NFT can be treated differently: some consider it a banal swindle of gullible fools, while others see the future in non-fungible tokens. One way or another, you can make good money on NFT, and today we want to talk about such a phenomenon as NFT games. In the end, not everyone is given to create something of their own, but even monkeys can play.
What are NFT games and how can you earn money on them? Let's figure it out!
What are NFT games?
Blockchain itself entered the gaming industry back in 2014, but only with the advent of NFT, it became possible to create games in which users can be not just players, but also owners of gameplay elements - characters, objects, and locations.
The pioneer in 2017 was the legendary CryptoKitties project. NFT kittens, which could be bred not only for fun but also for sale, showed the prospect of market development - the price of rare tokens reached several tens of thousands of dollars. Before that, players were more accustomed to spending rather than earning on games.
In 2021, against the backdrop of the popularity of Axie Infinity, the general public learned about NFT games. Users were surprised to discover that they can play computer games not for the sake of the process itself, but for the sake of earning.
The basic mechanism behind most of the game is simple. You play and “evolve”, thereby increasing the value of your asset. In most NFT games, you will first need to purchase in-game tokens and you will have to pay for most upgrades, but in some places you can start without investment - by subscribing to the social networks of the game, inviting a couple of friends, and so on. The mechanics are very clear.
In fact, game tokens are an investment, and gamification simply adds excitement to the earning process (although much more). If the game is hypanet, then the value of your asset will increase. For example, the most expensive monster from the already mentioned Axie Infinity was sold for a “modest” $1,076,100. Yes, that's right - more than a million dollars for the character of the game.
Market outlook for NFT games
Giving forecasts is a thankless task, so we will just talk about industry trends, and you will draw your own conclusions.
The NFT games market is growing exponentially, and not only crypto enthusiasts are interested in it: already now the leaders of the “traditional” game industry are changing the mechanics of their popular products in order to introduce tokens into them. Although it's not that easy - not from a technical point of view, of course. For example, the developers of STALKER-2 intended to add NFT, but under the pressure of outraged fans just a week ago abandoned this idea.
On the other hand, the crypto industry is only growing, and the Game Finance segment in general and NFT games, in particular, give access to crypto to the general public, which can serve as a mutual growth catalyst.
Already, NFT games are turning from entertainment into a way to make real money. Let's take for example the same Axie Infinity. Increasingly, cases appear on the Web in which ordinary users quit their jobs and live off in-game income. The trend is especially developed in Southeast Asia. So, with an active daily game, the user's monthly income is $ 500-1000 - the money, frankly, is not big, but it is earned effortlessly ...
In general, game tokens are able to bring a good profit during the period of popularity of the game, but they are still doubtful as a long-term asset. The main reasons are the monotony of the gameplay and low involvement: compared to “classic” games like WoW, Fortnite or WoT, which can be played for years, interest in NFT games is quickly waning. And with the fall in popularity, the value of assets will plummet.
How to make money on NFT games without investments?
We will leave the option of developing games or drawing characters for now. Instead, let's see how a simple user can earn his penny. The easiest way to do this is by analyzing the mechanics of specific games.
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