Issue #3: Understanding NFT Games: Earn while you play

#3・
10

issues

Subscribe to our newsletter

By subscribing, you agree with Revue’s Terms of Service and Privacy Policy and understand that Web3 and Blockchain Trends by Daccred will receive your email address.

Web3 and Blockchain Trends by Daccred
Web3 and Blockchain Trends by Daccred
Africa and most developing nations are at the peak of these NFT games as it seems like they fit right through it just like a round peg in a round hole.
With the first play to earn game flourishing and enriching people in the developing country of the Philippines, no one would doubt that.
NFT games have transformed into one of the best ways to earn a living in recent years after the first boom of Game-fi happened through Axie-infinity play to earn games.
It’s no surprise that the majority are familiar with this method of earning. And some still find it difficult to believe that it is possible to play games and earn money while doing so.
They don’t believe in the ease that comes with sitting in your comfort playing games and never having to go broke. As people are beginning to trope into the gaming world to make a living, it is possible to now do this.
At this stage, you are probably wondering what play-to-earn NFT games are and what the fuss is all about. If you are one of those confused and unsure about it, continue reading, you will be enlightened because this article is tailored to explain what play-to-earn games are all about.
You can draft, design, and issue credentials like passes or certificates as NFTs today using Accred. It is a no-code platform you can easily get started using right away.
What are Play-to-Earn NFT games?
Play-to-earn games just as the word implies are the result of playing blockchain games and earning. Most times, gamers can earn tokens as they play and move from one stage of the game to another. Some of these tokens earned in the play-to-earn games are tradable on some crypto exchanges. 
To make the play-to-earn games interesting, game developers programmed their games to drop NFTs infrequently that can be either used to continue upgrading in the game or sold to others who are also playing the game. These NFTs in the game could be anything from skins, characters, weapons, virtual lands, etc.
For example, the play-to-earn game mentioned earlier, Axie-Infinity, rewards gamers with a token called SLP (Smooth Love Portion) which is trading on Binance, Kucoin, Okex, FTX, etc and sometimes rewards gamers with NFTs.
Some of the most well-known play-to-earn games aside from Axie-Infinity are: So rare, Splintered, Gods Unchained.
A really good example is how NestCoin just recently launched MetaverseManga, Africa’s first and largest crypto-gaming DAO. Play-to-earn with the Metaverse Magna. Where any gamer, pro-gamer, or Newbie can join and can play
Metaverse Magna
Charles, Ciko blade, Mirabel & Franklin— all real gamers in our growing community!
Metaverse Magna is creating access to crypto-powered games for African Pro-gamers and Newbies to play and earn. You could make up to $1000 a month once you enter our scholarship program. https://t.co/jp4RA3rIU6
You can draft, design, and issue credentials like passes or certificates as NFTs today using Accred. It is a no-code platform you can easily get started using right away.
Can One Lose Money In Play-to-Earn Games?
The basic answer is yes.
Every game has its own rules, and occasionally, a player could be found violating those rules and this will automatically lead to a loss.
You should also consider the fact that play-to-earn games offer NFTs which are speculative at best. NFTs turn to money when someone buys it and as such, it is solely dependent on what people are willing to pay for it. 
Another very common way gamers lose money here is when they are scammed and send their NFTs to a scammer. Sending NFTs to an incompatible wallet would result in the loss of the NFT. 
Wrapping up
Play-to-earn games have come to earn and liberate game lovers. No more would the playing of games be considered as time-wasting.  Careers are now built around games and we have barely scratched the surface of this wonderful phenomenon.
Did you enjoy this issue? Yes No
Web3 and Blockchain Trends by Daccred
Web3 and Blockchain Trends by Daccred @daccred

Draft, Design and Issue Web3 Credentials (Certificates & Badges) as NFTs to your students, participants and community on any blockchain.

In order to unsubscribe, click here.
If you were forwarded this newsletter and you like it, you can subscribe here.
Created with Revue by Twitter.