NFT_Creator
What are NFT Games? - Meaning, Types, and Example
The NFT revolution brought many innovations and changes in how things work. One such arena is gaming. There emerged an entirely new class of games that offer super excitement and ever-increasing fun - NFT games.
This blog delves into what are NFT games, how they work, what are associated costs, and more.
Let's get started.
What are NFT Games?
NFTs led to a new passion which became an addiction for many worldwide. The NFT games. The burning combination of gaming and finance resulted in an absolutely novel gameplay model - Game-fi. The traditional online games revolve around searching, winning, and breeding characters in the game.
The new prototype of NFT games incentivizes the whole concept of gaming by giving away crypto tokens, special privileges for crossing some levels in the game, and offering ways of earning a good passive income and more opportunities.
How do NFT games work?
Similar to an NFT that uses a smart contract to derive its utility, the technology underpinning NFT games is also the same - a smart contract. Well, so how do the NFT games work? Unlike the other digital collectibles or artwork NFTs which we can store in wallets, this isn’t true with NFT games.
NFT games use NFTs in different scenarios – game rules, different levels, player interactions, and more. NFTs in an NFT game could be an avatar, a rare character or some ornaments, gems, or something of value, and so on. Moreover, players may trade NFTs with each other to make a profit.
What are NFT Games? - Meaning, Types, and Example
The NFT revolution brought many innovations and changes in how things work. One such arena is gaming. There emerged an entirely new class of games that offer super excitement and ever-increasing fun - NFT games.
This blog delves into what are NFT games, how they work, what are associated costs, and more.
Let's get started.
What are NFT Games?
NFTs led to a new passion which became an addiction for many worldwide. The NFT games. The burning combination of gaming and finance resulted in an absolutely novel gameplay model - Game-fi. The traditional online games revolve around searching, winning, and breeding characters in the game.
The new prototype of NFT games incentivizes the whole concept of gaming by giving away crypto tokens, special privileges for crossing some levels in the game, and offering ways of earning a good passive income and more opportunities.
How do NFT games work?
Similar to an NFT that uses a smart contract to derive its utility, the technology underpinning NFT games is also the same - a smart contract. Well, so how do the NFT games work? Unlike the other digital collectibles or artwork NFTs which we can store in wallets, this isn’t true with NFT games.
NFT games use NFTs in different scenarios – game rules, different levels, player interactions, and more. NFTs in an NFT game could be an avatar, a rare character or some ornaments, gems, or something of value, and so on. Moreover, players may trade NFTs with each other to make a profit.