Alameda, Animoca And More Invest $6 5m In Rainmaker To Boost Play

You can even sell them on a Fantom-based NFT marketplace called Paintswap. In order to play this game, you’ll need to connect your Metamask wallet. Please use a Ledger Nano S with your wallet to increase your security. The development of blockchain technology in online games is still in the early stage, https://youtu.be/g6AdM42MyUM but the future is certainly bright. Online games are adopting cryptocurrency to solve problems related to transactions and frauds that players encounter while playing online games.

For example, if you own any Axies , you could offer them through Yield Guild Games. Another user could then rent your Axies in return for a share of the profits they make playing the game. Blockchain gaming companies raised $476 million over the first half of 2021. Since this is a new industry, gaming coins could have serious growth potential. GamesBeat’s creed when covering the game industry is “where passion meets business.” What does this mean?

Increasingly, a generation of casual players is turning their casual gaming habits into passive income. For example, your Axie can be valued at $250 today, but next year, it could be worth zilch. The Smooth Love Potion token Axie distributes to players is 14 cents now, but by the end of the year, the value could plummet. Conversely, the value of both assets could skyrocket, but it’s important to consider the flip side considering the volatility of the crypto market. Of course, million dollar sales are not typical on Axie Infinity, but the trading activity is still mind-blowing with people spending about $200 to $400 per Axie to build a battle-ready team.

If you want to collect more rewards, show your skills at the Arena and keep getting stronger. All Fanatics and Weapons are securely stored in the Polygon blockchain in the form of an NFT, giving you full ownership over your Universe. Join via an Exchange Contribute via exchanges like Binance and Kraken.Learn about Efinity Built with Polkadot, Efinity will decentralize the Metaverse.Visit our Help Center to learn more. A global technology company specialising in software development and education.

For the best experience, top crypto news at your fingertips and exclusive features download now. A focused Australian digital currency and emerging technology asset manager with a unique mix of digital asset and traditional financial funds management expertise. A hybrid cryptocurrency exchange from Australia, the platform unites speed, security, privacy and compliance. A blockchain jobs platform that helps clients and freelancers connect, providing efficient transactions and robust protections. We offer a range of other training courses, mentors and support services to help you engage more productively with the global Blockchain community.

This year’s NFT boom, however, there are many other play-to-earn games gaining steam or on the horizon. Rainmaker Games aims to connect players with NFT guilds and automate time-intensive processes. The integration itself will be done through Ubisoft Quartz, a platform that allows players to earn “Digits,” which are in-game collectibles expressed as NFTs. The text is informative in nature and does not count as an investment recommendation.

An open-world RPG where players hunt for creatures and battle in competitions. There’s only one NFT game I’d recommend; it’s called Blankos Block Party. It’s made by a team who also worked on Call of Duty, World of Warcraft and Guitar Hero. According to crypto whale surveillance website WhaleStats, Gala Games is now the third-most bought cryptocurrency by whales, behind only Ethereum and Tether during the last 24 hours. You will receive a reward from the staking pool for every 100 Power points your Universe has.

Both of these create an economy within the game largely independent of developer interference. NFT gamification takes typical gaming elements like point scoring, competition and rules of play and applies blockchain technology. This combination has led to the emergence of GameFi, where users trade and swap game assets for financial rewards. The reason why this play-to-earn game is growing in popularity is because the long-term potential for passive income. The more sheep you have in your barn, the more you can earn WOOL (an up-and-coming cryptocurrency). Should WOOL increase in price, your digital barn can earn you real-life passive rewards that will shock you.