Gods Unchained: A Play to Earn Scholarship To Invest For Crypto Earning

As the popularity of the play-to-earn gaming model has grown, blockchain technology has emerged as a preferred foundation for video game developers looking to cash in on the trend. According to a survey conducted by Stratis and published in November 2021, 64 percent of play to earn scholarship developers based in the United Kingdom and the United States believe blockchain technology will become prevalent in play to earn games within the next two years.

A slew of blockchain-based play to earn scholarships has been released in recent months. The Gods Unchained is one of the more interesting play to earn scholarship (native token: GODS). It’s a competitive trading card game developed on the blockchain. It is similar to other games in the genre, such as Hearthstone or Legends of Runeterra, in that it’s played against other players. Because it is based on the blockchain, players have actual ownership over their cards, just as if they were real and tangible objects in their hands.

This guide aims to explain what God’s Unchained is about, how it works, how you can use GODS tokens and NFTs, and where you can purchase GODS tokens. All this detailed information will teach you how to invest in this game and earn as much crypto as you can in the shortest time possible.

Gods Unchained: A Play-To-Earn Game To Invest For Crypto Earning

What Is God’s Unchained (GODS)?

In Gods Unchained (GODS), you will be rewarded for participating in a free-to-play competitive trading card game based on the blockchain. Players must outsmart their opponents by building powerful decks and employing combat tactics to achieve victory. In Gods Unchained, players have complete ownership of all in-game items, which means they can trade or sell their cards in any manner they see fit — just like they would with real-world cards.

According to reports, gamers spent $87 billion on in-game assets in 2019. But how much money players receive in exchange for their purchases was unclear. $0. Despite the popularity of competitive card games such as Hearthstone, Runeterra, and Magic: The Gathering Arena, they do not provide their players with actual ownership of the digital assets they generate. These companies only license cosmetic items, such as skins or card decks, to players who purchase these items from them.

According to the game’s developer, Gods Unchained is looking to shake things up by granting players complete ownership of all in-game assets. It creates non-fungible tokens (NFTs) to represent cards and other assets on the Ethereum network, allowing players to claim actual ownership of the assets. Because NFTs are immutable, the Gods Unchained developers will be unable to alter the value of cards, nerf them, or take them away from players once they have been acquired.

Built on the Ethereum blockchain, the play to earn scholarship, which had its beta launch in 2018, has a native ERC-20 token called GODS that can purchase items in the game. When it comes to conducting trades and paying for transactions, the token serves as the virtual currency of the universe. As part of its innovative contract technology, the platform mints NFTs, which are used to represent collectible in-game assets and are available for purchase.

Gods Unchained: A Play-To-Earn Game To Invest For Crypto Earning

Gods Unchained Gameplay

Gods Unchained is frequently compared to other popular fantasy card games with cult followings, such as Magic: The Gathering and Hearthstone. However, it is still a relatively new game. In fact, Chris Clay, who previously served as the game director for MTG Arena and as an executive at Wizards of the Coast LLC, is in charge of the game’s development. Clay left Wizards of the Coast in 2018 to devote his time to the development of Gods Unchained.

Gameplay options in Gods Unchained include competitive arenas where players can compete for glory, win and collect cards through matches, buy and sell cards in the game’s marketplace, and build the perfect deck to climb the leaderboards. It is free to participate in the game (though not pay-to-earn). It is primarily concerned with fair and competitive competition.

New players receive 140 cards as part of their free welcome package, allowing them to build various basic decks for themselves and their friends. They can earn more cards by playing and participating in tournaments (whether they win or lose). Players play to earn rewards through participation in weekly ranked tournaments, which is a play-to-earn (P2E) model. Players can earn rewards by participating in weekly-rated contests.

Gods Unchained: A Play-To-Earn Game To Invest For Crypto Earning

Several other projects in the GameFi blockchain gaming space, including Illuvium (ILV), Axie Infinity (AXS), Genopets (GENE), and My Neighbor Alice (MNA), have demonstrated that the P2E model works and have adopted it as the best practice (ALICE).

Gods Unchained NFT

Because this would completely congest the Ethereum network, NFT cards in Gods Unchained aren’t just minted and handed out without some effort on the player’s part. Players gain access to Common Core digital card packs due to their participation in games. Before being able to turn those cards into NFTs, players must first obtain a crafting ingredient known as Flux by winning ranked tournaments in the game.

Once a player has amassed a sufficient amount of Flux, they can head over to the Forge and fuse their Core cards together to create higher quality ones minted as non-fungible tokens (NFTs) on Ethereum and thus have real-world value. Generally speaking, rare cards have higher innate value and are more sought after. In contrast, primary defense NFT cards are available for trade on God’s Unchained marketplace.

Final Words

To change the norm in the play-to-earn gaming industry, Gods Unchained intends to provide its players with complete ownership of their digital assets. According to the developers, future updates to the game will include a slew of entertaining additions. Purchase GODS tokens on the By bit cryptocurrency trading platform today to make an investment in this exciting new GameFi project!

More to read: How Teenagers Can Earn Money from Play To Earn Games

How Teenagers Can Earn Money from Play To Earn Games

Cryptocurrency and the NFT craze have taken earning money via video games to a whole new level with the advent of play to earn games. Both young and old folks are no longer playing video games for fun. It seems everyone is looking for ways to convert their leisure time to money. And, that’s a great idea. 

Amazingly, the trend is becoming toxic as teenagers gradually become interested in joining the play to earn the gaming community. So, as a parent, how should you navigate this with your kids? Read on to learn you can guide your child to make money via play to earn games.

Once upon a time, kids played video games because they were fun. They spent hours getting to the next level, saving the princess, and defeating the bad guy. Afterward, they shut off the console, wiped off their sweaty palms, and called it a day. That’s not all; they would have skipped their lunch or ignored some necessary household chores. That could have been a waste of time. 

How Teenagers Can Earn Money from Play To Earn Games

But today, a new class of games has emerged—one with a whole new set of goals, including investment opportunities and potential earning streams. Even teenagers can seize the advantage and earn big. Welcome to the beautiful world of crypto-based video games known as “play-to-earn.” Yes, this is already very much a thing.

Play to earn games such as Axie Infinity, Blankos Block Party, the upcoming Illuvium, and Star Atlas have exploded in popularity recently, with complex economic ecosystems and winning graphics. Unlike popular games (like Fortnite and Roblox), where in-game currency had no value in the real world, cryptocurrency and the recent NFT craze have taken things to a whole new level.

Teenagers are very fond of playing videos games. They are the most likely to be caught up spending the whole day holding a game console all through the day. So, how do these play to earn games work for them? As a parent, should you encourage your child to participate? 

Yes! As a matter of fact, some play to earn games are suitable for teenagers. Here are some of the top games.

How Teenagers Can Earn Money from Play To Earn Games

What are play-to-earn video games for teenagers?

Axie Infinity

The current leader in this new space is Axie Infinity, a Pokémon-style game created by Sky Mavis’s Vietnamese developer. The game revolves around cute furry creatures called Axies, which players breed, acquire, train, use to complete challenges, and do battle with online. The game’s object is to obtain smooth love potions (SLPs), which can be used to breed new Axies that can then be deployed within the game. SLP is also a recognized cryptocurrency on exchanges—which can be converted to real money.  

Axies themselves can also be traded as NFTs (non-fungible tokens). NFTs are digital collectibles on online ledgers known as blockchains (such as Ethereum or Solana). They are better known for recently taking the art world by storm.

Late this summer, Axie Infinity passed one million daily active users and one billion USD in sales. This strategy-intensive game requires its players to be 18+.

Blankos Block Party

A much more accessible game is the colorful and wacky universe of Blankos Block Party by Mythical Games. Blankos Block Party is a multiplayer party game featuring digital vinyl toys known as Blankos. These funky minor characters, designed by mostly third-party artists—including fashion brand icon Burberry and DJ sensation Deadmau5—play and compete in various challenges and games often created by the game’s own players. 

“The creativity is amazing,” John Linden, CEO of Mythical Games, tells Parents. “I love seeing what our players come up with.”

Blankos Block Party is free to play and includes in-game purchases like past gaming models.  The difference? A secondary marketplace (Mythical Marketplace) is available. Owners can sell their collectible Blankos for much higher prices than their original investment. Players can even level up their Blankos through gameplay by completing set daily challenges, making their Blankos more valuable.

“We have been thinking about this space for nearly 10 years,” Linden tells their Parents. “Our mission with Blankos is to create a safe environment for players to become entrepreneurial within the games and where artists and brands can participate safely and showcase their work.” 

To play Blankos Block Party, the age requirement is 13, but you must be 18 or older to cash out. Linden confirms that the brand wants “to make sure we are fully compliant with local laws to protect the consumer.”

How Teenagers Can Earn Money from Play To Earn Games

With the success of current play to earn games, the industry has taken notice—and many more games are on the horizon: Star Atlas, a space exploration adventure, and Illuvium, the first blockchain-based AAA gaming title offering high-fidelity graphics, promise to take the level of gaming experience and revenue potential to the moon, somewhat literally. 

 

Should this be your child’s first paycheck?

How, as parents, do we anticipate this next generation of games will affect the actual next generation? Is this just a natural evolution of collectibles—or is it a tangible way to earn revenue? And if the latter, is that healthy? Is it safe?

Dr. Nisha Patel, a Child and Adolescent Fellow at the University of California San Diego, tells Parents that the most crucial aspect is guidance from a parent or adult guardian. 

“Ideally, a teenager is old enough to understand what it means to earn money and be in a structured environment where parents monitor spending,” Dr. Patel explains.Dr. Patel even thinks kids trading NFTs could be as harmless as kids trading or selling coins, stamps, or baseball cards. “This is a fair comparison, as long as some monitoring/regulations are implemented,” she adds.

In the end, Dr. Patel explains that “video games/gaming can be a wonderful hobby for a teenager and can be encouraged—as long as other responsibilities are being upheld and the amount of time spent playing is monitored.”

Supervised correctly, the play-to-earn model could assist teenagers in fostering early money management skills given guidance. “Most Pediatric Associations will recommend specific outlined times for hobbies like video games,” Dr. Patel points out. “For the most part, recommendations are 30-60 minutes on school days and two hours on weekends. The caveat being that kids should have homework/tasks/chores completed before video games and video games should not interfere with adequate sleep.”

Conclusion 

Now that games like Axie Infinity and Blankos Block Party are possible, it seems likely that the play-to-earn trend will continue to develop further. Many games have sustained online communities in the past. Still, by adding the ability to make money into the mix, play to earn games may be the most alluring type.

More to read: 10 Best Play-To-Earn Crypto Games In 2022

10 Best Play-To-Earn Crypto Games In 2022

The cryptocurrency play to earn gaming industry is worth billions of dollars due to blockchain technology enabling genuine, real-world trading of non-fungible tokens (NFTs). You can even use digital economies that pay you for playing!

Play to earn gaming are games that allow players to enjoy them in terms of gameplay, such as conducting battles, breeding their in-game characters, completing quests, or other tasks.

By doing so, they can receive some sort of in-game currency that can, later on, be used to purchase NFTs in play to earn gaming or transferred directly to a cryptocurrency wallet and sold or traded for tokens or currencies which can be used for real-world payments.

This is how players get paid by playing these play-to-earn crypto games and is one of the main incentives for players to engage actively within these games. It’s why ‘play-to-earn’ games have risen so much in popularity.

We will explain some of the top crypto games trading millions of dollars in value daily. Suppose you are quite new to the world of play to earn gaming blockchain. In that case, we recommend you dive into our previous informative blockchain gaming articles!

Top Play-to-Earn Crypto Games

1. Plant VS Undead

Plant vs. Undead is a versatile game. Its farm mode keeps players engaged with the opportunity to earn in-game light energy, which leads to tokens.

When a player controls his in-game assets in the form of NFTs (non-fungible tokens), there’s a way he can make more money by playing the game. That is what brings about the term ‘play-to-earn game.’

This game allows players to manage their farms and generate the in-game currency called Light Energy (LE). Presently, you can convert these Light Energy tokens into cryptocurrency tokens called PVU. You can then trade this token on several decentralized exchanges. 

10 Best Play-To-Earn Crypto Games In 2022

To earn LE, you’ll need to harvest seeds and perform daily quests, like watering other players’ plants and anything surrounding the farm.  Presently, the Plant vs. Undead Token (PVU) has a value of US$0.675261, which makes it a solid token to earn and could lead to a substantial payday after playing the game for a prolonged period.

Additionally, you can sell Non-Fungible token (NFT) plants on the marketplace. Common NFT plants will sell around 10 PVU tokens, and rare ones can go for over 100 PVU tokens.

Some players can plant plants and earn more light tokens, which can convert to PVU, while others can focus on the NFT sales on marketplaces. The play-to-earn game runs on the well-known Binance Smart Chain. But, you can use a valid MetaMask wallet if it’s connected to the BSC. Check out an how to play plant VS Undead Article for more

2. Gods Unchained

Gods Unchained is a game created by the same team behind the Ethereum layer-2 scaling solution known as Immutable X. The game runs on Ethereum and uses Immutable X, where decentralized applications (dApps) can trade peer-to-peer without fees. Up to 9,000 transactions can be processed per second (TPS).

Chris Clay, a former game director for Magic the Gathering, is currently the game director for Gods Unchained. This is a card game where players fight with other players using a deck of cards, core cards, and genesis cards.

Core cards are the cards you earn for free while playing the game. However, there are also card packs that players can buy if they want to skip grinding. These were sold before the play-to-earn game was launched and are no longer in production. This means that if you’re going to use them, you need to buy them from another player. All of the cards offered in the game can be bought and sold in the immutable X marketplace. 

This marketplace uses Ethereum as a currency, so you need a MetaMask wallet or another supported wallet. Each card has different stats and rarity; the rarer a card is, the more expensive it can be sold. 

10 Best Play-To-Earn Crypto Games In 2022

3. Axie Infinity

Axie Infinity was the first Ethereum-based play to earn the NFT game to hit US$1 billion in sales on August 8, 2021. The game has millions of active users. This is the most popular non-fungible token (NFT) game, created by a Vietnamese company known as Sky Mavis. It is one of the highest-revenue games on the entire blockchains.

Axie Infinity is essentially a Pokemon-inspired game where you can build a team of creatures called Axies. You can use them to battle players in the Arena mode or fight enemies in the Adventure mode.

4. Gala Games: Town Stars

Gala Games is a blockchain-powered gaming platform with various play-to-earn crypto games categories. The GALA coin is presented as a reward and a utility token for players’ in-game transactions within the ecosystems. 

In a Gala Games’ NFT marketplace, tokens can be traded. Still, in-game items can also be sold and collected by numerous cryptocurrencies at a set price, depending on their rareness.  Although items are collected within the games, Gala Games purposely uses blockchain to give players sole ownership of games’ items such as NFTs and ERC-20 Token on the Ethereum blockchain. 

5. Illuvium

Illuvium is a 3D RPG Open World play-to-earn game on Ethereum Blockchain with auto-battle gameplay. Like old-school RPG gameplays, The primary task of players is to win the battles, complete quests, and upgrade ranks. At the same time, rewards will be ILV Tokens, digital assets. 

NFT Illuvial is a creature with different skills players could collect and upgrade to win the battles. In the Illuvium marketplace, both NFT Illuvials and in-game items can be traded using real-world money like other play to earn NFT games. 

Conclusion

Play-to-earn NFT games are the hottest trend within the cryptocurrency space. With the various implementations of non-fungible tokens (NFTs), players are given more control over their in-game assets. Players can also earn tokens by playing the games directly or by creating and then selling in-game NFTs on specific marketplaces. These are the top play-to-earn games that will pay the most and are worth pouring your time into if you want something interesting to play.

Top 6 Less Known Facts About Axie Infinity

The NFT gaming industry is growing more expansive year after year. The truth is, it is becoming a fast-rising financial community as it is consistently wooing major investors from different parts of the world. Since 2018, one name has been constant in the NFT gaming world with massive hype everywhere – Axie Infinity.

Unless you are not a game enthusiast, you should have played or watched friends playing the game before now. Reading this article is enough reason you are interested in the game. Truly, Axie Infinity deserves the hype and the ever-rising number of users from different parts of the world. 

First, Axie Infinity is a crypto-compatible NFT game that allows players to earn Ethereum in the form of in-game tokens called Smooth Love Potion (SLP) and Axie Infinity Shard (AXS). These tokens have value in the US open market. So, you can use it to trade, buy or sell anytime, anywhere.  

How would you feel to hear that both Axie Infinity Shard (AXS) and Smooth Love Potion (SLP) have experienced dramatic growth in recent months? It’s something noteworthy. Of course, Axie Infinity is a game you need to play. Aside from the financial benefits, it offers generously; you will always be caught up in the amusement of the game.

But, before you take the plunge and dash to the company’s official website to download the game, you must know the essential facts surrounding the entire Axie Infinity concept. Are you ready? Here are the best eight.

1. Axie Infinity is a crypto-compatible game

Axie Infinity is a play-to-earn game that allows you to earn Ethereum in the form of in-game tokens. The Axie Infinity tokens are Smooth Love Potion (SLP) and Axle Infinity Shard (AXS). You can earn SLPs while you complete your daily quest, compete in the battle arena, or breed axies for trading.

Axie Infinity allows players to own digital assets which are potentially cryptos on screen. These digital assets are cute little creatures called Axies which are non-fungible tokens (NFTs). You can trade those axies and exchange them for hard cash. 

One fascinating thing about Axie infinity is that you can hold your in-game token in your bare hands as hard cash. Yes! Is that possible? Better still, you can use your in-game tokens to purchase real-life goods and services.

2. There are several Play-to-earn games aside Axie infinity

Axie Infinity is not the only play-to-earn game if you don’t know. So, if at some point you discover some downsides of Axie Infinity that you can’t cope with, you can easily switch to another game. You can read more about play-to-earn games by visiting https://www.techtimes.com/articles/271165/20220128/play-to-earn-games-simply-explained.htm

Though, Axie infinity seems to be the loudest name amidst the pool of competition. Yet, there are many more with equally juicy financial benefits. What makes Axie infinity so different is that the developers are consistently developing the products adding more exciting features to make the game more enjoyable. Then, Axie Infinity has its community. 

3. Axie Infinity requires you to make an initial investment

Many people don’t know this fact until after downloading the game and playing it. As much as everyone wants to participate in the game community, the truth is that you need to make the opening investment to purchase your starter team of three axies to play the game.

If you‘re an investor, you might be interested in buying Axie Infinity Shard (AXS) with the hope that it will increase in the future. However, Axie Infinity is not an investor-oriented game. Instead, it is a gaming community that allows token holders to partake. However, it can be expensive to participate in the community. It might cost you up to $200 to buy your initial team of three axies.

4. Axie has the highest revenue generation, more than the other top nine combined

Axie Infinity is not popping up everywhere in the NFT gaming world for fun. Could you permit me to give you the details? Token Terminal confirmed that Axie Infinity now boasts of generating over $1 billion for the past few months. That’s massive! As of writing, other play-to-earn games on the top ten list have a total revenue of $800 million for the same time-bound. Without a doubt, Axie Infinity is doing better in income generation and acceptability than other competing apps. What is super unique about Axie Infinity is that about 95% of its revenue belongs to the participants. Little wonder people are devoting more of their time to playing the game

5. Young folks are quitting their formal jobs to play Axie Infinity 

You have just read a shocking fact about Axie Infinity as its returns about 95% of its revenue to its players. What else could be an inspiring factor for anybody who needs quick cash to settle bills and expenses? 

Due to its seemingly endless financial benefits, many people are quitting their full-time job to resume as full-time players in the Axie Infinity community. Though, quitting a job that gives you stable wages or salary for a game where you can lose at any time is risky. Yet, many people are giving it all it takes to earn more by dedicating their 24 hours to the game. Click here to read about Steps to take in buying and selling Axie Infinity.

6. Axie is not available on US major exchanges

You might have heard about the availability of Axie on decentralized Exchanges. Of course, that might not be far from the truth. However, you can be surprised to realize that Smooth Love Potions (SLPs) and Axie Infinity Shard (AXS) are unavailable on US major exchanges. What does that suggest? They are not easy to purchase, as you might think.

Final Words 

Axie Infinity is a game to play when looking for ways to multiply your income streams. However, it doesn’t give you the best from both sides. Above all, Axie Infinity can be an excellent medium to earn a fortune over time. However, you need to take your time to learn about the game before spending your hard-earned money on it.

Steps to take in buying and selling Axie Infinity

You might be wondering if the saying about Axie Infinity is true. Trust me, playing this unique game will change your life completely. The phrase is sure and steadfast. You can invest in playing Axie Infinity and get a massive reward. The reward is what you can easily convert to money. Axie Infinity is not like other play-to-earn games in that their prize can only be used within the game. There are countless people out there living their lives based on their income from playing this game. I need to chip in something for beginners. Don’t look down on the fact that you can make real cash from playing this game. The news you hear about Axie Infinity is hundred percent correct. Therefore, I will urge beginners to register this game on their PC or mobile phones with a winning mentality. It is essential for you, as a beginner, to take note of some facts. 

Axie Infinity is such an excellent way of making money without stress. One can play this game in one’s comfort zone. I was shocked when a brother told me that Axie Infinity is his primary source of income.

However, I noticed that people face some challenges when it comes to buying and selling Axie Infinity. Some have been scammed, while some are even scared of investing. Remember, Axie Infinity deals with cryptocurrency. Without a cryptocurrency wallet, one cannot have access to play-to-earn. With that said, the crypto world has been congested with different brands. Therefore, one needs to be careful. 

Are you willing to buy Axie Infinity? This article is a unique guide for you. Here are the necessary steps to follow if you want to buy Axie Infinity;

Steps on how to buy Axie Infinity

Step 1

Compare crypto exchanges: A cryptocurrency exchange is the most straightforward way to buy Axie Infinity. This step is the first step you need to take. There are countless people out there that have failed in this aspect. People think they can just go online, search for facts about Axie Infinity and then proceed to do whatever information they see online. One particular thing you need to take note of is that cryptocurrency exchange has different prices. Not only that, but crypto also differs in security and payment methods. So, one must do thorough research to know the right one. Let me quickly chip in this for beginners. It is expedient to know that you don’t need an extensive range of features if you are a beginner. Click here to read more about the best crypto exchanges.

Step 2

Create an account on an exchange: The next step to take if you want to buy Axie Infinity is to create an account on an exchange. You might be wondering how you are going to do that. All you need to do is to sign up for an account. You can do that by choosing the Go on the site button. After clicking the Go on the site button, you will be directed to the account creation page. And that is where you will fill in your details. 

Some of the things they will ask you to provide are your full name, email address, and other relevant information. This step is crucial. Then, one must be careful in filling in the required information. The error must not occur.

Step 3

Credit funds into your account: This step is just a step away from getting your Axie Infinity. After you have opened or created an account on an exchange, the next step is to fund your account with a bank transfer. You can pay with a debit or a credit card. Not only that, I have seen people funding their accounts with a deposit cryptocurrency from a wallet to buy Axie Infinity.

Step 4

Buy Axie Infinity: This is the final stage. Now, you are free to complete your Axie Infinity. Then, find the best wallet to store Axie Infinity Shards. (AXS) Therefore, you can now proceed and enjoy the fun. 

Step to take in selling Axie Infinity.

The challenge does not stop with buying Axie Infinity. Some people are battling with the aspect of selling it. Are you worried about how to cash out your AXS? I want to assure you that you’re in the right place. Here, I will be listing and explaining the necessary steps to take if you’re selling your AXS. However, let me quickly chip in this that you can cash out your AXS with the same exchange you brought it through. Here are the necessary steps to take to sell your AXS. You can read about Where did GameFi come from? by visiting http://sinister6.com/where-did-gamefi-come-from/

Step1

Sign in to the exchange you have AXS on: If you’re worried about how to sell your AXS, the first step you need to take is to sign in to the exact exchange you have AXS on. After the first step, you can now move to the next step.

Step 2

Place a sell order: After signing in, the next thing you need to do is to place a sell order. Some people just sign in to the exchange, and they don’t know there’s a need to put a sell order. However, the amount of AXS depends on what you want. I mean, you can choose the amount of Axie Infinity Shards you’d like to sell.

Step 3

Complete the transaction: This last step is very crucial. You must complete your transaction. How can you do that? All you are asked to do is confirm the selling price and fees. Finally, don’t forget to close your sale of Axie Infinity. 

Closing thought

This article should mean a lot to you. It is a complete guide on how to buy and sell Axie Infinity. I believe you have found something tangible to run with. This write-up is not what you should enjoy alone. Therefore, I urge you to share the link to this page with family and friends. Do you have someone troubled about how to buy Axie Infinity? I hope you’ll be able to share what you’ve learned here with him. Finally, don’t hesitate to drop your question regarding this topic if you have any.    

Where did GameFi come from?

GameFi was founded as a result of a number of events dating all the way back to 2017 and the birth of the NFT phenomenon CryptoKitties. CryptoKitties, a digital collectibles market, was a viral hit, averaging over 14,914 users per day at its height. CryptoPunks, another Ethereum-based collection of 10,000 pixelated NFT games characters, had comparable success, topping $1 billion in sales in 2018.

Regrettably, the success of these NFTs demonstrated both the positive and negative aspects of blockchain technology at the time. Congestion on the Ethereum network was exacerbated by games like CryptoKitties, resulting in severe increases in transaction fees and much slower than typical transaction confirmation times. These technological challenges exposed a clear market need for more efficient and scalable systems capable of meeting the increasing demand from online gamers and virtual asset collectors.

Since then, a slew of other “Ethereum-killing” blockchains have arisen, promising increased transaction speeds, scalability, and lower costs. These include Solana and Cardano, which have lately reached fresh all-time highs as investors spend large on new decentralized application (dapp) competition.

The emergence of decentralized finance (DeFi) platforms during the course of 2020 was the next crucial component of GameFi’s evolution, offering a spectrum of blockchain-native financial platforms that are wholly powered by smart contracts. This enabled the establishment of decentralized exchanges from which in-game currency could be created and exchanged, as well as the inclusion of lending and staking functionalities. Visit https://www.investopedia.com/decentralized-finance-defi-5113835 to read more about Defi.

In September 2020, Andre Cronje, creator of Yearn. finance and inventor of DeFi, tweeted about gamifying monetary policy in a decentralized setting. He soon understood the many advantages that DeFi and NFTs might offer to the online gaming business, and GameFi apps began to emerge. Axie Infinity was one of the first play-to-earn NFT games to achieve significant success, exceeding $1 billion in revenue on Aug. 9, 2021.

What comes next?

GameFi has already achieved considerable popularity, with the combined market valuation of the world’s top games over $14 billion. However, prominent thought leaders in the cryptocurrency business feel this new sector has a lot more potential, with Tron creator Justin Sun recently declaring that this new sector will be critical to expanding bitcoin acceptance.

Crypto businesses and gaming firms are already rushing to capitalize on this booming trend, with a slew of new titles set to debut in the next months, including: 

  • Star Atlas 
  • Ember Sword 
  • Guild of Guardians 
  • Legends of Crypto 
  • The Sandbox

Additionally, complete gaming systems are being developed, such as MOBOX, which enables anybody to develop their own interoperable NFT games and NFTs. Additionally, it incorporates DeFi components like liquidity pools and staking, allowing players to earn money from their assets, which they can use to buy improvements or produce keys to open chests holding additional NFTs.

The world of GameFi does not seem to be slowing down anytime soon. With fresh investment and GameFi-specific funds flooding the market, the sector’s potential is limitless.

It is unavoidable that NFT gaming will gain traction. NFTs, or non-fungible tokens, are a kind of digital money that is stored on a blockchain and may be used to monitor the ownership of an asset wherever it moves, as well as to provide resale percentages to previous owners. For the world’s 3 billion gamers, the act of searching for unique objects, collecting limited trinkets, and unlocking uncommon art and mementos to touch and enjoy should be a no-brainer.

However, for many, NFT games remain a difficult sell. They might be intricate and suffer from bad user experience design (get ahead of this with our UX Design Foundations course). There is an inherent instability in NFTs, and their environmental effect in their present use is difficult to overlook. For gamers, the specter of loot boxes continues to loom large — these paid-for random bundles of stuff drained money from users. You can also read about Top 6 Less Known Facts About Axie Infinity by clicking here.

However, NFT games are one of the most significant new NFT games trends for 2022, and developers and publishers will find it difficult to ignore. We go into further detail on what NFTs are. the in-depth piece, but to learn what it all implies for NFT games, continue reading (or jump straight to our NFT games explained section). As more large publishers – including Square Enix, Ubisoft, Konami, Epic, Capcom, and EA – invest in or explore the usage of NFTs, it’s likely you’ll be developing for or utilizing them soon.

Which games make use of NFT?

The following are seven of the largest and most intriguing NFT games

01. Axie Infinity is one of the popular NFT games. This is a similar-to-Pokémon-style play-to-earn game.

02. Splinterlands, a trading card game powered by the zero-carbon cryptocurrency Wax.

03. Tom Clancy’s Ghost Recon: Breakpoint, another Triple-A game.

A game that utilizes Ubisoft’s own Quartz blockchain and is based on the low-carbon Tezos blockchain hosts Digits NFTs.

04. Alien Worlds, a communal metaverse game in which you may create your own world.

05. Farmer’s World, an NFT that prides itself on being the first farming-themed NFT. Construct an agricultural empire in a believable ecosystem.

06. Upland is a real-world address-based property trade NFT game. Purchase, sell, and exchange virtual property situated in real-world environments — this is referred to as ‘Earth’s metaverse’.

07. Crazy Defense Horses is a tower defense game that combines both Free-to-Play and Free-to-Earn gameplay modes.

How do NFT games generate revenue?

NFT games generate revenue by charging for access; for example, you must purchase an Axie creature pack in order to enter Axie Infinity (though you can now use a starter Axie for free but limited use). Alternatively, they take a cut of NFT games goods purchased and exchanged in-game.

Conclusion

The gaming industry’s future may very likely be defined by play-to-earn NFT games. Games like Axie Infinity have already shown that you may earn money just by playing a game, and this is only the beginning.

At the moment, there are around 3 billion players globally, and just a tiny percentage of them are aware of crypto, much alone play-to-earn NFT games, indicating that the future is bright.

Which NFT is the best for gaming?

Axie Infinity is widely regarded as the most successful non-linear time strategy game. According to NFT games tracker Dappradar, it has 3 million users and its in-game goods are worth $2.26 billion.