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 is a form that allows participants to earn money from participating in gaming
Play-to-earn is a form that allows participants to earn money from participating in gaming

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.

Besides, if you have time, we would like to suggest you check out other interesting content such as Profit May Rebound to Record in 2024, Bitcoin-Proxy Micro Added to MSCI World Stock,…

Advantages and disadvantages of play-to-earn games

Let's learn about advantages and disadvantages of play-to-earn games
Let’s learn about the 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 can be said to be a very popular name among crypto gamers

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

Let's answer some questions about games played to make money
Let’s answer some questions about games played to make money

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.

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