Apptimum Labs Inc.

NFT in the gaming world: Play-to-Earn model

February 1, 2022
NFT in the gaming world: Play-to-Earn model

Not only have non-fungible tokens influenced the gaming world, but they've also caused some profound
changes in other areas, especially in art. A growing number of digital art creators and buyers has brought
more attention to this innovative market. With that attention have come new questions and concerns.
We'll investigate some of them by diving into the history of NFT art, discussing its pros and cons,
and some of the most interesting public NFT purchases that are in the public eye.
For those who are new to NFTS, we recommend reading our article on NFTS. Brieffy, in digital art, a non-fungible
token is a digital asset that proves ownership of the original piece of artwork. If you own an NFT image, you have
a digital signature in the way that a great work of art might bear the signature of the person who created it.
But why is it valuable if anyone can view it online? Can't we just copy-paste the image without buying it? Yes,
we can, but it is like having a copy of The Starry Night by Van Gogh. Though you have it, the original painting
is not in your possession. NFTS give you the right of ownership, as they live on a blockchain and contain the
history of all the transactions, only one person can own it and that is what makes it rare.

How it all started

Crypto art has dramatically changed the art world and flooded it with a lot of money. But how was this
the new industry created?
For those who are new to NFTS, we recommend reading our article on NFTS. Briefly, in digital art, a non-fungible
the token is a digital asset that proves ownership of the original piece of artwork. If you own an NFT image, you have
a digital signature in the way that a great work of art might bear the signature of the person who created it.
But why is it valuable if anyone can view it online? Can't we just copy-paste the image without buying it? Yes,
we can, but it is like having a copy of The Starry Night by Van Gogh. Though you have it, the original painting
is not in your possession. NFTS give you the right of ownership, as they live on a blockchain and contain the
history of all the transactions, only one person can own it and that is what makes it rare.