Create a cryptocurrency wallet and connect to an exchange. Make sure you have a cryptocurrency wallet (such as MetaMask or Trust Wallet) that supports ERC-721 or ERC-1155 (for Ethereum) standard tokens. Connect it to the selected NFT trading platform.

Select a platform to sell NFT. Choose the exchange or marketplace where you want to place your NFT. Each marketplace has different commissions and conditions for trading.

Transfer your NFT to the selected platform. Go to the “Your Assets” section of the exchange and select the “Sell” or “Transfer” option. Enter the contract address of your NFT and confirm the transaction via your cryptocurrency wallet. Make sure you have enough funds to cover the gas fees (for Ethereum).

Customize the parameters of the sale. Specify the desired price and the method of sale – fixed price or auction. If necessary, select the time to finalize the transaction and additional parameters such as royalties.

Confirm the listing and put it up for sale. Verify all details and confirm the listing through your wallet. Your NFT will then appear on the platform and be available for purchase by other users.

To sell NFTs or cryptocurrencies, it is very important to choose a reliable platform. It is optimal to sell the assets you earn in games on cryptocurrency exchanges. We have selected the best crypto exchanges that are reliable and offer favorable conditions.

What should beginners and experienced crypto-enthusiasts consider?

For beginners, it is important to consider basic aspects: study the economics of the game, start with simple and straightforward projects and avoid games that require initial investments. It is important to work with trusted and secure cryptocurrency wallets such as Metamask and use safe platforms to purchase assets.

Experienced players should focus on analyzing new projects, investing in new early-stage offerings and properly managing their NFT portfolio. This will help minimize risks and increase returns.

The post How do I get the NFT listed on the stock exchange? appeared first on Adroverse.

• NFT sales. NFT rewards can be sold on crypto exchanges or specialized marketplaces. The more unique and functional the game asset (avatar, item or object) is, the higher its market value;
• Stacking. Many decentralized games have the functionality to generate passive income through steaking or farming. Blocking tokens for a certain period of time while participating in such mechanisms will provide you with rewards in tokens or other valuable assets;
• Participation in tournaments and competitions. Some projects reward participants in group or individual competitions. Here, experienced gamers can earn substantial profits for winning events with high stakes and numerous participants;
• Affiliate and referral programs. Here, basically, the classic scheme “bring a friend and get a bonus” works;
• Investments in blockchain game tokens. Investing in the tokens of projects, in the prospects of which you are sure, you can get a decent income. Investing in successful projects in the early stages will bring the highest returns;
• Content creation. Creative people with certain skills, particularly in design and programming, can earn money by developing new characters or other game components for sale.

The future of gamification with blockchain

Despite the fact that decentralized games are still very young and imperfect, the impact of blockchain on the gaming industry cannot be avoided. The potential is too great. And the integration of blockchain technology with exciting gaming practices and the concept of meta-universes will bring the best results.

Let’s take a look at the trends that await us in the foreseeable future:

• The development of metavillages. The concept of virtual worlds accommodates interactive virtual game spaces connected to the real world and interacting based on blockchain technology;
• Increasing gaming community. A fair and democratic gaming environment, where the ultimate beneficiary of the process is the user and not a third-party centralized corporation, will attract more and more users. Players will realize all the benefits of getting a fair return from games;
• Emergence of new tools for making money. As the ecosystem evolves and new genres are created, the list of scenarios for generating income will expand;
• Increased competition. The largest traditional studios, which have so far kept themselves apart, will feel the potential of blockchain and begin to integrate decentralized tools into their projects.

The post How to make money from blockchain games appeared first on Adroverse.

Scalability and transaction costs

Many blockchain games run on networks like Ethereum, which can experience congestion and high transaction fees during peak hours. This can make the game expensive for users with limited budgets. Solutions such as sidechains and layer 2 networks are being developed to address these issues.

Complexity for new users

Setting up a wallet, buying cryptocurrencies and understanding the mechanics of NFT can be overwhelming for newcomers. Games need to improve the user experience to make them more accessible to the general public.

Cryptocurrency volatility

The value of rewards in “play to earn” type games is often tied to the volatile cryptocurrency market. This can lead to volatile returns, which can deter some players from fully participating.

Balance between fun and profit

Finding the right balance between entertainment and earning opportunities is critical. Some games risk turning into simple “rip-off” challenges, losing the fun factor that initially makes the game enjoyable.

The post The challenges of blockchain gaming appeared first on Adroverse.

1. Buying NFTs: What to Look For

A. Research the Project
Before purchasing an NFT, investigate the project thoroughly. Look into:

• Developer Team: Are they credible and transparent?
• Community: Does the project have an active, engaged community?
• Roadmap: Are there clear goals and future developments?

B. Evaluate Rarity and Utility
NFTs derive value from their rarity and utility. Limited-edition items or those with in-game benefits tend to hold higher value. Use platforms like Rarity.tools to analyze rarity scores.

C. Check Market Trends
Monitor NFT marketplaces like OpenSea, Rarible, or Magic Eden for price trends. Avoid emotional buying during market hype; patience often leads to better deals.

2. Selling NFTs: Maximizing Profit

A. Choose the Right Time
Timing is everything in the NFT market. Consider these factors:

• Market Sentiment: Sell during bullish trends when demand is high.
• Project Milestones: Major updates or collaborations can increase demand for a specific NFT collection.

B. Set a Competitive Price
Price your NFT based on its rarity, demand, and comparable sales. Use tools like Nansen.ai to analyze sales data and ensure your pricing aligns with market trends.

C. Leverage Social Media
Promote your NFT on social platforms like Twitter, Discord, and Instagram. Engaging with niche communities can increase visibility and attract potential buyers.

3. Storing NFTs: Keeping Your Assets Safe

A. Use a Secure Wallet
Store your NFTs in a non-custodial wallet that offers robust security features, such as:

• MetaMask: A widely used browser extension for Ethereum-based NFTs.
• Ledger: A hardware wallet that keeps your private keys offline for maximum security.
• Phantom: Ideal for NFTs on the Solana blockchain.

B. Enable Two-Factor Authentication (2FA)
Wherever possible, enable 2FA for an added layer of protection. This makes it harder for hackers to access your wallet.

C. Beware of Scams
The NFT space is rife with phishing scams and fake links. Always double-check URLs, and avoid clicking on suspicious links sent via email or Discord.

D. Backup Your Wallet
Write down your wallet’s seed phrase on paper and store it in a secure location. Avoid saving it digitally to prevent unauthorized access.

4. General Tips for Long-Term Management

• Diversify Your Portfolio: Don’t put all your resources into a single NFT or project. Spread your investments across various collections and blockchains.
• Stay Informed: Follow NFT influencers, read whitepapers, and stay updated on market news.
• Avoid Overleveraging: Only invest funds you’re prepared to lose. The NFT market is volatile, and overextending can lead to significant losses.

Managing NFTs requires a blend of due diligence, strategic planning, and secure storage practices. Whether you’re an avid collector, a gamer earning through play-to-earn platforms, or an investor eyeing the next big project, these tips will help you navigate the NFT ecosystem with confidence.

The post Asset Management: Tips for Buying, Selling, and Storing NFTs appeared first on Adroverse.

These are “hot” type wallets with a connection to the Network. With their help, you can conveniently and quickly carry out operations with funds, but they are more vulnerable to attacks of intruders. Therefore, it is better not to place large sums on them.

Trust wallet

This cryptocurrency wallet is useful for working with coins from the Binance exchange, but it is also compatible with a wide range of other currencies. For security, you can use two-factor authentication, Google authorization, and verification via SMS or email. Trust Wallet places most of its currency on cold storage servers, from where it is quite difficult to steal funds.

You don’t need to pay commissions for either the wallet or currency exchange. But a percentage of transactions on blockchain networks is charged. Through Trust Wallet, you will also be able to exchange cryptocurrencies and for that, you don’t need to transfer them to any third-party platforms. With Wallet Connect, you can link your wallet to sites integrated with it and quickly log into accounts or confirm transactions.

Exodus

The multi-currency wallet is available as an application for computers, browser extension and in mobile format. Exodus has a user-friendly interface and is suitable for beginners. It supports hundreds of cryptocurrencies and allows not only storing, but also buying, selling and exchanging funds. There is no commission for using the wallet – only for transactions with funds in blockchain networks.

Exodus can be linked to the Trezor hardware wallet, which will secure large cryptocurrency holdings.

MetaMask

MetaMask is available as a browser extension and mobile app. Through it, you can interact with almost all popular blockchain-related programs and websites. The wallet is rather limited in the number of supported networks. Among the popular ones are Ethereum, Polygon and Avalanche. For example, you can’t store Bitcoin on it.

Atomic Wallet

Atomic Wallet supports more than 300 currencies and tokens. The service offers not only a wallet for storage, but also purchase and exchange of funds. To work with it, you can use a program for Windows, macOS and Linux, as well as a mobile app for iOS and Android.

To track exchange information, there is a section with cryptocurrency price monitoring, which displays the current exchange rates and a graph of changes for the week. The developers do not collect user data, and a 12-word seed code is used to restore access to the wallet. With Atomic Wallet, you can earn passive annual income from staking by storing funds in several types of coins. Currency placement is available in the Staking section.

Jaxx Liberty

Jaxx Liberty supports dozens of cryptocurrencies – Bitcoin, Ethereum, Litecoin, Dogecoin and many others. The wallet works on Android, iOS, macOS, Windows, Linux and in Google Chrome. All private data is stored locally on the device.

In the app, you can accept and transfer funds, check transaction history, and exchange currency. Jaxx Liberty also offers to track and compare changes in the value of popular coins over different time periods – from an hour to a month. In addition, a section with trends and the latest news in the field of cryptocurrencies is available.

MyEtherWallet (MEW)

MyEtherWallet, or MEW, is one of the most popular and reliable services for working with the Ethereum blockchain. With its help, you can accept and send funds to your account, exchange currencies, and earn passive income through staking.

When opening a new account, all processes are executed locally. Private keys and passwords are stored only on the user’s devices. For greater security, MEW can be linked to hardware wallets and store funds on them in a “cold” state. The service is available via mobile apps for iOS and Android, as well as via an extension for Google Chrome.

The post Best software crypto wallets appeared first on Adroverse.

Connecting the wallet. To interact with any NFT platform, you need a cryptocurrency wallet, such as the Trust Wallet browser extension. You then need to go to the chosen platform, such as OpenSea, and find a way to connect your wallet.

Creating your first NFT. Once your wallet is connected, you will have the option to create your first digital collectible. You will be prompted to upload a digital file, describe it, and provide other necessary information such as the blockchain on which your NFT will be hosted. You will then be able to release your NFT. This will incur a gas fee, so you should have the appropriate amount in your wallet.

Putting your NFT up for sale. After issuing your NFT, you can put it up for sale using the appropriate function on the platform of your choice.

An NFT issuance transaction using a smart contract is different from a normal wallet-to-wallet transfer transaction. It is often more expensive. It consumes more resources to store data than a normal transfer. On most modern blockchains this cost is usually very low, but on the Ethereum network it remains relatively high. To reduce the fee, it is recommended to create NFTs during low traffic periods when network utilization is minimal. You can also use techniques such as lazy minting, where the issuance of the token is paid for by the buyer.

There are several trading platforms where NFTs can be issued. Among the most popular are the following:

OpenSea

OpenSea is the largest and most reputable marketplace where you can buy and sell all kinds of NFTs from the categories of art, photography, sports and music, as well as many other types of digital collectibles. OpenSea supports several blockchain networks including Ethereum, Klatyn and Polygon.

Rarible

Rarible is a leading marketplace for rare sports and multimedia NFT collections with low gas fees and a small carbon footprint. The platform has its own token called RARI. Currently, Rarible only supports Ethereum, Tezos, Polygon, and Immutable X.

SuperRare

SuperRare is an NFT marketplace positioned as an art gallery and focused primarily on the interests of creators. As a consequence, most NFTs on this platform are works of art rather than memes. The Ethereum network is used to issue and trade NFTs on this marketplace.

The post Your first digital creation: how to create an NFT appeared first on Adroverse.

How to make money with NFT games

Digital Asset Acquisition (NFT)

In play-to-earn games, players can acquire digital assets, such as characters, items, or plots of land, which are non-fungible tokens (NFTs). These NFTs have unique characteristics and value.

Participation in game mechanics and quests

Players can participate in various game mechanics, quests, and competitions within the game. This can include battling other players, completing quests, exploration and trading.

Earning in-game currency and rewards

Players can earn in-game currency or other resources for successfully completing in-game tasks and achieving certain outcomes. These rewards can be used in-game to upgrade characters, purchase new items, or sell them on the in-game marketplace.

Selling or exchanging in-game assets

Players have the ability to sell or exchange their in-game assets, including NFTs, on the in-game marketplace or on external platforms. The price of assets may vary depending on supply and demand, rarity or popularity.

Exchanging game currency for real money

One of the key features of play-to-earn games is the ability to exchange earned game currency for real money. This can be done through platforms that support such transactions. Players can sell their in-game assets or exchange in-game currency for cryptocurrency, which can be exchanged for fiat money.

Risks and limitations

When playing play-to-earn games, there are certain risks and limitations to be aware of:

• High NFT market volatility – NFT and gaming asset prices can fluctuate significantly and are subject to the volatility of the cryptocurrency market. This can result in a loss of value for your purchased assets;
• Fraud and insecure platforms – in the play-to-earn gaming industry, there is a risk of encountering fraud and the use of insecure platforms. Some scammers may try to sell fake or illegally obtained assets. It is important to be cautious and use trustworthy platforms to buy, sell and exchange assets;
• Dependence on playtime and resources – play-to-earn games may require significant investments of time and resources to achieve meaningful results and earnings. Dependence on playtime may have an impact on your personal life and other aspects of your life;
• Access Restrictions and Geographic Limitations – Some play-to-earn games may have access restrictions or may not be available in certain geographic areas. This may limit your ability to earn and participate in the game;
• Need for updates and game changes – play-to-earn games may require constant updates and changes to remain relevant and attractive to players. This can impact the stability and availability of game assets.

It is important to remember that risks and restrictions may vary depending on the specific game and platform. Before participating in play-to-earn games, it is advisable to thoroughly understand the rules, read community reviews and recommendations, and be prepared for possible financial and time investments.

The post How to make money on NFT games appeared first on Adroverse.

How NFTs function in games

In addition, thanks to blockchain technology, NFTs provide transparency and security of transactions, as well as protection against counterfeiting and interference from game developers.

Benefits of using NFTs in games

The use of NFTs has a number of key advantages. First, it opens up the possibility of creating unique and rare game items and characters that can become not only a valuable asset for collectors, but also the basis of complex game economies.

Second, NFTs foster the engagement of the gaming community. Owners of unique digital objects can actively participate in trading and exchanging game items, and thanks to blockchain technology, this process becomes more transparent and secure, which increases player trust.

In addition, the use of NFTs creates additional revenue streams for both players and developers. Players can earn from the sale and exchange of their unique game assets, and developers from commissions from trading or selling new items.

Finally, introducing new and unique NFTs helps lengthen the game’s lifecycle: developers can regularly update the game and add new content and items, keeping players interested for a long time and contributing to the game’s popularity.

Possible problems associated with the use of NFT
Despite the many benefits, there are also some challenges associated with using NFT.

Advantages of using NFT in games

First, the NFT market is prone to speculation, which is often the main reason for sudden changes in price performance and instability in the economics of game assets.

Second, the use of NFT has environmental implications, as some blockchain platforms used to create and exchange tokens consume huge amounts of energy.

Third, despite all the security of a distributed ledger, there is still a risk of counterfeit assets and fraud cases, which could undermine trust in the system and negatively impact the gaming economy.

In addition, as with any other online facility, there can be technical issues and glitches that can make it difficult for players to access or fully utilize NFTs in the game.

Finally, the use of NFTs is not fully regulated in most countries. There are still gaps in aspects such as intellectual property protection, taxation and dispute resolution. Appropriate legal and regulatory mechanisms need to be developed to ensure fairness in the use of NFTs.

The post NFT mechanisms in the context of the game industry appeared first on Adroverse.