Are NFT and Blockchain games safe? Understand how they work Games

NFT games use blockchain technology behind cryptocurrencies like Bitcoin and Ethereum to make money by playing games with users. The genre has become popular with games that turn items into characters as well as single (or so scarce) items, which allows them to sell for real money. Recently, developers like EA Games and Ubisoft have also shown interest in adding NFTs to future versions. Understand below what these titles are, how they work, and how safe it is to play.

🎮 An NFT was used in six strange cases

Axie Infinity is a game that uses the blockchain network and promises the user real money – Photo: Disclosure / Axie Infinity

NFT is an acronym for “Non-Fungible Token,” which acts as a kind of digital certificate established by the same blockchain technology behind cryptocurrencies. This record gives originality to a particular digital element, that is, it ensures that the social media message or game element is unique or unique in the world. An example of how this works is the sale of the first tweet in history, linked to an NFT and sold for $ 3.8 million.

To understand the idea behind NFT, we need to understand what fungible and non-fungible goods are. A currency, for example, is fungible, which means that they are inseparable from each other. Therefore, one currency of R $ 1 can be exchanged for another of the same value without loss or gain. Artwork, on the other hand, is a non-fungible commodity that will always be different.

The presence of GTA RP Cidade Altan cars and other NFT elements is another example of the growth of the modality – Photo: Disclosure / Cidade Alta

NFTs apply the same concept to digital goods. This certificate can turn a meme, image, GIF, video, song, or website into a non-fungible asset. From there, the product ends up being valued by the market, especially if there is interest and demand, which can lead to appreciation.

In games, NFTs are linked to technology with digitally signed content. One example that has become famous is the Pokemon-style games, in which the creatures that the player collects are NFTs that can be valued in the market.

The aim is to get special, weird and stronger little monsters that will be in high demand and therefore more appreciated. Other applications can link items and cosmetics from the collection created and obtained in the game to NFT, allowing players to earn money by playing.

Do I have to pay to play?

It all depends on the NFT game and application. At the moment, Axie Infinity is the most popular NFT game, and to play it is necessary to buy at least three axies (wrapping monsters in the game). They currently sell for over $ 400 (R $ 2,234, direct conversion), which means you have to spend at least R $ 6,581 (or US $ 1,200) to start the game.

Gods Unchained is an example of free NFT – Photo: Disclosure / Gods Unchained

But there are free examples, like Gods Unchained, which is basically a card and strategy game. For starters, each player receives a deck of 140 cards that are not valid in the game’s internal network and therefore cannot be exchanged. As the user plays and evolves in the game, they can start collecting special cards that are valid for exchange with other collectors and players.

Why do games make money?

The idea of ​​NFT is to determine the uniqueness of a particular element. When something unique, unique, and consequently rare, a market for that type of product may appear (if there is demand).

In games, special elements always arouse interest. Having a market focused on cosmetics, equipment, among others, is not new, as is the case in the CS: GO communities, or even with skins only in the sale of DLC, for example.

The world’s first tweet went on sale in NFT format – Photo: Reproduction / Paulo Alves

NFT games are built around this idea because there is a demand for special items, encouraging the creation of an exchange market. These systems operate on the same principles and technologies that guide the operation of cryptocurrencies. Like any other market, they are subject to fluctuations, both as a result of speculation about NFT assets and as a result of the law of supply and demand.

As with any type of activity that involves money, the level of security depends largely on the user. To play (or invest) in games of this genre, it’s important to have a good understanding of how blockchains work, to adopt good practices, and to be free from fear. Another important consideration is to look for information about the game. Is it a product of trusted developers? Does the market work using reputable platforms? Is there a huge fluctuation in values?

The same measures apply to cryptocurrencies when trading NFTs in games – Photo: Reproduction / Islam and Bitcoin

After all, you should only enter this type of game when you understand that it is possible to lose money with NFT, as with other risky investments. Suppose you bought an item for R $ 100, but over time, the community estimates the same item for R $ 50. In this case, you were not necessarily the victim of a fraud or robbery, but rather the negative impact of speculation on an asset that is highly volatile and subject to fluctuations.

Troubleshooting tips

As we explained earlier, it is worth looking at how cryptocurrency works in general, as well as the blockchain behind it. Another important measure is to get involved with a broker (the so-called “exchange”) who trades the assets of the game you are interested in.

The broker acts as an intermediary to make your NFT available to interested buyers, as well as to purchase new items. This type of service provides a wealth of technical resources, maps, and graphs that allow you to track the evolution of the NFT market and potentially interesting cryptocurrencies.

EA believes that in the future NFTs will be part of the game – Photo: Reproduction / Electronic Arts

It’s also important to have a local wallet to store your digital assets. With this, you can effectively charge your cryptocurrencies and NFTs in isolation from issues that may affect your exchange. There are still cloud portfolios, but there are documented cases of people losing cryptocurrencies, even after a digital wallet has been proven to be a scam or when an exchange has disappeared.

In addition to Axie Infinity and Gods Unchained, there are other notable titles in the genre. These include Splinterlands, which focuses on card and trading games, and Sandbox 3D, where players can create and manipulate blockchain-exchanged 3D objects. Another example is Alien Worlds, which involves economic laws and teamwork for players to discover new planets. The game revolves around the Trilium, among other functions, a kind of currency that is also used to collect and lay the foundations.

Ubisoft and EA, the market leaders (AAA), have already agreed to consider introducing NFTs into their products in the future. This means that one day an open world game from Ubisoft, traditionally full of collections, could link this type of element to NFT for players to swap or swap with each other. In the case of EA, the developer can associate NFTs with FIFA Ultimate Team-type cards, for example.

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