NFTs: The Evolution of Conventional Video Games

avatar
(Edited)

Video games have evolved a lot since their inception, from those primitive games with poor graphic quality in which you had to use your imagination a lot to place yourself in the virtual scenarios that they were supposed to recreate, to the current moments in which the quality of the graphics they are excellent, to the point that they achieve impressive realism.

And if that wasn't enough, we now have, thanks to blockchain and cryptocurrencies, the next step in the evolution of video games, which is NFTs.

imagen.png
Source

It is true that NFTs were not specifically or exclusively created for video games, but they have many purposes and uses, and one of those that is currently being given to them is in the area of virtual games.

But before talking about NFTs a little more deeply, let's talk a little about video games, their essence and general characteristics.

Video games attract children and adults

Nowadays, conventional video games have become an attraction for people of all ages, and they exist in the most diverse forms and devices, which gives them enormous versatility that we all love.

Why have video games been so successful since their inception?

Because they appeal to the playful sense of the human being, that is, the human being loves to play, adventure draws his attention, and he loves novelty, and video games combine these three characteristics.

imagen.png
Source

Imagination and the desire to win, are two of the things that estimulate the videogames on people.

In addition, video games are cheap entertainment, which people of any age and condition can play from the comfort of their homes or anywhere. Video games are a challenge, a challenge in which players must strive and act intelligently to overcome obstacles and achieve the goals of progressing through the levels of the game.

In addition, today we can play videogames on consolas, on computers, and even on our cellphones and other devices.

Video games are a billionaire industry

Due to the aforementioned characteristics, and many other factors, video games have been a successful industry for many years, generating millions of dollars for game development companies.

Thus, Everyday, more and more games are developed, everytime more advanced and interesting, everytime best developed graphically talking, and this give us the advantage (to all the players) of choose wether a giant diversity of games to play.

The rise of NFTs

With the rise of blockchain and Bitcoin and cryptocurrencies, non-fungible tokens emerged over the years (and tokenization). To understand what non-fungible tokens are, we must first know what fungible tokens are. In order not to complicate the explanation I will put it like this, cryptocurrencies are fungible tokens, they are means of value that are exchanged for goods and services, they are negotiable and like fiat money, they can be replicated.

The non-fungible tokens are, on the other hand, unique, irreplicable, irreplaceable tokens, which serve to, through smart contracts, express in tokenized terms something that interests us; from a work of art, to instruments of virtual worlds (like those used in video games to advancing levels).

In fact, with regard to works of art, today many digital artists and graphic designers are tokenizing their works both for the purpose of protecting them from the point of view of copyright (because being tokenized means that they are registered on the blockchain) as well as for the purpose of selling them in specialized NFT markets.

And it is that NFTs have become an economy properly speaking, in a single market in which millions of people are willing to pay a lot of money for goods and services that are represented on the blockchain and guaranteed through smart contracts.

imagen.png
Source

Why are gaming NFTs succeeding?

Regarding game NFTs, nowadays it is very common to read or hear about games like Axie Infinite and many others, and they are part of the great boom that NFTs are having.

Thanks to the tokenized economy of virtual games (such as the aforementioned Axie Infinite), players can have fun and win money at the same time; and in this lies the success of gaming NFTs today; and it is for this reason that it can also be said that this trend is barely in its infancy.

That is, this trend of virtual games tokenized through NFTs, whereby players can earn money for their playing time is just beginning, because in the future, all games will be this way.

The success of the game NFTs is guaranteed by this, because people learn to play the games, while winning the NFTs in the process.

For example, in the case of Axie Infinite, there are two associated tokens, which are AXS and SLP. The first is used to buy the Axies you fight with in the game, and the second is the token that you receive as payment for your progress in the game.

In the case of Axie Infinite, for those who do not know it, it is a game inspired by Pokemon, where players have creatures called Axies (which can be described as a species of fishes or monsters) that they put to fight against each other, in the same pokemon style.

In Axie Infinite, people can breed the Axies, and they can sell or buy them on the marketplace of the platform. Each Axie is unique and unrepeatable, with its particular characteristics that confer advantages on the battlefield and that the player who owns it must know how to use and combine with the qualities of his other Axies in order to obtain victories in the game.

Returning to the topic of why gaming NFTs are being so successful and will continue to be so successful, it is very simple to explain: Earning money for playing is anyone's dream and with gaming platforms that allow you to earn NFTs for playing, this is already possible!

What do you think about this topic? Please comment

Posted Using LeoFinance Beta



0
0
0.000
5 comments
avatar

Excellent explanation. However there is one concern over the fate of unpopular artist. Most of them find it difficult to attract people to their NFT not because the art work is not beautiful but because people are not yet convinced on their project.

Secondly , NFT lacks a good market in the sense that one can easily sell his nft upon listing in market or interaction with a smart contract. This is something that have discouraged people from using NFT

Posted Using LeoFinance Beta

0
0
0.000
avatar

You are right, what you mention are real challenges to overcome by the crypto-nft ecosystem. Thanks for reading!

Posted Using LeoFinance Beta

0
0
0.000
avatar

I was talking about similar topics many times in my vlogs and got bashed a couple of times... :) But, in my opinion, integration of cryptocurrencies and NFTs into conventional video games is inevitable... It will happen sooner or later and those who do that first will have a huge headstart!


I have picked this post on behalf of the @OurPick project and it will be highlighted in the next post!

Comment Footer.jpg

Posted Using LeoFinance Beta

0
0
0.000
avatar

Congratulations @onlycrypto! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 600 upvotes.
Your next target is to reach 700 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Feedback from the October 1st Hive Power Up Day
Hive Power Up Month Challenge - Winners List
0
0
0.000