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May 27, 2022November 22, 2022

The Crypto Gaming Guilds for Play to Earn Scholarship

Gone are the days when someone spends hours on a video game and derives nothing but entertainment. Now, playing the game can give you more than entertainment; it can become a source of earning money consistently. In addition, it can even become a means of investment to get more profits. Players can now quickly get paid for what they love to do through the play to earn scholarship model.

This game came to the limelight during the lockdown in the Philippines and Indonesia. As a result, many play to earn scholarship became a means of making a living for residents of these countries. However, as much as this opportunity was huge, not all of them could afford the initial deposit to play the game. For example, the Axie Infinity is a game that requires a new player to buy at least three axies before he can play the game at all.

But these axies are not cheap in the marketplace, without which the player cannot form a team to start. Meanwhile, the passion was there for those who saw how much money the earlier players were making from playing Axie Infinity. These large number of game players from developing countries need to find an alternative to investing in this game quickly. So, let us quickly discuss how the crypto gaming guilds came to be.

Origin of the Play to Earn Games Guild

The first gaming guide for the Axie Infinity became necessary as many players who have experience with the type of game could not afford the entry fee. The principal purpose that players derive from creating a play-to-earn gaming guild is to allow game asset owners to lend out the axies that the new players may not have. This system of co-ownership of the digital assets is also called scholarships.

When the players play with this borrowed character, the profits they gain are shared by the game investor and the player. The usual rate involves the scholars taking about 70% of the share, the managers getting 20%, and the guide taking the remaining 10%. After this community guide strategy, other crypto gaming guilds imbibed this scholarship method. As it stands today, the play-to-earn crypto gaming guilds for NFT games are a massive organization with a durable structure.

The organization comprises investors, managers, and gamers who are the significant intermediaries in the game environment. Meanwhile, the game players can buy in-game assets such as weapons, characters, monsters, game skins, and land in the form of NFTs. On the other hand, they can also lend them out to different players in their hundreds and thousands. They can keep playing and earning more and more gaming assets from different virtual worlds.

The Difference between Crypto Gaming Guilds and the Traditional Gaming Guilds

When comparing the traditional gaming guilds with the crypto world of gaming guilds, we can be confident that the newer version has several unique features. Traditional gaming guilds have lasted for several decades. Meanwhile, the new NFT gaming system does not deny the game’s competitiveness and has enhanced its popularity. Some competitive gaming guilds include the Cloud9 and FaZe Clan, which represent the best of traditional gaming.

Whereas there is a big difference between the crypto gaming guilds representing play to earn scholarship and traditional games, the players must make a rational decision. Traditional gaming guilds involve the gamers playing the game regularly, with the guilds falling or rising within the game. On the other hand, crypto gaming involves guilds acting as the platform for different natures of support for new gamers. These gamers are also looking to start playing and earning from the games.

There is also a high level of security for the game investors in a play-to-earn gaming guild. The game may lose popularity, and the gaming space becomes challenging to make a profit. In such a case, the gaming guild can then move to another popular game without losing assets. More players can also profit from the organization, and more investors are interested in the crypto VCs. We can easily spot Axie Infinity as we enter the market for better results.

Yield Guide Games (YGG)

The largest guild for play to earn scholarship is the Yield Guild Games (YGG), covering up to $333 million as the market cap. In addition, the market cap was also very high at about $720 million in November 2021. Gabby Dixon, a veteran gamer and a game player on Axie Infinity, developed the YGG in 2020. Meanwhile, YGG as a platform is based on the Decentralized Autonomous Organization (DAO). Also, it adopted the name Guild of Guilds as the first of its kind.

YGG also published an article in the 2021 Year-End Retrospective, claiming that there are over 10,000 Axie Infinity Scholars in over ten countries. These scholars are either in a profit share with the investors or renting the in-game assets in the guild. In the end, the DAO earns about 10% from every paid rental fee. As it stands, YGG has also been able to raise a total of $28.4 million in over 5 rounds of funding at the beginning of this year, 2022.

The top investors on the YGG platform are Animoca Brands and BlockTower Capital. In addition, YGG also developed a native token, known as the $YGG, and it is backed by the ERC-20 token, which they can use for governance. In finance, founders, advisors, and private investors now work with vesting schedules and lock-up periods. Setting up the right policies can also have a massive dump of tokens within the market.

Good Games Guild

The Good Games Guild is a reasonably new crypto guild with well above 300 scholars and more than 117,000 followers on Twitter. The investment arm and game incubator of the Crypto Gaming Guild is the Good Games Guild. Some months ago, the Good Games Guild closed a Seed fundraising round deal worth over $1.7 million. This investment came from Illuvium, OKEx Blockdrean Ventures, Animoca Brands, and others.

May 27, 2022November 22, 2022

The Fun and Adventure of Play to Earn Games

It is easy to explore video games traditionally. Still, the natural spice is making income from the play to earn games. Play-to-earn (P2E) games bring virtual wealth into the real world through the NFT currency conversion. Players can buy or sell crypto coins to another player on the platform or trade them within the marketplace. As a case study, the Axie Infinity is a sure way of trying out the methods of earning money from these play to earn games.

Below are exciting issues that enhance the level of fun and adventure that players can have.

Can a player do similar NFT games to earn more money?

Play to earn NFT games come with a crazy fever with a sure way of earning money from accomplishing all the tasks on the platform. Therefore, every new competition also has a new feature to add with more financial rewards. And as the player explores these play to earn games, he can also perform better and get more results. When you focus on the fun of the game, you can also earn money in a suitable way for the style.

1. Chimeras

One of the most fun-filled games in the NFT creation world is the Chimeras, which sits among the online minigames. This game includes some in-game items such as creating creatures, trading, battles, and the virtual development of the players.

2. Chumbi Valley

Chumbi Valley is an RPG-based blockchain game that sits on the Polygon platform. The Polygon is an Ethereum scaling solution that produces a game design for the best use of the hosted application. Chumbi Valley can be played like an application with a launch on iOS, Android, and PC. Besides, this game also contains other items and creatures in NFTs and other tokens. The primary inspiration of the game is similar to the Pokemon, Zelda, Stardew Valley, and Studio Ghibli. The game players explore the forest valley in the game and create Chumbi, which are mystical creatures.

3. Morning Moon Village

This game houses a player who is required to build a farm, sell crops, and explore and collect resources. You will also have to create new equipment while having fun with all the pets within blockchain technology. This game also causes a revolution to the traditional pattern you may have been used to. At the same time, it also comes with a farming design with suitable 3D graphics and in-built game mechanics. It can also reward players with the NT rewards with demand on more minor stakes.

4. Rhinos Flyland

The Rhinos Flyland is another blockchain technology from which players can earn enough money through various in-game activities. The options include fighting, training, and creating digital trading pets, called RINOs. Meanwhile, the more RINOs you acquire, you can also continue to make more money by selling them on the marketplace.

At the same time, the players can earn RHO tokens, which are similar to the SLP tokens that we have in the Axie Infinity. Also, the game’s mission is to create blockchain games that we can immerse and sustain the player with real and legitimate value.

5. Lost Relics

The lost relics as a game refer to the journey of discovering and defeating monsters of the play-to-earn game’s world. It has a rare set of blockchain items as an action-adventure RPG (AARPG), giving players the right to own any in-game items. You can explore Talmuth and scour the dark interior when embarking on the ideal quests while searching for precious relics. On the other hand, you have to save the city’s inhabitants from invading devouring beasts. These items found on the network are the ERC-1155 and are on the Ethereum network. But you can freely turn them into tangible assets of real value through buying, selling, and trading.

6. MetaLovil

MetaLovil represents a new open world of the metaverse for play to earn games, providing a peculiar experience on the BSC. In addition, the game also makes it easy for users to earn money while enjoying metaverse. The labor of uniting and building a Utopia in the metaverse involves buying and owning private land portions and collecting materials from the nodes in the wild areas anytime. The pursuit is also to make the correct in-game currency available and remain valuable.

7. DogeDash

The Super Mario run inspires DogeDash, but this one involves earning coins through a skillful display within the game and contributing to the over ecosystem. Also, the game has a simple objective: to dash as fast as the character can take it through up to 10 levels. While the player’s character moves through, it collects coins along the way. When the players begin to compete at each level, a successful completion attracts earnings directly into their wallets.

8. Overlord

No doubt, the explosion of Overlord as an NFT game changes the narrative of the online video game trends. NFT on the blockchain network alone takes a massive integration into the whole system as a profit-making project. Otherwise, all that the video game offered would have been simple web-based games.

A uniqueness of Overlord is that it is the first mobile role-playing game (RPG) that has been integrated successfully with NFT for income generation. Therefore, when you have a mobile phone, a reasonable space, and an internet connection, you can experience fun and adventure with the Overlord. A new player may even start with the demo version before subscribing to the paid version.

9. Reborn

The Reborn, as the name sounds, is like life cards located on different life nodes. Players can get NFT rewards in the form of in-game assets of mint their NFT talent cards, the Life Node Card NFT, and the Life Memorial NFT Card. These cards can be easily traded on the NFT Master, which serves as a marketplace. The simple goal is to stay alive and not deplete life, different from the typical expectations.

Conclusion

In conclusion, time and space will not permit me to mention the others, such as the 8-Bit Doge and similar play to earn games for adventure. This list of top NFT games for adventurers may guide your line of thought and hopefully that of your income too. Get ready for the best impression of play to earn games you have ever had.

May 27, 2022November 22, 2022

The Role of NFT Technology in Best Play to Earn Games

Based on the uniqueness of cryptocurrency, the invention of Non-fungible tokens (NFTs) is another incredible innovation to know. NFT technology through best play to earn games is capable of reinventing and revitalizing the broader spectrum of finance and gaming entertainment. Since this invention was first introduced, it has continued to increase in popularity and bring about huge profits.

However, the most significant addition is the play to earn model in the gaming industry. However, there may still be many uncertainties that shroud the overall acceptance of this model. Some of the fundamental questions about best play to earn games may even include what exactly is an nft game or which nft games are worth investing in this year? Therefore, we are committed to bringing you a compilation of the top 5 NFT games that you can consider for investment. But let us start with the basics.

What is a Play-to-Earn NFT Game?

NFT refers to a particular category of games based on blockchain technology with perfect decentralization. The game design comprises in-game assets or collectibles with a digital value convertible to real-life value. As the players advance or accomplish one task in the game, they earn these digital assets as rewards. On the other hand, they may also buy these assets within the game environment or a third-party marketplace.

These digital collectibles are also sellable on the digital platform, while players can otherwise buy them from the marketplace. The currency for buying or selling any of these digital assets is the cryptocurrency upon which the game is based. For instance, the Axie Infinity is based on the Ethereum network. Therefore, the in-game assets are digitally crafted in ETH value and can be sold or bought in-game or through the marketplace.

Similarly, many games have been designed to run on the Ethereum Blockchain technology or the Binance Smart Chain (BCS). Therefore, when attempting to play any of these games, you will have to possess a trading wallet and a substantial amount of ETH or BNB coins. Otherwise, you may first have to buy them using a fiat currency and save them inside the digital wallets from which you can make the initial deposit to start playing the game.

Apart from the foundational structure of playing these games, it also has a tokenization mechanism. This mechanism serves as an extra incentive in the NFT game. As a result, each NFT game possesses its central token that becomes a medium of interaction and transaction in the platform environment. It also creates a rewarding system for completing tasks or winning battles and conquests.

Meanwhile, trading NFT assets is not the only way to earn money from these NFT games. At the same time, the players can begin to get the designated rewards for completing specific tasks or missions depending on the game theme. When you earn the rewards in digital currency, you can convert them to fiat currency by selling in the marketplace through digital means.

Types of NFT Games in the Market

There are two types of NFT games available in the market for any game lover. They are the click-to-earn and the play-to-earn games. Note that both gaming models can make money from the game player using the NFT technology. All you have to do is to take some time to pick the one that works best for you based on different factors and proceed. For instance, you may choose a particular model because of your level of gaming experience or initial financial budget. Let us try to describe each one for a clearer picture of what we mean.

Click-to-earn Games

You may have encountered one or more of these game types, but you don’t know what they are called. The click-to-earn gaming model for NFT games requires busy players only to do a few clicks. Afterward, the game plays itself with the set characters and their in-game attributes and values. This game can also be perfect for new game lovers who have primitive gaming skills. At the same time, the only thing a player needs to do is open up the screen, click a few places and get the reward after successful completion.

Play-to-Earn Games

The other option is the play-to-earn game, which is the direct opposite of the click-to-earn games. In this wise, the players are the ones that control every process of gameplay in this model. Therefore, it takes the player’s control for the game to progress until it gets to the point of being rewarded. Without the automation of this gaming system, it is nearly impossible to proceed with the game, and it may outrightly come to a halt.

What is NFT?

NFT stands for non-fungible tokens; a digital currency used to represent the ownership of various digital assets. This uniqueness and the rarity enhance the value of these tokens in the market. In addition, NFTs cannot be duplicated, copied, or centralized on blockchain technology. Anyone who possesses this type of asset can exchange the owned assets or trade them in the marketplace.

On the other hand, the NFT game contains these assets that are easy to maintain on a tracking system for ownership. Even if a new NFT was created from existing ones, it is still impossible for the new owner to claim ownership of the first one. If you desire to learn more about NFT games, you should ponder the concept of buying lands and getting a certificate of ownership of the property. While cryptocurrencies are fungible, the NFTs are not.

By implication, the NFT cannot be exchanged for another one. for instance, the crypto space with coins works so that if an owner lends another person about 500 ZMT, the repayment can also only be in the same ZMT value of any type but the same amount. On the other hand, the NFTs are different and are not comparable to tangible life assets like houses or cars. For example, if someone lends you a car, he cannot return another car even if it is the same model and type. He will have to bring you precisely the same car, not a similar or better version.

Conclusion

This article has discussed some peculiarities of having play-to-earn NFT games that are of immense value. It also educates you on the value of an NFT and how to trade with it for profits.

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