NFT , or non-fungible tokens, are digital assets in the blockchain with identification codes and metadata that distinguish them from each other. NFTs are intangible objects, including videos, GIFs, images, and even games. And it was NFT games that became the perfect way to combine your favorite hobby with making a profit.
NFT games are games that involve non-fungible tokens. Unlike other forms of digital assets, NFT games are not only designed to store collectibles in a wallet, but also involve player interaction, purchasing avatars and weapons. NFTs in games are various assets: in-game items, clothing, special skills, etc. Anything you purchase or find could potentially be an NFT.
What is the difference between regular and NFT games
NFT games differ from regular games in that items purchased or earned can be sold or traded in-game for real money. Additionally, there are NFT monetization game models that allow users to earn income while playing. In these games, participants are rewarded with tokens or NFTs. Earned tokens are often required as part of the game creation process. Token winnings are usually more stable because tokens can be consistently earned throughout the game, while NFT drops are based on luck. These types of games mostly require an upfront investment, which must be “recoiled” before starting to earn money.
According to DappRadar, the play-to-earn model generated $4.8 billion in revenue in 2021. Companies see the potential for continued revenue from NFT games. Such games could potentially provide content creators with new ways to monetize their work through digital art, collectibles or in-game items among millions of players.
To exchange, create and implement NFTs in the game, developers create smart contracts that make up the rules for the NFTs used. Smart contracts are self-executing pieces of code stored on the blockchain.
The appeal of NFT games is that they compose unique and limited tokens that can be exchanged for other digital assets that exist in a decentralized digital database. This allows gamers to have ownership with the ability to exchange, create and redeem NFTs in-game.
The amount of money you can earn playing will depend on the specific game mechanics and market demand. Funds come from other users who value NFTs or cryptocurrencies earned in the game. You will need to cash in your goods by selling them in the market, exchange or auction. In such games, the value is special tokens, or in-game NFTs.
What are in-game NFTs
In-game NFTs are another way to generate income. Instead of earning an ERC-20 variable token, you earn an NFT that is a collectible. Digital assets will vary in value based on their appearance, rarity, or in-game utility.
One example of this type of game is CryptoKitties , which relies solely on collecting in-game NFTs.
Most of the newer NFT games offer a combination of play-to-earn and in-game NFT models. Previously an obscure virtual asset known only to tech geeks, games with in-game components of non-fungible tokens are gaining popularity as video and mobile game companies enter the digital asset world.
The wide range of uses of in-game NFTs allows players to use them as characters, goods, special abilities, tradeables, and as a means of generating income.
The most popular NFT games
Not all NFT games are created equal. You can find them in different genres and styles to suit any taste, so choose depending on what your goals are – just to play or try to make money. To make your choice easier, here are some of the best NFT games.
It is a strategic collectible NFT card game based on the “play to earn” model. This free-to-play game gives players full ownership of their in-game items, meaning they are free to sell, trade or use their cards as they wish. New players are given 140 cards at the beginning to understand how to play.
Each card has a unique ability and is categorized by rarity, tribe, mana cost, god, and set. Mana is an attribute assigned to characters in role-playing or computer games that indicates the amount of energy used to cast special abilities or spells.
Some cards allow you to summon creatures, give health to others, take additional cards, etc. Players can collect cards by buying them from other players or by winning PVP (player versus player) games. The idea of the game is to create decks that can fight with different tactics to outsmart your opponents. In PVP matches, you can win when you manage to reduce your opponent’s life to zero before they can. You get experience for every victory. When the experience bar is full, you can get a new deck of cards and advance to the next level.
Gods Unchained is successful because it’s free and because it uses NFTs to enhance its traditional ideas. Cards can be bought and sold for real money on the Immutable X crypto market and in-game as GODS tokens. GODS tokens are also used to merge and upgrade cards to create new rare versions or purchase card sets.
This is another representative of the “play to earn” model, which involves earning Trilium (TLM), which is used to gain control over Planet Decentralized Autonomous Organizations or Planet DAOs, as well as access additional gameplay. It simulates economic competition and encourages players to participate in council candidate elections or run for planetary council.
In this metauniverse of non-fungible tokens, players can complete missions and unlock new NFTs, which can then be used to mine trillium or for battles. NFTs come in different levels of rarity that determine their in-game value.
This game allows users to earn AXS tokens that can be used to manage the platform. Players start by purchasing three Axies digital pets and breed them to eventually create generations of these creatures. Each Axie leaves a genetic imprint on its offspring, passing on its characteristics, weaknesses and strengths. Ideally, players should try to create a rare breed of Axies with unique traits to fetch a good price for them on the Ethereum NFT trading platforms where these creatures can be sold.
The game features standard modes such as Quest, Player-PvP Battles, and Adventure, each of which earns Smooth Love Potion (SLP), an in-game token used to pay for breeding Axies. In many ways, Axie Infinity is a “normal” Pokemon-like game, but because your Axies are registered on the blockchain, their rarity and value can earn you real money. To compensate for the market forces built into the game, Axie Infinity now has a free-to-play model, so players can join without having to pay, but their Axies have limited development.
According to Axie Infinity, the most expensive Axie ever sold cost $820,000.
It’s a football and baseball card game that allows players to create lineups and build strategies. Users can compete in weekly tournaments using trading cards that represent professional players. The game experience is based on real events and the performances of the players in your deck. Cards are divided into four levels of rarity that determine their value on the platform: Limited, Rare, Super Rare, and Unique. Players own these NFT cards to trade with other players or sell them on the open market.
Users receive a free starter pack after registration. They can then get more cards during the game. However, to climb the divisions and progress in the game, you need to buy the most unique cards.
This NFT card game also allows users to earn. The main difference is that you need to buy your own set of cards to start playing. Each card has different characteristics: mana cost, level, experience, ability and rarity. You can find cards that allow you to regenerate health, deal double damage, reduce speed, and more.
Players can trade their cards with anyone or rent them out to other players. They can also combine different cards to gain levels or even convert cards into cryptocurrency. Splinterlands cards are also compatible with third-party trading platforms such as Open Sea, PeakMonsters, Monster Market.
In Splinterlands, you can earn rewards by participating in tournaments and ranked games. Players can also complete quests to earn these rewards, such as Dark Energy Crystals, Card Sets, Magic Potions, and Trading Cards. Crystal is a digital currency that can be exchanged or used for in-store purchases.
It is a game that allows players to take a virtual pet (Dogami) and raise it to its full potential. Players can train their pooches, customize them and create unique traits. These Dogami NFTs have over 300 different breeds. They have four different levels of rarity—bronze, silver, gold, and diamond—that determine their market value.
Players can compete in challenges and earn DOGA tokens, the local currency. DOGA tokens can be used to buy clothes for your digital wardrobe, breed pets, buy consumables and reserve tickets for events.
This is a project in the style of retro role-playing games, in which NFTs are intertwined with nostalgic fantasy pixel art. DeFi Kingdoms is a good example of using NFTs in games, as the project combines the benefits of non-fungible tokens with classic game design.
You can play DeFi Kingdoms just like a retro role-playing game – scavenging for items, managing game resources, and developing your hero. DeFi Kingdoms accumulates Jewel tokens that can be converted into Harmony One cryptocurrency. It is worth noting that this game is not free.
This is TreasureDAO’s first game with an incredible ecosystem that uses MAGIC token as currency. The goal of Bridgeworld is to collect treasure in a variety of ways, from questing to mining. Owning treasures increases your staking potential in Atlas Mine.
Besides developing some strategies, players can join community guilds to increase their mining power. Behind the rich world is the gamification of NFTs and the metaverse.
This is one of the best social NFT games out there: it’s an entire meta universe that allows players to come together and develop a world of endless possibilities. In this game, runes form a building block and are needed to develop the game’s NFTs: the so-called Paragons. They also affect various game elements such as attributes, strength, profitability, and runic energy. Earth, Stone, Wood, Rubber, Plastic, Crystal, Metal, Gem, Onyx, Krypton, Pythium, and Paranium are the different types of runes available in the metaverse in order of their value.
Parallel has tons of games within games, such as The Rune Hunter Series. This series of games consists of three parts that introduce the storyline of the metaverse and its mechanisms that allow you to earn money.
It’s an exploration game where players can travel through seven alien landscapes and collect the unusual creatures they encounter. These illuvial creatures have unique abilities that can be upgraded, which will also increase their value.
Players can sell or trade these illuvials in the market along with other NFT items and farmed materials. Players can earn cryptocurrency in ILV tokens, which are in-game rewards that can be earned by participating in tournaments or events, completing PVE quests, and unlocking special achievements. Players battle other players in the Leviathan Arena to prove their skill, while other users place bets on these matches.
Things to consider before you start playing
The main rule of any crypto investment: invest only what you can afford to lose.
In NFT games there is also a risk of losing funds. The exact amount depends on the type of game, its mechanics and the value of the NFT. Because NFTs are speculative and their value depends on what people invest in them, your losses also depend on market forces.
In order not to lose your virtual asset, be sure to familiarize yourself with the rules of the NFT game in detail. Some games allow you to use NFT consumables. For example, it can be a virtual weapon or clothing that carries less value than non-fungible tokens.