NFT Gaming Business Model — Everything You Need to Know

There’s no denying the fact that NFTs have taken the digital art and collectibles world by storm. According to the latest statistics from Forbes, the NFT market generated over $23 Billion in trading volume in 2021.

Over the years, many industries have used NFTs to their advantage. The gaming industry is one of them. The NFT play-to-earn business model that has been introduced into the gaming industry has attracted audiences from around the world.

You can take advantage of this emerging technology to turn your characters, player avatars, or items into NFTs to earn a lot. But you might be wondering what NFT games are all about? Why have they become increasingly popular? Which are some popular NFT games? What is this NFT gaming business model is all about, and so on?

Well, here we’re going to explain it all in detail. Let’s begin the journey.

What are NFTs?

NFTs or Non Fungible Tokens are digital, cryptographic tokens on the blockchain. Every NFT token represents a unique item. NFT comes with many use cases. It can be a digital asset in the game, a collectible piece of crypto…