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What are P2E NFT Games?
The possibility of earning non-fungible-tokens and cryptocurrency is one of the core selling points of blockchain games. Platforms that incorporate such functionalities are called P2E or play-to-earn NFT games. Such games give users the chance to generate an income stream through playing. A player is rewarded with tokens and, less frequently, with NFTs. Usually, the tokens earned are needed as part of the game’s crafting process. However, it is worth noting that play-to-earn gaming is not technically free – at least not at first. In most cases, players must invest an amount before they can start earning, especially when games have reached a certain level of popularity. A simple example, one of the most popular NFT game Axie Infinity, requires new players to buy three Axies, the in-game NFT characters, which may cost anywhere from hundreds to thousands of dollars.
The Best P2E NFT Games by User Activity
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Earning from Playing NFT Games?
There are multiple rewards you can cash in on while playing NFT games. Depending on the story or scenario of the game, you can collect NFTs as valuable in-game items helping you unlock advanced features or maintain certain status in the game. In some ways you can use NFT games like farming tools for cryptocurrency, as EpicHero does rewarding passive income for only holding their in-game NFT in your wallet, or you can grab NFTs representing land in a metaverse world, to later sell or rent virtual real estate to others for ten times your initial investment, like in Decentraland.
With billions in circulation, NFT games represent a rapidly growing industry allowing revenue streams to pop up and disrupt investment markets and the gaming industry to their very core. As usual, visionaries and stable investors will set the tone for the highest margins and return. However, gamers and their enthusiasm are a significant factor when developers decide on an NFT game strategy and whether it would compete in the play-to-earn arena with the most popular and rewarding blockchain entertainment ideas.
Frequently Asked Questions
This is a relatively new combination, so we have answered some common questions below.
What is an NFT?
NFT or non-fungible token can be almost anything - music, art, video, in-game item, concert ticket or other type of digital file. It is a digital asset, stored on the blockchain that functions as verifiable proof of authenticity and ownership, confirming the uniqueness of it.
What are the types of NFT P2E games?
Generally, you can separate the play-to-earn NFT games into two categories based on the rewards you get and where you can spend them. Most P2E NFT games reward users with in-game currency and NFTs, while the others reward you with actual cryptocurrency tokens.
Where and How to buy NFTs?
A website where you can buy or sell an NFT is called an NFT marketplace. There are many existing marketplaces on which you can browse and buy NFTs. A basic requirement to utilize this service it to have a Metamask and Ethereum wallet.
P2E NFT currency exchange options?
Once you have earned your NFTs on one of our recommended games, cashing out into fiat is relatively easy. You can sell your NFT for cryptocurrency via an NFT exchange, the currency will be transferred to your wallet which you can then exchange to fiat through a crypto exchange such as Binance or Kraken.
How and where to store NFTs?
Just like you need a wallet to protect your cash money and credit cards, you will also need a place where you are going to store your crypto and NFTs. Such a place is called a crypto wallet - it can be a software program or physical device. Most of the coins have developed their own wallets, but there are also some multi-coin wallets, which can handle more than one cryptocurrency and NFTs. Features such as 2-factor authentication, password encryption, multi-signature, and many more are what experts look for when choosing potential wallets.
We are a team of entrepreneurs and creatives; our aim is to create as many opportunities as possible to make money through NFTs and crypto. We are focused on developing our site and its features, if there’s something you’d like to see on our site or want to give feedback, don’t hesitate to email us here.