What are games involving NFTs known as?

NFTs (Non-Fungible Tokens) are digital assets that have unique identities and cannot be replaced with anything else. They are stored on blockchain technology, making them secure and transparent. NFTs can be used in a variety of ways, including games, art, music, and more. In this article, we will explore what games involving NFTs are known as.

1. Collectible Games

Collectible games are games that involve the collection of unique digital assets or collectibles. These games often use NFTs to represent the collectibles. Examples of collectible games include Pokémon Go, CryptoKitties, and Axie Infinity. Players in these games can buy, sell, and trade their collectibles with other players, making it a popular pastime for many.

2. Blockchain Games

Blockchain games are games that use blockchain technology to store data and manage gameplay. These games often involve the use of NFTs to represent in-game assets. Examples of blockchain games include CryptoKitties, Decentraland, and Ethereum Games. Players in these games can buy, sell, and trade their in-game assets with other players, making it a popular way to earn cryptocurrency.

3. Play-to-Earn Games

Play-to-earn games are games that allow players to earn cryptocurrency by playing the game. These games often use NFTs to represent in-game assets. Examples of play-to-earn games include Axie Infinity, Splinterlands, and CryptoKitties. Players in these games can buy, sell, and trade their in-game assets with other players, making it a popular way to earn cryptocurrency.

Conclusion

3. Play-to-Earn Games

Games involving NFTs are becoming increasingly popular as more people discover the potential of blockchain technology. Whether you’re interested in collecting unique digital assets or earning cryptocurrency by playing games, there is something for everyone in this exciting new industry. As NFTs continue to evolve and become more mainstream, we can expect to see even more innovative and exciting games emerge in the coming years.