Thinking about leveraging NFTs for your next game?

If you've heard of Axie, ETHLAS, or Treasure, you're halfway there!

Non-Fungible Tokens (NFTs) have gained significant attention in the gaming industry due to their potential to revolutionize the way in-game assets are owned and traded.

The industry is already starting to evolve, with major companies such as Krafton (PUBG) looking to launch their own blockchain in the near future.

With gaming becoming the next industry to adopt Web3, there's no better time to look into NFTs and digital collectibles.

12 use cases for NFTs as in-game assets in video games

1. True Ownership of In-Game Items

NFTs enable players to have true ownership of their in-game assets. This means that players can buy, sell, and trade their in-game items outside of the game's ecosystem. This ownership can extend beyond the life of the game itself.

2. Unique Collectibles

Games can create unique, limited edition collectibles as NFTs. These could be special skins, weapons, or character costumes that are highly sought after by players. Collectors can then trade these valuable NFTs on secondary markets.

3. Interoperability Across Games:

NFTs can be designed to work across multiple games or gaming platforms. For example, a sword obtained in one game could be used in another game from the same developer or on a compatible platform, adding a new level of value and utility to these assets.

4. Player-Created Content

Players can create and sell their own in-game items as NFTs. User-generated content, such as custom skins, mods, or even virtual real estate, can be tokenized and traded.

5. Provenance and Scarcity

NFTs can prove the scarcity and authenticity of in-game items. This can create a sense of exclusivity and rarity that drives demand among players and collectors.

6. Incentive for Player Engagement

Games can use NFTs as rewards for in-game achievements or as incentives to participate in events or complete challenges. This can motivate players to engage more deeply with the game.

7. Decentralized Marketplaces

NFTs can be traded on decentralized marketplaces, allowing players to buy, sell, and trade in-game assets without relying on a centralized authority. This can reduce fraud and create a more transparent and open economy.

8. Monetization for Developers

Developers can benefit from the secondary market for NFTs by taking a percentage of the transactions that occur on marketplaces. This can create a sustainable revenue stream beyond the initial sale of the game.

9. Unique Personalization

NFTs can offer players a high degree of personalization. For instance, players can have unique avatars or character skins that no one else has, allowing them to express their individuality.

10. Virtual Real Estate

Some games, especially in the metaverse and blockchain gaming space, offer virtual real estate as NFTs. Players can own and develop virtual land, which can be used for various purposes, including building homes, businesses, or community spaces.

11. Cross-Platform Ownership

NFTs can be used to facilitate cross-platform ownership, allowing players to use the same in-game items on different gaming platforms or ecosystems.

12. Player-Driven Economies

NFTs can enable player-driven economies within games, where players control the supply and demand of in-game assets, creating unique economic dynamics.

If any of these use cases resonate, or you're looking to jump into the world of NFTs, NiftyKit can help. NiftyKit is a no-code platform that enables you to create, manage, and distribute NFTs through our self-serve tools or API. Get started today!