NFTs in Gaming, New Horizons
The global gaming industry remains structured to benefit game developers and create a one-directional flow of value where gamers spend money to gain access to in-game assets and gameplay configurations. Blockchain games enable players to have control of acquired utility and the value of in-game purchases much more effectively.
Excuse me, but what is an NFT?
In gaming, blockchain technology is heralded by NFTs. Non-fungible tokens are a cryptocurrency held on the blockchain that can track ownership of an asset wherever it goes and even offers its past owners resale percentages. While something fungible is a mutually interchangeable commodity like a dollar bill, an NFT, being non-fungible, is unique. Owning an NFT is like owning a Banksy artwork. It’s one of a kind.
NFTs in games are digital assets that represent in-game content. They are unique, rare, and indivisible. To expand, the metadata inside each NFT exists as a permanent, unalterable record on the blockchain. Like a certificate of authenticity, the record defines what the token stands for, together with the history of ownership and transaction records. The rarity of each NFT is an essential element of what makes them desirable. While cryptocurrencies like bitcoin are divisible into smaller units, NFTs must be held, sold, and bought as a whole unit and thus are indivisible.
The Perks of Having NFTs in Games
NFTs in gaming environments allow players to own their in-game assets instead of game developers. On the contrary, conventional in-game purchases are one-time, non-transferable investments for the players and remain locked in a single gaming space. The blockchain allows gamers to truly own in-game purchases and sell them to other players. It may even be possible to move them among supported games in the future.
The scarcity of in-game NFT purchases is provable via the immutable records embedded in an NFT’s underlying blockchain network. This distributed public ledger validates the number and uniqueness of each NFT and its ownership history. This way, collectors can always be confident that an NFT is rare and authentic.
Due to centralized servers, in traditional online games, in-game assets exist within proprietary systems that don’t communicate with others. As decentralized games exist on independent blockchains acting as the backend framework for other interconnected games, NFT game assets can be designed to be transferable across different environments.
NFTs exist on the blockchain and are not dependent on a gaming platform. If a non-blockchain game shuts down, the players lose all their in-game assets. NFT assets will continue to exist and can be sold or bought regardless of the state of the game and can not be copied or tampered with since each NFT generates a permanent record when it is issued.
The multi-billion-dollar online gaming industry is fertile ground for blockchain technology to find application modes. From the creative capacity of players and platform creators alike, NFTs will undoubtedly continue to be one of the most critical influencers in the online gaming space.
How we Integrate NFTs in Angelic
In Angelic, we want to create a collaborative development environment where the developers will work with the community. United, we expand the universe!
Want to leave your mark in the Angelverse? You can buy, sell, and rent NFTs of heroes, ships, cosmetics, items, starbase frames, colony land sectors, and other meta-estates such as Nexus shops and embassies. You know, everything you need for intergalactic comfort.
To illustrate how these NFTs can be effectively used in-game, let’s take a look at NFT heroes.
NFT heroes are trainable, which upgrades them. They can have different strategical and tactical roles in combat and even provide indirect bonuses to players and their guilds. You can buy an NFT hero, train it, then sell or rent it, creating a revenue stream for yourself or your guild.
Purchasing an NFT hero is an investment. As your heroes help you progress, you can reap the time and money investment made, with significant premiums over the initial investment. Exciting, isn’t it?