NFTs or ‘Non-fungible Tokens’ are digital fields encoded on a blockchain using the same cryptocurrency. Unlike standard formats like mp3, mp4, png, etc., NFTs can not be replicated, meaning each NFT is wholely unique unto itself.

For example, if an artist sells a piece of art as an NFT, and you buy it, you will be able to verify, using blockchain technology that you are the sole owner of that singular product.

NFTs and other Blockchain technologies are still in the early stages of their market lifespan, while physical video game media is on the way out. With these two trends coinciding, it shouldn’t be long now before we see NFTs changing how software is distributed and owned in the video game market forever. Will NFTs solve the problems of digital ownership in the video game market? Or are they simply a passing fad? It won’t be long now before we find out.