Less Known Pros and Cons of NFT Games to help you Decide
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.
Conclusion
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.