The next-gen of video games is going to blow players away: NFT video games. However, these have been around for quite a while, but 2023 will likely bring them the deserved attention.
It is not surprising that NFTs have found their way into gaming since they have penetrated various industries, including fashion, movies, and real estate. Focusing on gaming, we will discuss how NFTs could shape this sector’s future and how players will benefit from this innovation.
First, this kind of asset gives gamers a unique chance to increase their own profits, not those of the game’s developers. Second, players enjoy complete ownership of their digital assets regardless of what happens to the gaming company. Plus, enthusiasts can finally immerse themselves in a virtual world of thousands of possibilities, which allows them to take up even more exciting roles in their games, customize their experience and in-game items, and receive the rewards of their invested time and money.
Without a doubt, blockchain is no longer just about virtual currencies. It has given rise to a range of digital assets, including NFTs representing in-game collectibles. Some of these assets have seen real success in the last few months as investors have noticed their gain potential. Therefore, when checking the Ethereum price, you may also want to look at gaming tokens. Apart from exposing you to new virtual lands, this is also an excellent method to diversify your investment portfolio.
Here is what you need to know about gaming NFTs:
What are NFT video games?
You have probably heard that NFTs are the latest revelation in the gaming sector, and while it is indeed true, what are these NFT games after all? The simplest explanation would be that NFT games are blockchain-based, allowing players to exploit a new form of in-game collectibles. That being said, people can handle land, avatars, clothing pieces, or any other game features in the form of non-fungible tokens, use them to advance through the game, or further sell them on the marketplace to maximize their gains. Since NFTs have long been considered works of art, enthusiasts are now calling video games the ‘seventh art.’
NFT games are often called P2E games because they are based on a play-to-earn model. Thus, players can earn tangible rewards as they complete the various game missions. Collecting in-game items through the gaming journey is the main goal of people immersing themselves in this kind of activity, as this is generally the only way to cover their investments. The acceptance of NFT standards also lets developers preserve the uniqueness and rarity of these in-game collectibles, which is why some digital gaming goods are more expensive than others. As for how to access these assets, there are basically three strategies: unlocking and earning new items, purchasing items on third-party or native marketplaces, or breeding new characters. Whichever method you pick, we assure you that you will have exclusive ownership rights over these treasures.
Can you make money playing NFT games?
It is indeed possible to earn real-life money from these games, but we don’t recommend making this a top priority. Just like cryptocurrencies, NFTs are also volatile, so it would be all in vain to earn massive rewards as you complete tasks and missions if the assets start to lose their value due to developers failing to hold their gamer base. So, to put it simply, people in the Philippines making a considerable income playing Axie Infinity are a rather exceptional case. Earning money from games like Axie Infinity means you must recover your upfront cost first. Did you know that you need three Axies (the value of these cute little monsters can range from $30 to $100)? So yes, we advise you to play better for your own pleasure instead of making high expectations of gains.
What are the top NFT games out there?
Since NFT games are all the rage in today’s playing environments, it becomes obvious that developers don’t cease to create more and more games. And while it’s excellent news that this area is expanding, it could be daunting for a newbie to navigate through the sea of NFT-related games available. Well, that’s why we’re here.
Consider this round-up of definitely worth trying games in 2023 (apart from the ever-present Axie Infinity):
Alien Worlds
If you’re a fan of outer space and faraway galaxies, Alien Worlds might be your thing. This is a unique chance to explore planets, conquer lands, and engage in battles, which will eventually bring you revenue in the form of NFTs. Alien Worlds’ native token is Trillium (TLM), a valuable asset in this fascinating multiverse as it gives players access to additional gameplay and control over decentralized autonomous organizations (DAOs). The Alien Worlds metaverse is all about adventure, imagination, and perseverance, so if you boast any of these, ensure you give this NFT game a try.
Dogami
If you don’t dispose of enough room in your house to adopt a dog, Dogami is a viable solution for you. This ‘Petaverse’ allows animal lovers to own adorable dogs and nurture them to adulthood. And what makes this game stand out is that it boasts more than 300 distinct DOGAMI breeds, each distinguishing through its own traits (due to the NFT mechanic) and coming in four different rarities - diamond, gold, silver, and bronze. By playing Dogami and participating in the various game modes, you will earn rewards in the form of DOGA tokens.
STEPN
STEPN is the ultimate fitness game, so if you’ve always wanted to move by walking or running, this game is a great start. We know, we know - it’s all in a virtual world. But continually improving yourself in this video game will further motivate you to do the same in the real-life, tangible world. So, all you need to do to get started with STEPN is buy a pair of virtual sneakers inside this Web app. And don’t forget: the STEPN shoes not only lead you to massive potential gains but also to self-improvement. Let walks and jogs be part of your norm!
So, are NFT games a thing or not?
