games market was massive about ten years ago. The height of mobile gaming’s free-to-play era, from Angry Birds to Candy Crush, attracted millions of users worldwide. These were the ways for non-gamers to pick up their phones, download an app, and start playing in minutes. Today games are something that everyone wants to spend their free time with. Blockchain is bringing a lot of changes in many industries, and gaming is not an exception to its invasion. A huge crowd is rushing towards NFT games now, which is opening up the opportunity to explore more in this arena.
This has brought sports-based games like Cricket NFT games, fantasy football games, and more. The NFT marketplace platforms made it easy for the players to easily trade their NFTs. What is Crypto gaming with NFTs, and why should you know about it? Here is the complete insight to answer the questions running on your mind.
What is Crypto gaming?
Crypto games or NFT games are something where users can earn rewards in the form of Cryptocurrency. The rationale behind incorporating crypto assets in gaming is that users can earn an asset that has the potential to increase in value over time.
Traditional gaming can only possess in-game items like XP, avatars, weapons, and boosters. The player retains all rights to these while they are a part of the game and are held by the game’s developers. Any item a player buys spending money, it can never be taken back, and it is restricted to using the asset on the game only. The assets are held by the developers; they cannot be moved from one game to another.
In NFT games, the in-game items will be in the form of NFTs that can be traded in an NFT gaming marketplace. So when a player buys an item using his fiat money or Cryptocurrency, they have explicit ownership of the asset on the blockchain. This makes it easy for the player to resell them to other players on the platform.
Are Crypto gaming Sustainable?
One truth that came out after a series of statistics is that demand for crypto games is skyrocketing. Financiers are also seeking ideas to help in the business. Financial backers are flocking to the system, and numerous blockchain startups are launching. Venture capitalists and other small-scale investors are now rushing towards NFT games, with Metaverse posing a bright future with web 3.0.
An increasing number of investors are joining the crypto gaming ecosystem, implying that the business will get a better market expansion in the coming days. As more game creators create mind-blowing decentralized games, the Industry is continuing to sustain itself even during the crypto crash.
The industry is changing, and new technologies are being introduced to provide users with a better user experience. Crypto gaming will continue to expand as long as game developers continue to excel and users have something to engage them with the opportunity to earn money. So when talking about the sustainability of the crypto gaming industry, this new model will become the future of the gaming industry.
How to find the right NFT game?
Whether it is a normal free-to-play game or a P2E game to earn a passive income, gaming is all about the fun element. If you are looking for a game to play for fun and earn an income out of it, you should keep a few things in mind. They include
- The basic concept of the game and the fun and thrill element in the game decides the reach of the game among the gaming community.
- The graphics of the game interests a lot of gamers in general. Good gaming graphics and the user interface will bring a visual treat to the players.
- The governance of the platform. Since the emergence of blockchain, decentralization has invaded the gaming industry. Many games come with a governance token like Axie Infinity’s SLP token. Trading these tokens can bring a hefty passive income.
- The in-game NFTs and the blockchain in which the game operates should also be taken into consideration.
- After all the above-mentioned categories, look out for the background of the game developers and their previous experience in the gaming industry.
The new swing in the Industry
You might have come across playing Cricket and football from EA sports on your PCs and play stations. Today it is now possible to play Cricket in Metaverse in the P2E model. You will have to buy a Cricket NFTs of various in-game items from a Digital collectibles platform for Cricket and get to play a new set of Cricket or any game of your choice. The sports realm entering this new technology is getting the attention of global gaming fans, cricket lovers, and NFT geeks.
In the beginning, NFT games were all about battling, breeding pets, racing, and hunting. With the Sports realm entering this new swing, many games are coming out, and it is making fans around the globe explore this new technology.
NFT games became a massive success in many parts of the world. People even took these NFT games to the next level by going mainstream. People left their daily jobs to play these games full time as they gave them an income to run their daily lives.
Outlook
Non-Fungible Tokens are now ruling many industries, and they are used everywhere and anywhere now. With Web 3.0 coming around to take over the world, NFTs will exert their complete dominance. NFT games and the NFT gaming marketplace are in a high time now, even during the crypto winter. The number of active wallets is high on these platforms, clearly exhibiting their sustainability and dominance.
