Non-fungible tokens aren't exclusive to the blockchain gaming industry. These tokens can represent digital and real-world assets like artwork, real estate, collectibles, and even personal identity. As a result, NFTs have a wide range of practical applications that appeal to multiple industries and use cases, and their adoption is accelerating.

In contrast, blockchain-enabled games — many of which are decentralized applications (dApps) — focus more heavily on generating value for players. This dynamic introduces a paradigm shift that allows players to better capture the utility and value of assets acquired through in-game purchases, regular gameplay, or promotional events. For instance, when a player purchases an armor upgrade in a traditional game, their only benefit is enhanced gameplay within the context of that one game. However, in a gaming ecosystem that utilizes cross-platform non-fungible tokens (NFTs), the same armor can be tokenized in a way that transforms in-game purchases into transferable assets that may confer benefits across interconnected games or be exchanged for money or other digital assets.

While the global gaming industry continues to grow across all markets, it remains structured in a way that primarily benefits game developers and perpetuates a one-directional flow of value where players spend money to unlock access to in-game assets and gameplay configurations. In contrast, blockchain-built games and decentralized applications (dApps) enable players to capture the utility and value of in-game purchases and asset acquisitions more effectively.

NFT Metaverse develop games and P2E platforms for the metaverse with NFTs like characters, lands, games, experiences, and more set within a vast virtual world.

Cryptocurrency is relatively new and not well-regulated, criminals are always looking to take advantage of crypto gamers via hacks and scams. Just because a game’s underlying blockchain is secure doesn’t mean its engine or marketplace is secure. Digital wallets that store crypto gaming tokens can also be hacked or mishandled.

Crypto gamers can think of in-game rewards as small paychecks they receive for completing quests or other requirements.

Decentraland (MANA) is the native token for Decentraland, a virtual world built on the Ethereum (ETH) blockchain. Users can buy and sell digital real estate, interact with other users and even play games in Decentraland.
Players use MANA to purchase Decentraland NFTs defining virtual land parcels or exchange them for other in-game goods and services.