What are they and how do they work? – Behaviour – Estadão E-Investidor – Main Financial Market News

  • In addition to selling NFTs, these games allow players to earn new tokens as they level up or gain good rankings.
  • People can make money through three main NFT gaming models: Metaverse, Play-to-Earn (P2E), and In-Game.

Do you know what an NFT game is? To keep you up to date, electronic investor Talk to NFT expert Pedro Almeida.

Before we jump into the field, though, it’s important to understand what NFTs are.

Non-Fungible Tokens (NFTs) are digital assets that represent real-world objects such as artwork, music, video, and gaming items that are traded online.A game that is considered an NFT dA must for gamers cryptocurrency Can be exchanged for real moneyaccording to Almeida.

To turn the game’s coins into cash, a user’s wallet needs to be connected to an exchange, which converts NFTs into currencies such as USD and Real.

What is an NFT game?

NFT games will explode in both player numbers and profitability in 2021.these titles Built on the game earning mechanism (play to win, free translation) and allow users Earn money based on effort devoted to the game stage.

NFTs are non-fungible tokens that represent real-world objects and are traded online. (Source: Shutterstock/Copy)

These games allow you to earn new tokens as players pass levels or get good rankings. Items purchased in NFT games can be resold on the blockchain on the secondary market.

According to Almeida, Three main modes of NFT games A place where people can make money. See each below.

1. Metaverse

In the metaverse, Interaction between game characters just like in the real worldas the expert explains: “It’s a communication through the use of specialized gaming glasses that make everything more interesting and realistic”.

A good example of this pattern is a role-playing game (RPG), where the player talks to non-player characters (NPCs), which are non-playable characters. “Gamers collect NFTs throughout the game, are free to explore the ‘virtual world’ in any way they want, and are able to Stake tokens to earn rewards‘, explained Almeida.

2. Play and Earn (P2E)

In Game Earning (P2E), Players are rewarded for winning and time spent in the game. Items such as characters and cards obtained are rare and can be sold or exchanged for real money, According to experts, “is the U.S. dollar or any other currency provided by the developer”.

Almeida uses games as an example to explain the P2E mode last survivorin which the player’s goal is to eliminate opponents and become the last survivor, relying on characters with unique abilities and weapons.

In this mode, Players can also buy and sell NFT items.

3. In-Game or Collection

According to experts, players or collectibles in the game, Earn items while playing They can sell them to interested parties for a price that depends on their rarity.For Almeida, “an example of a game is Meta gearwhere players can exchange items, garages and accessories”. Still according to him, the one who builds and creates robots to fight and reach the ranks can even Rent NFTs from other players to help you on your journey.

How do I know which NFT game I should invest in?

Almeida says research on games is important”Before getting into any game and going out to invest“. Experts say that everyone interested in NFT games should know that such markets “come and go, grow and shrink” and that any app or website can be taken down, resulting in damage to gamers.

“Many people end up investing everything in one go famous all-inthink they’ll make twice as much money,” he cites. fall in love with deceptive advertising Who says if you play a certain game, you’ll win triple your stake in three days.

According to Almeida, the NFT market is growing and very broad. “If anything is tokenized and stored in a digital wallet, anything can become an NFT.” Expert advice to anyone looking to start investing in NFT gaming is to understand Where to start, which game to start with and how much to invest.

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