The gaming industry has been transformed by the emergence of NFT games, which allow players to earn real-world value through their in-game activities. At the heart of this new gaming model are non-fungible tokens (NFTs), unique digital assets changing how we think about ownership and value in the virtual world.
But what are NFTs, and how do they fit into this new gaming revolution? NFTs are digital assets verified on a blockchain, providing proof of ownership and authenticity. They can represent various virtual items, from art and music to gaming characters and weapons.
In play-to-earn games, NFTs provide players a way to earn real-world value for their in-game achievements. By participating in in-game activities and obtaining NFTs, players can trade or sell their digital assets on various marketplaces, unlocking a new world of economic opportunity in the gaming industry.
Depending on the game, players can earn NFTs through various means and sell them on an NFT marketplace for cryptocurrency. This dynamic between entertainment and income has changed the gaming landscape, attracting millions of players looking to make money from casual gaming.
Today, Axie Infinity and Splinterlands are some of the best play-to-earn games in the USA, but several others are arriving on the scene and populating different platforms.
Let us explore the fantastic world of NFT gaming, find out how to get started, and look at some interesting strategies you can use to profit from this trend.
How to Get NFTs in P2E Games
There are several ways to acquire NFTs in P2E games. Some of these include:
Game Play
The main method is simply playing the game. These games offer NFTs as rewards for completing in-game objectives, achieving certain milestones, or winning a contest or tournament. For example, in Axie Infinity, players can earn NFTs by breeding and battling their Axies.
NFT Trading
Another way to acquire NFTs in these games is by trading with other players. Many games have built-in marketplaces where players can buy and sell NFTs with each other. To trade NFTs with other players, you need an account on the game's marketplace and connect your wallet. Once you've set up your account, you can browse the available NFTs and make offers to other players.
When trading NFTs with other players, it's essential to do your research and make sure you are getting a fair deal. Look up the current market value of the NFT you are interested in and compare it to the asking price. You can also use tools like rarity calculators to determine the rarity and value of an NFT.
Purchasing NFTs
Finally, players can also purchase NFTs on external marketplaces. There are many online platforms that specialize in the buying and selling of NFTs, such as Kainu, OpenSea, and Rarible. These marketplaces offer a wide variety of NFTs from many different P2E games.
NFT Renting
This is a relatively new concept in the world of P2E gaming. It allows players to temporarily use NFTs they might not be able to afford outright. Renting NFTs can be particularly useful for players who want to try out a game or access certain features without making a large upfront investment.
Tips for Maximizing Earnings
If you want to maximize your earnings, it usually boils down to three key strategies.
- Pick the right game: The first step is choosing the right game for you. Not all NFT games offer the same rewards. Some might provide more rewards for certain activities than others. The value of the rewards also varies from game to game. Before playing, look into different games to see which offers the most lucrative rewards.
- Learning game mechanics: Once you've selected a suitable game, learning the game mechanics comes next. This means understanding how to earn rewards, what activities will yield the most, and which strategies you can use to maximize your earning potential. For instance, if you're playing a game where you earn rewards by completing tasks, prioritize the tasks that give out the highest rewards.
- Invest in the game: One way to maximize your earnings is by investing in the game itself. Most NFT games have some in-game currency or token that you can use to purchase unique items, power-ups, and other gaming advantages. Purchasing these in-game items can help you progress faster and improve your gaming experience, leading to higher rewards.
- Play regularly: Another way to maximize your earnings is by playing the game regularly. P2E games allow users to farm or collect crypto and NFTs that can be sold on the market. Regularly playing the game can earn you more items or tokens to sell and generate income. Some players have even begun to supplement or replace their salaries by playing these blockchain games.
Could Play-to-Earn Replace Employment?
In certain countries, P2E games like Axie Infinity already act as a second source of income for many people. Rising unemployment and global inflation are forcing people to find alternative means of income, and NFT games present unique opportunities for individuals out of work to make money.
While these games offer a new and exciting way for players to earn real-world rewards for their in-game activities, they may not necessarily replace employment but serve as a backup source of income or a side gig.
If you want to delve into the play-to-earn space, it is important to consider the game's mechanics and reward systems. Look for games that offer lucrative rewards for activities you enjoy and are good at. It would be best to consider the value of the game's rewards and how easy it is to cash out your earnings.
