Category Play to Earn Games

Difference between crypto Game, NFT game and Blockchain game

Difference between crypto Game, NFT game and Blockchain game

There’s been a controversy about the meaning of NFT, Blockchain, and crypto. In fact, I have heard people saying there’s no difference between these three terms. Have you been tricked about crypto games, and you think you are playing NFT games? Or have you mistakenly given up on knowing the difference between these terms? There’s nothing to worry about. This article will give you a bigger picture of what NFT games are all about. Not only that, you will be exposed to some things about non-fungible token games. On the other hand, you’ll be exposed to something you need to know about blockchain and crypto games. 

The push behind this write-up is that I heard some people liking or equating some new nft games like Axie Infinity Gods Unchained to be a blockchain game. Although, there’s a thin line between NFT games and blockchain games. But there’s a difference.

So, please focus on the details provided here. Are you ready for the ride? Now, let’s ride!

What are NFT games? 

It would be nice to start with the meaning of NFTs. NFTs means non-fungible tokens. NFT is a digital, cryptographic token on the Blockchain which ate created to represent a unique item. It has many causes. It could be in the form of a digital asset in a game. Not only that, the non-fungible token could be a collectible piece of crypto art. It could be in the form of a real-world object such as real estate. The world has been looking for a unique way of providing solutions to the issues about how to form decentralized digital collectability and ownership in the copy-paste. It was NFTs that brought the answer to that problem. 

Non-fungible token games are not the same as holding crypto-collectibles in your holder. An NFT game will use NFTs in its guidelines, devices, and player connections. For instance, a game could signify your exceptional character or avatar as a Non-Fungible Token. Furthermore, Digital substances you find while playing the game could also be Non-fungible Tokens. You can then exchange or trade your NFTs with other players for turnover. A fresher, play-to-earn ideal also allows you to produce income from NFT games. Also, Non-fungible Token games have been in vogue for several decades. It’s a game that virtually everyone loves to play because of some benefits and rewards attached to it. Recently, non-fungible games have been ruling the world regarding online games full of fun alongside a great tip. People often concentrate on the fun, and since the fun has been backed up with rewards, NFT games have become what people cannot do without.

What are crypto games?

Cryptogame is a video game that uses cryptocurrency. Crypto gaming balances online casino games and gambling with cryptocurrency. This means one can gamble using cryptocurrencies like Bitcoin. Not only that, but one can also bet using cryptocurrencies like Ethereum and Dogecoin instead of using old-style fiat currency like dollars, Euros, Pounds Sterling, and so on. The impression is simple: Instead of obtaining a game outright or channeling money into a free-to-play title, the game would pay you to play it, with built-in inducements to reward your time and often a tiny monetary stake in the corporation that makes it. 

Cryptocurrencies allow actors to gather and trade in virtual properties, which they can exchange and sell anywhere in the world. Therefore, it offers the gaming industry a harmless and stress-free medium to make money. The prevalent play-to-earn game Axie Infinity, for instance, permits players to buy, fight and raise virtual beings called Axies imprinted wholly on the Ethereum blockchain. Because an NFT epitomizes each Axie, they can be purchased and sold peer-to-peer utilizing cryptocurrency. Crypto games can be lucrative for operators, but most of them entail an initial investment, and there’s a learning curve involved. Although, one’s reward may vary. And it depends on one’s gaming skills.

What is a blockchain game?

Blockchain is a communal, unchallengeable book that enables the process of recording dealings and chasing assets in a business network. An investment can be concrete like a house, car, cash, and land. On the other hand, purchases can be intangible such as intelligent possessions, patents, patents, and branding.

A blockchain is a video game that includes rudiments that use cryptography-based blockchain technologies. Blockchain rudiments in these games are most often based on the use of cryptocurrency or NFTs, which users can purchase, sell, or trade with other users. Furthermore, Blockchain is an approach where the digital substances inside video games–things like collectibles, arms, and beautifying skins–are tangible world assets related to stocks in the form of NFTs. Click here to learn can you lose money playing NFT games?

Blockchain in games allows interoperable outlines of users: Crypto dealers and stockholders have the community address that they can use for transactions across diverse blockchain networks. If you form your NFT games on the Blockchain, the users can take their exclusive public addresses from one game to another. 

Hence, Companies like Sony generate billions of dollars yearly from trading games and correlated products. But one good news is that with blockchain technology, one can also make money by playing metaverse-based games.

It is expedient for me to give you an example of a blockchain. So, Bitcoin is one of the examples of Blockchain. This is a numerical currency popularly called a cryptocurrency. Also, Bitcoin Atom (BCA) is a split of Bitcoin that provides a truly decentralized way of exchanging cryptocurrencies without interchanging fees and no exchange hacks.

Closing thought

Dear reader, I believe you have gotten the complete picture of these three terms with the above explanations about NFT games, blockchain games, and Cryptogame. However, people are familiar with NFT games. It’s somehow reliable, and the reward that comes via playing NFT games like Axie Infinity can be easily converted to real money. With that said, people took NFT games to be blockchain games. If you are still confused, you can take some time to read this article all over again. Finally, I want to assure you that I am always open to receiving and answering questions regarding this topic. 

Can I lose money playing NFT games?

Can I lose money playing NFT games?

It is possible to lose money when participating in NFT games. You will get a certain amount depending on the sort of game you are playing, the mechanics of that game, and the worth of the NFTs you are managing. Losing money does not always imply that you are the victim of a fraud. Given that NFTs are speculative in nature and that their worth is based on the value that people put on them, your losses are likewise subject to market factors. Just as with any other cryptocurrency investment, only spend what you can afford to lose in the first place.

Is it possible for me to lose my NFTs?

Because of the high monetary value of various NFTs, it is normal in nft games to be concerned about losing them when participating in a game or interacting with the blockchain. If you bought your NFTs or earned them via gameplay, you must take precautions to ensure their safety. Shortly put, if you aren’t cautious, it is possible to lose all of your NFTs. Nonetheless, if you adhere to the best practices that we’ll discuss later, the odds of losing them are quite low.

There are a few conceivable scenarios in which you might lose your NFT:

When transferring it from one wallet to another, make sure the wallet you’re using supports the token standard of your NFT.

If you believe you have been the victim of a scam or fraud, you should not transfer your NFT to a fraudster.

You provide authorization to a rogue smart contract to access your wallet, and it steals your NFT in return.

You lose it since it is against the rules of the game.

With the exception of the last, you may avoid the instances described above by gaining a better understanding of the NFTS, blockchain technology, and scams in general. The same way that you wouldn’t use PayPal or online banking unless you knew how to do it appropriately, the same is true for non-financial transactions. To ensure that you do not lose your NFTs, you should do the following: 

1. Confirm that you are not falling for a scam if you are transferring your NFT to another wallet. 

2. Confirm that you are not sending your NFT to another wallet. 

3. Become familiar with the many kinds of tokens and blockchains that your wallet or platform supports. The most often used NFT token protocols for Ethereum are ERC-721 and ERC-1155, whereas the most commonly used BEP-721 and BEP-1155 token protocols for Binance Smart Chain are ERC-721 and BEP-1155 (BSC). Always double-check that you’re delivering them to the proper recipient and never presume that they’ll be compatible.

4. Only communicate with smart contracts that are part of recognized initiatives that you can put your faith in. If you allow a smart contract to interact with your wallet, you should be aware that the contract may be able to withdraw cash from your account.

5. Make sure you understand the regulations of the game you’re playing. Trade with other players and the usage of NFT consumables are features available in several NFT games. Items or potions, for example, may fall within this category. Make yourself familiar with the game in order to prevent any unpleasant shocks.

NFT games that are widely played

There is a diverse selection of NFT games available, with the most majority of them running on BSC and Ethereum. Some provide more typical video gaming experiences, while others rely primarily on the collectibility of NFTs to generate revenue.

Axie Infinity is a fictional character created by author Axie Infinity.

As previously said, Axie Infinity is based on a paradigm similar to Pokemon, with collecting animals and fights to contend with. Axie Infinity is a cryptocurrency that runs on the Ethereum blockchain and offers users the opportunity to earn money by exchanging Small Love Potions (SLP), Axies, and Axie Infinity Shards (AXS). SLP and AXS are both cryptocurrency tokens that may be traded on Binance.

Sorare

Sorare is a fantasy football game in which players from real life are traded and collected in a collectable fashion. You put together a five-player soccer squad by utilizing either free cards for novice players or tokenized cards that you buy with real money. For every game you win, goal you score, or other event you accomplish, you may earn points that will help you level up.

Sorare

Gods Unchained is a short story about a group of gods who are released from their chains.

Gods Unchained is a tradeable non-transferable (NFT) card game on Ethereum that is akin to Magic The Gathering or Hearthstone in design. In order to compete against other players, gamers construct decks of cards with varying abilities and strengths. 

As you go through the game, you will discover in-game things that you may use or sell. If you win Ranked NFT games, you can start earning Flux, which you may use to construct more powerful NFT cards in the future. You may then either cash out your gains by selling the cards or reinvest the proceeds into new cards to continue the cycle.

Binance NFT Collections are a kind of cryptocurrency.

The Binance NFT Marketplace offers an NFT game experience via the use of NFT Mystery Boxes and Collection partnerships, among other things. These collaborations vary from digital artists to non-traditional video NFT games. Every Mystery Box that may be purchased includes a random NFT from the Collection that is of a different rarity. You have the option of either opening the box to expose the NFT or selling it without opening it first.

NFT Collections are groups of NFTs and Mystery Boxes that are grouped together around a common subject or goal. Mystery Box Collections based on science fiction NFT games have proven to be some of the most popular so far. Let’s have a look at a few of examples:

The first is the MOBOX Collection. MOBOX is a game platform on BSC that combines DeFi yield farming with NFTs, and it is currently in beta. The Collection consists of NFT Mystery boxes carrying MOMO NFTs with randomized hashing power on the MOBOX platform, which are part of the MOBOX platform. The greater the hashing power of the NFT, the more valuable the MOMO is in the NFT games offered by MOBOX.

The My Neighbour Alice Collection, which includes books by Alice in Wonderland author Lewis Carroll. My Neighbour Alice is a virtual world-building game in which NFT decorative objects are used to customize the setting. Despite the fact that the game assets included in the Collection’s Mystery Boxes are purely decorative in nature, consumers continue to appreciate them and assign monetary value to them on the secondary market.

Closing thoughts

When it comes to NFT games, players take digital collectibles and develop rules for how they may interact with one other’s NFTs. While some individuals like NFTs because of their collectibility, others desire them because of their practicality. Many NFT games are played in the same way as a trading card game, although not everyone who collects the cards wants to participate in the game.

Game-fi has now built new NFT games economies, which have altered the way in which users may make money via the use of NFTs. It’s no longer only about luck and collecting anymore; it’s also about having a good time while you’re doing it. NFT games have progressed and have started to provide play-to-earn modes of operation. Game-Fi, as it has come to be called, is a hybrid of the financial and gaming worlds that allows users to make money as they play their favorite NFT games.