Tokenization in the gaming world is using the blockchain to create tokens that represent items, characters, skills, or other elements of the game.
In few steps
In games like “CryptoKitties”, each cat is a unique token on the Ethereum blockchain. Players can buy, sell, and breed these cats.
In games like “Fortnite,” a tokenized in-game currency could replace traditional in-game currency, allowing players to earn in-game currency and spend it both in and out of the game.
In role-playing games, each character could be a unique token, allowing players to own, upgrade, and sell their characters.
Players could earn tokens as rewards for completing certain tasks or goals in the game.
In simulation games, players could purchase tokens representing in-game properties, such as houses, land, or businesses.