Blockchain is one of the most important technologies that is transforming the face of modern online gaming. According to a Statista survey, blockchain is the technology that will have the greatest impact on the logistics industry. That comes as no surprise. Blockchain cryptocurrencies are an excellent payment option for a wide range of web-based activities, including playing online games at mobilecasinogamesuk, due to their security and speed, as well as their decentralized nature.
However, blockchain is changing more than just how digital gamers pay for games, receive rewards, win prizes, and gamble online. It’s also giving digital gamers new ways to make money online. Here’s how blockchain is ushering in a new era for digital gamers to make money online by playing online games with a cryptocurrency. Need help or any assistance regarding cryptocurrency & blockchain then enterprise blockchain development company will help you.
The Cryptokitties Story
In 2017, the first cryptocurrency for gaming on Cryptokitties began as a fun experiment. Axiom Zen, the game developer, simply wanted to experiment with the blockchain technology that was available. As a result, the massively popular Cryptokitties blockchain game was born.
Players could breed their own one-of-a-kind kitties and trade them for cryptocurrency or other kitties with other digital gamers. This is due to the fact that these kitties are NFT tokens, which are non-fungible tokens. NFT tokens are one-of-a-kind items with monetary value, similar to a coin or a banknote.
What Impact Did Cryptokitties Have on the Online Gaming Community?
The game grew in popularity, and some kitties sold for tens or even hundreds of thousands of dollars. Naturally, the story of Cryptokitties was widely publicized, resulting in increased game traffic and new players signing up to play the game at mega888.
Since then, new blockchain games resembling Cryptokitties have emerged. They also use blockchain as a key component of their operation. Cryptokitties spawned the cryptocurrency for the gaming era, ushering in a completely new way for digital gamers to make money.
According to a Statista study, 54% of global digital gamers surveyed purchased or sold items from blockchain games in 2018. That is a sizable market share. There are billions of digital gamers worldwide.
How Blockchain Games Keep Players Returning for More
NFT tokens’ monetary value is determined by the cryptocurrency values at which they are valued and sold. Players can battle, build, gamble, collect, breed, and trade a wide variety of unique NFT tokens, such as robots, “Mons,” bears, spaceships, weapons, warriors, and many others.
In essence, when digital gamers buy and sell NFT tokens, they are exchanging cryptocurrency amounts in the same way that you would exchange your local currency for foreign currency. However, blockchain games are far more entertaining, and NFT tokens are one-of-a-kind.
Unlike traditional game collectibles or cryptocurrency denominations, each NFT token is one-of-a-kind. Furthermore, the addictive nature of blockchain games makes collecting, trading, and selling NFT tokens for profit just the icing on the cake for digital gamers.
What Exactly Is a Non-fungible Token?
A fungible item is one that can be easily exchanged for another, such as a Bitcoin for another Bitcoin or a grain of rice for another grain of rice. A non-fungible item is one-of-a-kind. It can be exchanged for other items or currency equivalent to its estimated value. There are several marketplaces based on NFTs that allow people to buy and sell items, such as White Label NFT Marketplace, which is a platform for artists, musicians, and other creators who want to tokenize their unique collectibles.
NFT tokens, unlike cryptocurrency denominations, are one-of-a-kind, making them desirable and collectible. Because blockchain is so secure, players can easily see which items are in circulation and can only lose their tokens if they choose to sell or trade them.
How Blockchain Games Help Digital Gamers Make Money
Making money from blockchain games entails selling or bidding on an NFT token for e.g NFT Game Development Company. Swapping will not result in an immediate profit, but it may enable digital gamers to obtain a more valuable NFT token that will later sell for a higher price.
Collecting NFTs is the way to go for those who are in it for the long haul. Who knows how valuable these tokens will become in the future? Bitcoin, Litecoin, Ripple, and Ethereum are already collectible cryptocurrencies.
Here are some platforms where you can make money with NFT tokens:
- On the Opensea platform, you can sell NFT tokens.
- Auctionity.com will accept your NFT token for auction.
Conclusion
I believe there are numerous opportunities available, and making money from crypto gaming is one of the best options because it is well-known and popular worldwide. Everything is going digital and online, and we should stay informed about what is going on in the world.
Blockchain isn’t just changing the way people invest, pay, and play online. It is also carving out its own distinct sphere in which digital gamers can earn money in a novel and enjoyable way.
