The play to earn NFT games is the recent buzzword in the gaming industry. These games are platforms that not only help you have fun but also help you earn a passive income. Entering this new blockchain gaming world is soo simple that you just have to buy gaming items from the NFT gaming marketplace. While earning passively through these games, it is important to have a little knowledge of the NFTs you own on these gaming platforms. Here is a short blog on the insights you should know about NFTs in the play to earn NFT game you play.
The gameplay and the NFTs!
You must have heard gamers protesting the inclusion of NFTs in an already existing video game they play. In looking for the reason behind this, it was revealed that the gamers think ‘that including NFTs and blockchain will compromise the gaming experience, the graphics, and the speed. ERC 1155 NFT minting standard, which is now used in Play to earn NFT games, is now making things smooth and possible. While ERC20 standards are meant for fungible tokens and ERC 721 for Non Fungible Tokens. The smooth and fast transaction can be enabled through ERC20. Since in-game items are unique, they have to use ERC720, which will indeed reduce the transaction speed, and it is not feasible when thousands of players play at the same time.
That is why ERC 1155 standard, which is an intermediate to both the above-mentioned standards, came to the rescue. This standard is now used in most of the NFT games that we play today, which is also open to adding rental standards in the future in its smart contracts.
Outlook
ERC-1155 assists in resolving a further issue related to ERC-721 and ERC-20 tokens. You cannot get your ERC-721 NFT returned after sending it to the incorrect address. With ERC-1155, though, you can return it because of a secure transfer feature. NFTs are getting updated as the P2E NFT games are growing day by day. And this will take the gaming industry to a better future.
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