The previous article introduced the application of NFTs in digital goods and artworks. This article is about the brand new combination of NFTs and the game industry. Here, we use the blockchain sandbox game, The Sandbox, and the virtual treasure marketplace, Lootex, as our examples.
NFT is the abbreviation of Non-Fungible Token. Let me first explain what “fungible” and “non-fungible” are. The cryptocurrencies used in general transactions are fungible tokens. Take Bitcoin as an example, the value of one Bitcoin is equal to another Bitcoin, and a Bitcoin can be divided into 0.1, 0.01Bitcoins, or even smaller. That is to say that fungible tokens can be divided, and each token is equal in value, so most of the coins that can be used for transactions are “fungible”.
