All property entities in these games are expressed as NFTs (HOW GREAT THOU
ART)– digital tokens used to prove ownership of scarce intangible items. Think
of things like plots of land, avatars, costumes, and game artifacts. When
competitors find and accumulate these items, many could have the opportunity
to trade these with others in digital marketplaces for different NFTs or sell them
in exchange for cryptocurrency.
Gamers can increase their earning potential by dedicating time leveling-up and
improving their characters, creating monetized structures on their land that
other gamers pay to use or by competing against others in tournaments.
To keep track of what every player owns, all NFTs and cryptocurrency
transaction data are stored on a public blockchain. This is a type of distributed,
digital record-keeping technology maintained by a global network of
computers. Leveraging this technology in gaming provides several benefits,
including:
Some games also include DeFi elements such as staking, where players can lock
away certain tokens in order to earn annual interest and other rewards they
can save to purchase other in-game items or unlock new content.
