🔘Emergence of NFTs and Blockchain in Gaming
Last updated
Last updated
By sales volume, game-related items and collectibles have emerged as a dominant force in the Non-Fungible Token (NFT) market. NFTs, which represent ownership of unique in-game assets, have introduced a new dimension to the gaming industry by enabling players to own and trade their digital possessions.
This has led to a symbiotic relationship between the gaming and blockchain sectors, with gaming responsible for over one-third of unique active wallets (UAWs) on the blockchain (source: dappradar.com). This intersection of gaming and blockchain technology fosters a paradigm shift in ownership dynamics, offering players unprecedented control and value in their virtual gaming experiences.