Play-to-earn games are slowly gaining traction, creating an avenue for players to earn money through gaming. Unlike conventional games, P2E games are blockchain-based games that give people incentives by winning tokens. Gamers receive these tokens in-game but can decide to sell them for fiat currency, earning them real income. Many of these games leverage non-fungible tokens (NFTs) to reward players. Some games allow players to trade in-game assets, such as lands, which creates an opportunity to trade NFTs outside the real world. The good thing is that gaming is no longer just for fun, not in the blockchain ecosystem. So, it’s not surprising that P2E is in-demand.
What Are P2E Games?
Play2Earn games leverage blockchain technology to reward players with tokens that have real-world values. Today, P2E games are in high demand because players are interested in exploring different ways to earn money, particularly in the cryptocurrency space. If you love games, you can start exploring projects available in the digital asset space.
Often, games reward players with non-fungible tokens, which they can sell for fiat. Non-fungible tokens are becoming popular with numerous creators, establishing their creative sides by creating artwork, memes, etc.
In-game props or assets are often represented as NFTs, so users may need to buy them with fiat to start gaming. Thankfully, most P2E games are easy to play, and with the right incentives, players may be motivated to play and connect with other users. Additionally, there are some metaverse platforms with the said model. Gamers interact with others in a virtual world, where players can connect, play games and even sell a digital property. It’s safe to mention that blockchain technology has reshaped perspectives while making gaming fun and lucrative venture.
What Are Some Popular P2E Games?
The cryptocurrency space hosts numerous games. Games like Axie Infinity serve millions of players worldwide who want to earn some income from video games. Axie Infinity is a well-known P2E game involving monsters battling to earn rewards. This fun and easy-to-play game have excellent graphics with a user-friendly interface. Further, Alien Worlds is another fun game. The game has a native currency, which players can mine. This futuristic game takes players to 2055, where they can earn non-fungible tokens while on adventures.
How To Make Money In Play To Earn Games?
Play To Earn games have different structures and values, so players can earn money in different ways, depending on the game. One of the most popular ways to make money is to win challenges or battles. When you win these battles, you receive your rewards in either the platform’s token or a well-known asset, such as Ethereum, Bitcoin, etc. After receiving the token, you can sell it for fiat or hold it in anticipation of higher price growth. Another way to earn money through P2E is to sell your game assets, usually represented as NFTs.
Some games, like Decentraland, allow users to own digital lands and sell them to other players for the money. When the land appreciates, the player can also sell to others, which creates another avenue for income generation in gamefi. Mining assets on land is another way players earn money. Alien Worlds allow players to buy land to mine the game’s native token, TLM. Some lands reward more TLMs than others. Purchasing the right mining tools also helps players mine without wasting time. Game mechanics and structures are different, making it essential to understand a game before playing it. When you do your research before playing, you can evaluate your expectations and conveniently make money.
What You Should Know about Blockchain-based Games
Once you’ve decided that you want to start gaming, you need to choose your preferred project. In an industry with numerous P2E projects, choosing one (or more) might seem complicated, but it doesn’t have to be. To make a better decision, you should evaluate your expectations. Do you want cryptocurrencies or NFTs? Some games pay in cryptocurrencies. There are also some that pay in non-fungible tokens, but you can also find games that pay in both.
Other games will pay you in their native currency or popular cryptocurrencies, like Ethereum or even Solana. If you prefer games that give rewards in cryptocurrencies, you should stick to those types. Other games may reward non-fungible tokens, which means you would have to sell them in a marketplace. Some projects reward users with both types of digital assets, which might be a good option for people new to blockchain games.
Top 3 Upcoming Play To Earn Games
The buzz over P2E games is not slowing down anytime soon, especially with new products bringing gamers a world of adventure and fun. While popular games like Axie Infinity and Alien Worlds are the most played in the industry, these new games may attract enthusiasts.
#1 Binemon
Binemon is a virtual NFT game that also pays users for gaming. With this game, you can own virtual pets. It offers in-game activities, such as breeding and fighting, similar to Axie Infinity. Users can train and sell their pets on the platform’s marketplace to generate an income. To play this game, you need to purchase several pets. Most P2E projects require some financial commitment before gamers start getting rewards, making them inaccessible to many people. Also, the pets can participate in tournaments, battles, and duels. After winning, you get rewards, which you can use to create new monsters or sell for money. It is safe to mention that you need to buy a pet to start playing Binemon. You can participate in most in-game activities and acquire more monsters when you own a pet. During your battles, you can earn eggs or lands, represented as non-fungible tokens.
#2 Spider Tanks
This is another popular game that may soon gain traction. A core feature differentiating Spider Tank from most P2E is that gamers can play it for free. The team behind the project created it using blockchain technology, unlocking players’ power to earn. The game encourages players to upgrade and experiment with various weapons, such as tank bodies and battle items. Gamers battle other players like tanks, and they need to strategize to win multiple battles. Also, Spider Tank has different game modes, enabling users to explore and have fun.
#3 Gods Unchained
Gods Unchained is another game that every blockchain game enthusiast should check out. This trading card game allows you to earn money because it has a P2E model. Gods Unchained advocates for actual ownership of non-fungible tokens for players, which makes it possible for gamers to sell the cards for money. Additionally, the game assured that it would give players ownership of their in-game items. Gamers can play, collect cards after winning games, and trade cards with other players. Players don’t need to pay to play Gods Unchained because it is free. However, they can unlock more cards when they play against other players.
Conclusion
The digital asset space will continue to thrive with new products and services. With the growing demand for blockchain-based games, the relatively new economy is slowly gaining traction. These upcoming games may also become top platforms when they attract enough support. It’s safe to mention that these games have potential and may reinvent the blockchain gaming industry for the better. Still, before you start playing, you should do your research.
