The gaming industry has seen constant growth and evolution over the past few years. In 2021, the video game sector in the USA exceeded the $85.86 billion mark, which shows how gamers rule the current world.
Things are getting even better with the blend of NTFS and blockchain technology in gaming. More game developers are now using this to offer an enticing gaming experience that gamers cannot resist. Here is how NTFS is transforming the gaming industry.
Facilitates Gaming Investment
Many people agree that they shy away from gaming due to the fear of being scammed. Most of them have lost significant money when their accounts are stolen and locked. Similarly, they lose their money when they decide to leave their accounts to play different games.
NFTs are changing the narrative. By blending finance with games, gamers can sell in games to other players and collectors, thus minimizing the chances of losing money. Gamers will not be spending anymore. Instead, they will be investing. This is unlike regular gaming, where games are owned by the developers and are held on walled-off data networks. Take your time to understand the NFT meaning in gaming to grasp the idea of how this innovation enables investment.
NFTs allow players to own the assets they purchase to make money on the go. Once you buy an NFT asset, you can choose to keep it or sell it outside the platform where it was developed. This means that NFT items can be sold and traded for fiat money on any NFT marketplace, and considering how scarce the assets are, they have great real-world value.
Play to Earn
NFTs allows gamers to earn money as they play. With over 800 blockchain-based games, gamers can earn rewards with NFTs and cryptocurrency. Even better, some of these games are live, so you can make your money in real-time.
Regular games have no incentives to play. Gamers have to pay to play the games. You need to have a big following or be a professional esports player to monetize your playtime.
On the other hand, NFTs in gaming allows players to earn real money as they play. The best part is that blockchain technology enables users to transact anytime and from wherever, so they can transfer value and get paid to play, regardless of where they come from.
However, players have to purchase the tokens before they start to play, creating a big challenge for the first-timers. Developers hope to improve the onboarding process with time to make onboarding more manageable.
Rent to Earn
If you don’t want to play NFT video games but still want to make money, you can buy the assets then rent them out to guilds. This is more like sell to earn option, but in this case, you lease out the NFTs, so you don’t lose ownership.
You can take advantage of an organization’s NFTs tokens pre-sale before they are listed on the public exchange. This gives you a chance to invest in the tokens at a pre-sale price, which is always lower than the initial exchange value. The pre-sale value is super competitive, so you have to be quick to acquire some.
If you don’t manage to acquire the tokens during the pre-sale, consider buying them once they are available on the exchange. Take your time to compare decentralized prices to make sound purchase decisions that will give you great returns.
Take Away
From the above NFT trends, it is evident that this innovation is here to improve the gaming industry. It will create opportunities for every player to make money, regardless of their gaming skills.
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