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| #Post#: 2529-------------------------------------------------- | |
| GameFi: How to Earn Crypto Playing Games Online | |
| By: muqing mumu Date: February 22, 2023, 5:31 am | |
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| GameFi is one of the hottest new trends to emerge from the | |
| crypto industry, combining decentralized finance and | |
| non-fungible tokens with blockhain based online game . | |
| Unlike many traditional online games, which operate on a | |
| �pay-to-win� model and allow players to purchase upgrades in | |
| order to gain an advantage over others, GameFi introduces a | |
| �play to earn � model. This concept involves giving players | |
| financial incentives to play and progress through games. In some | |
| cases, this has allowed gamers to earn a full time incone | |
| How it works | |
| All objects in these types of games are expressed as NFTs � | |
| digital tokens used to prove ownership of scarce intangible | |
| items. Think of things like plots of land, avatars, costumes, | |
| weapons and gold bars. Once players find and accrue these items | |
| through gameplay, many have the option to trade these with | |
| others in digital markrts place for different NFTs, or sell | |
| them in exchange for cryptocurrency. | |
| Depending on which game is played, users can increase their | |
| earning potential by dedicating time leveling-up and improving | |
| their characters, creating monetized structures on their land | |
| that other gamers pay to use or by competing against others in | |
| tournaments. | |
| In order to keep track of what every player owns, all | |
| NFTs and cryptocurrency transaction data are stored on a public | |
| blockchain. This is a type of technology maintained by a global | |
| network of computers. Leveraging this technology in gaming | |
| provides a number of Distributed ,digital,record-keeping | |
| benefits, including: | |
| Players can easily prove ownership of their in-game | |
| items. There is no single point of failure, meaning players will | |
| no longer be at risk of Losing track of what they own | |
| if the underlying gaming company experiences technical | |
| issues. Items accrued during gameplay cannot be counterfeited, | |
| removed or destroyed. | |
| Game-native cryptocurrencies can be sent and received | |
| without the need for intermediary settlement, clearing or | |
| custody. | |
| Some games also include DeFi elements such as staking , where | |
| players can lock away certain tokens in order to earn annual | |
| interest and other rewards they can save to purchase other | |
| in-game items or unlock new content. | |
| What you need to play | |
| In order to take part in any these play-to-earn games, users | |
| will need to do the following: | |
| Create a cryptocurrency wallet: To store their virtual | |
| currency and NFTs, and make in-game transactions. Which wallet | |
| you need will depend on which blockchain the game was built | |
| upon. For example, MetaMask � an Ethereum-based crypto wallet | |
| service � will work with any GameFi game built on Ethereum. | |
| Purchase starter items: All GameFi games are free to | |
| download. However, many require players to first purchase | |
| characters, native crypto tokens, decks of cards or upgrades in | |
| order to begin. | |
| Pre-funded crypto wallet: You will need to pre-fund your | |
| crypto wallet with a particular cryptocurrency in order to | |
| purchase starter items and proceed. , for example, cryptoblades | |
| requires users to download Metamask , purchase Binance coin | |
| (BNB) and exchange it for the game�s native cryptocurrency, | |
| SKILL. | |
| Top GameFi games right now | |
| For players looking to get involved in these blockchain-based | |
| games and start earning cryptocurrency and NFTs, here is a | |
| breakdown of some of the leading games currently available. | |
| Alien Worlds | |
| In this game, players join an alien universe consisting of | |
| several planets where they must fight for scarce resources and | |
| mine the game�s native cryptocurrency, trillium (TLM). Players | |
| can also battle each other, go on quests and earn additional | |
| income by renting out their land to others. | |
| CryptoBlades | |
| Crypto Blades is a web-based role playing game that emulates | |
| traditional games like Skyrim or Dark Souls. Players can battle | |
| monsters or complete in-game raids to earn SKILL tokens. To help | |
| with battles, players can craft weapons to build an advantage | |
| over their opponents or boost their power. These items can then | |
| be traded in an open marketplace. | |
| The gameplay itself is straightforward. There are four main | |
| components � fire, earth, lightning and water � allocated to | |
| each character, weapon, attribute and enemy. Each component will | |
| have its strengths and weaknesses, which players must then | |
| utilize and build strategies to beat their opponents. | |
| Axie Infinity | |
| A Pokemon-inspired universe where you can buy, take care of, | |
| breed and trade digital monsters called �Axie.� Axie Infinity | |
| runs off its own specifically built sidechain so that it can | |
| optimize gameplay and scale effectively. | |
| The game has a high earning potential but requires high | |
| involvement to breed, care for and trade rare or unique Axies. | |
| These monsters can battle each other to earn SLP tokens or be | |
| sent on quests for resource farming. | |
| FAIRY CAT | |
| Fairy Cat gamefi fairycat .net is a virtual pet blockchain game | |
| Play to earn. The Fairy Cat Blockchain Game offers players and | |
| investors a very unique opportunity to collect, trade, battle | |
| and earn rare assets that greatly increase their income. Fairy | |
| Cats and all other in-game items will be stored as NFTs with a | |
| 1:1 equivalent of USDT in the player's wallet and thus can be | |
| sold for profit and freely traded. | |
| F-Cat game is a sub-project of the "Save every cat in the | |
| world" project initiated by Japanese cat lover Rock. It is | |
| developed by Kia Game Studio team. A kind of blockchain game. | |
| In F-Cat, you can let your elven cats find treasures for you. | |
| These treasures will become your assets in F-Cat game . Your | |
| assets can be converted to dollars at any time. Withdraw your | |
| assets, we hope your proceeds in the game can be used to save | |
| the stray cats or other stray pets around you, treat every pet | |
| around you sincerely! | |
| All proceeds from this project will be used to save stray cats | |
| on the street, buy cat food and provide cat nests for them, | |
| under the supervision of players | |
| The sacred tree, the home of the elven cats | |
| On a small hill in the Elven kingdom, there is a sacred oak tree | |
| called the Divine Tree, a giant tree with nine roots that | |
| connects the nine worlds of the universe. One goes to the Land | |
| of Fire, one to the Land of Fog, one to the Land of the Gods of | |
| Warner, and one to the Land of the Gods of Assa. There is also | |
| the Land of the Light Elves, the Land of the Dark Elves, the | |
| World of the Dwarves, the Land of the Giants, and the Land of | |
| the Dead. The land of the gods of Assa is connected to the human | |
| world by a rainbow of fire. | |
| The sacred trees are guarded by elven cats, and each green tree | |
| canopy becomes the home of an elven cat. | |
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