What is a play to earn game?

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:

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.

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.