What is new in the current gaming industry?

Posted by osamudazai on August 17th, 2022

The gaming world is something that we always long for to get lost from reality. The evolution of digital gaming right from the beginning never failed to surprise us. The moment NFTs were introduced, they began to show their dominance in every industry they stepped in. One among them is the Gaming Industry. NFT gaming marketplace has become one platform that is giving opportunities for gamers to trade their in-game assets with fellow players. In a short span of two to 5 years, the gaming industry has seen a lot of changes and innovations. Here is everything you need to know about them.


The current gaming industry


Though the initial stages of the gaming industry took its time to attain the utmost technological advancements, it is now moving at a rapid pace. In the last few years since the introduction of Non-Fungible Tokens, there is an upturn in the gaming industry. The potential to own digital collectibles or in-game items and trade them for fiat or crypto has brought a new genre of  NFT gaming. 


Previously it was free to play, which then brought pay to play to give an enhanced gaming experience. With NFTs, Play to earn games emerged. Here every time a gamer plays and scores, he/she gets equivalent rewards in terms of fiat or cryptocurrency. Though this gives a lot of monetary and gaming benefits to the gamers, there are negative opinions rising around the gaming community.


This gave rise to Play to own games, where the gamers have to play and score to own certain in-game items as a reward. These reward NFTs are tradeable, and they give a better gaming experience.


The bottom line


 With the introduction of Metaverse and XR headsets, the future of gaming is getting interesting as it progresses. The NFT gaming platforms, with their futuristic approach, are getting ready to enter the metaverse with a whole new gaming experience. 


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Joined: July 20th, 2022
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