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When Blockchain Technology newly came on the scene, most people wondered how it could be used to earn Cryptos and digital assets. Now, blockchain technology is the pillar of most industries worldwide. For example, as of the time of writing, we have so many play-to-earn NFT games using Blockchain technology.
However, it doesn’t stop there. Top NFT games drive massive traffic as people rush in to experiment with the play-to-earn model trend. NFT games are not just a game; they are the new business hub where gamers play to earn money by simply catching fun.
Gamers feel good making money playing NFT games as it costs them nothing but time and the initial investment required to participate. Meanwhile, not all play-to-earn NFT games need players to pay considerable money before playing. There are several popular NFT games free to play.
No Doubt, game developers saw more potential in the blockchain technology that revolves around NFTs, and they are taking charge full-time. With the advent of new top NFT games, players can earn in-game tokens and digital assets which have real-life value,
NFT Play to earn games are enjoying the hype at the moment. But is the hype real? Can you earn money playing NFT games? Are there a few side effects of the play-to-earn model? Are NFT games worth the investment, ent? You may want to ask several questions before entering the NFT gaming world.
Here are the topmost pros and cons of the play-to-earn games to help you decide whether to join the NFT gaming trend or back off.
What are the Pros of NFT Games?
Gamers and investors want to invest in the play to earn game concepts. However, there is some potential in the NFT gaming industry that first-come gamers will enjoy. Therefore, you need to consider the below-listed pros of NFT games if you are keen to earn rewards and build a virtual portfolio of valuable in-game assets in virtual worlds.
1. NFT games contain uniquely Owned in-game NFTs
NFTs are unique because they are not under the rules of traditional property ownership. Non-fungible tokens are not assigned an owner; instead, they remain outstanding. That means holders can use them in many ways and un-replicated. That’s why NFT games are invaluable. When you earn, you can be sure that your in-game tokens are yours.
2. Increased Market Value
The market value of NFTs is still increasing, and that’s a massive plus for NFT game players. As dau break, top game developers are launching new NFT play to earn games with new attractive in-game rewards. That is due to NFT games’ benefits, including security, portability, and scarcity. One of the easiest ways to store up NFTs is through NFT games. Playing games and earning in-game tokens allows you to accrue real-life money without stress.
3. NFT games are great options for creating another stream of income
You don’t have to be a one-way traffic person. Many top Financial experts have advised everyone to generate more income streams to gain financial freedom. Though NFT games require an extended playing time. The more time you spend in the game, the more money you earn.
However, it’s not compulsory to leave your formal job or shun your present livelihood to play the game. Instead, you can make it another income stream to double your earnings. Moreover, NFL games allow you to earn unique digital assets which you can build gradually or keep for future use.
Currently, some of the most popular NFT games include Axie infinity, Illuvium, God’s Unchained, and so on.
4. NFT games can be used for Fundraising
NFT games are a community on their own. People flock in millions every day to hustle for money. Thus, players can reach experts who can play charitable gaming events to raise funds for a particular cause.
5. Future Trading & Investment Options
NFTs games are becoming Trading and Investment Options for game enthusiasts. Their unique play-to-earn model and the ability to convert in-game items to real-life money make them perfect for trading and investment purposes.
With the fantastic features of playing to earn NFT games, they have become many people’s trading and investment choice.
What are the Cons of playing to earning NFT games?
In-game tokens are digital assets with real value. That contributed to the rage of crypto games this year. But, the play-to-earn game industry seems to be changing with the introduction of top NFT games. That is because many people now know how NFT games work and are ready to put their money and time on the line.
However, a few cons can shift you from the play to earning gaming trend.
1. Uncertainty of NFT games
NFT games have uncertain value as it is not sure that the play-to-earn model will stay for many years. NFTs are, in a sense, speculative investments and are played to earn NFT games.
2. Blockchain Technology Links to Environmental Impacts
One of the issues around playing NFT games and Blockchain technology is the environmental impact. For example, records entered into the ETH blockchain take high-end computing and use much energy.
A study has shown that the rise in crypto games and other crypto mining projects has increased global warming by 3%. If done highly, the environmental problem can get severe.
3. NFTs Can be stolen
Non-fungible tokens can be stolen if the holder’s private key is compromised. That’s not good news for players who have stored up in-game tokens. But the narrative is different with blockchain. The technology uses cryptography to prevent unauthorized access to distributed ledger data.
NFT games have pros and cons like any other online video game. Their benefits include providing a more secure way to store in-game tokens and convert them later to real-life money. However, they also come with risks, such as the possibility of losing money as you are expected to invest money in the game to get started, and there are no certainties you will win.
Nevertheless, NFT games can help you earn money and become a proud owner of digital assets. So here are also free NFT games to play in the present market. You can choose any of them or ask experts to help you select one of the best NFT games that pay much with little investment.
The two types of gaming guilds (traditional and crypto) are different. The conventional version is bound to the NFT game and can rise and fall, but the crypto version seeks to provide a platform for new gamers to access play to earn crypto games. Members of a crypto guild may quickly move to something more beneficial for the organization if an NFT game loses popularity.
It is not always necessary to purchase an NFT game to begin playing and earn money. While many of the best nft games involve a financial commitment, scholarship programs allow gamers to play NFT games without investing any money.
A typical play-to-earn game allows players to earn rewards, but players would have made some initial investment. Unfortunately, most of the popular NFT games are expensive to play. But with the help of scholarship programs, players can have a season of playing free NFT games.
What is Play to Earn Scholarship?
Play to Earn Scholarship is a new trend in the NFT gaming industry, where players can join teams of gamers or scholars with various NFTs to use in the best NFT games like Axie Infinity and Gods Unchained and return, these gamers share their profits with the platform that provides the Scholarship or gaming industry.
Top Crypto Gaming Communities That Offer Play to earn Earn Scholarships
UNIX Gaming is a platform that aspires to be the most popular peer-to-peer gaming community on the internet. The site uses play-to-earn games and a unique scholarship methodology to help people in underprivileged countries.
Unix Gaming is on its way to becoming a massive and rapidly growing gaming community known as a “guild” in the online gaming industry. The platform offers training, administration, and assistance to members who want to win rewards while playing games. That is done so their players can earn in-game tokens in multiple folds.
The Unix Gaming team has given over a thousand play-to-earn scholarships in recent months. Members of the community who play popular NFT games like Axie Infinity will be able to earn a quantifiable income due to this.
Over 1,000 Axie Infinity scholars are housed on the platform, including over 6,000 scholarships in other NFT games that use the play-to-earn concept. Furthermore, they are rumored to be intending to hire 9,000 more NFT game students in the first quarter of 2022.
The platform is based on a classic scholarship concept, but it has been given its unique twist, splitting profits on a 50/50 basis.
One of the advantages of play-to-earn games is that they are not entirely dependent on traditional cryptocurrencies. In-game NFTs are another form of establishing digital assets ownership on the blockchain.
These tokens are associated with metaverse culture; for example, some players consider in-game items more valuable or desired than possessing designer apparel in real life.
One of Unix’s objectives is to generate more than $100 million in income from in-game assets. Players in impoverished nations might make multiples of their full-time salary by just playing the game for a few hours a day.
This scholarship program is for you if you are not financially buoyant and want to earn money playing NFT games.
WonderHero is a play-to-earn blockchain NFT (non-fungible token) mobile game. Players acquire Heroes, engage in turn-based battles, and play to gain in-game tokens in a fantasy world in this turn-based MMORPG on iOS and Android.
Every WonderHero has talents, ultimate abilities, and attributes that allow them to play various combat roles. These jobs include a tank, support, an assault, and a combination role, with the game’s framework allowing for more customization. Additionally, the game’s heroes battle in real time and may be directed to use talents to strike adversaries, making it a strategic and engaging experience.
Players can digitally own and exchange Heroes, Weapons, and Equipment on a peer-to-peer marketplace using the game’s mobile-only platform. Because WonderHero uses Polygon’s high-throughput blockchain infrastructure, transactions are quick, and costs are low. To play the game, players need to purchase one Hero and one Weapon NFT.
With its scholarship program, established gameplay, and character development, WonderHero allows any player to participate without spending much money. Instead, users are rewarded for their abilities and have the opportunity to grow and earn money while playing.
Balthazar is an NFT gaming platform to deploy the most scholars into NFT games possible. The platform aims to allow the world’s largest gaming community to construct an autonomous, wealth-building metaverse environment.
Balthazar aims to be the largest Decentralized Autonomous Organization (DAO) in the play-to-earn industry. It’s a community-focused guild that allows gamers to play-to-earn games for free while supporting a fun and competitive squad.
Balthazar’s long-term scholar incentive program aims to give its students a stake in the company’s long-term success by giving them skin in the game. Every new and existing Balthazar Wizard in their scholarship program will earn US$100 in Balthazar tokens.
An in-built NFT marketplace is also being constructed for the community to buy and exchange NFTs. In addition, Balthazar List is presently under development as a platform for game producers to launch games directly into the community.
Balthazar has five main features as part of its P2E gaming community:
Balthazar Guild: Gaming community that enables gamers to play and earn NFTs. Through their Scholarship Program, Wizards can borrow assets from the guild to play games. The benefits are split between the Wizards and the guild, with the money going back into the DAO’s construction.
Balthazar Play: A marketplace where gamers can easily buy game NFTs and use them to play and profit in blockchain-based games.
Balthazar Lend: Institutional investors and holders of NFTs may earn a return on their in-game assets using Balthazar Lend. In exchange for yield, these NFTs are given to Balthazar, who uses them in the Balthazar Scholarship Program.
Balthazar Buy: Investors can purchase NFT assets and lend them to Balthazar to use in games in exchange for a return.
The Balthazar List: Assisting games with their initial debut in the Balthazar community.
Balthazar employs a system in which all participants are on an equal footing and have equal opportunity to learn and improve, regardless of their wealth or gaming prowess.
Play to earn Scholarship is a unique concept that helps gamers who can’t afford to invest money but spends a lot of their time playing games start making money. I love the idea. More so, scholarship programs teach players how NFT games work and how best to earn rewards in the new play-to-earn model.
So what’s next for the Play-to-Earn space? First, we can expect a more significant influx of P2E gamers thanks to the scholarships provided by crypto gaming guilds like the ones mentioned in this post.
The Play-to-earn model is an appealing project in the blockchain industry. Furthermore, gaming guilds will make these NFT games even more accessible to game enthusiasts who want to play games and earn money.
Meanwhile, most popular NFT games are not free to play. Gamers need to make a substantial initial investment to participate in the game. That is because, in truth, nothing is expected of a game that allows one to earn money in the form of in-game tokens and digital assets. Every business that fetches money needs capital to start. The same principles work for Play to earn NFT games.
Of course, a few free NFT games are in the market, but they don’t pay as much as the popular ones that require money to start. Moreover, scholars play an increasing role in the Play to earn gaming world. Therefore, one cannot underestimate the potential of NFT gaming guilds.
What Are NFT Gaming Guilds?
The concept of guilds in the Play to earn game environment is not new. Most popular NFT games allow players to team up in a guild. Doing so will enable gamers to concentrate and progress further into higher levels in the game. Gaming guilds have helped the NFT gaming industry substantially. However, the concept of a guild in a play-to-earn game environment is spectacular.
In a play-to-earn environment, gaming guilds allow players to share thei犀利士r existing in-game tokens with those who can’t afford the pay-before-play aspect of NFT games. Most popular NFT games require an upfront investment which some players can’t afford. Some investments cost up to $100 or more, whereas other crypto games require four to five-digit commitments. An NFT gaming guild will enable more players to enter an NFT game without financial obligation.
Players sharing their in-game assets through a gaming guild will rent them out. The user who receives the in-game purchases will then learn to play NFT games through guidance and share their in-game rewards with the asset’s owner and guild. The players recruited using this method are called scholars who need to understand how NFT games work to earn more in-game items without stress.
The concept of establishing a guild makes play-to-earn games more accessible. Moreover, it benefits NFT games, potentially paving the way for an excellent economy. More gamers mean more demand for in-game rewards.
The Best Gaming Guilds
Several entities have come to stay as gaming guilds. Either in a region or as a global phenomenon. Established brands include Yield Guild Games, Merit Circle, Unix Gaming, Avocado DAO, and Good Games, Guild. Most of these guilds develop a solid presence across a dozen NFT games, enabling scholars to get in and ensuring broader liquidity for in-game NFTs. Splinterlands and Axie Infinity are two of the best NFT games being explored by guilds.
Balthazar’s lending platform allows lenders to gift in-game NFTs and receive NFTs representing the ownership contract. In addition, lenders can track in-game earnings through a dashboard and automate payments, delegation, claims, and account creation.
The platform has over 1,500 scholars active, with over 50,000 waiting. Additionally, Balthazar has a report division attracting partners to diversify its approach further.
How Can One Join A Guild?
Knowing gaming guilds for play-to-earn game projects is one thing, but joining one is another. The easiest way to do it is by establishing direct communication with the guild of choice. That involves using social channels and becoming active in the community. Most guilds have a waitlist for people to become registered. However, it can take a while to apply and become a candidate.
The impact of UNIX scholarships cannot be underestimated either. Play-to-earn blockchain gaming can strongly impact people’s lives, depending on their situation. Some people enjoy having fun in these NFT games, with rewards being a bonus. Also, earnings are a lifeline to make ends meet. And UNIX Gaming has introduced its spin on Play to earn scholarships to stand out from other gaming guilds.
Play-to-earn guilds have a social responsibility to raise the bar. It is not only about playing games to earn in-game assets; gaming guilds also allow players to come together and understand how NFT games work.
Gaining More Through Guilds
While gaming guilds make play-to-earn games more accessible, they also benefit players in other ways. For example, scholars can make real money from this method, even if it is to split their in-game earnings with the original NFT holder and the guild. Depending on the NFT game one plays, one can earn up to $100 a day by playing NFT play-to-earn games.
Many scholars are playing NFT games to make money without an upfront investment. Although unfortunately, though, there are free NFT games to play; scholars choose to participate in some of the top NFT games with investment options because they know they are more lucrative.
If those guilds can provide the tremendous benefits one needs to succeed in the game and life, they may become one of the best in the NFT game industry. The numbers look suitable for players, and now is the time to add rewards, benefits, and incentives to the equation.
Benefits and Commitment
It’s essential to have expectations for some gaming guilds. While it helps players to make money easily with play-to-earn games, players still need to commit more time and effort. There is no freebie in the crypto industry, and if players do not meet the guild’s expectations, their scholarships will be revoked relatively soon. Therefore, a guild is not the best choice if one isn’t ready to commit more hours of playtime daily.
Gaming guilds provide scholars with a way to earn money playing NFT games without making an upfront payment. It’s indeed the best way to make money for free.
For players ready to make that commitment, gaming guilds provide numerous benefits. Financially and in training and meeting other scholars or independent players. It is also a significant development for the play-to-earn gaming industry as more people experience new and exciting games.