In this post, we’re going to discuss how the opportunities to earn money from blockchain games differs from other games, and also how you can earn money from them.
If you’ve played a games in the last decade or so, you can be sure it is impossible to not have heard of blockchain technology. The technology has been in use since 2008 and has gained a lot of attention because of its claim of being safe and transparent simultaneously.
Blockchain is based on three fundamental principals:
- Decentralization (no single entity holds the information). It is the case across all the different cryptos that operate on the market for cryptocurrency.
- Immutability (the information is not able to be altered after it has been via verification).
- Transparency (all transactions are available to all).
These three concepts form the foundational idea behind blockchain technology , which was first presented through Satoshi Nakamoto, the creator of his Bitcoin whitepaper published in 2008.
Blockchain is an uncentralized database for transactions. It’s a means to store information that is accessible to the public, safe and transparent, as well as immutable and decentralized.
The Three Main Principles of Blockchain
The three fundamental principled Blockchain are:
Decentralized means there is no single entity or person that controls or manages the network. Contrary to a centralized system, where one person controls all transactions and data on their servers in a decentralized network, every user has access to the ledger in their own copy and is accountable for maintaining it.
Blockchain technologies are all naturally decentralized. Some are however more decentralized than other blockchain technologies (see Consensus Algorithms below).
Transparent: Once it is recorded on a blockchain ledger the information is not able to be altered or erased. This makes it unchangeable and also transparent, as anyone is able to access its data at any moment without requiring the permission of an official or intermediary.
Immutable: A record stored on blockchains is not able to be altered in any way or modified. This is due to its cryptographic hash function assures that any change would generate an entirely new hash-value which is distinct from the predecessor (which will be saved in different copies of that specific block).
How are Blockchain Games Different?
When you play a classic game, all decisions are governed by an authority central to the game. The company that developed the game has complete control of everything from the art assets to game balance as well as new features.
The game might appear and feel different for each user, yet it’s the same game regardless of where you purchase it from or where you purchase it from.
Blockchain games differ because they’re not centralized in any manner. There’s no one authority that is responsible for all of us.
- Crypto Legends – This game is an online trading card game in which you gather different blockchain cards and make use of them to battle other players. The more fights you win, the more prestigious your rank increases. When you win a battle you will earn rewards in form of crypto tokens which can be used to purchase additional cards. Bonus points are also earned when you complete missions or other tasks which are provided by game’s creators. This is not just fun, but also helps you earn money playing!
- Ethereum Empire Ethereum Empire – This is another game on the blockchain that lets players accumulate the Ethereum-based (ETH) cards to fight with other players around the world through the online gaming platform. The objective of this game is easy, to build one of the Ethereum Empire by increasing your ETH accumulations by intelligent investment that are made by purchasing and selling various kinds of ETH cards at every turn!
- Blockchain Cuties – This is yet another cryptocurrency-themed video game based on collectible pets called Cuties! You must sign up an account at least once prior to you can play this entertaining and addictive game in which each adorable animal comes with its own set of traits, including features such as the color of its fur and eyes, and so on.
MakerDAO was founded in the year 2015 by Rune Christensen. Its headquarters are at Zug, Switzerland. It is a decentralized, autonomous company (DAO) which manages the Dai stable cryptocurrency system. Also, MakerDAO uses blockchain technology to enable users to build and control digital assets using smart contracts that run on its platform.
To take advantage of the various features in this MakerDAO ecosystem, you’ll require MKR tokens. The currency that is the native of this ecosystem acts as collateral to secure credit against Ether holdings , if you wish to convert them into secure assets like DAI tokens , or USD-pegged stability coins such as PETH tokens with 1:1, and. It is possible to purchase these tokens through exchanges such as Binance as well as Coinbase Pro or hold onto them until they reach their maximum potential value inside the platform!
The first thing to be aware of is that God’s Unchained a game played with cards.
Each player is given a god card that allows them to summon creatures to the battlefield along with them. In addition players also have an arsenal of cards that which they can use to cast spells and summon additional creatures. You can win by taking down the god of your opponent, even though they try at doing the exact to you!
If you’re seeking to earn money playing the blockchain game, Etheremon is a good starting point.
It’s a decentralized game in which you can capture, train and fight Etheremon. It is also possible to buy as well as sell Etheremon. The greatest thing about Etheremon is the fact that you have three ways to earn money with Etheremon:
- Through catching and selling Etheremons
- In combating other players using your well-trained Etheremons
- By collecting fragments (which are used to create development)
Cryptopop is a game in which you can purchase trade, sell, or buy digital collectibles. The game is completely free to play and can be played via Steam or directly on the Cryptopop website.
There are many ways to find new characters by a variety of methods:
- They can be purchased through the store using cryptocurrency like Bitcoin as well as Ethereum. Additionally, you can earn them by completing missions through the online game.
- You can also mix two characters from the past to create a new character by using specific breeding tokens which are available in limited-edition bundles available on Cryptopop. Cryptopop website.
Earn Money From Blockchain Games
You can make money playing blockchain games, however it is contingent on the game you play and the level of participation and involvement in the game. The most effective methods to earn money is trading, fighting breeding, selling or trading assets to other players.
Earning money through your game’s currency in the game.