The mobile gaming sector is one of the fastest evolving spaces, due to its close ties with trends and buzzing tech innovations. Devs and publishers alike are always studying what other industry peers are doing and are on the lookout for new ideas to solve the industry’s challenges.
If this sounds like you, by now you may have probably acquired some cryptocurrencies or started exploring the world of non-fungible tokens (NFTs). And you may have noticed that, when it comes to the fusion of blockchain technologies and mobile games, there’s still everything to do. In this article, we’ll take a closer look at this rather unexplored subject and examine the possibilities it brings.
Blockchains and NFTs: Towards a more accessible, transparent, and user-owned internet
A blockchain, being basically a public online record of transactions, enables the tracking of the movement of goods, services, and information by everyone. Data lives on decentralized networks publicly accessible instead of privately owned centralized databases. Therefore, the blockchains are permissionless, safer, transparent and open the doors for new ways to manage data and digital assets.
Among them, non-fungible tokens (NFTs) provide proof of ownership. Unlike fungible tokens (like cryptocurrencies), which are identical and have the same attributes and value when exchanged, NFTs are unique—they contain identifying information that makes them different from other tokens and thus irreplaceable and valuable.
NFTs have many uses including digital collectibles, artwork, music, or items in video games. For example, they can be used to prove that the in-game collectible you own is really yours and that only five of them exist in the game. As seen with famous NFTs collections like the Bored Ape Yacht Club or also CryptoPunks, other utilities like exclusive access to real-life events or online communities can be attached to NFTs.