The crypto market has been the most sought-after for the past few years due to one element, which is profits. Traders can realize more profits in the sector than in any other sector in the financial sector. This is because digital assets bring in massive amounts of profits during their massive rise. But while that has not been so for the past few days, there have been some ways that traders are raking in profits in the crypto market. Play to earn games that traders in the crypto market can play and bring in profits for themselves. In this article, we will be learning about play-to-earn games and look at the top three for the month of April.
What are Play To Earn Games?
Play2Earn games reward players with virtual rewards, which also have value in the real world. Most of these games infuse digital assets to enable users to earn rewards for winning the games and moving across levels. Although there have been games that allow players to earn rewards in the past, blockchain has revamped how the game-for-rewards system has been working. Another item that has also revolutionized Play2Earn games is NFTs. These Non Fungible Tokens are unique tokens used to show rights to ownership of a particular digital artifact, in most cases images or videos. Unlike most video games where the company is in charge of in-game artifacts, NFTs allow players to hold on to their in-game assets. They can choose to sell their rewards for cash inside and outside the gaming platform.
How Did Play To Earn Games Emerge?
Play2Earn games gained massive popularity with the introduction of Axie Infinity in the crypto market in 2018. The game was developed by Sky Mavis studio. Players involved in the game will fight to collect Axies, an in-game cartoon creature. These axies are represented by NFTs, each having its different strengths and weaknesses. Players can play adventures, breed axies, and even battle with the axies. During the course of in-game battling, players earn Smooth Love Potion, an in-game token reward that can be withdrawn. Axie Infinity has about 2.8 million users scattered around the world. Other Play2Earn games include Aavegotchi, a game developed by the creators of Aave. Players stake tokens in cartoon creatures and get their rewards in Aave.
How Do I Make Money From Play2Earn Games?
Making money from Play2Earn games requires you to take specific steps, which involve earning and holding your NFTs. Sometimes you might need to sell them off for in-game tokens that you can play with. In some other cases, you will be required to purchase NFTs from external marketplaces before you can play. However, to make money off Play2Earn games, you will need to hone your gaming skills, as only the good players can earn rewards. However, you should remember that you should not be too desperate in your quest to make money from Play2Earn games to avoid potential scams.
Top 3 Play2Earn Games For April 2022
In the last few years, there have been many NFT games that have made waves across the crypto market. With traders continuing to leverage these projects to make money, it is pretty reasonable to know which platform takes the top position. This is because that is where most players are and where you can get to battle and make money. Below are the top three Play2Earn games in the month of April;
#1 Axie Infinity
The Axie Infinity game is one of the oldest and most popular Play2Earn games across the crypto sector. As mentioned above, it was created in 2018 and has grown in leaps and bounds since then. Presently, about two million players use the platform to earn rewards every day. The game takes the shape of Pokémon but on a digital platform. Players will collect Axies, characters with unique characteristics and special powers. Players can choose to explore the Axie Universe or choose to battle against other players. Axies are minted on Ethereum. Players earn Smooth Love Potion tokens. Smooth Love Potion tokens can be traded on exchanges like Binance. The native token of the game, AXS, is trading at $57.51 with a decline of 9.72% in the last 24 hours. AXS has a trading volume of $681,226,566 and a market cap of $3,502,550,873 in the last 24 hours.
#2 Silks
Silks is a virtual crypto game that allows players to feel the excitement of real-world racing in the digital sphere. Players are open to creating their unique type of horse and competing to win races. This year, Silk will mint a new batch of horses as NFTs for traders to purchase. The NFTs are the lookalike of horses that were given birth to in 2021. Each horse will have their special features, and its performance in the game will mirror its real-life performance. Players will earn a $TTT token depending on their horses’ place in the race. The players can use the $TTT token to purchase horses, buy their farms and set up a breeding space. Players can also stake their tokens in farms and earn rewards depending on how the farms perform. The secondary market for winning horses provides them with massive value.
#3 Decentraland
Play To Earn game, Decentraland is a crypto-focused virtual game that allows players to purchase, hold and sell lands using a digital asset. Owners of lands rule how the land behaves. To start your journey in the game, you will need to build a unique avatar that you can play within the game. After that, you can proceed into the game and start your journey. Decentraland provides you with options to interact with other game players worldwide. Buying land on the virtual platform will require you to purchase MANA tokens. Like most games, each NFT you collect in the game can be sold. MANA, is trading at $2.40, with a steep decline of 9.71% in the last 24 hours. It has a trading volume of $488,692,702 and a market cap of $4,433,503,828 in the last 24 hours. There are presently 1,870,798,568 MANA tokens in supply.
Conclusion
As predicted some years back, the crypto market continues to revolutionize and evolve. Although digital trading assets are still valid, these Play To Earn games bring a whole new level of excitement and ways to earn rewards. However, traders should be careful against scams in the market. Some projects spring up to defraud players of their hard earn money. Besides that, traders need to research the project they wish to enter into the market. This will help them familiarize themselves with the gameplay and other aspects of the game that they need to know.
