How play to earn games are different

With over 400 million players, India boasts the world’s largest mobile gaming population. Desktop computers and gaming consoles such as PlayStations and Xboxes are also popular platforms. Until now, the most popular and successful play to earn games, such as Call of Duty, Among Us, and Grand Theft Auto, have all employed a centralized method, in which the game’s designer controls it via administrators and keeps all game data on a single server.

With the rise of blockchain technology, decentralized gaming is gaining traction throughout the globe, with blockchain-based play to earn games like Axie Infinity (AXS), The Sandbox (SAND), and Decentraland (MANA) leading the way.

In a blockchain-based game, players have complete control over their digital identities, accounts, and assets. Individuals also have total discretion over how they interact with the game’s inherent micro-economies, exchanging and encashing assets whenever they like. Learn more how play to earn games evolved.

A centralized game, on the other hand, stores all player items, collectibles, and currency in the game maker’s database, and so is owned and managed by a single business.

Furthermore, centralized game servers are vulnerable to failure, infiltration, shutdown, and manipulation by developers/admins, and they don’t provide users access to game mechanisms.

Why blockchain-based play to earn games are unique.

In a blockchain game, players have genuine ownership of in-game assets. Non-fungible tokens (NFTs) are often used to represent these assets, and they act as proof of ownership for participants.

In-game equipment, wearables, character skins, and cards are all examples of assets that may be linked to NFTs and stored on a blockchain-based game’s distributed network.

Micro-economies or decentralized marketplaces emerge inside the game as a result of players’ capacity to freely possess and trade their in-game assets.

Furthermore, since blockchains are decentralized, the protocol eliminates the requirement for player-trader trust and/or a mediator or third party to regulate markets. Furthermore, blockchains facilitate value transfer and payment between users through cryptocurrencies, which is true for micro-economies in blockchain-based play to earn games.

Through NFTs (for digital assets) and crypto, blockchain technology may potentially allow players to move and use assets across other play to earn games to make money or exchange them on other gaming markets (for value transfer).

Players may be able to vote for or against game updates or alterations, depending on how the game is implemented.

Furthermore, since distributed networks lack a single point of failure, the distributed nature of blockchain prevents hackers from interfering with/attacking the game. A blockchain-based game may also continue to run even if its designers quit or move.

While these features favour blockchain-based earning play to earn games over their centralised counterparts, distributed ledger technology does have certain disadvantages.

In terms of network speed and scalability, blockchains are slower than centralised networks, which has an impact on in-game transactions. Furthermore, since blockchain technology is still in its infancy, play to earn games based on it are still primitive, low-budget, and unpopular.

How play to earn games are different

A prominent blockchain-based game is Axie Infinity (AXS)

Sky Mavis built Axie Infinity as a fun approach to teach the gaming community about cryptocurrencies. It’s a game where players assemble, battle, and use Axies to earn tokens that are paid out at regular times.

The Ethereum-based currency AXS (Axie Infinity Shards) and SLP are used in the game (Smooth Love Potion). NFTs and crypto allow users to gain property rights on its network.

Axie Infinity also has a vibrant community and scholarship program in place to support and educate new players. In October 2021, Sky Mavis received $152 million from Andreessen Horowitz, Mark Cuban, and others to expand Axie Infinity.

Sandbox (SAND)

Players are given the means to construct their own nonlinear experience in the Sandbox, a virtual world game. The Sandbox, which was created by Pixowl and acquired by Animoca Brands, uses SAND to power its in-game economy.

Players may use programs to construct digital avatars and produce in-game assets, convert them to NFTs, and trade/sell them. As a result, The Sandbox is an earn-to-play game. The Sandbox also enables landowners to sell virtual property inside the game, allowing them to build digital experiences on the platform.

In November 2021, the game raised $93 million in a Series B funding round led by SoftBank’s Vision Two Fund and a few other investors.

Decentraland as well as (MANA)

Decentraland is a virtual environment where individuals may own property, host virtual events, produce and share information, and engage in a wide range of social activities.

Decentraland uses blockchain technology to allow players to own their digital identities and in-game assets, similar to Axie Infinity, The Sandbox, and other blockchain-based play to earn games.

How play to earn games are different

Decentraland is a pioneer in the field of blockchain-based play to earn games, and its economy is built on MANA, an Ethereum standard token. Because of LAND, the game’s virtual real estate NFT, the game’s popularity has grown.

Decentraland raised $26 million in an ICO in 2017 and seems to have received further financing from Digital Currency Group, Kenetic Capital, FBG Capital, CoinFund, and Hashed in undefined amounts.

Gaming and the Metaverse

Other significant ventures in the area include the virtual reality game Bloktopia, the NFT platform Enjin, the role-playing game Ilivium, and the gaming platform Gala, in addition to Axie Infinity, The Sandbox, and Decentraland.

The top gaming crypto tokens have a market value of $21 billion, which is a drop in the bucket compared to the top crypto currencies like Bitcoin (almost $1 trillion) and Ethereum ($536 billion).

With the rising popularity of the Metaverse concept – a shared, gamified, three-dimensional virtual world in which people can interact – the blockchain-based play to earn model of play to earn games may play a big role in motivating Metaverse platform adoption.

Decentralized, blockchain-based platforms, as well as centralised digital behemoths like Meta (formerly Facebook), Microsoft, and others exploring in the space, are enthusiastic about the notion. In addition, play to earn games like Fortnite and Roblox that need concentrated play to generate money have been producing the most metaverse-like experiences.

Conclusion

Esports players may make money by participating in NFTs. It’s astonishing because, while you’re enjoying the thrill of the game, you’re also hoping for a profit when you lose interest in the game items and wish to replace them with something more appealing.

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How play to earn games evolved

Trading cryptocurrencies has become a popular option for many people to make money these days, particularly with the advent of play to earn games. On CoinGecko, a cryptocurrency review site, you’ll find a list of 9,900 digital tokens, the bulk of which were created in the previous five years. Cryptocurrency trading has helped a lot of people.

However, since the trend is accelerating, trading is no longer the only way to profit from cryptocurrencies. Playing mobile play to earn games is another way to gain money. The more you play, the better you get and, perhaps, the more money you earn.

As seen by the cost of its digital tokens, Axie Infinity (Axie) is now one of the most popular play to earn games in town. A quick scan of the internet shows that Axie Infinity Shards (AXS), the game developer’s token used to raise funds to create Axie, had risen 176 percent to US$138 as of Oct 5 from about US$50 two weeks ago.

Because it allows holders to vote on significant changes made to the game by the designer, AXS is frequently referred to as the project token. Its worth rises in direct proportion to its popularity and potential in the future. Click here to get everything you need to know about play to earn games.

Smooth Love Potion (SLP), the in-game token obtained by Axie players by killing monsters and battling other players, has been on a wild ride since April. It jumped 929 percent to 36 cents per token in May, up from 3.5 cents only two weeks earlier. On October 5, after a series of wild swings, the dust settled at 8.9 US cents per token.

ASX and SLP may be traded on the market via unregulated decentralised exchanges that use smart contracts to match and execute trades automatically online.

Ee Wui Yang, a crypto entrepreneur and Axie veteran, estimates that playing Axie for two hours a day may make between RM1,000 and RM2,000 per month.

“It used to be a ‘grindy’ game” (involving a lot of repetitive actions to level up or earn cryptocurrency). A gamer must spend six to seven hours every day to earn a thousand or two [ringgit]. However, now that the developer has improved the game, players just need to play for around two hours per day, comparable to other play to earn games,” he says.

The game’s monthly revenues are determined by factors such as the price of the SLP and the exchange rate of a fiat currency against the US dollar. This is due to the fact that an Axie player would need to swap his SLP for stablecoins such as Tether (USDT), which are commonly backed by the US dollar, before converting them to fiat currency.

“For example, since one US dollar is more valuable in the Philippines than in Malaysia, players in the Philippines would play similarly to play to earn games more enticing than Malaysians.” Singaporeans would undoubtedly find it less enticing,” he claims.

How play to earn games evolved

What’s the best way to start the game?

It’s vital to understand non-fungible tokens before getting into Axie and other similar play to earn games (NFTs).

Simply said, an NFT is a non-transferable digital token with its own identity. As a result, an NFT may be used to represent a range of different products, such as artwork, with ownership traceable via a blockchain record.

The July sale of the Doge to the Moon NFT for 36.3 Ether in an online auction is a well-known local application (equivalent to RM325,000 then). The artwork was created by Red Hong Yi, a Malaysian contemporary artist best known for her work on the cover of TIME magazine’s April issue.

A player must purchase three NFTs from the Axie Marketplace before starting the game. Each token represents an in-game monster with its own state and abilities that a player may use to win battles.

The Axie NFT is priced in Ether, which means that in order to buy monsters online, a user must first buy Ether on an exchange and then store it in the Ronin Wallet, an unique cryptocurrency wallet.

Naturally, the game’s entry barriers raise as demand for Axie NFTs (or monsters) grows and the price of Ether rises. On the Axie Marketplace, a monster costs at least 0.04 Ether (about US$140, RM585) as of October 6. There are now approximately 335,000 monsters for sale on the marketplace.

How play to earn games evolved

Axie players may make money by selling their monsters at a profit when demand is high, in addition to earning SLP from in-game battle.

According to Jason Kwong, CEO of NFT art business Imperium Universe, Axie players may also generate money by breeding new monsters in the game. “Each monster you buy is divided into one of nine different clusters, each with its own set of attributes. “By coupling two animals from different clusters, a player may construct a new monster with unique traits,” he says.

In the realms of traditional and non-traditional gaming, this is not a new concept. For example, there are currently horse-racing play to earn games where players may buy an NFT representing a certain kind of horse and enter it in a race.

“You may also buy an NFT for a certain breed of horse and couple it with another horse of a different breed.” Some players may even pay you for breeding with your horse. In Axie, it’s the same. Additional NFT play to earn games of this kind, I believe, will be published,” Kwong says.

Axie has started allowing players to buy land that may be used as a base of operations for their monsters as well as a tactical edge in battle. A 4.25 percent charge is applied to each NFT sold in the game.

The ultimate objective is to create a metaverse, which is a virtual environment inside an online game where individuals may earn, spend, and live in cryptocurrency. Kwong continues, “It’s almost like a parallel reality to the one we live in.”

Blockchain and non-volatile memory are at the heart of this project.

Axie, a game created by Sky Mavis in Vietnam, used to be a game that could be played by nearly anybody and allowed them to earn cryptocurrency. It was usually assumed that it was a part-time employment meant to augment one’s income.

“In certain areas in the Philippines, there were even film footage showing groups of people playing it collaboratively,” Kwong adds.

Since Axie’s debut in May, a slew of new players has rushed to the game, pushing up the price of Axie NFTs and decreasing the barrier to entrance. There are also more professional players in the game with higher knowledge and talents. In summary, making money as an Axie player in the present day has become considerably more difficult.

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Everything You Need to Know About Play To Earn Games

Do you know you can make lots of money while playing video games? Yes, it is an absolute fact. As a matter of fact, If you haven’t heard about the moneymaking opportunities in play to earn games, you are missing out on a big deal. 

Play to earn games are designed to serve players’ purpose emotional and financial needs. How do I mean? It enables players to monetize their habit of playing video games. Hence, games are no longer for pleasure alone. Some people are already playing play to earn games to generate income to pay their daily bills and make reasonable investments. 

Of course, you might be familiar with real-life making money while playing videos games through betting. Still, this new play to earn games model comes with a different twist. It doesn’t involve exchanging cash by players. Instead, each player will have to compete in the game and make as much money as they can winning competitions. This initiative is a brilliant achievement for the NFT market in the metaverse.   

No doubt, play to earn games are the future of video games because no one would prefer playing video games just for fun while others are making money with their playing time.  

Everything You Need to Know About Play-To-Earn NFT Games

What Are Play-To-Earn NFT games?

Play-to-earn NFT games are the newest gaming development that allows players to complete some tasks and earn in-game tokens in different types of cryptocurrencies. The development of these games has contributed immensely to the economy of the crypto world. Some of the games come with a bounty of Non-Fungible Tokens (NFTs) for participants, making many players shift from playing for pleasure to playing for treasure. 

Play-to-earn gaming community records many participants, which soars day by day. that is not far from the fact that players can earn a fortune if they master the skills required to win the various competitions they come across. Not only that, but they can also trade some of these rewards with other players or sell their crypto when the value rises.

The introduction of play to earn games into the gaming world contribute to the sudden rise of NFT. NFT gets more acceptability and credibility as the hype and participation surge in the value chain. This will undoubtedly create a bright future for gamers who are ready to invest their time and money into the moving train to get huge profits.

The Rise of The Play To Earn Model in The Gaming Industry 

The whole story started in 1958 when Willam Higinbotham, a physicist, created the first-ever video game. It was a simple tennis game but gained significant acceptance from people of different age categories. After then, a few other video games came out with the same aura to snatch public acceptance, and then the gaming industry began to experience a boom. That led to the advent of mobile phones and computerized games that allow players to exercise some real-life moves in games. 

Meanwhile, the developers of the games mentioned above created them for fun. Video games became great time stealers as young folks get stocked in them for hours without being productive. People began to look for ways to make money out of their playing times which led to betting. From that initiative, some video game developers began to create newer versions of video games that can allow players to make real-life money while playing games. Then, metaverse came to life and boom! play to earn games began to rise.

Examples of foremost moneymaking NFT

SANDBOX is one of the foremost examples of money making games. As of the time of launching, it was the best and hottest virtual gaming world where people could build a gaming platform to own, earn and monetize their time in the virtual game. SANDBOX is fair enough to beginners to get a free NFT upon creating an account. It presents an affordable platform for people to easily invest and earn lots of money.

LAND is another metaverse platform where people can access digital content that will monetize their SANDBOX metaverse. SAND is the acceptable token people can use to purchase land and other valuable items in the metaverse.

Everything You Need to Know About Play-To-Earn NFT Games

How does the ownership of the moneymaking games work?

Most moneymaking games allow players to complete different complex tasks and earn in-game rewards in the form of Non-fungible Tokens (NFTs), which players can later convert to real-life cash at the bank or in hand. These moneymaking games operate on blockchain technology, which allows players to exchange whatever they earn in the game as NFTs to get money in a dedicated marketplace. That process is called staking.

The Future of Play-To-Earn NFT Games

The advent of the Non-fungible Token (NFT) play-to-earn gaming platform could be a massive success in the future. Suppose you have not been participating in this fast-rising gaming movement. In that case, it’s high time you joined and started making money with ease. 

 Conventionally, video games are created for enjoyment and as something to keep people active in idle times. However, the table is turned now as people are currently looking for ways to make money with their precious time regardless of what they do at each moment. Hence, developing a gaming platform where players can earn as they play is a wise initiative.

Launching a gaming platform that allows players to have fun and earn money is a massive addition to the virtual world. In reality, it has a great impact in this IT age. The unemployment rate is increasing in many developing countries, and machines gradually reduce employment rates in developed countries.

NFT games are becoming significant trends all over the world. In some places like the Philippines, young and old folks invest in different play-to-earn games to either create a side hustle or dedicate their entire time to playing games. An average player presently makes more than $400 a day based on statistics and records. In the future, it could turn into millions of dollars in a month as the gaming community continue to increase in huge numbers.

Final Words 

Play-to-earn NFT games are the future of video gaming. You can turn the advantage to your side if you dare to develop a game or invest in a developer’s project to have a cut that bears your name. Meanwhile, it is not too expensive to own a moneymaking game. You only need to partner with software professionals to create a venture that fetches you millions of dollars.

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Everything You Need To Know About Axie Infinity Play-To-Earn Scholarship

Suppose you are passionate about playing Axie Infinity but don’t have the financial capacity to purchase the stater team of three Axies. In that case, you don’t have to fret. The good news is that several guilds out there are looking for aspiring players to enroll for best play to earn games scholarships. 

One of the best play-to-earn scholarships you can get in the present crypto-based gaming universe is the Axie Infinity scholarship. Ever since the boom of Axie Infinity, anyone interested in gaming (or investing) who has learned about the potential of best play to earn games wants in. After all, who doesn’t want to play games while earning a decent amount of money while at it? I know I do!

But the game’s current state doesn’t allow just about anyone to play. To be able to play, one has to set up a digital wallet, purchase 3 Axies from the marketplace, then sync their Axies from their digital wallet into the game. Quite a process just to play a game, no? But that is not even the major roadblock for most players.

Everything You Need To Know About Axie Infinity Play-To-Earn Scholarship

The lowest price of a single Axie (as of the time of writing this article) is roughly 0.1 ETH or 288.08 USD. While that price can be off-putting for a regular game, Axie Infinity is not a typical game. Players are willing to pay the price of 3 Axies to start playing simply because of the assurance that their investments will be paid back in full within a month and can provide exponential returns over a few months or years. Read this article to an overview of how the play-to-earn mechanic works in Axie.

But what if an interested player could not afford a single Axie, let alone a team of 3? That’s what brought about play to earn games scholarships. Axie Infinity has put a system wherein players are limited to 1 account. Suppose Axie Infinity catches you using multiple accounts on a device. In that case, those accounts will get banned, and the Axies will be unusable. This is to avoid the exploitation of the play-to-earn mechanic of the game. What players who have multiple teams of Axies can do to earn more SLP is to create Scholarships.

What is an Axie Play To Earn Scholarship?

A scholarship is when a manager (a player who has more than enough Axies) gets a scholar (a player who can’t afford their own Axie team) to play the game for them using their Axies. The SLP earned by the scholar will then be split between the manager and the scholar, depending on their agreement. It can be 50-50, 60-40, or however their conversation will go. The most plat-to-earn scholarship program offers 70% for scholars and 30% for managers.

Everything You Need To Know About Axie Infinity Play-To-Earn Scholarship

Scholars do not have access to the SLP that they earned in-game. It will be the manager that will process the withdrawal of the SLP. The scholar can opt to receive either hard cash of their chosen currency (USD, PHP, etc.) or cryptocurrency (AXS, ETH, etc.). Payment schemes should be discussed beforehand, given that withdrawals can only be made once every 2 weeks. Both scholars and managers should also consider the timing of withdrawals because of the fluctuating nature of SLP and crypto in general; what is $100 in SLP today may be worth $150 tomorrow or less, etc.

How do I get an Axie Play To Earn Scholarship?

Getting an Axie Scholarship involves a lot of trusts. The risks involved (such as getting the account banned) in a scholarship lie mainly on the manager. It is the manager’s Axies, after all. There is almost no risk in being a scholar. There are no laws protecting the manager’s assets, and most scholar-manager relationships are remote. If you are a scholar, please take care of your manager’s Axies.

There are several ways to get an Axie Scholarship. However, the most effective way is still personally knowing an Axie manager and asking to be their scholar. Because of the saturation of players wanting to play without being able to afford their own teams, there is an unlimited supply of potential scholars. Most of which come from 3rd world countries such as the Philippines.

In fact, there is so much demand for a Play-To-Earn Scholarship that people who want one are writing resumes and are constantly posting in Axie Manager groups with why they should be chosen. Suppose you are looking for an Axie Scholarship. In that case, I suggest that you start in the Axie Infinity discord group or just go to Twitter and scroll through posts with #AxieInfinity on them.

Everything You Need To Know About Axie Infinity Play-To-Earn Scholarship

What to look out for in a Play to earn a scholarship?

Rules vary from scholarship to scholarship. Some of the rules you may need to follow might look like this. 

1. Multi-Accounting or Botting is strictly forbidden. As a scholar, you will only play on the account provided to you during your scholarship. Please never share your account password or QR code with anyone. You can NOT play more than ONE account. You cannot share a device with another player in your household to play Axie. It’s one account per device.

2. If you are banned for any reason (botting, multi-account earning, violating Axie Infinity Terms of service, etc.), all SLP will be lost

3. You must understand the Axie Infinity terms of use 

4. Be respectful when you post on the Official Axie Infinity discord server. No wen this, wen that. Fix this, nerf that. Use the Ask-A-Manager channel if you have any questions first.

5. If you would like to search for another scholarship while a scholar here, you must inform a manager first. Do not apply if you already have a scholarship.

Other things you should watch out for are:

  • Track record and who is behind the scholarship. Are they well-known or anonymous?
  • What is the SLP payout – Ie? Is it 70 for you and 30 for the manager? Make sure you get a good payout!
  • What is the SLP minimum – High SLP minimums may be impossible to get to and stressful!
  • What sort of axies are you getting (floor axies are tough to grind anything on)
  • How active are the managers, and what is their reputation?

Final Words 

Axie Infinity plays to earn scholarship program is an excellent way to ride on the investment capacity of people that has enough Axies in their account to play the game and earn huge profits. Scholars and managers are expected to first negotiate the percentage at which they would share their earnings before agreeing.

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An expert’s view on NFT games and tax

Playing NFT games may be a lot of fun, and the fact that you can earn some money while doing so is an incredible bonus. It is possible to make real money by playing NFT play to earn gaming and using the crypto tokens provided by NFT. When it comes to games that enable you to make money, there has been tremendous development. This provides a plethora of advantages not just for game developers and artists, but also for players looking to earn some money. Axie Infinity players earn between $300 and $400 per month just by play to earn gaming. It’s an enticing bonus, and there are several games that provide it.

In a couple of months, the NFT games industry grew to be a multibillion-dollar business by merging two things that people already enjoyed: play to earn gaming and making money with cryptocurrency. However, it turns out that the play-to-earn paradigm has the very unpleasant side consequence of taxing even modest activities made in a video game.

Are you planning to sell your adorable digital creature on Axie Infinity? That is considered a taxable event. Did you sell it within a year of purchasing it? (With the timing of the play-to-earn boom, the answer is probably definitely “yes.”) Then it is a capital gain on a short-term basis. If you changed your NFT to a cryptocurrency prior to cashing out, this constitutes two distinct investment transactions. Even apparently little in-game item transfers might result in tax consequences.

To compound issues, NFT games often do not record all of your transactions for tax paperwork reasons. Thus, although there are several services geared to aid with crypto tax filings, obtaining the raw data used to power such products may be challenging. In comparison, prominent cryptocurrency trading platforms such as Coinbase prepare client transaction data for tax purposes using CSV files or direct software interfaces.

“Taxes may be a secondary consideration for many investors,” Jen Kim, head of product at NFT Bank.ai, said. “In fact, we’re receiving more inquiries,” she said. “There are quite a few individuals reaching out, and I believe it is indicative of the overall attitude at the conclusion of the year.”

Kim also emphasized the increased complexity introduced by the “scholarship” approach prevalent in play-to-earn games. While the term implies an altruistic assistance structure, scholarships are entirely focused on financial gain. Thousands of “scholars” in countries such as the Philippines and Venezuela participate in games on behalf of NFT owners (“managers”) in return for a cut of the profits.

As a result, scholarship managers form commercial relationships inside NFT games. This results in company tax obligations rather than capital profits. Additionally, it is likely to have international tax ramifications, since many managers reside in affluent countries and lend to academics in impoverished countries. Around 40% of gamers on Axie Infinity are currently located in the Philippines, according to some estimates.

An expert’s view on NFT games and tax

Each day, hundreds of messages from people seeking scholarships in the form of borrowed Axies flood the Axie Infinity Discord channel. The prospective scholars give information about their age, gender, marital status, internet connection, and geographic location. They promote their readiness to devote full days to earning money for management; it is not uncommon for pupils to volunteer to play up to 12 hours per day.

“I’m OK with any terms or conditions you guys have, as long as it’s not a slave contract,” one Filipino athlete seeking a scholarship wrote. This extending of a helping hand would be very beneficial to me at this time of [the] epidemic.”

Protocol talked with many of the scholarship applicants. They anticipated earning between $3 and $5 from a single day of Axie Infinity play. This is insignificant in compared to early projections that researchers may earn up to $2,000 per hour playing NFT games. Profit rates seem to have decreased as markets matured. One man commented that although a typical full-time job in the Philippines would now pay more, play-to-earn offered an intriguing possibility for those who were jobless.

Tax compliance is not limited to scholarship administrators: According to Rest of World’s reports, the Philippines’ Bureau of Internal Revenue initiated an investigation into digital influencers in September, which some players perceived as targeting high-grossing Axie Infinity players.

However, the great majority of play-to-earn players in the United States will remain unnoticed by the IRS this tax season. And, although paying play-to-earn taxes would be a headache, the reality is that many gamers will opt out and hope for the best.

These folks profit from the anonymity provided by publishers of NFT games. Shehan Chandrasekera, CoinTracker’s director of tax strategy, believes that NFT games will not include tax enforcement measures until regulations change. “Imagine a scenario in which I’m required to scan my driver’s license and complete all [know your customer] requirements just to play a game – that’s a significant point of friction for the game,” he said. “I don’t believe anybody would do it since it would be detrimental to their business strategy.”

Chandrasekera noted that willfully failing to notify the IRS of a taxable occurrence would constitute fraud. While the IRS has not made play-to-earn a priority, gamers may face attention if they pay out in-game gains through standard cryptocurrency exchanges. Additionally, the IRS might retrospectively order game producers to implement more severe reporting requirements, exposing gamers who dodged taxes.

An expert’s view on NFT games and tax

Play-to-earn or earn-to-play?

Investors believe that play-to-earn will be a key part of play to earn gaming’s future. According to Drake Star Partners, around 20% of the entire $9 billion in private gaming investments flowed to NFT-related initiatives in the first nine months of 2021.

Additionally, the sector’s game creators are redefining the traditional norms of success. Sky Mavis, the Vietnam-based company behind Axie Infinity, was valued at $3 billion despite having just 40 full-time devs on staff. This took place just three years after the studio’s inception.

However, not everyone agrees with the premise. Valve, the firm behind the renowned PC play to earn gaming marketplace Steam, said in October that it will stop carrying “blockchain-based apps that issue or facilitate the trading of cryptocurrencies or NFT.”

Epic Titles, which runs a competing PC gaming marketplace, took advantage of the occasion to reiterate its commitment to selling NFT games. This comes only a few weeks after Epic CEO Tim Sweeney tweeted: “We are not addressing NFT since the whole industry is now entangled in an intractable combination of scams, fascinating decentralized technology foundations, and scams.”

However, these battles over digital distribution are mostly about establishing community norms and mitigating future legal liability. A more pressing concern is this: Will anybody want to play NFT games if tax laws are ever completely enforced?

Suspension of belief has always been critical to the enjoyment of video games. It assists gamers in immersing themselves in another universe. Gamers concerned about in-game results because they added to the enjoyment of the game, not because the conclusion would have an effect on their life.

However, creators of play-to-earn games are increasingly requesting that users retain cognitive dissonance while playing: Gamers are expected to immerse themselves in a classic video gaming setting while also being aware of the tax consequences of everything.

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Special reasons why adults play NFT games

NFT games have made their way to capture people’s hearts globally. This is a statement of fact. NFT games come out with something exceptional to improve the gaming world. A few years back, people chose to play games typically because they wanted to catch some fun. Honestly, no one can stand to dispute that all games are created or designed to recreate people’s world. There’s a way NFT games came in to reshape people’s perspectives about games. Virtually all NFT games come with the benefits of play-to-earn. And honestly, people are saying something good about NFT games that allows them to make money. Personally, when I heard about play-to-earn NFT games, I thought it was about gaining coins that would only be useful to proceed to another level. Not until I had to do some research that people were making significant money from NFT games.

Apart from that, people also have more experience in the cryptocurrency world. There’s no way to play these games without having a crypto wallet. Thanks to those that initiate this plan.

However, what is why adults worldwide enjoy playing some NFT games like Axie Infinity, Sorare, Gods Unchained, and so on? That is what this article is all about. This write-up will help you to know the positive effects of playing games. So, do you know that the benefits of playing Axie Infinity or Sorare are beyond having fun and getting rewards that can be converted to money? Of course, some reasons go beyond having fun and getting tips. That is what this article is all about. I thought something different and unique must be attached to it when you see an adult playing Axie Infinity and So rare.

Therefore, below here are the reasons why adults enjoy playing NFT games;

  1. Competency: One of the benefits that adults are deriving from playing games like Axie Infinity and Gods Unchained is competency. No game doesn’t require skills to play very well. What is competency? Competency is the ability to believe in oneself. It is also a special feeling about one being in control of something. Honestly, adults are gaining competency in playing games either knowingly or unknowingly. I discover that there are so many things we don’t know we are gaining from things that we do.You can read about The solution to questions that may cross your mind before investing in NFT games by clicking here.

 There are activities in the game that are meant to establish or build some skills in adults. Gamers will be in a position for hours holding a mobile phone, trying to look out for strategies or tactics to win the game. By so doing, they are trying to master their skills. 

  1. Freedom and exploration: NFT games are created to give the players the ability to roam for free in a digital world. By playing NFT games, you will do almost everything in this virtual world. Furthermore, a level of freedom comes when one begins to break down levels or solve puzzles while playing games.

 I want you to know that there’s a reflection of all these things we are deriving from playing games in our daily activities. But the fact is that we might not know. If you spend a lot of time playing games, you will have the chance to explore both external and internal environments.

  1. Risk-taking ability: One of the best ways to develop the act of taking a risk with a strong mind of facing the consequences of one’s action is by playing games. For instance, if you are playing a game and you only have one minute to take a risk to move to the next level. There’s nothing else to do than to do take that risk. 

One thing about taking risks is that your heart will be so strong, and you will concentrate fully on the game you’re playing. You don’t want to lose, and you will have to take a risk. Honestly, it works! Therefore, some adults develop the act of taking a risk even in their business from playing some complex NFT games.

  1. Competition: Another benefit of playing NFT games to adults is competition. If you want to know what competition is all about, you need to search online for NFT games. Honestly, there’s a spirit that comes with competition. It helps every individual see themselves and concentrate on being declared the winner. All effort will be about you. While playing games, one will develop a unique spirit of competing and winning. You will have time to think about the strategies or tactics you need to outsmart other players. For instance, if you’re playing Gods Unchained, all that is in your mind is a unique way to outsmart your opponents. Games have helped adult women who are traders in a competitive market. They will carefully look into what to do to be at the top of the list.
  2. Memory: Have you seen adults in their old age responding quickly to issues even more than the youth? I have seen countless of them. One of the benefits of playing games to adults is responding rapidly without spending much time processing messages in their heads. I wondered how a man of 65 years could respond to life issues more than his son. Not only that, do you know your brain can be shifted from short-term memory to long-term memory via playing games? Of course, it is possible because virtually all games require critical thinking. If you want to play to earn in Axie Infinity, you must have the ability to think critically. Therefore, having a good memory is one of the benefits of playing NFT games to adults.

Final words

Dear reader, it is expedient for you to take note of this write-up. This article contains the benefits the adults derive from playing games like Axie Infinity, Gods Unchained, etc. Finally, I want to assure you that I am always open to receiving and answering questions regarding this topic. Therefore, please feel free to drop your question in the comment box. Also, your own might be in the form of contributions. Don’t hesitate to drop it.   

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The solution to questions that may cross your mind before investing in NFT games

Have you heard about NFT games? Then, are you willing to partake in it? If yes, you need to sit tight and shun every distraction right now. This article is what you need. It is normal for questions to cross your mind regardless of the source of where the information about NFT games comes from. Have you heard about NFT games from a friend, or have you come across some online information? Whichever way, I assure you that you will get something tangible as your back up here. At first, I also faced some challenges before investing in Axie Infinity. Therefore, please pay attention to what I will reveal to you here because I am writing from experience.

You might be wondering why I used the word “investment” in both the heading of this article and one of the sentences above. Trust me; if one wants to play NFT games successfully, one must look beyond calling it an ordinary game. Personally, for me, it’s an investment. If you see NFT games as an investment, you must stay focused and concentrate for real. There’s one spirit that follows investment. You, as an investor, will do all that is required of you because your aim is to make a profit. The same thing applies to NFT games. If you see it as a game, then one can feel reluctant. That is, there’s a tendency that one might not take it seriously. So, it is expedient for you to see NFT play-to-earn games as a real investment. And it’s indeed an investment. 

Remember, I said earlier that it is normal for you to think twice before agreeing to spend some money on NFT games. Perhaps, some questions are still in your mind, or you’ve thought if you should proceed or not. This article is here to guide you through. You don’t need to start thinking otherwise. I have been in your shoes, so I know some of those questions that may fill your heart. 

Dear reader, all you need to do is pay rapt attention and focus on what you’re reading presently. Thus, below are the solution to questions that may likely be troubling your heart about whether you should invest in NFT games or not;

Is the NFT play-to-earn game real?

No one can boldly say they didn’t think about this question before investing. Generally, we all know that games are formed to give us a better life and catch some fun. At first, no one is sure about the connection between cryptocurrencies and NFT games. So, it is normal for one to think twice before investing. I want to assure you that you will never regret investing in NFT games if you compete or play according to the rules and regulations of the game you choose to play. Either Axie Infinity or Gods Unchained, feel free to invest. You will never regret spending some of your money on this game. Visit http://gameroe.com/reasons-why-nft-gaming-becomes-popular-during-the-pandemic/ to read about Reasons why NFT gaming becomes popular during the Pandemic.

Will I earn a reward at the end of the day? 

Of course, you will earn your reward if you concentrate fully on the game. One good news about your prize is that it can be converted to real money. I have seen some people who invested and took some time to study how the game works, making it for real. No one will take your reward away. Your bonus is safe, and you can use them to buy some valuable things online. Therefore, your role is to be relevant in the game and get your reward. 

Will I overcome some of the challenges while playing?

The above question is a question that comes from fear. It came to me also. But I overcame it by believing in myself. It got to a stage where I had to start speaking positive things to myself. The winning must begin from the mind. In fact, I used to tell people that there’s nothing terrible in declaring yourself as the winner even before playing the game. I’m sharing this fact with you because it has worked for me several times. Therefore, the way to overcome the challenges that you’ll face while playing is to believe in yourself. Encourage yourself and be of good courage. 

How to pick the right play-to-earn?

This question is also common. And it is a good question one must ask oneself. You can fail if you want to play the online NFT game your friend is playing. Some online games require mathematical strength. So, it is advisable for people who know they are not sound in mathematics to seek another game. Then, the question is, how will one know the right and the best one to invest in? The only way out is to carefully spend time understanding the features of the game you’re playing before engaging in it. Please read the instructions carefully learn how it works. One can also go online to learn some tips about what the game one wants to play looks like. I am sure that you will get helpful information on search engines. 

Another step one can take is to ask questions from people familiar with the game. Of course, you can see some gurus online that will explain some facts and techniques about a particular NFT game. So, feel free to talk to people already in this game.

How can I get existing NFT games? 

There are countless NFT games online. I can vividly tell you that all you need is available online. Go to search engines like Google search for NFT games. You will see countless options to explore. Even if you want to know the source of those games, you will see materials online. I was shocked when I saw an article on upcoming NFT games in 2022. 

Final words

Dear reader, I hope you’ve found something unique. With the above-listed solution to some of the questions that may cross your mind, I think you are good to go. Nothing should stop you from investing in NFT games. Finally, I want to assure you that you’re free to ask questions regarding this topic. Please feel free to drop your question in the comment box if you have any. 

Continue ReadingThe solution to questions that may cross your mind before investing in NFT games

Reasons why NFT gaming becomes popular during the Pandemic

In 2019, there was a total lockdown in the world. The situation was brutal to the extent that people find it so hard to go to their place of work. This dangerous movement started in China, and it began to spread gradually. It was something so severe to the extent that everyone had to stay indoors for months. In fact, some places in the world are still battling with Covid19.

However, people that love to work all day have to think outside the box to figure out something unique that will keep them busy. Generally, gaming is an established platform among younger audiences. So, the urge to search for more games with excellent graphics began to increase since people were idle. Therefore, NFT games come into the picture with full force. Although NFT games have been in vogue even before the Pandemic, they become popular immediately after the lockdown. People began to seek something unique to wipe away time. I came across one of the NFT games during the PandemicPandemic. 

I was hoping to keep myself busy with one online game. I started doing some research, and I found NFT games. However, it took me a lot of time and effort to figure out what it entails. During the study, I saw something catchy. I saw NFT games that are free-to-play and play-to-earn. My eyes were on the free-to-play because something is going on in my head that the NFT games that are play-to-earn are only rewards that can be used within the game. So, I concentrated on playing Axie Infinity (F2P). To cut a long story short, I found something unique online one day. I came across an article about playing games and earning some money. Visit https://bltzr.gg/nft-games to read more about NFT games.

It was then I began to do thorough research about NFT games. Initially, if there were no lockdown, I wouldn’t have taken much time to think about some extraordinary things I could do during the PandemicPandemic. There’s no doubt about the fact that countless people out there also pass through something I was talking about. NFT games like Axie Infinity came into the limelight completely during Covid19. Before we dig deep into why NFT gaming became popular during PandemicPandemic, it would be nice to discuss the meaning of NFT games briefly.

What are NFT games?

NFT means non-fungible token. It is a token that is unique. NFT games are predominantly present on Ethereum and Binance smart chains. NFT games are games that have distinctiveness and exceptionality.

It is a digital, cryptographic token on the blockchain with an exceptional item. The non-fungible token has numerous use cases. NFT could be a digital asset in a game or a collectible piece of crypto art. Additionally, the non-fungible token could be a real-world object such as real estate. Non-Fungible Tokens has provided answers to the time-honored issues of forming decentralized digital collectability and proprietorship in a copy-paste.

Non-fungible Token games have been in vogue for several decades. It’s a game that virtually everyone loves to play because of some benefits and rewards attached to it. Recently, non-fungible games have been ruling the world regarding online games full of fun alongside a great tip. People often concentrate on the fun, and since the fun has been backed up with rewards, NFT games have become what people cannot do without.

Why NFT games during PandemicPandemic?

  1. Fun: During PandemicPandemic, people are locked down in their homes. There’s no chance to do their daily activities. So, people began to search for online games that would keep them busy and focused. The situation of the world then was so pathetic. The death rate was increasing daily. So, people need something that will switch their mood from the bitterness that is going on in the world. Is that not so where you are? Everyone had to look for something full of fun. However, some people resolved to watch comedy on their mobile phones while others had a pleasant time with their friends and family.
  1. On the other hand, some people found something different: NFT games. The fun they had while playing games like Axie Infinity, Gods Unchained, and the likes are beyond expression. I mean, no quality of writing can express the fun they had. With that, people began to inform one another about the uniqueness of playing these NFT games. Before you know it, NFT games become what people are talking about during the PandemicPandemic. Therefore, people’s fun from playing these unique games made it famous. Remember, the popularity is up till date. 
  2. Reward: The reality in the rewards one will get from playing these unique games also made it famous during the PandemicPandemic. When you hear about being rewarded while playing games, one will not take it seriously, which is normal. But the moment you heard about the relationship between these games and cryptocurrencies, you would have to think about it. In 2019, people were indoors making money. 

The spread of NFT games was a massive one during Covid19. In fact, the PandemicPandemic was the one that brought the likes of Axie Infinity and some other NFT games to the limelight. It is no more news that one can make it big via playing these games. All you need to do is to take the necessary steps. Register an account with any NFT games, follow the procedures and start earning.  

Closing thought

Dear reader, I hope you’ve seen the reason behind the popularity of non-fungible token games. Permit me to say that PandemicPandemic was a blessing to the world. This article pointed out the meaning of NFT games and why non-fungible token games became popular during Covid19. I said it because it was during this time people began to see something unique about some online video games. Finally, I want to assure you that I am always open to receiving and answering questions regarding this topic. Therefore, please feel free to drop your question in the comment box.  

Continue ReadingReasons why NFT gaming becomes popular during the Pandemic

Best Gaming Computer Desk 2019: (Updated Buyer’s Guide & Reviews)

For every professional gamer, getting the right gears both hardware and software for gaming is not enough. After all, you won’t just get them and place them on the floor or just about any surface at all. To a pro gamer, getting the right gaming computer desk in the right workspace is very important. This will help to make all the gears neatly stacked, arranged, and easily accessible to the gamer. It will also help him or she relax and feel comfortable without losing the competitive edge while playing games.

Finding the right gaming computer desk can be challenging since people’s taste varies in accordance with their budget. With that in mind, I have compiled a list of the best gaming computer desk for you to choose from depending on your taste and the amount you are willing to spend.

Wait: Check This Infographic Before Buying A Desk

Why You Need a Gaming Computer Desk

Playing video or PC games can be quite demanding. You use a lot of time and energy and we know that this can take a toll on you generally. So here are the reasons why you need a gaming computer desk:

Space

With the proper gaming desk, you will have enough room and space to operate. All your stuff will be arranged neatly so that you won’t accidentally spill your drink while trying to move your mouse about.

Good health

This largely has to do with ergonomics. Your gaming desk and chair should be comfortable enough so your body doesn’t ache as you will be sitting a lot while playing games.

Accessibility

Your gaming desk should have compartments to place your accessories and should be accessible enough for whenever time they might be needed.

Cabling

Sometimes, you might need a setup that requires more than one monitor and other gadgets. Getting a gaming desk that can neatly arrange cables is very important. It will make your workspace safe and tidy.

Style

Some gaming desks are just too flashy and stylish to ignore, whilst still performing the primary role of housing your PC and another gadget. They add beauty and color, giving you a certain confidence to compete.

Best Gaming Computer Desk I Picked In 2019

The best computer desk I picked for 2018 surely had to be the Walker Edison Soreno 3-Piece Corner Desk. This gaming desk has it all. It is L-shaped and doesn’t consume a lot of room space. It also doesn’t have drawers, hence making it less cumbersome and modern. What’s more, is that this desk can also be separated into two. Its surface is made of tempered glass, so strong that you won’t bother about scratching or breakage upon contact.VARIDESK Gaming Desk Pro Plus review
EUREKA ERGONOMIC 26-inch Sit-Stand Gaming Desk review
Best Gaming Computer Desk 2019: (Updated Buyer’s Guide & Reviews)
DXRacer DGD Gaming Desk Review
Atlantic 33950212 Pro Gaming Computer Desk Reviews
Arozzi Arena Gaming Desk Review
Apex Desk Elite Series 60 inch Gaming Desk review

How We Picked

  • Most people will be surprised that we chose this gaming desk above all else. This is due to the following factors:
  • In this modern era, your gaming monitor should be large enough to carry more than one monitor and house other accessories.
  • This particular one mentioned above can even be detached, and not all gaming desk has this feature.
  • I placed a lot of gadgets on its tempered glass surface and it did not buckle under their weight.
  • I also tested for style and design and realised that it wasn’t found wanting.

Best Gaming Computer Desk Of 2019

There is a lot of gaming desks in the market today, and finding the right one could be a herculean task. Getting the right one is highly dependent on a number of factors, depending on what the gamer wants. And that is what this post was made for. But before we take a comprehensive look at the best gaming computer desk of 2018, we want to take an exclusive look at the top 3 of 2018.

Top 3 Best Gaming Computer Desk Of 2019

Amongst others, these top 3 best computer gaming desks of 2018 are quite different. When we sampled opinions, we realized that a lot of gamers preferred them because of their style, design, workspace, ergonomics, cabling, and above all, price range. They deliver on all fronts and are quite different from the rest.

Tips for These Top Picks

For these three to be our top picks for 2018, I had to look at the size of the desk in comparison to the size of the room it has to fit into, how adjustable it is for the sake of ergonomics, the material with which it is made of, and of course their exquisite style and design. Now, allow me to introduce you to our top 3 gaming computer desks:

Atlantic Gaming Desk

This gaming computer desk was built for all multi-purpose functions. Though not having an L shape, it still is portable and will not consume a lot of space in your room.

About this Gaming Computer Desk

Some of its specifications are:

  • It has compartments for all your gaming gears. It can house your console, monitor, TV, laptop, speaker, and more. It even has dedicated holders for drinking cans.
  • The top is made up of a beautiful laminated charcoal-colored carbon fiber that can house a monitor as large as 32 inches.
  • It also contains a charging stand where you can plug in your mobile/immobile devices.
  • It contains more holders for your speaker, gams storage, controller, and headphones. It also contains an under-desk basket.
  • Has an efficient customer care service that attends to customer issues and fixes them, improving on their products and services in the process.

Something You Might Not Like

  • It does not come with a dedicated tray for your keyboard.
  • The speaker holders are quite small and might not be compatible with much bigger speakers.
  • Some could even argue that the cup holder should be at the right since most people in the world are right-handed.
  • The screws are kind of small, making adjustments quite challenging.

Something You Might Like

  • it is quite easy to set up and install.
  • By arranging your gear on it, you can customize the desk any way you want it to be.
  • It has more storage facilities with good cable management.
  • Since it is constructed with steel, it ensures more durability.
  • Can contain up to two monitors and still offer room for flexibility.
Bottom Line: This gaming desk is one of the sturdiest you can find available. It can hold a lot of weight and has incredible cable management. On top of all this, its price is quite affordable. So if you buy this desk, it’s actually a steal.

Atlantic 33950212 Gaming Desk Pro

This computer gaming desk is like a sequel to the Atlantic gaming desk, but with some added features. Some of the parts were being upgraded to suit the needs of a pro gamer. It still has the build, balance, and elegance of an Atlantic gaming desk, and the best part is that it comes with a budget price so you don’t have to break a bank to buy this one.

About this Gaming Computer Desk

Some of its important features are as follows:

  • It has compartments for all your gaming gears. It can house your console, monitor, TV, laptop, speaker, and more. It even has dedicated holders for drinking cans.
  • The top is made up of a beautiful laminated charcoal-colored carbon fiber that can house a monitor as large as 32 inches.
  • It also contains a charging stand where you can plug in your mobile/immobile devices.
  • It contains more holders for your speaker, gams storage, controller, and headphones. It also contains an under-desk basket.
  • Has an efficient customer care service that attends to customer issues and fixes them, improving on their products and services in the process.

Something You Might Not Like

  • It does not come with a dedicated tray for your keyboard.
  • Some gamers prefer large gaming desk. This one does not foot that bill.
  • It does not come with a chair.

Something You Might Like

  • It has a simple but elegant look and design.
  • By arranging your gear on it, you can customize the desk any way you want it to be.
  • It has more storage facilities with good cable management.
  • Since it is constructed with steel, it ensures more durability.
  • It is quite cheap and affordable.

PC Gaming Desk

For gamers who prefer to play over their laptops or desktops rather than using a gaming console, they will really need a gaming desk that will suit this purpose. Now, it might interest you to know that the gaming desk we are about to introduce has already been introduced earlier. We are talking about the one and only Arozzi Arena Gaming Desk.

Arozzi Arena Gaming Desk

As we all know, we have already done a review about this gaming desk. So for it to pop up once again shows how important this gaming desk is, especially to a PC gamer. It has an astonishingly flat surface that can stand more than one 32-inch monitor. You can also place your laptop and other gaming gadgets and gears on it so that you can really enjoy your game. Some of its best features are:

  • It is so wide it can accommodate as many as 3 monitors at the same time.
  • There’s still enough room for your keyboard and mouse to function in.
  • It comes with a dedicated mouse pad this is water-resistant and made of microfiber cloth.
  • It is available in different colors like black, white, red, green, and blue. Adding a different touch to your gaming environment.
  • The height and leg stands are fully adjustable to hold enough weight.
  • The top frame of this gaming desk is divided into three parts, hence making it easy to transport around.

Something You Might Not Like

  • Mid-level gamers might find it a little above their income level.
  • The manufactures still have some work to do with its cable management.

Something You Might Like

  • It has a good water resistant pad for your mouse.
  • It is fully adjustable.
  • Highly functional for a pro-gamer.
  • Routing for cable management is quite okay.
  • It is generally stylish and has a sturdy build.

Continue ReadingBest Gaming Computer Desk 2019: (Updated Buyer’s Guide & Reviews)