The GameFi is a platform where Blockchain, Non-Fungible Tokens (NFTs), and Smart Contracts work unitedly. Furthermore, it enables the interaction between games and finance and it is the gaming projects that provide unique features to its users through which they can earn crypto by playing games.
Today's discussion is all about earning crypto by playing games online; so let’s get started!
What is GameFi
GameFi includes games that invite users to play to earn crypto Furthermore, it gives money incentives to play games available on the platform and all game objects (avatars, plots of land, costumes, gold bars, and weapons. ) are classified as NFTs. Here are the top GameFi games:
- Alien World
- Axie Infinity
- Outer Ring
- Metaverse Me
- Taunt Battleworld
- Meta vision
And many others.
All these games offer you to play games to earn crypto and have their own native tokens through which you can sell and buy game assets.
GameFi: How to Earn Crypto Playing Games on GameFi
As we discussed by playing games on GameFi you can earn crypto but now the question arises of how to earn crypto by playing games online, the answer is by playing online decentralized games is a good source to earn, here is a quick guide to let you know about playing games online to earn crypto.
Step 1: Crypto Wallet Creation
Crypto wallets are commonly used to store, send, and receive crypto. Furthermore, it is the mechanism through which you can manage your crypto without the involvement of a third party and the most commonly used crypto wallets are Coinbase Wallet, MetaMask, Trust Wallet, and Exodus Wallet.
A step-by-step guide to activate the MetaMask, Exodus Wallet, and Trust Wallet. You folks can install one of them and can continue the GameFi.
Step 2: Buy Starter Products
Downloading any game from GameFi. However, a lot of them demand that players first spend money on buying decks of cards, native crypto coins, characters, or items of games in order to participate.
Step 3: Pre-Funded Crypto Wallet
You must have funds in your crypto wallets to play the games. For instance, you are going to play the game Alien Worlds so you must have its native token (trilium - TLM) in your crypto wallet. But what if you don’t have enough credit to play the game firstly you have to purchase Binance (BNB) coins and use the Binance exchange to exchange the BNB for the game's native tokens. Here is the list of a few GameFi platforms and their native tokens and it would be quite helpful for you when you will exchange the cryptocurrency:
GameFi Games and Their Native Tokens
|GameFi Games||Native Tokens|
|1||Alien Worlds||Trilium (TLM)|
|3||Axie Infinity||Axie infinity (AXS) and Smooth Love potion (SLP)|
|5||Splinterlands||Dark Energy Crystals - DEC and Splintershards - SPS|
All the GameFi games have its native token, if you select any game firstly you need to exchange crypto into the native token of GameFi games.
GameFi is the combination of “Games” and “Finance” and was developed by the combination of blockchain, smart contracts,s and NFTs. Through GameFi games users can play games to earn and to play the game you must have wallet connectivity with enough funds in it. Furthermore, you need to exchange crypto to GameFi games native tokens so that onward you can buy decks of cards, native crypto coins, characters, or items of games.