When most people think of NFT, they think of a cartoon picture of an ape on the internet. However, there is much more potential with this new technology. You may have heard the term NFT floating around the web, but what exactly is it?
Introduction of NFT based games
NFTs or non-fungible tokens are unique units of data that are stored on a digital ledger. Essentially, NFTs use blockchain technology to provide a public proof of ownership for digital assets. NFTs can be anything digital like drawings, music, videos and most importantly in-game items. Players can play fun games while collecting unique, in-game items that hold value. These items can be increased in price and can be sold to other players. The blockchain technology offers history of ownership, transparency, security and availability to all players around the world. But most importantly, it allows players to get rewarded for their time. With decentralized player owned assets, gamers are valued for their grind and effort spent in-game.