NFT, which is everyone’s favorite after cryptocurrencies, continues to look for new places for itself. Before we start our article, we have compiled 5 games in the past days where you can earn crypto money and NFT as you play. A new agenda with NFTs is video games. In the near future, gamers will be able to profit by producing NFTs from video games. Online games like Axie Infinity are very different from AAA games released by major game studios. However, integrating NFTs and cryptocurrencies into games does not seem to be a short-term agenda. Well-established companies in the industry such as Square Enix and Sega have indicated that they are closely interested in using NFTs in future games.
Also recently, South Korean game developer WeMade announced Legend of Ymir, a game with ultra-realistic graphics, where you can earn NFT and crypto money just by playing. Ubisoft, on the other hand, integrated NFT into one of its most important games, Ghost Recon Breakpoint, and NFTs inspired by the first video games did not sell as much as expected. However, this will of course change in the future. Blockchain technology is no longer software drifting on the video game industry’s horizon. Are blockchain-integrated games like Axie Infinity the dawn of a new gaming era or one that will fade as quickly as it started in the market?
Playing to win or playing for fun?
NFTs, a new method for determining ownership of digital property using blockchain technology, entered the cultural mainstream last year. As cryptocurrencies like bitcoin and ether have skyrocketed to all-time highs, fans have begun to speculate a lot about the digital art of NFT. People pay dazzling money to have digital photos. The NFT speculation market is really bustling right now, with $250,000 for a colorful monkey avatar and celebrities like Snoop Dogg and Ellen DeGeneres putting their names on the back of NFT collections.
Whether you find NFTs attractive or ridiculous, or don’t understand them at all, the video game industry is embracing them and cryptocurrencies more so to speak, continuing to view them as a huge project. The question that game companies are trying to solve is how best to use technology. Instead of renting NFTs from digital game platforms such as Epic Games, as is currently the case, another platform with digital products such as costumes or weapons can be created. Then there is the win-win or P2E model, where blockchain assets with non-gaming value such as cryptocurrencies are earned through play.
With games like Axie Infinity, Guild of Guardians and Galaxy Fight Club, the P2E trend has emerged. Many of the players stated that they earn thousands of dollars a month. In addition, over 1 million daily players of the game, Sky Mavis, which owns and operates Axie Infinity, generated approximately $29 million in revenue in one week.
Game companies split in two
Just because NFTs can make their way into video games doesn’t mean they actually have to be. This is the opinion of not only the relevant experts, but also some players. While many in the industry are open to NFT integration, it is not universal. Phil Spencer, Microsoft’s head of gaming, says he’s wary of NFTs. Steam, one of the world’s largest digital video game stores, has completely banned blockchain-related video games. When you factor in the negative backlash Ubisoft has received for introducing NFTs at Ghost Recon, its concern for blockchain technology makes perfect sense.
According to a recent survey, more than half of game developers are interested in NFT and blockchain technology. However, this era of gaming may be short-lived if Ubisoft’s backlash continues as other major game developer companies experiment with NFTs, and P2E games like Axie Infinity are likely to become footnotes in video game history. So whether NFTs will become a permanent trend in the gaming world is up to the players. So what do you think about this subject? Do not forget to specify in the comments.
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