The Boom In NFT Gaming Is Finally Here!

The Boom In NFT Gaming Is Finally Here!

In the blockchain sector, 2021 has been a year of great innovation, with the development and introduction of a slew of new platforms and protocols that have transformed the industry in unforeseen ways.

With the advent of a dazzling array of new platforms that help consumers do more with their money and avoid the need to rely on centralised financial infrastructure, the industry’s decentralised finance (DeFi) sector has witnessed arguably the most advancement in this time.

Gaming on decentralised finance platforms, or DeFi gaming, is gaining popularity. A few platforms have monthly active users in the hundreds of thousands. At the same time, DeFi gaming is encouraging the uptake of DeFi platforms such as Ethereum.

What are DeFi games, exactly?

Decentralized finance (DeFi) games are facilitating the transition to a play-to-earn model. Objects are represented as non-fungible tokens in such games (NFTs). NFTs can be used to exchange everything from ammunition to costumes in the game’s setting. In some cases, earned prizes can be sold to obtain a cryptocurrency asset.

Three popular DeFi games to play for free and earn bitcoins

  1. Axie Infinity

In the DeFi gaming sector, Axie has grown into a strong force. It makes use of the Ethereum blockchain.

Axie Infinity has two native tokens: AXS and SLP. To begin, users must purchase three ‘Axie’ monsters. SLP tokens can be collected as the game develops by completing assignments.

Over 300,000 people utilize the Axie gaming platform every month. The platform also has its sidechain, which can scale operations based on demand.

  1. Alien World

Trillium (TLM), Alien Worlds’ native cryptocurrency, is mined by players in this game. It immerses players in a multi-planet universe. Rewards can also be gained by renting out the ‘land’ that has been earned.

According to reports, the game is the first DeFi game to reach the 100,000-user mark. According to sources, it is currently being played by over 2.5 million people. It makes use of several blockchains, including Ethereum, Binance Smart Chain, and WAX.

User base of popular DeFi Games 

WAX is Alien Worlds’ native blockchain, and mining it necessitates the purchase of NFT game cards.

  1. CryptoBlades

Gamers can earn the native SKILL token with CryptoBlades. In addition, players can create their weapons to use in tasks. These can then be sold on the distributed market.

The game is based on the Binance Smart Chain blockchain, and it has over 500,000 monthly users. To get started, the gamer will need to buy about 0.2 Binance Coins. Fees can be paid using these BNB.

Closing Thoughts

DeFi games are becoming increasingly popular due to their entertaining and crypto-earning aspects. Many people feel they can increase the number of people who use decentralised finance. They give crypto enthusiasts a way to trade cryptos without buying them on an exchange by earning them while playing.

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