When it comes to cryptocurrencies, it is one of the ways these games can pay you for your play. The various digital tokens and assets issued for actions in the game are often forms of, or exchangeable with cryptocurrencies like Ether. This allows you to turn your time playing into cash by exchanging your spoils for real-world money or goods. Examples of play-to-earn games The types of play-to-earn gaming can range from massive multiplayer online role-playing games (MMORPG) to one-on-one real-timed strategy games (RTS). The functionality and how you earn rewards will be different from game to game. The only constant between each P2E game is that you can use your enjoyment of gaming to earn in each of them. I will provide some details on a few of them below, however, there are hundreds if not thousands available or in development. It is highly advised to do your own research (DYOR) with any game you choose to invest time and money into. The Sandbox The Sandbox is a virtual Metaverse where players can play, build, own, and monetize their virtual experiences. This may be as close as you can get to experience Ready Player One at the moment. ZedRun ZED is a provably fair digital horse racing play-to-earn game built on blockchain technology. Create a legacy by building a star-studded stable of winning racehorses. Zedrun gives you the ability to breed, race, and trade horses. Illuvium Illuvium is an NFT collection and auto battler game built on the Ethereum network. Players can earn $Ilv and NFTs as they battle across the open-world RPG. One of the bigger P2E games Illuvium is attempting to bridge the game between play-to-earn and AAA games. Axie Infinity
Axie Infinity is a trading and battling game that allows players to collect, breed, raise, battle, and trade creatures known as Axies, which are NFTs. New players need to purchase at least three Axies to begin earning in the Axie universe. Galaxy Fight Club A game coined as the Smash Brothers of the blockchain, Galaxy Fight Club is similar in playstyle to brawl stars. A PvP fighting game where holders of different NFT collections can play to earn in battles with each other. Players can both win and earn NFTs or $Gcoin. Town Star Town Star is a competitive farming game from the people behind Farmville. Each week, the top players on the leaderboard win prizes, and every day, players can complete challenges to unlock and collect TownCoin play to earn gaming rewards. It is similar to the Facebook games of yesteryear. CryptoFights CryptoFights M.E.T.A. (Most Effective Tactics Available) include what skills path you take developing your fighter and what skills you bring into a battle along with the equipment you choose. There are counters to everything in CryptoFights so you will need to use deep strategy, critical logic, and weigh probabilities in real-time.
In the future, it's unlikely that games will ever be played the way that we know them today. With an opportunity to earn a real income and own in-game assets, gaming is getting a lot more serious, and so are the players. Have you been thinking about NFT gaming? Maybe you’ve played a few games and are interested in learning more. Or perhaps you’re enjoying NFT gaming and want to find a way to turn it into an additional revenue stream. If you’re curious about NFT gaming, this guide can help you get started, learn how to monetize your hobby and answer your questions about NFT games. What Are NFTs? Non-fungible tokens are, essentially, a form of digital currency made to represent art, music, merchandise or other assets. Fungible, in terms of currency, means interchangeable. So a non-fungible token means that digital asset is not equally interchangeable with another asset, digital or non-digital. GOBankingRates.com explains it best when they describe fungible assets as things like gold bars, stocks or U.S. currency. You can trade one $20 bill for another $20 bill and neither party will have gained or lost anything from the deal. On the other hand, many collectibles, cars, diamonds and artwork all vary slightly. You cannot trade one diamond for another diamond in a completely equal exchange, although both diamonds may have approximately the same value. That is because each gemstone is unique. Likewise, two pieces of artwork may have the same value today, but one could appreciate and one could depreciate due to a number of factors. Artwork creates a very good analogy to NFTs, since NFTs are often used to represent art. What’s the Difference Between NFTs and Crypto? Although you can buy NFTs with cryptocurrency — and many people do — crypto and NFTs are not the same. Cryptocurrency is fungible, since you can trade one Bitcoin for another in an equal exchange. With NFTs, all the value lies in the token being unique and original. There are also some other similarities between NFTs and crypto. For instance, most NFT games are played on the Ethereum blockchain and Binance Smart Chain. You can use the same digital wallet that holds your cryptocurrency investments to store your gaming NFTs. And you can use crypto to purchase NFTs in your favorite NFT games.
While cryptocurrency is considered part of the world of DeFi, or decentralized finance, NFT gaming exists as part of a concept called GameFi, or the merger of finance and gaming. What Does NFT Mean in Gaming? The concept of NFT gaming, is that it connects the gaming experience to unique digital assets that can be won, purchased or otherwise acquired within the game world. NFTs in gaming may come in the form of: You can store your gaming NFTs in a digital wallet — just like cryptocurrency, trade them with other players or use them to enhance your game enjoyment — just like collectibles in the real world! How Do You Play NFT Games? NFT games vary as widely as any other video games. Some are based on completing quests, some are based on battles and some are games of chance. Some operate like tactical card games in the spirit of Magic: The Gathering. Others, like AdoptMe and CryptoKitties, are based on collecting, raising and interacting with animals. Etheria, widely considered the first NFT game, introduced in 2015, is a real estate investment game based on trading digital land as NFTs. In 2021, someone purchased a plot of land in Etheria for 70 ETH, worth roughly $130,000 USD at the time, according to NFTExplained.info. There is clearly money to be had — and spent — in NFT gaming.
The popular CryptoKitties, introduced in 2017, allows the player to collect, breed, care for, and buy and sell digital cats while also playing games and completing puzzles. Because they are NFTs, every cat represented in the game is 100% unique. As of June 29, 2022, there are more than 2 million CryptoKitties owned by players around the world or available for sale. To play an NFT game, you’ll need to access the game through your mobile device or computer, and often invest a “stake” in the game by paying in cryptocurrency. From there, make sure you know the rules of your individual game and, most importantly, have fun. Earning Profits from NFT Games If you think any gaming advertisements that claim you can earn income just by playing are scams, that’s not true. While scams are out there, NFT gaming can be a viable path to earning money through gaming. There are several ways to earn a profit through NFT gaming. You can choose play-to-earn games, which are some of the most popular NFT games available today. In these games, you earn rewards by completing challenges, defeating levels, villain characters, or even just by playing more frequently. The assets you earn, including NFTs, cryptocurrency, or player skins, can be traded in to unlock more rewards or sold for cryptocurrency. Some play-to-earn games are free to begin, while others require you to purchase a stake in the game to start. Alternatively, you can play games like CryptoKitties, where you can earn in-game NFTs that have value only within the game. Then, you sell the NFT cats for cryptocurrency — in the case of CryptoKitties, Ethereum, which you can then sell like any other investment for U.S. dollars or hold onto it if you feel it may appreciate. As with any crypto investment, investing in NFTs and converting them to crypto is highly speculative and you could lose money as easily as you could earn money.
Rarity SnifferYou can also earn money by creating your own NFTs and selling them in games like CryptoBlades and Cryptovoxels. You can also play in the metaverse neighborhood of Decentraland. You can create objects, wearables or collectibles and earn royalties from sales. When you’re playing an NFT game, you will also likely have an opportunity to trade your NFTs. Remember, since NFTs are non-fungible, meaning two NFTs are not worth the exact same value, you may lose or gain on a trade. However, you can trade NFTs to get other objects or items that can help you progress in the game, or you can earn high value NFTs by trading them for objects other players need. If you plan to trade NFTs, it’s important to understand the value of what you hold. NFTs vary in their value based on how rare they are, their specific attributes, or how useful they might be in the game, as well as their inherent appeal to players. Are There Any Free NFT Games? While many NFT games require you to pay to begin to play, some free NFT games exist. You can still earn NFTs that may have real-world value in these games. Splinterlands is one of the most popular free NFT games. It is a collectible card game where players can win rewards from playing tournaments or completing quests — all with no upfront fees to get started. Womplay.io has a full collection of NFT games that allow players to win points or cash.
Gods Unchained is another popular, free NFT game where players can earn and trade in-game assets. Gods Unchained levels the playing field by matching up players of similar rankings, while some play-to-earn games give players who can purchase the rarest or most powerful cards have an advantage over other players. If you already enjoy gaming, NFT gaming can be a way to earn extra cash or get started with cryptocurrency investments. All you need is a computer or mobile device, a digital wallet to store your winnings and access to a crypto exchange if you decide to trade in your NFTs for crypto or cash. It is possible to lose money or to lose your NFTs if you play, but if you start with free NFT games, the stakes are fairly low. In most cases, the more you play, the better you will get and the more you can earn. If you’re looking to earn some spare change, and don’t mind taking a risk, NFT gaming might be worth exploring. If you want to know what an NFT is you first need to know that NFTs stand for non-fungible tokens. An NFT is a digital representation of a real-world item on a blockchain network. NFTs are versatile and can be a representation of virtually anything, from pictures to songs, videos, artworks, and even tweets. Perhaps the most defining characteristic of NFTs is their non-fungibility, meaning an NFT cannot be fractionalized, thus enabling NFTs to maintain their inherited characteristic of retaining ownership. By default, because NFTs are non-fungible, they become sole blockchain entities with a unique value and worth attributed to them.
NFTs retain their value on the blockchain network as they render Web3 utility for off-chain and physical assets that need to be digitized in the new environment. Difference between NFT and Cryptocurrency? NFTs and cryptocurrencies, although similar in terms of their underlying technology, differ significantly. For one, cryptocurrencies are fungible, and two cryptocurrencies of equal value can be exchanged for one another. For NFTs that’t not a possibility. NFTs and cryptocurrencies also serve different purposes. Cryptocurrencies are digital currencies used to facilitate peer-to-peer transfers between individuals without the need for third-party intermediaries. NFTs, on the other hand, allows users to showcase the ownership of a digital asset. However, with the advent of NFT gaming, NFTs have become more than just collectibles. They are now viable in-game items and characters, just like the in-game items and characters in traditional video games. What is the Role of NFT in Gaming? NFTs in games are representative of in-game items. Imagine an NFT-based soccer game, for instance. The players, stadiums, jerseys, and every gaming asset would all be NFTs, and players can trade and transact such items within their blockchain network. This further provides new value functions for NFT gaming assets.
Buy NftNFTs reshape the gaming industry by equipping users with new incentives which help the game become more valuable – as is the case with play-to-earn or more-to-earn gaming. The earning potential of NFT gaming is made possible as NFTs, by default, have developed to empower NFT holders to showcase asset ownership. With traditional gaming, ownership of gaming items is limited. While players have always owned their in-game items within the game, such assets become invaluable if developers pull the plug. Players could not trade off these items outside the game for some real-world rewards. NFTs, on the other hand, have broken this barrier and made it possible to exercise full rights and ownership over their in-game items, creating new in-game economies. Ever heard of Non-Fungible Tokens (NFTs)? Well, since the beginning of 2021, and as technology progresses, the industry has radically changed to cater to content creators, streamers, and artists in a way where the authenticity of their production becomes an entirely not-so-new value proposition of its own. This is all thanks to the way NFTs function online, and how people interact with them in the buy/sell market space. In short, NFTs are unique digital content hooked up to a blockchain that can be purchased and sold. Each NFT is one hundred percent authentic as there can be no exact replica.
What Are Non-fungible Tokens (NFTs) and how do they work? Non-Fungible Tokens (NFTs) are becoming the new digital investment craze. Since fungible items are anything that can substitute another item of the same category (think of it like exchanging your ten $10 bills for one $100 bill), NFTs are digital tokens that identify the asset as the original, unique, rare one and being non-fungible, they cannot be exchanged with each other. Just like how you couldn’t exchange your house with your neighbor’s house even if they are almost identical. Essentially, the NFT says into the digital world: “Hey! This is the original one!” It cannot be exchanged or divided, unlike money or bitcoin. This is because the token lives in a blockchain, which is basically a digital record of transactions. A quick example would be: ✅ You want to trade your one-of-a-kind engraved keyboard by Jeff Kaplan for the Mona Lisa, or cold hard cash. Versus: ❎ A friend offers you their one-of-a-kind Overwatch headphones signed by Jeremy Craig for half of the keyboard. You wouldn’t chop it up, right? Now when someone gives you money – it’s recorded on the list (aka the blockchain), and if you spend that money on an item – a record is then added on the list for that transaction and everything else that happens after that.
An example of this would work like: Craig buys an NFT from the creator David for $100.00, Craig is the owner Craig sells that NFT to Sarah for $110.00, Sarah is now the owner Sarah sells that NFT to Joan for $200.00, Joan is now the owner Joan sells that NFT to Daniel for $220.00, Daniel is now the owner Each record is called a block and all are chained together to make a very big list, thus, the blockchain. All these records are verified by numerous systems so everything is surely authenticated, you cannot just make something up and disrupt something’s authenticity. That is how cryptocurrencies like bitcoin, ether, and litecoin works- the blockchain creates ownership for money and tracks everything that happens to it in the digital world- purchases, exchanges, etc. This is how NFT works as well but instead of tracking the ownership for money, it tracks the ownership of a digital asset, which could be anything under the sun. NFTs allow an asset to be bought and sold while keeping and checking its authenticity- keeping one safe from counterfeit and fake ones, it can then be collected just like fine art.
