What is an NFT or Play-to-earn game?

An NFT game is a video game where some of its parts is an NFT . Normally the characters, but it can also be the weapons, the house where you live, household objects, vehicles, etc. NFT Development services That is, you buy that NFT with money , and it is unique within the game. There may be millions of characters or weapons, but each one has something unique and cannot be copied or falsified, because it is encrypted within a chain of blocks or blockchain, usually that of Ethereum.

your own cryptocurrency Another feature of NFT games is that you don’t buy those NFT items with real money. You have to buy them with your own cryptocurrency.

This forces you to use a cryptocurrency exchange service , which charges a commission, to buy the cryptocurrency used by the game with real money, and with it buy the character or NFT object that you are going to use.

NFT game

The more popular the game, the more people will play it and buy NFTs, and with it the value of your cryptocurrency will rise. In the same way, if a game loses interest or never catches up, the NFTs or cryptocurrencies you have will be worthless, and you will have lost what you invested.

Why are NFT games also called Play-to-Earn or Play to Earn Money ?

Because by defeating certain enemies, completing missions or fulfilling certain requirements, you earn in-game cryptocurrencies , which you can exchange for real money on the exchange platform. Also, if you have a very rare and valuable NFT item, or have upgraded your NFT character a lot by leveling it up, since it is unique, you can sell it for a lot of money. So literally by playing you can win real money . But you can also lose everything you earned or invested, as we are going to see. now everything fits We already have the concepts clear: an NFT game is a game that has unique characters or objects, in NFT format, that are purchased with their own cryptocurrency, which costs real money. By playing you upgrade those NFTs, which you can then sell for more expensive. You also earn cryptocurrencies for fulfilling game objectives. All of that can be converted into real money.

The first NFT games were born in 2012 , although the “boom” occurred in 2017. They created so much expectation that many gamers came to earn thousands of euros a month, simply by playing. That expectation is maintained with the future games announced, reaching levels of authentic madness. For example, a gamer has paid $600,000 for a yacht NFT in a Minecraft-type game called The Sandbox… which doesn’t exist yet.

Requirements to play an NFT game

The first thing we need is a wallet to store the cryptocurrencies that we earn or use to buy NFTs from the game. Most gamers use digital wallets, which only requires creating an account to maintain it. NFT Development company The most popular of all is Metamask , but any other is fine. You can even use physical wallets , more secure. They store your crypto without being connected to the internet, so they can’t be hacked:

Cryptocurrency hardware wallet to cold store dozens of cryptocurrencies like Bitcoin, Ethereum, ERC20 and many more.

Next you need to create an account on an exchange or trading platform . It is used to buy with real money the cryptocurrency used by the game in question. Just as important, it is used to sell said cryptos that you earn in the game, and get real money.

So you have to make sure that said exchange accepts the crypto you need . cryptocurrency exchange Next you must buy cryptocurrencies from the game, and with them acquire the NFTs you want. Some games require you to purchase certain characters or NFT items in order to play. Others don’t. As you play, if you are good you will earn crypto that you will keep in your wallet , and you can exchange for real money on the exchange. The NFTs can be sold to another player through the game itself.

The most popular NFT games

Let’s take a look at some of the most played and profitable NFT games. They are usually available for both computers and mobile phones and tablets.

Axie Infinity

It is the most popular NFT game of all . It uses the Ethreum blockchain. It currently has 250,000 always active players. Although it has been created in Vietnam, behind it are companies like Ubisoft and Samsung. It is a kind of Pokémon where you buy a unique NFT creature, which improves its statistics and abilities as you win battles. They can also be bred and traded.

Since you can only win fights with powerful axies, there are people who pay thousands of euros for an axie that can win battles. To play you must buy three axies. In the market they can be obtained for 10 or 15 euros each, but it will cost you a lot to level up and win battles, since the average cost of an Axie is 300 euros.

Thetan Sand

NFT game Multiplayer game with Battle Royale and MOBA modes . You can earn money without buying NFTs, but it is much more complicated.

Sorare

It is a soccer game where the soccer players are NFTs. You can improve their stats by training and playing matches, and then sell them for more money than they cost you.

CryptoKitties

It was one of the first NFT experiments, although it has gone down quite a bit now. It is about breeding cats and crossing them with each other to obtain unique characteristics . There are also mini games with puzzles and adventure.

Uplands

Upland is like Facebook’s metaverse, but years in advance.You buy virtual properties such as NFTs associated with the real world and set up businesses in them, to earn crypto. Then you sell your improved properties, to earn money.

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