What is the Significance of NFTs in Gaming?
The gaming industry has been projected to grow big in the coming years as people are on the lookout for new games, and the number of professional gamers is increasing. But the problem with Web2 gaming is that most platforms offer a pay-to-play model that doesn’t benefit most gamers. NFTs have solved this problem by providing complete control of in-game assets to gamers who can earn by using and trading these items inside the game’s ecosystem.
Famous models in the NFT gaming industry include:
- Play-to-Earn (P2E)
- Move-to-Earn (M2E)
- Gaming Asset Rentals
Examples of popular games using NFTs:
- Axie Infinity
- Decentrland
- Sorare
- My Crypto Heroes
- REVV Racing
- Zed Run