Non-fungible tokens (NFTs) are exploding in popularity. Trading volume for NFTs hit $10.67 billion in the third quarter of 2021, up a whopping 704% from the previous quarter, according to analytics platform DappRadar. One factor driving the skyrocketing trading volume is the growing popularity of NFT games. In-game items generated $2.3 billion of trading volume in that period, representing 22% of the total.

NFTs games are still in their early days. Because of that, many believe there’s significant upside ahead as NFTs become more mainstream. Here’s a look at how investors can get in on this action. Image source: Getty Images. 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. Gamers can also earn NFTs in certain pay-to-earn gaming models. This setup allows gamers to invest in NFTs , which have the potential to appreciate in value. NFT games to keep an eye on

Several NFT games have emerged as popular platforms among gamers as a way to earn and buy NFTs to make a profit: Description Alien Worlds Alien Worlds is an NFT metaverse. It allows users to play with unique digital items (NFTs). Arc8 Arc8 is a mobile play-to-earn esports platform. Axie Infinity Axie Infinity is a digital pet universe. Players raise, battle, and trade fantasy creatures called Axies. CyptoBlades CryptoBlades allows players to use weapons to defeat opponents. They can collect SKILL tokens used to make in-game upgrades. Splinterlands Splinterlands is a digital collectible card game. MOMO Farmer MOMO Farmer is a free-to-play game that allows gamers to play to earn. Here’s a closer look at these top NFT games. Alien Worlds

Alien Worlds is one of the most popular NFT games. It was the first game on the blockchain to top 100,000 users. It now has more than 2.5 million users and is growing.

It’s a metaverse — a shared virtual world environment — spread over seven planets. The game uses NFTs, and players mine for the game’s cryptocurrency , known as Trilium.

Alien Worlds is a play-to-earn game. Players can earn the local cryptocurrency by mining, battling other users, going on quests, or receiving rental income from their digital land. The game uses digital items created as NFTs such as avatars for fighting and tools for mining. Players make money on the game by cashing out their Trilium. Arc8

Arc8 is a play-to-earn mobile esports platform that launched in October 2021. It allows users to play 10 casual games where they can participate in one-on-one matches and group tournaments to win tokens. The NFT gaming platform quickly amassed 1.3 million registered users shortly after launching.

The platform uses GMEE as its utility token. Users pay it as an entrance fee for in-game tournaments and to make purchases in the game. They can also win GMEE as prizes.

Arc8 also plans to launch G-Bots, which are upgradable NFT game characters. They will unlock greater functionality as gamers go up in levels. G-Bots will also provide owners access to exclusive play-to-earn tournaments. Axie Infinity

Axie Infinity is the dominant player in the NFT gaming world. It saw an explosion of trading volume in the third quarter of 2021, generating $2.08 billion of the entire $2.3 billion in NFT gaming trading volume in the period. That quarter alone represented 83% of the game’s historical trading volume of $2.5 billion. The main factor driving all that interest is that users are making money on the platform, with some reportedly earning as much as $100 per day.

Axie Infinity is a digital pet universe. New players must buy at least three Axies — digital fantasy creatures — which are NFTs. They raise their Axies, use them to battle against other players, and sell them. Axie Infinity’s play-to-earn gaming model incentivizes users to build Axies with the best in-game equipment so they can sell them to other users at a profit, which can include the rising price of cryptocurrency, primarily Ethereum . CryptoBlades

CryptoBlades is an NFT game where players use weapons to defeat opponents. They collect SKILL tokens, the in-game currency. They can use the SKILL to upgrade and level up their characters. The game uses an NFT marketplace where players can advertise their manufactured goods for sale, increasing their profits.

CryptoBlades has seen its popularity fluctuate wildly. At […]

source Investing in NFT Games

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