Did you know that a crypto video game can help people to earn a real income? These games are becoming more and more popular, as people are looking for ways to make money outside of the traditional workforce.
Games have long been a diversion, a way to forget about a tough day at work, throughout the history of home video gaming. However, with blockchain technologies like NFTs, a new generation of video games is using them to reward players in cryptocurrency.
In other nations, these “play-to-earn” games already enable gamers to make a career out of playing video games, with scholarships and schools popping up to assist players to navigate this uncharted territory.
In this blog post, we will discuss how crypto gaming is helping people to make a living and some of the benefits of play-to-earn games.
What is gaming in crypto?
In play-to-earn crypto video games, players are rewarded with crypto for their in-game accomplishments. These rewards can then be cashed out for real money or traded in-game market for game assets. This is different from the traditional model of video gaming, where players purchase a game and then pay to play it. With play-to-earn games, there is some initial cost to the player like purchasing your NFT character or plots of virtual land for example.
Non-fungible tokens (NFTs), are cryptographically unique tokens that may be used to verify ownership of content such as images, digital art, or music, and are a type of cryptocurrency. They enable players in blockchain games to take control of in-game items and currency.
But after that, you are only limited by your own skill and time investment. In many games you can stack, breed, trade, and obtain in-game rewards or tokens you can afterward exchange for crypto and real money.
The game developers had made a new model for gaming with the potential to reward players for their time and skill instead of just their wallet size. It also has the potential to create a more level playing field in the world of blockchain gaming.
The most popular crypto video games, such as CryptoKitties, Gods Unchained, and Axie Infinity have all integrated play-to-earn mechanics in their gameplay virtual worlds, and some of them have their own NFT marketplace.
Each of these games offers its own unique gameplay experience and allows players to earn income in different ways.
Decentraland is a virtual world where players can explore, build, and trade items with one another. Axie Infinity is a collectible game where players can breed, train, and battle their creatures. CryptoKitties is a collectible game where players can buy, sell, and trade virtual kittens.
These are just a few of the most popular blockchain games that are available. There are many more out there that offer their own unique gameplay experiences, digital economy, and ways for players to earn money or crypto.
Why are Blockchain Video Games Becoming Popular?
There are multiple reasons why crypto games are gaining popularity. First, they provide an opportunity for people to earn income outside of the traditional workforce. Second, they offer a way for people to invest in cryptocurrency without having to purchase it directly. And third, they give people the chance to cash out their crypto earnings for real money.
Blockchain gaming will continue to grow in popularity throughout the 2021 period, with the use of the technology increasing from 50 percent to 70 percent during that time.
In-game collectibles alone brought in $2.32 billion in sales during the third quarter of that year, thanks to blockchain technology. Since then, progress has been stop-and-go, but this is a new sector, so play-to-earn games still have significant value.
Play-to-Earn Games and Non-Fungible Tokens (NFTs) and their in-game Market
The game’s players own the NFTs. They are not the developer’s, nor are they the game’s. Even if the game shuts down, the players keep hold of them.
What can NFT owners do with their assets once they acquire them?
It’s entirely up to them.
Typically, gamers do all possible to raise the value of their NFTs. This implies that they must play the game and commit to it for an extended period of time.
They may also trade or sell NFTs once they realize the moment has come.
Players may trade NFTs in different specialized NFT marketplaces, allowing them to use their assets outside the game. They will be paid in cryptocurrency if they are able to sell them.
Cryptocurrency Video Game Industry, How these Economies Work?
Developers can’t just consider their earnings while building a play-to-earn economy. In these blockchain games, gamers and developers are like business partners.
It works like this in the example of blockchain games.
The goal of the game is for players to manage valuable assets and pass them on in trade on the NFT market. This should attract more people to the game. Simultaneously, as the demand for the game’s NFT projects rises, so does the developers’ profit.
Developers must concentrate on one thing in particular.
NFTs come at a cost, and they must be profitable. The developer earns money through transaction fee discounts. This implies profit for the developer every time an NFT is traded.
Let’s assume a skin NFT royalty fee is set at 5%.
The developer will make money every time another player purchases this NFT on an NFT market. Not just the first couple of times, but it will continue to do so indefinitely.
As a result, developers must ensure that the fee is adequate. Furthermore, they should continue to push players to convert these unique assets.
What about the play-to-earn video games that distribute existing cryptocurrencies as rewards? How do they generate money?
In most situations, by displaying advertisements to players. Time is the key here. As long as gamers spend a significant amount of time playing the games in order to earn crypto, the developers should be producing a sufficient amount of ad revenue.
Benefits of Playing Crypto Video Games
There are many benefits to play-to-earn crypto games. First, they offer a way for people to make money outside of the traditional workforce. This is especially beneficial for stay-at-home parents or those with disabilities that prevent them from working a traditional job.
Second, these blockchain games can be a fun and relaxing way to unwind after a long day. And finally, crypto games offer an opportunity to earn some extra money that can be used to accomplish real-life goals such as making a trip abroad or owning a house.
Yes, You Can Really Earn Crypto Playing Games
There are multiple ways. Some players are good enough to earn crypto through their in-game accomplishments and then cash out for real money. Others may invest money into the game to purchase NFTs, assets, virtual land, items, or characters that can be sold later for a profit. And then, there are those who simply enjoy playing the game and use it as a way to relax and unwind after a long day.
Players can instantly sell these assets for real money or cryptocurrency on their own terms at any time.
Furthermore, these games are decentralized, unlike traditional games. This implies that the developer isn’t able to command everything from its power center.
In play-to-earn games, players are given access to in-game assets. Players contribute value to other players and the developer by engaging in the game’s economy.
Whatever the reason, play-to-earn games offer a real opportunity for people to make some extra money.
In conclusion, crypto video games are helping people to earn income for living, in some countries are getting bigger as people rely on these games to live.
Play-to-earn games are a real option for people to earn additional income to accomplish real-life goals such as making a trip abroad, having a car, or even owning a house.
6 Best Crypto Video Games of All Times
In these crypto video games, players can earn tokens, in-game currency, assets, and even earn money by playing the game and completing certain tasks. The amount of income that can be earned varies from game to game, but it is typically based on the time investment of the player. Here is a list of some of the most popular play to earn crypto games:
In this play-to-earn crypto game, players can breed and trade digital cats. The more valuable a cat is, the more income it can generate for its owner.
This blockchain-based game is built on the Ethereum blockchain. Players can use Ether (ETH) to buy, sell, or trade cats that are NFT’s assets. Ethereum as a decentralized platform can run smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference. These properties make Ethereum games fair, transparent, and secure.
CryptoKitties was launched in November 2017 and quickly became one of the most popular games on the Ethereum blockchain. In just a few months, the game had generated over $12 million in sales. The success of CryptoKitties showed that there was a large demand for blockchain-based games.
CryptoKitties is just one example of the many innovative and exciting games that are being built on the Ethereum blockchain. If you’re looking for a fun and easy way to get started with blockchain technology, then CryptoKitties is the perfect game for you!
Is a unique virtual world where players can own land property, create content, and host events. What’s more, players can earn money by selling virtual goods, as NFT space, in-game assets, and services within the game. These two factors make Decentraland an incredibly attractive gaming destination for many people.
The game world itself is divided into parcels, with each one having an owner. This system allows for a healthy economy to develop as players buy and sell these pieces of land. In addition, the game features its own currency, called MANA, which can be used to purchase virtual goods and services. All of these factors come together to create a truly unique and compelling gaming experience. Decentraland is definitely a game worth checking out for anyone interested in virtual worlds or online gaming.
Is a digital pet community where players can adopt, raise, and battle their virtual pets. The game focuses on collecting and breeding unique creatures called Axies. Players can earn rewards and tokens by playing games with their Axies and participating in the Axie Infinity economy.
The game is built on the Ethereum blockchain and uses the ERC-1155 standard for its in-game assets. This allows players to own their Axies outright and trade them freely on the open NFT market. The game also features a unique battle system that allows players to pit their Axies against each other in strategic, turn-based combat.
Axie Infinity is the first decentralized game on the blockchain that offers meaningful gameplay and compelling rewards.
The team behind Axie Infinity has the vision to create a new type of gaming experience that combines the best elements of digital pet games, collectible card games, and online multiplayer games. By harnessing the power of blockchain technology, they hope to create a game that is truly decentralized and gives players full control over their in-game assets.
Gods Unchained is a blockchain-based card game that combines the best of both worlds: the fun and excitement of traditional card games, with the added depth and strategy of blockchain-based games.
What makes Gods Unchained unique is its use of blockchain technology. This allows players to own their cards in digital form as NFT, and trade them on an open NFT market. It also adds a new level of security to the game, as all transactions are recorded on a public ledger.
Another aspect that sets Gods Unchained apart is the focus on player-versus-player (PvP) gameplay. In most card games, players compete against pre-determined computer opponents. However, in Gods Unchained, players can go head-to-head with each other in real-time. This adds an extra layer of excitement and challenge to the game.
A game where you get to adopt, take care of, and trade digital animals (called Cuties) on the Ethereum blockchain
In Blockchain Cuties, each Cutie is a unique ERC-1155 token that can be bought, sold, or traded on third-party marketplaces
There are currently over 200 different types of Cuties to choose from, each with its own set of stats and characteristics. You can level up your Cuties by taking them on adventures and completing quests, and as they level up they’ll become more powerful and valuable. You can also earn in-game items and currency by playing minigames or participating in special events.
Blockchain Cuties is one of the most popular games on the Ethereum blockchain, with a vibrant community of players and collectors.
A game built on the Ethereum blockchain that allows players to buy, sell, and trade virtual creatures called “cryptons.”
The game was created by a team of developers who were inspired by the likes of CryptoKitties and other digital collectibles.
CryptoWars is a game built on the Ethereum blockchain that allows players to buy, sell, and trade virtual creatures called “cryptons.” The game was created by a team of developers who were inspired by the likes of CryptoKitties and other digital collectibles. Cryptons are generated through breeding or can be bought directly from the developer’s store. There are currently over 100 different crypton types, each with their own unique characteristics.
Where to Play Blockchain Games
You may play P2E crypto games through your regular web browser or via a mobile app. This, of course, will be determined by the blockchain game you select.
- Axie Infinity is available on Chrome, Firefox, Edge, Android, and iOS devices.
- However, Decentraland is only accessible from a laptop computer.
Until mobile-friendly versions are ready, some of the finest crypto games yet to emerge will only be accessible on desktop devices.
Crypto Games on iOS & Android
If you’re looking for Android crypto games, we recommend that you check out established titles like Axie Infinity, The Sandbox, or Sorare. These are also available as iOS crypto games.
There are many crypto video games that allow players to earn income by playing the game. This is a great way to make money while having fun. If you’re looking for a way to make some extra money, consider playing one of these games!
We hope you enjoyed this article on crypto video games. If you have any questions or comments, please feel free to reach out to us on social media or through our website. We would love to hear from you!