gaming Industry

As time has passed several new things have come to exist, and over time several new elements have been added to this world that is slowly but surely changing. This can be due to several reasons ranging from the rapidly evolving tech or the changes that every little thing has suddenly been changed. All in all, it is majorly the fact that all these changes are pretty important given that it impacts the entire world. Whether we like it or not the entire world is evolving From basic needs to gaming it’s all quite different from where it all started. Amongst all this, NFTs have started a significant stir in the gaming domain with a newfound concept. While this is indeed revolutionary, the audience while skeptical did consider it a possibility and thereon began the start of a new era and change. 

NFTs took the gaming realm by storm and shook its very foundation but at the same time fixed a major issue. Despite the obvious changes and issues, it completely erased the statement that people loved saying,” gaming is a waste of time.” This statement now became a fossil, a memory of the past because these same games that were once mocked and scorned became a source of income. What could people say now to irritate the youngster when the one thing they could pick on became a profitable venture? That’s not all though, while all these games were initially based on games that can be played on a regular PC and some even on the phone but then there was a giant leap. These NFT games have already made their presence well known in the metaverse and there is more to we already know.

NFTs, especially gaming NFTs have recently been selling like hotcakes and it’s no wonder. Gamers who played without any returns now devote their time to these games that have a reasonable ROI. Though not so much as several other potential investments, this is but the beginning. There is already a huge base that has started investing and purchasing property in the Metaverse so this is no fad.

The Video Game Industry

The gaming industry is something that has always been evolving and changing so it is no surprise that these NFTs are playing a crucial role in this as well. Just to think how far we have already come from the atari and the sega to the game boys, the Playstation, the Xbox, and the gaming PCs. Everything from the consoles, to the medium used to view them, has completely changed from what it initially was. This can be for several reasons, maybe the change in trend, the improvement in graphics, the need for speed, and so on. Whatsoever the reason was it was truly a blessing because gaming today has been made into such an incredible experience allowing people to explore meet and enjoy several new and interesting things. With the inclusion of NFTs, the whole thing has home bonkers. While the metaverse was a concept that was going to be made into reality, no one had seen the intervention on NFTs.

NFT gaming has revolutionized the world and the metaverse in ways one could only imagine. This also goes onto one thing that we gamers hate, and that is unused inventory. Gamers usually need to purchase skins that are rare and only available for a limited period this is because it at least gives them a factor to stand out with. Now once these skins go out of trend and are seldom used, they just lie in the inventory pointlessly, but what if they were NFTs? Things would be completely different. Those virtual untradable assets can now be traded or sold on a gaming NFT marketplace and even gain a profit. This helps him make back or at least gain some returns on an asset that usually has no gains. In simpler terms, NFTs are making waves because of their ability to make a massive impact on the gaming community.

NFTs Set The Stakes High

NFTs as most or all of us know are Non- Fungible Tokens that are sold and traded depending on factors such as rarity, demand, and need. They are a part of the blockchain and have several benefits linked to them. Originally skins or gaming assets bought cannot be 1 of 1 the reason for this is because of their need and demand, but in the case of NFTs such is not the case. These gaming NFTs completely revolutionized the entire domain getting rid of a pretty popular problem. These NFTs quickly took advantage of a domain that was still being established and made it incredibly accessible and investible. The metaverse has become a well-known source of income for crypto investors. This is because several games are made out of blockchain technology and have NFT characters that go up in value as the game progresses. This can be through character upgrades or simply by making points that can be converted into real-time money. 

All that being said, the important factor that one has to note is that despite the recent crypto crash NFTs still have not lost their footing. This may be something surprising because NFTs are from the same blockchain. However one has to note one important difference between them both NFTs can be diversified into many different categories and in this case gaming, NFTs will not take any hit because they still have another purpose and can be sold or traded once the market is more stable.

Conclusion

In simpler terms and to conclude by stating the obvious, it is pretty evident that NFTs are something that is here to stay. Their uses are diversified, their existence is justified and their need is amplified depending on the demand. So whether gaming or art, music or craft, they will still be valued and traded. In the sole context of gaming, they are game changers and certainly have the hots.

By Anurag Rathod

Anurag Rathod, as a blogger he used to spread all about app-based business, startup solution, on-demand business tips and ideas and so on.