Play to earn — crypto games

Together with the growth of popularity in NFTs exchanging/buying/reselling, another branch of web3 was pumped up, mainly, the crypto games…

Kacper Hernacki

— 2 min read
Play to earn — crypto games

Together with the growth of popularity in NFTs exchanging/buying/reselling, another branch of web3 was pumped up, mainly, the crypto games. Inseparable part of each crypto game is earning assets nominated in cryptocurrencies.

Agenda:

  • Intro,
  • What is it?
  • Play to earn,
  • Popular games,
  • Conclusion.

What is it?

Crypto game is also known as the blockchain or NFT game. Basically, it is the video game with decentralized elements from blockchain. These elements like some unique items, can be traded and collected by other players with the proof of ownership.

Trading such decentralized items, often causes paying fees to the wallet address of the game owners. Web3 technologies used in this industry are: NFTs and cryptocurrencies.

Each item like some kind of sword, gun, helmet, etc. can be an NFT, purchased with crypto.

Blockchain games also very often offers some rewards in crypto not only through transfer of NFTs, but also for achievements, new levels, etc.

There are also games, which rewards players by steps they make while entire day of walking. It is a revolutionary concept of using web3.

Play to earn

It is the term which defines process of earning assets exchangeable to real money in games. As it is commonly known, it can be proceeded by collecting items which are NFTs or reward players by some achievements.

However, it can work behind the scenes on different ways. Mainly, there are two aspects of building such a game:

  • making own native cryptocurrency,
  • using existing one.

Some projects took the idea of creating play to earn games so serious that they developed own native cryptocurrencies and it resulted with a huge success. Great examples are:

  • MANA,
  • Axie Infinity.

This tokens exists on ethereum blockchain and their worth is going up and down with a crypto market fluctuations. However, own native currency can be very beneficial, it creates a brand, make game more independent and gives more possibilities to earn money by owners of the game.

Creating game on existing blockchain can be found more secure. However, the cumulation of needed assets can take a little longer than releasing own tokens.

  • Axie Infinity,
  • The sandbox,
  • Decentraland,
  • Sorare,
  • Gods unchainted,
  • Alien worlds,
  • Blankos Block Party.

Conclusion

Crypto games are the very beneficial industries last years. Since 2017 it gained a huge popularity and made incomes in cryptocurrencies, which were also pumped, what caused dramatically growth of value.

Playing a game which allows to earn changeable to real money assets, is always better than only “wasting” time in standard games. If only blockchain games will have a quality of the most popular video games, crypto games industry can be boosted to unbelievable level.

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