Welcome to The Monopolist Podcast Series Ep 6. Today, let’s talk NFTs.
On the rise of crypto games, the status quo is now challenged. Players nowadays opt for something beyond the mere purpose of entertainment, and that’s exactly what crypto games brought to the table, the potential of earning real money while playing. In a nutshell, every time a player buys an in-game asset, they’re contributing to the value of the game economy. Since the market is attracting new and young investors, game developers have been flooding us with new methods to purchase and trade in-game products, unlock characters, skins, and much more. The convergence of both virtuality and the reality dimensions — our metaverse — has never been more promising. So, can you get rich from NFT games? Let’s find out!
Since traditional games are centralized, it means that the characters, skins, weapons and all coding were designed for a specific game and cannot be used for other games. Whereas, Crypto gaming is a decentralized form of gaming, in which, characters, skins, rewards, and purchases might be transferred to other games. Players can own unique in-game assets and sell them on NFT Marketplaces for real-world money. There could be multiple functions in a game’s ecosystem, allowing players to earn in various ways. Primarily, this is how users make money from crypto gaming.
The Monopolist ecosystem was designed to diversify your sources of in-game earnings from NFTs. We have 3 types of NFTs: Boxes, Characters and Dices along with NFT Marketplace and Mining Camp. You can manage, trade or bid NFT items as you wish on our Marketplace and earn incentive incomes from our Mining Camp. The higher rank your Character is, the higher your HP, and the higher your Farm Rate.
You can profit off of NFTs without ever touching one! Many players treat them like stocks. By purchasing an NFT character or staking the game’s token, you may be able to make a decent profit later on. If you have the money to spare, your best bet may be to buy an asset that will obviously garner interest as time goes on.
In short, the best way to make money off NFTs will vary by person, and you can definitely get rich from investing in NFT. Compared with other NFTs such as artwork, fashion, and trading cards, in-game NFTs are the most advanced of all. This is because there are complex and fully interactive, yet keep changing with time by having to be upgraded or to be leveled with the changes in a player’s character.
NFT is certainly not a blockchain or crypto trend that’s just passing, it will definitely stay, for good. The fact that people have been selling simple images for thousands of dollars has subliminally fortify the power of technology. With its numerous yet unique applications, it seems like only the tip of this technology has been explored. The Monopolist could definitely act as your launchers in this financial investment journey of unravel the endless potentials of blockchain technology, starting with NFTs.