Technology

What are games for money and how do I make money from them?

CRYPTOCURRENCY is being incorporated into certain video games, which means players can get paid to play.

The games are using blockchain technologies like non-fungible tokens (NFTs) as rewards and they have monetary value.

Axie Infinity is the most popular pay-to-play game

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Axie Infinity is the most popular pay-to-play game

What is a game to earn money?

A game for money is any video game that mines cryptocurrencies to reward players with something of value in the real world – as well as the virtual world -.

The rewards given as part of these games tend to be NFTs, the only cryptographic tokens that can be used to prove ownership of content like images or music.

The NFT will represent in-game content, such as virtual tools or weapons used as part of the game.

After players win them, these NFTs can be traded for other in-game assets or sold for money on the NFT market.

What are the most popular money making games?

The most popular money game is Axie Infinitya monster fighting game released in 2018, in which cartoon creatures known as Axies represent the NFT.

In countries like the Philippines and Indonesia, people are playing Axie Infinity to support their families.

Splinterlands, a game where players trade cards depicting warriors and representing the NFT, is also popular.

In Alien Worlds, another popular monetization game, NFT-backed assets include land, tools, weapons, and avatars.

More NFT games that attract many players

Which monetization games will be released in 2022?

Both game developers and NFT owners are taking advantage of the emerging money game industry.

Bored Ape . Yacht Clubwhich owns 10,000 NFT images, has announced a partnership with game software company Animoca Brands to develop a new monetization game.

NFT owner The Forgotten Rune Wizard Cult has teamed up with game developer Bisonic to build a play-for-money game that will likely include NFT-backed assets like land used for construction Virtual World.

Loopify, a popular NFT collector, is developing Treeverse, a massively multiplayer role-playing game with artwork inspired by titles like The Legend Of Zelda: Breath Of The Wild.

How can I monetize the game play for money?

To monetize games for money, you need to sell NFTs earned on the NFT marketplace.

Some pay-to-play games, such as Axie Infinity, require players to purchase NFTs from the NFT marketplace before playing.

Of course, success depends on your gaming skills, but it’s important to remember that making money through NFT requires caution to avoid scams.

An example of a common NFT scam is “carpet pulling”, when the developers of an NFT project give it up partially and disappear with investors’ money.

Sudden hype around a project and a spike in coin prices can lead to some traction, while projects that lock in their aggregate liquidity for a fixed time tend to be safer.

https://www.thesun.ie/tech/8310885/make-money-play-to-earn-games/ What are games for money and how do I make money from them?

Fry Electronics Team

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