Ever since the first cryptocurrencies came into our lives, we have learned how new, previously un-conceptual financial, trading, and other economic systems could emerge and become so popular that they would change our future. For at least a considerably large part of people in this world who can see the biggest picture of the crypto ecosystem and the unparalleled potential of blockchain technology, we are still in the infancy stage of what is going to change the world we live in forever.
Changes and transformations are already taking place. At fast rates in some cases, while at slower rates in other cases, but the thing is that the transformations are there. One such transformation, driven and triggered by blockchain technology and the whole crypto world, is the massive impact of NFTs in gaming. NFTs have only started to change the gaming industry. Along this, they have started to transform all the relevant industries, including gambling and betting online, which have begun to integrate with gaming.
Let’s see how NFTs impact gaming and in which ways they are changing fundamental things about gaming.
NFT-based gaming provides one thing that was only possible after owning in-game assets. Players who love to play specific games become attached to these games, and they want to leverage in-game assets such as wearable skins, avatars, weapons, etc. NFTs enable them not only to use such assets but own them.
Owning these in-game digital assets means that players can have absolute control over them, trade them, sell them, and generally do whatever they want with them. Imagine a die-hard fan of a game acquiring a unique weapon: NFT. The player gets to own this weapon, and depending on its rarity, value, exclusiveness, and uniqueness, he can trade it or maintain it for use and be the only one who has it.
Gaming becomes much more exciting and interesting for players when there are scarce and unique items up for grabs. They are absolute trophies and users often get passionate about them.
Once they acquire them, they want them to be the only ones – or at least amongst the few who possess them – and they want something to demonstrate the assets’ authenticity.
For rare items, there are always available counterfeits. Still, it is important for gamers to set themselves apart from the masses and distinguish their possessions with the verified authenticity of NFTs. They get a sense of pride, pleasure and perceived status by having certain unique, authentic in-game assets.
One very important feature that can optimize gamers’ experience is that NFTs can be used across platforms and games. Imagine having a unique weapon and using it in more than one game you are currently playing. This property –interoperability– enables NFT owners to be flexible in where and how they use NFTs. By being able to use them in different contexts, users immediately level up their experience and get to have the value of NFTs grow and grow for them, depending on the application.
New, user-driven economies
With NFTs, users can create economies attached to or within the games. By owning in-game assets as NFTs, they eventually develop an entire ecosystem where they can buy, sell, trade, or even bet (yes, some sites for betting online in Indonesia feature NFT betting). By doing all these, gamers eventually get to monetize their gaming experiences and profit from their gaming skills and abilities in acquiring NFTs.
A few words…
NFTs are changing many things we are doing today, from hobbies and interests to gaming and investments. In gaming, NFTs have unlimited potential for transforming the entire ecosystem and turning it into one where users will get the maximum positive and unique experience that has never been thought of before!
Tech expert fresh from the Australian Coast. Been in the tech industry more than 9 years, as part of a Business Growth Group. His out of office days are 100% for freestyle surfing and waves chasing.