Play-to-earn games

A play-to-earn game is any video game that harnesses cryptocurrency to reward players with something that has real-world – as well as virtual-world – value . Rewards given as part of these games tend to be NFTs, cryptographically unique tokens that can be used to prove ownership of content such as images or music.

How do NFT games work? The simple answer is that NFT games allow users to earn money as they play . Blending video games with finance, or GameFi as players call it, these games use NFTs — unique digital collectibles on the blockchain — that gamers can sell in games to other collectors and players.

Based on these three mechanisms, here are the six strategies for making money with cryptocurrency:

When a player signs up to play on a crypto gaming platform, they are required to pay a transaction fee for purchasing in-game digital currency . That’s primarily how game developers earn money. When more players purchase the native token, its value goes up, thus benefiting both ‌players and developers.