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Home // PIKA News // What are NFT Games?

What are NFT Games?

Date: 14 Feb,2024 14:42 | Author: Ralph
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NFT games are a new genre of video gaming that incorporates non-fungible tokens (NFTs) into their game mechanics, creating a bridge between the real and virtual worlds. Here, NFTs are typically used as in-game assets, giving players the ownership of unique digital items such as characters, skins, or weapons. 

NFTs are like digital collectibles that you can buy, sell, and trade either in games or on special websites called NFT marketplaces. Just like rare collectibles in the real world, these digital items are valuable because they are rare and a lot of people want them.

NFT games are different from regular games because they follow specific rules set by smart contracts. These are automatic rules written in code and stored on a blockchain, which is like a secure digital ledger. These rules manage how NFTs are made, used, and traded in the gaming environment. These smart contracts ensure transparency, security, and integrity, to ultimately establish a trustworthy framework for players.

What’s fascinating about NFT games is that they revolutionise how players interact by allowing them to own and personalise their gaming experiences. Additionally, players can potentially earn real-world rewards or profit from their in-game investments by swapping or trading their NFT assets. 

How Do NFT Games Work?

In-Game NFTs

In-game NFTs are unique digital assets that players can earn, trade, and exchange for real-world money within NFT games. Various types of in-game NFTs include currency, avatar character skins, weapons, tools, gloves, trading cards, and pets. 

Players can use these NFTs to customise their gaming experience and enhance their gameplay. For example, they can trade avatar character skins with other players to create a unique look for their in-game persona, or collect and trade rare trading cards to boost their status.

To acquire NFTs, players can complete specific tasks, participate in events, purchase them on game marketplaces, or mint them. Once acquired, these NFTs can be traded within the game’s ecosystem,or exchanged for real-world money on NFT marketplaces.

Play-to-Earn NFT Games

Play-to-earn NFT games are a type of online game where players can earn NFTs by completing in-game tasks. These tasks can range from defeating Player-versus-Player (PvP) enemies, to completing quests or achieving certain milestones within a game. 

Players also have the option to stake cryptocurrency within the game, which can lead to the earning of additional NFTs or other in-game rewards. Additionally, NFTs or cryptocurrency can be tied into smart contracts within the game, enabling more complex and automated interactions between players and the game’s economy.

NFT Game Development

NFT games can encompass a variety of genres, such as role-playing games, collectable card games, and virtual worlds, to ultimately present a diverse pool of opportunities for developers and players alike. Below are the key steps in creating an NFT game. 

1. Designing: The first step is conceptualising the NFT game, including the storyline, characters, gameplay, and artwork. This involves creating unique NFT assets that players can own and trade.

2. Development: Once the design is finalised, developers use blockchain technology to integrate NFTs into the game, ensuring each asset is verifiably scarce and unique. Blockchain choice – such as Ethereum (ETH) or Binance Smart Chain (BSC) – is crucial at this choice, as well as programming language adoption, such as Solidity or Rust.

3. Testing & Launching: Testing the NFT game for security, functionality, and user experience is vital before launching it to ensure a smooth and successful release. This step also involves minting the NFTs and integrating them into the game.

4. Marketing: Marketing campaigns are crucial in creating awareness and driving adoption after launching the game. Marketing may include leveraging social media, influencers, and partnerships to reach the target audience and drive sales.

Notable NFT Game Development Tools

Notable NFT game development tools provide developers with the necessary resources to create and implement non-fungible token (NFT) based gaming experiences. Blockchain development platforms like Ethereum, Tezos, and Flow provide software development kits (SDKs) and APIs to integrate NFT functionality into games. These platforms offer features such as smart contracts, token standards, and digital asset marketplaces.

Asset creation tools like Blender, Maya, and Photoshop enable developers to design and produce unique and valuable in-game assets that can be tokenised as NFTs. Additionally, asset marketplaces such as OpenSea, Rarible, and SuperRare allow developers to buy, sell, and trade NFTs, fostering a thriving ecosystem for digital collectables and game items.

The top tools driving innovation in the NFT game development industry include Ethereum’s Solidity for smart contract development, OpenZeppelin for secure and audited smart contracts, and IPFS for decentralised file storage. Combining these tools empowers game developers to create, tokenise, and manage NFT-based gaming assets, leading to new and immersive gaming experiences in the blockchain space.

For storage, NFTs can be digitally kept in software wallets like MetaMask, or even better, hardware wallets such as Ledger.  

If you’re eager to dive into the world of NFT gaming, 2024 is packed with thrilling options that promise not just entertainment but also the potential for real earnings.
Lets give you the list of the best NFT games to play and earn money.

1. Pikamoon

Pikamoon is an exciting 3D Play-to-Earn (P2E) Web3 game set in Dreva, a virtual world within the Pikaverse metaverse. Taking inspiration from Pokémon, the game lets you battle your Pikamoon character NFTs against other players in online PvP and multiplayer battle arena (MOBA) scenarios.

By owning a team of Pikamoon NFTs, players can uncover unique species and hidden gems whilst pitting them in online battles to earn its native PIKA token (P2E galore). Although winners get a bigger share of the PIKA prize pools on offer, everyone gets rewarded (just for playing).

Pikamoon offers various game modes, including online multiplayer, offline modes, pink slips, campaign mode, and free roaming. If you invest $300 in PIKA, you’ll get valuable PIKA tokens and a FREE Pikamoon NFT – the key to actually playing the game. These NFTs are already showing promise with 1:1 returns, or even potential profits of $10,000+ if you land one of the 18 God Pikamoons.

PIKA is presently in its third and final presale stage, therefore meaning that investors still have an excellent opportunity to join the community while prices are still at a discounted level.

To begin their metaverse journeys across Dreva, the online Pikamoon Beta community is also thriving across Android and Apple devices.

2. Splinterlands

To start playing Splinterlands, the first step is to purchase a starter pack of NFT cards from the official website. Once you have your cards, the next step is to register a Steam account, which will serve as your login for the game. With your account set up, you can unveil your NFT cards on the Splinterlands platform, giving you access to your digital card collection.

The gameplay of Splinterlands involves a mixture of auto-battle and deck building. Players can strategically build their deck using the NFT cards they own, and then participate in auto-battles against other players or AI opponents. The game also features play-to-earn mechanics, allowing players to earn rewards for participating in battles and ranking up.

The in-game currency in Splinterlands is called Splintershards (SPS), which can be used to purchase additional cards or items within the game. Splinterlands operates on the HIVE blockchain, which enables secure and transparent transactions for players within the game.

3. Gods Unchained

Gods Unchained is a free-to-play NFT (non-fungible token) game that combines the collectable card game (CCG) genre with blockchain technology. In the game, players can build decks of cards representing mythical creatures, gods, and spells to battle against each other. These cards are NFTs, which means they are unique, verifiable digital assets stored on the Ethereum blockchain.

Players can earn in-game items and cards by participating in matches and tournaments or by purchasing them on the marketplace using the game’s native token. Using NFTs as in-game items allows players to truly own their digital assets and trade them with other players in a P2P manner. These NFTs also have real-world value and can be sold or exchanged outside the game.

As collectables, the NFT cards in Gods Unchained can appreciate based on their scarcity, demand, and in-game performance. This creates a unique gaming experience where players can enjoy the gameplay and invest in and trade their digital collectables. 

Emerging technologies such as blockchain scaling solutions, advanced NFT standards, and the role of artificial intelligence (AI) are poised to revolutionise the NFT gaming industry. Blockchain scaling solutions, such as Layer 2 solutions and sharding, will address the scalability and high transaction costs plaguing NFT gaming platforms. 

With blockchain scaling solutions, NFT gaming platforms can handle more transactions at a faster pace, allowing for seamless gameplay and improved user experience. Additionally, virtual reality integration can bring a whole new level of immersion to NFT gaming, creating more realistic and interactive experiences for players.

Advanced NFT standards, such as ERC-1155, allow for more efficient and flexible token management, enabling a wider range of in-game assets to be tokenised. 

In turn, the potential impact of these technologies on the future of NFT gaming is significant. Blockchain scaling solutions will enable seamless gaming experiences with faster transaction speeds and lower fees, while advanced NFT standards will expand the diversity and interoperability of in-game assets. 

And when it comes to the role of AI, such tech is forecast to further elevate NFT gaming by creating dynamic and personalised experiences, ultimately shaping the industry’s next frontier. These technologies will pave the way for a more inclusive, efficient, and immersive NFT gaming ecosystem, attracting a broader audience and driving further innovation in the space.

What Are NFT Games? – Conclusion

NFT games represent more than just a passing trend; they signify a profound transformation in the digital gaming landscape, reshaping how players experience, own, and connect within virtual realms. 

Additionally, cutting-edge Web3 games such as Pikamoon continue going one step further with the excitement of play-to-earn dynamics and exclusive NFT collections, marking an all-encompassing pivotal shift in gaming and passive earning potential.

To actively participate in this gaming revolution and secure your place in the Pikamoon universe, consider getting involved in the third and final Presale stage for PIKA tokens. As one of the fastest-growing GameFi tokens, PIKA is poised for remarkable growth, especially with the anticipated surge in adoption during the next crypto bull run. 

Don’t forget to download the Pikamoon Beta on Android and Apple devices to join the #PikaArmy, and become part of a community where PIKA is set to unlock unprecedented gaming experiences in the near future. 

FAQs

What is the most successful NFT game?

Whilst a subjective matter, many tout Pikamoon as the best NFT currently on the market. As a dynamic 3D Play-to-Earn (P2E) gaming universe set in the fictional world of Dreva, the game draws on inspiration from Pokémon to allow players to engage in offline and multiplayer battle arena (MOBA) battles with their Pikamoon NFTs. 

What should investors look for in an NFT game?

First, check out the folks behind the game. Do they know their stuff? Have they made successful games before? Look into their background. Next, look at the game itself. Is it easy to use and well-made? Do a lot of people play it regularly? If yes, it’s a good sign. Lastly, before you invest any money, do your homework.

How do you earn profits from NFT Games?

In NFT games, players can make money by trading rare NFTs, participating in in-game activities for rewards, creating and selling content like art or music, and earning in-game currency that can be exchanged for real money or valuable rewards. 

What are the risks of NFT games?

NFT games often demand a high upfront investment, posing risks. Poor tokenomics in many blockchain games jeopardise long-term sustainability. Watch out for rug pulls and scams in play-to-earn games. Also prioritise research to understand possible risks before investing or playing.

What does NFT stand for?

NFT stands for non-fungible token, a unique digital identifier that is recorded on a blockchain and used to certify ownership and the authenticity of a digital asset.

What is the biggest NFT game?

The biggest NFT game currently in the marketplace is Axie Infinity, a game similar to Pikamoon. In Axie Infinity, players collect and battle monsters that are tokenised as NFTs. The game has over 2.5 million daily active users, generating over $2 billion in revenue.

What is the best earning NFT game 2023?

With a market cap of $1,039,243,021, The Sandbox is currently the best earning NFT game of 2023. 

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic's opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Author:

Ralph

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About the author: This content is informational & should not be considered financial advice. The views expressed in this article may include the author's personal opinions.

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