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Volume 20 No 12 (2022)
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BLOCKCHAIN AND NFTs : FUTURE OF VIDEO GAMES
NEESHMA SHAJI , NIKITA MADAAN , SHIKHA TUTEJA
Abstract
Over the past ten years, there has been a
tremendous shift in how people see money and
finances. Blockchain technology was created ten
years ago, paving the way for cryptocurrencies.
Video game sales are now soaring and don't seem to
be slowing down. The gaming business is becoming
more and more interested in the blockchain sector
and utility tokens. Blockchain technology and nonfungible tokens are driving the most intriguing
shifts in digital assets and ownership (NFTs). NFTs,
or Non-Fungible Tokens, are distinctive, valuable,
and advantageous. Their manufacturing and trade
have been made possible by the introduction of
blockchain technology. The epidemic has had a
tremendous impact on all aspects of our life,
including the top Play-to-Earn (P2E) games for
players looking to influence public opinion in
exchange for money. P2E has enabled game makers
to flourish in this ecosystem by focusing on
blockchain and NFTs. This paper explores the
background, the nature of NFTs, and their attempts
to alter video games.
Keywords
Blockchain technology, NFTs, P2E Gaming, Metaverse, Decentralized Finance (DeFi),
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