How NFTs Are Revolutionizing the World of Gaming


Gaming may be the world’s favorite pastime, but what if it turns out to be more profitable than working?

Time is money as they say, especially while enjoying your favorite online game. The time it takes to reach the highest level and acquire the top set of items in any MMORPG (World of Warcraft for example) only holds value because there are people who spend months grinding levels, gold and gear to spare. pay for. The value of digital goods in popular online games fueled an entire industry where workers are hired to play games all day, to earn as much in-game currency as possible, so that they can eventually buy it at their local stores. to sell in return. Posture. In fact, the territories of many Third World countries have become entirely dependent on the billion-dollar business known as “gold farming”.

The challenge though is that all of these games explicitly prohibit any “real life” monetary transactions in relation to your account, your characters, and your items. Discussing or soliciting the sale of your virtual assets is immediate grounds for permanent ban, in which case your account, characters and items will be irrevocably inaccessible.

Because of these restrictions, selling your character or rarity usually requires you to line up a private buyer – otherwise your best option is usually to find 3.third Party Marketplace that connects buyers and sellers. However, there are significant risks involved, as scammers from both sides are prevalent. Typically, account sellers contact the game’s support team to prove their identity as the original owner, thus resetting the account’s login credentials and returning the entirety of what was sold directly to them.

What if you could secure, trade and immortalize your character and all of their items on the blockchain? This is what NFT powered games are now offering with immense success – under this structure, Not only is it allowed to monetize your character, it is displayed as the primary attraction.

axis-infinite-homepage

in June of this year alone NFT-based game Axie Infinity saw players garner over $42 million in sales, going to be the #1 most valuable NFT collection.

We are really at the peak of this trend as there aren’t many NFT-based games in existence, with hardly any AAA developers publicly showing interest, let alone announcing such projects (though we’ll inevitably see this soon) . Given the decentralized mindset of the cryptocurrency community, the NFT space is poised for truly creative and unique indie developers to flourish.

Screenshot of DashLeague.io – Home Page

The most exciting of these independent gaming ventures is DashLeague.io, A Runescape-meets-Minecraft style MMORPG using NFT Tokenomics in completely new ways: Players who conquer a city will earn passive income at city shops from all in-game item sales made by other players. Items can be taken from other players in high-stakes PVP scenarios, with their NFTs transferred to your own wallet in real time.

Teaming up with other players in “Leagues” allows you to beat dungeons as well as split token rewards from maps you’ve conquered in pools. Dashleague is deliberately structured for players to literally make money while they sleep, which is hard to argue with considering the sole purpose of these games: to have fun while making money. What may prove to be his coolest move is his decision to theme the game around the same retro, pixelated style that resonates so strongly with the crypto community as shown through the wild success of the NFT projects. has gone. cryptopunks And meebits.

As the scope of NFTs continues to grow in both awareness and application, one thing is certain – The gaming industry has always been incredibly lucrative (combining both the movie and music industries), and with the adoption of these ultra-monetized NFT structures, would dramatically stimulate real-life economies and jobs as a whole.

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