Jun 15, 2021
ABOUT NFT GAME
NFT can be used by decentralized applications (DApps) to issue unique digital items and cryptographic collectibles. These tokens can be a collectible item, an investment product, etc.
While Crypto is flourishing, one application of NFT is the tokenization of real-world assets. These NFTs can represent fractions of real-world assets stored and traded as tokens on the blockchain. NFT(s) play a role in increasing liquidity for many imperfect markets such as fine arts, real estate, etc.
Using blockchain to tokenize in-game assets is a step forward. The use of NFT can solve or mitigate the common inflationary problem many games have.
Digital identity is also an area that can benefit from the properties of NFT. Storing identity and ownership data on the blockchain would increase privacy and data integrity for many people worldwide. At the same time, easy and trustless transfers of these assets can help unwrinkle the global economy.
Perhaps, gamers are getting used to purchasing and trading items in-game marketplace. The price of items is measured by in-game currency and appraised by the rarity of things and the games’ charm. The appearance of NFT could help virtual items in games have value beyond the game for global trading.
The artifact has returned to the world of technology by the evolution of cryptocurrency. NFT may be a trend in 2021 and beyond. Blockchain games to earn cryptocurrency will blow up and let’s catch the trend to get more coins.
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