Blockchain gaming

The gaming industry keeps growing yearly, the fact that gamers can now play to earn makes it very enticing and lucrative if played well. Gaming projects build enticing games and rely on players to interact, pay to play mostly and then reward the best of them. This has been the trend, but there are few flaws to that as glitches happen and gamers lose records of their winnings/rewards. Since it is built on a centralized system, this can happen either intentionally or not.

Money is what most people think of whenever they come across Blockchain, they talk mostly about cryptocurrencies (BTC and the altcoins) mostly ignoring the underlying technology. One of the most important features of the blockchain is the fact that it is immutable. This means it is almost near impossible to change or tweak what is recorded on it.

This feature of the blockchain is one of the reasons why games are built on the blockchain and why there is the creation of game NFTs. NFTs are Non-fungible Tokens and they are meant to be unique, it can not be faked either. These NFTs can be kept and sent to a wallet address or sold at the owner's discretion. These NFTs remain in gamers possession, and can also serve as a proof if won in a game.

Gamers are now getting to see the opportunities of interacting with games built on the blockchain, as their progress can not be deleted and their winnings stay on record. NFTs bought or won also remain theirs, this is real decentralization.

Traders are also not missing out on this, they check for solid game projects with active players. It is realistic that projects with many players means more NFTs will be minted and their token will have liquidity, this fundamental analysis is part of the major things that brings value to a game token.

OKEx, a world leading cryptocurrency exchange, is very much into NFT especially. It has listed $ENJ and $SAND which are in-game tokens.

About OKEx
A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks.

We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

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