By now, most tech-savvy people can all agree that Blockchain games have the potential to revolutionize the gaming business. Through this technology, players who spend money on such games – or those who contribute to the gaming metaverse as free-to-play gamers – can claim ownership of in-game assets.
While play-to-earn blockchain games are not a new concept, thanks to Axie Infinity, they have been rapidly gaining in popularity. In this battle simulator game, everyone is captivated by their screens as they seek to fight it out and earn as many rewards as possible.
The potential earnings are so unbelievable for such an activity. Several players make enough money to support their families, especially in The Philippines. As a result, many people anticipate the release of highly anticipated games, such as the Gotchiverse.
Play-to-earn games allow players to engage in challenges, battle simulators, tasks, and more in exchange for in-game currency. Axie Infinity participants, for example, will receive SLP for completing their daily challenges.
The fact that gamers may not only control but also buy and sell in-game assets is what makes play-to-earn so appealing. As a result, the GameFi platform allows players to earn NFTs and tokens as rewards. These tokens can be exchanged on exchanges and used in the built-in marketplace. Let’s check out the list of four blockchain games that feature a play-to-earn mechanism.
1. Axie Infinity
Anyone interested in learning more about the play-to-earn blockchain gaming ecosystem will eventually come across Axie Infinity. It is currently the most popular play2earn game in the Philippines and has a worldwide following.
Players must first have three Axies (monsters), which can be purchased from the built-in marketplace. If the players cannot buy the Axies due to a lack of funds, they can apply for a scholarship in Axie Infinity. There are two modes in the game: Player vs. Environment (PvE) and Player vs. Player (PvP,) with the latter offering better prizes. All in-game earnings can be bought, sold, and exchanged, including Axie Infinity Shards (AXS) and Smooth Love Potions (SLP).
There are a few ways to earn cryptocurrency while playing this game. The first involves fighting monsters or other players. Completing daily quests is another way to earn cryptocurrency. You can breed your Axies if you own them. You may also rent out your Axies to get some extra cash. All you need to get started is three Axies from the Axie marketplace. Purchasing three Axies will most likely cost between US$500 and US$600.
2. CryptoBlades
Competitive play-to-earn RPG crypto games are becoming increasingly popular. Users can earn SKILL tokens by fighting foes, raiding with friends, and staking gains in CryptoBlades, a new blockchain game. Players can also use the built-in marketplace to trade in-game goods or construct characters and weapons to combat foes.
Before they can play the game, players must purchase a character. As a result, they must pay a nominal charge in BNB to take part in conflicts. Battle fees are promptly reimbursed to winners in the form of SKILL tokens.
Because CryptoBlades is based on the Binance Smart Chain, you’ll need to buy Binance Coin (BNB) to make purchases. You’ll also need to sign up for an account with a cryptocurrency exchange that sells the BNB token. Binance.US (for US citizens) and Binance Global (for everyone else) are two well-known exchanges. Running on the Binance Smart Chain has benefits over the Ethereum Blockchain, such as lower fees and faster confirmation times.
3. Plant vs. Undead
Plant versus Undead is another play-to-earn tower defense game with a lot of replayability. In Brazil and other nations where P2E games may have a significant impact, the game has garnered a lot of popularity.
To start earning and playing, you can purchase seeds on the market for PVU tokens, which can be used to get started. In this game, players can visit other players’ farms to water their plants in farm mode, earning the in-game currency LE Token in the process. The LE tokens can subsequently be exchanged for tools, scarecrows, and other amusements. Similarly, LE tokens can be used to withdraw PVU Tokens, which can be spent on the marketplace to buy seeds and plants. Another alternative is to play for free.
Check out an how to play plant VS Undead Article for more.
4. Farmers World
The concept of farming simulators has gained a lot of traction in recent years. Farmers World is the blockchain-based play2earn version of the notion. Players can use a variety of tools to raise and harvest crops. In addition, while waiting for their harvest period, players can attack other farmers.
The game also contains a card membership system that allows players to buy more equipment, power, and other resources. Before beginning the game, players will require one tool to be purchased from the FarmersWorld Collection store.
How Blockchain Gaming Works
Now that we have introduced you to some cool blockchain games, how does it work?
Well, you’ll need to buy some non-fungible tokens before you can start playing a blockchain game. These NFTs represent in-game items like tools, weapons, and characters. In each game, the type of NFT and the amount required to play will differ.
NFTs are blockchain-based digital assets. The term “non-fungible” refers to the fact that each individual is distinct and thus irreplaceable. NFTs can be used to indicate ownership of a range of real-world and virtual goods.
The NFTs you buy are held outside of the game, in your cryptocurrency wallet. They are owned by the player, as opposed to being rented in a regular game.
In a conventional game, the items you buy are only available while playing and can only be used in that game. Furthermore, if a traditional game fades from popularity, you lose everything you’ve invested in.
This is also true when it comes to in-game money. Traditional game currency has no real-world value and may only be used in that game. Blockchain gaming currencies are stored in your cryptocurrency wallet and are frequently exchanged in many markets. It’s a crucial differentiator that allows gamers to earn cryptocurrency by playing online games.
How Lucrative Is Play-to-Earn?
Several factors will influence the amount of money you can make by playing these games.
Here are a few examples:
- The token’s purchase price.
- How much time you spend playing each day.
- What level of gamer you are.
- Your investment.
A 31-year-old Filipino reportedly makes around $2,000 per month playing Axie Infinity to know how lucrative it is. Isn’t that amazing?
Bottom Line
The development of play-to-earn games has the potential to cause a significant shift in the gaming industry. As the industry develops, most games in the future may include a play-to-earn component. The popularity of play-to-earn games will grow as more players get actual digital ownership of their gaming assets and the potential to benefit from gaming.
People are spending more and more time online, which will continue as younger generations grow up in a digital society. Additionally, when the “metaverse” and virtual reality become more prevalent, this trend will intensify, and we hope you take advantage if you are interested in gaming.
Disclaimer: The information provided in this article is not intended to provide investment or financial advice. Investment decisions should be based on the individual’s financial needs, objectives, and risk profile. We encourage readers to understand the assets and risks before making any investment entirely.
