On NFT games the asset value is only based on what we hold inside the game
Holding plays a vital role in the crypto world. Holding used to be a very popular term for fungible coins. But these days when NFT is also getting famous, holding becomes vital even for NFTs. There are many games and projects that increase our profile worth if we hold or keep the NFTs staked. This is a way to make people invested in some projects. But as long as the project stays intact for the long run, it isn't going to be a problem.
When we are playing a game and hold a lot of NFTs inside the game, the value of those NFTs comes from the rarity of the NFTs and is also based on the demand and supply. Some NFTs can be a common one but if there is a huge demand for the same and if not many people are willing to sell that NFT, it will obviously have a high value in the market in spite of it being a very common NFT. So trading plays a vital role in determining the price of an NFT.
Need NFTs to grow inside a game
If we want to grow our profile inside the game and increase the earning opportunity inside a game, we should be investing in NFTs. The more NFTs we have in the game, the faster we can grow in the game. It is not a mandatory requirement but if we do it, we will be able to see considerable growth in a very short time.
Rising star is one such game that can be taken as a good example. Today I'm able to make around 3 dollars per day by playing this game. The rewards are of course in the form of Starbits token and the price of starbits is also variable. But I personally believe that it makes me earn around 1 - 2$ on an average in a month. This is pretty good and also keeps increasing because I invest a lot back into the game itself. It is either my asset in the game that grows or the returns from the game grow.
NFT staking rewards are great
Some games demand us to stake some of the NFTs we receive. There is a facility to stake NFTs and receive a reward for that. It is purely dependent on the project. By doing this, the project owner will create a lock on the NFTs and make sure it is not sold cheap in the market. People will also be interested to stake the NFTs because they receive rewards for the same. Initially staking was something popular only for Fungible tokens. Later now after NFTs got popular, people started using the staking mechanism on NFTs as well.
People also find NFT mint numbers worthy
Mint number is a big thing for some people. Especially I have seen this on WAX. People purchase low mint numbers for a very high price. I guess it is just for pride or something but this concept doesn't make sense to me or maybe I'm not the right person to judge this because I don't care about the mint numbers. Another possible reason could be the fact that we don't care much about mint numbers on Hive. I saw this to be a great thing only on the WAX chain.
I was contacted by a few people on discord. They wanted to get some low-mint number cards from me for a better price. It was Rising Star cards. That is when I came to know that mint numbers mattered a lot for some people and they wanted to collect low mint number cards for some reason. As long as the demand is created, it is going to be good for that particular card I would say.
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