What is a gaming NFT?

A gaming NFT is an NFT associated with any digital item from the realm of online gaming and the metaverse: in-game items, characters, skins, customizations, maps, modes, tickets, collectibles–any digital creation that one would use in a gaming environment. It is a unique, blockchain-based item representing a specific item or element within a game.

What is the difference between crypto gaming and NFT gaming?

Crypto gaming and NFT gaming are two different segments, as the first is more focused on spending cryptocurrencies to earn and transact with other players, while NFT gaming is focused on using native currencies for generating and collecting unique NFTs that can be used in-game for special actions or held and sold later on.

What is a play-to-earn NFT game?

In play-to-earn games, players can earn NFTs simply by playing the game and demonstrating their skills or dedication. Some examples of play-to-earn NFT games include CryptoKitties, and Cryptovoxels.

Can a player own an item in an NFT game?

Again, this is common now, but while a player may own an item in a game they are limited to what can be done with it; in an NFT game that item can be resold, placed on an NFT marketplace or offer broader utility – a Nike sneaker could offer access to a real world event.