NFT games: how to earn cryptocurrency?

NFT in the cryptocurrency community is perhaps the most discussed topic. And although NFTs are most often associated with digital art or collectibles, few people know that there is a separate super-popular industry that uses non-fungible tokens – NFT games. Let’s figure out what it is and how to make money on it.

Games for money are far from a new topic, but there is one very important nuance – the legal rights to the game character and game attributes. In ordinary games, the user can spend as much money as he likes to “pump” his account, but in legal terms, he does not have any rights to it. The right holder in this case is the owner of the domain name under which the resource is registered, the entity that rents it, or the owner of the software. If the player’s account is blocked, he will lose all his game attributes.

In the case of NFT games, the actual owner of game attributes is the player, since they are issued in the form of NFT tokens, and the right to own them is registered and stored in the blockchain forever.

NFT technology gives great opportunities to players by combining traditional and non-traditional gaming practices. By themselves, NFTs serve as a guarantee of the uniqueness of game assets and attributes. By purchasing a game add-on in the form of an NFT token, the player can be sure that no one else on the network has and will never have an exact copy of such an asset.

Thus, NFT games allow each player to personalize and “pump” their account as much as possible, as well as earn money by reselling in-game NFTs to other players and using the “play-to-earn” model.

The main feature of this type of game is that characters, game add-ons and game assets can be issued in the form of NFT tokens. As they progress through the game, players find or earn assets that can be sold at special sites or spent on purchasing game add-ons.

Ownership of a gaming asset can be achieved in 3 ways:

1. Create or get a new character (the order is determined by the rules of the game).

2. Purchase game assets on special platforms.

3. Earn a game asset for completing the task.

Any of the above methods gives the player the right of exclusive ownership of the gaming asset. What to do with these assets, each player decides for himself. They can be sold or used to develop your account

As is the case with regular games, NFT games provide an opportunity to have a good time. In addition to this, you can also earn here, and for those who do it professionally, become the main source of income. In addition, all NFT games are adapted for use in mobile devices, which is very convenient.

The disadvantages of such activities include the risks associated with investing. Any investment, and especially investment in crypto, is a very risky activity. Therefore, invest only that and just enough so that it does not cause irreparable harm to your well-being.

It is possible to make money without investments on NFT games, although there is no need to talk about any significant amounts. Play-to-Earn NFT games allow you to earn tokens by solving various game tasks. The amount of earnings from the sale of tokens depends on various factors: the market rate of the token, the mechanics of the game (how many tokens can be earned without investments). In NFT games, the value of a token is determined by either usefulness in the game or collectible value.

Options with investments are more risky, but at times increase the likelihood of earning.

While NFT games lag far behind classic toys in terms of numbers, the industry is growing at a frenetic pace and will continue to do so in the next few years. Already, NFT games that are popular with gamers can be distinguished.

1. Axie Infinity is a blockchain-based game where players buy cute monsters and then pit them against each other in battles. Players can earn SLP tokens while playing and exchange them for money on the exchange. To get started, you need to purchase a collection of 3 cute characters.
2. Splinterlands is an innovative addition to play-to-earn games in the NFT world. Formerly known as Steem Monsters, the game is powered by the Hive blockchain and belongs to the trading game genre. In Splinterlands, players fight monsters to earn in-game rewards. Every card in the game is an NFT and trades similarly to cryptocurrencies such as Bitcoin, Ethereum, Cardano, etc. Cards can be bought and sold through third party online marketplaces. The winners can earn real money making it a profitable platform for very experienced players with the best cards. Splinterlands runs on the Ethereum blockchain and requires players to create an account or connect to an existing Web3 wallet such as MetaMask in order to interact with the app.
3. Plant vs Undead is a multiplayer tower defense game in which players must come up with a strategic plan to eliminate monsters in order to protect against NFT invasion of your garden. The official in-game currency of the game is PVU tokens created on the Binance Smart Chain blockchain.

Players can either exchange PVU for a range of liquid cryptocurrencies on the Pancakeswap platform, or exchange them for Light Energy (LE), another of the project’s in-game tokens.

4. Alien Worlds is an NFT metaverse where you can play with unique digital items (NFTs). Players can select in-game NFT cards for their strategy on Binance Smart Chain (BSC) and WAX to use for mining, battles and missions. The project’s in-game token is Trilium (TLM). Trilium is a fungible ERC-20/BEP-20/WAX token that connects the metaverse and allows the transfer of value and voting in the Planet DAO. This asset can be freely converted into other crypto or fiat assets.

5. Lost Relics (LR) is an action-adventure RPG powered by the Unity platform that uses the Enjin (ENJ) token to obtain provably rare and valuable items. ENJ is an ERC-20 token on the Ethereum blockchain. Lost Relics is free to play and earn gold coins and various items. All rewards are random and not guaranteed income, but some of them are very valuable if you happen to find them. Purchasing a membership gives you additional privileges and a greater opportunity for earning.

Despite the fact that the NFT games industry is actively developing, it is difficult to say how long this trend will last. Nevertheless, gaming platforms register thousands of new players every day, attracting both beginners looking for ways to make money without investment, and experienced investors. The unique blockchain technology provides a good opportunity to create an in-game ecosystem, which, if carefully designed, can bring considerable profit to both creators and users.

On the other hand, it is not clear how long the interest in this topic will last. Since the criteria for determining NFT tokens are vague, it is impossible to unequivocally state in which direction NFT games will develop. Everything can end as quickly as it began. Only time will give an answer to this question.