The “Play to Earn” phenomenon is emerging from the backstage of the internet to take the video game industry by storm. Here’s everything you need to know about this business model, as well as our selection of Best Play to Earn games for crypto NFT in 2022.
What is Play To Earn Games?
“Play To Earn” means exactly that, playing to… earn money (in the form of cryptocurrencies).
This business model is powerful from the point of view of the creators of “Play to Earn” games since players are incentivized to spend more hours and money in the game in order to succeed in making more money.
The key to this business model is giving gamers the right to own gaming assets. These assets are of different values and can either 1. increase value over time or 2. lose value over time. Players become owners of assets through non-fungible tokens (NFTs).
These NFTs can be swords, characters, dogs, and pretty much any other asset you can find in the game.
By playing the game and taking part in the game economy, players create value in the ecosystem for other players and developers. In return, players receive a reward in the form of NFTs or cryptocurrency that players can exchange for cash or other NFTs.
Players in “Play To Earn” games are rewarded for the amount of time and effort they put into the game.
5 best play to earn games for crypto NFT in 2022
Here is the list of all the best play to earn games for crypto NFT in 2022.
Decentraland is the best Play to Earn game for crypto NFT where you can buy, sell, create real estate, create NFTs and do many other things to earn NFTs and cryptocurrency usable in Decentraland.
The project was launched in 2020 on the popular Ethereum blockchain and quickly became one of the most popular projects in the Play To Earn world.
The Decentraland platform uses two native tokens LAND, and MANA. It allows players to purchase an array of virtual real estate, characters, and a ton of other in-game NFTs.
Players can create their own NFTs and sell them on Decentraland’s marketplace.
Here are some ways Decentraland players can use to earn in-game money:
- The player can create and sell digital assets and sell them on the Decentraland marketplace.
- The player can create real estate and charge fees to other players for them to use.
- Users can buy LAND, and use it to advertise, host games, or communities.
One of the main advantages of Decentraland is the accessibility of the game. Indeed, starting to play the game is super easy. Just head over to Decentraland’s website, and you’re good to go!
2. Axie Infinity
Axie Infinity is quite possibly one of the most popular Play To Earn games for crypto NFT in 2022.
Inspired by Pokémon (and other games like it), Axie Infinity players can collect, breed, breed, trade, and battle so cute creatures called Axies (which are NFTs).
These tiny creatures take many forms and have over 500 different body parts, including skins of dragons, plants, birds, animals, and many more. These different body parts (and their combinations) provide a four-tier rarity system:
As mentioned above, each Axies is also a non-fungible token (NFT). The different attributes of each of these Axies give them different strengths and weaknesses that can be used in combat.
Players can spend hours of labor improving their Axies and thereby selling them for higher market value.
The native cryptocurrency of the video game is AXS (Axie Infinity Shard); this digital currency is used to participate in the validation (staking) of the network and can also be used to participate in the governance of the game.
However, there is also a second digital currency used in the game, the SLP (Small Love Potion). This Ethereum blockchain-based token can be used to breed new Axies and can be earned by playing the game.
Both AXS and SLP can be used in-game and are tradeable on Binance and other major cryptocurrency exchanges.
Players earn money based on the price of SLP at the time of the sale. Several gamers can make a few hundred dollars (and even thousands) each month playing Axie Infinity.
3. The Sandbox
The Sandbox is so popular “Play To Earn” game in which developers and players can create their own experience and monetize it thanks to NFTs and SAND.
SAND is the cryptocurrency used to monetize and power the virtual Sandbox ecosystem with a total of 3,000,000,000 tokens available on the Ethereum blockchain.
Players can create NFTs in different forms to include them and sell them to other players for money!
LAND is a Sandbox Virtual Asset that represents a virtual property that players can use to create experiences using the millions of assets available in-game. Players can also sell them to other players. There is a supply of 166,646 pieces of LAND in the Sandbox ecosystem.
By playing Sandbox, you can either make money by monetizing your LAND by “lending” it to developers who will then pay you a commission or by monetizing your playing time.
4. Splinter lands
Splinterlands is another popular game with a “Play To Earn” ecosystem-based on Non-Fungible Token (NFT) technology.
The game is created on the HIVE blockchain. And in this game, players will have to fight a multitude of monsters and creatures to earn NFTs that can be used in the game. It can be sold on secondary markets and make money to players.
5. My DeFi Pet
My Defi Pet is a decentralized game that operates on two blockchain networks: Binance Smart Chain and KardiaChain.
In the game, players earn digital tokens by completing missions with animals. These tokens are then redeemable for cash on secondary markets.
The native token of the My Defi Pet game is DPET. This currency can be used by players to upgrade, trade, and buy animals. This currency is also used to improve the characteristics of your animals as well as to stake and earn passive income on your investment.
By playing the game and participating in the ecosystem, you will earn DPET. Another way to make money in the game is by participating in in-game auctions.
The game is becoming more and more popular, and the crypto community and its future is very bright.
“Play To Earn” games are not only a great way to have fun but also an innovative way to see the concept of “work.” Indeed, it’s interesting to think about the future in which some of us can potentially make a living playing game.
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