NFT games are not only a form of entertainment but also a source of making real money. They can be compared with casino games, which can also bring about impressive winnings for players, but NFT games offer players the opportunity to earn money in different ways. This game category integrates NFTs – non-fungible tokens so that players can play not only for fun but also for their prosperity. How do you get money playing exciting NFT games? Let’s discover the most popular approaches in this article.
Earning In-Game Money
Many NFT games allow getting not only in-game rewards but also tokens that can be exchanged for fiat money. For this purpose, you should create an account and set up a digital wallet in a cryptocurrency that is suitable for this game. After that, you can start playing and earning in-game currency. How can you do that?
Every game offers its approach, such as the completion of quests, participation in battles, trading goods, and others. The more you play, the more in-game currency you can accumulate. Naturally, you may need to spend money on some in-game activities, like buying items for a game. However, you should keep track of your expenses and use them strategically to enhance your gaming experience.
Breeding
Many games allow the creation of new NFTs by breeding. If you access a game that supports this feature, you can create new animals and heroes with exclusive characteristics and later trade them for NFTs. You can start breeding only when you create an account and use NFTs as a parent token.
You should also realize what exactly makes NFT valuable and take that into account when creating new tokens. It is also important to consider how many NFTs you spend on breeding since not all assets become valuable in the game ecosystem.
New Item Minting
It is possible to mint NFT through the games, too. This means that you can create your unique token on a platform like Cryptovoxels or Decentraland. For this purpose, you should register an account and obtain the correct crypto to mint NFTs inside the game.
As soon as you complete these steps, it is possible to start the process of creating new 3D objects, collectibles, and wearables playing the game. Your next step will be their minting as NFTs on the blockchain.
As soon as you program them on the blockchain, you can start earning royalties from your creation and making secondary sales. Naturally, these amounts won’t be very high, but you can get from 5% to 10% on average. If the item you have created becomes popular and is often traded, it can bring about potentially high earnings in some cases.
Scholarship
Managers of some games offer players special blockchain game scholarships for application. An average manager is an experienced player who rents NFTs to scholars and allows them to play without owning their NFTs. Scholars have to split the rewards received with their managers.
Any manager can create a scholarship program and choose a scholar for NFT renting. They take responsibility for guiding scholars and educating them so that they can improve their performance in the game. A scholar can get NFTs when he or she applies to a program. When a scholar is accepted, he or she can start playing and earn rewards.
Staking
It is possible to create a digital wallet, connect it to the staking pool platform, and deposit tokens. Staking means locking tokens for a specific period of time and earning rewards for that. Naturally, you should remember the risks involved in this experience since some tokens may depreciate in value when staked. Other facts to consider are the calculation of the potential earnings and the evaluation of risks that market conditions can cause. You should also monitor the assets you stake to increase your earnings and minimize possible losses.
Getting Virtual Real Estate
Metaverse is a virtual-reality space where users can interact with a computer-generated environment and even get property there. With NFT, every player can dive into the world of virtual real estate. There are blockchain games like The Sandbox, Upland or Decentraland where players can trade virtual real estate represented in the form of NFT. \
There are even games where you can enter the cities that exist in the real world and discover, purchase, and even build estate there. It is important to remember that every parcel value is connected to the attributes it has. Estates with a good location and a bigger size are likely to cost more.
Game Streaming
One more way to earn NFT by playing games is by streaming your gameplay. Using such well-known platforms as YouTube or Twitch, players share their gaming experience with others. For example, being a streamer on Twitch, you can earn by means of a subscription, getting donations from others, or making exclusive content for subscribers. Youtube broadcasters can earn via ads, views, and sponsorship.
When it comes to NFT gaming, streamers make their videos informative and useful. They explain financial aspects, share pieces of advice, suggest unique walkthroughs, and tell funny stories. For this purpose, it is necessary to be a dedicated player with a good understanding of the blockchain game you play.
Mining Cryptocurrency
Mining cryptocurrency is one more way to earn money through blockchain technology. Everyone knows about Bitcoin mining, which implies solving numerous math problems with the help of software. When it comes to NFT gaming, you can mine coins after the release of a new game with its unique currency. You should understand that mining requires a powerful computer and additional expenses on hardware, electricity and use of the mining pool. Naturally, mining takes time and money, but the coins you receive can be sold or used to get passive income via staking.
Final Thoughts
You can see that earning money through playing games is possible with blockchain technology! You can try different approaches and choose the one that meets your expectations the most accurately.