NFT Crypto Gaming Overview
In the past several months, NFTs or non-fungible tokens, have exploded in popularity. Art, music, media, and even sports have seen a major impact with new players using these new tools. There is another aspect to NFTs that could be the biggest one of them all – NFT crypto gaming.
You’ll hear a lot of negative mainstream press regarding NFTs in games, and not all of the criticism is unwarranted. The biggest names over the years in gaming are trying to jump on the NFT hype train and implementing NFTs into existing series as ways to extract more and more money from their players. However, there are very legitimate cases for games built around NFTs – read on to find out what they are.
Why are NFTs used in gaming
First of all, not all game genres work with NFTs. The best use-cases are collectible card games and real-life simulations. Also, in our opinion, the holy grail of NFTs in gaming will be when someone can own an avatar in a game, then using their crypto wallet, transfer that character between games and game worlds without losing attributes, aesthetics, and skills. We’re not there yet, but it’s on the horizon.
Card Games and NFTs
Are you familiar with Hearthstone or Magic: The Gathering Arena? Imagine all the cards are not yours. What if the game stops existing? All your investments are then lost. That same scenario with NFTs involved is an entirely different outcome – you would still own your cards and collectibles, even if the game stops existing, plus you can sell them or trade with them.
Here’s a quick rundown of why NFTs are one of the best early use-cases for games and gaming:
- You own the items, and if the game shuts down, you still have the items.
- Items cannot be deleted, as they are not on a server, they are on the blockchain.
- Everything works on all platforms. Think about a gun game asset – it can work on many games from the same developer.
MMO (Massively Multiplayer Online) Games and NFTs
In a similar category to card games, think about spending countless hours playing a game, you’re deep into exploring an area only accessible with special attributes, and you find a rare sword! You would not be limited to that game with that asset, you could trade the asset in-game or even bring it into other worlds.
Let’s explore crypto games that use NFTs
One of the more popular blockchain crypto games is an auto-battler, similar to auto-chess or League of Legends Teamfight Tactics (TFT). Founded in 2020 by Kieran and Aaron Warwick, Illuvium made a game that rewards players with the opportunity to explore and capture NFT creatures, known as Illuvials, in combat.
NBA Top Shot
This is not a video game but rather a collection of real-game (NBA) moments that are set up as NFTs. These short highlights of basketball plays sold over $1 billion in 2021 sales and is expected to top $2 billion in 2022. That alone is reason enough to include them in this list.
One of the first VR-specific game focused on NFTs. You can purchase objects, toys, and more from various genres like Pacific Rim.
Fantasy sports is an enormous business and only getting bigger. Sorare combines NFTs, real-world sports, and fantasy sports into one collection – at least for soccer games and teams. It is a fantasy game that, by using NFTs, let’s you purchase, verifiably own, and resell digital player cards for over 100 licensed teams. Then, you can play lineups against other card owners to win rewards, as well as buy and sell in-game cards.
The biggest NFT-based game right now where you collect and breed monsters with love potions. Then, you battle it out to earn crypto. It is fairly expensive and in-depth to jump into for a beginner in crypto, but once you get your feet wet a bit, it is very doable for a seasoned veteran. Some people are actually making a living playing Axie!
This is a free-to-play tactical digital card game that gives players true ownership of their in-game items. Led by the former game director of Magic: The Gathering Arena, this is a perfect example of one of those crypto card games referenced at the top of our post.
Play a rock, paper, scissors style game with your card as your avatar using WAR credits. Instead of rock, paper, and scissors being the potential moves, this game calls them: bunker, infantry, and artillery. You can even bet on the outcome of the game if you’re feeling confident!