How will NFTs & Engines of Fury change the gaming industry?
In 2022, we are witnessing a major shift in the popular discourse around crypto when NFTs made it to late-night TV.
However, judging by the sounds of the crowd when Jimmy Fallon revealed his $200K NFT, most people have no idea what the hell is going on.
The same thing can also be said about NFTs in the gaming industry.
While a lot of gamers and industry heads are aware that NFTs do exist and that play-and-earn is a thing, they often brush off digital assets as a gimmick or another form of predatory microtransactions.
This couldn’t be further from the truth, and by the end, you’ll see why getting into NFT gaming, and especially Engines of Fury is more than worth your while.
Before we move further:
what the hell are NFTs, you might wonder?
NFTs or non-fungible tokens are units of data stored on the blockchain that are unique and can’t be interchanged — the reason why they are called non-fungible.
In contrast, other digital assets such as Ethereum (ETH) are considered fungible tokens because they can be traded for equivalence.
What does that mean?
For example, if you had 100 ETH (congrats on being wealthy, btw) you could exchange them for another 100 ETH tokens without losing any value in the process. With NFTs, however, you can’t exchange one for the other because every NFT in existence is unique.
NFTs usually represent artwork, music, videos, and other digital files but can also represent real-life objects such as real estate. Just like real-life artwork, for example, you might see an image of a painting online, print it out and hang it in your office, but you still don’t own it until you pay someone.
In the context of gaming, NFTs can be valuable & tradable digital assets. Engines of Fury, for instance, has two distinct kinds of NFTs:
Your in-game characters & changeable NFTs, meaning players increase champion’s value as they play & level up.
- Offense & defence items.
These NFTs serve a gameplay purpose by giving the champions new abilities but they are also valuable digital assets that players can buy in the marketplace, forge (mint) from NFT recipes won in the fights, trade or event melt it down into $FURY (game currency)!
NFTs & video games are a match made in heaven. They can be used to represent all in-game items such as characters, weapons, armor, etc. This means in-game assets you acquire have real-world value as they exist on the blockchain.
Players can then trade the items they earned in-game in the real world.
NFTs are quickly picking up steam and are one of the major drivers of crypto growth in countries such as Venezuela.
Apart from major brands like Coca-Cola, Gucci, Hot-Wheels, and Pizza Hut getting into the NFT market, investing in NFTs is becoming a consideration for the giants in the gaming industry as well.
As a last-ditch effort to stay relevant, GameStop is launching its own NFT marketplace and is even creating a fund for game developers that switch to using their marketplace.
At the same time, we finally have mainstream publishers of the gaming industry such as Ubisoft recognizing the value of NFTs. The company has announced that they will introduce NFTs in their next Ghost Recon game, and the feelings over this development are quite mixed.
On one hand, a big-time player such as Ubisoft getting into the market is a great indication that other publishers might follow suit.
On the other, there are a lot of concerns from the mainstream gaming public. It’s Ubisoft, after all (we had our money on EA getting into the market first). The most common criticism is that this is just another form of microtransactions made to squeeze out more money from the players.
While game developers will without a doubt benefit from NFTs, gamers still take the cake when it comes to enjoying benefits.
Benefits for the gaming community
With play-and-earn (a gaming model built around NFT fueled in-game economies), everyone wins. Developers get another source of revenue from transaction fees while gamers get full control over in-game assets.
In traditional games, you can only use the items in the game itself, thus making them essentially worthless outside of the game’s ecosystem. Additionally, if you bought items such as skins and a game shut down in a few years, you just lost money.
With NFTs, you own everything and it has value outside the game itself.
Let’s also not ignore that all of the assets earned in-game can be converted into fiat, which is another incentive for people to get involved and switch to playing play-and-earn games. In fact, people in developing countries are quitting their jobs to focus on playing these games to earn a living.
In Engines of Fury, a visually impressive wager-based arena battler, you have even more options regarding NFTs. For instance, you’re not limited to buying NFTs strictly in the marketplace, you can also FORGE (craft your own) NFTs using recipes and items acquired as rewards during gameplay.
On the other hand, if earning cash is one of your primary goals and you can’t wait for some of your NFTs to sell on the marketplace, you can simply MELT IT (destroy the NFT) and exchange it for our token $FURY.
As developers behind Engines of Fury, we plan on tapping into the same market. We want to give control of the game to our community and create a platform where they can have fun and increase their financial prospects.
Because we believe in decentralization, we hope our game will organically grow with the input from the players themselves and that we, the developers, will only provide the means to acquire valuable assets through gameplay.
You can invest too
Hopefully, NFTs are a bit easier to grasp now and you can recognize the amazing investment opportunity that NFTs bring to regular gamers.
Because NFTs are just that — investment opportunities.
Unfortunately, there is an actual barrier of entry into the world of NFTs, and that’s the excessive price.
You could wait around for the market to crash, or you can just start investing now by playing play-to-earn games and acquiring valuable digital assets a lot sooner and a lot easier than expected.
You only need to find a game that stands out, and once you do, you’ll be able to embark on a wonderful journey that is crypto without breaking the bank.
About Engines of Fury
Engines of Fury is a play-to-earn wager-based PVE/PVP arena battler set in a stunning 3D retro-futuristic world built on the blockchain Metaverse & powered by $FURY. The game allows players to engage in action-packed duels & tournaments where they can win $FURY, forge NFTs, and earn profits.