If you still know nothing about NFT games, then you will definitely hear about them soon — NFT games are now developing along with crypto art, and users spend millions of dollars on in-game purchases. At the end of August 2021, the total amount of transactions in NFT games per month exceeded $820 million.
What Are NFT Games?
The main feature of crypto games is NFT objects, with the help of which users can earn cryptocurrency, and therefore real money. An NFT is a non-fungible token, a digital object that has a unique digital characteristic. They are bought for real money, since each of them is exclusive — no one else will own it.
To understand why people spend a lot of money on characters and various objects in NFT games, you can compare investing in this industry with buying a painting. When users buy NFT, they receive exclusive ownership of the art object, namely, a unique confirmation of the transaction — a digital token that has value. Today, this is no longer something surprising, digital art objects are equated to physical objects in their importance.
In NFT games, tokens are usually unique characters, each of which can be upgraded in order to be sold later on internal marketplaces. It looks like Pokemon, only in most cases there is an unlimited number of in-game characters. This was done in order to create characters with unusual characteristics. The more unique they are, the higher their future cost will be.
How to Make Money Playing NFT Games?
NFT games are an investment tool, an alternative to traditional ways of saving money. The simplest way of making money on such games is to buy an asset and sell it at a higher price after a while. In NFT games, users can start playing without any investment and upgrade their character through various actions. Its value will increase over time. In addition, almost every game has mechanics that allow you to earn bonuses — drawing in-game tokens, holding tournaments, which can also generate income.
For example, here are five popular NFT games of different formats: from collecting characters and creating farms to exploring new planets. Let’s consider them in detail!
#1 Axie Infinity
Axie Infinity is one of the most popular games on the market, which is popular among a large community of fans, mainly from Asian countries. In this game, users breed and collect NFT creatures called Axies to fight other players. Each Axie has its own genetic code. Therefore, all strengths and weaknesses of characters are passed on to their descendants.
These characters are available for trade on the internal market, and the price depends on their rarity and unique characteristics. To start playing, a user needs to purchase three Axies. For each daily quest, PVP, and adventure mode, they will receive platform bonuses.
#2 Waves Ducks
The project comes from Russia but is popular all over the world. Waves Ducks is designed in a farm format and involves breeding a large number of ducks. Players purchase in-game currency (EGG token) to develop their duck farm and compete with other players. An NFT marketplace is available for buying and selling in-game characters. The more time you spend in the game, the more bonuses you get.
The unique appearance and characteristics of ducks affect the gameplay. This fact provides the collectible part of Waves Ducks — each duck is unique and therefore collectible. There are currently six main types of ducks available in Waves Ducks — featuring Elon Musk, Satoshi Nakamoto, Doge, Bogdanoff, Chad, and Pepe.
When creating a new character, users receive a duck with a unique set of characteristics from the main types of ducks. Thus, the player can get a character with the head of Elon Musk, the beak of Satoshi, etc. Users usually create their own farms, where ducks generate passive income. The farm’s profit depends on the uniqueness of the characters.
#3 Gods Unchained
Gods Unchained is a free NFT card game. Players collect cards by buying them from other users or by winning PVP matches. Unlike previous games in this top, this game focuses more on skills and strategy.
You win matches when your opponent’s life drops to zero before yours. For each victory, you get experience points. Once the experience bar is full, you will advance to the next rank and receive a new deck of cards to add to your collection. You can trade your cards on the platform’s internal market since each card is backed by an ERC-721 token. Those who decide to sell cards within the gaming ecosystem will receive an in-game token (GODS) as payment.
#4 Alien Worlds
Alien Worlds is an NFT metaverse that simulates economic competition and collaboration between players while exploring other planets. Players compete for Trillium (TLM), which is needed to manage competing decentralized autonomous organizations (Planet DAOs) and gain access to additional gameplay.
In the Alien Worlds metaverse, players can purchase NFTs for TLM mining, participate in battles, and complete in-game quests. Depending on their strategy, users acquire and collect NFT objects.
#5 Battle Racers
The idea of the game is to match different weapons and parts to create the most powerful cars. Thus, players can mix different parts of cars, which will give them an edge on the tracks.
The player’s task is to create a perfect car using their skills and information about the game. You can choose handling over speed or defense over firepower — all in the hope of winning. You can then sell your valuable cars for cryptocurrency.
Now it is quite difficult to assess the prospects for NFT games, but one thing is clear — at the moment, it is changing the entire gaming industry. Transactions in NFT games are made for millions of dollars, the number of users from several tens of thousands grows into millions.
Today, industry giants are improving their gameplay, organizing internal tokenomics, and so on to stay ahead of the competition. It is safe to say that the market will not be the same.
Do you play NFT games? Which are your favorite ones? Feel free to share your thoughts in the comments!