By Yash Parianic
While most industries had a major setback due to the pandemic, the gaming industry was on the other end of the spectrum. The number of gamers increased sharply as gaming was seen as a good way to relieve stress and pass the time during the lockdown. The online gaming industry recorded global revenues of an estimated $21.1 billion in 2020. Compared to the previous year, it accounted for an unprecedented increase of 21.9 percent. Unlike traditional gaming, which offered gamers limited engagement, technological innovations have ushered in a new era in the gaming world. From metaverse, NFT gaming, AI and virtual world interaction to cloud gaming and VR, you name it, you get the idea.
The development of NFT games for the metaverse is the talk of the town these days as it has a lot to offer today’s gamers, developers and industry players. The games built on this technology provide a better gaming experience and are more entertaining.
Metaverse and NFT Gaming
Visualizing the future of NFT game development for the metaverse, there is certainly no end to it. NFTs serve as an image of in-game virtual goods or items 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 awards into the metaverse and spend them as they see fit.
Impact of NFT Metaverse on Future Gaming
One way NFTs have changed the gaming business is the ability to play to earn. Players with NFTs get access to a variety of game 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 purposes have increased the trading volume. In addition, the metaverse has improved the interaction between gamers by providing them with 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 serve as access tokens. This method encourages NFT gaming, which is enhanced by blockchain gaming.
The gaming industry has come a long way from limited player engagement to a real gaming experience with more interaction. The development of NFT games for the metaverse has received attention as the games based on this technology are more exciting and engaging. It’s safe to assume that NFTs and the metaverse span the entire digital landscape of gaming enterprises. And as we see the future of metaverse and NFT gaming, the sky is the limit.
The author is co-founder and CEO, House of Gaming
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