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Showing posts from August, 2022

NFT Gaming: Changing the Face of the Gaming Industry

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  NFT games have taken the online gaming world by storm. Seeing the many benefits of NFT game development, businesses are actively investing in the domain. The video game industry was in dire need of digital property as earlier only businesses were reaping the benefits due to one-directional flow of value. Gamers spend a lot of money on unlocking in-app assets, and once they stop playing the game, all their assets are lost. NFT Game design has changed how gamers purchase in-game assets and how they see online gaming as a whole. Thanks to blockchain-built games and decentralized apps, players can get the value of in-game assets effectively. NFT game design allows players to own the in-game assets forever and it provides them with immutable ownership. Benefits of NFT Games to Players Source of Income NFTs have changed the play-to-win model of online games to the play-to-earn model. Players can earn in-game rewards and they can invest in an NFT character and can either retain it or se...

Future Of Utility NFT Tokens

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  NFTs or Non-Fungible Tokens are evolving faster than time. Since its inception, many different types of NFTs have been developed, and some categories of NFTs look more promising than others.  I would consider that most of us are familiar with the term NFT defining rare digital collectibles in the form or format of JPEG. The most profound example would be the Bored Ape NFT collection. Some of their NFTs are even worth millions..  On the other hand, we have Utility NFTs, which is a not-so-popular concept yet, but these NFTs come with a range of real-world applications and have an auspicious future. Thus, many businesses are partnering with NFT developers to build their Utility NFTs.  Utility NFTs v/s Collectible NFTs If you look on the internet or NFT marketplaces, you’ll find infinite collectibles of NFTs, as most NFT token development companies developing such tokens based on business needs. However, not all of these NFTs are digital arts or graffiti, some are ev...