Connect with us

NFTs

make Huge Millions investing in Crypto Games & NFTs in 2022

Published

on

Make Huge Millions Investing In Crypto Games &Amp; Nfts In 2022

Hello there, everyone! Many individuals are claiming that crypto gaming is a once-in-a-lifetime investment opportunity, comparing it to when Bitcoin was as low as a hundred dollars per coin. So I decided to conduct some investigation to see what was going on. And I must say, I was quite taken aback. We’ve undoubtedly all heard the stories about teams making millions from Metaverse & NFTs by now, and I’ll admit that I was dubious of anyone selling these meaningless JPEG photos for such high rates. I mean, those crypto punks have been selling for up to 11 million dollars apiece; nevertheless, after doing some research into crypto gaming, this is starting to make sense as a use case for an NFT.

So that’s what we’ve been looking for. Maybe they’re starting to make sense. The more I learned about crypto gaming, the more I saw it as the obvious next step for the gaming industry, which is now worth 180 billion dollars. To think, my mother used to tell me that I was wasting my money if I spent all of my time in the arcades. So let’s talk about this new investment opportunity today, and how to get in on the first floor. Finally, as a typical investor, I’ll summarise everything. Besides If you are a super newbie in this Crypto world then sharpen your concepts first with Blockchain technology and How bitcoin works

What are Crypto Games, exactly?

Crypto Games &Amp; Nfts In 2022

How cool would it be if you could log into your favorite Crypto games and use our money while doing so? I’m not referring to a career as a player or streamer. All you have to do now is enjoy yourself while playing the game. This may seem a little weird at first, but crypto games will have a play-to-earn function, making it simple to understand why they would soon become quite popular. Gaming has no societal benefit! How could you possibly get compensated for it? Allow me to explain.

Over the previous three years, the game “Fortnite” has produced about $10 billion in in-game transactions, and they do it by selling unusual skins and goods that are only available within the game. So, unless you’re playing Fortnite, those stuff are worthless. The introduction of the battle pass aided in the achievement of these staggering income figures. After purchasing the battle pass, you will be able to unlock skins and other special stuff as you go through the game.

But what if you could take those products and sell them for a profit in the real world? Well, with crypto games, that will be achievable. All of the objects are NFTs, and the gold you acquire is a cryptocurrency with real-world worth. Inside the games, having innovative applications for these digital assets creates demand for the products and an in-game economy. Consider the possibilities: you might be playing The Sims and purchasing an NFT of a sofa for your virtual home, or you could be playing World of Warcraft and earning real money for each gold coin you acquire. With the big games, this is still a long way off.

However, you may notice this notion in a number of independent Crypto games, but not all of them, in my view, will be successful. The game must, first and foremost, be enjoyable to play. It’s great that there’s a play-to-earn option. However, if the game isn’t pleasant, demand for the coins and NFTs will significantly reduce. On the other side, a game may be inactive for a time, but if it’s really addicting, it may be widely embraced, causing the value of its cryptocurrencies and NFTs to skyrocket.

Advertisement

How can you earn money passively from crypto games?

Crypto Games &Amp; Nfts In 2022

It’s similar to when people initially became interested in Bitcoin, and as demand grew, the price began to rise quickly. The development of crypto games is quite fascinating. There are an estimated 3.24 billion players worldwide. Consider what would happen if they all desired crypto and NFTs without even realizing it, but only if one of them is an investor rather than a gamer. What difference does it make?

We now have a better understanding of how crypto games function. Imagine seeing them before they were well-known and investing in their NFTs and currencies. Like everything else, such rapid development has the potential to make you a lot of money. Unfortunately, the folks who get in at the beginning of these things generally earn the most money.

So, how can you discover these up-and-coming Crypto games before they’re too late? Well, I feel the younger generation has the edge over boomers like myself in this area. The majority of them grew up playing video games and can predict whether or not a game would be popular. However, intuition can only take you so far. It’s also critical that you conduct your own research.

Space Invaders was my favorite game as a youngster. That is, until Defender was released, which was the first horizontal game I had played. Both have become highly iconic in recent years, but it just goes to show how far things have come in such a short period of time. It’s a really fast-paced industry. During my investigation, I discovered three crucial areas that, if investigated, might provide you with a significant advantage over other investors.

1) The Game Devs

Crypto Games &Amp; Nfts In 2022

The game’s developers are the game’s most important component. Cristiano Ronaldo or Steve from the local club, who would you rather have on your football team? Of course, Steve would be fine for a post-game beer down the bar, but Ronaldo would be far more likely to assist you in winning the game. It’s the same concept when it comes to crypto games. You want a crew that has a lot of experience and has previously worked on huge games. In this manner, they’ll be able to keep their commitments because they’ve demonstrated their abilities. Do you know about First Crypto social Cryptocurrency in India?

It’s a $GARI token! For more information go and check out that beautiful article I have written for you all.

The last thing you want is to put your money into a game only to discover that the devs are stupid and are faking it until they create it. However, if you go with the Ronaldo scenario, these clubs are well-versed in what goes into making a successful game and how long it takes to get it up and going. This typically implies they have far more attainable goals and a one to two-year launch schedule, allowing them to collect player input much more quickly.

Advertisement

The problem I frequently encounter with young business owners is that they try to accomplish too much too fast because they are unaware of their limitations. Many of my friends have gone into business. And since they take this strategy, the majority of them don’t survive long, leading to burnout. This is due to their inability to meet the lofty goals they set for themselves under such tight timeframes. This sounds a lot like rookie game creators wanting to make a game that does everything.

These projects are unlikely to be finished, and if they are, they will be of low quality. Even large firms, such as Rockstar Games, take years to create games like Grand Theft Auto. So, in a realistic timescale, it’s just not achievable with teams as small as 10 to 50 individuals. The most popular indie games, in my opinion, are those with a simple storyline, similar to the game Rocket League. The principle is straightforward. It’s like soccer, except with automobiles.

On the soccer pitch, you drive around on your alone or with your buddies, using boosts to hyperspeed the car and eventually score a goal. The trip is basic but addicting; launching a game with no idea who you’ll be up against next and doing your hardest to win is wonderful fun.

2) Marketing-related graphic design

Graphic design is the second area to investigate. When you’re looking at games from an investor’s perspective, it’s easy to forget that it doesn’t matter if the game is genuinely fantastic, since first and foremost, people must be fascinated to check it out. This implies that marketing is critical. Even if you have the finest product in the world, if no one knows about it, you won’t be able to sell it. Screenshots, gifts, or the first few seconds of a trailer build your initial impression of any program. This looks a lot like the YouTube thumbnail.

It’s your initial impression of the video, and it’s supposed to pique your interest without leading you astray. Personally, I’m fascinated by the art team and the crypto game. In a big way! People do, after all, judge a book by its cover. As a result, for a game to succeed, the aesthetics must be stunning. Especially when you consider that many independent games don’t have a big marketing budget and rely on word of mouth and social media to get the word out.

Advertisement

When I was in school, the painting was seen to be a topic for slackers. Even the teacher used to declare that the only way to make genuine money was to die. Graphic art designers are now a multibillion-dollar industry. You don’t have to be an artist to appreciate these people’s ability and their contributions to game development.

3) Potential Scams

Crypto Games &Amp; Nfts In 2022

The third point to examine is possible frauds, which are common in this market because it is so young. It reminds me of the early days of the internet. Everyone was ecstatic because they believed the internet was the way of the future. And, as it turned out, they were absolutely accurate. There were, however, a number of bad investments among the excellent ones. When the bubble broke, individuals discovered that the majority of the firms they were investing in were worthless and nothing more than a fancy name to call them. A game must consist of more than simply a name and a few NFTs.

That is why, even if you feel crypto gaming isn’t the next big thing, you should consider it. You should constantly be on the lookout for opportunities. Scams are always present, and It’s a little like the Emperor’s New Clothes fable. A con artist promises the emperor that he can build him some magical clothing that will make him invisible to anybody who is foolish or inept. The emperor pays the guy a large sum of money to produce the clothing, and the con artist acts as though he is weaving without needles or threads.

No one, not even the emperor, wants to say they can’t see the clothing since it would imply admitting to appearing ridiculous. As a result, he parades them about his empire. It isn’t until the youngster points out that everyone understands they have been duped; now, becoming emperor seems appealing. Nonetheless, you must avoid becoming like this monarch at all costs by learning as much as possible about the sector before parting with your hard-earned cash. Because crypto gaming is so new, it’s simple for scammers to pose as developers. When all they’ve done is buy a demo pack, duplicate any current game, and sell their NFTs for hundreds of dollars based solely on excitement.

All it takes is for a youngster to recognize how awful the game is and point it up. Then the celebration ends, and the illusion is shattered. I’ve only ever invested in things that I know about. And it’s shown to be a successful strategy over time, but that doesn’t mean I’m not open to fresh ideas when it comes to any new frontier. It would be best if you use extreme caution. It’s far more difficult to navigate the hazards and summits in the mountains.

However, after conducting my investigation, the benefits might be considerably bigger. Crypto games, I feel, will be the next big thing in terms of big profits. And that’s exactly what I’m doing right now. I’m going to join a few discord channels and keep an eye on Twitter for the next huge win. However, because they are dangerous ventures, I will not invest more than I am ready to lose. This is a chance I can’t pass up because I don’t want to be one of those individuals that puts their money in at the last minute due to FOMO. And they’re the ones that generally lose everything.

Advertisement

If you just want to express your ideas about crypto games and NFTs, please do so in the comments box below! Let people know about your Crypto gaming initiatives by sharing them! , I’ll see you over there, then. DYOR NFA

Summary about Crypto games & NFTs

Many individuals are claiming that crypto gaming is a once-in-a-lifetime investment opportunity, comparing it to when Bitcoin was as low as a hundred dollars per coin. The more I learned about crypto gaming, the more I saw it as the obvious next step for the gaming industry, which is now worth 180 billion dollars. To think, my mother used to tell me that I was wasting my money if I spent all of my time in the arcades, so let’s talk about this new investment opportunity today, and how to get in on the first floor.

With the big games, this is still a long way off, but crypto games could one day make you a lot of money. How can you earn money passively from crypto games? The game must first and foremost be enjoyable to play. It’s the same concept when it comes to crypto games. The last thing you want is to put your money into a game only to discover that the devs are stupid and are faking it until they create it. That is, until Defender was released, which was the first horizontal game I had played. Personally, I’m fascinated by the art team and the crypto game.

Screenshots, gifts, or the first few seconds of a trailer build your initial impression of any program. In a big way! When I was in school, the painting was seen to be a topic for slackers. Even the teacher used to declare that the only way to make genuine money was to die. Even if you feel crypto gaming isn’t the next big thing, you should consider it.

Scams are always present, and It’s a little like the Emperor’s New Clothes fable. You must avoid becoming like this monarch at all costs by learning as much as possible about the sector before parting with your hard-earned cash. A con artist promises the emperor that he can build him some magical clothing that will make him invisible to anybody who is foolish or inept. Crypto gaming is the next big thing in terms of big profits. This is a chance I can’t pass up because I don’t want to be one of those individuals that puts their money in at the last minute due to FOMO.

Advertisement

And they’re the ones that generally lose everything. Because they are dangerous, I will not invest more than I am ready to lose.

Blockchain

what are NFT? non-fungible tokens simplified in 2022

Published

on

What Are Nft? Non-Fungible Tokens Simplified In 2022

What is an NFT? How do I buy one? Why would I want to buy a digital file that I can just copy in a second? Is it just another bubble? \we’ll cover these questions and more. Today’s topic is NFTs. 

What are NFTs, AKA Non-fungible tokens?

What Are Nft

NFT stands for Non-Fungible Token, but what exactly is “Fungible”? Well, you can think of something fungible as interchangeable or as having no unique properties. So, for example, if I have a one-dollar bill and ask you to trade it with me for a different one-dollar bill, you probably won’t have any issue with that since they are basically two of the same thing.

 Meaning both dollar bills are fungible. However, if, by chance, you happen to have a rare dollar bill with unique markings or a unique serial number like, say, 12345678 or an actual binary serial number where all of the digits are either 0 or 1, you probably won’t be so inclined to trade it. These one-dollar bills are extremely rare and can be traded for up to 5000 dollars and more. 

In other words, these bills are non-fungible. They are unique and have specific attributes that distinguish them from the rest of the bills. So a non-fungible token is like a special dollar bill. It’s a digital coin that has unique attributes attached to it.

Fun fact, Bitcoin and many other cryptocurrencies are considered non-fungible in the sense that you can attach a certain history to a coin. Meaning, if a certain Bitcoin was used for illegal activity, it may be worth less than a newly minted Bitcoin with no history! 

Coming back to NFTs, they are basically unique coins, but what are they used for? Well, they are used to prove ownership of a certain digital file or a digital certificate of authenticity. Confused? Don’t worry, let’s break it down. When we look at a piece of art, a painting, for example, the original artwork is always much more valuable than its copies. And there are specific methods you can use to validate the authenticity of that painting. 

Advertisement

For example, receiving a certificate of authenticity. But when it comes to a digital file, how do you know what is the original and what is a copy? And does it even matter? Well, apparently, it does. In a similar way that people assemble physical art, digital goods are becoming very popular. For example, I can write an ebook and sell the first copy of it as an “non-fungible” token

Whoever buys it from me will have the right to say that they own the first-ever copy of my book. But here is where it gets tricky. You see, it’s not that I gave the buyer any rights to my book or anything tangible for that matter. I only gave the buyer the right to brag that they own the first copy. 

So unlike buying a painting in real life and taking it home, for example, with an NFT, you don’t have any power over the goods that you’re buying. That’s why it’s questionable as to how valuable NFTs actually are. I mean, a “non-fungible” token is worth only as much as the next guy is willing to pay for it. And if it doesn’t even exist in the physical world, well… some people find it a hard concept to grasp. 

What Are Nft

How NFTs Created?

Now let’s talk about how a “non-fungible” token is actually created. First, a creator creates a digital good, an image, a video, a tweet, a website, or anything else that lives in the online world. The creator then creates a coin,v or more accurately a token, on a blockchain that supports smart contracts like Ethereum, Cardano, or Solana. This token holds within it information about the digital goods that are being sold. This information includes the token name, the token symbol, and a unique hash that proves the authenticity of the “non-fungible” token.

 Keep in mind that the digital goods themselves aren’t stored inside the token, only attributes relating to them. So while the NFT may point to where the file can be found online, anyone can use that link, and it’s not unique in any way. Furthermore, once the token is created, the creator can sell it to someone else, and that someone will be the new owner of that digital good. To sum it up, a “non-fungible” token is a token on a blockchain that acts as a digital certificate of authenticity. It can be verified instantly and also show the history of its previous owners. 

Characteristics

Aside from being non-fungible or unique, 

Advertisement
  • NFTs are indivisible
  • easily transferable
  • fraud-proof
  • and programmable. 

This means that “non-fungible” token creators can decide that royalties will be paid to them each time an NFT changes hands. 

Examples of popular NFTs

What Are Nft

Some examples of popular NFTs include crypto punks – a collection of 10,000 eight-bit style pixel art images of… well… punks that are sold as “non-fungible” tokens, and their price has already surpassed several millions of dollars. Another example is NBA Top Shot – a marketplace where fans can trade NFTs of NBA moments. These moments are video clips packaged as an NFT, a bit like the trading cards we used to have back in the day. 

So using “non-fungible” tokens for sports highlights is another way players can make money by getting royalties when a Top Shot moment that they are highlighted in gets sold as an NFT. Additional popular examples include Jack Dorsey, the founder of Twitter, selling his first-ever Tweet as a “non-fungible” token and the artist Beeple selling an NFT of his work for 69 million dollars. 

Buying your first NFTs?

Now that we’ve covered the theory, let’s get down to practice – how do you buy an NFT? In general, there are two types of NFT marketplaces – centralized and decentralized. The centralized marketplaces allow you to sign up and fund your account using a credit card or other form of payment.

 For example, Nifty Gateway is a centralized NFT marketplace owned by the exchange Gemini. There, you can buy NFTs using your Gemini balance. On the other hand, if you want to make purchases through a decentralized marketplace, you’ll need a wallet compatible with the blockchain your “non-fungible” token was created on. For example, in Ethereum’s case, MetaMask is the most popular option.

From Metamask word, just remembered to remind you guys about what is Metaverse and NFT Combined! Check out this article on Metaverse to get more ideas about it.

 It’s a wallet built as a browser extension, and you can use it to log into decentralized NFT marketplaces such as OpenSEA or SuperRare. Once you fund your account or wallet, you can just buy or bid on different NFTs in the marketplace. In the end, a “non-fungible” token is just a coin, or token to be more precise, that is stored on your wallet just like any other cryptocurrency

Advertisement

Selling your NFTs?

Keep in mind that unless you’re an avid collector, you’ll also need to sell the NFT at some point, and the “non-fungible” token isn’t very liquid. In other words, they don’t always have a market of people who want to buy them, just like it might be hard to find someone who’ll pay thousands of dollars for a rare baseball or pokemon card. 

As you can imagine, this market is very hype-driven. This could lead to a situation where a person buys an NFT for millions of dollars only to find out that he can’t sell it later on since the interest in that specific “non-fungible” token is no longer there. 

What are the uses of “non-fungible” token?

So now we come to the question – if all a “non-fungible” token is basically bragging rights about a digital file, what can I do with it? Well, most people find some creative way to show it off. For example, some NFTs are displayed digitally across art galleries. Another innovative idea that’s been getting quite popular is to use a digital frame that can display the NFT and hang it up in your house. Alternatively, you can use a physical print of the NFT with a QR code next to it pointing to your proof of ownership on the blockchain. There are also online galleries inside virtual worlds that are used for displaying NFTs.

As you can see, the opportunities for displaying your latest digital artwork are abundant. But they aren’t used only for art. Actually, anything that is unique or needs proof of ownership can be created as an NFT. In simple terms, an NFT is a term used for tagging something in the digital world as your own.

 So anything that requires such tagging can benefit from the “non-fungible” token technology. For example, Decentraland ( MANA ) is a virtual world where people can buy digital land sold or used for advertising. Online games or Crypto games can use NFTs to prove ownership of rare digital items that players can then trade amongst themselves. Unstoppable domains, which we’ve covered in the past, use “non-fungible” token to establish domain names ownership. 

Advertisement

NFTs can also be used as collateral in DeFi instead of cryptocurrencies. It’s the equivalent of pawning something you own to get a loan in the real world. NFTfi is one example of a marketplace for NFT collateralized loans. As you can see, the ideas are endless. 

Are NFTs just a Bubble on Crypto Space? 

So are NFTs the next big thing, or are they just a craze like the 2017 ICO mania? It’s hard to say. On the one hand, it seems like everybody’s talking about NFTs, and all the big companies are moving into this space. On the other hand, it’s hard to wrap your head around the concept of people paying millions of dollars for digital proof of ownership without any claim in the real world. I guess only time will tell what the future holds for “non-fungible” tokens. That’s it for today’s article. Hopefully, by now, you know what NFTs are – cryptocurrency tokens that provide proof of ownership for a digital item. 

Continue Reading

Trending