How metaverse can be a game changer for NFT games
By Yash Pariani
While most industries suffered a major setback due to the pandemic, the gaming industry was on the opposite side of the spectrum. There was an increase in the number of players as gaming was seen as a good way to relieve stress and kill time during lockdown. The online gaming industry had an estimated revenue of $21.1 billion in 2020 globally. Compared to the previous year, this represented an unprecedented increase of 21.9 per cent. Unlike traditional games, which offered limited engagement to players, technological innovations have ushered in a new era in the gaming world. From metaverse, NFT games, AI and virtual world interaction to cloud gaming and VR, you name it, you got it.
NFT game development for the metaverse has become the talk of the town these days because it has a lot to offer today’s players, developers and industry players. The games built on this technology have a better gaming experience and are more entertaining.
Metaverse and NFT games
If we visualize the future of NFT game development for the metaverse, there is absolutely no end. NFTs act as a representation of virtual goods or items in the game that can be bought or sold in the real world. As a result, this creates a whole new market for developers and gamers. In addition, users could access their chosen blockchain gaming platforms and play games there using NFTs from the metaverse. The icing on the cake is that players can integrate their in-game prizes into the metaverse and use them as they see fit.
The effect of NFT metaverse on future gameplay
One way NFTs have changed the gaming business is the ability to play to earn. Players who hold NFTs gain access to a variety of gaming products and exclusive in-game content. Play to earn NFT games are not new to the market; the only difference is that the availability of blockchain technology and the ability to use metaverse tokens for various applications has increased the trading volume. In addition, the metaverse has enhanced the interaction between players by giving them real gaming experiences. It’s safe to say that NFTs and the metaverse cover the entire online gaming landscape.
Apart from that, NFT and Metaverse are used in the gaming paradigm to identify each player’s unique identity. To enter and navigate the metaverse, NFTs act as access tokens. This method encourages NFT games, which are enhanced by blockchain games.
The way forward
The gaming industry has come a long way from limited player engagement to real gaming experience with increased interaction. NFT game development for the metaverse has gained attention since the games based on this technology are more exciting and captivating. It is safe to assume that NFTs and the metaverse cover the entire digital landscape of gaming enterprises. And if we see the future of metaverse and NFT games, the sky is the limit.
The author is co-founder and CEO, House of Gaming
Also read: Bitcoin mining company Compute North files for bankruptcy
Follow us on TwitterFacebook, LinkedIn
