What are NFT Games and how to earn without investment?

Non-fungible tokens games are a new form of digital collectibles that can be exchanged and/or sold on a secondary market. But what does this mean for video game developers? And how can an NFT game developer make money? Here’s everything you need to know about NFT, including three concrete examples of NFT games that have already generated more than $3 million in revenue.

Introduction

The game industry has changed a lot in recent years. From online games, mobile games, VR games, or AR games, all kinds of platforms have appeared. What brought those changes was that blockchain technology came out. Blockchain technology not only creates a new way of financing (ICO) but also breaks traditional game rules and brings gamers a new world: Non-Fungible Token (NFT) Games. 

CryptoKitties, Etheremon, CryptoCountries are some popular NFT games on the Ethereum blockchain. But today I will introduce another game for you: CryptoGladiator. In my opinion, CryptoGladiator has more potential than other NFT games because it combines two things: First, players can compete with each other; Second, they can own their own gladiators. 

And these gladiators are non-fungible tokens which means they cannot be replaced by others. You may ask how can you make money from non-fungible tokens? That’s what we will talk about next.

CryptoKitties – the first game with NFT

The idea behind CryptoKitties was inspired by Beanie Babies, Tamagotchis, Pokemon cards, and other non-fungible token games that became successful in recent years. The goal of each player is to buy, sell or exchange virtual cats for profit. There are no particular rules; every cat has its own attributes that make it valuable or not. 

These attributes can include gender, generation, patterns on its body, etc., just like with physical cats. What makes these kitties different from any others though, is their blockchain-based concept. Each kitty’s genetic code is stored on a public Ethereum blockchain, which means it cannot be duplicated. 

As an owner, you have complete control over your virtual pet. You can choose to breed two kitties together (if they have compatible genes) or Sire one with another owner’s pet (for a fee). Each time a kitten is born you receive some Ether as payment in return for allowing your kitty to reproduce. 

It may sound complicated, but it’s actually very simple. And if you don’t want to go through all that trouble yourself, there are plenty of people willing to do it for you – usually at a much higher price than what you would get if you did it yourself. 

This way, players who don’t want to go through all the hassle themselves can still profit off their kitties. On top of that, game developers release new gen 0 kittens once in a while which will always be more valuable than regular ones because they’re limited edition. 

Are games like this profitable?

One of the most promising use cases for blockchain tech, non-fungible tokens (NFTs) has shown that ERC-721 tokens can be used as decentralized digital collectibles. Despite their massive potential, most developers haven’t taken advantage of these programs because they require programming with Solidity in order to design. 

However, today several platforms offer an opportunity for anyone interested in creating a cryptocurrency game that runs on ERC-721 tokens. So if you have a great idea for a unique collectible game or want to create some additional revenue streams from your existing game, an NFT project might be just what you need. 

What are your ideas? Share them on our social channels. We would love to hear about them. Let us know what you think about NFT games and whether you think they will be profitable. Be sure to check out all the best upcoming Blockchain Gaming projects. 

In-game items as an investment

In-game items are not just game mechanics, they can be used as an actual investment. However, what exactly do I mean by that? To begin with, you will need to purchase one of those extremely rare skins that cost several thousands of dollars. 

I know what you might be thinking right now – why should I even consider spending so much money on a virtual item when it could vanish at any time. Moreover, there have been many incidents in which accounts were hacked. Surely, all these facts make digital items only worth their weight in pixels. 

Or do they? Today we will talk about non-fungible tokens (NFTs) and why anyone who knows how to play on crypto exchanges can use them as an investment tool or even make money from them.  And before we start talking about NFT games, let’s take a look at some examples of trading cards. 

First off, let’s take a look at Magic: The Gathering. This is one of the oldest card games ever created and has grown immensely popular over its 24 years of existence. Some people may argue that it isn’t really a video game but rather a tabletop card game. However, MTG was first released for PC back in 2002 so we can safely say that it is indeed an online video game.

Conclusion

It’d have seen there is a huge growing market in blockchain game development. Many game developers are looking for ways of bringing their existing games onto a blockchain platform, however, it’s very hard to find out how it’s done. So here we will see what difficulties they face while developing their games, how they can overcome these difficulties, and finally if it’s really worth going that extra mile or not?