You can earn money playing NFT games! As the blockchain-based video game industry continues to grow, so does the number of NFT games available to play! If you’re interested in earning income playing these types of games, then you’ve come to the right place! I’ll walk you through exactly how to earn money with NFT games including which ones are worth your time. How much you can expect to make, and what else you need to do besides playing the game itself in order to earn money.
What are Non-Fungible Tokens (NFT)
Non-fungible tokens (NFTs) are a relatively new innovation in crypto that has started popping up more and more frequently. NFTs are similar to cryptocurrencies, but they differ in one very important aspect; each token is unique. This isn’t true of normal cryptocurrencies, where all tokens are identical (apart from their transactions data). Most people aren’t aware of it yet, but non-fungible tokens will open up a whole new set of uses for blockchain technology that we’ve only begun scratching the surface on. For example, having unique and non-duplicable ownership records has huge implications for digital security and identity management.
What is ERC721
ERC721 is a technical standard used for non-fungible tokens or unique digital assets. Originally created by Ethereum, ERC721 can be implemented on any platform that supports smart contracts. On a technical level, it allows for each token to exist as its own blockchain. Think of each token as having its own registry containing information about that specific token and nothing else. Then think of how many different types of baseball cards there are—and now think about how many different types of baseball cards there are in every condition imaginable. That’s what you’re dealing with here (although don’t get too lost in analogy-land; ERC721 tokens aren’t actually physical objects).
What Are CryptoKitties
CryptoKitties are collectible digital kittens based on blockchain technology. Each kitten has unique features, behaviors, appearances, and genetic traits. In 2016 a game called CryptoKitties launched on the Ethereum network that uses ERC-721 tokens (non-fungible tokens) which run on Ethereum. These tokens can be collected, traded, and even bred making them one of many cryptocurrencies in existence. If you would like to learn more about CryptoKitties or how to earn money from NFT games check out our CryptoZombies course or just join our community!
What Makes Cryptokitties So Special?
Cryptokitties is an online gaming app built on a network of smart contracts that facilitate collectible and tradable Ethereum tokens known as Cryptokitties. Cryptokitties are highly-desirable ERC-721 non-fungible tokens (NFTs). This means each Cryptokitty is unique and distinct from other Cryptokitties, even if they look exactly alike. Many consider CryptoKitties to be one of the first massively successful examples of an application built on blockchain technology. CryptoKitties was launched in late 2017, and within its first month, it generated over $15 million in revenue.
How to Buy And Sell CryptoKitties
When you’re thinking about trading CryptoKitties, it’s important to understand how and where you can buy and sell them. For example, are you going to use a public or private sale? If a public sale, what exchange will you be using? Will you be selling via a third-party auction site like KittyIndex or The Abyss, or will you set up your own auction site? One thing that often trips people up is how to cash out of their NFTs; after all, there aren’t many good options for doing so at present.
How Does The Game Work?
In order to earn money playing these games, you need to know how they work. CryptoKitties utilizes Ethereum and smart contracts in order to make each of their CryptoKitties unique. They have a front end that users can access through their website or an app on their phone, which is where most of our discussion will center around. But in order for your game character (CryptoKitty) to be unique and actually live on its own within the game universe, it has to use blockchain technology. Blockchain technology allows anyone anywhere in the world that has a computer and Internet connection to view anything stored on that blockchain in real-time without needing a central server—and no one can change what’s there without being identified by everyone else on that blockchain.
Strategies for Winning At CryptoKitties
Since launching in late 2017, CryptoKitties has established itself as one of the most lucrative blockchain-based collectibles games available. At its peak, it generated over $3 million per day. It might seem simple — you can buy and sell digital cats.But it’s quite complicated because they’re governed by smart contracts, meaning players have complete control over what they can do with their crypto kitties. Some common strategies for winning at CryptoKitties include siring new kitties, selling them for ETH, or using them to breed more valuable kitties.
Other Ways To Earn Kittens and ETH
It’s not just about CryptoKitties. There are other ways you can earn Kittens and ETH by playing games on Ethereum, such as War Riders. Check out our game list here. You could also check out SpankChain, a blockchain-based adult entertainment platform that uses its own cryptocurrency, BOOTY tokens. What you’re looking for is an application or service that has strong potential to grow your crypto assets. However, before investing in an ICO, make sure it’s based on ERC20 token standards and has a working product! In many cases, these projects require Ether or Bitcoin investments in order to contribute towards the development of their product and perhaps even claim a reward.
Conclusion About CryptoKitties
What Makes CryptoKitties Different From Other Collectibles, Like Beanie Babies? What Are Non-Fungible Tokens (NFTs)? How Do I Buy and Sell CryptoKitties? How Much Can You Make Trading CryptoKitties? Does This Sound Like a Lot of Work for Little Reward? Why Would Someone Even Do This, Then? Should You Be Buying Kitties and Earning Neopoints in Your Freelance Writing Business As Well? Should You Invest in Cryptokitties Right Now If You’re Not Part of The Kitten Market Right Now?