Today we will deal with you what NFT games are for making money, and in general what this industry is like. In addition, we will also talk with you about how and how much you can earn on this.
NFT games for money
There are many ways to make money on the internet today. For example, you can create your own online store, YouTube channel or information site. In addition, there are also cryptocurrencies, which are a separate world, with their own laws and specifics. And when it comes to crypto, many immediately imagine mining or trading.
However, relatively recently, such a direction as NFT games has appeared, which is also associated with cryptocurrency and you can also make money on it on the Internet. The essence of this direction is that you play computer games and earn money. It would seem, well, how can you earn money by playing games? However, nowadays it has become a reality and in this article we will analyze this direction in more detail.
What is NFT?
NFT stands for "Non-Fungible Token". At a basic level, an NFT is a digital asset that links ownership to unique physical or digital objects. For example, such as works of art, real estate, music or video.
NFTs can be considered modern day collectibles. They are bought and sold online and represent digital proof of ownership of any item. NFTs are securely recorded on the blockchain. The same technology as cryptocurrencies - which ensures that the asset is one of a kind. This technology can also make it more difficult for NFTs to be modified or tampered with.
To really understand NFTs, it's helpful to be familiar with the economic concept of fungibility.
Interchangeable items can be easily traded with each other because their value does not depend on their uniqueness. For example, you can exchange a $1 bill for another $1 bill. And you will still have $1 even if the bills have a different serial number.
Items that are not interchangeable are not interchangeable. In the case of NFTs, each token has unique properties and does not cost as much as other similar tokens. It's like a painting of Mona Lisa, she is one and she is unique, there is no other like it. You can take a photo or a print of the Mona Lisa, but it will only be a copy, which is much cheaper.
How do NFTs work?
Many NFTs are created and stored on the Ethereum network, although other blockchains also support NFTs. For example, Flow or Tezos. Because anyone can view the blockchain, ownership of the NFT can be easily verified and traced, while the person or organization that owns the token can remain a pseudonym.
Various types of digital goods can be "tokenized". For example, works of art, items in the game, as well as frames or videos from a live broadcast, etc. Although the NFT that transfers ownership is added to the block chain, the file size of the digital element does not matter as long as it remains separate from the block chain.
Depending on the NFT, there may be no copyright or license rights on purchase, but this is not necessarily the case. Just like buying a limited edition print does not necessarily give you exclusive rights to the image.
As the underlying technology and concept develops, NFTs may have many potential applications beyond the art world.
How to make money on NFT games?
So, now that we have figured out what NFT is, let's move on to games. NFT games are essentially regular computer games that you play and receive digital items. They can be traded with other players for profit. NFT games can have items found during the game or your character and even avatars. The newer "play to earn" model also allows you to earn income from NFT games.
What are NFT games for making money?
NFT games for earnings provide an opportunity to earn income by playing. Usually the player is rewarded with tokens and sometimes NFTs. The longer you play, the more you earn. Earned tokens are often needed during the game creation process.
In simple terms, you just play computer games and you can get paid for it. And unlike various sites for making money, where you get paid pennies for simple actions, NFT games can bring quite decent money.
The best NFT games
Let's take a look at the most popular games that can bring the maximum income:
NFT games without investments: Axie Infinity
Blockchain-based Axie Infinity game. In this game, players breed monsters and then have battles between them. These monsters are called Axies. For the battle won, the player receives in-game currency. It is called the little love potion. In addition, this currency can be exchanged for real money.
Splinterlands is a decentralized digital trading card game. It is also built on blockchain technology and was created in 2018. The game offers players a lot of gaming activities. Anyone can participate in them, and for the victory you get rewards. There are several forms of gameplay. For example, quests, rating game and tournaments.
Gods Unchained is an online strategy card game based on the "play to earn" model. Her trading cards are NFTs with real value. They are based on their own GODS token. Rare cards have a unique real value. They can be sold and exchanged for paper money.
Lost Relics is an action-adventure RPG powered by blockchain technology. In addition to the possible rewards for the blockchain, you can also cook, fish, and so on. Also here you can buy and sell game items, defeat enemies or rob. These are just a few of the things you can do. Fans of this genre will definitely appreciate this game.
The Six Dragons
Six Dragons is a 256 km2 multi-functional open-world fantasy RPG . Here you will find endless adventures and epic battles. Players can explore endless lands and collect valuable materials. In addition, you can craft over 300 unique items in the game, trade items with other players, and upgrade your arsenal with powerful enchantments.
Decentraland is software powered by Ethereum that aims to incentivize a global network of users to manage a shared virtual world.
Decentraland users can buy and sell digital real estate while exploring, interacting and playing games in this virtual world. Over time, the platform has evolved to enable interactive applications, internal payments, and peer-to-peer communication for users.
9 Lives Arena
9 Lives Arena is a one-on-one PvP skill-based competitive online RPG with constant death, constant progress, resource gathering, item crafting and the world's first online (offline) companion, Ooogy, which works for you 24/7.
Neon District is a cyberpunk RPG and flagship franchise developed by Blockade Games. Using the latest decentralized technology, players fight to earn in-game items.
The first MMO game about earning cryptocurrency and blowing up cars. Players can create their own war machines from scratch with custom logos.
Somnium Space is a virtual reality world creation platform founded in 2017. It supports offline ownership and real estate trading in virtual reality, making it a direct competitor to platforms like Decentraland or even Second Life. Somnium Space is built on blockchain architecture and has its own in-app currency.
How much can you earn playing NFT games?
Now let's talk with you about how much you can earn by playing these games. Of course, the main thing that will bring money is tokens and the cryptocurrency that you earn during the game. Then it can be converted into real money. Therefore, earnings will depend on many factors. First, the number of tokens earned. Secondly, their cost. In addition, do not forget that this cost will change. It's like in the securities market, today they are more expensive, and tomorrow they may fall in price.
However, despite this, many argue that playing NFT games can earn $100 a day. Of course, most likely this will not happen on the first day after registration in any game. However, over time it is quite possible that you will be able to reach this level.
The world has changed a lot in the last decade. There are new professions, remote work and many ways to make money on the Internet. One of these are NFT games, and today this direction is considered to be a trend. Of course, you should not think that everything is so simple here and money will pour from the ceiling. However, if you are looking for a money-oriented, promising direction, and also love computer games, then why not give it a try. Who knows, it is quite possible that you will succeed and you will earn quite decent money on it.
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