Will You Play NFT Games, and Why?
Will You Participate in NFT Games and Why?
Blockchain-based GameFi games have been growing in popularity in recent months, thanks to the rise of cryptocurrency and NFT trading around the world. If you’re unsure as to why people play these games or the benefits they can bring to their players, this article is for you! Here we’ll be breaking down a little bit about the GameFi space to help readers understand what it’s all about and why you may want to consider jumping into the world of NFT games..
First and foremost, think about it: why do people play regular video games? For fun of course! Games are a great way for people to relax and unwind after a long day and stimulate their minds with some good old fashioned interactive entertainment. They help pass the time and keep us engaged with their stories and gameplay, not to mention all of the social aspects that come with gaming. Multiplayer games let players socialize with friends and strangers and meet new people who share their passion for gaming, bringing them closer together in an engaging way.
2. Community:
Speaking of bringing people together, NFT games are a fantastic way to meet new people from all over and build camaraderie amongst members of a community. Both within the games themselves and on outside platforms game developers and their communities use to communicate with one another such as Discord, Telegram, Reddit and other social networks, these games create tight-knit groups of like-minded people all looking to have fun and earn rewards for playing in the process.
3. Rewards:
Now we come to what’s likely the biggest draw and most appealing aspect of playing GameFi games: the rewards! Each NFT game out there offers incentives for users who spend time playing the game, with some requiring initial purchases to start earning and others being entirely free-to-play. More often than not, these games reward players with a native in-game cryptocurrency token which can be claimed to a personal wallet and swapped on an exchange (centralized or decentralized) for other crypto tokens and/or fiat money. Most games also utilize their own NFTs which are used in gameplay and can be held in a wallet or sold either on in-game markets or supported third-party NFT marketplaces such as Opensea, Rarible, or LooksRare. Both in-game crypto rewards tokens and NFTs are a great incentive for players, giving them the unique opportunity to earn a source of income just for playing games, which they would usually do in their free time anyway for entertainment value alone.
We’re entering a new digital age where metaverses and the Web3 space are actively being developed by future pioneers today. The GameFi games available now are amongst the first of what’s looking to be a massive industry in the very near future: play-to-earn (P2E) entertainment. They’re not just helping people make some extra money, they’re actively bringing people together and are helping to fuel mass adoption of cryptocurrencies and NFTs, making them more accessible to newcomers and driving real-world change for the future of this emerging space.
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