The effects of non-fungible tokens can be seen all over the digital world, such as in games and apps. NFTs are talked about all over the place. Among these, the gaming sector has dominated the news for the past few months, and NFT trading cards are on the rise.
A few months ago, Horizon, a company that makes blockchain games, released Skyweaver, a platform for trading NFT trading cards called Skyweaver Cards. The website has been making headlines because of its massive $ 13 million revenue. This is a great example and motivator for business owners who want to establish their name in the NFT gaming sector.
Trading card games and NFTs are a great match but why.
Because digital assets that cannot be reproduced or destroyed are known as non-fungible tokens, the characteristics of a digital asset make it an ideal concept for inclusion in a gaming platform. In-game purchases can be substituted with a non-fungible token representation of such assets. These in-game purchases can be converted into NFTs and traded in NFT marketplace platforms like OpenSea, Rarible, Atomic Market, etc.
Since the NFT games were turned into the notion of play to earn, these creative platform implementations have boosted the number of players playing the games. Gamers can profit by participating in NFT games to trade assets on an NFT marketplace.
The NFT trading card game is the most popular NFT game variation. NFTs represent the trade cards displayed on the game platform. Gods Unchained, Sorare, and Skyweaver are three of the most popular NFT card game platforms.
Uncertain Future of NFT Trading Cards
The trading card community is experiencing unprecedented growth, which hasn’t been seen since the introduction of Pokemon cards. Suddenly, new collectors are vying for rare and high-value cards in the hopes of profiting from this pastime as an investment.
The rise of NFTs is part of this (non-fungible tokens). NFTs are sweeping the collectibles market, attracting both amateurs and investors. Everything is being purchased and sold, from art to tweets. Digital trading cards are one of the most popular trends in NFT collecting. There are some headwinds, and the first lawsuit arguing that NFT cards are unregistered securities was just filed, but on the whole, this trend appears to be here to stay.
Collecting digital trading cards
The stuffing binders days with sleeve after sleeve of your precious cards aren’t quite over, but they are changing. People are resorting to digital trading cards. A blockchain, most typically Ethereum, is use to construct an NFT card.
However, these cards are less tactile, and they nonetheless have unambiguous ownership. If the owner doesn’t have a physical card, their NFT serves as a deed to that card. They have unique data that cannot be replicate or stolen, ensuring the safety of their assets.
Investment in Digital Collectibles
It’s a great approach to keep things interesting by incorporating your hobbies into your financial strategy. It also guarantees that you have the necessary information and experience to make well-informed decisions. It sounds like a winning formula! It’s no surprise that digital trading cards are becoming increasingly popular as a kind of alternative investment.
Why are some card collectors worried?
There is always some pushback when a community undergoes a dramatic transformation. Some ardent collectors are concerned that NFTs may harm their collections and the trading card community. We look at some of these issues and explain why NFT cards aren’t a problem but a solution.
Access
Because NFTs are based on the blockchain, most transactions occur on the Ethereum network. Some collectors are concerned that this may restrict purchasing digital trading cards.
To buy NFTs or use bitcoin, you don’t need to be a computer wizard. Platforms like Coinbase take care of everything for you, allowing anyone to buy, sell, manage, and store NFTs with only a few clicks. Accessing digital trading cards is simple if you have an internet connection and a computer (or even a smartphone).
Collectors can participate in the digital trading card explosion even if they do not use cryptocurrencies. Users can buy equity interests in trading cards and other collectibles on platforms like Collectable. You effectively hold “shares” of a card this way. It’s a fantastic way to diversify your portfolio and invest in expensive cards.
How are the values of NFT trading cards rising?
Non-fungible tokens are use to represent these trade cards. These cards are ideal for non-fungible tokens because they fulfill practically all of the essential characteristics of non-fungible tokens. It represents every virtue of an NFT, from originality to scarcity, allowing players to be drawn to this type of game(NFT).
A digital trading card game has cards divide into three categories based on their rarity: epic, legendary, and regular. Due to their scarcity, these cards are buy, sell, and trad within the game or in a separate NFT marketplace. The rarity of these card-based NFTs is use to determine their worth. This innovative selling of in-game assets has energized gamers to play the game more, increasing the trading card game’s market value.
The most popular NFT games of 2021
Splinterlands
This is a trading card game with a fantasy theme. It is based on HIVE, a blockchain technology. It’s a fascinating and inventive game that perfectly embodies the tagline “play to earn.”
Axie Infinity
Axie Infinity is a free-to-play open-world game based on the Pokemon franchise. Axies are the monsters that appear in the game. NFTs are use to represent these axes. The Ethereum blockchain is use to power this game.
Unchained Gods
The most popular NFT card game is this one. It has been at the top of the gaming world for most of its existence. The Ethereum blockchain is useto power this game. The shortage of trade cards is the game’s main theme.
The Dragons of the Six
To create the NFT game Enjin platform was use in The Six Dragons. The in-game treasures in this game are based on the ERC-1155 token standard.
Decentraland
This make headlines since its launch on the market as a virtual real-estate-based NFT game. Non-fungible tokens are use for representing in-game assets such as virtual lands.
To conclude
Non-fungible tokens will be the foundation of the future of digital gaming. The secret to their swift rise to prominence in the digital space is their innovative approach to allowing players to profit from their passion. As a result, the future of digital gaming is in the hands of NFT and cryptocurrency.
