Players should not be afraid of NFT games

The integration of NFTs into video games is still in its early stages and there is great potential for positive change, believes Jonathan SchemoulCEO ofAleph.im.

By the end of 2021, Ubisoft became the first major gaming company to announce the integration of gaming NFTs. These tokens called “Digits” have been launched in beta for the computer version of the game “Tom Clancy’s Ghost Recon: Breakpoint”. Since then, gamers have been able to purchase NFTs of unique items such as helmets, pants and weapons and then use them in the game. In collaboration with Aleph.im, Ubisoft has also worked on integrating NFTs into console games.

Why do some players reject NFTs?

The reactions to this message were rapid and some were very negative. In fact, many gamers are concerned that the integration of NFTs will lead to sky-high game prices and the creation of a “pay-to-win” environment. Others fear that this use of NFTs will increase centralization and give market monopolies to large corporations.

However, these concerns are not unjustified. A few years ago, when companies tried to integrate multiple microtransactions and other paid features into their games, they did not take into account the needs of the players. As a result, many gamers have felt left out or even overwhelmed by the rapidly changing video game industry.

Some studios like Team17 even scrapped their NFT game plans after receiving negative feedback from employees and players, while Ubisoft faced harsh criticism.

The use of NFTs in games

The benefits of integrating NFTs into video games

However, it is important to keep in mind that the integration of NFTs into video games is still in its early stages and there is great potential for positive change. For example, the use of NFTs could give players ownership and the ability to transfer their game assets. It could also give them more control over their gaming experience and strengthen their relationships with the gaming communities to which they belong.

For example, suppose that trading in virtual games in video games is a $ 50 billion industry. If we could take a large portion of that amount and redistribute it to players, we could profoundly change the way we watch video games and their value. Objects in the game could become more than just small digital props; they could convert into real assets with real value.

Playing NFTs can solve some problems

It is also worth noting that NFTs can help address some of the gaming industry’s most pressing issues, including the lack of secondary markets for gaming assets and concerns over microtransactions. For example, if developers integrate NFTs into their game, they can create a more direct connection between the value of game items and the game itself. This will further encourage users to play and support developers, while providing a more transparent and fair secondary market for gaming assets.

In fact, integrating NFTs into video games can result in a fairer and more sustainable industry for all players involved. On the one hand, players will have more control over their gaming experiences and will be directly compensated for their time and effort. On the other hand, developers want a new tool to create more attractive and rewarding games, while generating more revenue to reinvest in their projects. Finally, the industry will be able to offer a playing field with fairer rules, where the value of virtual assets is more closely linked to the game itself.

In addition, the use of gaming NFTs can help decentralize the gaming industry, which will give smaller developers a chance to enter the market. This will create more competition and more affordable prices for players.

The future of NFT games

In the movie Ready Player One, Ernest Cline tells the story of a world where the only escape from the gloomy reality is the virtual world OASIS. In this world, people can be who they want to be and do what they want. OASIS is truly a place where people acquire their virtual personalities and are shaped by the interactions between users.

It may sound like science fiction, but it’s not that far from reality. The integration of NFTs into video games actually has the potential to create a similar world where players have genuine ownership of their gaming assets and the ability to shape the gaming environment as they see fit.

Adoption of non-fungible tokens is still in the early stages. However, there is already a burgeoning ecosystem of projects and platforms exploring this new technology. For example, Decentraland is a virtual world based on the Ethereum blockchain, where users can buy, sell or trade virtual land NFTs. More than $ 500 million worth of “virtual real estate” has been sold by projects similar to Decentraland.

Other projects are also testing different ways to use NFTs in video games. For example, The Sandbox is a content creation platform that allows its users to monetize their 3D voxel creations by converting them to NFTs.

Create more value with dynamic NFTs

Dynamic NFTs are a relatively new and innovative concept that increases the applicability of NFTs in gaming. These new non-fungible tokens allow you to change and develop attributes (ie NFT metadata) depending on player activity. They thus offer a level of adaptation and development that traditional NFTs simply cannot compete with. Aleph.im was the first company to integrate dynamic NFTs into mainstream gaming. That said, other projects like Chainlink are also doing groundbreaking work in the dNFT segment.

Using Aleph.im’s technology, NFT metadata is transmitted from player to player. Thus, users can get information about players who previously owned their NFTs. This builds community and creates a connection that would not be possible with traditional NFTs. In addition, Chainlink allows dynamic NFTs that connect to oracles to extract real-world data.

NFT games

NFTs in play: Conclusion

The benefits of using NFTs in video games and virtual worlds are well established. As technology matures and new projects emerge, we are likely to see even more innovative applications of NFTs in play.

So what does the future hold for gaming NFTs? It’s hard to say about it, but there are reasons for optimism. The benefits of non-fungible tokens are obvious, and there is already a burgeoning ecosystem of projects exploring different ways to use them. As more people begin to understand and embrace this new technology, we are likely to see even more amazing use cases for NFTs in games and many other areas.

About the author

Jonathan “Moshe” Schemoul is the founder and CEO ofAleph.im, a decentralized cross-chain computer and storage network. Before founding his startup, Jonathan worked as a Community Developer at NULS Blockchain. He has also worked as a freelance developer and software architect for several banks and startups. Jonathan and his team dream of revolutionizing the web with decentralized cloud computing and Web3 infrastructure.

Disclaimer

All information on our website is published in good faith and for general information purposes only. Any action taken by the reader based on information found on our website is entirely at your own risk.

Leave a Comment