January 28, 2022

NFT Games: Free-to-Play & Play-to-Earn Models

You may have already heard of NFT games. They serve as a perfect mix of entertainment and economics, allowing you to earn money, realize your creative potential, and monetize it. That sounds just impressive, right? Could you imagine that you will have a chance to make money while playing your favorite game? This sounds like something from an alternative reality. In fact, it is already possible. You can find the best Play-to-Earn games and their comprehensive reviews on https://gamefiboost.com/. Thus, you will get all your questions answered and will have an idea of how to act in the game.


What Makes NFT Games Special?
Developers are proving day by day that P2E games are extremely useful and can be used in a variety of ways. Projects of this kind follow the Play-to-Earn model, where players can earn rewards and incentives for their success. The main feature of Play-to-Earn games is NFT objects, which users can use to earn cryptocurrency, hence, real money. 

When users buy an NFT, they receive exclusive ownership of the art object. And although it is a digital asset, you can still count on significant monetary gains. Nowadays, digital art objects are equated with physical ones in their significance. So you shouldn’t think that you will get some virtual coins for selling a digital item in the game. 

In NFT games, tokens are usually unique items, and each of them can be upgraded in order to be later traded on internal marketplaces. This was done in order to be able to create characters with unique features and specs. The more unique they are, the more money they will cost in the future. This is purely a trading model, which allows developers to expand the scales of the gaming environment and make it even more profitable.

Pros and Cons of NFT Games
The introduction of NFT into the gaming industry has both positive and negative sides. Here are the main ones:

-Opportunities for earning both with and without investments;
-Large selection of games;
-Decentralization and transparency inherent in blockchain;
-Support from large investors and companies.

-Lack of intuitiveness and instructions for people accustomed to traditional games;
-A big distrust of the majority of users.


How to Make Money on NFT Games?
NFT games are an investment tool, an alternative to traditional ways of saving money. The simplest mechanics of making money with such games is to buy an asset and sell it at a higher rate after a while. However, in the case of NFT games, users can not only spend their money purchasing assets but also start from scratch without investment and develop their character themselves. 

Types of NFT Games
The market of NFT games is developing at a high pace. New gaming solutions are introduced almost every month. And it’s not random. The huge popularity of P2E games makes developers work on new projects and release new solutions on a regular basis. So far, all the NFT games can be divided into two large groups:

- P2E (Play-to-Earn) 
Such games are developed on blockchain technology, which involves cryptocurrencies and other digital assets in the gameplay process. P2E games are different video games since they provide financial interaction with a player. When receiving certain digital assets for success in a game, users can save them on their wallets in anticipation of an increase in the value of this asset. The most popular P2E games have their own tokens that can be traded on popular cryptocurrency exchanges;

-F2P (Free-to-Play) 
This is a special distribution model for commercial game projects, where the content is divided into two parts - free and paid. Almost 80% to 90% of the gaming content is given away for free. A player is allowed to try all the delights of the game without investing a penny. In this case, the possible income will be lower. However, you can still count on some monetary gains.

Final Thoughts
Many are wondering what NFTs and related blockchain concepts can bring. In general, experts believe that this idea of genuine ownership of digital content is very attractive compared to the current reality. But as long as most games and gaming services are provided by large platform holders, this will not happen. So invest wisely and never put all your savings into NFT games. Find a balance to get the max out of your gaming time and experience.

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