Can You Earn Crypto from Gaming? Learn About Play-to-Earn

Since time immemorial, games such as live casinos have been used to pass the time after a long day's work. The gaming world has attracted a huge following ever since its introduction. There is a high chance that even if you are not a gaming enthusiast, you can name at least one game. That's how huge it is! However, did you know that you can make a living out of gaming?

One of the main factors contributing to the paradigm shift is the rise of blockchain technology. Technology and the internet have played a significant role in revolutionizing the industry and other related ones (such as online sports betting). People can now generate income when playing games through cryptocurrencies and non-fungible tokens (NFTs).

What are Play-to-Earn Games?

Most typical games involve players racking up points and collecting digital items as they progress. These include items used in the game, such as weapons, coins, and wearables. For example, you can earn them as rewards after completing a certain level. Some games are even better, such that you can even buy these rewards using real currencies. The more you have, the easier your play gets. However, there has been one major setback; there was no option for players to exchange such materials and rewards for real cash.

Play-to-earn games come to play here. These days, game developers are creating unique items and rewards that players can exchange for either the native currency, NFTs, or cryptocurrency. Crypto earned can later be loaded into crypto wallets and later converted to a currency of your liking.

One of the most popular Play to Earn games is Axie Infinity. Developed in 2021, the game involves collecting and breeding gaming creatures known as Axies. Players use these creatures to explore the World of Lunacia. The Axies can also be sold between players for real money. At its peak, the game's players would make millions in the form of Axis sales daily.

The game was developed by a team known as Sky Mavis. After noticing the game-changer potential, companies like Ubisoft invested in this team. The team even developed Ronin (a sidechain) to streamline the sales.

The game uses an in-game currency, Smooth Love Portion (SLP). Players fight against opponents and complete missions to earn cash.

Another renowned P2E game is Alien World. Since its introduction, the NFT mining game has had a meteoric rise on the WAX blockchain. The game is centered around players moving different planets in search of fortune. They also mine Trillium, a cryptocurrency that you can exchange for real-world value. Trillium is the main currency in the game; it brings value to it. At the moment, most major crypto exchange platforms, such as Binance, allow its trade.

Participants also buy different NFTs representing some items in the game, for example, land, minions, weapons, avatars, and tools.

Other interesting P2E games include:

●     Plant vs. Undead

●     Battle of Guardians

●     MetaWars

●     DeFi Kingdoms

However, earning from these games requires dedication, planning, and skills. To make the most out of it, players' minds and bodies have to be alert and ready (they are the main tools of the trade). Practices such as getting enough sleep, learning gaming strategies, using CBD for alcoholism (for players who might feel emotional and want to drink), and picking the right game can make you a good gamer and earner too!

Why Should You Play These Play-to-Earn (P2E) Games?

Since it is still at its infant stages, it is not easy to determine the extent to which P2E gaming will be successful. At the moment, the industry is attracting a lot of attention, and rightly so. We expect more radical changes to make it even better.

Let's look at some of the advantages of playing P2E games:

It is a money-making opportunity for players

Old school gaming is known only to benefit the house (or the developers). However, with such new concepts, players now have the chance to make real money while doing something they love. Every time you play, you create value that you can later exchange for money outside the game.

It attracts more people to the game

Gaming has risen in popularity rapidly ever since developers introduced the concept. Before, people only viewed it as a way to pass the time. The fact that you can earn money from it, by itself, will welcome more players. This growth benefits the game owners, and the players have more opportunities to make money, too!

It is safe

Blockchain technology is the real deal. It is possible to prove, for example, NFT ownership through it.

Conclusion