The non-fungible token market has entered the Middle East. This comes following the news that Vorto Gaming will be introducing a “play to earn” program that allows users to generate real NFTs through gameplay.
The NFTs that are created can be traded with other gamers in the Vorto Network. The organization hopes that this network will help easily establish an NFT marketplace within the organization.
“Previously, digital power, such as a shield or sword, gamers earned in the game became part of their in-game inventory or arsenal,” said Warren Sample, the chief strategy officer of Vorto Gaming. “But now when we talk about adding blockchain underneath, it becomes a digital real-life asset which the player owns and which is tradable, not just between players, but between other gamers within the Vorto Network.”
NFTs are non-fungible tokens. They work on blockchains, similarly to Bitcoin. However, the difference between the two is each bitcoin can be exchanged for another bitcoin, but one NFT cannot be exchanged for an identical NFT. They are used to mark ownership in a piece of digital media. This can apply to art, collectibles, and video games.
(All information was provided by Arabian Business and Screen Rant)
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