Do You Know What a Blockchain Game Is?

Surprisingly, the gaming business has emerged as the sector of the digital product market that is showing the greatest interest. You have probably previously been exposed to the concept of blockchain games, in which it is possible to acquire tokens.

What are Blockchain Games?

Blockchain games are games that are built on blockchain technology and use cryptography. This means that they often use cryptocurrency as a tool in the game. Let’s look at how this technology is used in video games.

The most important thing that this technology adds to a game is the fact that a player will always have a certain item. By buying an in-game NFT token, for example, a player can be sure he has a really rare item and can sell it outside of the game. It becomes possible to trade with other people without having to transfer your whole account for one item. We can say that this creates a completely new player-driven economy where everyone can make their own unique content.

The question is how game developers will make money if users can also make skins for their games. The easiest choice is to charge a fee for trading. This percentage is similar to the percentage that is taken away from the artist each time his NFT is sold again.

It’s important to note that farming games are the most popular type of game with their own economy right now. There are now a lot of games on the crypto market that let you “farm” cryptocurrency. These are DeFi games where you can actually make money, though it’s in a different form, like cryptocurrency or NFT.

The Most Popular Example: AlienWorlds

AlienWorlds.io is a popular Sci-Fi gaming metaverse that runs on the Play2Earn model and is powered by the Wax blockchain.

It is one of the virtual worlds with the most people in it. More than 7 million people have signed up to play Alien Worlds, and about 200,000 of them play every day.

The native Trillium Token (TLM), which is made on the Wax, BNB Chain, and Ethereum networks, is the most important part of Alien Worlds’ economy.

The game also has a busy market for NFT items and digital real estate. The economy is run by a network of “planetary DAOs,” which are decentralized organizations.

Project’s History

AlienWorlds was made by the Swiss company Dacoco, which was started in the “crypto valley” of Zug by blockchain developers Michael Yates, Rob Allen, and Sarojini Makkena, who is also a businesswoman. All of the founders were important in getting EOS and a number of other blockchain projects off the ground.

There were several steps to how the project was paid for. Shortly before the test launch of the game on December 4, 2020, the developers held a Danish auction of non-transferable tokens that could be used to buy virtual land (NFTs). So, they were able to raise around $1 million.

In February 2021, the Korean fund HG Ventures put money into Dacoco as part of a seed round of funding. In March of the same year, 10 venture funds, including Animoca Brend, took part in a private token sale. Between these two rounds, more than $2 million was raised.

How to play Alien Worlds?

Alien Worlds only works in a browser, but it can be played on both a PC and a mobile device. You need to make an account in the Wax Cloud Wallet before you can sign up for the game.

Alien Worlds is a non-fee-to-play (NFT) game that uses the Play2Earn model. Unlike many other Play2Earn-based NFT games, you don’t have to. Each new player gets a free tool—a shovel that does the bare minimum—and can start mining the game’s cryptocurrency, TLM, right away. Mined coins can be taken out at any time.

What kind of NFTs can you use in Alien Worlds?

The game is played with different non-fungible tokens (NFTs) that are issued on the Wax blockchain. There are six different kinds:

• tools let you get TLM from different land plots in different ways;
• avatars give the player a unique look, but they don’t change how the game is played;
• minions let you fight in PvP battles that were added to the metaverse when the Thunderdome update came out.

Minion weapons make the characters’ abilities better. Artifacts do the same thing for minions. Plots of land on planets let you get rent from miners.

AtomicHub and NFTHive are the two most popular places to buy and sell gaming NFTs on the Wax blockchain. The Wax Cloud Wallet is used to connect to them, and payments are made in WAXP (the native cryptocurrency of the Wax blockchain).

All types of NFTs have six levels of how “rare” they are (except lands). There are also five levels of Shine for NFT items, which are Stone, Gold, Stardust, Antimatter, and Dimension X. (X-Dimension).

You can combine four NFT items of the same rarity and brilliance into one with the next level of brilliance. Depending on how rare and brilliant the items are, this costs between 100 and 2000 TLM tokens.

How can you make money in Alien Worlds? How much can you make?

Since this free-to-play game is based on the Play2Earn model, most people join Alien Worlds to make money.

Here are some ways to make money:

• mining TLM when mining lands and during missions;
• selling NFTs earned during mining and missions on the marketplace;
• getting rewards for staking TLM in planetary DAOs;
• land owners on planets getting their share of the planetary treasury and taxing miners in TLM tokens.

Before TLM was listed on Binance, the best time to mine Alien Worlds was at the beginning of 2021. Then, with just the most basic tools, you could play for a couple of hours and get a cryptocurrency worth a few dollars. But as the number of players grew and the value of the TLM token went down, the amount of money that could be made dropped by a lot.

Buying more powerful NFT tools increases productivity and cuts the amount of time spent in the game by a large amount. However, this requires an initial investment of about $20–$50.

The Bottom Line

Over the past few years, blockchain technologies have become more complicated and interesting. They are getting bigger and bigger. Since a lot of people have been at home for the past two years, interest in digital products like cryptocurrency and crypto games has only grown. Gamers and big players in the game industry are very interested in games where players can not only buy things and spend money inside the game, but also make money inside the game.