If you’ve heard of games like Axie Infinity and have some affinity with the concept of NFTs and Blockchain, you should already know that play and earn games can generate extra income or even live off of it.

Although many are suspicious of such an economy format, it is worth clarifying that such games are, first of all, investments.

Making Money in games takes a lot more than money. You also need to invest time, have some dedication in researching the market for this type of game and finally study a lot.

Today, we’re going to shorten that journey a bit and show you everything you need to know about these games before you even download them for the first time and open your digital wallet to start buying merchandise.

Given that this market is quite large and there are many games and platforms where you can play, you should be careful when choosing where to play. It is worth paying attention to the legality of the platform and the convenience it offers.

For example, such an online platform as Roku Bet accepts cryptocurrency and works on blockchain technology. Also, here you can find a large number of various games for every taste.

For now, we’ll tell you everything you need to know about games for money, blockchain and NFTs.

Games for earning money: what are they?

Games for money are very similar to the games that we usually play on consoles, computers or even mobile phones.

However, they differ in some aspects from these traditional games for one simple reason: with them, more than fun, we manage to win money, which can be quite different.

Games for earning are built on the blockchain. A blockchain is a network of information about transactions in packages, which in turn are called blocks.

Each block is unique, just like our fingerprint. In the blockchain, this signature is digital and is called a hash.

In a blockchain, each of these blocks is linked chronologically, forming an almost endless line of blocks organized as a chain. That’s why we have the name blockchain: chain blocks.

The information of all these blocks is protected by a very secure cryptographic network. Because of this, all transactions that occur in the blockchain cannot be deciphered and cannot be changed or even deleted after verification.

Let’s consider a practical example:

Edward started playing a new blockchain-based game and earned a token for it.

This token is a block of information in the blockchain, and when Edward wins it, he receives the information that should be sent to the wallet. This happens because the information is transmitted to nodes that are validators of this transaction.

A node or node can be anyone on the Internet who has that title. If the network of nodes approves the transaction, the transfer will be executed immediately.

This is how play to earn games work. From the moment we start earning with them, with each token generated, this whole structure moves fully automatically.

Difference between cryptocurrency games and rewards games

Although there seems to be no difference between the games we find in digital casinos, for example, blockchain and cryptocurrency money making games are very different from each other and definitely not about gambling.

They also cannot be understood as gambling, as they do not depend on “luck” but rather on strategy and some dedication, whether you are researching how you can make money from them or actually dedicating yourself to the game.

Play-to-earn games are very similar to console games. They have daily missions to complete.

Bounty games are more traditional where you have to bet to “get into” the game and rely on some luck to get the results you need to win the pot, which is nothing more and nothing less than accumulating a bet.

Play-to-earn games are based on a digital economy, in which it is necessary to have, for example, a digital wallet where your tokens will accumulate. At some point, you will need to make some investments to play these games. As with console, PC or mobile games, some features can also be optimized when we invest in a game.

So these games are naturally structured in such a way that we can invest, yes, but unlike what happens with console games, at some point we will get a return on our investment.

That’s because these games pay us to play – and a little more when we win some in-game things like daily missions – and not necessarily pay us to play.

Thus, we can understand them neither as games of chance nor as games in which only the bettor wins.

How to start playing on blockchain?

This will always depend on the type of game you want to play.

Games to win are divided into two groups: free and based on NFTs.

While free games do not require an initial investment, games based on NFTs require that you, in order to start playing, acquire a digital asset, either in the game itself or from third parties, in marketplaces dedicated to trading these assets.

It is necessary to understand, however, the question regarding the performance of each of these games.

Naturally, those games in which it is not necessary to make an initial investment will have mechanics in which it is necessary, for example, to watch a video or perform a certain activity outside the game in order for it to be funded.

These games also tend to have a lower yield than those based on NFTs, since, when we buy an NFT, we are financing that project – which will bring results as more people act in the same way.

NFT-based games usually have their main characters as digital assets. Therefore, to start performing actions in the game, you must have one of these assets.

Other assets can also spawn in both free and pay-to-play games. These are items that automate or enhance game functions.

Thus, it may be that at some point that free game also introduces NFTs into its mechanics, becoming, at least in part, paid.

Conclusion

The idea of earning real money through digital games is already a reality, realized in “play and earn” games in which you can earn cryptocurrencies that can be invested or exchanged for reals.

There are different types of gameplay associated with play to earn games and you can have fun playing any type of game you dare.

However, games for money are investments that, like any other type, need to be studied and monitored on a daily basis, and as investments, they also involve a certain level of financial risk.

Therefore, to find out which are the best “play and earn” games, the strategy is to keep actively learning and focus on winning more and more, optimizing the money allocated for investment!

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