A Beginner's Guide to the Best Play-to-Earn Games in 2024

Tutorial: Understanding Blockchain Games and NFTs


Introduction

In this tutorial, we’ll explore the world of blockchain games, NFTs, Ethereum, and ERC20 tokens, providing a step-by-step guide to help you grasp these concepts. We’ll reference information from Etherization the first blockchain game, to illustrate how these elements work together in a real-world application. We'll also explore the future of NFTs, their growing potential, making significant investments in this space.

What Are Blockchain Games?

Step 1: Introduction to Blockchain Games

Blockchain games utilize blockchain technology to create decentralized, secure, and transparent gaming experiences. Unlike traditional games, where assets and progress are stored on centralized servers, blockchain games store game data on a blockchain, making it tamper-proof and giving players true ownership of in-game assets.

Step 2: Key Features

  • Decentralization: No central authority controls the game.

  • Ownership: Players own their in-game assets as NFTs.

  • Transparency: Game mechanics and transactions are visible on the blockchain.

Step 3: Example - Etherization

Etherization is one of the first blockchain games. It allows players to create towns, earn in-game currency (KUNA), and trade assets on the blockchain. The game is accessible on the Ethereum network and features strategic gameplay where assets have real-world value.

2. What is an NFT and How Does It Work?

Step 1: Understanding NFTs

NFTs, or Non-Fungible Tokens, are unique digital assets stored on a blockchain. Each NFT has a unique identifier that distinguishes it from other tokens, making it ideal for representing ownership of digital assets like art, music, or in-game items.

Step 2: How NFTs Work

  • Creation: NFTs are created through minting, where digital content is converted into a token on the blockchain.

  • Ownership: Once minted, NFTs can be bought, sold, or traded, with ownership tracked on the blockchain.

  • Utility: In blockchain games, NFTs can represent characters, items, or entire towns, as seen in Etherization.

Step 3: Example - Etherization’s Citizen NFTs

In Etherization, Citizen NFTs allow players to earn wages, participate in auctions, and stake their citizens in cities to enhance gameplay. These NFTs are an affordable entry point for new players, demonstrating how NFTs can add value and engagement to a game.

3. What Are Historic NFTs?

Step 1: Definition of Historic NFTs

Historic NFTs are some of the earliest NFTs created, often considered valuable due to their age and significance in the evolution of blockchain technology.

Step 2: Significance

These NFTs represent the beginning of the NFT ecosystem and are often sought after by collectors and enthusiasts.

Step 3: Example - Early NFTs in Etherization

As one of the first blockchain games, Etherization features some early NFTs that could be considered historic. These assets have a unique place in the history of blockchain gaming.

4. What is Ethereum?

Step 1: Introduction to Ethereum

Ethereum is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and dap nfts. It is the foundation for most blockchain games, including Etherization.

Step 2: How Ethereum Works

  • Smart Contracts: Self-executing contracts with the terms directly written into code.

  • dApps: Applications that run on the Ethereum network, free from third-party interference.

  • Ether (ETH): The native cryptocurrency of the Ethereum network, used to pay for transactions and computational services.

Step 3: Example - Etherization on Ethereum

Etherization is built on the Ethereum blockchain, utilizing its smart contracts to manage in-game assets, transactions, and the overall gameplay experience.

5. What is ERC20?

Step 1: Understanding ERC20 Tokens

ERC20 is a technical standard for creating fungible Ethereum blockchain tokens. These tokens can be used for various purposes, including as in-game currency.

Step 2: How ERC20 Tokens Work

  • Interchangeability: Each token is identical in value and functionality.

  • Utility: Used for payments, governance, and more within decentralized applications.

Step 3: Example - KUNA in Etherization

In Etherization, KUNA is an ERC20 token used as the in-game currency. Players earn, trade, and spend KUNA within the game, making it an essential part of the Etherization economy.

The Future of NFTs

NFTs are evolving from niche digital collectibles to mainstream financial assets, and this shift is being highlighted by high-profile investments.

Key Features: 

Widespread Adoption: NFTs are expanding beyond art, being embraced by industries like gaming, entertainment, fashion, and real estate to tokenize assets and create new revenue streams.

High-Profile Investments: Prominent figures, including Donald Trump, have made significant investments in NFTs, highlighting their growing recognition as valuable financial assets.

Technological Advancements: Innovations in blockchain technology, such as Layer 2 solutions, are enhancing NFT scalability, accessibility, and environmental sustainability.

Donald Trump's Involvement in NFTs
Recent financial reports reveal that former President Donald Trump has significantly expanded his presence in the NFT space. He owns up to $5 million in cryptocurrencies and has generated over $7 million from his NFT collections, which include notable projects like the "Mugshot" series and Donald Trump Trading Cards. This involvement underscores the rapidly growing potential of NFTs as valuable financial assets, signaling a shift from mere digital collectibles to lucrative investments.

What This Means for the Future
As prominent figures invest in NFTs, the market is poised to expand further. NFTs are increasingly recognized for their value, not just in gaming but across various industries, from art to real estate. This growth points to a future where NFTs could become integral to digital economies.

Conclusion

Etherization is not just a game; it's a glimpse into the future of blockchain gaming and digital ownership. As NFTs continue to grow in value and popularity, they represent a new frontier in investment and digital assets. With influential figures like Donald Trump entering the NFT space, the potential for these digital assets is only beginning to be realized. Whether you're a gamer or an investor, understanding and participating in this space could be incredibly rewarding.

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