A new gaming sensation is sweeping the land of crypto. Play-to-earn crypto games are geared towards adults, and they reward participants with cryptocurrency (e.g., Bitcoin, Ethereum, Litecoin, Floki) or NFTs (blockchains). If you’re thinking of getting into crypto, you might not know where to start. However, purchasing crypto doesn’t have to be complicated. For example, you can easily buy Floki online, and there are step-by-step tutorials to guide you through it. The most common game people go for is Axie Infinity. It allows you to collect “axies” in any available games and receive Blockchain as compensation for playing them.
The Realm of Axie Infinity
Some play-to-earn games are free to play, but the payout at the end isn’t much. However, with Axie Infinity, players must have 3 Axies before playing. Axies do cost real money, and you might end up spending more than you would expect for an online game. You make money back through different methods, such as staking or selling different tokens within the game. These types of games allow you to earn your crypto by playing them, so they can be an easy way to add more crypto to your wallet. A unique feature of Axie Infinity is that anything you acquire in the game belongs to you, and you can exchange them on other platforms. If you decide that you no longer wish to continue with the game, you have the option to sell your Axies back, and their price is refunded to you.
This is a highly lucrative form of getting people to buy into a blockchain, simply enticing people to earn real-world blockchain by having fun. With the additional bonus of making NFTs, you’re also gaining assets that you can resell in a marketplace.
Another aspect of play-to-earn games to consider is that parents can create wallets and allow their children or teenagers to play these games in the future, which would enable them to do things they couldn’t do after playing Xbox. In theory, crypto games could, for example, allow them to earn money to spend on real-world items, save for college, or save for the future.
It is a new era of gaming where you can earn NFTs (a true digital asset), which you can sell outside of the platform. Take Fortnite, one of the most popular standard games on the market now, Fortnite. Players buy and sell ‘skins’ in-game but imagine these were real investments they could sell in open markets. In play-to-earn crypto games, NFTs are the equivalent real asset.
Further thoughts on this gaming model suggest it opens our mental capacity to imagine a world where people can make a living in a metaverse and provides a way out of spending time in a metaverse we can’t own.
In the world we live in now, economic value is generated and captured by private companies who don’t share the spoils with the people who made it possible. Play-to-earn gaming offers a much different perspective.
The Future of Play-To-Earn Gaming
The potential to earn on this gaming model is unlimited, and many are currently using it to create side income alongside their day jobs. For example, average players can make a few hundred dollars a month just for playing a couple of hours a day. It’s also given the opportunity to people in developing countries to earn a respectable living by playing games on the metaverse.
As the Metaverse continues to evolve, it’s clear we will see more play-to-earn gaming as an avenue for people to make money. It will make a full-time career as a professional gamer even more possible.
Likely, we only see the beginning of play-to-earn gaming. With more and more people getting involved, it will also lead to an increased interest in cryptocurrencies and NFTs.
