Play Video Games on the Blockchain for Passive Income

In a previous article, I shed some light on the exploding market of non-fungible tokens (NFTs), which is where digital art and other collectibles are selling for hundreds of thousands of dollars. I also mentioned how NFTs are revolutionizing the online gaming industry- an industry which generated over $130 billion in revenue last year and continues to grow at a breakneck speed. In this article, we’ll delve deeper into how you can make money playing these NFT-based video games — by flipping and trading digital assets collected within these games. A third of the world’s population still play traditional video games like “Call of Duty” or “Civilization” where the idea is to simply play-to-win. It’s only a matter of time when most of those people discover that on the blockchain, you can play-to-earn.

Why NFTs Become Valuable in Online Games

There’s been a lot of attention on DeFi (decentralized finance) in the last year. The current surge in the cryptocurrency market is largely due to that growing popularity. However, when the number one blockchain for online gaming upgrades to Ethereum 2.0, NFTs and the platforms that use them will likely go parabolic. The existing industry of online gaming with its billions of gamers will be revolutionized. The number one reason is now users can make money when they win.