Play-to-earn games rule the internet as they blend entertainment and financial sectors that go hand in hand perfectly. But things are slightly different when it comes to playing games and earning cryptocurrencies. Dealing with digital coins requires investors and players to be aware of volatility and market instability. However, playing with crypto is more fun, as numerous communities have common interests, and the area leverages diverse games with NFTs, AI and dApps.
Of course, some games are more profitable than others. The coin in which the payment is made is also important because Bitcoin is more valuable than crypto gaming tokens, so gamers should check Bitcoin’s price on Binance before investing their time in such a game.
Still, there’s much to learn about play-to-earn crypto games as the blockchain universe in which they’re created expands continuously.
What are the Common Types of P2E Crypto Games?
While there’s a multitude of these games, most can be categorized into specific types, which lets gamers know what’s in for them before entering a community:
- Battle games are similar to shooting games, so they’re more popular than the rest. An example of a battle crypto game is Tamadoge, which includes battle elements since you need to fight other native doggos with yours;
- Real-estate games involve the transaction of virtual land. Decentraland and the Sandbox are the most famous in this sector, and they allow buying and selling real estate and interacting with other investors;
- Trading card games are like any regular card game but combine specific things like NFTs to make the game more enjoyable. Gods Unchained is such a game and requires players to trade cards with others to get additional unique assets;
- Collection games are the least competitive, such as CryptoKitties, where you have to breed and play with kittens all day long to get incentivized;
Are There Any Benefits to P2E Crypto Games?
Many consider crypto games as useless for earning income because they get incentivized after investing a lot of time in playing. At the same time, most coins cannot be withdrawn and leveraged in real life but are only used in the game, which many might not find appealing.
But this system is best for those who love playing games because they don’t need to invest real money to get their favorite character skin, for example. This is why they’re seen as a good source of income, even if crypto is only used for a hobby.
Moreover, P2E crypto games are usually developed on the blockchain, which is a transparent and fair ecosystem where players control what they’re doing. Plus, gamers have the power to transfer or sell their assets, so they don’t have to keep them in an inventory forever.
Getting into the community of crypto games allows people to engage with like-minded, creative players who want to spend their time in an innovative place where they can experiment with more game genres and features not available in traditional gaming.
Based on Their Limited Profitability, are P2E Crypto Games Safe?
The metaverse allows users to make playing games a side hustle, although it takes time to see actual results. Gamers can play different types of games for the sole purpose of getting coins, such as trading in-game unique tokens, collecting NFTs or staking coins for passive income.
And although these games are built on a blockchain, which is safe and encrypted, players still need to be wary of some aspects. For example, they must prioritize security and choose secure wallets for storing their in-game coins. At the same time, since these games are not regulated, it may be easier for issues to arise regarding intellectual property and consumer protection.
Finally, despite efforts to regulate the market, the volatility problem still needs to be addressed. In these games, one asset can value little to nothing if it’s not taken advantage of at the right time, which is only a matter of time and strategy. Therefore, players shouldn’t invest in their games and be prepared to face highs and lows in regard to prices of in-game features at any time.
What are Some Interesting P2E Crypto Games to Invest In?
Decentraland, the Sandbox and Axie Infinity are the most famous games in the sector, but others have promising features for investors, too, such as the following:
- Chimpzee is a game where you purchase an NFT passport and create your own NFT character through AI. The NFTs can then be staked to earn income. At the same time, the platform frequently donates money to the WILD Foundation to protect nature;
- Ecoterra has the unique recycle-to-earn concept where users earn coins and mitigate climate change. The system works by depositing recyclable items in special vending machines, which allows people to earn tokens;
- Pikamoon takes the traditional concept from the cartoons and transforms it into a P2E metaverse. The role-playing games consist of buying virtual land and Pika NFTs to explore the game and be used in battles;
- Splinterlands is one of the best trading card games where players collect, buy and sell them as NFTs. The classic Hearthstone inspired the blockchain-based game. Gamers can earn coins by learning the game’s rules and improving card-dueling skills;
Still, What Makes a P2E Crypto Game Good?
Telling whether a crypto game is good or bad might be subject to bias, which can’t be explained. Still, a simple concept of these games must be maintained regardless of their aim for innovation. P2E crypto games must allow users to earn coins and use them for multiple purposes in exchange for their time and skills invested in the game. If the player cannot put his abilities into the game and feel rewarded, the whole ecosystem will go to waste, so multiple games are flopping each month.
Bottom Line
Play-to-earn crypto games are not complex to understand or play. Still, they include volatility and other crypto-related aspects that must be considered before trying to make playing games a side hustle. However, the sector is constantly growing, so players will benefit from the upgraded versions of their favorite games.
