Based on the uniqueness of cryptocurrency, the invention of Non-fungible tokens (NFTs) is another incredible innovation to know. NFT technology through best play to earn games is capable of reinventing and revitalizing the broader spectrum of finance and gaming entertainment. Since this invention was first introduced, it has continued to increase in popularity and bring about huge profits.
However, the most significant addition is the play to earn model in the gaming industry. However, there may still be many uncertainties that shroud the overall acceptance of this model. Some of the fundamental questions about best play to earn games may even include what exactly is an nft game or which nft games are worth investing in this year? Therefore, we are committed to bringing you a compilation of the top 5 NFT games that you can consider for investment. But let us start with the basics.
What is a Play-to-Earn NFT Game?
NFT refers to a particular category of games based on blockchain technology with perfect decentralization. The game design comprises in-game assets or collectibles with a digital value convertible to real-life value. As the players advance or accomplish one task in the game, they earn these digital assets as rewards. On the other hand, they may also buy these assets within the game environment or a third-party marketplace.
These digital collectibles are also sellable on the digital platform, while players can otherwise buy them from the marketplace. The currency for buying or selling any of these digital assets is the cryptocurrency upon which the game is based. For instance, the Axie Infinity is based on the Ethereum network. Therefore, the in-game assets are digitally crafted in ETH value and can be sold or bought in-game or through the marketplace.
Similarly, many games have been designed to run on the Ethereum Blockchain technology or the Binance Smart Chain (BCS). Therefore, when attempting to play any of these games, you will have to possess a trading wallet and a substantial amount of ETH or BNB coins. Otherwise, you may first have to buy them using a fiat currency and save them inside the digital wallets from which you can make the initial deposit to start playing the game.
Apart from the foundational structure of playing these games, it also has a tokenization mechanism. This mechanism serves as an extra incentive in the NFT game. As a result, each NFT game possesses its central token that becomes a medium of interaction and transaction in the platform environment. It also creates a rewarding system for completing tasks or winning battles and conquests.
Meanwhile, trading NFT assets is not the only way to earn money from these NFT games. At the same time, the players can begin to get the designated rewards for completing specific tasks or missions depending on the game theme. When you earn the rewards in digital currency, you can convert them to fiat currency by selling in the marketplace through digital means.
Types of NFT Games in the Market
There are two types of NFT games available in the market for any game lover. They are the click-to-earn and the play-to-earn games. Note that both gaming models can make money from the game player using the NFT technology. All you have to do is to take some time to pick the one that works best for you based on different factors and proceed. For instance, you may choose a particular model because of your level of gaming experience or initial financial budget. Let us try to describe each one for a clearer picture of what we mean.
You may have encountered one or more of these game types, but you don’t know what they are called. The click-to-earn gaming model for NFT games requires busy players only to do a few clicks. Afterward, the game plays itself with the set characters and their in-game attributes and values. This game can also be perfect for new game lovers who have primitive gaming skills. At the same time, the only thing a player needs to do is open up the screen, click a few places and get the reward after successful completion.
The other option is the play-to-earn game, which is the direct opposite of the click-to-earn games. In this wise, the players are the ones that control every process of gameplay in this model. Therefore, it takes the player’s control for the game to progress until it gets to the point of being rewarded. Without the automation of this gaming system, it is nearly impossible to proceed with the game, and it may outrightly come to a halt.
What is NFT?
NFT stands for non-fungible tokens; a digital currency used to represent the ownership of various digital assets. This uniqueness and the rarity enhance the value of these tokens in the market. In addition, NFTs cannot be duplicated, copied, or centralized on blockchain technology. Anyone who possesses this type of asset can exchange the owned assets or trade them in the marketplace.
On the other hand, the NFT game contains these assets that are easy to maintain on a tracking system for ownership. Even if a new NFT was created from existing ones, it is still impossible for the new owner to claim ownership of the first one. If you desire to learn more about NFT games, you should ponder the concept of buying lands and getting a certificate of ownership of the property. While cryptocurrencies are fungible, the NFTs are not.
By implication, the NFT cannot be exchanged for another one. for instance, the crypto space with coins works so that if an owner lends another person about 500 ZMT, the repayment can also only be in the same ZMT value of any type but the same amount. On the other hand, the NFTs are different and are not comparable to tangible life assets like houses or cars. For example, if someone lends you a car, he cannot return another car even if it is the same model and type. He will have to bring you precisely the same car, not a similar or better version.
This article has discussed some peculiarities of having play-to-earn NFT games that are of immense value. It also educates you on the value of an NFT and how to trade with it for profits.