CHAMPS Training Camp: Day 2, Play-to-Earn & NFT’s Made Simple
Having reviewed the basics of Crypto and the Blockchain in our last article, let’s dig a little bit deeper, into the world of Play-to-Earn games and NFT’s.
What is Play-to-Earn?
Play-to-Earn is a new model of gaming where you can earn real income just by playing. In most cases these games use blockchain technology, and are integrated with some type of cryptocurrency.
Whereas in the past, you may have bought video games, spent money on tokens or coins for a specific game, or paid to upgrade characters; You can now be rewarded for your time and effort by earning real money in the form of the game token (real cryptocurrency, which can be converted into fiat money, i.e., $ US Dollar).
How can I earn money playing CHAMPS?
· Win games and championships
· Achieve a high standing in the Ladder H2H tournament
· Host home games in your arena
· Sell players or coaches on the marketplace
Of course, you will need to be strategizing to improve your team, and you can do this simply by playing and earning tokens. You do not need to spend any money at all if you choose. You can also choose to be aggressive, and upgrade your players, coaches, and facilities by a combination of playing/earning, and buying better players and coaches, improved facilities, XP cards, scout cards, etc. It all depends on how aggressive you want to be in order to make your team valuable.
This brings us to NFTs…
What are NFTs?
The acronym NFT stands for Non-Fungible Token. While NFT’s are technically a token, they are non-fungible, meaning that no two are alike, and that they are always distinguishable and entirely unique. In the CHAMPS Metaverse, your team is an NFT, and you must own a team in order to play.
Champs is a play-and-earn multiplayer sports simulation metaverse in which you own and manage a sports team, can lead it to glory, and earn money while playing. All teams will be minted NFTs and you will be the true owner of your team and all of its assets.
We will follow up with Round 3, and we’re happy you’re here!