Crypto Games
Blockchain
Imagine You Get Crypto While Playing Games!
Sounds a bit confusing? Don't worry, I'll break it easier.
Play-to-earn (P2E) crypto games are a new model where players can make money and get rewards from playing games.
Unlike normal games, play-to-earn games give you crypto tokens or NFTs that have real money value.
These games run on blockchains like Ethereum (wallet or tokens needed to use them.)
It also builds gaming communities where players support each other.
We will understand all aspects of play-to-earn gaming in this complete guide.
Play-to-earn crypto games use blockchain technology to reward players and give them ownership of gaming assets.
Players can get both fun and money from these games
Some popular P2Es are:
- Axie Infinity where you breed little Axies characters.
- The Sandbox where you build voxel game worlds.
- Splinterlands for collectible card battles. The prizes you win have money value and can be traded on markets outside the actual game. This gives players more ways to earn.
Play-to-earn Crypto Games work on public blockchains like Ethereum, Polygon, BNB Smart Chain, etc.
Here are the core mechanisms:
This allows holding crypto assets and NFTs as well as sending transactions using them across games.
You need to purchase assets like Axies NFTs to start playing and earning.
Playing and winning battles, completing quests etc. will help you earn more rewards.
As you accomplish objectives, you're awarded crypto tokens or NFT items i.e $$.
Tokens and NFTs can be sold on third-party markets for cashing out your earnings.
There are some great benefits offered by play-to-earn crypto games
P2E allows earning money while enjoying your usual games.
Tokens and NFTs can be sold for generous rewards in many cases.
Blockchain assets give complete ownership and control.
So your rewards hold value even outside the game.
Your effort, time, and skill get fairly rewarded in P2E.
So you contribute value to the game and community.
For people in poor countries, these games provide livelihoods and hope.
Earnings can help local job options in distressed economies.
There are some real challenges still with these models:
Upfront Costs : In-game assets like Axies can be expensive for new users.
Complex Learning Curve : Understanding crypto wallets, NFTs and tokens is tough.
Legal Uncertainty: Many governments don't legalize Blockchain Assets.
Price Risks: Crypto Markets are trickier to understand for newcomers.
Here are the most popular and promising play-to-earn crypto game options right now across categories:
Breed, battle with cute pets
Most established P2E game so far
$40 million+ total rewards distributed
Available on Android and IOS
Use also on Binance
Build voxel game worlds and sell assets
Backed by major gaming brands and investors
Virtual real estate sold for millions
Available On Android, IOS and PC
Use also on Binance
Farm, harvest, trade in cute island paradise
Lighthearted world-building with friends
$180M+ funding from tier 1 VCs
Available on Android and IOS
Tactical card battles with extensive strategy
500,000+ active players, over 2M+ NFTs sold
Partnered with leading investor funds
Available on Android and IOS
Magic-themed competitive card dueling
10M+ matches played so far
Developed by top ex-Blizzard developers
Available on Android and IOS
There are 100s more across RPG, racing, social, and strategy genres but these make a great start.
Here is a step-by-step procedure to start your P2E gaming journey:
Step 1: Choose a Game
Browse games in your favorite genres and assess beginner-friendliness, costs etc.
We recommend starting with Sandbox as it's easy and creative.
Step 2: Install a Crypto Wallet
You need a crypto wallet - install MetaMask browser extension
or
Get a hardware wallet like Ledger. This will hold your assets.
Step 3: Get Starter Funds
Buy some crypto like ETH from an exchange to fund your wallet.
Around $50 is enough to start playing many games.
Step 4: Purchase In-Game Assets
Use your wallet to buy starter NFTs or tokens from marketplaces like OpenSea to start playing the game you chose.
Link your wallet to the game Dapp,
Set up your profile and start playing to complete quests to Earn $$.
Here are some of the top ways to earn real-world money from P2E gaming:
Direct Token or NFT Rewards : Sell In-game achievements award tokens or NFT items
Staking Game Tokens: Some games give staking rewards for locking your earned tokens.
Flip Valuable NFTs : Flip highly desirable ones for profit just like in regular gaming.
Become a Guild Leader : Lend assets to newcomers, and take revenue share.
Livestream Gameplay : Many platforms now support streaming play-to-earn games.
Play-to-earn gaming is still quite new but growing extremely fast. As blockchain keep improving, asset ownership gets recognized, and onboarding gets easier, plaplay-to-earndels could compete with and even beat traditional gaming.
Early adopters stand to gain the most from this enormous opportunity. While caution is warranted, the innovation cannot be ignored. We encourage you to explore this futuristic convergence of gaming and ownership unlocked by crypto economics.
It opens up more than just entertainment - collaborative communities and livelihoods are emerging worth being a part of.
If you are good at playing Games and you want some legitimate source to earn Crypto with Gaming, then Play-To-Earn Crypto Games are the right destination to start your Income.
If you have any query regarding the article or anything related to the Coinsomuch, then ask freely as we love to hear from you.
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