Best NFT games

Maciej Zieliński

05 Dec 2021
Best NFT games

The gaming industry may be poised on the edge of its most extraordinary revolution. NFTs disrupt the way we have been thinking about digital assets and shape the new gaming economy. From Axie Infinity to NBA Top shots - we have analyzed the rapidly developing world of NFT games and distinguished six of its most successful representatives.

Table of contents:

  • NFTs - what they are
  • Blockchain game assets
  • Popular NFT gaming platforms
  • Top NFT games

What sounded unbelievable just a few years ago, is slowly becoming a mainstream reality today. Blockchain games have gained significant popularity. They revolutionize popular gaming genres by redefining the way we think about in-game assets and in-game purchases.

While more and more investors become interested in launching their own games, we try to answer what made some NFT games particularly successful. Why are there so many free NFT games among them? 

NFT tokens - what they are

NFT stands for Non Fungible Tokens. But what does it mean? Among various blockchain token types, we differentiate between fungible and non-fungible tokens. (You can read here more about token types

Examples of the first kind are Bitcoin or Ether. Fungible means that a single token is indistinguishable from others in the same ecosystem. Just like in regular currency. Thus, they can be used for payment transactions.

NFT’s non-fungibility means that every token in the system is unique. NFTs don’t have a common value and often do not allow for an equal exchange (NFT for NFT). Each token represents unique information of ownership or identity.  

In the blockchain world, NFTs are digital assets that represent a unique digital or real item. How can we use them in the game ecosystem?

NFT in games
NFT in games

NFT game - why does it make sense?

The gaming industry is a powerful branch fueled by its consumers’ passion. When gamers launch their favorite title, they immerse themselves in a new, alternative world. A quick look at the most popular games of the last decade, like League of Legends, Fortnite, or Counter-Strike, should be enough to see how modern gamers care about their characters, skins, and other in-game items. They treat them as an extension of their creative self. And what’s important, they can pay a lot for them.

The will to build a collection of unique items is nothing new. The games showed us how far beyond the real world this phenomenon could extend. But do the purchased items become their property? Do these items differ somehow from the ones possessed by others? Are they truly rare? Often the answer is not so simple. During the last few months, NFTs showed us that they might change that. 

Beginnings of NFT games 

Currently, the most popular NFT standard is ERC-721. Its first commercial use was an NFT game, CryptoKitties, which allows the players to buy, collect and sell virtual kitties. Since the game’s debut in 2017, Dapper Labbs made over 40 million USD off of it. CryptoKitties were the first game of this kind which started a whole new trend.

It seems like collectible blockchain games are the perfect environment for NFT. They allow the players to buy unique items and to keep full ownership of the purchased assets. That’s why we have seen a rapid growth of projects of such type during the last year.

Where will NFT games take us? 

NFT’s potential reaches far beyond collectible games. Let’s take, for example, multiplayer games like the aforementioned LOL or Fortnite. Possessed skins and champions are of great importance to the players. NFT allows the buyers to claim ownership over unique digital products.

What if it was implemented for rare and difficult-to-obtain game items they purchase? What if also, in these cases, the players had complete control over ownership rights they could trade with other players? The same could be applied to limited editions of character skins.

Best NFT games in the industry

Best NFT games: Axie Infinity
Best NFT games: Axie Infinity

Axie Infinity

The public heard about Axie Infinity for the first time after the spectacular sale of a digital land plot. In February 2021, user Flying Falcon bought eight genesis plots worth approximately $1.5mln. This event may be considered a milestone for the NFT market. But what is so special about Axie Infinity?

Like many titles on this list, Axie allows its players to earn cryptocurrencies just for… playing. Yes, that’s right. The new phenomenon in the gaming industry already got its name: play-to-earn, and it’s constantly gaining popularity. 

Ok, but what do we mean by “playing” in the case of Axie? Axie resembles Pokemon, but on a Blockchain. The core of the game is combat between cartoon characters - Axies. What differentiates Axies from Pokemons is the fact that they are NFTs stored on the game’s Blockchain. Essentially they are NFTs-based digital creatures.

To create new characters, players “breed” them using the game’s native token, which can be earned through the game or bought from an exchange. By selling Axies or winning fights, players earned the currencies. Then they can sell them on the open market, making a profit.

Currently, dedicated players earn as much as thousands of dollars a month playing Axie Infinity. 

Best NFT games: Gods Unchained
Best NFT games: Gods Unchained

Gods Unchained

If you are up to date with the ICOs’ world, without a doubt, you’ve heard about Immutable X. Get to know the blockchain game created by its godfathers.

Gods Unchained is a trading card game that aims to give its players complete ownership over in-game items by using NFTs. Essentially its players collect digital playing card NFTs

Their motto is, “If you can’t sell your items, you don’t own them.” Thus the game allows users to sell their cards and other items for native GODS tokens, which can be exchanged for fiat money. 

It’s worth noting that God’s Unchained remains a free-to-play game. Cards can be unlocked simply by playing the game. Therefore Gods Unchained should be considered one of the truly play-to-earn games, which stands contrary to the standard model of gaming commerce.

Best NFT games: Top Shots
Best NFT games: Top Shots

NBA Top Shots

The outcome of the cooperation between NBA and Dapper Labs company, in the simplest terms, is an internet platform for exchanging virtual trading cards. At NBA Top Shots, basketball fans can buy and sell "moments" video clips from the last seasons of the competition that exist as NFTs on the Blockchain.

This is not the first time when NFTs have been used by a professional sports league; however, it is without a doubt the biggest one. CryptoSlam estimates that up until now, the total value of all transactions between users has already reached $370 million. 

What’s important about NBA TOP Shots is that they started hype around fan engagement through NFT tokens.

 NFT gaming: Neon District
NFT gaming: Neon District

Neon District 

Neon District is a cyberpunk role-playing game that allows players to collect and trade characters and gears that are unique virtual assets. Neon District is one of the coolest NFT games right now, redefining how many players think about them. 

Thanks to NFT, almost everything can be sold there. The price is determined by supply and demand. Furthermore, during tasks, players earn the game’s native tokens - $Neon. Those earnings can be used to buy in-game items. The tokens cannot yet be traded for other digital assets on external exchanges. But knowing other examples of NFT games is just a matter of time. 

Best NFT games: Decentraland
Best NFT games: Decentraland

Decentraland

Metaverses have recently become a hot topic. If you want to know how they may interfere with the crypto world, check Decentraland - a virtual world built on Ethereum blockchain

Decentraland is an NFT game that aims to create a global network of users exploring, creating, and trading in the virtual world owned by them. So far, Decentraland is a dynamically developing project, which earned its place among the best NFT games. 

On Decentraland, users can trade sell digital land plots while interacting with the virtual world by playing games. Over time, creators added such features as digital payments or the ability to create interactive applications that will be used in virtual reality.

 NFT gaming: The Sandbox
NFT gaming: The Sandbox

The Sandbox

The Sandbox is another NFT-based game that created its own metaverse. To date, it is one of the most popular NFT games for creating and trading in-game assets.

Like Minecraft or Roblox, this NFT game is voxel-based and offers an excellent opportunity to free users’ creativity. The Sandbox provides them with tools for creating and animating NFT objects that can be used in-game or sold on designed markets. But that’s not all - on the platform, users can also develop and play their games. Since users are able to make real money on their creations, The Sandbox is another example of play to earn the game.

Top NFT games - conclusion 

Right now, NFTs is probably the fastest developing branch of the Blockchain world. Among different industries, the gaming business seems to be particularly important. Because NFTs can represent unique digital objects, they may completely change the way we think about in-game transactions and in-game objects. 

What's unique about NFT games is how often they combine free-to-play with a play-to-earn model.

Although in the current NFT craze, many solutions that emerge every day will eventually turn out to be unnecessary, the NFT gaming world will most probably stay with us for long. Well-planned and developed projects, like those listed above, are one of its reasons.

Tagi

Most viewed


Never miss a story

Stay updated about Nextrope news as it happens.

You are subscribed

The Economy of Aleph Zero (AZERO)

Karolina

22 Feb 2024
The Economy of Aleph Zero (AZERO)

The evolution of blockchain technology has brought forward numerous platforms aiming to solve various challenges in the digital world. Among these innovations, Aleph Zero stands out with its unique approach to creating an economically viable ecosystem through thoughtful tokenomics and incentives. This article delves into the economy of Aleph Zero, focusing on its native token, AZERO, to understand how it sustains growth, incentivizes participation, and ensures long-term viability.

MUST READ: "What is Aleph Zero"

Understanding AZERO Tokenomics

Key Metrics and Distribution

  • Ticker: AZERO
  • Type: Utility
  • Circulating Supply: 257,990,631
  • Total Supply: 354,678,137
  • % Staked: 71%
  • # of Wallets: 207,370
  • Inflation: 30,000,000 AZERO per year
  • Market Cap: $410,598,781

Allocation and Use Cases

  • Aleph Zero Foundation. 23% of the tokens are allocated for research, development, marketing, operations, ecosystem incentives, and other expenses.
  • Team Allocation. 10% of the tokens, with 80% locked for one year and vested over four years.
  • Funding Rounds. Details on the pre-seed, seed, Early Community round, public presale, and public sale distributions.
  • AZERO Utility. The AZERO coin powers the Aleph Zero ecosystem by being used for validator node staking, DEX swap fees, collateral for wrapped assets in Liminal, fees for asset-wrapping and bridging on Liminal, network fees, and governance voting processes.

The Role of Inflation in Aleph Zero's Ecosystem

Inflation is often viewed negatively in traditional economic contexts, associated with diminishing purchasing power and economic instability. However, in the realm of blockchain ecosystems like Aleph Zero, inflation serves as a pivotal mechanism for fostering sustainable growth, incentivizing network participation, and ensuring the long-term viability of the platform. This article explores the nuanced role of inflation within Aleph Zero's ecosystem, detailing its introduction, benefits, and governance.

Introduction of Inflation

Aleph Zero has introduced a systematic annual increase of 30 million AZERO tokens to its circulating supply, a decision rooted in the desire to sustain and nurture ecosystem growth. This inflationary mechanism is not merely a tool for increasing token supply but a strategic approach to enhancing the network's security, scalability, and development. By carefully calibrating the rate of inflation, Aleph Zero aims to balance the need for rewarding network participants with the imperative of maintaining the token's value over time.

Benefits of Inflation

The introduction of inflation within Aleph Zero's ecosystem serves multiple critical functions, each contributing to the platform's overarching goals:

  • Incentivizing Validators and Nominators. Validators and nominators play a crucial role in securing the Aleph Zero network through the proof-of-stake consensus mechanism. Inflation provides these participants with financial rewards for their efforts, encouraging continued engagement and investment in the network's health and security.
  • Funding Ecosystem Treasury. A portion of the newly minted AZERO tokens is allocated to the ecosystem treasury each year. These funds are instrumental in supporting ongoing development projects, marketing initiatives, operational expenses, and other activities that contribute to the ecosystem's growth and sustainability.
  • Supporting Long-Term Holding. By distributing inflation rewards primarily to those who stake their tokens, Aleph Zero encourages long-term holding over speculative trading. This strategy aims to reduce market volatility and foster a stable economic environment conducive to gradual growth.
https://youtu.be/y-FypMbm0BM

Inflation Mechanism and Governance

Validators and Nominators

At the heart of Aleph Zero's security and efficiency are its validators and nominators, who ensure the integrity of transactions and the network at large. Inflation directly supports these roles by compensating participants for their staked tokens and the risks associated with securing the network. This compensation not only rewards current participants but also attracts new validators and nominators, enhancing the network's decentralization and resilience.

Ecosystem Treasury

The ecosystem treasury represents a vital component of Aleph Zero's inflation strategy, receiving a dedicated portion of the annual inflation to fund various initiatives. These initiatives range from research and development to community engagement programs, all aimed at bolstering the ecosystem's health and competitiveness. The treasury's role is pivotal in allocating resources efficiently to areas that promise the most significant impact on Aleph Zero's growth and user adoption.

Decentralized Governance

A key aspect of Aleph Zero's inflationary policy is its commitment to decentralized governance. The platform envisions a future where token holders can vote on critical decisions, including adjustments to the inflation rate. This participatory approach ensures that the inflation mechanism remains responsive to the ecosystem's evolving needs, balancing the interests of various stakeholders to support the platform's long-term success.

MUST READ: "Aleph Zero vs Solana"

Regulatory Compliance and Market Presence

  • FINMA No-Action Letter: Aleph Zero’s compliance with Swiss law and the implications for its operation and token issuance.
  • Market and Wallets: Insights into Aleph Zero’s market presence, including exchanges and wallet statistics.

Key Takeaways

Conclusion

The economy of Aleph Zero showcases a thoughtful approach to creating a sustainable and growing blockchain ecosystem. Through strategic token allocation Aleph Zero is poised to contribute significantly to the blockchain landscape. As the platform evolves, its economic strategies will likely serve as a benchmark for future blockchain projects.

If you are interested in utilizing Aleph Zero, Solana or other blockchain-based solutions for your project, please reach out to contact@nextrope.com

FAQ

How is the AZERO token distribution structured?

  • The distribution is designed to support the ecosystem's growth, with allocations for stakeholders and strategic initiatives.

What role does inflation play in the Aleph Zero ecosystem?

  • Inflation is used strategically to incentivize network participation and ensure sustainability.

What is the utility of AZERO tokens within the Aleph Zero ecosystem?

  • AZERO tokens power the Aleph Zero ecosystem (validator node staking, DEX swap fees, collateral for wrapped assets in Liminal, fees for asset-wrapping and bridging on Liminal, network fees, and governance voting processes).

How does Aleph Zero handle inflation and its impact on the ecosystem?

  • Aleph Zero introduces a systematic annual increase of 30 million AZERO tokens to encourage ecosystem growth, incentivize participation, fund the ecosystem treasury, and support long-term holding by distributing inflation rewards mainly to stakers, aiming to balance growth with token value maintenance.

Aleph Zero vs Solana: A Comparative Analysis

Karolina

22 Feb 2024
Aleph Zero vs Solana: A Comparative Analysis

Blockchain ensures unparalleled security, transparency, and efficiency across various sectors. Within this innovative landscape, Aleph Zero and Solana have carved their niches, emerging as leading blockchain platforms. This article delves into a comparative analysis 'Aleph Zero vs Solana', aiming to illuminate their distinct features, technological advancements, and potential applications.

Understanding the Basics

Aleph Zero

ALEPH ZERO WHITEPAPER

  • Brief History and Development: Originating from a vision to enhance privacy and scalability in blockchain, Aleph Zero quickly ascended as a notable contender. Its development team focused on creating a platform that merges traditional blockchain benefits with advanced privacy features.
  • Core Technology and Consensus Mechanism: At its core, Aleph Zero utilizes a Directed Acyclic Graph (DAG) combined with a unique consensus algorithm. This innovative approach not only ensures transactions are processed swiftly but also maintains high security and privacy standards.

Solana

SOLANA WHITEPAPER

  • Brief History and Development: Solana was born from the ambition to solve the blockchain trilemma: achieving scalability, security, and decentralization without compromise. Its rapid growth is attributed to its ability to cater to high-demand applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs).
  • Core Technology and Consensus Mechanism: Solana introduces the Proof of History (PoH) consensus mechanism, a groundbreaking innovation that allows for timestamping transactions in a sequential manner. This, combined with its underlying blockchain structure, enables Solana to process transactions at lightning speeds, setting new standards for efficiency in the blockchain domain.

The journeys of Aleph Zero and Solana, though distinct, converge on a shared goal: to redefine the capabilities of blockchain technology. Through their innovative approaches to consensus mechanisms and core technologies, both platforms offer unique solutions to the challenges facing traditional and digital markets today. Their contributions to the blockchain landscape not only highlight their individual strengths but also underscore the diverse potential of blockchain technology as a whole.

MUST READ: "What is Aleph Zero - Key Features"

Key Features Comparison - Aleph Zero vs Solana

Scalability

  • Aleph Zero: Tackles scalability through its DAG-based consensus, allowing parallel transactions that increase scalability.
  • Solana: Achieves high scalability with its PoH consensus, efficiently handling thousands of transactions per second (TPS).

Transaction Speed and Throughput

  • Aleph Zero: Boasts fast transaction speeds due to its lightweight consensus mechanism, aiming for efficiency without sacrificing security.
  • Solana: Known for its exceptional speed, Solana processes up to 65,000 TPS, setting a benchmark in blockchain throughput.

Fees

  • Aleph Zero: Offers low transaction fees, making it attractive for both high-volume transactions and micro-transactions.
  • Solana: Despite its high throughput, Solana maintains competitively low fees, further enhancing its appeal for developers and users alike.

Smart Contracts and DApp Development

  • Aleph Zero: Supports smart contracts and DApp development, focusing on privacy and scalability within its ecosystem.
  • Solana: Provides robust support for DApps and smart contracts, powered by its high-speed blockchain, ideal for complex applications.
Aleph Zero vs Solana

Use Cases - Aleph Zero vs Solana

Aleph Zero

  • Best Suited For: Privacy-focused applications, financial services requiring high security, and scalable enterprise solutions.

Solana

  • Shines In: High-frequency trading platforms, decentralized finance (DeFi) applications, and NFT marketplaces demanding fast transactions.

Performance Analysis

Network Speed and Efficiency

  • Aleph Zero: Demonstrates efficiency with its innovative consensus, ensuring quick and secure transactions.
  • Solana: Outpaces many with its network speed, attributed to the PoH mechanism, ensuring both rapid and consistent transaction processing.

Scalability Solutions

  • Aleph Zero: Continuously explores advancements in DAG technology to enhance its scalability solutions.
  • Solana: Plans to further optimize its infrastructure, ensuring it remains scalable amidst growing demand.

Security Aspects

Consensus Mechanisms

  • Aleph Zero: Its unique consensus mechanism prioritizes security, aiming to prevent attacks while maintaining speed.
  • Solana: Solana's PoH consensus is designed with security in mind, preventing double-spending and ensuring transaction integrity.

Known Vulnerabilities and Responses

  • Aleph Zero: Responds to vulnerabilities with timely updates, emphasizing its commitment to security and privacy.
  • Solana: Has faced challenges, including network congestions and DDoS attacks, but has responded with enhancements to its network resilience.

Through this comparative analysis, it becomes evident that Aleph Zero and Solana each bring distinctive strengths to the blockchain arena. Their approaches to scalability, transaction speed, fees, and smart contract capabilities cater to different needs within the blockchain ecosystem. Moreover, their targeted use cases and ongoing efforts to enhance performance and security underscore the dynamic and evolving nature of blockchain technology.

Conclusion

In conclusion, the comparative analysis between Aleph Zero vs Solana reveals two highly innovative and efficient blockchain platforms, each with its unique strengths. Aleph Zero focuses on privacy and scalability, making it ideal for applications requiring robust security measures. Solana, on the other hand, excels in transaction speed and throughput, positioning it as a top choice for high-frequency trading and DeFi applications.

If you are interested in utilizing Aleph Zero, Solana or other blockchain-based solutions for your project, please reach out to contact@nextrope.com

FAQ

What are the main differences between Aleph Zero and Solana's consensus mechanisms?

  • Aleph Zero uses a Directed Acyclic Graph (DAG) combined with a unique consensus algorithm for high security and privacy, while Solana employs Proof of History (PoH) for high-speed transaction processing.

How do Aleph Zero and Solana compare in terms of transaction speed and scalability?

  • Aleph Zero focuses on scalability with its DAG-based consensus allowing parallel transactions, while Solana is known for its exceptional speed, processing up to 65,000 transactions per second.

What are the targeted use cases for Aleph Zero and Solana?

  • Aleph Zero is best suited for privacy-focused applications and scalable enterprise solutions, whereas Solana excels in high-frequency trading platforms, decentralized finance (DeFi) applications, and NFT marketplaces.

How does the developer community size and support compare between Aleph Zero and Solana?

  • Readers might be curious about the size of the developer community, availability of development tools, and the level of support provided to developers in both ecosystems.

What are the environmental impacts of Aleph Zero vs. Solana?

  • Given increasing concerns about sustainability, potential users may question the energy consumption and environmental footprint of both blockchain platforms.