How do NFT games work?

CryptoKitties, which had a valuation of 20 million with huge trading volumes a few years back, now seemed to have been buried right under the plethora of NFT games that have hit the market. Its daily volume is currently as low as 100 transactions, and you might wonder if this would be the destiny of the NFT games that are currently enjoying their spotlight.

We don’t think so, and here is why ― NFT games have become a source of income for many. Who in their childhood or teenage years hasn’t had their mum or family members say gaming would take them nowhere, and that they should concentrate on studies? Well, guess what? These are the same gamers who had the last laugh.

The incorporation of NFTs into gaming has led to the ‘play-to-earn model’, which excites gamers. What makes a business model successful is to cater to a huge target audience. One need not be a professional gamer to play and earn through NFT games.

The NFT games are such that any average Joe can benefit from playing. This opens up the target audience to almost the entire population, making NFTs an attractive integration to the gaming industry. Another successful business model factor is the ability for the business to provide value to users in more than just one way.

Apart from the gaming industry, do you know that NFTs have already waltzed into the fashion industry too!

How do NFT games work?

CryptoKitties, which had a valuation of 20 million with huge trading volumes a few years back, now seemed to have been buried right under the plethora of NFT games that have hit the market. Its daily volume is currently as low as 100 transactions, and you might wonder if this would be the destiny of the NFT games that are currently enjoying their spotlight.

We don’t think so, and here is why ― NFT games have become a source of income for many. Who in their childhood or teenage years hasn’t had their mum or family members say gaming would take them nowhere, and that they should concentrate on studies? Well, guess what? These are the same gamers who had the last laugh.

The incorporation of NFTs into gaming has led to the ‘play-to-earn model’, which excites gamers. What makes a business model successful is to cater to a huge target audience. One need not be a professional gamer to play and earn through NFT games.

The NFT games are such that any average Joe can benefit from playing. This opens up the target audience to almost the entire population, making NFTs an attractive integration to the gaming industry. Another successful business model factor is the ability for the business to provide value to users in more than just one way.

Apart from the gaming industry, do you know that NFTs have already waltzed into the fashion industry too!

How do NFT games work?

CryptoKitties, which had a valuation of 20 million with huge trading volumes a few years back, now seemed to have been buried right under the plethora of NFT games that have hit the market. Its daily volume is currently as low as 100 transactions, and you might wonder if this would be the destiny of the NFT games that are currently enjoying their spotlight.

We don’t think so, and here is why ― NFT games have become a source of income for many. Who in their childhood or teenage years hasn’t had their mum or family members say gaming would take them nowhere, and that they should concentrate on studies? Well, guess what? These are the same gamers who had the last laugh.

The incorporation of NFTs into gaming has led to the ‘play-to-earn model’, which excites gamers. What makes a business model successful is to cater to a huge target audience. One need not be a professional gamer to play and earn through NFT games.

The NFT games are such that any average Joe can benefit from playing. This opens up the target audience to almost the entire population, making NFTs an attractive integration to the gaming industry. Another successful business model factor is the ability for the business to provide value to users in more than just one way.

Apart from the gaming industry, do you know that NFTs have already waltzed into the fashion industry too!

How to earn digital money with NFTs

Speculating the value of objects: The blockchain games objects and items such as characters, weapons, and real estate are NFT items. Since the NFT collections are unique and owned by individuals, each item in the game has real value. Sometimes, owning these NFTs can be expensive, but what if we told you you could make money by speculating on the NFT object’s value? Yes, you can, and that’s undoubtedly a thrilling way to make money through NFT games.
Rewards: NFT games also reward players with tokens traded on the crypto exchanges.
Tokens: You can also stake the tokens, use the tokens to upgrade or build your NFT objects in the game.
Since the addition of NFTs has significantly increased the utility of these games, the gaming industry, if not for anything, would consider making NFTs a big part of its future.

Popular NFT games

Let us first look into the history of NFTs in the gaming sector. Cause you know what they say, the future lies in the past. Don’t worry. We’ll keep it brief. One of the first few NFT games was CryptoKitties. Launched in 2021, the game was so popular that the Ethereum network-based game had a daily transaction volume of 50,000. This was when there was a breakthrough in the world of blockchain gaming. Although it works just like any other digital pet simulator, what sets it apart is that every cat is different and unique. People can sell and buy NFTs in the game marketplace.

Cats could be bred and traded to create more unique, highly valuable cats. We did see a similar yet unique game follow suit. Etherbots was a popular game where players could acquire robots and develop them to create mighty robots. Here is the fun part: these robots could even enter into battles. We could go on all day about every cool NFT game in history,

Popular NFT games

Let us first look into the history of NFTs in the gaming sector. Cause you know what they say, the future lies in the past. Don’t worry. We’ll keep it brief. One of the first few NFT games was CryptoKitties. Launched in 2021, the game was so popular that the Ethereum network-based game had a daily transaction volume of 50,000. This was when there was a breakthrough in the world of blockchain gaming. Although it works just like any other digital pet simulator, what sets it apart is that every cat is different and unique. People can sell and buy NFTs in the game marketplace.

Cats could be bred and traded to create more unique, highly valuable cats. We did see a similar yet unique game follow suit. Etherbots was a popular game where players could acquire robots and develop them to create mighty robots. Here is the fun part: these robots could even enter into battles. We could go on all day about every cool NFT game in history,

How to earn digital money with NFTs

Speculating the value of objects: The blockchain games objects and items such as characters, weapons, and real estate are NFT items. Since the NFT collections are unique and owned by individuals, each item in the game has real value. Sometimes, owning these NFTs can be expensive, but what if we told you you could make money by speculating on the NFT object’s value? Yes, you can, and that’s undoubtedly a thrilling way to make money through NFT games.
Rewards: NFT games also reward players with tokens traded on the crypto exchanges.
Tokens: You can also stake the tokens, use the tokens to upgrade or build your NFT objects in the game.
Since the addition of NFTs has significantly increased the utility of these games, the gaming industry, if not for anything, would consider making NFTs a big part of its future.