It’s no secret that crypto gaming is on the rise in various countries around the world. More and more people are discovering the fun, and sometimes rewarding, arena of crypto game playing, and for very good reason in some people’s view!
During this article, we’ll check out what crypto gaming is supposed to be all about, and why it’s thought to be becoming such a popular trend – even if it does wax and wane a bit.
We’ll also mention a couple of the gaming and trading platforms available, so you can start trying to play to get hold of some of your own cryptocurrency or gaming tokens today, or just play for fun if you want – it’s entirely up to you!
What is Crypto Gaming?
Crypto gaming is a newish buzzword and it’s a fairly interesting reason to play video games and try to get cryptocurrency – be aware that you won’t always get any even if you try hard as you might not be in the right game.
In crypto gaming, players who play and fully participate in the game may be able to use their own personal cryptocurrency to purchase in-game items, like weapons, land, characters, armour and other types of upgrades or objects.
Conversely, they can sometimes also gain cryptocurrency by playing the game itself and winning items or getting things in free drops! This makes crypto gaming an interesting way to get yourself up and running in the world of cryptocurrency and with a bit of luck, start building up the in-game assets.
What is the Best Crypto Gaming?
The best actual crypto gaming platform or full single game is the one that best fits in with your personal preference in terms of the game content, style and objectives. If you’re looking into playing in a more secure and fair gaming environment with crypto, then a blockchain-based platform may be the best option for you to investigate. If you’re more interested in using cryptocurrency to purchase in-game items, then a fully centralized platform may be a better fit. And if you want to look into the best of both worlds, then try reading up on hybrid crypto platforms as these may be the best choice.
The lines between centralized, blockchain-based and hybrid platforms is often blurred but will hopefully become more clearly defined with time.
Essentially – we are moving towards games where the NFTs can be traded outside of the gaming platform – rather than being tied into it therefore centralized.
How Can I Get Started in Crypto Gaming?
If you’re interested in getting yourself started in crypto gaming and you already have hardware such as a mobile phone or PC, then there are a few things you’ll need to do. First, you’ll need to choose a platform that suits what you are looking for by virtue of the above-mentioned requirements.
Once you’ve been off and done that task, you’ll need to create an account and often be required to deposit some cryptocurrency into it. Once you have crypto in your account, you’ll be ready to start playing and earning! Learning how to set up a wallet which is compatible is also more than likely to be mandatory.
Can you make money from NFT games?
Yes, you can sometimes make money from NFT games! In actual fact, crypto and NFT gaming is a great way to earn extra income if you are in the right place at the right time. There are a few different ways to earn.
First, you can use your existing cryptocurrency to purchase in-game items. This is essentially like spending money on things you want, and the process occurs already with fiat money in many mobile games where you buy items to help you “level up” etc.
You can also earn some kind of tokens by playing the game itself. Finally, you can also sell your in-game items for cryptocurrency or tokens.
This makes crypto gaming a great way to make tokens from NFT games or cryptocurrency from selling items!
Be careful though – this (and nothing on this site) is STRICTLY NOT financial advice, the value of cryptocurrency and NFTs can go up or down and you can lose everything – do your own research.
Can an NFT lose value?
Yes, NFTs can lose value. Like cryptocurrency, the value of an NFT can fluctuate up and down in a huge way by value.
They are only worth what someone is willing to pay for them, so if you are not careful, you could lose your money – all of it.
Having said this – some NFTs have increased in value – so each person must do extensive research before spending any money.
Where can I sell NFTs from games?
There are a number of different places where you can sell NFTs from games, this depends on the game and some of these options may only be available in the future (or never) from the date of writing (28/4/22) and also if there are buyers willing to pay (in either cryptocurrency or fiat).
First, you can sell them on some crypto exchanges. These are online websites/platforms that allow you to buy and sell cryptocurrencies but sometimes have areas to trade NFTs.
Second, you can sometimes sell them on NFT marketplaces. These are online platforms that allow you to buy and sell NFTs.
Finally, you might also be able to trade directly with other players on the relevant gaming platform. This is a common way to get something for your NFTs.
How do I know where the NFT drops are?
There are a few different places and ways/means of finding out where the NFT drops are.
First, you can check crypto forums, Facebook groups and other social media platforms. These are often well-informed places where you are able to find out about new and upcoming NFTs and free drops. Additionally, you can also sign up for email newsletters on some game websites if they offer that service. These will often include information about game progress and drops.
Finally, you can also ask around in Discord. There are many groups there which exist only to support the game.
Conclusion and what to do next?.
Some of the most valuable information on crypto games is found in the environment of the game itself – talk to other players in Discord groups having searched for the relevant ones, and learn about their experiences. Ask if they have made any crypto or other in-game assets which have been tradeable as NFTs.