The gaming industry is rapidly evolving, and web3 technologies like blockchain and NFTs are playing a major role in driving that change. With blockchain, players can have true ownership over their in-game assets, rather than those assets being controlled by the game developer. This creates new opportunities for creativity and revenue generation.
NFTs (non-fungible tokens) are also changing the game, so to speak. NFTs allow for unique, one-of-a-kind digital assets to be created, traded, and owned, giving players even more control and value over their in-game items.
Beyond ownership, blockchain and NFTs are enabling new gaming experiences that were previously impossible. For example, games can now have truly open, decentralized economies, where players can trade and exchange assets without intermediaries.
Developers can also benefit from these new revenue models. With blockchain, developers can create in-game items that retain value outside of the game, potentially leading to new sources of revenue and Funding for game development.