Crypto games are here to stay. In fact, this new trend is gaining so much strength that they are changing the business model of video games. The tokens included in them have become a highly coveted asset, to such an extent that they are among the highest valued cryptocurrencies of 2021.
Games like Axie Infinity and Decentraland have become extremely popular among young people, partly thanks to the great acceptance that crypto assets have had in society. The value of these video games is found in the price of the tokens they include.
How do crypto games work?
These video games have their own cryptocurrencies that can be exchanged between players. The token gains value based on its use. In such a way that those assets that flow the most within the metaverses are the most valued. That is, it is the players themselves who add value to the token when they consider them valuable.
The business model of these crypto games is based on users making an initial investment in NFTs specific to each game. Subsequently, players can get more tokens by playing and can sell them in exchange.
The price is also set by the users themselves, since they buy and sell them at the price they consider appropriate based on their functionality in the game.
The asset is devalued if nobody plays
This is where the problem appears. Blockchain developer James Bachini explains that if players stop playing and sell their tokens for other cryptocurrencies, their value falls. Conversely, the more players join the metaverse, the greater the value of in-game assets.
These crypto games are gaining so much popularity that Axie Infinity and Decentraland tokens ranked as two of the best crypto assets of 2021, increasing in value by 18,000% and 4,000%, respectively.
Are there guarantees of earning money?
As with any investment, crypto gaming carries risk. As the experts explain, earning money depends to a large extent on the popularity of the game, as well as the demand for the tokens.
However, in this case, the chance of winning money also largely depends on the amount of time spent playing the game. In other words, those who play more will have more chances of making their initial investment profitable.
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