Nowadays, the value of digital crypto assets is increasing globally. Many people are also investing in NFTs. A non-fungible token or NFT is a cryptographic asset representing actual objects like art, in-game items, music, and more. The distinguishing of NFTs happens through their different identification codes and metadata. Also, they are stored on a secured blockchain network. So, there is a record of ownership of NFTs on a blockchain like Ethereum or Solana. NFTs are different from cryptocurrencies due to various reasons. Cryptocurrencies are fungible, and people can exchange them for one another. For example, one Bitcoin is equivalent to another Bitcoin.
On the other hand, people cannot exchange NFTs at equivalency. People earn money through NFTs in various ways. Many people mint their NFTs on marketplaces and then sell them for actual money. The value of an NFT depends on its demand among the people. Many artists and content creators are selling their digital work as NFTs. They are getting good money. Celebrities and companies have sold their NFTs for charity. You can also do NFT farming to get more profits. In this article, you can check details for NFT farming and how it is present in the gaming sector:
Yield Farming
Now, yield farming is also getting more popular among the people. Yield farming refers to staking or lending your crypto assets for earning returns. You can also put your cryptocurrency in a liquidity pool to generate more profits. Now, people do not depend on only selling their crypto assets. They also stake or lend their cryptocurrencies to earn returns. It works similarly to the interest rate people earn on a savings account at a bank. People can bet their cryptocurrencies on a blockchain. Stakeholders get rewards for confirming transactions on the blockchain.
Also, you can become a lender and earn interest from borrowers. People can become liquidity providers for a decentralized exchange such as Uniswap or Pancakeswap. Also, yield farming happens for the non-fungible tokens. You can lend or stake your NFTs to earn more money. Many people are in the yield farming of the NFTs that they gained through play-to-earn games. There is plenty of scope for yield farming in the gaming sector.
NFT Farming Through Play-To-Earn Games
Nowadays, many people enjoy play-to-earn games and win many rewards. These games are different from traditional ones as you can earn cryptocurrencies and NFTs through these games. You have to finish various missions and participate in quests to get these rewards. PTE games allow the players to receive valuable NFTs as per their performance. These NFTs represent in-game items like characters, skins, weapons, and more. Now, you can also do NFT farming related to the gaming sector. People have the opportunities to lend or stake their gaming NFTs to earn more profits. This NFT farming is the perfect way to raise the rewards of the participants and keep them hooked in play-to-earn games.
You can stake your NFTs within the PTE gaming platforms to earn yields. Also, gamers can give their NFTs to other players on rent. NFT farming is the best way for the players to earn more rewards through play-to-earn games. Before NFT farming, you have to start playing a PTE game and win more rewards. You can also join a gaming guild to enter the play-to-earn gaming industry. After that, you can stake or lend your in-game rewards for returns. People can start playing PTE games like Axie Infinity or DeltaTime.
NFT Farming Ecosystem
You can also find some platforms to enter an NFT yield farming ecosystem. A platform like 99Starz is perfect for gamers to receive profits through play-to-earn games. They promote a play-to-earn game model through NFT renting and guilds creation. You can also lease your NFTs through this platform. 99Starz allows the players to create or join gaming guilds. You can start playing a play-to-earn game easily and earn NFTs by entering a gaming guild. This guild has professional players who know everything about the game. So, you can take their help to win rewards through PTE games. Also, you have to share your rewards with them.
The NFT yield ecosystem of 99Starz has masters, captains, and players. People need STZ tokens to join a gaming guild. Also, you can rent NFTs through 99Starz. If you cannot afford NFTs to join a blockchain game, you do not need to worry. Players can use STZ token to rent an NFT from the 99Starz multi-million dollar NFT vault. Players will get NFTs for DeltaTime, Sorare, Axie Infinity, RevvRacing, and more. The mission of 99Starz is to make players enter the gaming metaverse and earn rewards by playing blockchain games. You can also check 99 Starz crypto lightpaper to get more information.
STZ Token
STZ token is the utility token of 99Starz. This token is for sharing rewards, leasing assets, or gaining knowledge about PTE games. Also, this utility token has a fixed supply of 99 million coins. Players can rent anything from the 99Starz NFT vault through the STZ token. This token helps the players rent the NFTs for blockchain-based games like DeltaTime, Sorare, Axie Infinity, RevvRacing, and more. The gaming guilds of the 99Starz share rewards in the form of STZ tokens.
STZ tokens also enable players to access valuable knowledge through game specialists, tutorials, and community forums. You can join the 99Starz academy if you have the STZ tokens. STZ holders will have special access to the 99Starz marketplace. If you want to increase your rewards through play-to-earn games, you must have STZ tokens. You will get the required NFTs and the knowledge to start the play-to-earn games through these utility tokens.
Conclusion
So, NFT farming is the new way for gamers to increase their rewards. They can stake or lend their in-game NFTs to get returns. Other players can take NFTs on rent to start playing PTE games. Also, you can enter an NFT yield farming ecosystem through platforms like 99Starz.