Gaming as a profession is getting famous day by day. Earlier, people could not earn a livelihood from gaming as only streamers, and e-sports players had the opportunity to make money with gaming. But NFT games have fulfilled the dream of many people as now even ordinary gamers with the most basic set-up can make thousands of dollars every month. For more information about NFTs, you can join a community like nft-era.io.
The concept of play to earn has entered the decentralized finance industry in a new modernized way with the help of non-fungible tokens. The model of play enables a user to buy and incline the spot value of a particular asset, and they can also sell the assets they make by playing games. In short, play to earn games are entertaining and revenue-generating at the same time. Besides getting NFT as rewards, most of the games correspondingly give digital currencies and other in-game tokens as a reward.
How does play to earn game work?
Usually, there are concepts in the NFT play to earn game industry, the first is flipping NFTs for-profits, and the second is earning NFTS by playing that particular game. The former is prevalent in the game-fi industry at this moment. So let's discuss both these concepts in detail.
I was purchasing and selling in-game non-fungible tokens!
If you have ever played an NFT game, you might be familiar with Axie infinity. Axie Infinity is holding the crown in decentralized game-fi as it has a massive user base with decent profitability. Axie infinity uses buying, selling, and earning NFTs by playing a game. In this game, you can buy a digital pet; all the more, the game offers you the option of breeding a digital pet.
The name of the digital pets in this game is Axie, and the digital pets have some extraordinary power, just like Pokémon. Axie Infinity is the Pokémon of the Game-fi as it confers a similar notion to the original Pokémon go game. You can make these Axis battle with one another as the game also has a multiplayer mode. In this game, NFTs are Axis, so according to the concept of NFTs, every Axie is different from one another. People have made a hell of money by buying and selling these Axis in profit. There are numerous marketplaces allowing you to sell these NFTs.
Earn in-game NFTS!
Earn in-game NFTs is correspondingly another famous concept in the Game-Fi. This concept is followed by famous NFT play to earn games like Mudbox. Mudbox is one of the famous games using the binance ecosystem, and it was recently featured on the list of the latest profitable NFT games. Mudbox allows a gamer to perform several activities to earn in-game NFTS. The NFTs of this game are known as Momo. The in-game token of this game is known as Mbox. Like other NFT games like bombcrypto, players can stake their Mbox tokens to earn a definite interest in them.
Advantages of Play to earn game!
Play to earn games are one of the most compelling use cases of non-fungible token technology. You have ownership of a token whenever you own a non-fungible token in a play-to-earn game. In short, it is an engaging method of making money by sitting at home.
Is playing to earn NFT game safe?
These games use blockchain and innovative contract technology as digital currencies, which depicts how these games are incredibly safe. However, undeniably, not every NFT game is trustworthy, as few NFT games have scammed people by shutting down the project after the developer made a hell of money.
A person can correspondingly lose the earned NFTS due to the transfer of NFT to a cryptocurrency wallet that does not support it, allowing malicious websites to access your digital currency wallet according to the rules and regulations of that game. To avoid such cases, ensure the compatibility of the NFT you are transferring with the digital currency wallet. It would help if you also looked at the rules and regulations of play to earn the game you are playing.
The above-listed portion explains that NFTS are entirely safe for play.