NFT Games: The author’s telegram channel AbmaCrypto is in touch. Today we will comprehend the critical bearing in the advancement of digital currencies for 2022 – crypto games. We will discuss games with the amazing chance to procure – Play-to-Earn games.
This is the publicity that has come to us from 2021 and stays critical. The media headlines keep screaming about the opportunity to earn hundreds of dollars a day playing games. Regardless of how astounding it might sound for a diligent employee in a production line, it is valid. Or not?
What is NFT
NFT (non-fungible token) is a non-fungible token based on the blockchain. The eccentricity is that it is one of a kind and has no analogs. This is more similar to carefully assembled things, every one of which can be basically the same as the past one, yet won’t ever rehash it. NFTs are remarkable, can’t be forged, and can’t be taken.
This property of NFT has made it an optimal instrument for digitizing workmanship objects – artworks, music, recordings. NFT workmanship has ended up being ridiculously famous and can regularly be heard being sold for a huge number of dollars. The promotion around such workmanship objects started the previous spring when one craftsmanship was sold for $69 million.
But more often than not, NFT wealth is a story that does not take into account the “survivor fallacy”. After stories about pictures that sell for millions of dollars, many users have the idea to repeat the success and create their own NFTs. But making money on NFTs is much more difficult than it seems.
To sell your NFT for a lot of money, you need to pay attention to the promotion of the token, stand out from the competition, invest thousands, or even tens of thousands of dollars. The chance of getting burned is extremely high, so don’t rush to create your own NFT art.
Let’s better talk about NFT games that also allow you to earn money, but have a lower entry threshold for hunters for easy money
A few introductory
GameFi (game finance) is the realm of games with an economy. Such games allow you to earn money by working on the Play-to-Earn concept. The idea to earn and monetize your gaming experience appeared a long time ago, but it has become especially popular in recent years. Every day there are more and more NFT games that provide an opportunity to earn
A few more introductions
Play to Earn is a concept that allows you to earn money by playing computer or mobile games. In crypto games, this is most often the native cryptocurrency and game items. Cryptocurrency can be exchanged on a crypto exchange (for example, Binance), and game items can be sold on
Pay to Win is another concept. It means that in the game there is an opportunity to donate and get advantages over other players. For example, buy cool equipment, weapons, or local currency
Many crypto games work by combining both of these concepts. This means that you need to invest money before you can play and earn. In addition, without donations, you can constantly lose, and this is at least annoying.
But there are crypto games that do not require investments from you, or investments in them are minimal. We will also talk about them.
What is the role of NFT in crypto games?
NFT in games can be anything – a character, weapons, appearance, game elements, cards, etc. They can give you bonuses during the game, you become cooler, stronger, more efficient. Or it can be just a visual effect that does not give you any in-game bonuses but makes you stand out from the rest of the players.
NFTs that give bonuses can be compared to premium tanks in World of Tanks.
And NFTs, which don’t give such goodies – with gear in CS: GO, or DotA.
By the way, if you compare it with CS or DotA, then buying NFT is very similar to buying gear in Steam. For example, this is how one of the popular NFT marketplaces looks like
To work specifically with this marketplace, you need a WAX wallet, but you can also store NFTs on regular crypto wallets. Let’s figure it out.
How to Transfer and Store NFTs
The best way to store your NFTs is to use a cryptocurrency wallet like MetaMask or Trust Wallet. The main rule is that the wallet must support the NFT blockchain (the one on which this NFT is created).
Remember that NFT is the same token as any other cryptocurrency. It is unique and exists only in the blockchain in which it was created. Many NFT games are currently running on BSC and ETH networks, but other blockchains are also actively developing – WAX, Cardano, Polygon, SOL
Important: since transactions must take place on the same blockchain in order not to lose your NFTs, it is best to use the wallets recommended by the crypto game itself.
In this case, you will have access to their FAQ, as well as the ability to do everything step by step, avoiding mistakes.