The gaming sector is expected to generate $196 billion in revenue by 2022, according to recent research. NFT games that use non-fungible tokens are becoming more popular in the gaming industry. NFTs are blockchain-based digital assets that may be used to represent anything from ownership rights to in-game stuff.
The success of NFT games has increased demand for their products. These two games have each brought in millions of dollars in sales, and they only represent the advent of NFT gaming trends. Confused How To Make Money With NFT Games?, Keep reading!
If you want to be ahead of the curve, keep an eye on the NFT gaming market and the types of games to be aware of in 2023.
Types of NFT Games
Play To Earn Games
Play-to-earn (P2E) video games reward players for their time and effort invested in the game, something that traditional video games do not. Each game offers a unique way to commend players for their in-game accomplishments. While some P2E games demand a purchase upfront, others can be played for free.
Move To Earn Games
The Move-to-Earn platform, or M2E, is a new cutting-edge strategy that seeks to draw customers by rewarding them with NFTs. Additionally, M2E is a popular idea that enables people to make money while engaging in physical activities like walking, jogging, dancing, playing, and more. This mechanism has received a lot of interest recently because of its ability to link the physical and virtual worlds.
Sleep To Earn Games
Sleep-to-Earn game is one of the best passive income option in the blockchain sector that allows people to make money while they sleep. With this brand-new idea, individuals may make real money while they sleep using cryptocurrencies and non-fungible tokens. The working mechanism of such a game may differ, but often the reward is obtained by exchanging the in-game money for cryptocurrencies or tradeable NFTs.
A role-playing game (RPG) allows you to take control of a fictional character (or characters) who are on a mission in a virtual environment. You can build your own online gaming platform using a video game solution called RPG development. Users of the platform can access a permanent online environment while playing a specific game using the game's user interface.
Top 7 Games To Know In 2023
Axie Infinity is a commerce and combat game powered by blockchain that is run and owned in part by its users. The game developer Sky Mavis, who focuses on technology and has a crew that is mostly headquartered in Vietnam, released Axie Infinity in 2018. The founders of Axie infinity were Trung Nguyen and Aleksander Larsen.
The current live price of Axie Infinity is $12.54 USD, and its 24-hour trading volume is $56,227,429 USD. With a live market cap of $1,041,920,093 USD, CoinMarketCap now ranks #48. It has a maximum quantity of 270,000,000 AXS coins and a circulating circulation of 83,056,187 AXS coins.
The canadian startup Dapper Labs created the Ethereum blockchain game CryptoKitties, which lets users buy, collect, breed, and sell virtual cats. It is one of the earliest initiatives to use blockchain technology for leisure and entertainment. In December 2017, the game's popularity congested the Ethereum network, causing an all-time high in transactions and a significant slowness.
In the previous seven days, three CryptoKitties NFTs have been sold. $77.61 in sales was made for CryptoKitties overall. One CryptoKitties NFT typically costs $25.9. There are 2,015,222 CryptoKitties in circulation, with 117,201 owners.
A free-to-play game called Gods Unchained was created with both NFT and a well-known card trading game that was taken into consideration when developing. The debut of James and Robbie Ferguson's Gods Unchained Ethereum beta in 2018. This is the duo's second blockchain game, following the debut of Etherbots and the founding of Fuel Games.
Gods Unchained now has a live price of $0.424535 USD and a $5,885,843 USD 24-hour trading volume. With a live market cap of $32,840,453 USD, the current CoinMarketCap ranking is 453. It has a maximum quantity of 500,000,000 GODS coins and a circulating supply of 77,356,229 GODS coins.
Decentraland is a browser-based 3D virtual world platform. On the platform, users can purchase virtual land parcels as NFTs using the MANA cryptocurrency, which operates on the Ethereum blockchain. It was made publicly accessible in February 2020 and is controlled by the nonprofit Decentraland Foundation.
Decentraland generated total revenue of $161.62k. One Decentraland NFT cost an average of $4.1k. There are 7,592 Decentraland owners, and there are 97,763 tokens available in total. Overall 39 Decentraland NFTs were sold over the course of the previous week.
The Sandbox, a virtual environment introduced in 2011 by Pixowl, allows users to create, control, and sell their gaming experiences using SAND, the platform's utility token. By combining the benefits of decentralized autonomous organizations (DAO) with non-fungible tokens, The Sandbox creates a decentralized platform for a thriving gaming community.
The current live Sandbox price is $0.841198 USD with a $152,643,317 USD 24-hour trading volume. With a live market cap of $1,261,351,905 USD, CoinMarketCap now ranks 43rd. There are 1,499,470,108 SAND coins in circulation, with a maximum supply of 3,000,000,000 SAND coins.
Splinterlands began operations in May 2018 and introduced Splintershards (SPS) towards the end of July 2021 as the governance token for the SPS decentralized autonomous organization (DAO). Splinterlands is a blockchain-based, digital collectible card game modeled after Magic the Gathering and Hearthstone in which players assemble a deck of cards with various properties and engage in skill-based combat with other players.
The current Splintershards price is $0.070740 USD with a $1,975,709 USD 24-hour trading volume. With a live market cap of $57,998,987 USD, CoinMarketCap now ranks #326. It has a maximum quantity of 3,000,000,000 SPS coins and a circulating supply of 819,887,000 SPS coins.
In the fantasy football game Sorare, players can exchange authentic digital artifacts. The platform is expanding quickly, and users from all around the world are buying, trading, and collecting the blockchain-backed NFTs of their favourite athletes.
Statistics show that Sorare NFTs were sold 10 times in the previous week. Sorare made $131.89 in sales overall. One Sorare NFT cost an average of $13.2. A total of 335,671 Sorare tokens are owned by 17,183 different individuals.
Hope you learned that NFT games have become more popular in recent years. Moreover, our AssetFinx professionals are highly skilled and offer the best facilities for the development of top NFT Games. If you're interested in creating your own top NFT Games in 2023, then do get in touch with our NFT Game Development Company.
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