How to Make Money from NFT Games

By RFOX MediaDecember 16, 2021

A decade ago, earning money just from playing something on your computer or mobile device was unthinkable.

For most people, playing online games was solely for fun and, for some, a way to mindlessly pass the time. In the few instances that players did earn from it, it was through sponsored tournaments and events, which required mind-blowing skills, ungodly levels, and the best accessories available.

While these games vary in certain essential aspects like the platform where they can be played, they usually fall under two typical gaming models at that time - they were either free to play but required in-game purchase or pay to play. 

Fast forward to today, these traditional gaming models are being overtaken by a new breed of games - one that lets players play and earn at their own pace - and they are called NFT games.

NFT Games Explained

At its core, NFTs or non-fungible tokens are blockchain-based proofs of ownership over virtually any unique asset capable of being owned.

When referring to NFT games, we're talking about games that exist on the blockchain. As a result, all assets of value within the game are NFTs like the characters, the weapons, and the accessories, among others.

Being NFTs, players can exercise true ownership and discretion over these assets, such as selling them in secondary markets should they wish to discontinue playing the game or liquidate the value of what they have accrued over time. 

On the other hand, they can also use the assets themselves and level them up to continuously earn the token rewards from the game itself. These rewards come in the form of cryptocurrencies that players can sell or trade on exchanges for real-world cash.

Now that we got that out of the way, let's get down to business - how exactly does one earn from playing NFT games? 

How to Make Money from NFT Games

If there's one thing that we've learned in the past few months that NFT games stole the limelight, it's that they can be lucrative side (or even main) hustles for anyone willing to put in the time to learn the grind. 

At this point, it's important to note that NFT games typically come in two types. One requires you to acquire an NFT first in order to play the game, which basically means you have to invest money in it, while others can be played for FREE.

So without further ado, let's go over some of the most promising, popular, and simply interesting NFT games out in the market today that are worth checking out and seeing how you can earn from them.

1. Axie Infinity - By far one of the most popular NFT games today, Axie Infinity has broken records left and right ever since it introduced the concept of play-to-earn gaming to thousands of players during the pandemic. Here's a quick overview of what you need to do to start playing and earning from Axie Infinity: 

  • Getting Started: Create a Ronin wallet and connect this to Axie to create your own Axie account. 

  • Setting Up: To get started, you need your own Axie starter team. An Axie starter team needs at least three (3) Axies, which can be bought from the Axie marketplace. They cost real money in the form of cryptocurrency, so it's imperative that you do your own research first before buying.

  • Gameplay: With your Axie starter team, you can complete quests, battle other players in the Axie universe, or raise and breed them.

  1. Earning: There are several ways to earn from playing Axie Infinity, including -  harvesting Smooth Love Potions or SLPs, which you can get by winning battles or completing daily quests; 

  2. breeding and selling Axies, which can fetch for really good amounts depending on their stats;  

  3. managing an Axie scholarship program, where you lend out your other Axies to other players so they can also play, and you get a portion of their earnings in return. 

2. My DeFi Pet - Maybe it's the multi-general fandom enthralled by Pokemon or Tamagotchi, or maybe it's simply because of the colorful and attractive setting or the seamlessly interactive gameplay. Whatever the reason, virtual pet collecting has always been a fan favorite, and when it comes to NFT games, My DeFi Pet is undoubtedly among the top of the crop. 

As its name suggests, it involves having "pets" that you can collect, breed, evolve, battle with, and even trade. Here's a rundown of what you need to do to start earning from My DeFi Pet: 

  • Getting Started: Create a MetaMask wallet. Once done, go to the My DeFi Pet website and connect your MetaMask wallet to create your account. 

  • Setting Up: You need to buy at least one (1) pet to start playing My DeFi Pet. To do this, fund your MetaMask wallet with DPET tokens and buy an egg from the shop within the game. Each egg costs 3 DPETs. 

  • Gameplay: Once you have your egg, you need to incubate it. After the incubation period, you can open the egg to get your pet, a process that costs another 3 DPETs. 

  • Earning: Not all play-to-earn features in My DeFi Pet are already available as of writing, but you can still start earning from it using your pet. One of the easiest ways to do this is by battling the World Boss, which lets you earn DPET tokens that can be traded on exchanges like PancakeSwap and Gate.io. 

3. League of Kingdoms - You can think of League of Kingdoms as an NFT strategy game that combines play-to-earn elements with all the things you love about mobile strategy video games like the super popular Clash of Clans - you get to build your kingdom, join alliances, battle against other clans, and participate in raids. 

What makes League of Kingdoms different from the previous NFT games mentioned is that it is pretty straightforward, and as of writing, the game doesn't have its own token yet. Yet true to the amazingness of all things NFT, you can still earn money from it. This is how: 

  • Getting Started: Go to the League of Kingdom website and create an account by linking your email, your Apple ID, your Facebook account, or your Google email. You can also download its mobile app via the Apple App Store or Google Play Store. 

  • Setting Up: At the moment, there are no prerequisites that you need to do before you can start playing League of Kingdom once you have created your account. Once you're done with the tutorial, you're all set to explore the game at your own pace. 

  • Gameplay: Generate resources either to upgrade your kingdom and the structures, join an alliance, train troops and get your kingdom stronger.  

  • Earning: Earning from League of Kingdoms is quite simple at the moment - as a landowner, you can earn passive income as you get a portion of in-game resources harvested by players on your land. You can also continue upgrading your kingdom to generate more resources. These resources can be minted as NFTs and sold on secondary markets like OpenSea.

Based on their recent update, the team behind League of Kingdoms said that they are working on releasing their own tokens soon, which will come in the form of governance token $LOKA and utility token $SOD.

4. KOGs: SLAM! - If you want an NFT game that's completely free to start playing but still lets you earn, you can check out RFOX's very own KOGs: SLAM! Currently in its Open Beta phase, KOGs: SLAM is the NFT game version of the beloved 90s game called Pogs. For the unfamiliar, it involves smashing a slammer KOG into a pile of KOGS, with the goal to overturn as many as you can. 

If you think the game is pretty simple, you're not wrong, but the challenge is in getting the best technique to overturn as many KOGs as you can to beat your opponent, which is way easier said than done. With that being said, here's how you can start playing and earning from KOGs -  

  •  Getting Started: Head over to https://www.kogs.gg/ and download the app, which is available on the Apple App Store and Google Play Store.  

  • Setting Up: Once you have the KOGs app on your mobile device, create an account by connecting either your email, your Apple account, or your Facebook profile. After that, create your RFOX ID.  

  • Gameplay: Generate resources either to upgrade your kingdom and the structures, join an alliance, train troops and get your kingdom stronger.  

  • Earning: While some features are not available yet, KOGs: SLAM! lets you earn KOINS via Daily Missions that you can convert to $RFOX or use in the Arena. By playing in the Arena, you can unlock exclusive and limited edition KOGs. Since every KOGs is an NFT, you can sell or trade them on secondary markets. 

Key Takeaway

With necessity comes new development. It is undeniable that livelihoods and jobs are greatly affected due to the pandemic, and play-to-earn games came at the right time just when people needed them the most.

While the NFT game industry is just starting to establish its foothold, we can be certain that NFT games are here to stay due to the immense opportunities it provides to everyone and the rapid adoption it has proven capable in the past few months since it started gaining ground.  

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