Gaming and winning amazing rewards is what makes the gaming world attractive to most Canadians. The desire to keep winning makes them apply the gaming strategies to win more. The moment they immerse themselves in their favourite games; they begin to feel satisfied. The big question is, do gamblers own anything in the gambling arena if not the rewards they get and their stakes?
Talk of investment, only the common investors are putting their money in the gambling industry. But the reality is that not all Canadian gamblers have the potential of investing and owning assets in the industry. Fortunately, the story is slowly changing, and things are becoming better.
The advent of blockchain technology and cryptocurrency opens up loads of possibilities in the gambling arena. We linked up with Lucas Goldberg (check profile) to enlighten you about NFT and gambling.
What does NFT mean?
If you hear the concept for the first time, you will think NFT is a complicated concept because of the abbreviations, but it refers to Non Fungible Tokens. To understand better, you need to know the difference between Fungible and non-fungible items.
Fungible items refer to those whose substitute exists in the same category. Another item can substitute them in the same category. A better instance is when you have a certain amount of bill that you want to exchange. To be specific, if you have a $1000 bill that you wish to exchange with another $1000, you will comfortably do it without losing or changing anything.
Why fungible items?
The best aspect about the fungible items is that there is nothing different that you will find in the other. Examples of tokens in the Fungible category include Bitcoins, Ether and Litecoin. They work similarly to the normal currencies. For instance, you can exchange a certain amount of dollars for another and undergo no loss or gain in the process. They are similar in value.
What are non-fungible items? They are items that cannot be exchanged for others. An excellent example of a fungible item is your farm plantation. If you have one, the chances you will exchange it with your friends or neighbours aren’t possible.
They will have a great margin in price and general value. In the world of cryptocurrency and blockchain, non-fungible assets are perfect examples of crypto assets. They are helpful in various ways.
How do NFTs apply to the gaming industry?
It’s important to note that NFTs are the new order in the Canadian online casinos. They have added value to the gaming sector and the Canadian players. There are also NFT gaming coins that make access to gaming services convenient and attractive.
The players can currently own gaming assets through it and can confidently show it off. The players also have complete control of their NFTs, thus making the system have full merit. Without control, everything in the system becomes valueless.
What are the most popular NFT games today
Sorare
If you love playing football, playing this fantasy football game will be an unforgettable experience for you. You will not only derive fun from it but also earn rewards by playing it perfectly. If by now you haven’t had about Sorare, it’s worth knowing that it’s one of the top games in the market today.
It offers the lovers of a football game a thrilling experience. When playing, you will have the privilege of utilizing the digital cards to win the rewards. Common and Tokenized are the common types of cards that will allow you to compete. Tokenized cards are rare, while the common cards are given to you to play. Tokenized cards are useful when competing with other users in other premium leagues.
CryptoKitties
Crypokitties is a common name in the gaming arena. It’s among the top NFT games today that no gaming enthusiasts in Canada would wish to miss. It’s an ethereum based game that involves breeding digital cats.
There are also rewarding adventures, such as creating collections and cracking puzzles. Looking at the tremendous progress crypto kitties have made in NFT gaming, its no doubt that they are slowing down soon. It records more than 800k users weekly and transactions whose worth amounts to $30k.
If you had doubts about NFT in gaming, we are confident that the above information has informed you. Also, considering the endless progress made by the industry, the future of NFT remains undeniably bright.