A revolution is taking place right now in the digital, art, and gaming industries! Combined and holistically, these types of mental activities create new fantastic products. Even 30 years ago, no one could have imagined that it was possible to create a transparent tool, independent of the global banking system, which would transfer your funds or information within seconds.
And even more so, it was impossible to imagine that everyone could become the owner of a genuine work of art and besides monetize it and receive income from it.
As you correctly understood, we are talking about blockchain technology and NFT, which today have made a new round in the development of global digital processes. Particularly interesting are gaming NFTs, which is just a couple of years were able to become the object of everyone’s attention and adoration. Let’s try to figure out how gaming NFTs have become so successful and what’s so special about them.
Gaming NFT Explained
So, the very concept of Non-Fungible Token or NFT appeared relatively recently. It’s a digital asset built on blockchain technology, which allows it to store and transmit information encrypted using cryptography. The value of NFT lies in the fact that each such token represents an object in the real world. It can be paintings, musical compositions, video clips, sculptures, videogames, or any other work of art. NFT exists not only to increase its income but also to promote culture and arts.
Blockchain games and gaming NFTs have been gaining huge momentum lately. Blockchain games are video games of various genres and concepts in which blockchain elements are embedded. As a rule, many of these games integrate gaming NFTs, which function is the disclosure of additional bonuses and content.
It could be anything – new character skins, unique TCG cards, armor, weapons, scrolls, etc. Depending on the genre of the game, NFT mechanics will be integrated differently. In addition, all blockchain games are characterized by the Play-to-Earn mechanics. It’s an opportunity to receive additional income in an in-game token (or NFT) for the player performing certain actions (completing missions, quests, in-game tasks, battles with other players, etc.).
Blockchain games gained success and attention in 2017 when the world saw the first CryptoKitties NFT game. The player could create and customize various cats and then trade, buy, or sell them. After that, gaming NFTs swept the crypto community like a hurricane: blockchain games increased many times and prompted developers to create new products to impoverish the crypto and gaming worlds.
Gaming NFT Marketplace – Best Way to Buy Non-Fungible Game Tokens
From the moment of its appearance to now, the number of existing gaming NFTs have long exceeded millions. There are thousands of fantastic NFT collections, ranging from the most recognizable pop culture characters to never-before-seen creatures and heroes. As we have already learned, NFTs are original in their form and therefore have different costs and prices. It is for regulation and interaction with NFT as a digital asset that there are markets.
Gaming NFT Marketplace is a blockchain technology platform where users can buy, sell, and exchange their NFTs with other users.
At the moment, many sites offer their users various interactive, entertainment, and new features. For example, there is a very popular function of auctions. For example, you want to sell your NFT, but at the moment you do not have a direct buyer, or you are not satisfied with the price. In this case, you can use the services of the NFT Marketplace.
After that, your NFT will be put up for auction at a price that suits you. In fact, as in most transactions, the NFT Marketplace acts as an intermediary between the seller and the buyer, providing them with the most convenient exchange and trading conditions.
Often, NFT Marketplaces are divided into two subspecies. Some sell a collection of exclusively one game that they have developed and maintained. The latter, on the other hand, sell many NFT collections without being tied to a specific game.
Among them is the NFT Marketplace OctoGamex young project with over 70+ collections. This is a convenient platform with many different features that will be relevant for both beginners and experienced crypto enthusiasts.
