Know the risks of NFT games before investing

You Could Possibly Lose More Than You Earn

Numerous NFT games are prohibitively costly, and there is no assurance that you will be able to sell one at a greater price in the future. Because the value of an NFT can fluctuate significantly within minutes, it’s easy to lose money or miss a golden opportunity by buying or selling at the wrong time. Thus, in order to be successful with NFTs, you must invest time in study and spend your money carefully. Additionally, some NFT games require a buy-in, which means that if you are unsuccessful, you may never recoup those upfront costs.

If you are impatient or impulsive, you risk squandering your money on the wrong NFT. Regardless of how much research you conduct, investing in NFT games like guild of guardians requires a certain amount of luck. Even the most seasoned traders lose money on certain non-directional trades. 

The Value of an NFT May Depreciate

Are you familiar with Beanie Babies? If you don’t, you’re either too young or too fortunate to have escaped the hype. Beanie Babies are small stuffed animals made of plastic beads that were extremely popular in the 1990s. Enthusiasts stocked up on Beanie Babies in the hope that at least some of their collection would appreciate in value.

Although some Beanie Babies gained popularity, the majority remained worthless. NFTs, like Beanie Babies, are collectible items. While some may be more valuable than others at the moment, the future is unpredictable.

While an NFT may be rare or desirable at one point in time, this does not guarantee that its value will increase or even maintain. Buyers often believe they’ve just acquired the next great thing, and they’re backed up by an abundance of study and data. However, like with any collection, the value of NFT games cannot be predicted with absolute precision.

At times, individuals may just lose interest in a new NFT. Perhaps something larger, better, or shinier becomes available, or the artist with whom the NFT is linked loses popularity. As a result, the value of any NFT can plummet within hours. As a result, you should avoid investing your life savings in NFTs. While you may earn a lot of money, you also risk losing it all in a matter of seconds.

It’s healthy to be cautiously optimistic, and trading NFTs will undoubtedly increase the value of your in-game assets. Nonetheless, invest just what you’re prepared to lose. You don’t want to fall behind on your car payment or face foreclosure as a result of betting everything on an unprofitable NFT.

Know the risks of NFT games before investing

Scams Are Pervasive

Regrettably, whenever a new industry develops, fraudsters quickly emerge. Since the inception of NFTs, scammers have used a variety of deceptive techniques to trick people into spending their money on unprofitable or nonexistent tokens.

For instance, many scammers inflate the price of an NFT artificially by selling it to other scammers in their ring — or by purchasing it from themselves under an alias to create the illusion of high demand. When an unwitting buyer purchases the NFT, they will find it nearly impossible to sell, as the initial series of fake buyers were not legitimate buyers in the first place.

Additionally, you should be suspicious of bogus markets, false NFT games, and NFT-related spam communications. Certain criminals offer phony NFT games and markets in order to steal your money, bank information, and other personal information. Often, these fly-by-night enterprises vanish or cease operations after defrauding a sufficient number of consumers of their hard-earned money. 

Due to these dangers, you should do your own due diligence on the development team and the project before to jumping into a new trend. And as is customary, each game is unique. Never click on links included in NFT-related communications without first validating the sender’s authenticity. Click here to look at the war breeding amidst NFT games platforms.

Difficulties Cashing Out Non-Fiduciary Trusts

Liquidity levels for various NFTs vary considerably. In comparison to cash or shares, an NFT might be difficult to trade at times. To sell an NFT, you must first locate a buyer. This is straightforward when an NFT is at its zenith of popularity, but new or …

NFT games to play in 2022

Historically, earning an income from video NFT games has been restricted to e-sport athletes or content developers. With play-to-earn, the typical gamer may now earn cryptocurrency by purchasing and selling in-game NFTs like pegaxy or by accomplishing goals in return for cryptocurrency incentives. If you’re interested in learning more, check out our comprehensive guide on acquiring crypto and NFTs using play-to-earn.

Binance NFT is a pioneer in Play-to-Earn gaming, with a massive library of high-quality game drops and the industry’s first Initial Game Offering (IGO) platform for new NFT games like pegaxy. If you’re searching for an easy way to get started with your NFT gaming experiences, you may browse our various collections. Continue reading to learn about the seven play-to-earn NFT games to watch in 2022.

1. Dalarnia’s Mines

Mines of Dalarnia, which was launched on the Binance Launchpool, is an action-adventure game project that includes a unique blockchain-powered real-estate market. The player base is divided into two mutually beneficial factions: miners and landowners. Miners fight monsters and demolish blocks in order to uncover valuable resources, while landowners give the land and minerals. Additionally, players may collaborate with their friends to kill monsters, accomplish objectives, and earn in-game goodies.

Mines of Dalarnia’s in-game assets will be accessible on the Binance NFT Marketplace in Q1 2022 as part of their future IGO collection. DAR is the in-game money that is utilized for all in-game transactions, including skill advancement, governance, and transaction fees. Learn more to know the risks of NFT games before investing.

2. My Neighbor Alice

My Neighbor Alice is a multiplayer world-building game that combines the best of both worlds: an engaging experience for casual players and a trading and collecting environment for NFT.

Players acquire and own virtual parcels of land via Alice or the marketplace using NFT tokens. Due to the scarcity of accessible land, market values vary. If you’re a good landowner, you’ll be rewarded with extra perks through the in-game reputation system. Along with land, users may purchase and utilize in-game assets like as homes, animals, vegetables, decorations, and cosmetic items.

The Alice coin serves as the main in-game money and is also available for purchase on Binance. Alice tokens are used for in-game transactions such as land acquisition, as well as for DeFi-specific services such as staking, collateralization, and repurchase.

To begin, visit Binance NFT’s secondary market to purchase a variety of My Neighbor Alice in-game goods, including previously sold-out mystery box goodies.

NFT games to play in 2022


Mobox is a cross-platform GameFi metaverse that mixes NFTs from gaming with DeFi yield farming. Mobox NFTs, commonly known as MOMOs, may be acquired through Binance NFT Mystery Box releases or the Binance NFT secondary market.

Players may use their MOMO NFTs to farm, combat, and produce crypto prizes. Additionally, the platform enables gamers to exchange their MOMOs, stake them for MBOX token farming, or utilize them as collateral in the MOBOX metaverse.

Mobox is a simple game that mixes free-to-play and earn-to-play principles. The game places a premium on NFT interoperability, allowing users to utilize their MOBOX assets across several NFT games concurrently.

4. Infinite Axie

Axie Infinity, which is well-known in the cryptocurrency world, is a Pokemon-inspired play-to-earn game in which players combat, grow, and trade fantastical creatures called Axies. The game incentivizes users to battle their Axies against one another in return for little love potions, an in-game money (SLP). Each Axie is also a non-fungible token (NFT) that may be purchased or traded on non-fungible token exchanges.

5. Illuviation

Illuvium is a new blockchain game based in an open-world RPG environment. Players traverse a fantasy environment, battling and capturing Illuvials. Once collected, Illivuals may be used to fight other players while performing quests, accomplishing challenges, or progressing through Illuvium’s plot.

The Illuvium project’s central mechanic is acquiring and personalizing your NFT Illuvials. Each Illuvial has an own affinity and classification. There are five classes and five affinities, each with its own set of advantages and disadvantages. Your Illuvial grows in strength as you defeat enemies and accomplish objectives.

On an NFT marketplace, players may exchange all of Illivium’s in-game assets, including Illuvials and goods. If you want to earn Illuvium’s in-game currencies, ILV and …

Looking at the war breeding amidst NFT games platforms

The worlds of cryptocurrency and video NFT games are becoming convergent. The combination nicknamed “play-to-earn,” and more commonly referred to as “web3,” has the potential to usher in a new generation of gaming experiences with real-world economics and new player incentives. This, in turn, has the potential to fundamentally alter the gaming industry’s existing business structures.

That is, if the game industry’s conventional platform gatekeepers choose to open their doors. Currently, many of them remain closed, relegating these NFT games like to obscure parts of the internet, and it’s unclear what it will take to convince the industry’s most powerful corporations to embrace this new technology like used in crabada. Meanwhile, the blockchain gaming business has grown to be one of the fastest-growing parts of the game industry, with no indications of slowing down.

Initially, NFT games were pay-to-play, designed for quarter slots and arcades. Decades later, and as a result of innovation and pioneering business strategies, we now have free-to-play games as well, which monetize through an in-game economy of digital products — Fortnite dances and Genshin Impact skins, for example — that is strictly controlled by the creator.

However, NFT games is an entirely new paradigm, based on the concept of producing real-world value from in-game items and other types of digital products via the use of non-fungible tokens, cryptocurrencies, and other blockchain technologies.

If this trend continues, it might help provide the groundwork for the much-desired metaverse that so many social media and gaming companies seem to be pursuing. Mark Zuckerberg believes that the market for virtual apparel in the future metaverse may be worth a billion dollars.

The gaming industry is about to be disrupted by cryptocurrency. At first glance, these NFT games titles seem to be the next buzzy NFT craze, as crypto fans, businesses, and investors apply the non-fungible token idea to all manner of digital commodities.

The concept is straightforward: rather than purchasing a game outright or investing money in a free-to-play title, the game would pay you to play it, with built-in incentives to compensate for your time and often a tiny financial share in the business that created it.

By participating in a game of this kind, a player may earn unique goods with verifiable ownership that can subsequently be exchanged, purchased, or sold. This is where the blockchain and NFT components come into play, since these products have unique IDs that attribute a changeable value to them, much like a limited-supply commodity or work of art. 

Looking at the war breeding amidst NFT games platforms

Typically, the game’s exchange is for cryptocurrency, as is the case with the Pokémon-like NFT games platform platform Axie Infinity, whose parent firm was valued at $3 billion earlier this month after a series B led by Andreesen Horowitz. In that regard, these gaming NFTs are similar to those made from digital artwork, trading cards, or other sorts of online collectibles that have been swept up in this year’s crypto gold rush. However, gaming NFTs wreak havoc on current game economies, some of which already permit real-world trading of in-game commodities (though many game makers forbid it).

Valve joined the fray earlier this month, and the situation has grown out of hand. The business, which controls the world’s largest PC gaming marketplace, discreetly announced a ban on “blockchain-based apps that issue or facilitate the trade of cryptocurrencies or NFTs.” The firm, which is notorious for its secrecy, had nothing more to say on the subject.

A Steam prohibition on blockchain technology almost guarantees that NFT games will never reach the public, at least in the near future.

Due to the fact that no company has yet developed a mechanism for distributing such software through Apple or Google’s app stores, there are few other ways to reach new players aside from sideloading on Android or traditional desktop apps, both of which require players to seek out the game on their own.

Apple and Google have not officially prohibited such NFT games. However, not even Axie Infinity is accessible on mobile app stores at the moment, but the game’s designer hopes to offer it on mobile devices in the next months.

Valve’s decision has sown divisions among the video gaming industry. Epic, ever keen …