The world of gaming and digital entertainment has never been as intertwined with the real world as it is today. Today’s players are able to interact with other users, earn crypto rewards, and create avatars that are more real than ever.
Even more importantly, players and developers can turn their hobby into a side hustle by exchanging in-game assets for real money. But how can you safely trade in your gaming assets for fiat money or cryptocurrency? In this guide, you’ll learn all you need to know.
Let’s dive in!
What Are In-Game Assets?
Firstly, let’s clarify what in-game assets are and how they work. Although the world of digital entertainment is evolving at lightning speed, today’s in-game assets can be defined as any digital item that is used in the game.
Depending on the type of game you are playing and its features or gameplay, some examples of in-game assets include:
- Sound effects and music
- Logos and graphics
- Limited-edition items
- Rare or high-tier equipment
- Weapons and tools
- Materials and resources
- Cosmetics and fashion items
Game assets can be text or music files, 3D models, or images. Non-Fungible Tokens (NFTs) might be used to prove the ownership of valuable in-game assets such as collectibles and avatars.
Players can obtain in-game assets by buying them from other players, earning them through play, or developing them. Some more popular games also make available proprietary asset stores.
Can You Turn In-Game Assets Into Real Money?
Although it is possible to trade your in-game assets for real money, you might need to leverage third-party brokerage services. These intermediaries will ensure that the transactions are safe and legitimate. And, of course, they evaluate the value of each digital item to ensure it is traded accounting for its market price.
3 Ways To Trade In-Game Assets for Real Money
Since the gaming industry opened up to new technologies such as blockchain, NFTs, and cryptocurrencies, the market for in-game digital assets has been growing consistently.
Thanks to these recent developments, players are now able to exchange, buy, sell, and trade the assets they have earned while playing. And, even more importantly, they can exchange their digital goods for real money.
But what is the safest and most efficient way to trade digital assets? Start with the three options below.
Using a Specialist Platform Like DatDrop
Specialist external platforms designed to facilitate the exchange and trading of digital assets are the best option to avoid costly scams and disputes. These platforms ensure that the sellers or creators of digital assets are accurately paid for by the buyers and that buyers receive the items they have paid for as expected.
What’s more, platforms like DatDrop also provide new users with a unique promo code, which you can use to receive a bonus. This is a great way to try out a third-party service without making significant financial commitments.
Trade Directly With Other Players
If blockchain is the future of gaming it is also because this new technology has helped record transactions safely and immutably. In turn, you can now leverage a player-to-player exchange network that allows you to safely trade your in-game assets and obtain or pass on the ownership of digital items. All of this, without needing to resort to an external intermediary!
Use The Game’s Exchange Service
Some of the most popular games provide in-game asset stores and exchange services. This is always a preferable option over unsecured sites such as eBay, but it can limit you in the range of products that you will be able to buy from proprietary stores.
Depending on the store, you might even be able to take part in auctions!
What You Need To Know About Trading In-Game Currency For Real Money
Although blockchain infrastructures and stringent cybersecurity measures have made it easier for players to trade or exchange their assets, in-game asset scams are more frequent and impactful than ever.
To avoid becoming a victim of these scams, consider using a reputable trading platform, assessing the security measures that have been put in place by a third-party service provider, and taking extra steps to secure your credentials and banking information.