NFT Games: How Do They Work

Non-fungible tokens (NFTs) are a new form of digital assets that can be traded and used in online games. What is an NFT? It’s similar to the idea of trading cards, but instead, it’s digital assets on the blockchain.They were first introduced by CryptoKitties back in 2017 and have been widely adopted by many other companies since then. In this blog post, we will discuss what non-fungible tokens are and how they work so you can decide if they’re right for your game.Tokens vs. Coins: What’s the Difference?A token is a representation of an asset or utility that can be traded, like coins in games like World of Warcraft (WoW). Tokens are created on top of blockchain technology, and they have their associated addresses on a network. Each NFT has its unique address, which allows users to send them just like an email.NFT allows you to create digital scarcity and own unique things in a game, which is why many games are starting to adopt non-fungible tokens for their item system. It also allows players the opportunity to gain more items or currency without spending money.Traditional Gaming Elements in NFT GamesMany blockchain games have moved past the traditional wallet model, where players need to pay for items. Instead, they’re using decentralized assets that are stored on Ethereum and other blockchains to allow players full ownership of their digital goods. This means no company or central entity is controlling your game assets which makes it fully yours.Items and collectibles like cards can be traded with other users on the platform. This makes it possible all over again to not only own something in a game but also for your investment to pay off down the road, especially if you’re playing an online trading card or strategy RPG (role-playing games). Not only…