NFT, especially the game NFT system is emerging as a new trend, not only in the crypto space but also with gamers and casual users who want to play games for money aka. “Play to Earn”. The incredible success of the Axie Infinity self-game is contributing to blowing a new breath into the gaming field in Vietnam in particular and the world in general. In this article, let’s find out specifically with I Love Bitcoin, what is NFT game? What’s special about it? Which NFT games can be played with money at the same time?
What is NFT game?
NFT games are Blockchain-based games that tokenize in-game assets, allowing players to collect them as non-fungible tokens (NFTs). Some of these games reward players with cryptocurrency, while others allow players to collect NFTs while playing, which they can then sell for money.
Blockchain technology provides decentralization, giving voting rights to gamers. For example, holders of the native token of a gaming platform will have the right to vote in voting activities.
In the traditional gaming world, game companies have full control, they make a lot of money from in-game transactions, while players never actually own the items they actually bought with money. . However, blockchain games are changing that. If you buy an item in a blockchain game, then only you own it and you can do whatever you want with the item.
A lot of blockchain game projects are springing up every day after the boom of NFT, which signals that this will most likely be the future of the video game industry.
The utility of tokens in the game NFT
All successful NFT game projects to date have had the presence of native tokens, such as Axie Infinity (AXS), Alienworld (TLM) or Aavegotchi (GHST).
The uses of tokens in the game:
- Buy and sell game items
- Staking to receive bonus items/token
- Upgrade game experience (make up animals)
- And many other benefits in the future when deeply combined with DeFi
So where do player bonuses come from?
Most projects have a treasury – Treasury to store tokens back up and coordinate their gaming economy. Funds going in and out will usually be public and decided by the DAO – Decentralized Autonomous Organization for all participants. Sounds fair at first. Let’s find out the details of Treasury’s cash flow.
Why did NFT games become so HOT?
Blockchain games are not new, before that in 2017, a popular name and also the first NFT game project was Cryptokitties, also known as “virtual cat farming”, this video game is so HOT that it makes Ethereum network is congested because of too many transactions. Cryptokitties is also the inspiration for the game Axie Infinity to develop later and become a billion dollar game. But after a while, the heat of blockchain games began to cool down and it was not until Axie appeared that the NFT gaming industry really exploded. Why so?
- First, thanks to the strong development of the DeFi field in particular and the entire cryptocurrency market in general, the crypto market capitalization has exceeded trillions of dollars, followed by the number of interested and engaged users. increasing.
- Second, NFT works of art sold for millions of USD, typically a painting in the form of NFT by artist Beeple sold for nearly 70 million USD, then a variety of other works, in the form of music, video, .. the event was covered by the global media, causing many people to start looking for an opportunity with a valuable NFT.
- Tuesday, the COVID-19 pandemic has made millions of people unemployed around the world, which has made them interested in online forms of making money, and the game “Play to Earn” is one of them. that number. This form is extremely popular in Southeast Asian countries.
Top 5 NFT games to play and earn money at the same time
1. Axie Infinity
The first to mention is Axie Infinity, a video game project combining blockchain that has caused a fever in recent times. Game inspired by Pokemon, developed by Sky Mavis since 2017. On the white paper of the project, the founder of Axie Infinity is Nguyen Thanh Trung, born in 1992. Axie has reached the revenue milestone of 84.9 million USD within 1 week of July 2021. Market capitalization at the moment is around 2.4 billion USD.
2. The Sandbox
The Sandbox is an Ethereum-based decentralized gaming ecosystem where users can create, share, and monetize gaming assets and experiences. The game was put to the test by the manufacturer Pixowl at the end of 2020 and is a blockchain project of the famous mobile game version launched in 2012. The goal of the game is to help players have complete freedom, not subject to the management of the game. game operator.
3. Decentraland
Launched in 2017, Decentraland is a virtual reality game operating on the blockchain platform and also the first game in the world to apply Ethereum’s blockchain technology. Similar to The Sandbox, Decentraland simulates a miniature society, where players can build characters, buy houses, cars, participate in events …
For Decentraland, players can trade any NFT digital asset, through a token called MANA. As of August 2, this digital currency is at $ 0.7 per coin, with a market capitalization of $ 2.6 billion. In May, the token hit $1.6, turning many Decentraland players into USD millionaires.
In-game digital real estate is also sought after. According to DappRadar, a “land” in Decentraland has set a transaction record with more than 900,000 USD (more than 21 billion VND).
4. Crypto Blades
Number 4 is Crypto Blades. Crypto Blades is an NFT game with a role-playing model of characters, collecting weapons and equipment to join the fighting game. Since the launch on May 31st and to the time of announcing the first prize of the Binance MVB II (Most Value Builder) contest. CryptoBlades grew more than 100x in July 2021.
5. Faraland
Faraland, this is a role-playing game series with interesting gameplay, in the game there are up to 7 classes for players to freely choose, such as Orc, Human, Angel, Demon …
With Faraland not going to force players to follow any framework, there are many unique ways you can build for your character. In the game there are hundreds of types of items such as weapons, armor … and even pets.
There are many activities and tasks in the game, such as joining clans, exchanging, fighting, seeking rewards through quests, etc.
Each character NFT you will have all the rights to use, if you don’t like you can exchange, trade with others.
Epilogue
In general, the titles game NFT modeled “Play to Earn” is still in its infancy, despite the overwhelming success of Axie Infinity, if you look at the hundreds of billions of dollars in traditional gaming industry. NFT games are definitely creating a new trend in the future for gaming platforms. Here is the article “What is NFT game? Why are blockchain games so popular? Top 5 NFT games “Play to Earn”, hope to bring useful information to readers, don’t forget to Like, share and rate 5 stars to support I Love Bitcoin to continue publishing new articles. Good luck.
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