💁NFT & Play-to-Earn

What is NFT?

An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.

NFT game combines conventional gaming designs with unconventional game mechanisms to let users have more control over in-game assets like virtual lands, characters, items and much more. This is made possible by launching games on blockchains and anchoring them with digital asset-powered economies. These digital assets are often NFTs so that they are distinguishable and tamper-proof. The adoption of NFT token standards also allows developers to preserve the rarity and uniqueness of some of these in-game items.

With this system in place, the players can claim ownership of game assets through 3 main strategies:

• They can mint new characters.

• Purchase digital items on native or third-party marketplaces.

• Unlock and earn new items.

P2E

Whichever way you choose to access these game assets, you have exclusive ownership rights over them. In essence, you can distribute or sell them and pocket all the money made from such trades. This is why this gaming model is called play-to-earn (P2E).