Crypto downturn makes NFT artists get creative
After the fiasco of loot boxes and expensive micro-transactions gamers are hesitant to embrace market forces in games, as it could lead to more expensive experiences. Or it could lead to a levelling playing field and greater access for gamers to make or invest in games. The unique identity and ownership of an NFT is verifiable via the blockchain ledger. The next step towards a single, persistent metaverse will likely make use of NFTs' interoperability, enabling users to move virtual items between different metaverse platforms. For gaming, non-fungible tokens could be used to represent in-game items like skins, potentially allowing them to be ported to new games or traded with other players. A "fungible" token, by contrast, is one that is replaceable with another one identical to it. Ether is the fungible token that trades on the Ethereum network, meaning one Ether is identical to another. One Bitcoin can be exchanged for another Bitcoin because they have the same value