**All rigths reseve to the photo above to Grand Theft Auto Game**
Just a quick intro If this is your first time visiting my name is Frank, crypto is my thing the CryptoNewsmart is where you’ll find the highest quality content about anything crypto, coins, tokens, news, reviews, exchanges, guides, regulations, tools, market moves, and crypto conspiracies too. If this are the things you like you are at the right place.
Grand Theft Auto Game Convinced’ by NFT Opportunity
The company behind the Grand Theft Auto video game franchise, has its eye on the potential opportunities presented by NFTs. “We’re highly convinced there’s an opportunity for NFTs to fit with Take-Two’s offerings in the future,” Take-Two CEO Strauss Zelnick reportedly said via Nintendo Life. Zelnick did caveat his words on NFTs, however.
“We believe in rare goods, we believe in collectibles. The concern we have is that there’s speculation going on,” he said. “We want to make sure that consumers always have a good experience every time they engage with our properties and losing money on a speculation is not a good experience, so we’re going to stay away from speculation.” Zelnick’s words come amid a wider controversy that has put the gaming industry and NFT industry on a collision course.
Gaming and NFTs
Why are popular this Upcoming NFT Crypto GAMES!!! Play to Earn?
Because Players are going crazy over these exciting games, especially since they come with increased profitability. Over time, top players have realized the value of entering the NFT game world earlier rather than later. When NFTs meet blockchain, a new and exciting era ushers in, with gamers growing into critical roles. The majority of the Free NFT Games promise a 3+ digit percentage of return on investment (ROI). In this article, we have listed some of the best NFT games of 2021&2022 that will allow you to make money. These games are fun and you can trade your items, in-game characters with other players.
What Are Cryptocurrency NFTs ? How Do They Work?
What is a non-fungible token?
In economics, a fungible asset is something with units that can be readily interchanged – like money.
With money, you can swap a £10 note for two £5 notes and it will have the same value. However, if something is non-fungible, this is impossible – it means it has unique properties so it can’t be interchanged with something else. It could be a house, or a painting such as the Mona Lisa, which is one of a kind. You can take a photo of the painting or buy a print but there will only ever be one original painting.
NFTs are “one-of-a-kind” assets in the digital world that can be bought and sold like any other piece of property, but which have no tangible form of their own. The digital tokens can be thought of as certificates of ownership for virtual or physical assets.
If I have an NFT, do I own the asset?
That’s the real kicker to understanding the whole concept. The person who buys the NFT doesn’t own the actual asset. “NFTs challenge the idea of ownership: digital files can be reproduced infinitely and you do not (usually) buy the copyright or a license when purchasing an NFT,” said Jeffrey Thompson, associate professor at the Stevens Institute of Technology in Hoboken, New Jersey.
For example, the creator of the Nyan Cat meme sold an NFT of it for $590,000. The person who bought the token owns the token, but doesn’t actually own the meme. That still belongs to the creator, who held onto intellectual and creative rights.
What the owner of the token has is a record and a hash code showing ownership of the unique token associated with the particular digital asset. People might download Nyan Cat and use it on social media if they want, but they won’t own the token. This also means they can’t sell the token as the owner can.
Sign up now: Get Smarter about Cryptocurrency with our weekly Free newsletter
Do you have any question? Reach out to us in any other social media, we will do our best to respond After you are Following Us 🙂
Do you like the Article? Please share Thank you…
**this post contains affiliate links that will help me create new content without additional cost for you **
**I’m not a financial advisor **
Here we will Share others post you might like
Next Article: 7 Best Crypto Mining Software 
Next Article: Best Crypto Exchanges of 2022?
Next Article: Are Cryptocurrencies a good investment?
Next Article: What Cryptocurrency to mine right now
Next Article: what is Ethereum in Depth?
Next Article: What is a protocol?
Next Article: Ethereum price Prediction