Online gaming has come a long way from being an entertaining pastime to a money-making opportunity. In fact, countless gamers embraced it as a side hustle during the pandemic, when money was short due to pay cuts and job losses.
The trend is here to stay, and the entry of NFTs (non-fungible tokens) into gaming models has made the opportunity bigger and better. Not surprisingly, several play-to-earn NFT games have a loyal customer base poised to increase in the future.
As a gamer, you cannot rely on luck and guesswork to generate a lucrative and consistent income from NFT gaming. Let us share some proven money-making tips that actually work.
Start with your homework
Although NFT gaming sounds like a lot of fun, diving in without preparation is the last thing you should do. Experts recommend doing your homework by researching credible sources online or talking to seasoned and successful gamers.
It empowers you with valuable information regarding gaming, cryptocurrency, security precautions, and profitability guidelines. Industry knowledge enables you to make confident decisions once you start playing.
Choose your game wisely
You can expect to be spoiled for choice once you embark on the crypto gaming journey. The best part is that NFT games are free to play, and you can create a steady stream of passive income from them.
Check popular options like SandBox, Gods Unchained, CryptoKitties, Splinterlands, Decentraland, and Battle of Guardians. Dig deep into a couple of games and start with them. Avoid going too fast with too many options.
You can master the gameplay for them before experimenting with more.
Set up a crypto wallet frugally
After choosing a game or two, you can go ahead with setting up a crypto wallet to buy and trade your NFTs and tokens. But remember to do it frugally by considering your budget and sticking with it.
You can create a cold wallet with a hardware device or a hot wallet that stores and facilitates transactions over the internet. You can check wallet options such as MetaMask, Coinbase, Electrum, and Binance Chain Wallet.
Think beyond the money and have fun
The purpose of gaming is not just to make money because having fun is equally important. Embrace a playing and earning mindset to get the best of both worlds, and master the skill as you go.
You can start with some tokens and or in-game NFTs, or pick a game with a free-to-play model to gain experience before investing money. The play-to-earn games distribute tokens to players with their gameplay.
You can earn more by playing longer and accomplishing more tasks. It is possible only if you thoroughly enjoy the game.
Get into the trading market
Making a profit from NFTs requires trading them with other players, so you will have to get into the trading zone eventually. You can do it the easy way by choosing a game with an in-game trading market.
Likewise, it may have its own designated marketplace. But not all games have them, but you can rely on third-party trading platforms like OpenSea, Rarible, Sorare, and Nifty Gateway for NFTs. You can trade tokens on Binance, Coinbase, and Crypto.com.
Making money with NFT gaming is easier than you imagine, provided you know the basics and follow the rules. Also, choose your game and trading platform wisely to maximize profits and minimize risks.
