According to a study by DappRadder, 49% of the blockchain sector is engaged in blockchain gaming. The study also found that Play-to-Earn games are becoming more and more popular, with the number of people playing them increasing every year.
Currently, there are about 410 gaming tokens on CoinMarketCapitalization with a total market capitalization of $13,703,237,407 and a total trading volume of $5,307,101,062. As Play-to-Earn games become more and more popular, it can be difficult to determine which game is right for you.
In this article, we will provide you with a guide on how to choose the right Play-to-Earn for you. Let’s start by explaining the Play-to-Earn ecosystem, and how it works.
Play-to-earn game ecosystem
There are two main reasons why people play games: to have fun or to earn money. In the past, most games were designed purely for entertainment purposes, with no way to monetize them.
However, the rise of digital currencies and in-game assets has created a new model for game development: the play-to-earn ecosystem. In this model, players can earn real money by playing games and completing in-game tasks.
It allows players to make a living from gaming. It also provides a valuable service to the game developers, who can use the player-generated content to improve their games.
The play-to-earn ecosystem consists of three main components:
- Players: The people who play the games and generate content.
- Developers: The people who create the games and sell in-game assets.
- Platforms: The companies that provide the infrastructure for the games and handle the transactions.
Most play-to-earn games have a C2C (or peer-to-peer) marketplace where in-game currency is sold. They also have a community treasury for rewarding the game’s competitive content. Trading of tokens and cryptocurrencies occurs on a cryptocurrency exchange.
How does a play-to-earn game work?
Rewards from the play-to-earn game can be in the form of in-game items, such as new characters or weapons, or they can be real-world items, such as gift cards or discounts.
The amount of the reward depends on the task’s difficulty and how well the player performs. For example, a player who completes a difficult task may receive a larger reward than a player who completes an easy task.
In addition, players may be able to earn bonus rewards by accomplishing tasks within a certain time limit or by achieving certain goals.
Notably, play-to-earn games provide an incentive for players to keep playing. They can also help promote competition among friends or family members.
The benefits of playing play-to-earn games
Players from all over the world can come together and compete in a play-to-earn game, regardless of their location or time zone. All you need is an internet connection and a device that can connect to the internet.
With P2E, players can monetize their gaming prowess by simply playing the game and completing the in-game tasks. For example, Axie sees more than 40% of its users earning $1,000 per month through the P2E model.
How to choose the right play-to-earn game for you
A growing number of games allow players to earn rewards by playing the game. This is often done through in-game purchases or by completing tasks or goals.
Choosing the right game can be challenging due to the numerous options available. Consider these steps when choosing a play-to-earn game:
Think about what type of game you want to play. Do you prefer fast-paced action games or slow-paced strategic games? There are play-to-earn games available in all genres, so it’s important to choose one that you’ll enjoy playing.
Check out the game’s website or social media accounts to see what other players are saying about it. Read reviews to get an idea of what features people like and don’t like.
Pay attention to the game’s economy. How do rewards work? What can you earn by playing the game? Please make sure the game you choose has an economy that makes sense to you and that you understand how it works.
Consider the time commitment required to earn the rewards. Some games can be played in short bursts, while others require long hours of playtime to earn the desired rewards. Choose a game that fits your schedule and won’t feel like a chore to play.
Consider the game’s community. A positive and supportive community can make playing the game more enjoyable. Try to find a game with a community you feel comfortable being a part of.
Check out the game’s development team. A good development team is essential for a well-made and constantly improving game. Make sure the game you choose is developed by a team you trust. A typical example is the EOS games like Crypto Dynasty and Prospectors.
Make sure the game you choose is available on your preferred platform. Some games are only available on certain platforms, so it’s important to check before committing to a game. For example, if you only play games on your mobile phone, make sure the game you choose is available on iOS or Android.
Tips for getting started with play-to-earn games
The world of play-to-earn games can be a bit overwhelming at first. But don’t worry – we’re here to help! Here are a few tips for getting started with play-to-earn games:
- Consider your goals
What do you want to get out of playing a play-to-earn game? Are you looking to earn some extra income? Or are you more interested in the challenge and competition? Knowing your goals will help you narrow down your options.
- Do your research.
There’s a lot to learn about play-to-earn games, so it’s important to do your research before jumping in. Read reviews, watch videos, and talk to other players to get a feel for the game.
- Start small.
Don’t feel like you need to commit to a long-term game right away. There are plenty of shorter games that can be just as fun and rewarding. And if you find you enjoy playing, you can always move on to a more serious game later.
At the end of the day, playing a play-to-earn game should be about having fun. So make sure to choose a game that sounds like it will be enjoyable for you.
Examples of popular play-to-earn games
Now that you know what to look for in a play-to-earn game, here are a few popular options to get you started:
- Alien Worlds – A free-to-play game set in a sci-fi world
- Axie Infinity – P2E Pokemon-like features
- So rare – Ethereum-based fantasy football game
- Forest Knights – Turn-Based Play to Earn game
- The Sandbox – An interesting game for creative people
- Splinterlands – Earn crypto tokens by battling against monsters
- Spells of Genesis – Puzzle-based P2E game
- Star Atlas – Explore the all-immersive metaverse
- Decentraland – Trade real-estate NFTs
- Silks – Exciting P2E game with a unique playing experience
- PriateXPirate – Strategy-based game for creatives
- Goodgamer – Compete head-to-head or in tournaments
These are just a few of the many play-to-earn games out there. So take your time, do your research, and find the perfect game for you!
Is play to earn the future of gaming?
The world of gaming is evolving. From early arcade games to today’s console games, the gaming industry has come a long way.
Today, there are more ways than ever to play games, and the trend seems to be moving towards mobile and online gaming. But as the industry evolves, one question remains: is play-to-earn the future of gaming?
NFTs and blockchain-based games seem to be pointing in that direction. With the ability to earn real-world rewards, play-to-earn games offer gamers a unique and appealing proposition.
Utility tokens and in-game economies also give players a reason to keep coming back. In a play-to-earn game, your time investment can pay off in the form of real earnings.
Without mincing words, play-to-earn games are becoming more popular every day. If you’re looking for a new and exciting way to play the game, then playing for rewards may be the perfect choice for you. With so many different types of games to choose from, it can be tough to decide which one is right for you. That’s why we’ve put together this guide on how to choose the right play-to-earn game for you. The right play-to-earn game for you is out there – all you need to do is find it via the game’s economy and team.
Featured Image: Unsplash