POLKACITY combines the power of cryptocurrency, NFT and games to create a virtual world where users can earn money as they play.
As the popularity of the metaverse game skyrocketed, here’s everything we know about the “GTA of crypto”.
What is Polkacity?
PolkaCity is a contract-based metaverse game where players can invest in virtual assets to earn cryptocurrency.
However, this metaverse game is positioning itself as the “GTA of crypto” – adding a Grand Theft Auto-style gameplay to the mix.
The project encourages players to invest in non-fungible in-game assets (NFTs) such as cars, gas stations, car washes, and hot dogs.
In turn, these will begin giving investors a passive income in the game’s native currency POLC.
As of January 2022, 1 POLC equals $0.41 (£0.30), however its price peaked in November 2021 at $2.52.
How does Polkacity work?
PolkaCity works completely in virtual Crypto universe – metaverse.
Virtual City combines the decentralized finance (DeFi) token Polkadot and NFT to create a marketplace where investors can earn passive income.
The game uses POLC – its main token.
POLC is used for in-game transactions, as well as for the sale and purchase of assets such as land, buildings, cars, and pets.
While it works in a similar way to other metaverse games, what makes PolkaCity unique is its inclusion of a gameplay similar to Grand Theft Auto.
But the main difference between GTA and PolkaCity is obvious – gamers can make real-life profits from playing crypto games.
The full version of PolkaCity is yet to be released, but a high-quality demo has excited investors.
Users can customize their avatar, buy and sell land, or choose to open businesses such as car washes, gas stations and hotels.
How to make money in Polkacity?
To make money on PolkaCity you will need to invest in in-game assets that, as the game grows in popularity, will bring you money.
Like most blockchain-based monetization games, PolkaCity requires an initial investment.
You will also need a virtual wallet – PolkaCity recommends it MetaMask.
Without a wallet, you will not be able to register, buy or sell NFTs on the game.
Although the full version is yet to launch, thousands of properties have already been sold.
Follow Insiders, 37-year-old investor Robert Doyle made nearly $100,000 in six months, by investing in an in-game auto repair bank.
However, Doyle took a big gamble investing in the game, unsure of his return – he put in the repair shop $23,000 and $3,500 to the bank.
When the game launches, he hopes to reap even greater profits, as players start paying him to use the repair shop.
Players can purchase other properties such as discos, galleries, gas stations, and even pets.
According to the PolkaCity roadmap, the game will also soon add casinos, where profits will be split between the business and the NFT casino owner.
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https://www.thesun.ie/tech/8238458/polkacity-how-to-make-money-crypto/ How to make money in the crypto game play for money