In esports, Web3 and blockchain technology are set to transform how games are played, owned, and monetised. One of the most exciting developments is the use of NFTs (non-fungible tokens). These are unique digital certificates stored on the blockchain that prove who owns a particular digital item. Each NFT includes a unique ID and metadata that cannot be copied or altered.
Things like an in-game sword, a video highlight of a clutch play, or a rare digital trading card can become NFTs. The blockchain keeps a permanent record of who owns each item, even if the image or video itself isn’t stored on the blockchain.