It’s probably not the first time that you’ve heard about how some people are earning money from playing games. This is something not new especially today when people enjoy backseat gaming or watching gamers stream their playthroughs and earn money from it. These days, there is another gaming trend that people are talking about and it’s not about becoming a streamer to earn money from deals and donations but about earning money from playing games even without streaming them.
Back then, the idea of Play-to-earn (P2E) games sounded more like a scam but today’s innovations have made this gaming scheme realistic. You can always go on websites like 24kcasino to earn money while playing games. However, casino gaming may not be for everyone and some gamers can get easily tired of playing slots and table games like poker, blackjack, or roulette. This is where playing NFT games can come in handy.
NFT Gaming and How it Works
NFT stands for non-fungible tokens and this has become a terminology commonly used by cryptocurrency holders and enthusiasts. An NFT is a unique digital collectible on the blockchain. It’s basically a digital asset that no one else could earn or get unless you sell it. And so, when it comes to gaming, NFTs are represented as the characters, consumables, and other tradeable items in the game.
Think of your character skins and items in games like Fortnite or Call of Duty and give each of them an actual value. These traditional games don’t really allow the players to sell or trade these items for fiat currencies but in the world of NFT games, you’re completely free to do so. However, you can only use cryptocurrencies which you can eventually trade for a fiat currency.
One of the popular NFT games right now is an online card game called Splinterlands. Card games suit the NFT world so well because these cards can be considered an asset. Think of popular card games like Digimon or Yu-Gi-Oh. You can buy these cards from a shop and eventually sell them especially if you have rare ones.
In Splinterlands, you get to buy, sell, and even rent out digital cards that you and other players can use to get into ranked battles. Winning a rank battle could also let players earn an in-game currency called Dark Energy Crystals (DEC) which also has real value. Currently, the DEC value is still less than a dollar but that’s how the game works. You have to grind to earn more.
It’s worth pointing out that players who are now earning a decent amount of money from this game have also spent money to invest in it. And so, technically, it’s similar to playing real money games on USA online casinos, but NFT games can almost guarantee profits. How much money will be earned is mainly in the players’ hands.
In this game alone, there are multiple ways to earn money. Players can start with buying a spellbook that allows them to go on ranked battles with DEC rewards. You don’t have to spend money on cards right away because the game has free cards that you do not own but can still use for battles. If you want a better chance of winning these battles, you can then go to the game’s market and buy cards from other players.
Aside from directly buying cards, another way of obtaining them is through buying game packs that will give you random cards. It has the same notion of loot boxes in traditional games. The packs may or may not contain good cards but at least you own them. Whether it’s a good or bad card, it’s something you can sell or rent out to other players.
Looking Forward
Other popular NFT games right now are Axie Infinity, Sandbox, Cryptokitties, and Lost Relics. These games have different rules and opportunities for people to earn money. The only common ground here is that you need to keep on playing to earn more. It’s kind of like starting your own business because you will need capital and spend a lot of time and effort on it before you can start making profits.
Currently, NFT games are only popular in certain countries but many are saying that NFTs are the future of digital entertainment. It’s the same with how many people are also saying that cryptocurrencies are the future of transactions. If this happens, then NFTs will definitely boom and more people will invest in digital assets. NFT games are doing great and more titles are to be released in the coming years. We can only expect that more people will hop on this trend.
