The international gaming market has been growing steadily for more than a decade, and it is now worth more than USD$135 billion. More ways to get involved have become available as the market has grown. According to research, the global gaming market will be worth more than USD$280 billion by 2027.
Play-to-Earn is an example of a place where blockchain technology and the gaming industry meet (P2E). People often play P2E games, but this was only sometimes the case. P2E, on the other hand, has been growing since it started in 2013.
This post will discuss how the P2E market works and give an overview of some of the most popular P2E games.
What are Play-To-Earn games?
When we say “Play-to-Earn” games, we mean games where players can earn real-world money or goods like Non-Fungible Tokens (NFTs) by playing. As technology got easier for more people to use, new video games and business models popped up.
A few decades ago, people who wanted to play their favorite games had to go to arcades. As money, players would use a sack of quarters to see who could get the highest score. But this was before the digital revolution, which brought games to mobile devices, personal computers, and gaming consoles like Xbox, PS5, and others.
Play-to-Earn is a new kind of game that has become popular recently, especially in the blockchain business. It’s a legal way for gamers to make money while doing what they love to do. By participating in the game’s ecosystem, players help other players and developers and are rewarded with items that can be traded within the game.
Coins and accessories could be tokenized and counted as digital assets on the blockchain. So, the “play to win” business model works for both blockchain and regular casino games.
Popular P2E games in 2023
Here is a list of one of the most popular P2E games in 2023. Hopefully, you’ll find one that suits your tastes.
- Axie Infinity
Axie Infinity is one of the best-known games you can play to earn money. It’s a Pokémon-style game based on the Ethereum blockchain. Each player builds a team of three Axies to battle other players and win Smooth Love Potion (SLP) and Axie Infinity Shards (AXS) tokens, which can be traded for money.
You can also earn rewards by completing tasks, beating AI enemies in Adventure mode, and growing resources that are important to the game. You should do your research to find out more about Axie Infinity’s SLP and AXS token.
Axies are kept on the blockchain as non-fungible tokens (NFTs) and can be traded on the Axie Infinity Marketplace. The most common Axies cost a few dollars, while the rare ones cost hundreds of thousands. Using the unique qualities of their Axies, players can breed new Axies with rare attributes that they can sell for money.
Since 2021, when it became one of the most popular play-to-earn games, Axie Infinity has continued to draw hundreds of thousands of players each month who spend millions of dollars daily. AXS, the game’s major investment and governance token, is our second choice for the best play-to-earn cryptocurrency to invest in.
- The Sandbox
Like a real sandbox, the Sandbox is a 3D virtual world where players can build anything. The Sandbox comprises many digital pieces of land, which the LAND NFT shows. On The Sandbox’s Marketplace, you can buy LAND and other items with SAND tokens.
This LAND is then used to build games, experiences, and social centers that can be sold and enjoyed by the rest of The Sandbox’s community. VoxEdit is where people can make their art, cars, wearables, characters, monsters, and other things.
The products made can be sold for money or used in The Sandbox’s Game Maker, a plug-and-play solution for making games. There are many immersive experiences in The Sandbox, like Hell’s Gate and Xalya Sanctuary, which were made with VoxEdit and Game Maker.
- CryptoBlades
The game of playing to win CryptoBlades is an RPG that also has a crypto element. The goal of this game is to fight other players, earn SKILL tokens, and improve your weapons to move up in the ranks.
Each character has a set of traits, like stamina and strength, that make them more likely to win duels. You can also buy or make more NFT weapons to increase your chances of winning.
Like in many other RPGs, you can teamup with other players and go on raids. Raids require you to beat one of the game’s bosses. The higher your team’s rating, the harder it will be to win.
But this also makes it more likely that you will find something valuable. You can also do quests to increase rank, which will help you get more out of SKILL. CryptoBlades is one of the most well-known play-to-earn role-playing games, and SKILL is one of the most promising cryptocurrency tokens.
Takeaway
Games, where players earn crypto tokens by playing, will soon be the hottest thing in the industry. Imagine having a lot of fun while making a lot of money. But because cryptocurrencies are volatile, you should be careful with games that require initial deposits.
Before you put money into cryptocurrency, it’s best to start from scratch and learn how it works. Be sure you can afford to lose the money you’re about to invest. Knowledge should always come first so that people don’t do dangerous things.
