What to watch out for

NFT games give players the ability to truly own in-game assets through the use of blockchain technology. Unlike traditional games where items and characters are simply virtual objects owned by game developers, NFTs are verifiable and unique digital assets that players can own, trade, and monetize. Such ownership gives players a sense of value and control over their digital assets, enhancing the overall gaming experience.

Rare and Authentic Digital Items

NFT games introduce the concept of scarcity and authenticity in the digital world. Each NFT represents:

• a unique item,
• a character,
• a limited edition collector’s item, ensuring that no two assets are alike.

This scarcity increases the value of these virtual items, making them highly sought after by collectors and enthusiasts. The ability to own exclusive digital items that cannot be reproduced or counterfeited adds a new level of excitement and rarity to the gameplay. Players can form guilds, organize in-game events or collaborate on virtual projects, fostering a sense of camaraderie and sharing experiences. NFT games provide a platform for players to socialize, showcase their achievements and collectively contribute to the growth and development of the gaming ecosystem.

Improved interoperability

They have the potential to improve interoperability between different gaming platforms and ecosystems. Since NFTs are built on blockchain technology, they can be easily ported and used across multiple games or platforms that support the same standards. This interoperability allows players to transfer their valuable assets from one game to another, creating a smooth and personalized gameplay experience. It also fosters collaboration and partnerships between game developers, further enhancing opportunities for cross-game interactions.

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Why does gamification need blockchain?

Video games are a fairly closed industry, with gamers confined to their dorm rooms, couches, consoles, mobile devices, but primarily the gaming environment. Players come into contact exclusively with the game and its tools (usually collectibles that affect a game character’s abilities or appearance) and only interact with characters within the game that are not connected to the real world.

In addition, most online and offline games can be modified or hacked, giving some players an unfair advantage over others.

Decentralized games offer players what they need: a transparent, immutable and fair system that eliminates the possibility of fraud and allows players to still earn money in the game, not just spend.

Beyond these benefits, blockchain opens up a whole new horizon for developers in a virtually unlimited and vast infrastructure, providing opportunities to integrate an endless array of modules and technologies ranging from VR, AR, cost-effective pseudo-random number generators, and more. Together, these technologies take games beyond handheld interfaces.

The challenges of blockchain gaming

Despite the tremendous promise, blockchain gaming has its drawbacks. One of them is the transfer fee, which can often “eat up” a large portion of a player’s income. Another is the loss of data and the need to reward those who maintain the game universe networks. User interface and experience are also a major barrier to the adoption of blockchain-based games. Finally, blockchains continue to scale poorly, and money laundering using NFT is considered a new form of crime.

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A few obvious NFT features provide online game creators and their customers with entirely new opportunities.

Interoperability of game tokens

NFTs offer a simple solution to the long-standing problem of interoperability in video games. Traditionally, in-game assets have been tied to a specific game or platform, limiting their transferability. However, NFTs provide a standardized framework for creating and sharing digital assets across games within a community of gamers. That is, by utilizing smart contract capabilities, users can truly own their virtual loot.

Cross-platform interoperability is enabled by tokenizing game assets. NFTs can be bought, sold and transferred across platforms, regardless of which game they were created in. This cross-platform compatibility allows players to trade their virtual game items on open markets (exchanges).

For example, did you know that one of the most expensive skins in Counter-Strike is the AWP Dragon Lore sniper rifle? Its value within the platform reaches $1300. According to experienced gamers, this virtual weapon can be sold twice as expensive outside the Steam platform. And the price of the spaceship Revenant from the game EVE Online on some of its servers reached $ 9000. Pumped up characters of World of Warcraft are also expensive. Some players are willing to pay up to $10,000 for an account with high-level characters. Blizzard prohibits such trade and blocks accounts. What if this option were possible?

Utilizing blockchain technology

NFTs rely on blockchain technology to provide transparency, security, and immutability. Decentralized networks ensure that ownership records and transaction histories are protected from unauthorized alteration and can always be verified. This greatly minimizes the risk of gaming asset fraud.

Although it doesn’t eliminate it completely, because backdoors in smart contracts are possible. But so far it is hard to imagine that the average gamer will be concerned about checking the code of a smart contract before buying a cherished skin or a rare game pet.

Possible interoperability issues

While NFT’s role in video game interoperability is promising, several challenges must be addressed for widespread adoption. One of the key challenges is to ensure seamless interoperability between different game engines and platforms, and to establish common standards for creating game NFTs. With fierce competition between game projects, developing these standards can take years. In addition, concerns about the scalability of blockchain need to be addressed.

Did you know that during peak evening hours, there are over 5 million accounts active on Fortnite servers that support cross-platform multiplayer? And if you imagine that time spent playing the game could reward some tangible capital, how much would that number increase by? Recall that the daily number of unique transactions on the Ethereum network is now just over the 1 million bar.

The expansion of the gaming economy of traditional video games through NFTs could create a fundamentally new dimension in the economics of gamer projects. The concept of true ownership of game assets will expand the possibilities of monetizing one’s own achievements. Gamers will have the right to sell or lend their items as they see fit.

A separate secondary market sector will be added to the ecosystem of shooters and role-playing games, where users will be able to earn real returns for their in-game investments. This will encourage their further participation in the ecosystem of Web3 projects, which will gradually turn from entertainment to business.

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