It is safe to say that a growing number of gamers around the world, as well as gaming industry investors and experts are keeping tabs on NFT gaming. With the mountain of possibilities and benefits in the sphere, you will likely want to pay attention to this one.
Albeit a relatively new thing to the industry, NFT gaming has already built a strong base of casual and professional supporters, with more and more gamers turning to this growing gaming concept that provides them the opportunity to earn money as they enjoy a game.
Take SolChicks for example. This is a perfect illustration of NFT gaming, one that gives you a stellar intergalactic and fantasy battle gameplay experience, all the while easily proving the point that play-to-earn gaming is a serious business model for earning serious gaming money.
How NFT gaming works
To fully grasp what it is that makes NFT gaming such a popular, desirable, and interesting concept, it is necessary to cover the basics behind this growing category of the gaming world.
For the most part, these games might just feel like your usual, well-known non-NFT video game, meaning that the adaptation to this style of gaming won’t give you a big headache. Quite the opposite, it will provide a substantial amount of fun, earning, and new experiences.
Games running on the non-fungible token wave use blockchain technology for several reasons, including the trace of asset ownership, security of said assets (note that this data on the blockchain can’t be altered), as well as for decentralization.
Are NFT games profitable?
Yes, the new blockchain-driven gaming sphere will give you the chance to earn money. The money-earning process relies on the gamer’s ability to collect and obtain different in-game items, such as characters, skins, various objects, vehicles, XP, and more.
Not only this, but gamers enjoy the vast opportunities to get rewards in the shape of in-game items and tokens. All of this can be put up to an NFT marketplace and sold or traded for profit in cryptocurrencies, which can later be exchanged for typical currencies.
You will be happy to find out that there are plenty of free-to-play NFT games on the market. With the new economy of gaming opening up, you will want to pay close attention.
Ways to earn money with NFT games
By now, we have established that earning is real and that it comes in a variety of forms. So, what are the different active and passive ways you too can tap into this opportunity?
- Token sales – Many NFT games have in-game tokens of their own. By collecting them over time, you can do more than just hold onto them or spend them playing. An alternative option would be to exchange these tokens for cryptocurrency and, voila, you’re on the horse already.
- Items sales – As you play the game, you will get a hold of different NFT items. Putting these items up to an NFT marketplace of your choice is the most common way to earn a profit from this gaming sphere. Think of rarity, unique specs, and difficult items to get.
Selling them off for crypto sounds like a long shot? Just remember all of the times you were willing to get your wallet out for something you needed in the game that was a bit tough to get a hold on.
- Rent-to-earn – Although only a few years on the market, this option exists too. If you do not want to actively play a game, you can still make money off of it by owning different NFT items and renting them over. Keep in mind that this is a new trend, but more and more players are showing an interest in renting.
With all of these and many more developing chances to turn your gaming activity into an income, we are sure you will enjoy the game and the balance in your wallet.