What Is a Play-To-Earn NFT Game? All the Ways You Can Earn Through Monsters Clan
NFTs are immutable, irreplaceable digital assets that, as of late, have experienced market growth unlike anything we’ve ever witnessed. While their use-cases began as digital art pieces, they quickly integrated themselves into areas such as asset preservation, music, live events, and even blockchain games. This last harmonious union has sparked an entirely new gaming market in which players participate in play-to-earn economies that reward them typically with a platform’s native token and, you guessed it, NFTs.
The Mechanics Behind NFT Games
Unlike holding regular cryptocurrency in a DeFi wallet, a play-to-earn NFT game will implement these digital assets into their gameplay and storylines. In many cases, the NFTs found in games are important tools that players utilize to win competitions (a.k.a. battles) against other users, which improves their ranking and earns them more rewards. Players also have the option to trade, sell, and in the case of Monsters Clan. rent these NFTs within the gaming ecosystem.
How to Earn by Playing Monsters Clan
The utility of the Monsters Clan token $MONS and in-game NFTs are geared towards one underlying purpose: To provide community members with a variety of ways they can earn and truly be a part of a thriving and self-sustaining gaming economy.
Battle for Riches
Monsters Clan lets players duke it out in exciting battles and tournaments that reward winners with $MONS and gems, which are the main currencies of the Monsters Clan ecosystem. Winning battles can also earn players more NFTs that can help strengthen their monsters for future confrontations. Thus, it’s crucial to make sure your monster is well fed and has a diverse arsenal to keep chalking up those wins and ultimately, beef up your wallet.
Players also have the option of selling the NFTs they earn to other players within the Monsters Clan ecosystem and also on the broader NFT marketplace as well.
Rent Your NFTs
Players that amass a large enough collection of in-game NFTs don’t just have to keep stocking their shelves. Monsters Clan’s features a renting option that players can utilize to put their NFTs to work for them by renting their NFTs to other players. Once the transfer has been made, the NFTs are locked and cannot be sold, but only utilized for the purpose they were created for. Once the renting period has ended, the NFT is returned to its original owner.
While renting is a great way for players to earn passive income, it also benefits another category of gamers. Newcomers to DeGaming may be apprehensive to commit to a platform simply because they’re unsure of this new concept or are held back due to having limited capital. Monsters Clan’s renting feature allows them to participate without a long-term financial commitment, so they can get a feel for the fun and excitement we offer — much like test driving a new vehicle or a “try before you buy” system.
Earn NFTs Through Staking
By staking $MONS tokens in our liquidity pool, players can earn rewards that range from gems to potions, and even new fighting monsters. As seen in the chart above, staking requires a minimum of 3,500 $MONS and a maximum of 35,000 $MONS. Rewards are issued each month and stakers are automatically entered into NFT lotteries.
Why Current NFT Games Fail Players
Unfortunately, the current selection of blockchain games makes it difficult and confusing for new players to enter the space. The barriers they pose make DeGaming seem like an elitist club, accessible only to those who have extensive knowledge of blockchain and DeFi. Further, many of today’s games fail to reward players adequately enough to make their time and financial investment in the game profitable. This does little to encourage new players to warm up to NFT gaming, and even forces some players to leave the space altogether.
Welcoming All Players to the Monster Clan Ecosystem
Monsters Clan enables gamers of all experience levels to enjoy an innovative and entertaining platform that combines traditional gaming concepts with the opportunity to earn NFTs, tokens, and other assets with real market value. We are constantly developing new ways to heighten the user experience and create new ways to reward our community for their support and participation. Stay tuned to our social channels to stay updated with the latest Monsters Clan news.
Follow Monsters Clan
Website: http://monstersclan.com/
Twitter: https://twitter.com/_monstersclan
Telegram Channel: http://t.me/MONS_Ann
Telegram Group: http://t.me/MONSofficial
Linkedin: https://www.linkedin.com/company/monstersclan
Medium: https://monstersclan.medium.com/