The value of these lands increases because of many reasons. The Genesis Land Plots in this game are bought and sold regularly by players. at the time of sale, its value was $60,000.Īs mentioned above, Axie Infinity is among the most popular blockchain games in the market. This card has only one entity and was sold for 137 ETH. The NFT is named Hyperion and is a digital card in this game. One of the most expensive blockchain games NFTs sold in the market belongs to God’s Unchained game. There are many examples of those who sold their game NFTs even for million-dollar price tags. How much money can you win with blockchain games?Īs mentioned above, the news about players who earned fortunes in blockchain games resulted in considerable hype around this concept. But the first game in this section was CryptotKitties that somehow gave birth to the NFT fever, too.Īnyhow, these games are attracting many players and investors, especially after the Metaverse hype started and big tech companies like Facebook (now Meta) followed it. The hype and fever around play-to-earn games skyrocketed with news about successful games like Decentraland, Axie Infinity, and Sandbox. You just buy and stake NFTs or tokens and earn rewards for locking your assets. Some of these games offer staking solutions for passive investors. Investors, on the other hand, sometimes see new methods for increasing their crypto holdings. They see a platform that is entertaining while rewarding. Players are seeing a new method that rewards them for their time. The cost of entering a blockchain game is often near the cost of buying a video game. Besides, the initial investment is often very low. There are many stories about people who have sold their game NFTs and earned a fortune. They offer a chance to earn real money and even become rich only by playing a game. Play-to-earn games (AKA P2E) are becoming very popular between crypto enthusiasts and even traditional video gamers. They attract new developers because of benefits like lower gas fees and scaling solutions. Axie Infinity is one of the most popular ones in this ecosystem.īut other networks like Polygon are gaining traction in this sector, too. Because of the vast features of this network for developing dApps, many game developers have launched their blockchain games on this platform. The tokens and NFTs in blockchain games are stored and smart contracts and give full ownership to players.Įthereum is amongst the top blockchains suitable for blockchain games. Blockchain technology provides the necessary security and trust for keeping tokens and collectibles safe. What are blockchain Games?īlockchain games are a group of video games (sometimes called digital games) that benefit from blockchain technology in their fundamental layers. Anyhow, it can become a source of income for those who love video games. Then you can sell your crypto for fiat money. You should mint your NFT in marketplaces or sell the earned tokens in exchanges (centralized or decentralized) for cryptocurrency. You often can’t sell a game token or NFT for fiat money straightly. This kind of play to earn has some initial risks but many times has considerable rewards that compensate the initial investment.Ĭonverting earned tokens and NFTs to fiat money sometimes needs the third step. In some blockchain games, you should buy some characters or other assets to start playing. The earnings are sometimes high enough that some players have replaced their main source of income with blockchain games. The formula is often the same: the more you play, the more you earn by collecting tokens and NFTs. The earned tokens and NFTs can be sold in the market. You can buy land, build assets on it and sell it in the game, for example. In simple terms, you collect crypto tokens or NFTs by playing a game. What is play to earn?Īs the name implies, in many blockchain games, you earn rewards for playing games. Giving full control to gamers over their assets is the fundamental concept here that creates a delightful experience for all users. The concept pushes video games to another level and makes it possible for players to even have a living by playing games. Buying and holding characters, assets, and tokens, and also creating new assets are some of the examples that result in awards and, therefore, earnings in these games. There are many interesting concepts included in blockchain games and play-to-earn products. In these kinds of games, the tokens you earn in the game have value in the real world and can be traded with other cryptocurrencies, thus fiat money-the games award gamers for spending their time and competing with each other. Blockchain games are interesting products of the blockchain industry with attractive incentives for gamers who can play and earn.
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