Monetize your Fitness with Our Move-to-Earn NFT Gaming Development
This new immersive technology will help players all around the world to knot a passive stream of income by playing their favorite games.
What are NFT Games?
A blockchain-based NFT game pays players with digital assets like NFTs, character skins, or crypto. These may be obtained by completing levels, entering contests, or simply spending time playing the game. The assets of players can be utilized to obtain more prizes or sold on a digital NFT marketplace. The more you move, the more you earn, as the name says. Unlike typical video games, most games are decentralized, meaning that both the makers and the players have a say in how they are run. Players that participate in the in-game economy provide value to the game for both other players and the creator.
In addition to their names, all contribute considerably to the digital asset ecosystem and are quite popular among gamers and crypto aficionados. The NFT-driven sector is rapidly expanding, as seen by all of these titles. NFT games produced $2.32 billion in revenue in the third quarter of 2021 alone.
What are Move-To-Earn NFT Games?
Despite the fact that this word continues to attract attention, a new concept known as Move-to-Earn has arisen with prominent initiatives such as STEPN and Genopets. It’s using motion-sensor technology to launch a new GameFi segment that pays subscribers for being active. As the move-to-earn paradigm transitions to crypto, players may earn in-game currencies that can then be converted into real-world fiat currencies, offering meaningful advantages for their involvement rather than simply paying to move.
M2E demands users to engage in more outside physical activities such as soccer, running, and so on, but it also includes an intriguing feature that allows them to earn tokens or uncommon things as a reward. To put it another way, this concept is the perfect blend of Gaming Finance and Fitness Apps, with the purpose of persuading people to swap their inactive lifestyles for a healthier ones.
Benefits of Move-To-Earn NFT Games
Being healthy may be enjoyable, but staying motivated can be difficult. This is where applications that allow you to move to earn money come in handy. Users are rewarded with cryptocurrencies if they are engaged on these networks.
- Users earn rewards by engaging in physical activity, including jogging, running, swimming, cycling, surfing, and more, representing a massive step up from other platforms.
- Track record of success in the cryptocurrency world.
- Seeing the number of investments in move-to-earn NFT projects, it’s easy to see how the recent influx of cash bloomed the projects.
- Shake off the post lockdown jitters and rustiness.
- They bring out our competitive side, forcing us to push further than we’ve ever pushed, either against ourselves or others.
- These games also incorporate in-game utility and governance tokens, which can be easily purchased on exchanges, and grow as the value and popularity of the game grows.
Advantages of Move-to-Earn NFT Games
They opened up new possibilities and benefits for both gamers and the specific NFT game production firm. Let’s take a deeper look at what makes Move-To-Earn NFT games so lucrative for both parties.
- Players can now sell or exchange their collected/purchased items using physical exercise for Bitcoin/Ethereum, allowing them to leverage their fitness time into investments.
- With blockchain technology, all of the information about reward/earned NFTs is stored in a decentralized ledger. You may discover the owner of a particular NFT and the history of its possession by looking at it. This record is left in the blockchain ledger when an NFT is transferred to a new owner.
- The wide range of assets regarding Move-To-Earn NFTs can be featured as a collection or individual and there is a ton of diverse, colorful, and amazing assets to choose from.
- As the market is hot for this new and exciting Move-To-Earn NFT platform, there are several opportunities inviting investment.
To recap, we are merely at the start of a long Move to Earn journey. Long term, there will be great potential if this new wave is appropriately invested in and promoted in the market. It has the ability to breathe fresh life into the Crypto market.
Do you want to get your feet wet in the M2E market?
Please do not hesitate to contact our top-notch developers. Infinite Block Tech is a major Blockchain development firm with operations all around. We keep up to speed on the newest IT trends with our in-house personnel so that we can deliver the finest Tech solutions for our worldwide clients, helping them to explore their business and surpass their competition. Whether you’re a small business, a medium-sized firm, or a major corporation, you can trust us to build the optimal blockchain adoption strategy for your company.