The marriage of video games with NFT’s (non-fungible tokens) has proved to be a very profitable one for gamers, with many video games based on the NFT blockchain becoming a new alternative to earn money.
In 2021, according to cryptocurrency portals, various titles have become the sensation of the blockchain space, including Alien Worlds, CryptoBlades, Upland, Axie Infinity, Galaxy Blocks, Splinterlands, and My Defi Pet, which have contributed to increasing the value of the tokens, which increases sponsorship and at the same time attracts more public.
NFT games like these are based on collaborative economies that rely on blockchain technology to validate transactions, they are decentralized and all players have a share in the game’s winnings. Each game creates its own financial ecosystem and all transactions, as well as the elements of the video game, can be converted into real money. This is the ideology behind NFT games, that’s why they have been so successful, because they have completely changed the perception or the way they are played, since people were used to paying to play and never received anything in return in the games.
Currently, one of the most popular NFT games is Axie Infinity, with its “Play to Earn” model, which has registered a total of 1.6 billion dollars of revenue since its launch in 2018; in fact, in August of this year it had a sales volume of 845 million dollars, with more than 3.8 million transactions, according to data from NFT CrytoSlam. Axie Infinity, an NFT video game developed by Sky Mavis studio on its own sidechain called Ronin, allows players to generate profits by buying, raising and selling tokenized digital pets known as Axies.
(All information was provided by Yahoo! Finance and BlockSocial)
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