Gaming NFT Industry & World of Defish Role:
What is NFT:
A non-fungible token (NFT) is a unique identifier that can cryptographically assign and prove ownership of digital goods.
As NFTs for digital artwork have sold for millions, to say they’re popular could be an undersell. In the first half of 2021, NFT sales hit $2.5 billion.
However, once you understand how NFTs work, you’ll see there are additional use cases for this technology.
NFT for Gaming:
Essentially, NFT games are games that, in some manner, incorporate NFTs. Thus, they provide ways for NFTs to be put to use or just to be earned as rewards. However, in most cases, NFT game creators go with the combination of the two. As such, NFT games utilizes NFTs in their mechanism, rules, and player interactions.
For example, any character, game skin, fish, lands or water area, treasure box, equipment, or any other in-game item can be represented by an NFT. In addition, any reward given to players for achieving a certain level or completing specific tasks or challenges can also come in the form of NFTs.
Play 2 Earn Model:
By participating in the in-game economy, players are creating value for other players and the developers. In turn they are rewarded with in-game assets. These digital assets can be anything ranging from $WOD to in-game resources such as NFT. That’s why the play-to-earn business model goes very well together with blockchain games.
In the play-to-earn business model the game and the developers reward players for putting time and effort into their game. For example, in Word of Defish players earn $WOD and NFT by playing it. In addition, players need these tokens and NFTs to earn more valuable NFTs, but they can also sell the tokens and NFTs to others in the marketplace.
About World of Defish
World of Defish is a decentralized NFT gaming universe running on Binance. We inspire to give our users a journey to the most beautiful and mysterious places to hunt for collectible NFT fish. It is a futuristic world with endless factions. Players can upgrade their equipment, improve their skills, buy territories, compete with other players, trade on the marketplace.
In the World of Defish players can earn profit from their competitors.