Blockchain and gaming are two different concepts. The gaming industry is always having demand and growing rapidly. Some so many users would like to see some innovations constantly in the gaming world. One such innovation can be an integration or handshake between the gaming industry and blockchain technology. This has been happening for the past few years already. Many game developers have already started exploring this technology and some game development companies have already been very successful in creating blockchain games.
The facility to use a blockchain as a platform to create games is available on multiple blockchains. WAX is considered to be one of the most popular NFT platforms and this all started getting popular. NFT plays an important role in the blockchain gaming and it started on ETH and also was facilitated on other blockchains like WAX and Hive. On Hive there is no direct facility to create Fungible tokens and Non-Fungible tokens directly on the first layer itself. But with the help of Custom JSON transactions, developers can create whatever they want on the second layer. This is how many games are currently being operated on Hive. On other blockchains, different strategies are being followed and basically, it also stays as a separate contract itself.
Importance of NFTs
NFTs play an important role in blockchain gaming where the game assets are brought inside blockchain as NFTs. This is the first common ground for blockchain technology and gaming. Some of the game assets are converted to NFTs and the biggest advantage this brings is that a demand is created and trading happens. People can buy and sell the game assets as NFTs and can use them in the game. This trading happens between one player and another player.
Trading assets
As mentioned above when the assets are converted as NFTs, people can transfer them from one player to another player and are also able to trade them in the market and even use them inside the game. Many people trade them regularly and create a huge demand and supply which is what makes the assets more valuable. Trading NFTs opens the way to yet another possibility of having fun and also earning apart from just playing games.
Passive income from games
There are some blockchain games available where there is a facility to purchase the game assets and lease them to other players. Based on the demand and supply the price of the game assets are leased and that becomes a passive income so that the investor need not play the game but instead lend their assets to other players and get an income from that. I have been using splinterlands as my passive investment where I don't play the game but I have been renting out my assets in the game and also the tokens I hold in the game, this way I'm able to get some passive income from the game for holding my assets.
Earning opportunity for players
During my college days there used to be earning opportunities for gamers. The earnings were mostly in the form of tournament rewards or the form of game testing. These were a few avenues for earning by playing games. Today there are so many opportunities available. I know a few people who make a living by just playing games. Splinterlands is one such game and people can make a living in the real world by just playing this game every single day. Imagine playing several such fun games in the blockchain world and making a lot of money from it by trading assets. The way the gaming world used to look is changing.
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