NFT Gaming Development: Transforming Gaming into Income-generating Activity

NFT games are experiencing a great rise in investment and user engagement, gaming NFTs have gained huge popularity with companies in the domain facilitating the trading of digital assets. NFT gaming development makes complete business sense as everything about gaming is digital- be it every moment, achievement, or sellable content.

NFT games are the new trendsetters, gaming NFT tokens worth millions are being sold worldwide. Gaming NFTs stand out from the rest, unlike other NFTs that consist of a song or an image, gaming NFTs have utility value attached to them. In 2017, a mobile game called Spells of Genesis first introduced players to non-fungible tokens (NFTs). In today’s time, we see the quality of NFT games is on par with mainstream games. NFT Gaming Platform Development companies come up with new and innovative NFT games seeing the surge in players’ interest.

Let’s see the Ways which Make NFT Games an Income-generating Activity

NFT games are building new wealth opportunities for players. They are a great way to earn money while entertaining oneself. Let’s see how NFT games help players earn money:

Play-to-earn (P2E)
As per Playtoearn.net, there are over 800 blockchain-based video games that help players earn rewards in the form of cryptocurrency or NFTs, and out of these 800 games, around 200 are live. The leading play-to-earn NFT game is Axie Infinity, which came into existence in March 2018 and has a valuation of $3 billion. The game became immensely popular during the pandemic in 2020 when it launched its governance token AXS onto public exchanges. It has surpassed two million daily active users.

The in-game currency of most blockchain games can be exchanged for other cryptocurrencies or you can cash out. Some games require players’ active engagement while some are passive. CryptoBlades and Axie Infinity require an active engagement where players engage in battles to earn, while there are other games that require a passive engagement, where players start the game mode and in-game characters do all the work to go from one level to another. NFT Gaming Development has surely helped players earn rewards by giving their time to games.

Breeding
Breeding is another way in which one can earn passive income. Breeding in blockchain simply means minting new tokens to put in circulation. NFT Game Development companies keep in mind how they can help players earn more rewards and money. For instance, in CryptoKitties, players can utilize a male and female cat to create new cats to sell on NFT marketplaces. Features of the new cat depend upon parent’’ attributes. Breeding requires an investment at first as you need to buy valuable parent NFTs. In CryptoKitties, the average value of a CryptoKitty is $65, and some have been sold for over $2 million.

Rent-to-earn
Not a fan of playing online games? Fret not, you can still make money from play-to-earn NFT games by owning NFTs and renting them to guilds. For instance, a person who wants to start playing Axie Infinity needs to buy 3 Axie characters; these Axie characters (NFTs) are priced at $400 each. Players who don’t have money to start playing NFT games, apply for a scholarship program through a guild, which shares the earnings with the player. So, you can rent your NFTs to a guild and make money. NFT Gaming Platform Development providers have taken a cue from top games to provide players with better opportunities to earn money.

Invest in NFT games and Guilds
Investing in NFT games and guilds is a great option for those who are not interested in playing NFT games and who don’t own game NFTs. It can be done in three different ways.

Before launching its token on a public exchange, typically, there is a pre-sale round on Launchpad. This way, the public gets an opportunity to invest in the token, and the pre-sale value is much lower than the initial exchange offering. The NFT Game Development Company provides a limited time and limited allocation amounts, hence one needs to act fast.

If you miss the opportunity during pre-sales, you can still invest in them when they are publicly available on an exchange. You can buy them directly from the exchanges.

The third way of investing depends upon how the token utility is designed- you may be able to stake your coins. Staking consists of locking your tokens to earn rewards. This way, the holder is making tokens available for others to make exchanges.

Summing Up

NFT games are a great way for players to earn rewards. NFT games provide value to players who spend hours playing online games. There are numerous opportunities in NFT games to earn money- both actively and passively. NFT Game Development Company, Antier provides world-class NFT game development services to a global clientele. The company ensures that clients get the best services at competitive prices. Have an NFT game development idea in mind? Get in touch today!