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What Are NFT Rewards?

What Are NFT Rewards?

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In this article, we’ll explain what NFTs are, how to earn them, the benefits of using them, and more! NFTs are digital collectibles that can be used to unlock rewards inside games or apps. They’re similar to virtual currency, but they have their own unique benefits. So, let’s dig a bit deeper into NFTs and try to understand them with a simple explanation.

What are NFTs?

NFTs is an abbreviation for “non-fungible tokens.” Here, the word “fungible” holds the key. Fungible means replaceable, so nonfungible means non-replaceable. So anything that is not replaceable in digital form is an NFT. Let’s understand what the concept behind replaceable and non-replaceable items is in the real world.

Let’s say that in the real world, we have different commodities that we use and borrow from one another. If someone lends you a dollar, you do not necessarily return the same dollar note. You can return a dollar in any form with any serial number behind it. The same goes with something like gold, wheat, or any other commodity that is replaceable with another of its kind.

On the contrary, we have non-replaceable assets as well, like the painting of the Mona Lisa. Take, for example, if the owner of the Mona Lisa art painting lends someone the real painting for the time being. He or she will not settle for any other Mona Lisa painting in return because it is unique and irreplaceable.

So, NFTs are digital art forms that are supported and powered by blockchain ledgers and traded in cryptocurrencies. The token part of NFTs is where the digital art form becomes a token via a contract on the blockchain. So, no two NFTs will ever be identical; each NFT has its own unique ID ingrained in the blockchain, which is verifiable. Upon buying an NFT, the purchaser or owner receives a code that allows the change of ownership as well as validation and verification.

What Are NFT Rewards? How to Earn Them, the Benefits of Using Them, and More!
What Are NFT Rewards? How to Earn Them, the Benefits of Using Them, and More!

Some Examples of NFTs

Let’s have a look at some examples of NFTs that took the internet by storm.

Twitter is a world-renowned social media platform. Have you ever wondered who sent the first tweet in history? And what was it? Jack Dorsey was the co-founder of Twitter, and his tweet is the first ever. Jack Dorsey sold the ownership rights to this tweet for almost $3 million. The first-ever tweet was turned into an NFT, and the ownership details and rights are available on the blockchain ledger.

Similarly, we have other examples of valuable NFTs like Nyan Cat, a JPEG, and many other in-game digital assets. These NFTs sold for a lot of money.

How do you earn NFTs?

NFTs are available in many forms nowadays. You can buy them directly from NFT marketplaces like OpenSea and several others. Moreover, they come in many shapes and forms, like in-game items in the shape of costumes, cosmetics, avatars, weapons, skins, etc. NFTs also come in digital certificates, music, video moments, etc.

You can also create your own NFT art and have it registered as yours on the blockchain. You can then sell your NFT on marketplaces, plus the royalty stays with you.

As for earning NFT rewards, several hundreds of NFT blockchain games are available in the market to play. You can earn NFT by completing quests, winning battles and tournaments, opening mystery boxes, getting early access passes, and more. You can also stake NFTs in games that allow staking. Some of the platforms that allow NFT staking are Splinterlands, Only1, and NFTX. Moreover, there are some games that allow yield farming, where you can harvest and win NFTs or tokens.

What Are NFT Rewards? How to Earn Them, the Benefits of Using Them, and More!
What Are NFT Rewards? How to Earn Them, the Benefits of Using Them, and More!

Why Should I Care About NFTs?

NFTs are a fun way to earn digital assets that have real value attached to them. The Web3 domain is still in its infancy and will mature with every passing year. So, getting into NFTs early on isn’t a bad idea. Furthermore, many traditional gaming companies are entering Web-based NFT blockchain gaming with a play-and-earn business model. This model will allow gamers to own their in-game NFTs and later sell them in an open marketplace.

Additionally, NFTs bring added benefits like proof of ownership, authenticity on the blockchain, economic benefits, vertical growth mobility, and bragging rights.

Check out loads of NFT games by clicking here. Also, know more about the basics of play to earn games here.

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What Are NFT Rewards?

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Wombat Dungeon Master: NFT Staking Game on WAX – Game Review

Wombat Dungeon Master is back and better than ever with the release of its highly anticipated second season. This NFT staking game has quickly regained popularity and cemented its status as a top player in the industry. Utilizing WAX/EOS technology, players can stake multiple blockchain technologies on a single platform and earn at their own pace. The game features adorable wombat characters, each with their own unique stories and goals, as they venture out on expeditions to collect valuable resources and treasures. With its easy-to-play gameplay and innovative approach to NFT staking, Wombat Dungeon Master is a must-try for any gaming enthusiast. In Wombat Dungeon Master, you can use and control cute little wombats to search for rewards, invade dungeons, and collect valuable items. The adventure is filled with dangers and challenges, so be prepared to put your adorable wombats to the test. WDM utilizes WAX/EOS technology to support NFT staking for players. The game also allows players to stake multiple blockchain technologies on a single platform, enabling them to earn money at their own pace. This eliminates the need for sprints and makes the staking experience more enjoyable rather than stressful and demoralizing. Wombat Dungeon Gameplay: In WDM, players can earn in-game equipment and WAX and EOS tokens. The game features different wombat characters, each with their own story and goals for their expeditions. These dungeon masters venture out to collect resources and treasures such as coal, iron, gems, axes, uranium, XP, and more. The dungeon master wombats can be sent to explore dungeons for periods of five minutes, one hour, six hours, or one day, depending on the XP of the dungeon master. In WDM, each wombat has a mining power that ranges from 1 to 10,000. The higher the mining power, the higher the chance of finding valuable items. In addition to NFT equipment, the game also offers non-NFT crafting materials that can be acquired using coal, iron, and uranium instead of tokens. Wombat Dungeon Master features crafting materials called Wombatium, which can be used to create new tools for excavations. This game is easy to play and helps address the difficulties that many players face with NFT staking.

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Blocklete Golf – Game Review

You can buy a golfer, which is a ethereum NFT, from another player or from the marketplace in Blocklete Golf. You’ll then compete in events or challenges for Medals that will help you improve your golfing talents. Your golfer will be easier to utilize in tournaments and future events if he or she has a higher rating/talents. You will be able to designate your golfer as a trainer in the future, and other gamers will pay you to train their golfers. As you can see, Blocklete Golf will offer a variety of options to generate money. The golfers are Ethereum Non-Fungible Tokens, which means that once you buy one, you own it, unlike characters or things in other games. This provides you the option of selling it on other NFT marketplaces or using it in future games. On the site’s marketplace, you may buy and sell golfers. Golfers can be bought with Ethereum, as well as a debit or credit card. Other NFT marketplaces, like as open sea, allow you to purchase and sell golfers using Ethereum and other cryptocurrencies. You can even try out the golfers before you buy one, as shown in the image below. You can browse the events tab and compete in daily and weekly skill challenges after purchasing your golfer. You will earn medals for participating in these events, which will be translated into skill points for your golfer. When you click on an event, you’ll be able to see what kind of medals you can win as well as all of the challenge’s information. To earn the extra medals, complete the Bonus Challenge for each event. You may also check out the Leaderboard to see how many medals you’ll receive for each position.

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MetaLine: Web3 Maritime Trade Game, Web2 and Web3 Worlds

MetaLine is an innovative metaverse strategy sailing game powered by Arbitrum, designed to bridge the gap between Web2 and Web3 users by offering a unique blend of oceanic trade, international commerce, shipping, navigation, and logistics. This extensive summary dives into the game’s key features and highlights, as well as its impact on the gaming and blockchain communities. Game Overview: MetaLine introduces players to a Web3-based maritime trade adventure where they assemble fleets for shipping and trade while navigating diverse ports and uncharted waters. Each port harbors unique specialties ripe for buying and shipping, promising profitable returns. Players must also craft goods for local and high-value markets, an essential aspect even in battleship construction. The game encourages cooperative play, fostering consortiums that can lead to port ownership, tax collection, and shared benefits. MetaLine encompasses six core modules, including production, trading, combat, and NFT integration, and it seeks to bridge the world of digital asset ownership and gaming.

Gameplay Features:

NFT Integration: MetaLine leverages NFTs to enhance gameplay, allowing players to build NFT ships from land resources and special materials, enriching their maritime arsenal for trade and transportation.
Port Variety: Ports in the game mirror real-world counterparts and offer unique opportunities, creating a metaverse ecosystem with diverse economic prospects.
Goods Economy: MetaLine’s goods, categorized into consumables and tradeable items, grant players economic agency and contribute to the strategic depth of the game.
Real-time Maps: Players are equipped with real-time maps that provide information about their ships and voyages, enhancing the overall gaming experience.
Tokenomics:
MetaLine operates through two tokens:

MetaLine Gold ($GOLD): Acquired through in-game activities, $GOLD has unlimited issuance and is used to purchase general in-game items.
$MTT: With a total supply of 300,000,000 tokens, $MTT plays a central role in the MetaLine economic system, and players can exchange $GOLD for $MTT at daily rates through port banks.
Community Response:
The MetaLine community is enthusiastic and engaged, with players expressing excitement about the game’s potential. Comments from players highlight the project’s significance in the GameFi and Web3.0 worlds, emphasizing the key role MetaLine plays in the evolution of gaming and blockchain technology.

In summary, MetaLine is a groundbreaking metaverse strategy sailing game that seamlessly integrates Web3 elements, NFTs, and a complex economic system. It aims to bridge the gap between traditional gaming and blockchain-based experiences, offering players an immersive and rewarding journey into the world of international commerce, logistics, and naval strategy. The community’s excitement and anticipation demonstrate the game’s potential to shape the future of the gaming industry.

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WaveLings – Game Review

“WaveLings” is a unique game that introduces artificial intelligence (AI) companions to non-fungible token (NFT) characters in order to enhance the gameplay experience. These AI companions assist the player’s NFT characters in various ways, such as providing support in battles or offering special abilities. The use of AI companions is a novel idea that is likely to add an interesting dynamic to the game’s mechanics. “WaveLings” is a massively multiplayer online (MMO) game that is built on the Enjin blockchain ecosystem. The game features a fully realized virtual world for players to explore and complete tasks and quests in order to earn points, ranking, and cryptocurrency. “WaveLings” was developed by Axana Games, a studio specializing in creating engaging and immersive gaming experiences. The game’s use of blockchain technology and focus on completing tasks and quests to earn rewards is likely to appeal to many players. WaveLings Gameplay: In “WaveLings,” players are immersed in a futuristic, fictional world where blockchain technology has brought about a utopian society. The game allows players to buy or earn parcels of land that can be used for farming new resources and making investments. These land parcels are tradeable tokens that can be exchanged or sold on the EnjinX marketplace and other marketplaces. Players can also use their land parcels to advertise real-life products and create non-fungible tokens (NFTs) out of them. The game’s dynamics involve players joining giant corporations that determine their friends and foes, adding an element of social interaction and competition to the gameplay experience. “WaveLings” has partnered with the Enjin platform and uses the ERC-1155 token on blockchain technology. Enjin’s Efinity sidechain, which operates on Ethereum, provides the security and protection needed for games like “WaveLings.” Efinity is not a blockchain, but rather a sidechain that is connected to the main Ethereum blockchain. This connection allows Efinity to offer many of the same benefits as the Ethereum blockchain, such as security and decentralization, while also providing additional scalability and performance advantages. Overall, the use of the ERC-1155 token and the Efinity sidechain helps to ensure that “WaveLings” is a secure and stable platform for players to enjoy.

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Best P2E Games list 2024

What Are NFT Rewards?

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.