The concept of the gaming world has changed phenomenally over the years. Blockchain games are the new gaming system that has gained immense popularity. Is blockchain gaming the future? Let’s find out.
Over the past few years, the gaming sector has witnessed some drastic changes. One of which is bringing new technology into the gaming industry. It is estimated that the gaming industry will reach USD 295.63 billion from USD 162.32 billion by 2026. According to CARG, the estimated growth of the gaming industry between 2021 and 2026 is 10.5%.
The above figures must be are enough to give you a glimpse of the surging gaming industry. During the pandemic, more people switched to video games than ever before. This ultimately boosted the gaming market and community. After Console, PS, and PC games, blockchain games are coming into play.
What is blockchain gaming?
The blockchain gaming concept was first introduced in 2017 and instantly grabbed the players’ interest. The whole gaming network went to stand still because gamers rushed to experience the new gaming concept. This whole new concept of blockchain-based gaming fascinated many players video game lovers and success is inevitable. In 2021, crypto games saw an increase in their market in the form of NFT games.
The whole new concept is introduced through NFT games which transformed from Play- to- Earn to now Pay- to- Earn as unique and rare collectibles can be exchanged against money in the market. This is why NFT games are getting more and more popular. Investors are heavily investing in blockchain gaming, because they are indicating the bright future bullish on of this huge industry.
The blockchain gaming revenue is huge which is why investors are betting their money on new projects. More importantly,
What is NFT gaming?
The sudden surge in the gaming market with the NFT market is hard to miss. From USD 338 million in 2020 to USD 22 billion in 2021, the gaming industry has witnessed an exciting year. Currently, the market has slowed down, and therefore, the crypto and NFT gaming market size are also decelerating. However, this phase won’t have a long-term effect on NFT because there are many properties that are still untouched and has huge market potential.
The best part of NFT gaming is that it provides the players the unique opportunity to collect in-game items. These in-game items most primarily help in the esports market. The injection of new features and functions has helped in increasing the engagement of fans and players . NFT game market size has reached new heights after introducing various plans for this industry.
NFT projects are introducing their own gaming, NFT coins, and other such properties to increase their NFT collection utility. Many NFTs are integrating with metaverse hence making the project more interesting and fun for their audience. Some of the famous NFT games are Axie Infinity, Decentraland, CryptoKitties, Splinterlands, and Star Atlas.
Top 5 NFT games
Following are top 5 NFT games that are the most popular gaming project right now. You must know these top 5 NFT games before stepping into this industry.
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Axie Infinity
Axie Infinity is the Ethereum-based NFT game in which the players need to breed digital pets named Axies and collect NFTs. The idea of the game is similar to that of Pokemon but with an advanced version. You need to fight against other Axies and win the level. There are many in-game properties that you need to win to upgrade your Axie.
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Splinsterland
Splinsterland is a card game that you can trade for cryptocurrencies. This gameplay is similar to any other card game where you need to match your cards in order to win. To play the game you first need to buy a deck of the cards and create a new account on Steam. The gameplay is simple but fun.
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Gods Unchained
The concept of Gods Unchained is similar to that of Splinsterland where the player needs to build a powerful deck of cards and use them against the other players. The best part of this game is that the trading cards are in the form of NFTs. This made the users true owners of their cards. This allows the players to trade their cards in the secondary market, powered by the native token $GODS.
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Decentraland
Decentraland is another best NFT game that has created a buzz in the market. The concept of virtual clothing, lands, and many other in-games have attracted NFT enthusiasts. These virtual lands and clothes are in the form of NFTs, powered by the Decentaland native token $MANA. The players can generate income by strategically using the virtual land in the games. You can exchange these NFTs with cryptocurrencies in the market.
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The Sandbox
Sandbox needs to be on the list of top 5 future NFTs in gaming because of the exciting and interesting gameplay and Ethereum-based structure. With the help of the native token $SAND, a player can process all kinds of transactions including purchasing various cryptocurrencies.
Final Words
In conclusion, the future of NFTs in the gaming sector is quite bright. This might not be the most exciting time to be in this space but as soon as the market surge, NFT gaming is going to take the world of technology by storm. Additionally, NFT projects are integrating different technologies to increase their utility and rarity.
About Krazy Kong NFT
For the NFT beginners, Krazy Kong NFT has brought multiple plans that are exciting and interesting. Krazy Kong is still in the early stage but has quality collections with unique properties. Raising the real-world problems, Krazy Kong aims to raise social and environmental awareness such as deforestation, animal rights, inequality, and conflict within and between animals and humans.