Since the early 2010s, people around the world have been raving about cryptocurrency and how it is going to change the finance industry. This popularity further grew into something bigger when the price of one Bitcoin skyrocketed, making it one of the most iconic innovations to this day.
Consequently, more people are diving into the world of cryptocurrency and learning which coins or tokens are worth investing in. However, not a lot of people have the means of investing in crypto, and some find it discouraging to watch the fluctuations on their computer screens.
Lots of game developers have taken this as an opportunity to create something unique that will encourage more people to invest in crypto. As such, they have produced games that allow you to play and earn cryptocurrency!
With this fun and exciting approach, lots of people are downloading these games on their mobile phones and playing to their heart’s content. Get to know what these play-to-earn crypto games are by continuing to read this article here at Casino Days India.
What are play-to-earn crypto games?
Play-to-earn games, or P2E for short, are a form of entertainment where digital items have a monetary value. These items can come in the form of Non-fungible tokens or cryptocurrency tokens that players can sell for profit.
What are non-fungible tokens and cryptocurrency tokens?
Non-fungible tokens, or NFTs, are assets on a blockchain that have unique codes and other characteristics that prevent replication. These can come in the form of artworks, cards and more. On the other hand, cryptocurrency tokens are also digital assets built on blockchains, which can be used for trading and other purposes.
These two assets can be used to trade for cryptocurrencies such as Bitcoin, Ethereum and other altcoins.
How do play-to-earn crypto games work?
Now that you know what P2E games are, you should know how it works to further understand them. To start things off, play-to-earn crypto games use a business model that encourages gamers to keep playing. These can be done in the following ways:
- Gaining profit from playing
The unique thing about these P2E games is that they let you earn crypto from accomplishing daily tasks, quests and other events! These can include slaying monsters, playing together with a party or battling another player and winning to earn rewards. With this kind of approach, gamers are motivated to play every day due to the profit they earn from the crypto they receive.
- Collecting and trading in-game NFTs
P2E crypto games create and produce in-game NFTs that players can collect and trade to earn money. What’s interesting about these NFTs is that they can be items that players can use for their quests or can be used for collecting legendary objects. Either way, it is a good method for keeping the cash flowing in the P2E crypto gaming market.
Examples of P2E games and how they work
To give you an idea of what P2E games you can play, here are some of the top games people continue to play to this day. Learn about what they are and how they work by reading the sections below:
- Axie Infinity
Axie Infinity is a fighting game that lets you use Axies, which are adorable jelly bean monsters, and compete against other players. This game runs on the Ethereum blockchain, and all in-game items are non-fungible tokens. These come in the form of the Axies, which you can use to trade for fiat currencies.
To start playing, you need to have three starting Axies that you can buy from the official game marketplace. By playing daily, you can earn Smooth Love Potions (SLP), which is the in-game currency. When you have enough, you can trade these for real money or collect more to breed new Axies to get stronger and gain higher assets!
- Plant vs Undead
Another fun P2E crypto game you should try is the Plant vs Undead! This is a strategic defence game that lets you create plans to eliminate the undead and keep them from invading your NFT garden. In this game, there are two in-game currencies known as the PVU Tokens and Light Energy. The former lets you exchange with US dollars, while the latter allows you to have it swapped for more PVU tokens.
Plant vs Undead offers you two game modes: survival and farming. For the first one, you need to plant trees across your garden and protect the Mother Tree from multiple waves of the undead. Surviving each wave will reward you with PVU Tokens. On the other hand, the farming mode gives you the chance to be a gardener. With your own land, you can plant crops and harvest Light Energy.
- The Sandbox
If you are the type who loves to create, you should try The Sandbox. This is a game that lets you create a world out of unique in-game objects. While its gameplay has similarities with Minecraft and Roblox, The Sandbox allows its players to participate in its blockchain and marketplace where they can buy and sell creations. As a result, all players are motivated to build beautiful worlds that contain dazzling maps that the community has never seen before.
Should you try these P2E crypto games?
P2E crypto games promise a lot of fun and excitement based on what they offer their players. However, you need to be aware that you have to shell out some money before you start enjoying its perks and rewards. With that said, only play these games when you are willing to spend money and recover it as you play.
If you decide to play P2E games, remember that researching the game you are playing will help you maximise your money’s worth. Doing so will enhance your skills and let you receive higher rewards in the end.