Introduction
The gaming industry is one of the biggest sectors that has captured virtually every individual that is exposed to technology under the sun. Many NFT Launchpad Projects have seen a boom in recent years, during the lockdown, due to the high demand in need for escapism. Even though the sector is a stand-out economy booster on its own, it has set its sights on the highly adaptable and beneficial crypto realm. The integration of games in the cryptos gives an opportunity to grow both sectors even more and within reason.
In the article, let’s see how the gaming platform has grown in the crypto, what different forms of avatars it takes on different use cases of the crypto, some case examples of marketplaces that are integrating the gaming into their model, and NFT Launchpad for games.
How gaming functions in the crypto realm
1. The gaming platform has been introduced to the NFTs as a “play to earn” model. For long the gaming sector and its users have not been able to monetize the platform that works to the advantage of both.
2. Since the NFTs are developed on the blockchain, any asset in the games can be asserted with a monetary value. This allows for developers to earn as players buy the assets. And the users can further trade these assets in the NFT based game.
3. Any of the assets, including – avatars, weapons, accessories, and environments in the game, can be monetized.
The economy behind the NFT gaming
1. The monetizable aspect of the NFTs in a game derives from the “earn to play” model the platform integrates. And the gaming sector, specifically in the NFT space, has seen an unprecedented boom after the introduction of the model.
2. Upwards of $11 billion in revenue have been achieved in the past in the NFT gaming industry alone.
3. With the introduction of NFT art launchpads, accessibility to more NFT marketplaces that cater to gaming fans is set to boom.
The rise of the gaming industry in recent years
1. The lockdown has brought about a much-needed change in how we consume media and entertainment in general.
2. Gaming has been the most popular form of escapism. In the past few years, the accessibility of those mediums had to serve the target audience, and gaming in crypto has done exactly that for its users.
3. The fact that players and developers can develop revenue for themselves while having some fun with the platform is a positive takeaway.
The “Play to earn” game model
1. The platform is built on the promise of generating revenue for the players, with the “play to earn” aspect.
2. The blockchain allows for the platform to scale, secure, and make transactions in the plain because of its transparency. The blockchain is also the safest place to store any game assets.
3. This model will usher in more people who are oblivious to the sector, making them see the benefits of the platform and improve the experience of the digital native individuals.
NFT, crypto, and blockchain games and their unique distinction
1. Video gaming platform involving blockchain and cryptocurrencies. The crypto-based games integrate every aspect of the cryptocurrency and the rewards and benefits of playing them.
2. The assets, in-game collectibles, and accessories included in the NFT Launchpad for games are the pull-in factor for the NFT games. These assets act as actual NFTs, as in, they can be sold off as NFTs in the secondary marketplaces.
3. The blockchain games are developed on the blockchain, like any other crypto-based game. They have the unique distinction of being transparent and public, with the assurance of security of the assets.
Launchpad for NFT games
1. The current trend of the NFT games gradually gave birth to the rise of NFT Launchpad for Games. This caters to new and fresh ideas, with even non-coders in the platform to start their own NFT gaming marketplace.
2. The launchpad solution for gaming platforms is the answer to the exponential growth in the crypto industry’s sector.
3. Some of the established gaming launchpads are NFTpad, NFTb, and one of the NFT marketplace on the rise that is looking to peer into the NFT game market is Beyondlife.club, with their interactive metaverse marriage NFT that was the first of many.
Developments in the NFT gaming industry
1. Since the games are developed on the blockchain, any environment built on the platform, i.e., blockchain can be monetized.
2. The gaming in the NFT space brings in a large crowd of young enthusiastic users that better the platform while also generating unparalleled revenue from the platform.
3. The launchpad for NFT gaming gives the opportunity for businesses and developers with no technological background to pierce into the market with ease.
4. The metaverse is one of the biggest developments in the gaming industry. It is set to take over the gaming NFTs by storm in the near future.
Futuristic scope in the industry
The NFT gaming industry has been on a high ever since its benefits have been realized. The opportunity to generate revenue while also having an immersive experience and fun in the platform is the beneficial factor that makes it very appealing to the audience. Try out the gaming platform in the crypto realm and reap the benefits as far as the digital world stretches.
