Play to Earn Crypto Games, also known as crypto blockchain based games, have been gaining popularity in recent years as a way for players to earn money, aka cryptocurrency while playing their favorite games. These games use blockchain technology to create a decentralized and transparent gaming experience, allowing players to truly own and trade their game assets.
History of Play to Earn Crypto Games
The first Play to earn crypto game was CryptoKitties, launched in November 2017 on the Ethereum Blockchain. This game allowed players to purchase, breed, and sell virtual cats, with each cat represented as a unique token on the blockchain. This simple concept proved incredibly popular, with some CryptoKitties selling for tens of thousands of dollars.
Since the success of CryptoKitties, Many Play to Earn crypto games have been developed, each with its unique twist on the concept. Games like Axie Infinity, The Sandbox, and Sorare have all gained significant player bases. The overall market for play-to-earn crypto games is expected to grow in the coming years.
How Play to Earn Crypto Games Work
At their core, Play to Earn crypto games function similarly to traditional games, with players completing tasks and earning rewards. However, instead of rewards being in the form of in-game currency or items, they are given as cryptocurrency. And you can trade these rewards on blockchain NFT’s marketplaces to exchange for real-world money.
An important aspect of play-to-earn crypto games is using non-fungible tokens (NFTs) to represent in-game assets. NFTs are unique digital assets that cannot be replicated or replaced and are stored on the blockchain it is also similar to a blockchain sports betting software. It also means that players own their in-game assets and can trade them with others without a centralized authority.
Benefits of Play to Earn Crypto Games
One of the biggest benefits of playing Play to earn crypto games is the ability for players to earn real world money. It can provide an additional income stream for players and lead to the creation of professional gaming careers.
Because back in the day, you have to become a pro player to make money in the gaming industry, but now, You don’t have to become a pro player.
And the other exponential advantage is blockchain technology which will boost transparency and security. Transactions on the blockchain are recorded and can be viewed by anyone, making it difficult for players to be scammed or cheated. And also, they can own the game assets.
Future Potential of Play to Earn Crypto Games
The Play to Earn crypto games market is still in its early stages, but it is expected to continue growing over the coming years. As more players become familiar with blockchain technology and game developers incorporate it into their games, we will see more Play to Earn crypto games being developed.
Additionally, NFTs in Play to Earn crypto games can revolutionize our thoughts about in-game world assets. In the future, we may see all digital game assets, such as items, artwork, and music represented and traded as NFTs, providing creators with a new way to monetize their work.
Here is a six list of some of the best Play to Earn Crypto Games that optimize the blockchain technology that is currently available in the market :
Axie Infinity – PC / MOBILE
Axie Infinity is a blockchain based game that allows players to breed, raise, and battle fantasy creatures called Axies. Players can earn cryptocurrency by breeding rare and powerful Axies, which can then be sold on the game’s marketplace through NFTs.
One of the unique features of Axie Infinity is its unique battle system, which allows players to strategically battle their Axies against other players’ creatures. this game has taken the Philippines by storm, it has a strong and active community of players in the Philippines, which creates a positive and engaging experience for players.
Pros: High earning potential, unique battle system, active community.
Cons: Complex breeding systems may require significant investment.
CryptoKitties – PC / MOBILE
CryptoKitties is a blockchain-based game that allows players to breed, raise, and trade virtual cats. Players can earn cryptocurrency by breeding rare and valuable cats, which you can sell on the game’s marketplace. One of the unique features of CryptoKitties is its historical significance as the first play-to-earn crypto game, which helped to popularize the concept.
Pros: High earning potential, historical significance, active community.
Cons: Limited breeding options may require significant investment.
Sorare – PC / MOBILE
Sorare is a blockchain-based game that allows players to collect and trade unique digital soccer cards. Players can earn cryptocurrency by collecting rare and valuable cards, similar to a game called pokemon which can then be sold on the game’s marketplace. One of the unique features of Sorare is its partnerships with major soccer clubs, which allows players to collect officially licensed digital cards of their favorite players.
Pros: High earning potential, officially licensed cards, active community.
Cons: Limited selection of cards may require significant investment.
ChainGuardians – PC / MOBILE
ChainGuardians is a blockchain-based strategy game that allows players to earn cryptocurrency by protecting their virtual kingdoms from outside enemy attacks similar to a game clash of clans. Players can earn money via cryptocurrency by upgrading their kingdoms, recruiting powerful heroes, and successfully defending against enemy attacks. One of the unique features of ChainGuardian is its use of a unique kingdom building ecosystem, which allows players to strategically build and upgrade their kingdoms.
Pros: High earning potential, unique kingdom building system, active community.
Cons: Steep learning curve, may require significant investment.
Aavegotchi – PC / MOBILE
Aavegotchi is a blockchain-based game that allows players to earn cryptocurrency by raising and training ghost like creatures called Aavegotchis. Players can earn money in cryptocurrency by winning battles with their Aavegotchis and breeding rare and powerful creatures. One of the unique features of Aavegotchi is its use of DeFi Decentralized Finance concepts in the game.
Pros: High earning potential, unique DeFi integration, active community.
Cons: Steep learning curve, may require significant investment.
The Sandbox – PC / MOBILE
The Sandbox is a blockchain-based game that allows players to create and monetize virtual worlds. Players can earn cryptocurrency by creating and selling virtual assets, such as buildings and characters, on the game’s own NFT marketplace. One of the unique features of The Sandbox is its use of a decentralized virtual world, which allows players to truly own and control their creations for example : unique buildings, lands, hotels, malls and many more.
Pros: High earning potential, creative freedom, active community.
Cons: Steep learning curve, may require significant investment.
It is important to note that the above games we list are examples, and many other play to earn (P2E) crypto games are available in the market. It’s important to research and evaluates each game individually to determine if it is a good fit for you and your earning goals.
Additionally, the earning potential, the uniqueness, and the learning curve can vary depending on the game, the market conditions, the players, and the community. As the industry continues to grow, we expect to see even more innovative and engaging games allowing players to earn money via cryptocurrency.
Thomas Mallory
I am a writer with a keen interest in technology and video games. From a young age, i have been drawn to the exciting world of technology and gaming, and has developed a deep understanding of these subjects over the years.