In the past couple of years, more and more NFT (Non-Fungible Tokens) games have been popping up. More and more people are also getting in on that action.
If you are not familiar with this, an NFT game is basically a game where you will have to purchase unique digital collectibles and use them to earn cryptocurrency.
It has become popular especially in certain countries because you can definitely earn a significant amount from it. However, there’s more to these games than meets the eye. And if you are really interested in venturing into this opportunity, I would suggest you read on.
This guide will show you how to earn from NFT games and what you need to look out for because just like with all earning opportunities found online, there are scams you have to stay away from. I will also include a few examples of popular NFT games you can play.
How do NFT games work?
The first thing you need to know about NFT games is, it is NOT FREE. You will have to invest a bit of money in order to start playing. But why is it popular if it isn’t free?
Well, the hope is, even though you spent money to play these games, you will be able to earn back the capital easily, and then everything else you will earn from then on will just be profit.
That’s really the allure these NFT games offer. Now, these NFT games usually use some kind of blockchain to power their system. They typically use the Ethereum or Binance chain for all the transactions done in-game.
As explained earlier, you will use your NFTs to earn some form of token. You can then withdraw the tokens you’ve earned anytime you want to your wallet. Then, you have to convert it to cryptocurrency and then finally to cash (if you so choose). That’s how the general overview of the payout process looks like.
As for the earning process, you have to do what is called “grinding”.
If you are a gamer, you are likely very familiar with that term. But if it is your first time hearing about this term, it is the act of playing the game to earn in-game currency or experience points. So, you will be grinding on a daily basis to maximize your earnings from these games.
Every game also has its own economy that you should understand. And later on, I will explain why understanding the game’s economy will be very useful.
As for the actual process of playing, most NFT games can be played from a laptop or desktop and some games also have their own mobile apps. But the good thing is, these games don’t usually require high specifications in order for you to play.
So, it’s not like most video games nowadays that require the latest technology in order to play.
How much money can you make?
The thing with NFT games is, there’s no fixed amount you can earn from them. As I’ve mentioned above, every game also has its own economy. And since that’s the case, then the amount you can earn will not be fixed.
Let me explain why. As you know, you will earn tokens when you play an NFT game. This token actually has a real-world value that you can exchange for on platforms like Binance. The value will fluctuate just like it usually does with cryptocurrencies.
That’s why I mentioned earlier that it is important to understand the economy of the game so you will know when the best time to cash out is. Ideally, you will want to cash out when the value of the tokens you’ve earned is high.
It’s a lot like dealing with the stock market. You cash out when it’s profitable and you hold your stocks if it’s not, unless you just want to take the loss and move on. But overall, the amount you can earn from these games can be pretty significant, which is why a lot of people get hooked on these games.
What do you need to look out for in NFT games?
The thing with NFT games now is, there are a lot of new ones popping up and joining the trend. So you, as a potential investor will have more options to choose from. The thing though is, not all these games will likely succeed.
As you can probably surmise, NFT games are driven by people who invest in them. If there aren’t any more people willing to invest in the game, its economy will collapse and the game will eventually die. That’s really the main driving force of any NFT game.
Now, it is up to the developers of the game how they can keep convincing people to invest or buy in to the game. This usually involves new events and updates that keep the game interesting so that the player-base won’t suffer.
But there are a couple of things you can check first if you are interested in a certain NFT game. Here’s what you have to look out for.
#1 – Whitepaper
The first thing you need to do when you are interested in a new NFT game is to read its whitepaper. If you are not familiar with what a whitepaper is, it is the documentation presented by the developers of the game.
This documentation will explain the purpose and goal of the project/game. It is basically what is required for any crypto project to be considered legit.
So, if you are interested in an NFT game, always read the whitepaper first. If it doesn’t have one, then I would recommend you stay away from it, because it is most probably a scam.
#2 – Road maps
This is especially true for NFT games that are still in the beta or testing stages. Typically, the developers will release a road map of their plans for the game. In this documentation, you will see the progress of the game and you will also have an idea of when you will start earning.
That’s really the important part you need to look for when checking out the road map of a new NFT game. Then, while you are playing the game, you have to take note if the developers really followed the road map.
That’s when you’ll know if the developers are really serious about making the game as good as it should be.
4 Samples of NFT games you can play
Now that you know how NFT games work more or less, here are a few NFT games I can recommend you play.
These are some of the most popular games that have a huge player base. So most likely, they will last quite a long time and you will potentially be able to earn a good amount.
#1 – Axie Infinity
Axie Infinity is probably the most popular NFT game today and it is probably the reason why you see a surge of new NFT games. That’s because game developers realized the potential of NFT games due to the success of Axie Infinity.
If you’ve played Pokemon before, then playing this game will be quite easy for you. To start playing, you will have to form a team by buying a minimum of 3 axies from their marketplace. These axies are your non-fungible tokens.
You can use these axies to go on adventures to earn SLP (the token they use). You can also use them to fight other players in the arena to earn more SLP. From time to time, there will be events you can participate in so you can earn tokens.
#2 – Gods Unchained
Gods Unchained is a collectible card-based NFT game. If you’ve played Hearthstone, then this will be very familiar for you. The NFTs you will be buying in order to play are the cards. These can be bought from their marketplace.
Then, you play matches with other players. You win if you manage to drop your opponent’s life to zero. For every win, you will receive experience points. When you level up, you will receive random cards which you can then sell for GODS (which is the token they are using).
Just keep in mind that GODS still doesn’t have any monetary value as of the writing of this review. But it has a lot of promise and it is made by a developers who have a history of making popular games.
#3 – Sorare
If you are in to fantasy football, you will definitely like Sorare. The idea is, you build your own fantasy football team using your favorite football players. The twist is, the players you will be using are the actual NFTs. You’ll have to buy them from the marketplace.
Then, you will have to join tournaments in-game. The stats that will be applied in the actual matchup will be based on their actual stats from real-life games. This is where the fantasy part of the game comes in.
So, it is essentially a mixture of NFT and fantasy games, which is quite unique in my opinion. You will then earn Ethereum if you manage to win in their tournaments or if you reach a certain score.
#4 – Plant vs. Undead
Plant vs. Undead is a lot like the popular game Plants versus Zombies. The idea is, you buy plants to kill undead monsters. These plants have certain characteristics. So, you will essentially be building the best strategy to kill undead monsters.
This game essentially employs the tower defense system. But as of writing this review, the only game mode available is the farming mode. In this mode, all you have to do is plant seeds, water the farm, and collect resources that can be converted into tokens that have a monetary value.
Once the game is in full swing, that’s when the tower defense aspect of the game will be implemented.
NFT games are very popular today because you can potentially earn a significant amount from them. That’s really what attracts people to these games.
But just like with cryptocurrency trading, the value of the tokens you will earn from these games is also very volatile. So, you will need to do a bit of research and you need to understand the economy of the game you will be playing in order to fully maximize the returns.
So, if you are interested in playing NFT games, you have to make sure you do your research and you are willing to invest a significant amount since these games are not free to play. Then, you have to put in the time to grind the tokens. If you are willing to do all of that, then you can go ahead and start playing.
The one thing you need to keep in mind when investing in these games is, you should only invest what you can afford to lose. That’s the best recommendation I can give you if you ever decide to venture into this kind of opportunity.
If you have any comments, questions, or have any experiences with this topic, I would love to hear from you in a comment below.