Everyone is talking about the development of games using metaverse, NFT, and blockchain technology. This is expected given that such games are novel and provide a completely unique gaming experience. Every month, 65,000 to 690,000 people play NFT metaverse games!
The development of NFT metaverse games is likely to become a substantial source of revenue for both game creators and gamers. That is why it is critical to act now, while blockchain and metaverse technologies are gaining traction. This will provide you a competitive advantage over your competitors.
Here are some tips from My Infinity Games specialists to help you get acquainted with this new trend and prepare for fight.
WHAT ARE BLOCKCHAIN, NFT, AND METAVERSE?
To understand how they are related and may be employed in game creation, you should first have a basic understanding of blockchain games, NFTs, and the metaverse. They are all linked by one factor: blockchain technology.
Blockchain is a highly secure database that is shared among a user base, allowing all users to view the most recent data at the same time. Blockchain technology avoids fraud since records cannot be erased or modified after they are generated. Blockchain is popular for its secure information sharing.
NFTs provide a diverse range of digital things, such as artwork, amusing memes, and in-game content. Users may claim ownership of their purchased things, giving them the potential to resell them and earn real money. NFT games vary from typical ones in that all items belong to the game owners and cannot be utilized outside of the game.
The metaverse is a shared, interactive virtual world with its own internal economies and currencies where users, generally represented by avatars, may communicate, coordinate activities, and construct various objects and surroundings. The game business makes use of the crypto metaverse, which incorporates blockchain technology into its fundamental technology. Although metaverse-like environments have been present in MMOGs for some time, the introduction of blockchain and cryptocurrency is not only fundamentally changing who can play and what they can do in-game, but it is also highlighting the real-world market value of the in-game items, connections, and experiences acquired in blockchain games.
WHAT’S TRENDING IN BLOCKCHAIN GAMING?
The astonishing emergence of play-to-earn gaming is one of the important NFT, metaverse, and blockchain gaming phenomena to keep an eye on. Indeed, P2E games have aided the growth of the blockchain gaming industry. Many notable examples, such as OP Games, show how Web3 gaming arcades are utilized for the purchase, ownership, and transfer of in-game assets. Vorto Network, a platform combining blockchain-enabled and Web3 games, is another excellent example of how blockchain technology is being used in gaming.
CONVERGENCE WITH SOCIAL MEDIA
Blockchain-powered games have the potential to serve as replacements or hybrid social media networks. A notable example is the pixelated and land-based open-world design of the video game Near Lands. Surprisingly, rather than the gameplay, the game’s community experience is its defining element.
WHAT’S TRENDING IN NFT?
Have you seen some amazing artificial intelligence art (AIA)? It may also be converted to NFTs for a good profit. AI’s «Edmond de Belamy» picture was auctioned for an incredible $432,000!
It is also crucial to evaluate the possibility of increased use of iNFTs. The iNFTs would essentially have the characteristics of an AI mind or serve as a virtual entity with which you could speak. NFTs have the ability to incorporate personal assistant functions.
METAVERSE & NFT
CryptoKitties, the first non-fungible tokens game, was the one that popularized NFTs. NFTs were soon widely employed for economic reasons in a variety of fields. Non-fungible tokens have become important assets for the metaverse as a result of their growth. They can be employed in the metaverse to facilitate the trade of assets with proper ownership verification.
NFTs can provide a feasible approach for representing a digital identity since the picture can operate as a sort of digital identification. Owning non-fungible tokens entitles you to a variety of benefits, including access to small communities. Twitter’s proposals for an NFT verification system also demonstrate ambitions for the use of NFTs in use cases involving digital identity. Profile image NFTs (NFT PFPs) have the potential to play a key role in the metaverse and web3, believe it or not.
WHAT’S TRENDING IN METAVERSE?
The metaverse is a prominent issue in today’s community. It all started when Facebook announced a rebranding as Meta with the purpose of expanding the metaverse. The corporation invested $10 billion in metaverse development in 2021, which does not include all extra expenses on connected initiatives. With all of the attention being paid to the metaverse, Bloomberg thinks it will be worth $800 billion by 2024! The growing popularity of the metaverse opens the door to increased public awareness of VR gaming.
Metaverse virtual worlds are a prominent mention among the top metaverse blockchain gaming and NFT advancements for the future. Every month, they have 400 million active users. These 3D worlds may provide enthralling experiences through a number of activities such as games, art creation, and numerous interactions.
Decentraland, a 3D virtual reality realm, sells virtual pieces of land, for example. On such sales, the site has already made $2.4 million in cryptocurrency. This instance suggests that metaverse virtual worlds have a promising future.
Virtual worlds are often utilized to attend events such as concerts, weddings, and festivals. Ariana Grande held a concert in the internet video game Fortnite in 2021, attracting around 27 million people. Other performers, like Travis Scott, Justin Bieber, and Lil Nas X, have also successfully conducted metaverse concerts.
The Metaverse has also made its way into the corporate world. Your everyday meetings on Zoom, Teams, or Google Meet are excellent examples of how metaverse may be used in work sectors. Furthermore, with metaverse-related augmentation, AR can be immensely effective in improving physical environments.
MAIN FEATURES OF METAVERSE NFT GAMES
NFT Metaverse games are a brand-new and interesting type of video game that makes use of blockchain technology. They use play-to-earn principles to provide players the opportunity to win unique and valuable in-game goods. These games include a variety of elements that set them apart from regular ones.
ASSET OWNERSHIP AND CONTROL
One of the most important aspects of NFT Metaverse games is that players fully own and manage their in-game assets, which are recorded on the blockchain as non-fungible tokens (NFTs). Non-fungible tokens are one-of-a-kind, such as a painting, whereas fungible tokens are divisible, such as currency (e.g., Bitcoin). In NFT Metaverse games, players may purchase, sell, and trade non-fungible assets, as well as use them across many games and platforms. This feature provides users with a sense of actual ownership and worth.
Another important feature of NFT Metaverse games is that assets may be utilized across several games and platforms. This indicates that players’ assets can be transferred from one game to another while retaining their worth and ownership. This feature enables a more fluid and integrated gameplay experience in which players can utilize their assets to unlock new features, engage in unique events, and explore new worlds.
ECONOMY DRIVEN BY PLAYERS
Players have a big effect on the in-game economy in NFT Metaverse games. When users interact with their assets, they impact the supply and demand for that item, hence altering asset value. This feature enables a more dynamic and responsive economy that is driven by players. It also introduces new ways for players to earn prizes and profit from their in-game activity.
Furthermore, transactions pay blockchain validators and incentivise them to do their tasks. As a result, participants contribute to the advancement and enhancement of blockchain technology.
GOVERNANCE IS DECENTRALIZED
NFT metaverse games are decentralized, which means that ownership and control of the game and its assets is dispersed among its participants rather than being centralized. Users may conduct direct arrangements with one another without the necessity for intermediaries such as game creators or publishers.
MECHANICS OF EARNING
NFT metaverse games frequently include a «play-to-earn» system that allows users to earn real money by playing games and accumulating valuable NFTs. Gamers may sell these NFTs on the open market, generating additional cash and pushing themselves to invest time and resources in the game.
TRENDING METAVERSE NFT GAMES
Today is a great day for crypto games! Here are the six NFT metaverse games we think you should try.