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NFTs, short for Non-Fungible Tokens, are blockchain tokens that represent unique items. This trait makes them perfect to use as characters, consumables, and other tradable items in video games. This blog will discuss NFT games and showcase some of the best ones gamers and investors should look out for.
- NFTs, or Non-fungible tokens, represent unique items that can be used as digital assets, crypto gaming coins, or even real estate.
- There are also NFT games that use the play-to-earn model that allows players to profit, especially in low-income countries.
- Some of the best NFT games are considered Axie Infinity, My Neighbor Alice, and Aliens World.
Crypto NFT Games and How Do They Work
Non-Fungible Tokens have many uses, such as a collectible piece of crypto art, digital assets in games, or even real estate. These tokens have solved the long-standing problem of producing decentralized digital collectibility and ownership. As the name suggests, they are non-fungible, meaning each token is special and cannot be exchanged for another token identically. To create, swap, and implement NFTs in a game, developers create smart contracts (self-executing pieces of code kept in a blockchain) that set the rules for the NFTs used.
There are also NFT games, which use these tokens in their mechanisms, rules, as well as player interactions. For example, your unique character/avatar, the items you find in the game could be represented as an NFT. These can then be swapped or traded with other players to gain profit. A new play-to-earn model enables players to generate income through NFT games, which we will discuss the best ones later.
Play to Earn NFT Games
As mentioned, such games allow users to generate income through playing. Usually, players get rewarded with tokens and sometimes even NFTs and earn more the longer they play. Often, the tokens they earn are required as part of the crafting process of the game.
Between these two, the token method is considered to be more stable, as NFTs are more chance-based while tokens can be earned steadily by plating. Users in low-income countries also use play-to-earn as a boost or alternative to social security or fixed income.
Best Play to Earn NFTs for Gamers and Investors
One of the most well-known NFT games is Axie Infinity, a Pokemon-inspired game. In it, players raise, battle, and trade fantasy creatures, which are named Axies. To play, you can either make an initial investment of 3 Axies or receive a free Scholarship from another player. Once the players have a Starter Team and start completing challenges and tasks, they can earn the in-game currency, Smooth Love Potions (SLP). Also, each Axie is an NFT that can be sold or purchased on NFT markets.
My Neighbor Alice
My Neighbour Alice (MNA) is a multiplayer world-building game. It has both an entertaining experience for regular gamers and an ecosystem fit for NFT collectors and traders. Here players can use the main in-game currency, Alice, for transactions in the game, like buying and owning virtual land, or DeFi services such as staking and collateralization. The in-game reputation system also allows players to unlock additional benefits if they are excellent landowners. Aside from land, in-game assets such as animals, vegetables, houses, and even cosmetic items for their items can also be purchased and used. Since the supply of available land is limited, the prices also fluctuate in the market.
The Alien Worlds game is an NFT Metaverse that is spread over 7 planets. Metaverse, in this context, refers to virtual 3D universes that provide businesses and users with limitless opportunities for transferring real-world assets and services. The game’s purpose is to gain Trilium (TLM), the in-game cryptocurrency that can be traded for real money. To compete for a part of the TLM prize pool, players can mine TLM or dispatch virtual spaceships on missions across the Metaverse. After completing a mission, each player can gain up to five NFTs. Also, players can compete against one another while exploring the various planets in the game.
Our next game is planned to be released in the first quarter of this year. Illuvium is another Pokemon-inspired auto-chess game. In it, players travel the open world, capturing NFT customizable creatures called Illuvial. You can use an NFT marketplace to exchange all of Illivium’s in-game assets, including Illuvials and objects.
My DeFi Pet
My DeFi Pet, as the name suggests, is an NFT game that allows you to raise virtual pets and compete against other players. The rarer the pet, the more valuable it is. Although the game is in development, you can already earn money by playing and farming.
The NFT games market will undoubtedly continue to expand, gain popularity, and have wide use. NFT gaming creates rules that allow players to interact with each other’s NFTs using digital collectibles. As you probably noticed, while some people collect NFTs for the sake of collecting, others seek them out for their utility, somewhat similar to trading cards. And although we only mentioned three play-to-earn NFT games, there are many more for you to explore.
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of EGG Finance. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.