NFTs in gaming: What’s good?
Last year, Non-fungible Tokens (NFTs) broke the internet. Video game publishers, artists and streaming companies are cottoning on to their game-changing potential. NFTs would externalise this process. So, for instance, instead of your Electronic Arts (EA) account data being used to confirm your ownership of a certain Sub Zero skin to Battlefield 2042, the game would check with an external blockchain to ensure that you’re the owner of that skin. This would also allow you to then transfer that skin (which is an NFT) to someone else, and Battlefield 2042 would be able to keep track of who owns it on the blockchain. What's Good? Since NFTs can be stored on the blockchain, all players receive the “right to transfer” the digital collectibles they gain access to. Limited items bought from in-game marketplaces can retain their value for as long as there is demand for the item. The “play-to-earn” model is a form of compensation for the amount of time players spend accumul...