In the world of gaming, we are witnessing the birth of an entirely new segment called Crypto or NFT gaming. This new technology is designed to bring gaming to the next level and give users a chance to own a piece of the game or get rewarded for playing the game.
As of now, traditional games have run on the same pay-to-play principle, where users are buying and playing the game. However, that is all about to change with the introduction of crypto gaming which is tied to the Blockchain.
The technology behind crypto gaming brings many benefits for both the players and organizations. Thanks to the decentralization of the blockchain and smart contracts, game developers can create games with clear rules where you can play in order to earn rewards like tokens, crypto, and NFTs.
Let’s dig a bit deeper and find out more about crypto gaming and how can you earn crypto playing games.
What is Crypto Gaming?
Crypto games are very much different from the traditional games we are used to. They are built on top of a blockchain network that enables smart contracts, which opens up the opportunity for players to earn digital collectibles in form of NFTs, or tokens that will directly go to their digital wallet.
Crypto games also give plenty of ways for people to make money. These games are called play-to-earn games and they represent a whole new element in the gaming industry.
Most crypto games are based on the same idea where players can get their in-game items in form of NFTs such as cosmetics, in-game items, skills, and more. This gives the people ownership of their in-game character, which can later be sold on the blockchain for a profit.
Players can earn crypto or NFTs in various ways, and here are some of the best methods to earn from such games.
Just Play the Game
Most crypto and NFT games reward players just for playing the game. Can you imagine playing your favorite game while earning some in-game crypto tokens that actually hold some real value? It sounds like a recipe for success.
In such games, you can earn tokens and rewards just for fulfilling daily tasks or in other words just playing the game.
Staking
Crypto games actually have complex systems behind them that will allow you to stake your tokens or NFTs in order to earn some money. The system is just like depositing some money into a bank and earning a percentage.
Some games allow you to stake your NFTs and earn tokens with an annual yield percentage. This is a great way to use your NFTs that can bring you passive income even when you are not playing the game.
Entering Tournaments
Such games also organize tournaments where the player can compete with each other and are rewarded crypto tokens. These tournaments encourage players to become better at the game and possibly earn some money as a reward for their hard work.
Earn Tokens
Most NFT and Crypto games have their own in-game currencies which are basically cryptocurrencies tied to a blockchain. These cryptocurrencies or tokens are rewarded to players for various things such as completing daily tasks and playing the game in general.
These crypto tokens can later be converted into fiat money thanks to the compatibility of the blockchain. You can easily convert in-game currencies to popular cryptocurrencies and exchange them for some real money.
Sell the NFTs
NFTs or non-fungible tokens are digital collectibles that actually have some value. The value of NFTs comes from their utility, rarity, and use in the game. Such games reward players with NFTs all the time and you have an option to purchase NFTs with in-game tokens.
These NFTs can rise up in value and you can earn by selling them on a third-party marketplace like OpenSea. This means that you can design your character and obtain NFTs while you play, and at any given moment you can sell all of them for a profit.
