Brodie Cockett


NFT Play

The Risks Involved with NFT Play to earn games

Posted by Brodie Cockett on
The Risks Involved with NFT Play to earn games

You Could Possibly Lose More Than You Earn

Numerous NFTs are prohibitively costly, and there is no assurance that you will be able to sell one at a greater price in the future. Because the value of an NFT can fluctuate significantly within minutes, it’s easy to lose money or miss a golden opportunity by buying or selling at the wrong time. Thus, in order to be successful with NFTs, you must invest time in studying and spend your money carefully. Additionally, some NFT play-to-earn games require a buy-in, which means that if you are unsuccessful, you may never recoup those upfront costs.

If you are impatient or impulsive, you risk squandering your money on the wrong NFT. Regardless of how much research you conduct, investing in NFTs requires a certain amount of luck. Even the most seasoned traders lose money on certain non-directional trades. 

The Value of an NFT May Depreciate

Are you familiar with Beanie Babies? If you don’t, you’re either too young or too fortunate to have escaped the hype. Beanie Babies are small stuffed animals made of plastic beads that were extremely popular in the 1990s. Enthusiasts stocked up on Beanie Babies in the hope that at least some of their collection would appreciate in value.

Although some Beanie Babies gained popularity, the majority remained worthless. NFTs, like Beanie Babies, are collectible items. While some may be more valuable than others at the moment, the future is unpredictable.

While an NFT may be rare or desirable at one point in time, this does not guarantee that its value will increase or even maintain. Buyers often believe they’ve just acquired the next great thing, and they’re backed up by an abundance of study and data. However, like with any collection, the value of NFTs cannot be predicted with absolute precision.

At times, individuals may just lose interest in a new NFT. Perhaps something larger, better, or shinier becomes available, or the artist with whom the NFT is linked loses popularity. As a result, the value of any NFT can plummet within hours. As a result, you should avoid investing your life savings in NFTs. While you may earn a lot of money, you also risk losing it all in a matter of seconds.

It’s healthy to be cautiously optimistic, and trading NFTs will undoubtedly increase the value of your in-game assets. Nonetheless, invest just what you’re prepared to lose. You don’t want to fall behind on your car payment or face foreclosure as a result of betting everything on an unprofitable NFT.

Scams Are Pervasive

Regrettably, whenever a new industry develops, fraudsters quickly emerge. Since the inception of NFTs, scammers have used a variety of deceptive techniques to trick people into spending their money on unprofitable or nonexistent tokens.

For instance, many scammers inflate the price of an NFT artificially by selling it to other scammers in their ring — or by purchasing it from themselves under an alias to create the illusion of high demand. When an unwitting buyer purchases the NFT, they will find it nearly impossible to sell, as the initial series of fake buyers were not legitimate buyers in the first place.

Additionally, you should be suspicious of bogus markets, false NFT play to earn games, and NFT-related spam communications. Certain criminals offer phony NFT play to earn games and markets in order to steal your money, bank information, and other personal information. Often, these fly-by-night enterprises vanish or cease operations after defrauding a sufficient number of consumers of their hard-earned money. 

Due to these dangers, you should do your own due diligence on the development team and the project before to jumping into a new trend. And as is customary, each game is unique. Never click on links included in NFT-related communications without first validating the sender’s authenticity.

Difficulties Cashing Out Non-Fiduciary Trusts

Liquidity levels for various NFTs vary considerably. In comparison to cash or shares, an NFT might be difficult to trade at times. To sell an NFT, you must first locate a buyer. This is straightforward when an NFT is at its zenith of popularity, but new or forgotten NFTs are sometimes considerably more difficult to market. To add to the complexity, some markets may be incompatible with particular NFTs. As a result, you may be required to jump through hoops or wait an extended period of time in order to trade your NFTs for more liquid assets such as money or cryptocurrencies.

Some upcoming NFT Games that are fast-rising

Guardians’ Guild

“Guild of Guardians,” which is available on Android and iOS, is building out to be an excellent game for fans of “Skyrim” and another fantasy role-playing (RPG) play to earn games. Guild of Guardians, another play-to-earn game, will be available for free download, and the makers state that success in the game will be determined by talent rather than money.

This NFT game will have a major multiplayer component, and users will be required to join and engage in guilds with other players in order to receive the greatest NFT and proprietary cryptocurrency incentives. Guild of Guardians collected $3 million in June through the sale of its first set of collectible NFTs, demonstrating how thrilled players are. Guild of Guardians’ creators now anticipates releasing a beta version in the fourth quarter of 2022.

Gold Fever 

“Gold Fever” immerses players in a dark, gloomy jungle, where they must navigate a frenetic gold rush. While adventurers labor alone or in small groups to locate gold in the foreboding jungle, capitalist players acquire mining claims and rent capital to adventurers and other players.

Merchants build their riches by producing products and delivering services for a charge, while tribesmen safeguard their money by warding off unscrupulous outsiders. Depending on how you play Gold Fever, you may earn the Gold Fever NGL crypto token and acquire precious NFTs in a variety of ways. Gold Fever is one of the most anticipated cryptocurrency play-to-earn games, planned to launch in the fourth quarter of 2021 with early access.

The Verdict

NFT play-to-earn games provide cryptocurrency enthusiasts, gamers, and NFT aficionados worldwide with a more engaging manner than ever before to earn NFTs and tokens through a virtual environment. If you’re already a gamer, why not give a couple of NFT titles a try? Many of these NFT play to earn games are completely free to play or have a tiny initial investment, so there is nothing to lose. NFT play-to-earn games have a range of engaging and thrilling gaming elements, and many players are drawn to NFT play to earn games only for their enjoyable gameplay. You can read about The Metaverse and P2E by visiting http://1storiginal.com/the-metaverse-and-p2e/

Earning Games/Play to Earn

The Metaverse and P2E

Posted by Brodie Cockett on
The Metaverse and P2E

The metaverse is a collectively envisioned concept for interconnected virtual environments powered by the convergence of cutting-edge technologies such as blockchain, video play-to-earn games, artificial intelligence, and virtual reality/augmented reality that enables people to engage in meaningful social interactions in digital spaces. As Zuckerberg said, the metaverse will eventually replace today’s social media platforms with a more realistic interface that leverages virtual reality (VR) and augmented reality (AR) technology.

The metaverse is also seen in the play-to-earn games model, where players may navigate a virtual environment using their in-game avatars and interact with other virtual inhabitants. The metaverse’s ultimate goal is to connect all online worlds, enabling users to navigate between them as if they were one.

Finally, the metaverse makes use of blockchain technology to allow user ownership of digital objects through NFTs and the establishment of a genuinely digital economy via Defi.

How Is the Metaverse Constructed?

The metaverse might be thought of as a sub-universe inside our own, which can be seen via early-stage platforms such as Decentraland, a blockchain-based digital world in which players can own virtual lands and other in-game assets using the native currency MANA. Non-fungible tokens (NFT) are non-fungible cryptocurrency tokens that may be used to represent certain assets on a blockchain. NFT methods are included in all blockchain play to earn games, including Axie Infinity, Cryptovoxels, and The Sandbox.

Currently, the early-stage metaverse is dominated by gaming and cryptocurrency, two technologies that, when combined, become real ‘game-changers,’ moving us closer to the future vision. The days of profiteering being reserved for game creators are over, as a new generation of play-to-earn games now allows users to completely control their gaming assets and earn as they play.

What are Play to earn games?

Play-to-earn games are early-stage metaverse platforms that include novel economic models that enable players to earn a consistent income while playing. These play-to-earn games are often enabled by blockchain technology and provide gamers prizes and incentives depending on their platform activity or in-game accomplishments.

As users gain bitcoin via gaming activities, they may trade it for fiat cash or other assets on cryptocurrency exchanges.

Splinterlands is a trading card game that operates on the Hive blockchain and connects with numerous others. It is an excellent match for the concept of the play-to-earn game. This trading card game, formerly named Steem Monsters, enables players to combat monsters in return for prizes. By combining two or more identical cards, players may level up their cards. The in-game currency, Dark Energy Crystals (DEC), maybe gained through winning fights, selling cards, or engaging in other in-game activities.

Splinterlands is a browser-based trading card game. Additionally, an Android app is available, with an iOS version seeking clearance. We’ll cover all you need to know to get started combating monsters and earning money in this tutorial. You’ll be prepared to advance through the ranks, level up your monsters, and collect prizes.

This Splinterlands play-to-earn games guide is not investment advice but may serve as ideas for how to maximize your gaming activities. We’re talking about the play-to-earn games first and foremost, and the value in these virtual economies derives from players having fun together. There is no community without players. Without community, there is no worth.

An Introduction to the Fundamentals of Gameplay

Warning: To begin playing the game’s play-to-earn mode, you must purchase a Summoner’s Book. That is a ten-dollar investment.

Splinterlands may seem to be similar to other trading card play to earn games such as Hearthstone or Magic: The Gathering at first sight. While they share certain similarities, there is one critical distinction: combat is fully automated.

To be very honest, when I initially began playing the game, I was disappointed by the automatic matches. As with previous comparable games, I anticipated issuing instructions during epic fights. However, as I gained more knowledge about the game, I developed an affinity for automatic combat.

The gameplay is centered on preparing for war. You choose your Summoner, assemble your army, and watch as they battle for dominion. Once the war starts, you have no influence over the outcome and have no means of influencing it in any manner.

The ten steps of a typical fight

  1. On the Battle page, the player clicks the “Battle” button with “Ranked” chosen.
  2. The game looks for you and locates an opponent.
  3. The player is informed of all pertinent information on the fight, including the amount of mana available, which Summoners are permitted, and any unique rules. These unique regulations are introduced at Bronze II, while you begin as Novice.
  4. The player advances to the next page, where they have two minutes to construct their deck.
  5. The first step is to choose a Summoner, since this will determine the sort of cards accessible throughout the combat.
  6. After then, the player chooses which cards to employ in combat. This is the core gameplay element: assembling a victorious squad within the constraints of the available mana and the game regulations.
  7. During this two-minute time restriction, the opponent is doing the same thing.
  8. Once both players are prepared, the combat begins.
  9. The user clicks “Rumble” and then watches the conflict take place automatically.
  10. The results are revealed, the winner is awarded DEC and rating points, and the player is returned to the home screen.

Each match has an effect on the player’s rating, with victories boosting it and defeats lowering it. Passing specified rating criteria will get the player entrance to the next league and award them with chests. Chests feature a variety of goodies, including potions, packs, and cards. The chests earned this way are opened at the conclusion of the season, which is indicated by a countdown on the Battle page.

Additionally, chests may be obtained by performing daily missions. These missions differ but often require the completion of five plays to earn games using a certain element, for example, ‘five cards including fire’. Successful completion of a daily mission rewards the player with a readily accessible chest.

Other play-to-earn games are available on the Battle page, but the essence of the game is competing against other players in rated battles.

Understanding the Playing Cards

You should be familiar with the many sorts of game cards in order to construct an effective deck that wins fights. Each card is classified as a summoner or a monster.

Summoner cards are entities that are primarily represented by certain elements, such as water or fire. The monster cards are the true combatants. Each Summoner bestows a bonus to monsters that are unique to that Summoner, which may include greater armor or magic power. Choosing which buff to use is a vital aspect of selecting the optimal Summoner for the match. Click here to read about The Risks Involved with NFT Play to earn games.