The advancement of technology paved the way for more ways to make money and earn on the internet and established the “creator economy”.
Video games can be monetised now to earn a passive income the more you play and advance in the game, utilising the decentralised economy and digital currencies.
Play to earn is the newest term that refers to the player’s ability to create, play and earn money while playing various video and blockchain games. Let’s explain this concept and discuss the top crypto games that you can play today.
Explaining Play-to-Earn?
Video games have always been associated with collecting coins and conducting in-game trades. As the name refers to, play-to-earn means earning money by playing games. P2E games are mostly associated with blockchain technology and cryptocurrencies.
This experience is similar to the conventional video games. However, it adds innovative utility to any earned money in the game journey. Then, players can use these coins to conduct real-life transactions and investments.
The concept accompanied the rise of the metaverse and Web 3.0, entailing crypto and DeFi projects to create various games and tie them to the project’s native token and decentralised ecosystem.
P2E Games You Can Try
There are thousands of crypto games available across different DeFi projects and decentralised tokens. However, some gained huge popularity in the last few years, including.
Axie Infinity (AXS)
Axie Infinity was one of the first P2E games that grabbed the attention due to its gaming experience. The game is a simulation of having and breeding pets, developing their skills and engaging in battles with other Axies.
With an interactive in-game store, players can trade different items with fellow players, use the earned tokens “AXS” in staking campaigns or trade crypto pets as NFTs.
The Sandbox (SAND)
The Sandbox develops an interactive map utilising blockchain technology and decentralised finance. Players can build and monetise from experiences and digital assets, like museums, gyms and events.
Decentraland (MANA)
Similar to The Sandbox, Decentraland takes metaverse and Web 3.0 assets to another level, enabling players to create, rent, flip and sell properties and make money using a holistic creator’s economy.
MANA is the game’s native token, which is the central reward system and can be used for staking and trading in the game’s store.
Conclusion
Play to earn entails engaging in various crypto games and earning money the more you advance in the game, adding a new dimension to the in-game store and innovative utilities to decentralised tokens.
There are different games that use Web 3.0 and metaverse technologies to offer unique gaming experiences accompanied by various ways to create and monetise with cryptocurrencies.
