Updated: Apr 20, 2022 06:40:05 PM IST. This NFT is stored on a blockchain and is associated with the player's digital wallet address. AXS can be staked, and with over $1. Most of the time, game NFTs are sold as a set, and. SAN FRANCISCO — For years, Christian Lantz has played S. Crypto exchange FTX is launching a new team focused on driving cryptocurrency and non-fungible token (or NFT) adoption in the. Your complete transaction history will be pulled directly from the blockchain, including any NFT. An NFT is a digital asset created using blockchain technology. Reimagine gaming assets. Searching for the best web3 companies to invest in? Here is the list of top web3 companies in 2024. The World's First 3D & AR NFT Multichain Platform and Video GameTamadoge – Best Tamagotchi-Influenced NFT Game of This Year. Illustration by Alex Castro / The Verge. The same report says the number of new digital wallets created for blockchain games rose 2,453% in the first nine months of this year. Depending on the game, these can be purely cosmetic or fulfill a use or purpose in-game. You don't care which specific dollar bill (or ETH) you have in. This is important because most NFT games use smart contracts (which create the NFTs) alongside a traditional game server (to run core gameplay) due to blockchain scalability limitations. OK, I know NFT stands for nonfungible token. There’s a saying in the world of digital assets: “not your keys, not your money”, and the question of custody is twice as. NFT adoption statistics in the US. R. If you have a notch to creativity, you can monetize all your creations by selling them as NFT. Maticz is one of the top NFT game development companies known for its deep expertise in gaming and blockchain technology. Offer courses, webinars, or workshops about NFTs. TaxiGaming Team is finishing the spadework to launch a sensational Taxi NFT game🚕🚕 The game is about thrilling invasions and retreats among taxis and cities⚔️ Inviting all to join the exciting journey. As a result of playing this game, players can earn AXS tokens that can later be used as part of the platform’s governance. Additionally, users can access NFT game using web browsers like decentralized applications (dApps). Recent statistics from statista. Best NFT Gaming Platform #1: Axie Infinity. com reveal that the value of the game market. At any given time, an NFT can only have one owner. An enduring classic, Pac-Man remains one of the most recognizable video games of all time. This groundbreaking fusion. Business, Economics, and Finance. NFT: Win a Bored Ape Yacht Club NFT. Every game is based on collecting some assets within the game’s ecosystem. Non-Fungible tokens, or NFTs, expand upon the concept of non-fungibility by leveraging blockchain networks like Ethereum to represent unique physical and/or digital assets. NFT gaming development is a sort of cryptocurrency asset that is non-fungible and cannot be replicated. This sounds serious and professional; although, in reality, it is just a small. What's Axie Infinity? Axie Infinity is a virtual world filled with cute, formidable creatures known as Axies. Each NFT may represent an item, character, or another collectible in the game. The type and scale of collectible content vary by game and type, and it’s mostly down to the players to decide which world fits them the best. Let’s break. 5. 17 New! Develop. But it turns out the play-to-earn model also has the incredibly inconvenient side effect of turning even minor actions taken in a video game into taxable events. Feb 21, 2022, 10:08 AM PST. Find the latest The NFT Gaming Company, Inc. Build NFT games. 9bn in the third quarter of 2021, according to NonFungible, a data platform — up more than six-fold from the $782m between March and June. 1. 78 billion by 2028, at a CAGR of 14. Arguably one of the most well-received and successful NFT games, Gods Unchained was founded by tech siblings Robert and Jamie Ferguson. Search. A. If you purchased the NFT less than one year ago, your proceeds from the sale will be taxed at your federal income tax rate. When synchronized with gaming, blockchain technology leads to a fundamental change in the nature of virtual worlds. 00 % DeGods--+9. Money is fungible, meaning it can be substituted for another identical item; one $5 bill is. 1 NFT collection, with sales and resales of more than $4 billion in more than 15 million transactions. NFT ownership is validated and tracked from inception using a public blockchain, allowing users to verify the provenance of any NFT all the way back to its origin. The advantages of what are NFT games extend beyond players to creators. T. 5. Also, you didn’t let me finish earlier. The first quarter of 2021 saw the advent of an upgrade in crypto gaming in the form of NFT games, which have made the shift from Play to Earn games to collectible games based on the Pay to Earn principle, as rare NFTs often fetch astronomical prices on the market. A. There are endless possibilities for how NFTs can be used in the gaming world to allow for the ownership and transferability of digital assets. Binance, one of the largest cryptocurrency exchanges, added an NFT marketplace in 2021. It's basically a unique digital identifier recorded in a blockchain. In economics, “fungible” is a term used for things that can be exchanged. You don't care which specific dollar bill (or ETH) you have in your. Venture Beat. Illuvium. This is different from tokens such as ETH or other Ethereum based tokens like USDC where every token is identical and has the same properties ('fungible'). The developers want to integrate play-to-earn mechanics into Habbo and Hotel Hideaway, so we can expects more utility for the early Habbo Avatar supporters in 2022. BlueApp Software is a Software Company that offers 3D transformation services & software solution. For instance, when you complete specific gaming tasks, such as winning a game or proceeding to the next level, you can earn rewards in the form of in-game tokens or assets. Pikamoon – Overall Best P2E NFT Game Offering Exciting Gameplay on the Metaverse. Players might adjust and adapt voxel objects in. stock news by MarketWatch. These digital assets are one-of-a-kind and are secured on the blockchain, providing proof of their authenticity and origin. Also, NFT assets have a significantly higher price than traditional in-game items, not to mention that you can sell NFTs to gamers inside and outside a game. When players obtain an NFT, they are given a unique digital item representing a specific item or element within a game. R. Fashion. Generally, developers create NFT games using smart contracts, a unique contract designed. "NFT floor price is the lowest price an individual is willing to sell an NFT for. As the digital landscape continues to evolve, React. View real-time stock prices and stock quotes for a full financial overview. Polygon. The IRS typically taxes NFTs like property, with corresponding short- and long-term capital gains rules. Non-fungible tokens (NFTs) are designed to be i) cryptographically verifiable, ii) unique or scarce and iii) easily transferable. Choosing Maticz for NFT game development can be an excellent decision. Search. Teach through courses or webinars about the NFT space. , as NFTs. NFT or Nonfungible Token are the long runners that enable the seller and buyers to trade the arts, music, video, Memes, Gifs, Movies, intellectual Property, and much more. NFT ( Non-Fungible Token — a blockchain asset) text in a torn dollar bill. A non-fungible token is a digital identifier recorded in the blockchain. For instance, two games built on the Ethereum network can feasibly support the. Found. Other Popular NFT Games. Sports. Better Home & Finance Holding Company Class A Common Stock. See new Tweets. Fortress Trust is a tech company on a mission to unlock the benefits of blockchain for every business, industry, and creator. 14, 2023 (GLOBE NEWSWIRE) -- The NFT Gaming Company, Inc. In this article, we discuss the top 10 use cases of NFTs in 2023 in: Supply chain management. On March 21, 2023, the IRS declared it plans to tax some NFTs as collectibles like art or gems, using a “look-through analysis” to determine if an NFT is a collectible. The game was inspired by Pokémon fantasy world and built on the Ethereum blockchain. You can charge for entry or earn by promoting and selling showcased art. . Then, there are pure NFT marketplace-centered. 2 subscribers in the TaxiGaming community. By enabling the simple creation and distribution of NFTs through a dedicated storefront or across selected marketplaces, the platform unlocks new opportunities for driving customer engagement, monetisation and loyalty. Conversation It is by far the No. STAKE MARKETPLACE MY ASSETS GOVERNANCE. Thetan Arena. PLATFORM. Polygon has also set up a $100M fund to focus on gaming projects so that developers can fuse their Web 2. 39. The top 10 ways NFT tokens are transforming the gaming industry are creating new revenue streams. Swap, Stake, NFT. 1. Research the company – Look for a NFT gaming company that has a strong team with experience in both gaming and blockchain technology. Create gaming NFTs that are freely tradable, truly owned by gamers, and transferable between games. Multisig. They are bought and sold online, frequently with cryptocurrency, and they are generally. This NFT game is completely based on Nintendo’s classic Pokemon franchise allowing players to interact via virtual pets while raining then characters and digital assets and completing daily quests. Pixels is building a platform where users can build games that natively integrate digital collectibles. NFTs in video games were a. The non-fungibility of NFTs defines them as digital assets that represent ownership of one-of-a-kind items such as artwork, video game items, trading cards, virtual real estate, and other digital goods. 69 million shares (1,686,747 shares) at $4. NFT games Blockchain helps make digital deals more clear and shows how rare NFT is, which makes it more valuable. Volume. Specifically, each Axie is an NFT with market values ranging. In economics, “fungible” is a term used for things that can be exchanged. March 16, 2021. ConversationTaxiGaming - Play to Earn Land NFT. New Trends for 2023. TaxiGaming - Play to Earn Land NFT. If you purchased your NFT more than one year ago, you’ll be taxed at the long-term capital gain’s. Alpine Race Collectibles--+11. In this manner, the publisher benefits financially from each sale of an NFT. 2. 3% and is now trading at $0. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. 10. Play-to-earn (also abbreviated as P2E) is a gaming model that allows players of a specific game to earn cryptocurrencies or crypto NFTs while they’re playing that game. 69 % 6. Gaming NFTs give players ownership of specific in-game items by allowing them to hold and manage the NFTs on a blockchain. 2 subscribers in the TaxiGaming community. Published Jan. Nested NFTs and Multi layered NFTs. You may receive unsolicited NFT airdrops that appear to be vouchers, promising free money if redeemed on a third-party website. Smaller projects may cost around $30,000 to $50,000 to develop, while larger custom NFT based game projects cost starts from $1,00,000. Polka City Is A New Fully Autonomous Contract Based NFT Platform That Allows You To Invest In Virtual Assets In The Form Of A Virtual City. The platform. 32 billion in revenue in the third quarter, according to data compiled in the annual report by the Blockchain Game Alliance. Search. Phantasma Smart NFTs unlock near limitless possibilities for Artists and Developers at a minimal cost. TaxiGaming Team is finishing the spadework to launch a sensational Taxi NFT game🚕🚕 The game is about…2 subscribers in the TaxiGaming community. (NFTG) stock quote, history, news and other vital information to help you with your stock trading and investing. Axie Infinity — Pokemon-like P2E game with collectible monsters that can duel. NFT games use non-fungible tokens to provide the foundation for how players interact, the rules, and how players move in the game. TaxiGaming Team is finishing the spadework to launch a sensational Taxi NFT game🚕🚕 The game is about…Naming one particular piece of NFT artwork in order to sell it cost Gannett an additional $86, and publishing four NFT images for sale ended up costing a total of $1,300. Build around existing IP. NFT Gaming's stock was trading at $4. The world of gaming has always been a hotbed for innovation and technological advancements. 7. Collectibles are taxed at a higher long-term capital gains rate of 28%. They have surged in popularity in recent months as they provide a way for creators to sell their. TaxiGaming Team is finishing the spadework to launch a sensational Taxi NFT game🚕🚕 The game is about…Ironically, Illuvium’s tagline sums up much of the NFT crypto games; fight for ETH. Okay, what's an NFT again? NFTs, or non-fungible tokens, are meant to be one-of-a-kind digital goods. For example, if the price of a coin/NFT is experiencing a spike, we can say that the asset is ‘mooning’ or ‘going to the moon’. 4. Gods Unchained — Digital trading card game with P2E elements. Teva Core, the first-ever multiplayer game framework, is smart and modular for gaming studios. In March, an NFT of a collage by the digital artist known as Beeple sold for $69 million at Christie’s, positioning him “among the top three most valuable living artists,” according to the auction house. They can share NFTs on social media. To secure your NFT, create strong passwords and enable two-factor authentication on your. Meme Kombat is a brand-new P2E gaming NFT that blends the appeal of exciting combat arenas with the world of memes. Bitcoin Punk Ordinal NFT (BTC)--+6. 7. Binance NFT offers the typical digital assets found on other major platforms: artwork, gaming items. . Until October, the most Mike Winkelmann — the digital artist known as Beeple — had ever sold a print for was $100. — NFT gaming assets are tied to your address on the blockchain, not the game – they are owned by you, independently. How did things change so much, so quickly? As we’ve seen in the response to the announcement of NFTs for S. Players need to purchase a pack of cards for starting the game and reveal the purchased cards in the game. Our #1 pick for the best NFT game right now is Pikamoon. Verify your NFT contract and build your custom gaming NFT storeWith this possibility, a multi-tiered income-generation technique ideal for yield farmers can be implemented. As the crypto landscape has evolved to include more and more blockchains, most projects now have some degree of cross-chain focus on their roadmap — whether that be simply maintaining a token on multiple chains, or under assumption that. The lush environments and good graphics make it look far better than most NFT games out there, and NFT games. for #NFTCommunity To Win: one Like & RT two Follow . Non-fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream. Trending Insights > Latest Insights. We are NFTG, a pioneering NFT Gaming Company that is shaping the future of the industry with a strong commitment to openness, fairness, and most. 0. Although these three letters changed the concept of digital ownership for many, they continue to cause confusion and frustration for others. In a matter of months, NFT gaming became a multibillion-dollar industry by combining two things people already loved: video games and getting rich from crypto. Crypto exchange FTX is launching a new team focused on driving cryptocurrency and non-fungible token (or NFT) adoption in the. So here’s what you need to do to start your NFT trades: Get a crypto wallet: A crypto wallet is where you would store the non-fungible tokens that you earn, buy or sell. ⌃K2 subscribers in the TaxiGaming community. Create and Sell NFTs. 0 coins. This can allow owners to include their NFT on their social profiles to build a reputation as an elite gamer, collector or. At Froyo Games, we aim to connect a parallel movement between NFT, games, esports and brands to target the right gaming audience through our unified platforms - FROYO NFT LAUNCHPAD & FROYO GAMEBOX! Earn, trade, stake, farm and swap your game assets the way you want. 00 %---60. Amazon Prime members can claim a free NFT and in-game currency for Mojo Melee, an accessible, web-based “auto battler” game in the vein of Auto Chess and Teamfight Tactics. What's Axie Infinity? Axie Infinity is a virtual world filled with cute, formidable creatures known as Axies. Active supporters are welcomed. If you purchased your NFT more than one year ago, you’ll be taxed at the long-term capital gain’s. By exchanging an NFT from one game to another, gamers also have the potential to receive special perks, exclusive invitations etc. Our play-to-еarn gamе app development offers a unique and compеlling gaming еxpеriеncе, with thе ability to scalе for a widе rangе of players and provide real-world bеnеfits. The original Sonic The Hedgehog will almost certainly be made into an NFT, since it was the foundation of the publisher's most famous franchise. TaxiGaming Team is finishing the spadework to launch a sensational Taxi NFT game🚕🚕 The game is about… People pay eye-popping prices to own digital pictures -- think $250,000 for a colorful ape avatar -- and the NFT speculation market is now at a fever pitch, with celebrities like Snoop Dogg and. TaxiGaming - Play to Earn Land NFT. L. 7 million shares at a proposed price of $4. 45 %--+7. Ada banyak game NFT terbaik dan terbaru yang bisa dimainkan untuk mendapatkan keseruan sekaligus potensi. Play-to-Earn Games on Android and iOS. What to expect from NFT gaming now and in the future. Rush Avatar is a special 3D cryptocurrency token that players own, similar to NFT. NFT ownership in the US is in line with what we saw last month, with 3% saying they own an NFT, following 3% the month before. Premium Powerups Explore Gaming. Create fun, memorable experiences where your users truly own their progress. Rating. info. An NFT is an asset whose digital receipt is placed in the blockchain. NFT, or "non-fungible token," is a type of digital asset that's unique and can't be interchanged. Assets owned by NFT Gaming. Coins. Alien Worlds. 90 %--+0. Blockchain technology enables tech companies and developers to create next-generation NFT games that can be used as a play-to-earn. Hivelance is a top-grade NFT Game Development Company who can build your NFT Gaming platform with innovative ideas to get massive revenue. finance is a decentralized eco-system running on Binance Smart Chain, with an infrastructure that give the platform the ability to eliminate token’s inflation. TaxiGaming - Play to Earn Land NFT. 🚖TAXI GAMING🚖 - Launching the world's first Dual Rarity Strategy Game Join our Discord - discord. In the game, you will receive unique pets or Axie whom you have to grow and breed. The NFT game is just another tradable card game with similarities to Gods Unchained. And an NFT digital collage by the artist Beeple sold at Christie’s for $69. In the same way as cryptocurrency, NFTs can be traded using blockchain networks, which provide them with all of the benefits this entails,. And get Free access to the Excellent, Well Researched & Insightful Technological Articles From SoluLab Team. You can browse the list or. We are going to use Bluestacks in this method to Download and Install Taxi Sim 2020 for PC Windows 10/8/7 Laptop. Just like Fortnite, major brands such as AMC's The Walking Dead and NFT projects such as Bushidos, are partnering and feature in The Sandbox. The Alien world NFT gaming platform is also a parallel verse that has a cloud-based wallet and one of the best ways to earn by playing games. “Non-fungible” means something is one-of-a-kind and can’t be replaced. NFTs can take the form of digital art, sports cards, virtual in-game items, music, and videos. Three Up-and-Coming NFT Games to Watch. NFTs will make it possible for gamers to take their skins, avatar, or gaming character into every game they play. Hawku is the leading gaming NFT marketplace on Polygon, with 90,000+ transactions since its launch. Axie Infinity is a non-fungible token -based online video game developed by Vietnamese studio Sky Mavis, [1] known for its in-game economy [2] which uses Ethereum -based cryptocurrencies. Berbasis blockchain, kamu bisa memiliki aset dalam game yang diperjualbelikan menggunakan mata uang kripto. RT @Souls_nfts: 🎁 WL Giveaway 🎁 Prizes: 🏆 20 WL from Soulsnfts 🏆 10 WL from TaxiGaming To Enter: 1⃣Follow @Souls_nfts and @_TaxiGaming 2⃣RT & ️. (Image credit: Immutable) 03. Step 3: Trade NFTs in the marketplace: After signing up and ensuring you have enough funds in crypto or other NFTs, you can visit the marketplace and start trading. It’s inevitable that NFT gaming will take off. NFTs are tokens that are individually unique. In conclusion, there is no set cost for developing an NFT game. Create on demand, no unnecessary costs. Step 1: Download the Bluestacks 5 software. (That was up to $4 billion by March 2022. How much you’ll pay in taxes depends on a variety of factors,. The Sandbox is a voxel-based game metaverse and one of the most well-known NFT gaming stages for making and exchanging virtual assets. Categories. And according to Bored Ape Yacht Club member Jace Kay, 2022 sounds like the year the promise of Web 3. Developed by RBL labs, LOCGame is an NFT collectible strategy card game, which also features a metaverse that allows players to interact in a variety of ways. L. Game Overview The players can buy Taxi NFTs or City Land. Embodying love, empathy, & compassion, the Pudgy Penguins are a beacon of good vibes & positivity for everyone. 18 New! Develop. 6. By making a relative combination of gaming and blockchain Gamefi enables the. In the context of blockchain gaming, this involves lending or renting in-game assets, such as characters, items, or virtual land, meaning borrowers can access and utilize these assets for a specified period without having to purchase them. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded. Colored Coins attempted to create and freely trade unique assets over the Bitcoin network. The seller can decide to choose a floor price. LegendsOfCrypto (LOCGame) LegendsofCrypto (LOCGame) is one of the more recently launched NFT games on this list. In-game NFTs typically represent weapons, armor, virtual real estate, and other inventory items available in video games. Their aim is to lure you to third-party sites or apps where you'll be asked to share your 24-word recovery phrase or to. Amazon Prime members can claim a free NFT and in-game currency for Mojo Melee, an accessible, web-based “auto battler” game in the vein of Auto Chess and Teamfight Tactics. gg/Zzmy7WrDr6See new Tweets. It supports Bitcoin, Litecoin, Ethereum, Polkadot, Binance Coin and all ERC-20 (Ethereum) tokens. Once you have chosen a platform, you will need to connect a digital wallet that supports the blockchain on which you want to mint the NFT. . 5 billion (according to analytics platform DappRadar), offering NFTs of everything from in-game items and collectibles, to artwork, music, GIFs, and more. It cannot be copied, substituted, or changed. Conversationthree Join Discord to claim your prize discord. Loot is a great example of an NFT project with NFTs that anyone can use to make a game with. STAKE. Now, players can move their characters and. CryptoVillages is a game where players make real-world money through interacting with their village, exploring wilderness maps, and competing against each other in PvP. Axie Infinity. TaxiGaming - Play to Earn Land NFT. E. The company was incorporated in. m. Roblox CEO Envisions Web3 and NFT Integration. by Michael Nov 18, 2023 News. OpenSea is the original peer-to-peer NFT marketplace, and far and away the largest. The NFT market is rife with scams, pump-and-dumps, and a specific kind of crypto racket called a rug pull, where an NFT project is announced, investors buy in, and then the founders run away with. R. However, After all the. Non-fungible tokens validate the authenticity and ownership of a digital asset. An NFT is a digital asset that can come in the form of art, music, in-game items, videos, and more. NFTs have seen a large decline in value since their highs of 2021. The Sandbox is a play-to-earn virtual style metaverse in which you can own land, play games, or build your own game. HOME STORE DOWNLOADS. Multisig. This is a new play-to-earn and role-playing game where players can engage in a virtual environment. Taxi Gaming is a Land NFT based Play to Earn, self repaying and stimulating taxi game that generates guaranteed passive income forever. The good news is that it’s pretty easy to start NFT trading and just about anyone can do it. 1. NFTs, or non-fungible tokens, are digital assets that represent unique and scarce items on the blockchain. Pool Royale: Undoubtedly the best NFT games to earn money. NFT trading cards and collectibles. $1. Indie gaming provider Itch. The popularity of NFT game has increased recently. Some of the other NFT trends point to the rising number of artists and different applications of. MetaTag launches NFT usernames for gamers. Splinterlands is a digital collectible card game. , a first-person shooter game set in a post-apocalyptic Ukraine that became a. Promising uses in gaming include metaverses, in-game objects and collectables, and creating unique clans. 33 reverse split of our outstanding shares of common stock prior to effectiveness of the registration statement of which this prospectus forms a part (the “Reverse. 2 subscribers in the TaxiGaming community. An essential part of this game is digital pets called Axis. It confirms that the game has crossed 260,000 daily users to hit the most popular milestone. There are 2. The game economy is gradually. 52 % Rose Collection--+34. On top of that are tons of features help you earn and win tokens. An NFT game incorporates the use of NFTs in its rules and mechanisms. The implementation of P2E into those specific games will differ, but the general idea always remains the same. That was roughly 22% of all. You can take control of. gg/y7BTFnKtJa discord. Although NFT games are developed using the. Each NFT has different properties (non-fungible) and is provably scarce. The 1991 Sega Genesis release marked the debut of the series' speedy blue protagonist, who eventually became Sega's competition to Nintendo's Mario. These tokens can represent digital and real-world assets like artwork, real estate, collectibles, and even personal identity. 2 subscribers in the TaxiGaming community. T. Final Fantasy 7. NFTs are tokens that are individually unique. Sandbox 3D. Non-fungible tokens (NFTs) are slowly gaining popularity, as the NFT market in 2021 alone was worth $41 billion. NFTs are bought and sold via a purpose-built NFT marketplace, kind of like Amazon ( AMZN 1. **From the prospectus: “ We plan to effect a 1 -for-1 . Adopt cutting-edge technology with our NFT game development services that offer excellence in the gaming industry via a flawless and user-friendly NFT trading experience. NFT floor price is often determined and set by the owner of the NFT. Using our development services, you can create a seamless white label NFT marketplace platform with multiple blockchain support. 🎁 #Giveaway 🎁 Taxi Gaming x Chibabies NFT Prizes: 🏆 10 WL from @_TaxiGaming To Enter: 1⃣Follow @_TaxiGaming & @ChibabiesNFT 2⃣RT & ️ 3️⃣Tag 3 friends 48H⏰ #NFT #NFTGiveaway #NFTdrop #NFTCommunity #NFTs #Whitelist . Taxi Gaming is a Play to Earn, stimulating taxi game that generates cryptocurrency which can be cashed out anytime. MOMO Farmer is a free-to-play game that allows gamers to play to earn. From the early days of arcade cabinets and console gaming, through the rise of the Internet and online gaming, to the current era of virtual reality, gaming has pushed the boundaries of what is possible with technology. It confirms that the game has crossed 260,000 daily users to hit the most popular milestone. In March 2022, a hack on the NFT-based online video game Axie Infinity saw $600mn stolen from the game’s digital economy – something that S&P sees as being “the key factor behind the market's decline in 2022”. Basically, when a user owns an NFT item, that specific item is 100% unique to that user alone. Game-fi has created a new gaming economy and is changing the way users can acquire and use NFTs.