NFT

The play-to-earn gaming experience is playing out to become a revolution for gamers by providing them with new player incentives and real-world economies where they generate a sustainable income. The process for which the crypto-gaming industry is making the play-to-earn model accessible is through the generation and sales of NFT’s (Non-Fungible Tokens). NFT’s have been rapidly growing in popularity, contributing to the excitement and interest in crypto-gaming startups.

The trading volume for NFTs hit $10.67 billion in the third quarter of 2021, which is up 704% from the previous quarter. One factor driving the skyrocketing trade is the growing popularity of crypto-games. In-game NFT items generated $2.3 billion of trading volume within that period, representing 22% of the total. Moreover, the NFT market is expected to grow more than 1,000x during the next few years16. The more comprehensive the crypto-gaming industry becomes, the more potential NFT's have in becoming a main economic pillar in the digital asset world.