Play to Earn | Top Blockchain Games

Non-fungible tokens or commonly known-as NFTs are tokens that exist on blockchain and are used to indicate ownership of a unique asset. An NFT can be built out of anything, from audio and video samples to digital artwork.

The introduction of NFTs into gaming has given rise to a new gaming model known as play-to-earn games (P2E). Play-to-earn games are those games that allow players to earn money by engaging in gaming activities such as combat, upgrading their in-game characters, performing missions, or other duties. This makes the game more interesting and makes users want to keep playing the game because of its unique reward system.

By tokenizing the in-game assets, the reward won, and even the space in which the game is placed, an NFT game can be created. In a standard gaming arrangement, after the game is over, all of the assets purchased by the player become useless.However, with the introduction of NFTs, this changes drastically. Because the assets in NFT games are tokenized, the gamer has complete ownership of their asset.

Aside from that, they are entitled to royalties each time the item is resold and since the blockchain technology enables true, real-world trade of non-fungible tokens, the cryptocurrency gaming sector is worth billions of dollars.