NFTs have been taking the gaming world on the storm. While NFTs have helped the gaming industry receive massive traction and profit. There has been a lot of skepticism around the whole idea. NFT gaming platform industry is quite new to the bandwagon. Yet, a massive number of gamers have been engaging with it. However, many challenges and issues have arisen in the past years. This posed a question about the uncertainty of the future of NFT gaming.
NFT Gaming- Between Changes and Challenges
When NFTs started taking on all the industries, major companies across fields wanted to get on to the trend. But, along with the excitement came many challenges. While some games were well-intentioned, other games were quite a rug pull.
Change in the model of gaming
One game that altered the perspective toward video games and business models was axie infinity. Moreover most online games measure their success based on player engagement. Hence the general notion is that the more time a player spends and the more likely they will purchase in-game assets. But what if the company added financial gains to that time? A player who spends most of his time gaming will want to engage more with its revenue-generating functions. NFT-based games promise the labor (that gaming is) in gaming to more fruitful endeavors. With the new Play-to-earn gaming model, players will receive financial rewards for playing a game.
Developments
Video game developers look forward to adopting this technology before the regulations curb their income streams. CCP Games, Reykjavik, want to incorporate NFTs into their business models to keep their passive revenue streams. FTX, a crypto marketplace, is trying to launch its line of game-oriented NFTs. Companies like Ubisoft are trying to create their game properties.
Integrating NFTs and businesses will open a new channel of opportunities for gamers. One can sell NFTs to other players like any other downloadable content. Like any other sale, a part of the profit goes to the developer. These tokens can be coded using smart contracts, a code built into the NFT that sends a royalty payment to the token’s owner, the game company. This model helps gamers to remonetize again and again. To have an ongoing revenue stream.
Challenges
According to the developers of one of the most popular blockchain-based games were shocked. When the hackers stole assets worth about $625 million from the gaming company and its players. The theft became one of the largest in the history of cryptocurrencies and decentralized online gaming. Both of which have skyrocketed in popularity. Following this heist, many NFT games fell prey to such rip-offs. So what is the solution?
Anti.Rip AI Spyder Technology
Ripping off, in general, means replicating or copying digital content. Thus, anti-rip means the technology that prevents rip-off. GuardianLink offers an Anti-rip AI Spyder tech as an integral part of the offerings. With the Anti. Rip AI Spyder Technology NFT enthusiasts can have the comfort that their non-fungible token is protected, preventing revenue loss from unauthorized or illegal copying of the content. Guardian link has been a pioneer in protecting its community. They had utilized this technology during their Amitab Bachan launch.
Importance of Reliable Marketplace
Considering all the risks involved in NFT gaming marketplace, investing your time and effort in a legit and trustworthy game is very important. One such marketplace is Jump. trade. The company must be able to think from the shoes of its users and be mindful.
The marketplace was the first to launch World’s first Play-to-earn Cricket NFTs. The trust and goodwill that the company has among the community are evident with each of its launches. On that note, the World is said to witness the launch of the World’s first P2E Cricket game- ‘Meta Cricket League.
The NFT marketplace had recently released the Whitepaper of the MCL game. The White paper elucidated every detail that the player needs to know. Right from the challenges of the gameplay to solutions, Jump. trade has cleared the clouds for its users. The release of the Whitepaper has created a new wave of excitement and faith among the community.
Closing
Despite all the challenges stated above, we can still be optimistic about the future of NFTs. Additionally the possibilities to eliminate setbacks will also expand with new technological developments. However , NFT has a lot more potential to create a huge impact on the community. The community should continue engaging with NFTs and leading to more innovations in the Gaming NFT space. However, do your research while you invest, play, and grow.
