What Are NFTs and Play and Earn

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June 14, 2022

Now that you’re familiar with Web 3.0, Blockchain, and Cryptocurrencies (and if you’re not, you can go check out the detailed article where we thoroughly explain everything), it’s time for us to dive a little bit deeper into the world of crypto.

NFTs are a popular phenomenon, even among those who aren’t that familiar with blockchain and crypto investments. They are often the entry point for many people who are starting their journey on Web 3.0.

However, there are still much confusion and many misconceptions around what they are, so today we’ll give a very easy-to-understand explanation of the concept.

To start, you’ll need to know:

What are NFTs?

NFT is the acronym for Non-Fungible Token. So these are types of tokens, but they are non-fungible, which means that they are always distinguishable, there aren’t two alike.

What is Play to Earn?

This one is quite easy since the name says it all: it refers to games where you can earn a real income while playing. These are also commonly referred to as GameFi.

There are multiple types of games like these and they all use blockchain technology and, in most cases, they integrate their cryptocurrency.

Play to earn is widely considered the next step in the gaming world, and this new form of playing will be sooner rather than later mainstream in the industry.

One thing you need to know is that you need to make an early investment to start playing any of these games — and this is the part where many people start getting suspicious — but if you think about it, it’s not that uncommon at all! If you ever played video games, whether it’s on your computer or game console, you have probably bought a game at some point (and some of those aren’t cheap!). Even in free online games, there’s almost always the option to pay for character customization, for example.

Play to earn games are based on the same original concept, with a twist that makes the entire difference: you don’t only spend money to play, you can receive money for your virtual winnings.

It may sound too good to be true, but it is as simple as that. Of course, there is always a risk that you might invest in characters and tokens and don’t get to make any income out of it, but the chances are small. It will of course depend on your commitment and skills to play the game, and you may start making a small income but you can always evolve.

Now that you’re familiar with what NFTs and Play to Earn are, let us give a brief overview of how MetaSoccer works and fits into all of this!

MetaSoccer Recap

MetaSoccer is a “football manager” type of game.

We have three types of NFTs

To start playing, you must get some $MSU and then use it to acquire a Youth Scout (or more!). They are responsible for finding Players, so you can form a team.

Then you can train your Players and participate in league matches.

There are multiple ways to earn in the game:

- Winning friendly and competition matches

- Selling or lending your players

- Betting on other users’ matches outcome

- Selling tickets for your stadium (if you have one)

Just to name a few.

Easy right?

And that’s it for today!

Next up we’ll teach you how to set up your virtual wallet, which is needed for you to be able to buy $MSU and Youth Scouts, so you can be ready to start playing and earning!