NFT is a relatively new phenomenon, which, however, is increasingly appearing in news headlines.
What is NFT?
NFT is non-fungible tokens.
Among them may be: paintings, photos, videos, music, GIFs.
It can be any content that claims to be at least some kind of uniqueness. NFTs are of great value among collectors, gamers and art lovers, and they are bought and sold through auctions. To understand tokens, it is necessary to understand in what environment they exist – in this case, in the blockchain.
NFT works on blockchain technology, which writes data to digital blocks in a certain order. Blockchain information cannot be deleted or changed. Blocks are stored on different devices all over the world, not on the same server. It is almost impossible to hack a digital object on the blockchain.
Pablo Picasso painting is not identical to a work by Claude Monet, and an mp3 file with a song by The Beatles can hardly be replaced with a recording of an Eminem concert. Therefore, in order to transfer unique items to the blockchain, the format of non-fungible tokens was created.
How the NFT technology appeared
The technology appeared in 2017 and took the Ethereum cryptocurrency smart contracts as a basis. Smart contracts are prescribed codes of agreements and a way of using an object. In the real world, the contract is secured with a signature, in the digital world, such a function is performed by a token.
Initially, NFT technology supported blockchain art: it protected the copyright of unique content. It is difficult to determine the authorship of a picture in the digital world.
The image with the seal in JPG format does not differ from the copy. When copying, uniqueness is lost, the author remains unknown if users do not specify his name under each publication. When an image receives an NFT token, the copying history is saved, and each user knows exactly the author and owner.
NFT Games
Developers of NFT games use blockchain technology to create a whole world or make certain items unique, which distinguishes such projects from the usual games.
And the first question that will be relevant for gamers is “For what NFT games?”
But all monetary investments in games allow users to own art objects in a real sense, having received an exclusive right to do so. And you can be sure that no one else will have the same object with the same properties or characteristics.
All popular NFT games are based on the fact that the user's investments are not in vain and everything he creates in the virtual world will rightfully belong to him. And this despite the fact that it is not difficult to forge the code. But NFT is not possible to be interchanged.
Axie Infinity
This is the most popular game where you need to collect and breed animals. An interesting fact is that they all have unique characteristics — the genetic code. Their strengths and weaknesses will be passed on to descendants. To start the game, the user needs to buy three such characters, and develop them in every way.
Waves Ducks
This is an analogue of a farm where it is necessary to breed ducks. You need to buy tokens of the game (using the functionality of the AAH exchange), they are eggs. Start breeding poultry and compete with other participants. Each duck is unique and inimitable, has its own visual performance and characteristics.
Gods Unchained
Unlike the other two, such a game does not involve investments at the first stage. It is important to get cards here — by buying them from other users or by winning matches. Skills and strategy are important here. Accumulating experience, you can go to a new level, and therefore get another card.
Pros and cons of NFT Games
Among the advantages are:
- direct connection with cryptocurrencies, which means transparency of all operations, minimal risk of fraud on the part of both the buyer of the token and the developer providing such opportunities;
- the received NFTs can be sold and get real money for them, which, in the future, can be disposed of at its own discretion, for example, to sell, exchange, store;
- you can take part in the modernization of the game, because very often changes are determined by voting among the owners of NFT, which means that there are chances of an increase in the disadvantages that a particular player noticed;
- there is a monetization of the time spent on the game — each user not only enjoys the process, but also earns.
Despite the obvious advantages, PC or mobile NFT games have disadvantages. For example, a simple and minimalistic appearance of games. All of them look quite primitive, and do not have unexpected plot twists. It is worth mentioning that the work is mainly on the Ethereum blockchain, which is characterized by slow and expensive transactions.
There is a lot to say about the prospects of such games.
We will try to simplify the main message — they are the future. Already today it is noticed that hundreds and even thousands of people move into the virtual space and there realize not only their creative potential, but also earn money.
They buy or create their own NFTs, pump them, and then resell them at times more expensive. And the market for the games themselves is growing very rapidly. After all, users receive an additional incentive — a material reward. However, it is worth noting that in a global sense, even the best NFT games are still at the beginning of their development.
