What Are NFT Games and How Do They Work? | Binance Academy

#NFT games, what are they? Find out here 👇

Nft, Game

1/20/2022 3:30:00 AM

NFT games, what are they? Find out here 👇

Play-to-earn NFT games give players rewards of tokens and in-game NFT s to sell on exchanges. The more you play, the more crypto you can gain.

(BSC). Always make sure you're sending them to the correct address and never assume their compatibility.Only interact with smart contracts from reputable projects you can trust. If you permit a smart contract to interact with your wallet, be aware of the risk that the contract could remove your funds.

Check carefully the rules of the game you’re playing. Some NFT games allow you to trade with other users or use NFT consumables. These could be items or potions for example. Familiarize yourself with the game to avoid any unwanted surprises.Popular NFT games

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Spellfire NFT Card Game Completes Private Funding Round with $3.8 Million RaisedSpellfire Re-Master the Magic, a card strategy game based on non-fungible tokens, closes its private token sale with massive oversubscription

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NFT platform Autograph raises $170 million in Series B fundingAutograph launched in April of 2021 to allow celebrities in sports, popular culture, fashion and entertainment to sell NFT s.

The Balance Between Art and IP Theft in NFT Culture'As Web 2 transitions into a decentralized Web 3, it is bringing tremendous opportunities for many builders and creators. But as both the music industry and YouTube have taught us, you can only go so far on stolen IP.' Opinion SamEwen SamEwen çantaya bak be süper SamEwen Make sure to check out SpookyShiba ShibaSpooky! We're weeks away from launching a first of its kind NFT Marketplace and P2E game! 100X gains imminent! ToTheMoon BNB SamEwen web3 isn’t decentralized.

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Binance Smart Chain (BSC). Always make sure you're sending them to the correct address and never assume their compatibility. Only interact with smart contracts from reputable projects you can trust. If you permit a smart contract to interact with your wallet, be aware of the risk that the contract could remove your funds. Check carefully the rules of the game you’re playing. Some NFT games allow you to trade with other users or use NFT consumables. These could be items or potions for example. Familiarize yourself with the game to avoid any unwanted surprises. Popular NFT games There's a wide range of NFT games available, with the majority on BSC and Ethereum. Some offer more traditional video game experiences, and others depend mainly on the collectibility of NFTs. Axie Infinity As we mentioned before, Axie Infinity follows a model similar to Pokemon with collectible creatures and battles. Axie Infinity is on the Ethereum blockchain and provides users a potential income based on trading Small Love Potions (SLP), Axies, and Axie Infinity Shards (AXS). SLP and AXS are both available to trade on Binance. Sorare Sorare is a fantasy football game with collectible, tradeable soccer players from real life. You create a five-player soccer team using either free cards for beginner players or purchasing tokenized cards. You can earn points to level up for every game you win, goal you score, or other events you complete. Gods Unchained Gods Unchained is a tradeable NFT card game on Ethereum similar to Magic The Gathering or Hearthstone. Gamers build decks with different powers and strengths to combat other players. As you win, you find in-game items to use or sell. If you win Ranked games, you can begin to earn Flux that lets you craft powerful NFT cards. You can then take your profits by selling them or reinvest in new cards and continue the process. Binance NFT Collections Binance NFT Marketplace provides an NFT gaming experience with NFT Mystery Boxes and Collection partnerships. These partnerships range from digital artists to NFT games. Every purchasable Mystery Box contains a random NFT of a different rarity from the Collection. You can either open the box to reveal the NFT or sell it without opening it. NFT Collections contain several NFTs and Mystery Boxes centered around a theme or project. Some of the most popular so far have been Game-fi Mystery Box Collections. Let's take a look at a few: 1. The MOBOX Collection. MOBOX is a gaming platform on BSC combining DeFi yield farming with NFTs. The Collection involves NFT Mystery boxes containing MOMO NFTs with randomized power in the MOBOX platform. The more hashing power the NFT has, the more valuable the MOMO is in MOBOX's games. 2. The My Neighbour Alice Collection. My Neighbour Alice is a virtual world-building game featuring NFT cosmetic items. While the game assets contained in the Collection's Mystery Boxes are cosmetic only, users still value them and give them worth in the secondary market. Closing thoughts NFT gaming takes digital collectibles and creates rules for players to interact with each other's NFTs. While some people value NFTs for their collectibility, others want them for their utility. Many NFT games work like a trading card game, but not everyone who collects the cards intends to play. Game-fi has now created new NFT gaming economies that have changed how people can earn using NFTs. To make money, it's not just about luck and collecting anymore; it's also about playing too.