The Blockchain community is growing at an incredible pace, and you can see people eager to know about crypto and blockchain recently. Non-Fungible Token minted on the blockchain is getting momentous attention globally. Since its emergence, NFTs have been evolving and trying to reach their fullest potential soon. The impact of blockchain is so huge that people even left their daily jobs to concentrate on Play to earn NFT games developed on the blockchain. Sounds insane? With that and the world getting close to the blockchain, NFT gaming marketplaces are now getting the attention of the blockchain community. Here is everything you need to know about NFT gaming platforms before it’s too late.
Play to earn NFT Games
So did people leave their day job to play games, and those games pay them more than what they earn from their day jobs? This might be running on your mind since you started reading this. Yes! People did leave their day jobs. A survey reported that 1 in 3 people in the Philippines and Vietnam would quit their professional jobs to play NFT games. Axie Infinity, the most popular play to earn the NFT game, earned $1.3 billion. The game helped several gamers to make a living and feed their families during the pandemic. The NFT gaming community started growing, creating a demand for new NFT games.
Play-to-earn NFT games are games where the players earn digital cash or cryptos while playing. The only investment they make is their time and commitment. To make it simple, the more you play the more you earn.
P2E or Play-to-earn games are getting mainstream slowly. Playing NFT games is just like playing other games you play. The in-game items like accessories, weapons, skins, avatars, and others will be in the form of NFTs minted on the blockchain. They give you an exclusive right to the in-game asset you buy. So next time when you feel you don’t need this item anymore, you can sell them on the NFT gaming marketplace and get your money back. If the price is higher than the price when you bought them, you get even more than what you paid. P2E games help you to earn in many other ways.
- One, NFT games have their in-game cryptocurrency or token through which you will have to buy gaming items from the platform. When the demand for this currency is high, the value automatically increases, which in turn helps in trading them form a higher price through specified crypto exchanges
- Two, Winning battles or wars or anything you win, you will be rewarded with the in-game currency. You can either use them to buy items on the platform. You can even exchange them for cryptocurrency or fiat currency and make money.
- Three, you buy an item, and in time you raise the level of the item by upgrading it, and the value of the item increases. When you sell them again on the marketplace, you have a chance to sell them for a higher price.
NFT games making the change
When you search for NFT games, you will get only a few, like Cryptokitties and Etrheria, back in 2015. But now, many games are coming out now with the blockchain background using NFTs. Many games are generating enormous revenue and helping people to have fun and earn as well. Some mind-blowing games come with fun and money. Axie Infinity, Splinterlands, Thetan arena, Illuvium, and more are generating revenue in millions inviting gamers to enter the blockchain world.
One big change that is expected and slowly getting implemented in these NFT games is the Metaverse. The digital realm where you can co-exist in the form of a 3-dimensional avatar. You can do everything you do in the real world digitally, which will be the future of the internet soon. As a starter, NFT games are getting implemented in Metaverse, giving a fun-loving experience for the players.
NFTs are giving new definitions to own assets digitally, making them suitable for every industry. With further use cases emerging for NFTs, NFT games are gaining the utmost popularity among the blockchain community. NFT gaming marketplaces, on the other hand, give life to trade game-based NFTs exclusively. The growing crypto user base expects more P2E games this year.