2021 was definitely the year of NFTs. The popularity digital non-fungible tokens have been on everyone’s lips the past year. One of the industries where NFTs have grown big quickly is the gaming industry. But is the hype around NFTs blow over or will they be a part of the future of the gaming industry?
The hype of NFTs seems to be unstoppable. All over the world people are getting interested in NFTs of all sorts. Close to one million NFTs are sold weekly and the NFT market size has been estimated at $7 billion. This is a massively growing industry. At the same time, it is an industry that provokes many different opinions for a variety of reasons.
One place where NFTs have really made an entry is in the gaming industry. This massive industry is valued at $59.7 billion and is only growing day by day. There are many different types of NFT games as well as ordinary games where NFTs has been incorporated in different ways. The blockchain technology behind NFTs is very resourceful when it comes to gaming.
What are NFTs?
Exactly what are NFTs? NFT is short for non-fungible token. This basically means that they are unique. They are unreplaceable. Basically, they are digital assets that can take any shape. They are created when they are authenticated by the particular blockchain. This is what makes them unique and sellable. These digital assets can be everything from art to music and games. If you are interested in getting started buying NFTs, you can get started with NFTs here.
Right now, the value NFTs are ranging from a few dollars to millions of dollars. Many celebrities, billionaires and influencers have jumped on the NFT-train which is of course a big part of the increasing hype and rising prices of NFTs.
Why is gaming and NFTs such a good match?
Basically, the combination of NFTs and gaming is all about the play-to-earn games. You can earn NFT from gaming. NFTs are in such high demand right now that many of them has high liquidity. This is very attractive for many gamers. One of the great things about NFT games is that you do not have to be a pro gamer to earn NFTs.
How does it look for the NFT gaming industry in 2022?
The big question of this whole thing is basically whether NFTs are a hype or if they will last. Right now, it seems like they are here to stay. Especially in the gaming industry where they have already gained massive interest, hype and excitement amongst gamers all over the world. All this points to NFTs becoming a big part of the future of gaming.
It is not yet possible to say whether or not this massive popularity and attention around NFTs is a hype that will blow over but many things support the theory that many blockchain-related phenomenon, including NFTs, are here stay in a digital age.