To play an NFT game, you need to own an NFT asset. Some games let you play with free NFTs, while others expect you to buy your entry-level non-fungible token. You can buy these NFTs on the game's native token marketplace or other NFT trading platforms.
Each NFT comes at a different price, depending on the game's native token amount, the NFT's rarity level, and other attributes that it possesses, which can help boost your performance in the game. Wondering about the initial NFT offering of your favorite games, definitely visit our crypto gaming events!!
Why Are NFT Games Going Mainstream?
NFT games are grabbing mainstream attention. As blockchain technology grows and NFTs become more popular, more people are learning about digital ownership. NFT games tap into this trend by using play-to-earn gameplay and giving players a fun way to join the digital economy.
In these games, players can invest in virtual real estate or trade virtual land for rare in-game items. This creates many opportunities allowing players to profit from gameplay. Because of this, NFT games are becoming very popular, with millions of players around the world taking part in virtual economies powered by blockchain.
What Are The Benefits Of NFT As In-Game Assets?
Control and Own Game Assets
Before, players couldn't truly own the assets they earned in traditional games. They also couldn't create or control game assets the way they wanted to. But now, with NFTs, these hurdles are gone. Players can retain true ownership of their earned assets and have the ability and freedom to use them however they want.
Regulate Game Quality
When you own an NFT asset, you can also help determine the quality of a game platform. For example, owning NFTs allows you to host events and contribute characters, levels, mechanics, and other improvements to the blockchain gaming community without restrictions.
Smooth Asset Transfer
In the past, it wasn't possible to use gaming assets from one platform on another. But now, thanks to NFTs, it's a reality. Players can easily create and transfer their in-game assets to different platforms for extra excitement and enjoyment in gameplay.
Ensure Safe Asset Trading
NFTs in gaming make it easy to earn money in cryptocurrencies or real cash. Thanks to blockchain technology, transactions are completed on-chain quickly without involving third-party agents or interference.
When developing a blockchain gaming application, consulting with a professional blockchain payment solutions company can help ensure safety and transparency throughout the transaction process.
Verify Owners and Items
Previously, players would sometimes buy the wrong items from unknown users because there wasn't a proper verification system.
The introduction of NFTs in blockchain gaming has given players a reliable way to interact with genuine users when buying or selling assets using blockchain technology. This has greatly up security and reduced the risk of hackers stealing or duplicating in-game assets.
When initiating the on-chain transaction process for NFT game assets, the blockchain's self-executing smart contracts verify every detail, such as ownership records and item values. Once verified, the smart contracts immediately begin the transaction process.
What Are The Differences Between Free-to-play and Play-to-earn Games?
Most NFT games come in two forms, free-to-play and play-to-earn.
The free-to-play mode allows you to play without making any purchases, but they often don't offer you any rewards, and if they do, it's on a minimal scale. Here is the list of free-to-play NFT games that you must check out!
On the other hand, play-to-earn games will reward you with a crypto token for your gaming efforts as a reward. Play-to-earn modes are often NFT-based, meaning you need to purchase NFTs or other in-game assets to play.
These games are a major trend because you can convert the crypto you earn from the best play them into real money and literally earn from playing games. Play to Earn titles actually made an early appearance, classic titles with names like League of Legends, Fifa, ā¦
In the universe of crypto games and blockchain, play-to-earn gives players an effective opportunity to generate revenue by earning opportunities for participating in the game. By participating in the in-game ecosystem and earning assets for their contributions and achievements, the player produces value for other players and the game developers.
The rewards you extract from crypto games generally come from the revenue generated from purchases and other in-game transactions. You can participate in the game's epic quests, challenges, or tournaments to earn these rewards, and for higher rewards, you need to win these battles. Different games reward players differently, depending on the game's tokenomics & its mechanics.
How Do Play-to-Earn Games Work?
Play-to-earn games use blockchain tech to make on-chain transactions clear and trustworthy between players and the game. Hereās how they usually roll:
Tokenized In-game Assets
Game stuff like characters, items, land, and cash turn into tokens called NFTs or fungible tokens on a blockchain. These tokens chill in a playerās digital wallet, giving them real ownership and letting them use them across different games and platforms.
Decentralized Economy
Play-to-earn games often have economies where players can buy, sell, and trade stuff directly. They do this through decentralized exchanges (DEXs) or peer-to-peer (P2P) marketplaces. It makes a lively, fluid system where stuff's worth is decided by how much people want it.
Different Ways To Earn
Players gotta play to earn rewards. Completing quests, battling, or other stuff that helps the game grow and keeps players happy earns rewards.
Games use various methods to dish out rewards. Some reward based on how well each player does, while others split earnings among all players. And there are different levels of risk and reward, so everyone can find a style they dig.
Some crypto games let players lock up their tokens to get extra rewards or have a say in how the game is run. This makes folks stick around longer and gets them more involved in shaping the game's future.
The Potential Of NFT Gaming
Play-to-earn games are changing the game industry, bringing fresh chances for players and developers alike. Letās check out why they're a big deal:
Player Power: These crypto games give players a real reason to put time and effort into playing. By earning actual value for their skills, players can turn gaming into a job and make a living from it.
Building Communities: Play-to-earn games bring together players who love the game. This builds strong communities where folks can chat, team up, and make decisions together, making the game experience richer.
Money Matters: For developers, these games open up new money-making opportunities. Using blockchain and decentralized finance, they can create business models where cash comes in from players getting involved and the game growing.
Design Innovation: Play-to-earn games let developers try out new ideas for how games work and how they make money. They can play around with cool game features, token stuff, and how they dish out rewards to make games that grab players and keep them playing.
Including Everyone: These games can help folks worldwide make money, even in places where traditional banks aren't easy to get to. By giving more people a shot at making money, play-to-earn games can help connect the online world with the real-world economy.
How to Make Money with Crypto Games?
There are multiple ways of making money through NFT games. The first and most popular way is by participating in the game, winning battles, completing quests to earn on-chain rewards, and converting them into cash.
This is a low-risk money-making strategy with average returns, but if you enjoy playing, you will have a lot of fun while at it. You can start by choosing one of the games in our list of best NFT games in 2024!
The other way to make money on crypto games is by trading the NFTs in the game's marketplace. For instance, you can buy an avatar at a lower price, increase its stats, and resell it at a higher price to a player who wants a high-ranking avatar.
Trading NFTs can make you significantly more money than rewards, but you have to be tactful about what price you buy NFTs, how much it costs you to upgrade them, and how much you can sell them to other players to make profits.
You can also earn from NFT crypto games by renting NFTs. Most rewarding NFTs are too costly for ordinary players to buy. So, you can rent them out to such players and get a cut from the rewards they earn using your NFT. This is one of the best ways to earn a passive income from NFT gaming.
What Are Governance Tokens?
Governance tokens are cryptocurrencies that give the best blockchain games and gaming investors a chance to participate in the game's management and decision-making processes.
One of the most outstanding features of the best blockchain games and applications, games included, is that they are decentralized. This means most of the power behind these apps comes from their users or inventors. To distribute this power among investors, governance tokens come into play.
Often, blockchain games will have two tokens, an in-game token, which has value during gameplay and is used to run the game's economy, and a governance token, whose only value is the decision-making power they possess in game development.
Governance tokens are often given to investors based on their share of investment or other metrics that the blockchain app sets.
What Are In-Game Currencies?
In-game currencies are often referred to as in-game tokens which are used widely among the activities in the game such as upgrading gears, leveling up a character, or even purchasing the NFT mystery box.
Being in-game tokens doesn't mean their use is fully limited to the game. You can trade certain in-game tokens, especially currencies, on crypto exchanges and use the funds you make for things outside the game.
The Gaming Landscape of the Future with NFTs
The gaming world is changing big time with NFTs. Let's peek into what gaming with NFTs could look like and the awesome stuff it brings:
Player-Centered Economies: NFTs are steering gaming towards player-centered economies. Players will take the reins on their in-game stuff, shaping how virtual worlds make money. This shift could totally redefine how gamers and game developers interact.
AR Integration: NFT-powered gaming might blend seamlessly with augmented reality (AR). With NFTs, players could unlock AR experiences in-game, making the digital world feel more real. This could totally change how gamers see and interact with virtual content.
Mobile Games: There are more and more crypto games that can be played on mobile devices. Let's have a look at our lists of crypto games on Android and IOS to find your favorite ones.
Cross-Platform Play: NFTs will make hopping between different crypto games super easy. Players can keep their digital goods no matter where they play. This connected gaming world will be more flexible and dynamic, breaking down the walls between different gaming platforms.
Combination of free-to-play and play-to-earn modes: many game developers nowadays tend to introduce both of those modes in their NFT games. This will benefit both those seeking excitement and the ones striving to earn rewards.
NFT Tech Keeps Improving: Gaming with NFTs means NFT tech will keep getting better. We'll see fancier NFTs with more tricks up their sleeves, making gaming even more fun and immersive.
Ethical Gaming Rules: NFTs could make gaming fairer and greener. Blockchain tech can track everything, ensuring players are treated right and games are made ethically and sustainably. This shift towards fair gaming will keep NFT-powered games growing strong.
What Are the Best Crypto Games to Invest in 2024?
The gaming space has greatly changed in the past few years thanks to non-fungible tokens (NFTs). These special digital assets, made on blockchain tech, have changed how gamers play in virtual worlds
If you are looking for the best crypto games that have just completed fundraising, you should check out the recent crypto games funding rounds. Otherwise, looking for promising blockchain games, you definitely don't want to miss out on our hand-picked upcoming NFT games!
