Why you'd rather not play NFT games

By yanis | little crypto guides | 30 May 2023

NFT games sound like a great opportunity on first onboard : buying a NFT, getting rewards on every win/fight. But, is it really heaven ?

Onboarding process

In order to play these games, you will have to purchase a NFT representing your fighter (Walken), your sneaker (StepN) or whatever is needed in game.

Some games, such as walken, give you a free fighter, BUT they will require you to buy one in order to cash out your rewards.

Gameplay

Once you own a NFT, you will be able to earn rewards in project's native token (WLKN for walken, GST for StepN...), which the game incentivizes you to reinvest (improving your character, unlocking new items...).

Please note that most logic occurs off-chain (only asset transfers actually occur on-chain)

The actual trap

If you have carefully read the previous paragraphs, you should've noticed 3 things :

you have to buy a NFT in order to play
you're paid in monopoly money
they can change the off-chain rules

Thus, if monopoly money crashes OR the rules change in a very unfavorable way (like dropping rewards to zero, or keeping you from withdrawing), you would basically be left with your eyes to cry and a souvenir NFT.

You may be tempted to sell your NFT, but you'll soon realize other players had the exact same idea, leaving you with no ability to sell it.