Month: April 2022

Understanding Defi and Play to earn NFT games

Understanding Defi and Play to earn NFT games

Numerous GameFi efforts use Defi industry ideas to reward gamers. Yield farming, liquidity mining, and staking are all ideas that everyone with Defi experience is familiar with and maybe leveraged to generate passive money from blockchain-based NFT games. If you’re new to Defi, you may read our introduction to learn about it and the ideas that overlap with GameFi.

Axie Infinity and Top GameFi are two instances of blockchain-based play-to-win NFT games that make use of functionalities more often associated with Defi.

Although the first GameFi products were built on the Bitcoin blockchain, the bulk of modern blockchain-based NFT games is hosted on networks that allow smart contracts. Ethereum was the first of these and remains the most popular with both developers and users.

Understanding Defi and Play to earn NFT games

On the other side, Ethereum places a premium on decentralization and security above speed. Due to the limited amount of block space available in Ethereum, users seeking the shortest settlement times must actively push miners to include their transactions. When demand exceeds the available block capacity, transaction costs skyrocket, ultimately pricing some users out. This presents a problem for developers of blockchain-based NFT games looking to generate money. If the bulk of a player’s actions requires an enormous transaction fee, the game will simply never reach the user base of popular play to earn NFT games.

As a consequence, many developers are migrating away from Ethereum’s fundamental layer in favor of faster, higher-capacity networks. Several instances are as follows:

• Polygonal Network 

• Solana

• Polkadot

How to get started playing blockchain-based NFT games for money

Each game built on the blockchain is unique. As a consequence, we can only provide basic guidelines for getting started with GameFi. For more complex help, we recommend consulting the game’s manual.

To get started, create a web 3.0 wallet.

Understanding Defi and Play to earn NFT games

Unlike many of today’s most popular online applications, the bulk of blockchain-based play to earn NFT games do not need a traditional username/password login. Rather than that, the game authenticates the user with a Web 3.0 wallet.

The wallet required to play will vary depending on the network on which the game is hosted. To play Axie Infinity, for instance, you’ll need a Web 3.0 wallet that supports Ethereum, such as OKEx Wallet or Metamask.

Acquire any essential items for the game.

Numerous blockchain-based earn to play NFT games need you to own one or more in-game assets in order to participate. For example, in order to play Axie Infinity, you must have a minimum of three Axis in your Web 3.0 wallet.

Other titles may need the purchase of an in-game digital currency. In many cases, you may acquire these currencies directly from or inside the game.

Log in with your Web 3.0 wallet credentials.

The majority of today’s popular GameFi make money NFT games may be accessed directly via your browser. As a consequence, you must join the activity by logging in using the Web 3.0 wallet you already established.

To do so, go to the game’s website and look for a wallet link. Your wallet will urge you to validate the action by associating your signature with a message from the site. The wallet automatically produces the signature, which you may verify by clicking the Sign button.

As previously indicated, your Web 3.0 wallet will act as your account, with any progress being maintained through your wallet. Additionally, it serves as a storage location for your stuff, and depending on their compatibility, any assets stored may be used to play the game.

Decentralizing GameFi by using DAOs

Historically, the development of video NFT games for money has been very centralized. A studio will design, produce, and publish a game, in addition to being exclusively responsible for future updates. On the other side, several GameFi efforts seek to empower players with decision-making authority.

This is achieved by using a decentralized autonomous organization. Token holders may make and vote on ideas for project updates in a DAO. Often, these suggestions will have a direct impact on the title’s financial viability. For example, as a promotional strategy, the DAO may elect to increase the prize for completing a certain action inside the game.

To become a member of a GameFi DAO, you must first obtain the project’s governance token. Frequently, the number of tokens a member has is exactly proportional to his or her voting power. In essence, when it comes to steering the direction of a project, the largest stakeholders have the loudest voices.

Certain NFT games that need play to earn have their own built-in DAOs. Alien Worlds is an excellent example of a videogame with several chains. Six DAOs symbolize separate planets in the science fiction massively multiplayer online role-playing game (aka MMORPG).

Contrary to popular belief, many GameFi DAOs are not title-specific. Yield Guild Play to Earn NFT games and similar initiatives seek to commercialize various blockchain-based play to earn NFT games for the benefit of its players. The main DAO and title-specific sub-DAOs of YGG pool in-game assets, enabling players to integrate them into other NFT games and generate cash for the collective.

The future of games

Despite its roots in the early days of cryptocurrency, GameFi is just now getting widespread use. The success of Axie Infinity, one of the niche’s flagship play to earn NFT games, reflects the niche’s growth successfully. In August 2021, Axie Infinity became the first blockchain game to surpass $1 billion in total token sales — one-fifth of which occurred in a single week — and currently has over a million daily active players.

While early blockchain-based play to earn NFT games were not widely successful, the technology and our understanding of it have improved to the point where new GameFi products are getting a large following. According to several industry insiders, gaming is the most likely route to widespread blockchain adoption. Click here to read about the List of 5 Most Popular NFT Games.

Understanding Defy and Play to earn NFT games

Over a billion video gamers already understand the principles of finite digital commodities, tokenization, and in-game money intimately. Meanwhile, blockchain technology benefits these participants in a number of ways — both financially and in terms of the growth of a title. As a consequence, it’s easy to see GameFi encroaching on the $175 billion global video game market.

Indeed, the Blockchain Game Alliance, a non-profit committed to increasing awareness of GameFi, already has an impressive list of members, including prominent game studio Ubisoft and chipmaker AMD. Indeed, in May 2021, Ubisoft announced that GameFi will be the subject of its sixth Entrepreneurs Lab event.

Given the success of Axie Infinity and the expanding number of blockchain-based play to earn NFT games now under development on a range of different blockchain protocols, GameFi certainly has a bright future ahead of it. However, no one can predict how this future will unfold. While many of the topics discussed in this article will definitely remain important in future GameFi releases, the fast progress of blockchain technology today means that new breakthroughs are occurring on a near-daily basis. Numerous these advances will surely make their way into video game revenue-generating titles, bringing innovative and fascinating means of selling new experiences with them. Visit to read more about Rising of play-to-earn blockchain games.

Posted by Alex Hitchcock in NFT Games
Top Play-to-earn games that will change your life

Top Play-to-earn games that will change your life

This topic is not a mere sentence to lure people into clicking my page. It is something I can boldly come out and share with people. I have done several seminars about video games that go beyond having fun. Dear reader, do you know your life can change for the better just by playing games? Do you even know that some games bring rewards that one can convert to real cash? Of course, yes. You only need some information and some tips. 

Are you tired of working and receiving something that doesn’t worth the effort you put into work? Do you want to engage in some rewarding activities? Yes! You’ve landed in the right place. I will be talking about play-to-earn games that can change your financial status. Let me quickly chip in on this. I am not saying you should quit your job and start playing games. But I believe that games are created for fun. Then, how positive will it be if you’re having fun and receiving rewards simultaneously? It’s something incredible. 

Therefore, the play-to-earn games I’ll be revealing to you here are video games that come with a massive reward. You don’t need to think about whether this is possible or not. Trust me; I can’t give you any unreal information. I have heard testimonies on how play-to-earn games contributed to people’s finances. And I believe you also can make it big while playing games. You only need to know those games, follow the instructions on playing them successfully and start earning some money. 

Therefore, please shun all distractions. But before I proceed, please permit me to talk about what play-to-earn games entail. The brief explanation will serve as background knowledge. So, if you don’t know what I’ve been talking about, the meaning of play-to-earn games will help you.

What are play-to-earn games?

Play-to-earn games are games that go beyond having fun. These games combined fun and rewards. Just as it sounds, you don’t need any further explanation before you know that these games are games that come with a bonus that can be converted to real cash. The only issue here is that one may find it hard to believe that one can play games and earn money. Play-to-earn games are video games that bind cryptocurrency to compensate players with something that has real-world and virtual-world value. Prizes given as part of these games tend to be Non-Fungible Tokens, cryptographically exclusive tokens that can be used to demonstrate ownership of content like images or music. Do you know why these games are still hidden from the world? People are thinking about how possible it is. Also, people are scared of being scammed. Sincerely, you need to rise and do some research about play-to-earn games. This message is what those who are wallowing in poverty should know. You can engage yourself with something simple yet rewarding. Last year, Axie Infinity blessed many people’s life. So, I can say play-to-earn games are games that come with a massive reward. Someone said play-to-earn games were introduced or designed to eradicate poverty and compensate people playing these video games. You can’t play any of these play-to-earn games without putting in some skills. So, the mental strength you put into these games needs to be rewarded. Click here to read about Tokenomics and blockchain tokens: A design-oriented morphological framework.

Best play-to-earn games that can change your life

  1. Gala games: Have you heard about Gala games before? If yes, I need to congratulate you and motivate you to keep pushing it. Your reward is at the corner. But you’re missing a lot for those who haven’t heard about Gala games. But this is the right time to embrace this golden opportunity. 
Top Play-to-earn games that will change your life

This unique play-to-learn game is a blockchain gaming platform that comes with several crypto games categories. You will receive a Gala coin as your in-game reward in this game. Please note that tokens from Gala games can be traded and sold by several cryptocurrencies at a given set price. Of course, it depends on their exclusivity. However, in these play-to-earn games, items are collected within the game. This unique game uses blockchain to give users sole ownership of the game items a non-fungible tokens. In other words, in-game items and inherit status collected by actors will be provable assets on blockchain even when their accounts are on the back burner from the platforms. This game is different from other games where Game Master and Admin are the greatest authors of games’ items. Therefore, I want to urge you to do research on this game. Honestly, you will thank me later.

  1. Illuvium: Illuvium is a game that can contribute to increasing your financial status. If you want to add more money to your income without stressing yourself, you need to devout some time to learn about Illuvium. This unique game is a 3D RPG open-world game on the Ethereum blockchain. In this game, your reward is ILV tokens. So, if you want to be rewarded with ILV tokens, you need to carry out your task successfully. 
Top Play-to-earn games that will change your life

The primary mission in playing Illuvium is to make sure you win the battles. Not only that, it is your duty as well to complete the quest and upgrade ranks. non-fungible token Illuvial is a creature with several skills that users or actors could collect and upgrade to win battles. In the Illuvium marketplace, both non-fungible token Illuvials are in-game items that can be converted to real money.

  1. Decentraland: This game is also a 3D virtual crypto game. The Ethereum blockchain powers the Decentraland game. Active users can explore lands and form avatars and contents upon their preferences with remarkable experiences. Trust me; this unique game will transform your life. I have heard several testimonies about this fantastic game. In this game, actors can use the Mana coin as an in-game token to purchase and trade items and enjoy pleasant social activities. So, what else are you waiting for? Rise and start making money. Visit to read about 5 steps to NFT gaming and earning.
Top Play-to-earn games that will change your life

Closing thought

This message should not benefit you alone. Do well by sharing the link to this page with families and friends. You can use your mobile phones to play the above-listed games and earn money. Finally, kindly drop your question or contribution regarding this topic in the comment box.  

Posted by Alex Hitchcock in Earning Games