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If you told a gamer from the early 2000s that they could get paid, get famous, and be financially secure, all because they are good at gaming, they will most likely call you insane and deranged. From a logical standpoint, it makes sense. Video games and earning money are two irreconcilable schools of thought back in the early days of the Gaming industry. Back then, gaming was only to provide entertainment and help people pass the time during hours of pure boredom. It is a very linear concept, yet our beloved industry originated here.Â
Consequently, we witnessed in our lifetimes how gaming became a career, from just a hobby for people to a full-fledged high-revenue career. Now, it's normal to have a favorite streamer, and it's also not bizarre to earn money from playing video games and having other people watch you be good at it anymoreÂ
There's a complete paradigm shift in the interests of the public, and this is for the best.Â
Fast Forward to 2023, and we're seeing yet another massive upheaval in the Gaming Industry, changing every single gamer's perspective on a video game for good.Â
It promises to streamline everything we love about gaming and provide more in the process, which is exhilarating to witness and be part of, to say the least.Â
Let us welcome and discuss how NFT Gaming and connectively Decentralized Gaming NFTs are vying to change the industry to a more profitable, safer, and enjoyable landscape for all gamers.Â
NFT Gaming
The concept of NFT games isn't new, as we had renditions of NFT with gamified elements as early as 2015. But what changed these days is how it quickly progressed from a simple collect-them-all stamp adventure to a billion-dollar industry with a promising future. It all started when Game Devs paid attention to one unassuming feature you won't even guess would be applicable to add in full-fledged video games — Profit.Â
From Play to Win, to Play to Earn!
From fruitless hour-long grinds for levels, exp (experience points), and in-game items. The brightest minds in the industry found you can make gamers earn from the ordeal after all! With the integration of the ever-decentralized Blockchain Technology in the equation, video games that not only reward the player with achievements and items but also real-life currency were created and born, sparking the age of Play to Earn.Â
The concept of every P2E (Play to Earn) game is quite simple. You play their game, and they reward you with an in-game token/item for your time, your grind, or your mastery, and then you can exchange these marketable items for real-life currency. Most Play-to-Earn games stuck with this notion, only changing a few key elements to make them stand out from the rest of the competition.Â
Since profit is a flimsy ally to have, especially in the face of a user base that didn't pay attention to it in the early days of the Gaming Industry, the foundation of Play-to-Earn slowly crumbled. Scalability issues, broken promises, and failed projects due to lack of funding, among other reasons, contributed to the eventual obsolescence of P2E.Â
But this is not to say that NFT Gaming is dead. Far from it, in fact. While profit is still a driver for the creation in this space, The industry saw fit to include other notable concepts that would work well with the current system of Gaming and NFTs.Â
The industry is now teeming with so many features and benefits, mainly for gamers and investors, but nonetheless, this opened a new chapter in the book of Gaming NFTs and will inevitably lead to Decentralized Gaming taking the world by storm again soon.Â
But how?Â
Methodical Methodologies
The whole industry is taking calculated steps towards their primary goal of achieving success in the Decentralized NFT Gaming landscape, far from the old headlong rushings these bodies have done in the past, driven by profit rather than development.Â
Along with this shift in interest came a transfer in who holds the power. While the regular gamer certainly had a say in the first iterations of NFT Gaming, the current path that the space is taking seems to give them most of the authority outright, which is a bold move but one that will prove to be the NFT Gaming industry's success.Â
This proved effective as gamers always knew what they wanted after all. Resulting in video games on par with the industry's standards, with the touch of Decentralized Gaming thanks to the integration of NFTs and blockchain technology.Â
Apart from innovating the interest of the NFT gaming industry to be more gamer-centric instead of profit-driven, other noteworthy features also saw use in the industry.Â
Some of these include:Â
- ERC-1155, creating NFTs and Fungible Tokens using the same smart contract that helps streamline the purchase, sale, safekeeping, and management of in-game assets, including promoting interoperability within the space.Â
- Governance and Community, where the average gamer's given as much power and opinion over the project's future and features as he sees fit.
- True Ownership: Â thanks to blockchain technology, Safekeeping data from every gamer's progress and inventory within a vulnerable central server is becoming a thing of the past. Data from Decentralized NFT Games are now stored in the immutable and ever-transparent blockchain.Â
- Developer Empowerment: Thanks to the decentralized nature of NFT gaming, developers who were once discouraged by lack of funds and Manpower can get assistance and support from where it matters most—their very own community!
- Immutability: manipulation of supply, whether game copies or in-game items, have been a big pain point of gamers and game developers across the Web2 Gaming Industry since people learned to tweak every game's codes. Thanks to the immutable nature of the blockchain, where Decentralized NFT Gaming will be built, the issue of piracy and cheating will be potentially eradicated for good.
- P2E (Play to Earn): Although previously the primary driver of most Decentralized NFT Games, P2E still plays a part in the grand scheme of the industry, since profit and incentivization are still seen as one of the biggest drivers of users in this space. Streamlined to be scalable, future-proof, and sustainable, the current P2E landscape is more than just earning. Now, it's earning sustainably, productively, and consistently, no matter the market situation.Â
All of these game-changing features enabled the whole industry to flourish from obscurity and become recognized as a possible contender for the future of entertainment, with some established gaming companies like Sony, home of the PlayStation console integrating the Decentralized NFT Gaming aspect in some of their would-be-released titles, as well as Ubisoft, home of world-renowned and critically-acclaimed titles like Assassin's Creed, Far Cry, and Watch Dogs.Â
In entirety, this is more than a testament to how potentially-successful the Decentralized NFT Gaming landscape is. This recognition and assimilation of NFT Gaming elements into multi-billion dollar gaming companies are a sign that this is the future of gaming, and we're bearing witness to the baby steps of this avant-garde movement.
What Tomorrow Could Bring For the Industry
With the current state of NFT Gaming and the Decentralization of Videogames in the Web3 landscape, the future's looking bright for everyone. Even better, since this whole landscape is built under the scaffoldings of Blockchain and Web3, scalability and future-proofing are automatically secured, so long as game developers play their cards correctly and methodically.Â
Wrap up
The Decentralized NFT Gaming, which for once was just a derivative of the gaming industry giant, is slowly innovating the industry, integrating itself into the industry to transform it into a more inclusive, player-centric, and economically viable industry.Â
Thanks to the above mentioned features that were added in the current iterations of Decentralized NFT Games, gamers are empowered, developers are adequately equipped, and the whole industry is kept alive and capable of expansion.Â
Discussing Expansion, the Decentralization of Games carries with it expected scalability upgrades and chances to become even more capable of catering to its beloved consumer base.Â
All of these contribute not only to a better future for the Decentralization of video games but for the entirety of the gaming industry itself, and with Web3, which will be the prime catalyst for the integration of Decentralized Gaming drawing ever closer after each iteration, the whole industry is due to be shaken once again soon, by something we've been familiar with all these years!Â
Author Bio
Elfin Games is a trailblazing pioneer in Web 3.0 Gaming, harnessing cutting-edge technology to deliver revolutionary and interactive gaming experiences for the next generation of players.
Disclaimer
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