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Invest in an NFT game or in the token?

With the NFT boom, it has become common for people to invest in this type of game.

Andy Vilchez
5 min read
Invest in an NFT game or in the token? – Cryptocurrencies – WebMediums
Some NFT games out there.

There are many NFT projects that have appeared in the last few months, and it has turned out to be a scam. Just as there are some that have been a success that have given players a good amount of money.

All this has made many people wonder if it is really still worth investing in NFT games.

Today we are going to analyze this a little more in depth. This way you will be able to make a decision on your own.

Why invest in an NFT game?

Invest in an NFT game or in the token? – Cryptocurrencies – WebMediums
Axie Infinity, the longest running NFT game to date, running since 2018.

We have already touched on this topic before, so I will try to be as brief as possible. NFT games are a form of investment in which to put an amount of money to buy characters or items to start playing.

As you play, you get tokens that can be used to reinvest, or you can withdraw to recover your investment.

There are some games that can be very good and give you a fixed return, however, you must know how to choose well.

In general, NFT games usually have a few months to live and that depends on their own economy, since some can take weeks.

NFT games are a pyramid scheme, meaning they stay afloat as long as there are new investors. As long as the flow of investors is maintained, the game will continue to function, however, when it is cut off, the game will inevitably die.

Unfortunately, not all developers are capable of sustaining an economy like this, as it is highly volatile. There are some games that can be at the top and from one day to the next they end up falling.

An example of this was Cryptomines, a game that was at the top giving a very good return for about three months. At its peak, the token was priced at over $700.

Although it seemed like a game that would last a long time and could survive, it only took a collective panic for the game to die in 5 days.

Why invest in a game token?

Invest in an NFT game or in the token? – Cryptocurrencies – WebMediums
Investing in NFT tokens can be a good option if you know how to do it.

On the other hand, we have the token that each of the games has, investing in it has its risks, since in the world of cryptocurrencies there is great speculation.

When an NFT game or project is launched, especially if it has a certain reputation, it is a great opportunity to earn a good income. Some coins can easily multiply their starting price, which can be a good investment.

However, if you do not have much experience in the market, this can work against you, since when buying in the public token sales (IDO) you may end up buying at the highest point and end up losing money.

This is because there is always speculation in token exits, that is, it is normal for a token to multiply its price in a matter of seconds. After that, the token stabilizes at a price and three things can happen, it goes up, stays or goes down.

Another option to invest in tokens is to participate in presales, in which the token is usually sold at a low price. This is done in order for the project to obtain funding before it is publicly listed.

However, before investing in a token you should review the whitepaper, as some may be vested for several months. This means that you will not be able to sell your tokens until the stipulated period has passed.

Which is the best option?

Invest in an NFT game or in the token? – Cryptocurrencies – WebMediums
Invest in NFT or invest in tokens?

You already know both investment methods, now you are probably wondering which is the best option. The first thing you should be clear about is that regardless of what you choose, this is a risk.

Investments in cryptocurrencies are risky, regardless of whether it is an NFT game or a token. In either case you can end up losing your money. That is why it is always recommended investing only the money that you are willing to lose.

It is very important that before venturing to invest money in this sector, you thoroughly investigate each of the projects. Get to know their whitepaper, get to know the developers and the comments and evaluations of the community. This way you can get a better idea of whether it is really worth investing in them.

In any case, at the end of the day the decision is all yours, if after an investigation you decide that it is a good idea to invest in the sector well. If you are not sure about your investment, it is best to walk away and look the other way.

Este artículo está también disponible en español
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Go to the profile of Andy Vilchez

Andy Vilchez

Member since 4 months

Amante de la tecnología y los videojuegos. Aficionado a la criptomonedas y todo lo relaciona con ellas. Me encanta escribir y se ha convertido en mi pasión.

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