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NFTs and Video Games Industry 2023

NFTs and Video Games Industry 2023

Game Review 

The gaming industry is discussing NFT. Know what?

As a gamer, you’ve probably heard the term NFTs in the last year or so. It’s confusing. NFTs have to do with cryptocurrencies and the blockchain, but why are they being linked to games?

NFTs and Video Games Industry 2023
NFTs and Video Games Industry 2023

Why are video game publishers are now creating NFT-based games? What do gamers have to do with N-FT’s? I mean what are NFT’s? Many do not know about it. The answer lies in the interdisciplinary barren and drylands of the economy and computer sciences. Bear with us today, as we will answer all your questions.

NFT and Video Games Industry

NFT’s have penetrated the games industry, some have embraced it while others have disregarded it. Big names in gaming like Valve have banned any game on its platform that uses NFT’s. Likewise, the Video Game Awards 2021 will not feature any NFT-based games.

Phil Spencer of Xbox has clearly stated that N-FT’s are, “more exploitative than about entertainment.” Ex-employee of Facebook and Yahoo, Alex Stamos, has regarded NFT’s as scams. Yet the likes of Sega, and Ubisoft have come in support of NFT’s and are planning to join other corporations in the domain of Blockchain and crypto-based games.

NFT is known as a Non-Fungible Token, custom-made money which exists in the virtual world in JPG, graphics file, or even a Tweet. But how come a simple image takes the form of money?

The question is valid, but the answer is simple: “because the crypto community decided that it is.” This is how things worked in the past when it comes to the economy. Human beings as a society decided to put value and trust behind the paper currency to symbolize the value of services and assets.

The government comes in and regulates it to keep things in order. Some other examples where people put a value on certain things are real-estate, fine art, collector’s item, and old video games. NFT is the same thing, so in crypto.

NFT and Video Games Industry
NFT and Video Games Industry

You come across an image you like, or you create one, you like it, own it, you fuse the image to create a cryptocurrency, and voila! You have your first digital currency; a token.

However, the digital world of crypto and NFT’s is more like a Wild West with no hard and fast rules.

Blockchain technology is used to keep a digital record of ownership and proof of work chain. Now when it comes to games, you can own and possess NFT’s or in-game collectibles, like in Axie Infinity’s NFT cat monsters, and exchange them for real money.

Game publishers are working to create games where you own an N-FT and level it up by playing the game to make it more valuable.

However, there are ethical questions also linked with it, especially the energy-intensive verification system. The massive energy requirements and consumption result in environmental issues.

Nevertheless, with the amount of money pouring into this domain, we may see AAA games based on NFT’s and blockchain in near future.

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NFTs and Video Games Industry 2023

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Nova Battles – Game Review

Nova Battles is a multiplayer online shooter game that can be played for fun with friends or as a way to earn rewards. Whether you are just looking to have a good time or want to put your skills to the test in a more competitive setting, Nova Battles has something to offer players of all types. To play Nova Battles, players must first select a Champion, which is an avatar represented by a non-fungible token (NFT). There are many different Champions to choose from, and all of them are free to use. Once a Champion has been selected, players can participate in any game mode and on any map, competing against other players for the chance to emerge victorious. The Champions in Nova Battles are unique and powerful characters, each with their own distinct characteristics and abilities. These abilities can be used to support the primary Champion in battle, making the Champions well-suited to different roles and playstyles. Players can choose to engage in either PVE (player versus environment) or PVP (player versus player) combat, depending on their preferences. This adds an element of variety and replayability to the game, as players can mix and match Champions and game modes to create a wide range of different gaming experiences. After each battle in Nova Battles, players are rewarded with Battle Rewards for their actions and contributions. These rewards can take the form of in-game currency, experience points, and other valuable items. The Nova Battles ecosystem is largely driven by Nova Soul, an energy resource that players use while engaged in combat. Nova Soul can be purchased through various channels, including the Marketplace, and is often made available through sales and other special offers. Nova Souls can be obtained in a variety of ways in Nova Battles. Players can purchase them outright from the Marketplace, or they can rent or lease them for a shorter period of time. It is also possible to craft Nova Souls using certain items that can be obtained through gameplay or by trading with other players. This allows players to customize their use of Nova Souls and choose the option that best suits their needs and playstyle.

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Flight Force 4: Web3 First Person Shooter with NFT Integration

Flight Force 4 is a groundbreaking web3 First Person Shooter (FPS) game that incorporates NFTs as playable characters and items. It introduces a “Play & Earn/Rent & Earn” system, offering players the opportunity to earn rewards while enjoying the game. The game is aimed at FPS enthusiasts, reminiscent of popular titles like Call of Duty. Set in the year 2087 after Earth’s environmental collapse and warfare, FF4 takes players to five habitable planets in a neighboring galaxy, where they must defend against the formidable X-ions, an extraterrestrial force. The game’s lore provides a rich and immersive narrative for players to explore. Furthermore, FF4 allows players to utilize their NFT assets in compatible metaverse platforms, expanding the gaming experience beyond the virtual world. The game features a collection of 3D NFT characters with unique attributes and value retention mechanisms, along with undisclosed upcoming features. Players can participate in weekly spot prizes, the Defender holder Alien NFT spawn event, and in-game token airdrops. They also gain whitelisting privileges for token sales and can look forward to future airdrops for in-game NFTs, creating a rewarding ecosystem. The NFTs in FF4 are known for their vibrant colors and intricate detailing, appealing to collectors interested in both Kamen Rider and Call of Duty aesthetics. The project’s roadmap includes plans for a comic book, adding an exciting dimension to the evolving FF4 universe. Flight Force 4 is designed for online FPS multiplayer gaming, with 11,111 Defender NFT characters at its core. It represents a pioneering venture in the world of web3 gaming, offering players the chance to earn rewards while immersing themselves in an engaging and visually stunning FPS experience.

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Eternal Dragons – Collect Dragon NFTs – Game Review

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Tanks for Playing – Game Review

Players in Tanks for Playing can earn rewards by competing against each other in strategic tank battles and completing missions. The game features a wide variety of customizable tanks and weapons, each with their own unique abilities and attributes. Players can also team up with their friends to form powerful clans and take on tougher challenges. In Tanks for Playing, players can earn rewards by completing missions and winning battles. These rewards can be used to upgrade their tanks and weapons or traded on the marketplace for other in-game items. The game also has a unique battle pass system that allows players to unlock special bonuses and rewards as they progress through the game. Overall, Tanks for Playing offers a fun and immersive gaming experience for players looking for a strategic and cooperative multiplayer game. Each player begins the game with two energy and two hearts, and their tanks have two tile ranges each.  According to the order they came into the game, players are assigned locations on the map. Aim is to win $TANK and make money. So, the tempo of the game is divided into three different game modes. Players can use their energy points to build and upgrade their army of tanks, as well as to attack and defend against other players. The game has a variety of different tanks, each with its own unique abilities and strengths. Players can also form alliances with other players and work together to conquer territory and defeat their enemies. In addition to earning energy points, players can also earn rewards by completing missions and achievements in the game. These rewards can include in-game currency, rare tanks, and other valuable items. Players can also earn rewards by participating in tournaments and events. Overall, Tanks for Playing is a fun and engaging multiplayer strategy game that offers players the opportunity to earn rewards as they play. Whether you prefer to go it alone or join forces with other players, there is plenty of exciting gameplay to be had in this immersive and tactical game. Obstacles and moving barriers on maps can prevent players from shooting or moving. Besides, the players’ actions are recorded on the blockchain as transactions. During their turns, players can take a variety of activities, including attack, upgrade, move, gift, and pass. Moving a tile costs one energy, increasing range and hearts costs three, and attacking foes within range costs one energy. A player within range may additionally receive one energy or a heart as a gift.

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Best P2E Games list 2024

NFTs and Video Games Industry 2023

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.