5 NFT Games You Can Play To Earn Cryptocurrency Rewards
As the crypto market grows globally, the non-fungible token (NFT) industry is also generating intrigue. Built on Blockhain technology, NFTs are virtual representations of real-life objects such as video games, songs, and paintings, among others, that contain actual currency values and can be purchased using crypto. -coins. The NFT sector has, in recent times, made its way into the multi-billion dollar gaming industry, leading to the creation of – NFT Games. Some of these games actually reward players with valuable cryptoassets.
These games have tokenized game assets that allow players to collect them in the form of non-fungible tokens (NFTs). In order to help players earn money while playing, NFT games allow players to accumulate and trade playable characters, weapons, vehicles, and other in-game assets as NFT. Depending on the rules of each game, players can either sell their NFTs for profit or accumulate them until they bring in crypto rewards from the game without having to give up their assets.
People with an inclination for gaming as well as the crypto space are apparently entering the NFT gaming mood.
For example, Sky Mavin, the Vietnamese parent company of NFT game “Axie Infinity” has reached a market valuation of nearly $ 3 billion (around Rs. 22,377 crore) in recent times. In addition, the native Ethereum blockchain-based encryption token from the Axie Infinity game called “AXS” hit an all-time high of over $ 155 (around Rs. 11,500) on October 4.
Here are five games you can play to earn cryptocurrency
Gods unleashed: Released in September 2020, it is a free-to-play card game that combines NFT components with the traditional card trading game. Players must obtain high ranking cards from other players by winning matches.
The high-quality cards can then be exchanged for cryptocurrencies on the platform’s marketplace. The game is built on the Ethereum blockchain, so players make Ether transactions.
So rare: This one goes to the football fans out there. Sorare is a fantasy soccer game where players have to buy, sell, trade and manage a virtual team. The game represents players via digital cards built on the Ethereum blockchain.
Players can earn Ether cash or crypto by creating a team using soccer player cards and participating in competitions. Ether tokens are awarded to players as a prize in this game developed in 2018. Ether is the second most popular cryptocurrency in the world.
Land of evolution: It is a new world game that has 26 continents contained by the elements of earth, fire, gold, water, wood and silicon. Players have to engage in activities such as construction, mining, science in player versus player format. Players must create crypto wallets to send, receive, and manage crypto assets from other players, as well as in the form of in-game rewards.
Delta F1 time: A car racing game based on the Ethereum blockchain where players must collect cars, drivers, components, and trinkets as fungible tokens – which are small, divisible tokens that can be used to create larger amounts of crypto. In-game components can also be sold as NFT – which can be kept or sold for Ether values.
Running Zed: This is an NFT horse riding game, where players have to purchase the NFT cards of their horse choice. By winning races, players can make substantial profits by exchanging their NFTs for cryptocurrencies.
The NFT gaming industry is expected to grow along with the crypto and traditional gaming and electronic games industries.
According to the research platform Statista, the global gaming market will be around $ 200 billion (around Rs. 14.94.768 crore) by 2023. The overall market capitalization of the NFT market, meanwhile, has reached a value of over $ 22 billion in 2021.