Blockchain games that allow you to earn money are probably one of the biggest growing trends in decentralized finance. The play and earn concept grows exponentially and has a ceiling that is still difficult to visualize.
A Blockchain game refers to the possibility of obtaining one or more non-fungible tokens or NFTs that become the player’s property and are unique. They are transferable, can be traded or sold, and are the basis on which you try to earn money by playing.
These NFTs achieve their value in the game as profit-making tools and the domestic markets with their commercialization. On the other hand, in some cases, they can be sold on the secondary market, although this branch is not yet well developed.
The key to understanding the growth and success of the best Blockchain games lies in the possibility of earning money while playing.
This fact changes the traditional models in which money is paid to obtain entertainment. It also changes the conventional concept of investment in cryptocurrencies. Now the nft represents a value and allows us to get profitability and profit.
First of all, it should note that you have to consider Blockchain games to earn money as an investment. Profitability is never guaranteed when investing in a blockchain game: it is possible to lose money, not just make it.
This aspect of investing in a Blockchain game must always be considered when choosing the projects and the capital with which to participate; otherwise, there is a risk of failure in trying to make a return.
On the other hand, while non-investment Blockchain games exist, their rewards are generally very low and not attractive enough to retain investors.
Investing in Blockchain gaming tokens has become one of the ways to try to make a profit in addition to gambling.
In general, it should note that this is a tremendously volatile market, even more, volatile than conventional cryptocurrencies.
At the same time, being small-cap projects, most Blockchain games are extremely sensitive to market manipulation by a whale. In recent months, there have been several serious economic losses in this regard.
We can distinguish three profiles of players looking to make money with Blockchain through tokens:
Although for many people, the economic gain in blockchain games lies in the investment in the assets, the origin of this idea has more to do with making money by playing. The future trend is likely to lean more and more towards this modality instead of speculation.
For making money with blockchain games, it is important to remember that a prior investment will be necessary. The basic operation starts by buying the nft. We could do both in pre-sales and once the game is launched, although the price and mode of purchase may vary.
Each project may have different ways of approaching the way to obtain profitability by playing. The most common are those that do not have great game development or want to provide gameplay.
Click to earn would be the primary mode of profit-seeking in blockchain games. These are simple projects in terms of design, with very basic game systems, and do not require the player to invest a lot of time.
It is a model that has continuity as it satisfies those who value investment over playability.
This term can lead to confusion as play and earn is often referred to as any blockchain game aiming to achieve a return. Increasingly, however, this term is associated with games that provide gameplay in addition to the possibility of reward.
These two models coexist and will likely be maintained over time as they represent two different ways of trying to make money playing video games.
Theoretically, yes, but so far and with very few exceptions, secondary markets only occasionally act in the sale of blockchain for play-to-earn or click-to-earn games.
However, it should be borne in mind that future metaverse projects will place great importance on players’ creations. So it is indeed quite likely that in the future, it is highly probable that the commercialization of blockchain on secondary markets will grow to constitute another source of income and the profit from playing the game.
The risks of blockchain games are very high, the most common being:
Loss of value of the project: the loss of importance of the project and the lack of entry of new liquidity has been one of the serious problems of all the games that have gone bankrupt. This can be caused both by speculation on the token and by the exhaustion of the project itself.
Scams: this is an unregulated and uncontrolled market that is completely open to scams, including rug pull or bad practices on tokens such as pump and dumps.
Impermanent loss: this is a risk that is also run on blockchain game assets and is not always considered by investors.
