Thanks to blockchain technology, users are able to verify the originality of NFTs. The following information is publicly available: who bought and sold the token, the amounts of transactions, and who currently owns it.
Such a system allows owners to prove that they are the holders of their NFTs. When a token is sold, the new owner is recorded on the blockchain. Due to the fact that all transactions with NFTs are recorded, the risk of acquiring a counterfeit is minimized.
What are the notable features of NFT games?
NFT games are developed using smart contracts. They are used to establish the rules and basic mechanics of the product. All this information is securely stored in a blockchain.
Unlike conventional video games, NFT-based products are created with the option of earning digital assets. Basically, rewards come to users for completing certain tasks. As a rule, these are ERC20 tokens listed on cryptocurrency exchanges. Hence, the user can withdraw their coins and sell them easily.
However, the main advantage of NFT games is the possibility to obtain unique NFTs by forming collections from them. The market value of such assets can be particularly high.
How play-to-earn games work
In play-to-earn games, users receive bonuses in the form of cryptocurrency and NFTs for completing tasks. The longer a gamer plays, the more opportunities he has to make a profit. Note that in some such services, the user can also lose their coins and NFT.
The genres of such games come in a wide variety. They include the following:
- Sandbox;
- Strategy;
- Action;
- MOBA, etc.
Let’s consider Axie Infinity as an example. This game is similar to the legendary Pokemon. Users face off in battles with each other. To do this, they cultivate monsters called Axie. The creatures can be bought and sold, earning SLP coins (ERC20 standard). In addition, users can receive collectibles in the form of NFTs. Their value depends on their rarity and current demand from other players.
We recommend you to pay attention to the CryptoBlades (SKILL) project – here there is a function of creating your own NFTs. Users can use them within the game or sell them on external trading platforms. Gamers also receive rewards in the form of cryptocurrency SKRILL, accrued for victories over enemies.
Assets can be multiplied through steaking. The received tokens gain value immediately after liquidity is locked. This game incentivizes users to hold cryptocurrency to increase the value of tokens.