The impressively fast growth of the online community and industry of NFTs, or non-fungible tokens, has taken the world by storm. As more NFT collections are designed, promoted, and released to the world, millions of investors and interested patrons are beginning to join in to see what all of the buzz is about. For those who are already into the NFT subculture, you may be familiar with NFT games play to earn that already exist. NFT play-to-earn games are a new concept to some, but they are extremely promising for those who wish to become actively engaged with how the NFT industry is shaped and evolves.
What Does the NFT Play-to-Earn Conception Stand For?
The concept of an NFT play-to-earn game provides regular crypto and NFT users with an opportunity to earn real-life money or an income stream in the form of cryptocurrency. NFT games typically offer players the opportunity to invest in rare or buildable characters that can be bred or customized only by that player in the future (adding value to the NFT itself). When users choose to join in on an NFT play-to-earn game, they can earn valuable tokens or sell tokens, later on, to generate income with various cryptocurrencies in the digital space.
How Do Play-to-Earn Games Work?
NFT games are all built separately by different creative teams, developers, and programmers. This means, no one NFT game is likely to be exactly the same as another. However, many NFT games include similar features and ways in which players can earn cryptocurrency for their time and money in real-time with the use of their NFT games, collectibles, and community. Knowing how to earn cryptocurrency or other forms of value with the use of NFT games is the first step to truly aligning yourself in the NFT world that exists today.
When immersing yourself in an NFT play to earn game, you can expect to earn in the following ways:
- Rewards: Some NFT games and communities provide rewards for interactions such as simply engaging with others or investing in NFT collectibles.
- In-game purchases: Making purchases inside of an NFT community is also possible and a way to boost your own earnings and recognition within the subculture. Purchasing NFTs and other items within an NFT community is often done via the blockchain market, providing you with a safe and secure method of completing transactions while doing so anonymously.
- Creating characters: One of the more unique concepts that is used in NFT play to earn games is the ability to create and/or breed existing characters, items, and objects. Breeding and creating new versions of characters with uniquely generated NFTs allows players the ability to truly create something of their own. By investing in base characters and rare collectibles, players have the opportunity to generate unique NFTs that cannot be found anywhere else, thus increasing the overall value of the created NFT as well as the original NFTs that were used to cross-breed or create newly generated outputs.
Best NFT Play-to-Earn Games
Finding the best NFT games in development may be subjective, but there are a few NFT collections and games that truly stand out among the rest (so far). However, there are a few NFT games that currently exist that are not only buzzworthy but also provide plenty of ways for players to earn and create on their own. Some of our favorite NFT play to earn games in 2022 include:
Axie Infinity is an NFT game that allows players the ability to collect and invest in digital pets, which can be cared for, raised, and trained. Games such as Axie Infinity are quickly catching on and growing, especially with the similar features of the classic Pokemon series. The model of Axie Infinity is a play-to-earn model, requiring at least 3 Axis from each player in order to begin playing the game. Currently, Axie Infinity is worth an estimated $834 million as of 2022.
The SandBox 3D
If you have a creative mind and enjoy making your very own unique digital assets, The SandBox 3D may be the perfect NFT community for you. Based on Ethereum, users have the ability to freely join The SandBox 3D to begin creating and marketing their own digital assets, which can then be incorporated or sold in the game itself to other Sandbox 3D players.
For those who enjoy traditional trading card games but want to transition into the NFT world while playing, Gods Unchained is a great community to begin with, especially if you are just getting started with NFTs. Ethereum is responsible for powering Gods Unchained, and the game itself is free-to-play, even for those who are beginners. Players have the ability to play against one another or opt to build their character’s strengths and abilities through trading and a robust rewards system.
Future of Play-to-Earn Model in the Gaming Industry
Once you understand the basics of what is NFT game, you can then immerse yourself even more into what the industry has to offer in terms of rewards, earnings, and your own personal investments. The future of the play-to-earn model in the gaming industry looks promising, especially as millions of people from around the world now have access to a wide range of cryptocurrencies, even if they do not have much access to standard fiat currencies in their own region. As the world of NFTs continues to expand and scale, it is likely that we will see even more interactive and engaging game solutions and communities for players of all ages.
Understanding the world of NFTs, NFT games, and the play-to-earn model is essential whether you are thinking of launching an NFT collection of your own or if you are looking for a way to grow your current NFT and crypto investments. The more engaged and immersed you become in an NFT project, the easier it is to achieve goals in terms of generating a real-life profit with tokens and other collectible NFT assets.