How to Monetize Your Gaming Activities

Making Money as a Gamer

The global gaming industry’s worth in 2021 was $201 billion, it is expected to grow and become about US$ 435 billion by 2028. There is a lot of money to be made as a game developer and game publisher and distributor. Interestingly, gamers can also get a slice of the pie.

Here are some of the ways to make money as a gamer.

Play-To-Earn Games: One of the common ways of making money by playing games is to play Play-To-Earn games. These are basically blockchain-based games that allow you to earn NFTs and crypto tokens through game activities.

Game Streaming: Twitch was basically launched as a video-sharing platform for gamers. You can stream your gameplay and make money on Twitch. However, Twitch is not the only platform that allows you to make money by streaming games, you can also do it on Youtube, Facebook, or even TikTok.

Sponsorship: If you are a gamer who regularly shares game-related content on social media and has a huge following, you can earn from sponsorship. Businesses will pay you to promote their products and services.

Tournaments: This is another popular method to earn from your gaming activities. You can play in the tournaments and win a cash prize. Tournaments are regularly organized by various game publishers.

Making Money From Play-to-Earn Games

One of the interesting developments in the blockchain is the Play-to-Earn Games. Unlike traditional games where you cannot directly make money from the games, Play-to-Earn Games are the games that allow you to make money while playing the game. These games are NFT and crypto token-based games where you earn NFT and crypto tokens.

There are two types of Play-to-Earn Games, one, free-to-play games, and two, pay-to-play. Free-to-play games can be played without spending any money, yet you can make money through your game activities.  Pay-to-play games require you to spend money, you will have to first buy NFT and then. These NFTs are like a game pass. Once you have the required number of NFTs you can start playing the game. As you play the game, you also collect more NFT and game tokens that you can convert to real-world currency.

Axie Infinity is one of the most popular Play-to-Earn Games, however, it is a paid game, you need to spend about $200 to buy Axies (NFTs) in order to play the game. However, if you continue to play and progress in the game, you can not only recover your investment but also make a lot of money.

The Sandbox is a decentralized blockchain-based Play-to-Earn Game. You can earn NFTs and Crypto tokens.

How to Make Money From the Metaverse Game

Blockchain technology has truly revolutionized the world, one of the major evolutions within the blockchain sphere is the metaverse, which is a virtual world where you can do real-life activities such as working, making money, playing games, watching concerts, building things, a house for example and create your whole new world.

Since the metaverse is a digital copy of our world, just like in the real world, you can also make money in the metaverse. Here’s how you can make money from the metaverse.

Play Play-To-Earn Games: A lot of metaverses were originally launched as Play-To-Earn games, a lot of metaverses have Play-To-Earn games as their main attraction. You play games and you make money from your gaming activities. When you play these games, you earn tokens and NFT. You can also create and collect NFTs while playing the game. You can sell these tokens and NFTs and make money.

Invest in metaverse tokens: If the Play-To-Earn game is not your forte, you can start investing in metaverse tokens. The metaverse tokens have a huge value and potential because these are powered by the metaverse, and thus have a lot of use carefully.

Invest in virtual land: Virtual real estate is also one of the major characteristics of the metaverse, start investing in virtual land and buildings.