NFT games might be an emerging market in the gaming world, but their popularity is already taking the crypto-gaming space by storm. It might just be the start for this exciting platform, but with many upcoming projects in the pipeline, the future seems bright. Of course, with any innovation that enters the space, come a myriad of questions. What are NFT games? How does this new game economy work? Can you really earn money through NFT games?

Our FAQ guide aims to answer all these questions and many more. We’ve put together this selection of questions and answers to iron out any minor concerns you might be mulling over. If you’re new to the genre or would like to gain further insight on this new gaming frontier, be sure to reference our detailed set of answers to get a better idea of what NFT games are all about.

What is an NFT game?

NFTs or Non-Fungible Tokens are digital tokens with tracked ownership and limited availability. Their very nature makes them ideal for games, with a currency that can be traded or sold accordingly. NFT games implement these tokens at the heart of their gameplay. This can be in the form of in-game characters, skins, items and even entire levels or dungeons. The gameplay loop at play here gives players the chance to obtain NFTs throughout the game. Although NFT games are still the new kid on the block, there is already a healthy selection of games across a variety of genres. The level of NFT inclusion varies from one game to another, but in some cases, NFT games have even introduced a play-to-earn model which allows for players to consistently be able to earn NFTs through the gameplay loop. You’ll find different NFT games across a variety of genres including creature games, sandboxes and even MMORPGs.

What is the Best NFT Games to Make Money

With the prospect of making real money at the heart of these games, you’ll want to know what titles are available and which ones offer the best play-to-earn prospect.
One such game that has proven to be incredibly popular for its NFT mechanics is Axie Infinity. The Pokémon-like game has you collecting creatures which come with their very own NFT. You’ll be breeding these creatures, creating rarer iterations that will have more value than others. The potential for the Axie NFT values to go up is high, creating some decent prospects.
Fans of card games will find Gods Unchained as another great option. Created by Magic: The Gathering’s former game director, this NFT game allows you to collect rare cards and eventually trade them in on Immutable X.
Fantasy football fans will want to direct their attention to Sorare, where they can collect NFT player cards and trade them accordingly. The card’s dynamic rarity means that the NFT tokens you acquire stand to increase in value.
There are of course many other titles out there to help you make some money and expect many more to pop up in the near future.

What is the Game Economy Behind NFT Games?

The game economy is the biggest difference that NFT games ultimately bring to the table. In most cases, NFT games will simply reward players with a random NFT drop that comes in the form of a unique item. This means that whereas in non-NFT games an uncommon or rare item’s scarcity is incredibly vague, NFT games can track this down by having the tokens listed on the blockchain. This system gives players further agency, allowing them to own, trade or sell in-game items through these NFTs. Newer games have opted to use a play-to-earn strategy that incorporates NFTs into in-game items. Rather than having random drops that cannot be relied upon, these games have created a model that rewards players with consistent NFT drops. This level of reliability helps players use the NFT game’s economy to earn money in real life. It’s a more direct approach towards a game’s economy, bridging the gap to offer players a more tangible reward.

What is a blockchain game?

The term blockchain game is a broader definition for NFT or crypto games, encapsulating all games that use any form of blockchain technology in their structure. The level of ownership that players can have in the game differs accordingly from one title to another. In some cases, players can simply buy in-game items in the form of NFTs. Other games take a step further, having your character as an NFT, as well as any in-game items that you earn through playing the game. NFT games that utilise a play-to-earn mode also fall under this category, with in-game rewards and assets being included on a blockchain market as well. Some games that incorporate user-generated content into their gameplay even allow for actual in-game levels and structures to be represented through NFTs on the blockchain. Of course, all of this can be bought, sold, or traded between players and collectors.

What is play to earn NFT game?

A play-to-earn strategy in NFT games allows for players to make real money from the video games they play. In this structure, NFTs are given out as rewards for playing the game. They can generally be used in-game to craft or brew special items, but they can also be traded or sold accordingly for a profit. The difference between a straight-up NFT game and one that uses a play-to-earn model is that the former only has random NFT drops, while the latter allows for more consistent rewards. A lot of players around the world are engaging with play-to-earn games to make money in real life thanks to this reliable system. The actual money being earned will obviously depend on the market’s status and the time spent farming for these tokens, but some players have recorded profits of over $10,000 in a month. Games like Axio Infinity, Splinterlands and Sorare all offer this sustainable model.

What is the difference between Crypto-Games, NFT Games, Blockchain Games?

All these different terminologies refer to similar games, with some slight differences from one word to another. Crypto-games refers to video games that incorporate cryptocurrency in their economy. This might be as simple as offering bitcoin support for in-game purchases or even having NFTs included in the game’s economy. On the other hand, NFT games more specifically make use of NFTs in their game structure. The tokens here are used to represent in-game assets and items, which can be bought, sold, or traded on the blockchain to earn real money. This brings us to the term blockchain games, which encapsulates all video games that support any form of blockchain technology, be it cryptocurrency or NFT. It gathers the other two terms under its wing, encapsulating them under one, vague banner.

How Will NFT gaming be beneficial for gamers?

The promise of NFT games is to offer gamers a chance to make some money while they play. It would be a dream for many players to be able to make some real money from playing the video games that they love. By having in-game assets and items available on the blockchain through NFTs, players can securely trade their loot to make some money. NFT tokens can also enhance other aspects of play. The tokens’ rarity can be tracked and traced, allowing for actual item scarcity to shape a game’s economy, creating an even more realistic economic structure. Of course, this must be paired with meaningful gameplay to make sure that the core gameplay remains as enjoyable as that found in more traditional, non-NFT games. The interest that these games can bring from other investors is another great benefit, with the possibility of more funds being injected into exciting video game projects.

How Do NFT Games Work?

In NFT games, in-game elements and items are represented through NFT tokens. These range from game characters to inventory items and even user-generated content. The NFT assets differ from one game to another, with genres like card games, creature games and fantasy football all featuring in the list of existing NFT games. The non-fungible nature of these tokens means that their scarcity and rarity can be traced, creating a dynamic value which shifts accordingly. All the game’s elements are on a blockchain, which allows for collectors to engage with players to buy, sell or trade for any of their in-game assets and items. This structure creates the very real possibility of earning money by simply playing the game and then trading your rewards for a profit. Players will engage with the game normally, completing the objectives that are set out to earn additional NFT rewards. Once obtained, it is up to the player’s discretion to hold on to their prizes or sell them for a profit.

What is the future of NFT Games?

Although the world of NFT games is still in its initial stages, a lot of big AAA video game companies have expressed interest in the sector. There are already several titles that have gained a popular following with many more projects lined up for release in the near future. For the most part, the interest in NFT games mainly comes from the marriage of gameplay mechanics together with an actual financial investment. This possibility can really push the platform with increased value coming from crypto investors willing to jump in on the new trend. Of course, the long-term popularity and longevity of the sector will be determined by how efficiently developers can combine this NFT economy with meaningful gameplay. VR and AR platforms also have the potential of merging well with NFT gaming, especially given their sharp rise in popularity over the recent years. A lot of strides have already been achieved through the titles that have been released, so the future seems very optimistic for this play-to-earn platform.

Why is an NFT valuable?

The term NFT means Non-Fungible Token. This means that the token has a recorded value that cannot be interchanged. This value mainly comes from the fact that an NFT’s authenticity can be verified, making them unique. Perhaps the best comparison would be to compare them to valuable pieces of art. An original Salvador Dali will maintain its value despite the numerous copies that might be made available in different shapes and sizes. NFTs seek to take this concept into the digital world, creating digitised assets that can be unique and therefore valuable. There are a number of contributing factors that can determine the value of an NFT. These include the token’s history of ownership, actual utility, and the potential for a future value. All these elements are of course dynamic, which means that the value can fluctuate accordingly.

Are NFTs cryptocurrencies?

NFTs share a similarity with cryptocurrencies in that they’re built using similar structures and form part of the blockchain. But while NFT games are sometimes referred to as crypto-games, NFTs work very differently to cryptocurrency. This comes from the tokens being non-fungible. Cryptocurrencies like Bitcoin and Ethereum are fungible, which means that they can very easily be exchanged for one another. This essentially means that one Bitcoin is identical to another, exchanging one for the other will make no difference whatsoever. That’s where NFTs differ. Their non-fungible nature means that each individual NFT is unique in its own way and as such is not interchangeable. While thy can still be traded for one another, their value will always be determined by a number of uniquely individual elements that are subject to change accordingly.

How do you make money from NFT games?

The promise of NFT games is to offer players the chance to earn money by simply playing a game. This is achieved through the game’s economy, which is centred around the use of NFTs as various game elements. In some games, NFTs come as a random drop, while other play-to-earn models follow a more consistent structure that rewards players with tokens for completing specific tasks. This can vary from completing quests to mining, player vs player battles and even in-game settlements. Either way, these NFTs are unique to the player who has earned them and as such, their rarity and popularity can be recorded and traced to determine their value. Once these NFTs have been collected, players can trade or sell them accordingly on the blockchain. The NFTs value will fluctuate according to a variety of elements, so buying and selling at the right time could prove to be the key to maximising your profits.

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