Blockchain Collectible Games, Explained

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1.
What are crypto collectibles?
A crypto collectible is a digital asset.

Unlike common tokens, which are identical and easily exchanged, crypto collectibles are non-fungible tokens. This is because their unique attributes mean that no two are the same, hence they are usually irreplaceable.

There are a plethora of things that can be collected — from cats to celebrities, and from politicians to planets. In gaming environments, they can be swapped between players, and on other platforms, it’s possible to buy someone’s collectible without their permission — adding a competitive edge.

 
2.
Can money be made from digital collectibles?
If you have a particularly rare or desirable collectible, potentially, yes.

Generally, collectibles are categorized. Some of them are quite common while others have distinctive attributes which make them rare — or even ‘legendary.’

Some platforms have a price escalation feature. Let’s say you paid 1 ETH for a coveted collectible. Here, someone could pay 2 ETH and buy it off you without your consent. You would end up receiving most of the profits, with the platform taking a fee. The next person would pay 4 ETH, the person after 8 ETH, and so on. After the collectible’s value hits a certain amount — say 100 ETH, for example, the price may rise by 20 percent instead of doubling.

Readmore: https://cointelegraph.com/explained/explained-blockchain-collectible-games