The Power and Purpose of NFTs in Gaming

What is a non-fungible token?

They are also unique in the sense that the metadata within the token is distinguishable from other tokens and that data is permanent to what the token represents. NFTs are a growing trend. NFTs are a growing trend.

But most importantly for us, it provides a real and revolutionary way to give power to the gaming industry. NFTs can be used for in-game assets, unlocking characters or levels, obtaining benefits, or by offering para-game abilities — the capability to use a NFT in one game and transfer it completely to another one.

Gaming NFTs and Exeedme

  • What if you had an in-game NFT that allows you to access levels in a game that others cannot?
  • What if you bought a special item as a NFT and you could transfer this to the games sequel or another game entirely?
  • What if you could legally transfer ownership of a game NFT to one of your friends or family members?
  • What if you could have a NFT trading marketplace that allows a community to get together to buy, sell, trade, and compete for NFTs which would also help the games that support them?
  • True Value of Ownership: this gives the ownership of that avatar or sword to the person that unlocked or bought the NFT. This is in contrast to today where the game companies own these special items that can be taken away at any time or if they no longer support the game.
  • Competitive Value: an avatar or sword in the form of a NFT can become transferred from one game to another. In addition, value can be determined based on factors such as its characteristics, age, popularity, integrations in other games, and more. This allows the value to these items to be extended as opposed to today where special items deteriorate as games depreciate.
  • Relationship of Owners: NFTs can also be of interest to other players, making them more valuable and available (if the owner wishes) for purchase. This also opens up projects like Exeedme to have marketplaces for NFT trades to flourish.

Leveling Up the Gaming Industry

About Exeedme

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Exeedme is a blockchain-powered gaming platform allowing gamers at all skill-levels, developers and organisers to monetise their skills

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Exeedme

Exeedme

Exeedme is a blockchain-powered gaming platform allowing gamers at all skill-levels, developers and organisers to monetise their skills

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