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CoinQuora’s In-Game NFT Utility



The utility of NFT in the game

NFT is the newest concept in the game. They have exploded in popularity over the past year and will no doubt remain a staple of the gaming world in the years to come. But what purpose does the NFT serve in the game? What can you do with NFT? In this article, we take a look at some of the most innovative upcoming games in the blockchain space and analyze how they innovate on the utility of NFT in games.

One privilege that almost all blockchain games share when it comes to NFT is the concept of digital asset ownership. In traditional games, items, skins, characters, and any kind of digital asset exist only in the game and have no value outside of it. Depending on the game’s terms of use, players may not even own what they’ve created in the game.

With NFT, players have a certificate of ownership of online assets, allowing them to be traded, wagered or sold to other players. It is also the first building block in creating the NFT metaverse, allowing users to transfer and even use their digital assets across different platforms. Imagine taking an item from one game and using it in another. All of these features are made possible through the core philosophy of gaming for money, which is to give ownership of digital assets to the people who deserve it, the players.

Several upcoming games in the blockchain gaming world have taken different approaches to ensuring NFT utility. Here are a few games where their team got their creative thinking clear on the utility of NFT.

Project Hive

The experienced team behind Project Hive understands a basic but often overlooked rule of digital asset pricing. To make it desirable, you have to make it look good. And that’s exactly what they did with Project Hive’s conceptual design. With the art direction of Marcin Rubinkowski, the brilliant artist behind the conceptual design of games like Destiny2 and Ghostrunner, as well as Netflix’s Love Death + Robots series (NASDAQ:), has taken on a public aesthetic. cyberpunk’s high-tech to the Play-to-Earn gaming space, creating the desirable NFTS. The developers have also created a feature that allows players to create textures and model skins for 3D items in the game and monetize their artwork.

In Project Hive, most of the playable items in the game are NFTs. Players still have full control over their in-game assets, allowing players to create, upgrade, and trade NFTs for additional income and participate in the actual game development. There are countless NFT item combinations with unlimited variety, and players can use five different game mechanics to interact and earn money on NFT. This project is absolutely amazing and we are all here for it. Furthermore, Project Hive will allow artists to provide their textures and skin designs for regular community voting events, with skins that receive the most votes being featured in the game. play and tradable on the open market. Leather designers will be paid for their designs through a predetermined fee.

Project Hive’s NFTs and utilities are among the most innovative in the blockchain game. If you want to get involved with Project Hive as much as we do, don’t miss their NFT press conference on March 28. You can access the sale here.

Apeiron

Another path to in-game utility is allowing players to create new NFTs. Apeiron, the upcoming god simulation game that offers NFT in the form of Planets, Stars and Relics, will be sold in public markets. The main game loop happens on Planet NFTs. Stars are like “land” in other NFT games and will provide powerful passive rewards for Planets orbiting them and Relics that are in-game objects – such as Avatars, planetary wonders or special items. NFT technology allows for the creation of a cool feature they call celestial union, in which the player can merge the natures of two planets to create a new planet with the characteristics of the two planets. both.

Planet Mojo

Planet Mojo, like all other ambitious NFT games, is building towards a future metaverse where their characters can roam. In this game, players will have the ability to own 3D characters that can be played in their game as NFTs and compete in ongoing play and earn tournaments. It will also include NFT Battle Stones crafted in the Biome (Land) playthrough. But the big goal is to allow players to bring their custom teams into a connected set of games and experiences set inside the Planet Mojoverse.

Cradle

Upcoming game Cradles really stepped up the movement by developing the first entropy-based metaverse. Blockchain technology allows developers to introduce the concept of an entropy world into the game. Cradles is also innovating technologically by developing an entirely new NFT protocol, EIP3664, which overcomes some of the disadvantages of the dominant ERC1155 protocol. ERC1155 is not enough to include props-rich features and functions in smart contracts. The EIP3664 protocol is made fully compatible with ERC1155 to help game developers extend their operations with gaming NFTs.

Penguin Karts

As one of the coolest games on the list, Penguin Karts is set to offer 2D and 3D NFTs, minted on the blockchain. Collectors can buy or sell on the secondary market or stake these NFTs on contracts on Ethereum, then enter the game and harvest as rewards in-game loot boxes that can be obtained on the Fantom chain. . This process allows the game to reach a wide Ethereum audience but avoids exorbitant gas fees.

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