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what is play to earn nft game

What is a Play-to-Earn NFT Game?

Play-to-earn (P2E) NFT games allow users to earn cryptocurrency or NFTs while playing online games. NFTs earned from P2E games can often be auctioned on NFT marketplaces. Other P2E NFTs will enable you to earn cryptocurrency by staking the NFT. In most cases, the NFT game crypto earned from P2E games are a form of in-game currency.

Still, P2E games occasionally allow users to earn popular cryptocurrencies like Ethereum. Popular P2E NFT games include those like Axie Infinity, Alien Worlds, and The Sandbox NFT game. Axie Infinity is one of the most popular NFT mobile games; it allows users to balance each other for in-game NFTs that can be sold to other users.

What is a blockchain game? 

Some people believe that blockchain games actually exist on the blockchain, but this isn’t the case. Blockchain games are online games that typically include in-game items stored on the blockchain.

The in-game item files are usually stored on the InterPlanetary File System (IPFS), and the NFT points to the IPFS file. CryptoKitties was the first well-known blockchain game. The CryptoKitties game allowed users to breed and mint new NFT kitties that could later be sold on NFT marketplaces.

How will NFT gaming be beneficial for gamers?

NFT gaming gives players a new way to monetize their hobby. Before NFTs were added to games, users were unable to sell the unique armor, weapons, and items purchased in their favorite games.

Eventually, NFT games will allow users to earn valuable NFT items with little to no blockchain experience. For example, the upcoming game Big Time aims to function just like any other action RPG game but with powerups and items that are NFTs.

What are NFTs in gaming?

NFTs in gaming are usually items, powerups, weapons, armor, and unique characters. The blockchain gives users a unique way to store and own their gaming items outside of the actual game they’re playing. Because the items are stored on the blockchain, users can easily trade and sell their items to other players.

Some critics argue that adding NFT items to video games will make all games pay-to-win. Although some games may use a pay-to-win model with their NFT items, others will allow players to earn NFTs for free by playing and potentially even profit from their in-game items.

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