Blockchain and Cryptocurrency Advanced - Pros and Cons of NFT Games in Relation to Other Types of Games

Non fungible tokens NFTs has remained one of the main talking points over the past few years. When it comes to blockchain and cryptocurrency, NFTs has become a really important aspect of blockchain and cryptocurrency and has brought about the tokenization of digital assets. The gaming industry is without a doubt one of the biggest industries in the world at the moment, continuously growing at a rapid rate. NFT games has been on a massive rise since the inception of NFTs, opening a whole new opportunities for gamers.

Blockchain technology is also one of the sectors that has gained a tremendous growth up to this point. Even though blockchain technology is still in its early years, it has grown significantly and has proven to provide solutions to many industries like the gaming industry. At the moment, there are a number of different blockchains that allow the creation of NFTs and tokenized digital assets for gaming, proving the base infrastructure and technology for developers to launch games.

Advantages (Pros) of NFT Games

Full ownership of game characters, items and collectibles

This is one of the major advantages and pros of NFT games in relation to other type of games. Players who play NFT games have full ownership and control of their game characters, assets and collectibles, and can decide to do whatever they want with their assets. Since NFT games run on blockchain and NFTs are stored on the blockchain, the NFTs are stored on user wallets which gives users full control of their assets.

NFT game assets possesses real value

This is another advantage of NFT game. Assets like characters, items and collectibles have real value because of the rarity of the NFTs. Compared to other type of games which doesn’t have real value outside the in-game economy, NFT games assets possesses real value.

Earning income

NFT games allows users to earn income, allowing users to create and develop characters, forge items, build specialized assets that can be sold in the marketplace to earn income.

Ability to trade NFT game assets

This is one of the huge advantages and benefits of NFT games compared to other types of games. NFT game asset can be traded on the market for fiat because each NFT game asset possesses real value meaning that other players and users can buy and sell these assets in the market.

Ability to earn real passive income

A lot of NFT games allows users to earn real passive income by staking the game token to earn passive rewards/income.

Disadvantages (Cons) of NFT Games

Can be slow

This is one of the main cons of NFT games in relation to other games. When it comes to speed, NFT games is still yet to reach the level of other types of games because it runs on the blockchain. Some NFT games run on very fast blockchains with very high tps, however, the speed of NFT games is still not yet on the level of other types of games. Some NFT games that runs on slow blockchains can be very slow and frustrating to a lot of users, and has become one of the drawbacks of NFT games.

Cost of transaction fees

Transaction fees that are required to play NFT games can be a cons for NFT games because not everyone wants to spend funds while playing games. Some NFT games that run on certain blockchains like ethereum can incur high transaction fees, making it very big drawback. Even though some NFT games run on low transaction fees blockchains, there are still cost for the transaction fees which can be a huge turn off for a lot of users.

Lack of high-end game graphics

This is one of the cons of NFT games. Yes there are some NFT games that offer high-end game graphics, a lot of NFT games have very poor game graphics compared to other types of games.

Investment needed to fully have access to NFT game capabilities

This is another cons of NFT games, because a lot of NFT games require users to make certain investment like purchasing starter kit before being able to play the game. This can be a big turn off because not everyone would want to make an initial investment to play a game.

Can be too technical and complicated to understand

NFT games run on the blockchain and because of this, it can be too technical and complicated for a lot of users to understand especially for new users. Because to play an NFT game, users need to understand blockchain and cryptocurrency, wallets and how to set up a wallet, and more, which can be very technical and complicated for a lot of users.