Are NFTs Set to Replace Video Games?

NFT or non fungible tokens are a fairly recent phenomenon in the blockchain space They have been described as one of the most significant developments since the ERC721 standard for fungible tokens was introduced in 2017 In their purest form NFTs cannot be exchanged or traded from one owner to another and represent unique non fungible digital assets On May 15th 2019 at the ETH Buenos Aires conference DimitriosDiamantakos keynote presentation on the future of blockchain applications raised more than a few eyebrows The Ethfinex platform lead talked about how NFT s will soon replace video games as we know them today Dimitrios explained that we are currently experiencing the third wave of blockchain technology and one of the most significant applications is the ability to tokenize assets and non fungible tokens NFTs He said We now have something with real value as opposed to speculation With the rise of digital collectibles such as Cryptokitties which accounts for more than 10 of the Ethereum blockchain traffic Dimitrios is confident that non fungible assets are here to stay However NFTs are not only used to tokenize unique digital assets but also real world ones too For example one can imagine a future where gamers can generate or buy unique skins or characters that can be sold to other players for real value while the game itself remains free to play Dimitrios believes these tools could allow developers to better engage with their user base and create more dynamic forms of entertainment where gamers are rewarded for their time and input into solving real problems within games such as creating new swords or items How Gamers Can Take Advantage of NFTsThe Ethfinex lead believes that this shift in the gaming industry will be a major boon for gamers too He said If a gamer spends a lot of time and effort acquiring a rare character they should be able to sell or trade their assets with other gamers who want to use them If blockchain technol

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