NFTs (non-fungible tokens) are becoming more popular. According to analytics platform DappRadar, trading volume for NFTs reached $10.67 billion in the third quarter of 2021, increasing 704% over the previous quarter. The increased popularity of nft gaming is one element driving the soaring trade volume. During that time, in-game goods produced $2.3 billion in trade volume, accounting for 22% of the total.
The nft gaming are still in their infancy. When a result, many people feel that as nft gaming become more widespread, there will be substantial upside. Here’s how to join in on the action as an investment.
How do nft gaming function?
The basic explanation is that players may make money while playing NFT games. These games feature NFTs, or unique digital treasures on the blockchain, that gamers can sell in games to other collectors and players, blending video games with finance, or GameFi as players call it. In certain pay-to-win gaming formats, players may also earn NFTs. This design enables players to invest in NFTs, which have the potential to increase in value over time.
Keep an eye on these NFT matchups.
Several nft gaming have become popular among gamers as venues for earning and purchasing NFTs for profit:
These top NFT games are examined in further detail below.
One of the most popular nft gaming is Alien Worlds. It was the first blockchain game to reach 100,000 users. It presently has over 2.5 million members and continues to expand.
It’s a metaverse, or shared virtual world environment, that spans seven worlds. The game employs NFTs, and players mine for Trilium, the game’s cryptocurrency.
Alien Worlds is a game where you may earn money by playing. Mining, fighting other users, going on missions, and earning rental revenue from their digital land are all ways for players to earn the local cryptocurrency. The game makes use of NFT-created digital objects such as avatars for battling and mining gear. Cashing out Trilium is how players generate money in the game.
Arc 8 is a mobile esports platform that started in October 2021 that allows players to earn money by playing. It enables users to compete in one-on-one matches and group tournaments to earn tokens in ten casual games. Shortly after its inception, the nft gaming platform had 1.3 million registered players.
The platform’s utility token is called GMEE. It is used to pay for in-game competitions and purchases in the game. They have the chance to win GMEE as well.
Arc8 also aims to release G-Bots, which are NFT gaming characters that can be upgraded. As players progress through the stages, they will have access to more features. Owners of G-Bots will have access to unique play-to-earn competitions.
In the realm of NFT games, Axie Infinity is the most powerful player. In the third quarter of 2021, it experienced a surge in trading activity, accounting for $2.08 billion of the total $2.3 billion in nft gaming trading volume for the quarter. That quarter alone accounted for 83 percent of the game’s $2.5 billion in trade volume. The major reason for the surge in interest is that users are earning money on the site, with some claiming to make up to $100 each day.
Axie Infinity is a world of digital pets. New players must purchase at least three NFTs, or digital fantasy creatures. They collect Axies, use them to fight other gamers, and then sell them. The play-to-earn gameplay paradigm of Axie Infinity encourages players to construct Axies with the greatest in-game equipment in order to sell them to other users for a profit, which may include the growing price of cryptocurrency, particularly Ethereum.
Players employ weapons to beat opponents in CryptoBlades, an NFT game. They gather the in-game money, SKILL tokens. They may utilize SKILL to level up and enhance their characters. Players may promote their made items for sale on an NFT marketplace, boosting their revenues.
The popularity of CryptoBlades has risen and fallen dramatically. With over 400,000 Unique Active Wallets at one time in 2021, it was the most popular game (UAW). However, owing to a drop in the price of SKILL, user engagement dropped, hurting users’ earning potential.
CryptoBlades Kingdoms, a standalone sequel including strategy-based land development, has been unveiled by the developers of CryptoBlades. This might boost user engagement and convert the game into a rewarding investment for players.
Splinterland is a blockchain-based digital collectable card game. Users amass a collection of cards with a variety of attributes and powers. Players may utilize them to compete in skill-based contests against other players in the game. NFTs may also be bought, sold, and traded.
Splinterlands has swiftly risen to prominence as one of the most popular blockchain games. In September 2021, it drew more than 245,000 daily UAW, rising 3,267 percent from the end of the second quarter. During the third quarter, it processed over 150 million transactions, generating $1.18 million in transaction volume, an increase of 1,200 percent over the previous quarter. The debut of its own token, Splinterlands Shards, in August 2021, which would let holders to vote on the game’s destiny, was one element fueling that rise.
MOMO Farmer is a free-to-play, play-to-earn NFT game developed by Mobox. Yield farming, a free market for NFTs, and governance tokens all benefit users. The exchange allows users to purchase and trade MOMO NFTs.
In September 2021, the game drew 30,700 daily UAW, earning $67 million in transaction volume. Meanwhile, its entire trade volume increased by 28% from the second quarter to $280 million in the third quarter.
The popularity of NFT games is increasing.
One method investors are using to profit from the NFT frenzy is via NFT games. Many NFT games have financial models that enable players to profit while playing. The economic potential of NFT gaming may expand as its popularity grows. Several games are starting to emerge as potential moneymakers for players, making them intriguing to follow.
Smart investors comprehend the blockchain and crypto industries’ immense earning potential. Gaming is seen as a new method to offer services and goods more effectively, and a blockchain gaming NFT solution might be the next Tencent. To convince venture investors, game creators, and owners to go on board with blockchain-based gaming.