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  • Blockchain Gaming😎
  • Gaming and NFT🎮
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  • Play-To-Earn (P2E economy) on OneTo11 Ecosystem🤗
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Blockchain Gaming😎

NextGaming and NFT🎮

Last updated 7 months ago

What is Blockchain Gaming?

Video games that are built on a Blockchain network and have an NFT creation or ownership feature are known as Blockchain games or NFT games. These games have the unique feature of being able to provide immutable ownership of in-game virtual products (assets) to anyone in the form of NFTs. The ownership is established using smart contracts and can be transferred easily from the seller to the buyer.

These games can be device-specific like mobile, console, or browser compatible, however, a blockchain protocol framework is essential for any game to be classified as a blockchain or NFT game.

Game developers and publishers are now able to create entire games, cities, or universes(called metaverse) where any virtual object can be owned and traded as an asset. This combination of gaming, NFT trading, and finance has opened the opportunities of creating an entire niche economy of NFT gaming using blockchain technology and NFTs.NFT stands for Non-Fungible Token, the non-fungible part means non-interchangeable or irreplaceable. Blockchain technology and smart contracts have made it possible to create digital, immutable, and decentralized contracts which work as proof of ownership for anything on the planet. These smart contracts on the blockchain are known as NFTs. Although these contracts are applicable to any commodity on the planet such as property, precious metals, etc., the most revolutionary use case for these NFTs is digital assets and their ownership contract.

By technical architectural design of an NFT, there can only be one official owner at a time and they're secured by a blockchain (Generally Ethereum, Matic, or BSC, etc.) – it's impossible to change, modify or corrupt a record on a blockchain.Fungible items like blockchain currency tokens are defined by value rather than uniqueness, so there can be a billion tokens of the same kind in existence, all of them exactly like each other and exchangeable. To put it simply an Ethereum coin or a dollar are fungible because 1 ETH / $1 USD is exchangeable for another 1 ETH / $1 USD.

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