NFT Games India: Revolutionising the World of Gaming – Telegraph India

The blockchain has become one of the world’s fastest-growing phenomena. Originally, it was solely used as the technology behind cryptocurrencies like Bitcoin and Ethereum. Today, the blockchain has come a long way and is being put into many other uses like smart contracts and NFT games. NFT games in India have quickly gained widespread adoption in the gaming industry and showing no signs of slowing down.

Before we dive into the world of NFT gaming, let’s first understand what is an NFT? NFT stands for “Non-Fungible Token”. It is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. These NFTs are unique and irreplicable which indicates a sense of value and digital scarcity, and can be traded freely between owners on the blockchain. 

What’s so special about NFT games?

Unlike traditional games, blockchain games use NFTs to represent in-game items and collectibles that extend to outside of the game’s universe. This means that multiple games can partner up and create a shared progress experience across their platforms. It also means, if a player chooses to quit the game, he or she can sell the in-game NFTs that they earned in exchange for cryptocurrency. This reason alone provides rationale for why NFT games in India are becoming increasingly appealing. 

Further to this is the simple yet lucrative term Play-to-Earn or P2E. NFT games in India give players the chance to generate income through playing. The more the player plays, the more they are rewarded with in-game tokens which can then be exchanged for the local currency or on traded for other cryptocurrency.

Axie Infinity has become one of the most well-known P2E games. The Axie Infinity NFT game became particularly popular in the Philippines, where many users started to live off its play-to-earn model. Players are making between US$200 to US$1000 per month, and some even more than that depending on the market price and time invested. Because of this, Axie Infinity is now deepening its adoption in other emerging market as one the most popular NFT games in India.

How to Get Started?

Getting started in NFT games in India is relatively simple. Games like Axie Infinity do require investment in NFTs or digital assets to start playing however this barrier to entry can be removed by gaining a scholarship with a gaming guild such as Crypto Gaming United. These guilds provide gamers the assets that are required to start playing in exchange for a share of the in-game currency earned from the game.

This provides a great opportunity for all people to access NFT games in India and all over the world. Furthermore, increasing knowledge on NFTs brings greater understanding of blockchains and how they work, paving the way for wider crypto adoption and deeper recognition of the benefits that come with it.