A non-fungible token, or NFT, is something that can never be replaced. It means that it has no duplicates. Today, people are playing games to earn NFTs. The question is, how do you earn money from it? To get to the answer, we must first understand how it all works.
What are NFTs?
An excellent example of an NFT is a baseball card that has no duplicate. We can also use basketball cards as an example. Back in the days when there was no internet, people bought these cards and kept them. In time, the demand for this single card got so high that the owner could sell it for a lot of money.
Today, these NFTs are digital. When people talk about NFTs, they refer to digital tokens that have no duplicates. It is a part of the Ethereum blockchain, and the blockchain supports the NFT infrastructure.
So, what is an NFT that you can buy? There are many NFTs out there, and some examples are drawings and music, but mostly digital art. Some even download their brains to an AI. Currently, most NFTs are leaning towards fine art.
How do you make money with games?
How does the NFT tie-up with the gaming industry? You can acquire NFTs by buying them, winning them or receiving them as a gift from a friend. Games now use them as rewards.
You make money while playing NFT games based on the play-to-earn model. Most of the games are free, and then you receive NFTs. Then, you can sell them in NFT markets.
One example of this game is Sandbox. It is a virtual world where people build a platform to earn and make money. New players get a free NFT by creating an account.
In short, you play the game, and if you work hard enough, you get rewarded with a non-fungible token. You own this NFT, and you can keep it if you want. If you want to convert it to money, you can sell the items. Selling the NFTs is what people call Staking.
Another example is Decentraland. Here, you can earn virtual land. The most famous case of making money for it was a case where someone sold the virtual land for $1.3 million.
Games like this, of course, have high-level security. The facilitators or operators store data and use high-grade security infrastructure, similar to what is used at online casino Canada sites.
What are the top NFT games?
To help you get started, here are some of the best NFT games that you must try out.
1. Axie Infinity
At the moment, this game is probably the best and most popular. It is similar to Pokemon, where you collect fantasy monsters. You can breed or trade the monsters with other players. The monsters are the NFTs, and you can sell them in the marketplace.
2. Sorare
The game is based on fantasy football. What you need to do here is build a fantasy football team—you put together your favourite players, and then if you win, you get rewarded with NFTs.
What makes the game different is that instead of getting a random NFT, you see several of them, and then you get to pick which one you like.
3. Evolution Land
Like SimCity, this is a city builder game. You will buy land and buildings and then eventually expand your space. Each continent represents a blockchain. You need to find collectible items in the game, so it pretty much works like Pokemon, where you try to collect rare things.
4. Gods Unchained
Gods Unchained is a card-trading game. You get complete ownership of the items that you collect. If you get rare cards, you can build your deck, make it powerful and then sell the cards later on. The NFT in this game is the card.
5. Cryptokitties
This game is based on Ethereum. You will collect and breed various cats, and you will also solve some puzzles. As you solve these puzzles, you progress in the game. It is similar to Pokemon, but they only have cat characters here.
Is playing NFT games worth it?
Yes, of course, it is definitely worth it. You get to play and also have a chance to earn money. It is an excellent way to pass the time. If you play regular games on Xbox or Playstation, you use your time but never earn anything from it.
With NFT games, you get to enjoy the game and earn money for your time. If you buy the NFT, it also only needs time for its value to increase.
Think of NFTs as a digital way of collecting art. You will own that art, and if the time comes when there is a huge demand for it, you can sell it in the marketplace.
