At a time when the crypto-market is undergoing global expansion, the non-fungible tokens (NFTs) sector is also gathering intrigue. Built on blockchain technology, NFTs are virtual representations of real-life objects such as video games, songs and paintings along with other goods – which hold real monetary value and can be purchased using cryptocurrencies. The NFT sector has, in recent times, made its way into the multi-billion dollar gaming industry, leading to the creation of – NFT Games. Some of these games actually reward players with valuable crypto-assets.
These games have tokenized in-game assets from which players can collect them. non-fungible tokens (NFTs). To help gamers earn money for playing, NFT games allow players to deposit and trade playable characters, weapons, vehicles and other in-game assets as NFTs. Depending on the rules of each game, players can either sell their NFTs for a profit, or deposit them until they receive crypto rewards from the game without giving up their assets.
Gaming as well as people leaning towards crypto space are getting into the NFT gaming vibe.
For example, Sky Mavin, the Vietnamese parent of the NFT game “Axi Infinity”, has reached a market valuation of around $3 billion (about Rs 22,377 crore) in recent times. In addition, native Ethereum Axi Infinity Game’s blockchain-based crypto token named “AXS” touched an all-time high of over $155 (approximately Rs.11,500) on October 4.
Here are five games you can play to earn cryptocurrency
god freed: Launched in September 2020, it is a free-to-play card game that combines NFT components with traditional card trading games. Players have to get higher ranking cards from other players by winning matches.
The high quality cards can then be traded for cryptocurrencies on the platform’s marketplace. The game is built on the Ethereum blockchain, so players complete a transaction of Ether.
so rare: The same goes for the football fans out there. Sorare is a fantasy soccer game where players buy, sell, trade and manage a virtual team. The game represents players through digital cards built on the Ethereum blockchain.
Players can earn cash or ether crypto by forming a team using football player cards and participating in competitions. Ether tokens are given to players as rewards in this game developed in 2018. Ether is the second most valuable cryptocurrency in the world.
development land: This is a new world game consisting of 26 continents consisting of the elements of land, fire, gold, water, wood and silicon. Players get to engage in activities like construction, mining, science in a player-versus-player format. Players are required to send, receive and manage crypto assets from other players as well as create crypto wallets in the form of game rewards.
F1 Delta Time: Ethereum blockchain-based car racing game where players need to collect cars, drivers, components and trinkets as fungable tokens – which are small, divisible tokens that can be used to create large crypto amounts . Components of the game can also be sold as NFTs – which can be held or sold at Ether denominations.
jade run: This is a horse riding NFT game, where players need to buy NFT cards of a horse of their choice. Upon completing the race, players can earn substantial profits by trading their NFTs for cryptocurrencies.
What is expected from the NFT gaming sector to grow With the crypto and traditional gaming and e-gaming industries.
According to Research Platform Statista, the global gaming market will be worth around $200 billion (approximately Rs 14,94,768 crore) by 2023. The total capitalization of the NFT market, meanwhile, reached a value of more than $22 billion in 2021.