What are play-to-earn crypto games? Can you make money?

Play-to-earn, as its name suggests, is a form that allows participants to earn money from participating in gaming.

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What are play-to-earn crypto games?

Play-to-earn, also known more briefly as p2e, is a form that allows participants to earn money from participating in gaming. This form appeared quite early through participants selling in-game items or participating in competitions to gain profits.

However, what we are talking about here are special games built on blockchain technology. Thanks to blockchain technology, play-to-earn games can create tokens and non-fungible in-game items (NFTs).

From here, players are rewarded with valuable items that can be exchanged to earn money as well as contribute to building a stronger ecosystem for the game developer.

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Advantages and disadvantages of play-to-earn games

Advantage

• Players can earn money from their gaming participation.
• The game tokens will be monitored by blockchain technology used to create the game, contributing to increased transparency for players.
• The assets and tokens that players obtain can be used to exchange at private exchanges without the need for a third party, but can also be traded at DEX or CEX exchanges if desired.
• Play-to-earn game design is often simple, easy to play, and easy to participate in, even for phone or computer users.

Disadvantages

• Mainly attracting players for profit, entertainment is hardly emphasized or promoted.
• The gameplay and graphics are often extremely minimalist, easily boring, and nothing special.
• Requires a certain investment to participate in or to progress further in the game.
• High volatility greatly affects the price of in-game tokens, which can make it difficult for those who want to earn from these titles.

Top popular play-to-earn games

Axie Infinity

Axie Infinity can be said to be a very popular name among crypto gamers, this is a play-to-earn game launched in 2017.

Inspired by another game, Pokemon, Axie Infinity allows players to collect, raise, breed, battle, and sell items from the game.

Apeiron

Apeiron is a game that blends classic God games with modern Roguelike action-adventure games.

With Apeiron, players can build a simulated planet to their liking and then reset this cycle when fully developed, from here forming quite interesting PVE and PVP gameplay.

Defi Warrior

Defi Warrior is a strategy game inspired by the cryptocurrency universe, developed by two core elements: DeFi and NFT.

Accordingly, when participating, players can use warriors to fight, rent,… or do any activity they want to earn profits.

Some questions about play-to-earn games

Are play-to-earn games free?

Most of the current play-to-earn games to attract participants will be free, but some games will require players a certain fee. The size of this fee will depend largely on the game publisher’s policy.

Besides, even though play-to-earn games are free to join, you still have to spend money if you want to go further.

Is the future of play-to-earn games growing?

Although play-to-earn games are quite attractive, their future development has many challenges such as:

• Too short of human resources.
• The lifespan of a game is quite short.
• The in-game economy is not sustainable

The above is just one of many problems hindering the development of play-to-earn games, but it is impossible to predict its success or failure in the future.

What is the most important element of a play-to-earn game?

The core element that every play-to-earn game must have is giving players ownership of the assets and content in the game.

In addition, a successful play-to-earn game must also build a mechanism to proactively increase the value of players’ assets.

Conclusion

Here is all the information we can share about the play-to-earn game. Hope this information will be useful to you. Besides, if you are interested in cryptocurrency, please take a look at the best crypto exchanges here.