NFTs are blockchain-based collectibles that represent unique digital works of art. Because of this, they can be used as characters, goods, and other tradable items in video games.
In the game-fi world, NFT games have become popular as a source of money. NFTs can be traded or sold in-game to other players or collectors, and some models allow you to earn tokens simply by playing.
Transfer your gaming NFTs to a wallet that will accept them before you make a move. Also, always be on the lookout for typical scams when transferring the NFT to an NFT trader or someone else. Finally, carefully review the rules of the game to determine whether or not you have an opportunity to lose.
Ethereum and the Binance Smart Chain are the most common places to find NFT games (BSC). Some use collectible figurines like CryptoBlades & Axie Infinity. In contrast, trading cards like Sorare are used by others.
The NFT Mystery Boxes offered by Binance enable users to receive different NFTs, each with a different rarity level. These boxes can be found in bundles with NFT video games.
A short introduction!
Since the first blockchain-based online games were released in 2017, crypto fans have been familiar with this technology. While several initiatives have risen and fallen since then, none have caught on with gamers in general. Developers may struggle to figure out what makes their games attractive. However, a change of perspective may be exactly what it takes to foster widespread adoption.
NFT games have evolved since the beginning of the CryptoKitties frenzy and now offer play-to-earn models as well. By amalgamating finance and gaming, Game-Fi offers gamers the opportunity to make money playing games. You don’t have to rely solely on winning, discovering, or breeding a priceless collector’s item. In addition to collecting animals, players can also choose from a variety of game models on various topics.
Understand how NFT gaming works
When it comes to NFT games, they are not the same as just keeping crypto assets in your wallet. The rules, mechanics, and player interactions all use NFTs in an NFT game. To illustrate this, your person or your avatar could be represented as an NFT in a video game.
During the game, you may come across digital things that turn out to be NFTs. After that, you can make money by trading or trading your NFTs with some other players. You can also earn income from NFT games by using a newer play-to-earn approach that we will get into in more detail later.
To put it another way, how exactly do you extract NFTs and make them work in a gaming environment?
NFTs are exchanged, created and implemented in games via developer-created smart contracts. Smart contracts are bits of self-executing code that are recorded on a blockchain and are automatically executed when triggered.
Earn the real money, let’s go!
If you’ve been paying any attention to the IT world lately, NFT has been the subject of several stories about people who made a tidy sum of money playing it. Some even quit their jobs to devote themselves to gaming in order to supplement their income.
Play-to-earn NFT games allow players to make money while playing. Tokens and NFTs are the most common forms of reward, with more players getting the longer they play. Tokens obtained in-game are often needed for crafting purposes.
Tokens are more reliable than NFT Drops as they can be acquired through gameplay on a regular basis. NFT drops, on the other hand, are more likely to depend on chance. Users in low-income countries prefer play-to-earn as a supplement or replacement for social security or a fixed income.
There are several well-known play-to-earn games, but Axie Infinity has gained a lot of notoriety. If you don’t want to spend any money on the game right now, you can either buy three Axis powers or borrow a companion from another player. You can earn SLP (Smooth Love Potion), an ERC-20 token that can be traded on exchanges once you’ve had a Starter Squad and start completing tasks and challenges.
Depending on the features of the game and market demand, the amount of money you can make playing an NFT game varies greatly from one player to another. Other players who value the NFTs or cryptos you earn in the game will pay you.
Selling your products on a marketplace is required to get your money back. The value in NFT games results from the collectibility of the NFT or token or its use in the game. These two aspects are also responsible for the rumor mill.
It’s not a win-win situation
Playing NFT games can lead to financial loss. What you get will depend on your skill level, the game you play, and the value of the NFTs in your inventory. If you have lost money, it is not a guarantee that you have been scammed.
Because NFTs are uncertain and their value fluctuates based on market factors, the magnitude of your losses can change. Invest only what you are ready to lose, just like any other cryptocurrency investment.
NFT games that are widely known
The majority of NFT games run on BSC or Ethereum, but there are a few others. Traditional video game experiences can be found in some. However, the resale value of NFTs is at the center of others.
1- Axie infinity
2- gods unleashed
4- NBA top shot