WHAT IS PLAY TO EARN? NEW WAY TO PLAY VIDEO GAMES 🤑
“Play to Earn” games, or P2E games, are gaining popularity despite the downturn in the cryptocurrency market, and for good reason: Players can still earn money while accumulating points.
“Play to Earn” cryptocurrency games are the hottest trend, allowing some to earn significant amounts. Let’s take a look to see what’s possible.
WHAT ARE CRYPTO GAMES OR PLAY-TO-EARN GAMES?
As the name implies, play-to-earn (or P2E) crypto games involve earning some form of cryptocurrency by playing. They usually involve earning in-game currency by completing quests, winning battles, and completing other types of challenges. Typically, you can exchange this in-game currency for Bitcoin, Ethereum, or another token on a decentralized exchange.
Sometimes you can start for free, but sometimes you have to make an initial investment (which could be considered the “catch”).
Funds earned by playing these games can be transferred to a cryptocurrency wallet or used to purchase other in-game items. They can also be used to purchase NFTs or non-fungible tokens. This means that players can claim ownership of in-game objects and sell or trade them.
The financial benefits of these games are a great incentive for players, which is why the P2E industry is growing so rapidly. These types of projects fall under an umbrella known as GameFi, the combination of gaming and decentralized finance (or DeFi).
Blockchain Technology
Blockchain makes it possible to decentralize currencies, projects, or programs!
The player will have full access to the entire procedure. The secure process will be transparent both to the user and to anyone who has access to it. Thus, with blockchain technology, anyone can have ownership of a part of the game.Ā
In the blockchain, the data structure consists of multiple “blocks” in which each block is linked to the previous one and its predecessors. This whole thread of linked lists is called a transaction list.
The process by which these blocks are created in a chain of lists is through a protocol. This process allows the network to decide how the blocks will be added.Ā
This decision-making procedure leads to the decentralized nature of blockchain technology. Proof-of-stake, proof-of-work, and proof-of-authority are decentralized elements with which decisions are made and agreed upon before adding blocks to the chain. A clear vision is needed for blockchain to create codes and digital assets.
Decentralization
Decentralized games can be defined as any game that is built and operated entirely or partially on blockchain technology. Decentralized games apply the same principles of DAOs to gaming companies that, combined with blockchain technology, allow for transparency and proof of ownership.Ā
It also allows players to have a say in how the game evolves, as well as the opportunity to earn as they play. All of this is transforming the way we view gaming. We no longer have to be passive players who have to pay to play. Instead, we can shape the games we like and earn as we play them.
Tech-savvy people who are fascinated with blockchain also tend to be people who are interested in gaming and actively participate in games. This has been seen with the popularity of NFTs in the gaming sector, with many rare and valuable NFTs being traded within gaming.
Until now, one frontier that had not been fully explored was decentralized gaming, i.e. games built and operated entirely with decentralized technology. Recent efforts seem to correct this, including the launch of Ulti Arena, a marketplace specifically for trading gaming assets with an eye on blockchain technology.
š„ Still don’t know what the metaverse is? We tell you all about it!
CASH REWARDS FOR PLAYING: CRYPTOCURRENCIES
What differentiates crypto games from traditional games, is that players can own their in-game assets and convert them into fiat money, exchange them for other cryptocurrencies, or join a liquidity pool – cryptocurrency contained in a smart contract that will later be used to create liquidity for transactions – in addition to NFTs.
Main payment method: Bitcoin
Developers can create a native in-game cryptocurrency in the form of tokens, or they can take the second approach and rely on existing cryptocurrencies. For example, with the most common payment method, Bitcoin.
For this reason, many games based on cryptocurrencies are also named after them. For example, Bitcoin Tycoon, Bitcoin Pop, etc. Not to mention the numerous games bearing the term “crypto”, such as CryptoKitties, Crypto Dragons, etc.
Although these games reward players directly with Bitcoin, it can take a while to accumulate a significant amount. In other words, the monetization process is often lengthy and the payouts are stingy, but they are real.
In-game rewards: NFTs
You can’t talk about crypto games without talking about NFTs. Let us explain this mysterious abbreviation.
NFTs (non-fungible tokens) are collectible virtual assets. They can take all sorts of forms, from images to music. In games, they are things that players have to collect anyway. For example, characters, objects, skins, or virtual terrains.
This all sounds pretty typical, doesn’t it? Here’s the catch with NFTs!Ā
NFTs are unique and irreplaceable assets that are impossible to duplicate. Think of them as the equivalent of the Mona Lisa painting.Ā
Only in the blockchain. And in the game. These assets are stored in the blockchain, not just in the game.
Let’s say two players have two nearly identical NFT characters in the same game. However, one of them has a red helmet, while the other has a blue one. If they were to swap, one of them would end up with a more valuable character than the other.
š In this post, we tell you more about the NFTs and how to create crypto art.
THE MOST FAMOUS PLAY-TO-EARN GAMES
Now that you know that play-to-earn crypto games are a big breakthrough for cryptocurrency enthusiasts, which ones, in particular, are the best?
Of course, the answer to this can be subjective, as different individuals enjoy different types of games. However, we have put together a list of P2E crypto games that are fun to play and are sure to earn you digital assets.
- Axie Infinity
- The Sandbox
- Plant vs Undead
- Battle Infinity
- Decentraland
- Alien Worlds
- Defi Kingdoms
- Pegaxy
- Illuvium
- Crypto Blades
It won’t be wrong to say that playing to win crypto games is the next sensation in the gaming universe. And what’s even better is if you can win a good amount while being entertained.
However, you have to be careful with NFT games that ask for initial investments, due to the volatility of cryptocurrencies.
RECENT POSTS
ORBITING DATING, WHAT IS IT?
Just when you thought you were getting the hang of what ghosting was, or even the whole stalking thing, along comes another new term: orbiting. It seems like navigating relationships has become even trickier since social media stepped into the scene. New terms and behaviors keep popping up, ones we never had to deal with […]
DOES MARIJUANA HELP WITH STRESS, REAL OR MYTH?
If there’s one thing that marijuana reigns supreme for, it’s because it has always had an incredibly close relationship with stress. The medicinal benefits of cannabis are the solution to everything that stress can generate in our bodies. This leads us precisely to want to delve into cannabis and stress in this post and take […]
OSCARS 2024: THE WINNERS OF THE 96TH EDITION
The Oscars might not be breaking any viewership records in recent years. The numbers are dropping, and the competition is getting tougher. Audiences are tuning into streaming platforms or exploring other forms of entertainment like video games, the new big thing in the leisure industry.Ā The Oscars persist and will continue to be a spectacle […]
CANNABIS CAKE: SPACE CAKE RECIPE
Space cakes truly live up to their name. It’s like having your favorite cake but with a magical touch of herb! Almost every coffee shop in Amsterdam has some type of space cake on their menu, and more people are daring to try them to experience a discreet and delicious edible high. The good news […]
SMOKING PAPER TURNS 100 AND CELEBRATES IT: 100 YEARS SHARING!
Smoking Paper Turns 100 Years, discover the contest: 100 years sharing.
LUKE JERRAMāS MOON: CATCH THE MOVING AND MESMERIZING EXHIBITION
Some museums are inherently eye-catching and the focus of attention and objectives, regardless of the value they house, such as the world’s largest science museum. And for unique museums, there is the traveling exhibition about our neighboring satellite, featuring a 7-meter large-scale model of the Moon. This is a traveling piece that has already visited […]
LEARN HOW YOU CAN MAKE MARIJUANA BEER
In the ever-evolving landscape of recreational cannabis, the combination of weed and beer has captured the attention of both marijuana enthusiasts and fermentation aficionados. Cannabis and beer stand out as two of the most popular remedies for relaxation; the former offers a gentle high, while the latter provides a subtle, sociable buzz. While it’s true […]
HOMEMADE SCENTED CANDLES: MAKE YOURS STEP-BY-STEP
Do you want to add a special touch of fragrance and atmosphere to your home? Making your scented candles is an easy and fun way to achieve that. Not only does it contribute to reducing stress, but it also opens up many creative possibilities for personalized decorations. Moreover, the process itself can be quite therapeutic! […]
WHO IS LIL PUMP: THE IRREVERENT OF RAP, TRAP, AND HIP-HOP
Who is Lil Pump? Lil Pump, whose real name is Gazzy GarcĆa, is an American rapper and trap singer. Born on August 17, 2000, in Miami, Florida, he has gained significant popularity throughout his career due to his catchy songs and extravagant style. At the age of 16, Lil Pump released his debut single āLil […]
VEGAN MAKEUP: WHAT IT IS AND WHY TO CHOOSE IT
Veganism has permeated virtually all products we commonly consume. That’s why we can affirm that the vegan trend is here to stay, and its relationship with makeup brings interesting innovations for all of us. Ā WHAT IS VEGAN MAKEUP? Vegan makeup has the particular characteristic that neither the product, its manufacturing process, nor the ingredients […]
CHICANO MURALS: CULTURE ON THE WALLS OF LA
While Los Angeles museums are amazing places to discover all types of artistic words, you can also experience the city’s art and culture by immersing yourself in its outdoor murals! East LA stands out as a prime location for this exploration, serving as the birthplace of the Chicano art movement originating in the 1960s. Chicano […]
HOW TO RECYCLE ALUMINUM CANS: STEP BY STEP
If you’ve landed on this post, it’s because you’re interested in caring for the planet by contributing, no matter how small. Recycling has become so important because it’s through this process that we can save energy, reduce pollution, and preserve natural resources, without which we’d be nothing. It’s incredible how much you can contribute through […]
LEARN HOW TO CLEAN YOUR IPHONE CHARGING PORT
If you’ve got an iPhone, you’ll need to know how to give its charging port a good clean. Most of us tend to overlook cleaning our phonesāsure, we might wipe the screen or figure out how to spruce up a transparent phone case, but that little port? It’s often left out of the cleaning routine. […]
RIDE WAVES: EXPERT KNEEBOARDING TIPS
Some people like to call it kneeboard surfing, but it’s been kneeboarding for ages now. Can you believe this cool water sport has been around for almost 50 years? Yep, it all started back in the early 1970s with the invention of the Knee Ski. It revolutionized how people hit the water behind a boat, […]
SMOKING CONTEST 100 YEARS SHARING: PRIZES, JURY AND HOW TO PARTICIPATE
Hey, creatives! Exciting news! Smoking is on the lookout for the next wave of creative talent, and we want YOU to be part of it! As we celebrate our 100 years of heritage, we’re thrilled to announce the launch of the Smoking Contest 100 Years Sharing! What’s it all about, you ask? Well, it’s our […]
EVERYTHING YOU NEED TO KNOW BEFORE GOING TO VALLEY OF FIRE STATE PARK
The Valley of Fire boasts some of the most incredible natural landscapes in the entire United States. Moreover, it’s so close to Las Vegas that it’s worth a visit if you’re passing through this city. The Valley of Fire State Park is a National Natural Landmark and Nevada’s first state park, established in 1934. However, […]
Newsletters
Last Minute new From Roll & Feel Sign-up
news