On the blockchain, NFTs are one-of-a-kind digital collectibles. This property makes them perfect for usage as characters, consumables, and other trade-able commodities in video games.
In the game-fi world, NFT games have grown popular as a way to make money. You can sell your NFTs in-game to other collectors and players, or use play-to-earn models to gain tokens.
Make sure you move your gaming NFTs to a wallet that accepts them. When sending the NFT to an NFT marketplace or another user, keep an eye out for common frauds. Finally, check the rules of every NFT game you play carefully to discover if there is any risk of losing.
The majority of NFT games may be found on Ethereum and the Binance Smart Chain (BSC). Some employ collectible characters like CryptoBlades and Axie Infinity in their battles, while others use collectible cards like Sorare.
Binance also sells NFT Mystery Boxes, which allow users to own NFTs of various rarities. These Boxes are part of Collections that feature NFT games.
NFT games have evolved and begun to offer play-to-earn models since their inception with the CryptoKitties craze. Game-Fi, as it’s become known, combines the worlds of finance and gaming, allowing players to earn money while they play. You don’t have to rely solely on winning, discovering, or breeding a rare collectible worth thousands of dollars. Aside from collectible animals, players can now experiment with multiple gaming models in a variety of themes.
What are NFTs?
A Non-Fungible Token (NFT) is a blockchain-based digital, cryptographic token that represents a unique item. There are numerous applications for an NFT. It could be a virtual asset in a game, a collectible piece of crypto art, or even a physical object such as real estate. In a “copy-paste” world, NFTs have solved the long-standing problem of creating decentralized digital collectibility and ownership.
An NFT is a non-fungible token. Because of this property, each token is unique and cannot be swapped for another token in the same way. You can exchange 1 BTC (bitcoin) for another 1 BTC that is exactly the same in every way. This is impossible with an NFT, even if the NFT art is released in a series with multiple versions. In this case, the metadata for each NFT will differ, just as it would in a numbered series of prints.
How do NFT games work?
NFT games are not the same as simply keeping crypto-collectibles in your wallet. NFTs will be used in the rules, mechanisms, and player interactions of an NFT game. A game, for example, could use an NFT to represent your unique character or avatar. NFTs can also be found in digital items found while playing the game. You can then swap or trade your NFTs for profit with other players. A newer, play-to-earn model also allows you to earn money from NFT games, which we’ll go over in more detail later.
So, how do you technically implement NFTs in a game environment? Developers create smart contracts that make up the rules for the NFTs used to swap, create, and implement NFTs within a game. Smart contracts are self-executing blocks of code that are stored on a blockchain.
For example, CryptoKitties has a small number of main contracts that structure the game. The most well-known is their geneScience contract, which determines the random mechanics that create new cats. The game’s code was initially kept secret by the developers. Those who were interested even created tools to calculate the likelihood of specific traits in cats appearing. Players could improve their chances of developing a rare breed worth more money if they had this information.