NFTs and Video Games Industry 2024

NFTs and Video Games Industry 2024

Play To Earn Games | 22 Mar 2024 16:55 UTC

The gaming industry is discussing NFT. Know what?

As a gamer, you've probably heard the term NFTs in the last year or so. It's confusing. NFTs have to do with cryptocurrencies and the blockchain, but why are they being linked to games?

NFTs and Video Games Industry 2023
NFTs and Video Games Industry 2023

Why are video game publishers are now creating NFT-based games? What do gamers have to do with N-FT's? I mean what are NFT's? Many do not know about it. The answer lies in the interdisciplinary barren and drylands of the economy and computer sciences. Bear with us today, as we will answer all your questions.

NFT and Video Games Industry

NFT's have penetrated the games industry, some have embraced it while others have disregarded it. Big names in gaming like Valve have banned any game on its platform that uses NFT's. Likewise, the Video Game Awards 2021 will not feature any NFT-based games.

Phil Spencer of Xbox has clearly stated that N-FT's are, “more exploitative than about entertainment.” Ex-employee of Facebook and Yahoo, Alex Stamos, has regarded NFT's as scams. Yet the likes of Sega, and Ubisoft have come in support of NFT's and are planning to join other corporations in the domain of Blockchain and crypto-based games.

NFT is known as a Non-Fungible Token, custom-made money which exists in the virtual world in JPG, graphics file, or even a Tweet. But how come a simple image takes the form of money?

The question is valid, but the answer is simple: “because the crypto community decided that it is.” This is how things worked in the past when it comes to the economy. Human beings as a society decided to put value and trust behind the paper currency to symbolize the value of services and assets.

The government comes in and regulates it to keep things in order. Some other examples where people put a value on certain things are real-estate, fine art, collector's item, and old video games. NFT is the same thing, so in crypto.

NFT and Video Games Industry
NFT and Video Games Industry

You come across an image you like, or you create one, you like it, own it, you fuse the image to create a cryptocurrency, and voila! You have your first digital currency; a token.

However, the digital world of crypto and NFT's is more like a Wild West with no hard and fast rules.

Blockchain technology is used to keep a digital record of ownership and proof of work chain. Now when it comes to games, you can own and possess NFT's or in-game collectibles, like in Axie Infinity’s NFT cat monsters, and exchange them for real money.

Game publishers are working to create games where you own an N-FT and level it up by playing the game to make it more valuable.

However, there are ethical questions also linked with it, especially the energy-intensive verification system. The massive energy requirements and consumption result in environmental issues.

Nevertheless, with the amount of money pouring into this domain, we may see AAA games based on NFT's and blockchain in near future.

Play to Earn Gaming News

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Skyweaver - NFT Game Review

Skyweaver - NFT Game Review

Skyweaver is a blockchain-based online trading card game. The cards are non-transferable tokens (NFTs). It’s time to resurrect your childhood memories with this classic yet completely new card game. Skyweaver is a digital TCG experience, where you get to earn while you play! In turn-based combat, players utilize the cards to battle other players. Because it's a singleton game (meaning the cards are unique), you won't need to collect multiples of them like you would in the Pokémon Trading Card Game. Horizon Blockchain Games, the company behind Skyweaver, has raised over $3.75 million in funding headed by Reddit co-founder Alexis Ohanian. Horizon has taken its time with this game, with development beginning in 2019. The game was slowly launched, beginning with a private beta in 2021. The Open Beta began in February 2022, and anyone can participate. According to their press release, there have been over 2.2 million matches since the open launch. The game is 100% free to play, and leveling up unlocks 500+ base cards. There were no card pre-sales, so consumers could just go ahead and buy everything. There are three grade types and numerous features, the cards are distinctive, making gameplay dynamic and exciting. Moreover, it's not an auto battler!

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Zeal  - Game Review

Zeal - Game Review

Zeal is a third-person action role-playing game that is currently in the development phase and has not yet been given a launch date. It is also built on the blockchain technology. As the game is still in development and testing, not much information has been released about it. However, it is known that the game will be competitive and have a high-quality, AAA feel, which sets it apart from other cryptocurrency games currently available. Here’s what we know about Zeal so far: Zeal is a third-person action role-playing game that focuses on character customization and competitive gameplay. Players can expect an immersive online gaming experience with dynamic gameplay. Fast-moving and competitive: In Zeal, third-person player versus player gameplay is fast-paced, requiring quick decision-making and strategy. Even small choices can impact the outcome of an encounter, making it crucial for players to stay on their toes and think on their feet. Fully customizable builds and classes: One of the unique features of Zeal is that it does not have a limited set of pre-defined characters. Instead, the game allows players to create their own identity through customizable base classes, offering a wide range of possibilities for players to explore and differentiate themselves from the community. In addition to customizing their appearance, players can also choose their abilities, manage their stats, and select their preferred master abilities, giving them a high level of control over their in-game character and playstyle. This level of customization not only makes the game more enjoyable, but also helps to make it stand out in the crowded field of action role-playing games.

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Cryowar - Game Review

Cryowar - Game Review

CRYOWAR is an exciting NFT game built on the Solana network using Unreal Engine. It combines real-time multiplayer PVP arenas with blockchain features like DAO voting, NFTs, and decentralized finance (DeFi). CRYOWAR is an exciting PVP arena NFT game for multiple players that runs on the Solana network and is powered by Unreal Engine. In the huge Sci-Fi-Medieval game world, players fight fierce battles in many different realms. Also, CRYOWAR is a test of skill in which players compete for resources, territories, and the right to rule the whole world. The journey gives one-of-a-kind chances to defend one's realm and earn big rewards at the same time. The leaderboards will only be ruled by the most powerful players. CRYOWAR is currently being made for PC, iOS, and Android, so that it can be played with other people on all three platforms.

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Battlepalooza - Game Review

Battlepalooza - Game Review

Battlepalooza is an online blockchain crypto game where players compete against each other by completing tasks. The goal is to collect as many coins as possible before being killed by another player. Battlepalooza, Grab as many crypto coins as you can while avoiding being fragged in the battleground. To win the big prize, be the last of the 24 contestants to survive! Battlepalooza is for players of all skill levels, but a little strategic thinking and a dash of luck will get you a long way. Battlepalooza creates battle venues using Google Maps geographical data. Compete in real-life locations such as Las Vegas, San Francisco, and Paris. Different cities have different prize levels. At the outset of each match, choose your own unique loadout that best suits your approach. By gathering objects throughout the game, you can improve your weapons and stats. Understanding your play style and the match situation allows you to make intelligent decisions about what to equip and upgrade. The right planning will determine the victor. In every match, each player has a chance to earn coins and gears. The last person standing receives premium coins, which can be exchanged for rare gear and skins. Premium Coins can be used to wager on Premium Matches for a chance to win big. Weekly, new, exclusive, and limited-edition clothing is available for you to collect.

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Crypto Raiders - Game Review

Crypto Raiders - Game Review

Crypto Raiders, as the name suggests, is an NFT game falling in the RPG, PvP format. The game works on the RNG (Random Number Generator) method of playing so that there is a sense and element of thrill, mystery, and unexpectedness in the game. The players have the opportunity to own NFT characters with complete ownership. Therefore, giving them the right to buy, sell, and trade in the marketplace. Around 7500 NFT characters were available when Crypto Raiders was first released. These characters are based on a total of 9 characters i.e. Mike, Old Man, Elves, John, Cyborgs, Tammy, Orcs, Skeletons, Elves, and Dark Elves. Thus, each NFT character has a personality of their own. The game is based on the Polygon blockchain technology and the goal is to participate in different raids, either in temporary dungeons or stable dungeons. Crypto Raiders Raid and Expedition Gameplay: Raids and expeditions in the temporary dungeons are for a little time and then they vanish, while, in the stable dungeons raids can be performed repeatedly. There is an upside to Crypto Raiders, when the NFT character dies during a raiding mission, the character dies forever. Therefore, the players need to exercise extra care in starting an expedition. Moreover, they must first assess their power and position before going into a raid. After each expedition is completed, the power (EXP) of the player's increases. This increase helps in future raids and players earn AURUM tokens that can be used to craft new weapons, build armors, own mobs, and create new raiders. Another token in Crypto Raiders is the RAIDER which is the governance token and can be used to stake them in order to win AURUM tokens daily.

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Prospectors - NFT Game Review

Prospectors - NFT Game Review

Prospectors is a one-of-a-kind MMO game of economic strategy, set in a 19th-century gold rush America. As a decentralized app on the EOS blockchain, it allows players to build a social network in an alternate reality version of the Gold Rush epoch. In the game, players scavenge for gold and trade it for real cash or cryptocurrency. The aim is to play the game, earn gold, trade it, invest in-game, or exchange it for cryptocurrency that has real-life value. As an MMORTS game, the value of in-game products and resources varies based on supply and demand. Prospectors Review: Each player starts with three workers who search for gold. These workers can team up with the workers of other players for trading and larger campaigns, and can also form unions and corporations to become more efficient. The in-game currency is Prospectors Gold ($PGL), which is the basis for economic interactions between players. Prospectors follows the laws of real-life economic models, giving players complete control over resources, equipment, and lands. In return, players must pay taxes for using these resources, which help to build and develop the world of Prospectors. With its immersive gameplay and real-life economic elements, Prospectors is an exciting and unique gaming experience.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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