Have you ever dreamed of getting paid to play video games? Now it’s no longer necessary to grind for in-game items that disappear when you move on to the next game. The play games to earn money model compensates your talent and effort with real assets.
Perhaps, we can illustrate this simply with a small example of play games to earn money.
Imagine a world where your favorite pastime not only provides hours of entertainment but also puts real money in your pocket. Meet Alex, a passionate gamer who always dreamed of making a living through gaming. One day, while scrolling through his favorite gaming forum, Alex stumbled upon an intriguing concept: play-to-earn games. Curious and excited, he decided to dive into this new world, where players are rewarded with cryptocurrency and valuable digital assets for their skills and dedication.
But Alex’s story is just one among thousands. Across the globe, players are discovering the potential of P2E games to transform their gaming experience and financial futures. In contrast to regular games, in which people hence invest time and sometimes cash yet get nothing out of it, P2E games offer a previously unimagined play game to earn money concept and have fun on the same game.
This blog will look at the types of earning rewards through play-to-earn games, how P2E games works, and so on.
The Growing Popularity of Earning Gaming Platform
At the moment, P2E games have grown in popularity and attracted millions of players worldwide. Earning money or rewards while having fun is the appeal of play-to-earn platforms for cryptocurrency enthusiasts. Many people find gaming to be a favorite activity, and the idea paid for it is a dream come true for them. In effect, blockchain technology enables P2E games to provide verifiable ownership of in-game goods, which can sell by players for real money.
Types of Play-to-Earn Crypto Games
The idea of making money while playing games is mesmerizing. Get ready to turn your gaming skills into a most profitable venture and join the ranks of those who play to pay!
Here are some of the popular sorts of P2E crypto games to play games to earn money:
1. Role-Playing Games (RPGs): Try yourself in the breathless P2E game where one is free to travel long distances across the virtual worlds. As you complete missions, combat strong creatures and master the skill of crafting. Nonetheless, you will accumulate precious in-game assets with tangible real-world worth in the form of cryptocurrency. In the form of cryptocurrency, you would build up a collection of valuable items within the game with actual value in the real world.
2. DeFi Games: Financial elements of Decentralized Finance (DeFi) crypto games employ blockchain, where players can earn interest or secure prizes in DeFi protocols within the game.
3. Collectible Card Games (CCGs): CCGs are a combination of card games and blockchain where the players can trade, buy, and challenge with cards. They usually have certain features relative to the banknotes, and it is possible to quote the crypto market.
4. Virtual Real Estate Games: A concrete, advanced virtual real estate play-to-earn model with high potential earnings involves the purchase and construction of virtual real estate through blockchain technology. They might perspire some cash flow from now on, and then the value might improve over time too.
5. Social and Virtual World Games: In P2E games, regarding the emerging social P2E games and virtual world, one would be able to make friendships, own assets, and get value from social networking.
6. Play-to-earn NFT Games: Those are game assets, and non-fungible tokens (NFTs) are an integral part of most profitable play-to-earn games. Earning, buying, and selling NFTs helps people make money out of their victories in the game.
7. Adventure and Exploration Games: Take the most exciting ride in play games to earn money and explore the game genre. The packages include riddles and puzzles to unearth mysteries and treasures, and interesting narratives for precious gifts and honors.
8. Strategy Games: Strategic decisions are made in strategy based play-to-earn games. By all means, in these fictional worlds, they are creating kingdoms, calling armies, and ruling civilizations, and the objective of receiving prizes may be the maximum achievement of this logic.
Popular Play-to-Earn Crypto Games in 2024 – An Overview
Play-to-earn crypto games come in different genres and techniques, and all of them imply certain opportunities for a participant to earn. Here are some of the popular sorts of play-to-earn crypto games:
1. CoinFantasy: CoinFantasy is a play-to-earn gaming platform that offers players the opportunity to earn cryptocurrency through fantasy trading. It brings together blockchain security, transparent economics, and community-driven innovation to change gaming and finance convergence. Besides, it’s a virtual financial world where individuals can create Bitcoin investments, compete on simulated markets, and win real cash rewards.
2. Axie Infinity: It is one of the most popular and recognizable games created on the Ethereum platform,m where the player buys, breeds, and fights mythical creatures called Axies. Moreover, it emphasizes its expressly strategic component and players’ actions.
3. Decentraland: On the Ethereum platform, users can construct, buy, and sell decentralized virtual real estate and NFTs in this extensive virtual terrain known as Decentraland. Surprisingly, Decentraland is one of the favorite gaming platforms in the Cryptoverse.
4. Gods Unchained: This is a decentralized card game, combining elements of strategy with a bit of collecting since the players have full control over the cards. Like, they can trade and even sell these within the Ethereum network.
5. My Neighbor Alice: It is a beautiful online agricultural game. Therefore, it applies the concept of blockchain technology in availing players an opportunity to be owners of virtual islands and cultivate crops, as well as interact with friendly people. This gaming experience is best for its non-discriminatory nature, allowing players to enjoy it for free.
6. Splinterlands: You set out an action game in the turning wheel of fighters, where you buy, sell, and battle using collectors’ NFT cards. Indeed, these cards are stored on Binance coin (BNB) chains.
7. Illuvium: An open-world play-action video game located in a sci-fi setting that has components of creature collection and auto-battlers. As well as interoperable play to earn blockchain gaming aspects that enhance the gameplay experience.
8. Star Atlas: Atlas is a Solana-based interstellar exploration and strategy game that provides a full metaverse experience, including detailed mythology, NFT ownership, and dual-token economy.
Click here to discover more and to get a detailed explanation about the best play-to-earn crypto games in 2024.
What are the types of rewards in play-to-earn games in 2024?
In-game currency
Players frequently earn specific tokens or cryptocurrencies in Play-to-Earn games, which are then referred to as in-game currency. They use in-game money to obtain through performing daily tasks, missions, or specified hard missions significantly.
Special events or promotions within the game may indicate other means of earning in-game cash that offer similar opportunities. Probably, the actual cash in the game is often convertible to other digital or even fiat currencies on numerous markets.
Non-fungible tokens (NFTs)
NFTs are individual digital assets that reflect ownership of certain goods, characters, or achievements in a game. Unlike in-game cash, NFTs are one-of-a-kind and may be quite valuable owing to their scarcity and uniqueness.
To gain NFTs, players can find uncommon objects or complete achievements in the game. Some games enable players to convert objects into NFTs, which increases their worth. Although, participation in special events or limited-time offers may also result in the earning of unique play to earn crypto games with NFTs.
Tournament winnings
Tournaments are competitive events in which players compete for large prize pools. Get rewards by play games to earn money and received include figuring out the in-game cash. As well as, NFTs and various other reward amounts and they could be large.
In case, this situation implies that to be a winner in tournaments it is necessary to possess a solid level of skill as much as a high level of strategic planning. There are events where people need to work in pairs, and proper collaboration with co-workers can increase productivity in different cases. Participation in tournaments increases the probability of winning and therefore granting certain rebates.
Game-Specific Bonuses & Promotions
In play-to-earn games, they present new players with a bonus when they register and also start to play. After that, inviting friends or other players to this game may imply additional advantages since people from this circle are more likely to be trustworthy. During holidays or with special objectives or campaigns, additional advantages can be generated by organizing play events to earn money.
How Can You Safeguard Your Accounts and Earnings with Play-to-Earn Games?
Play-to-earn (P2E) games with any online activity involving financial transactions, it’s crucial to take security seriously. Security is critical since you play games to earn money in accounts and hard-earned prizes are attractive targets for criminal actors.
Fear not, daring adventurer!
1. Create strong and unique passwords
Strong and unique passwords are your first line of security against illegal access. First, weak passwords are readily guessed or cracked, making your accounts open to assaults. Secondly, avoid using readily guessed information like your name, birthdate, or common terms. Password managers can generate and store complicated passwords, so you don’t have to remember them all.
2. Enable two-factor authentication (2FA)
Two-factor authentication (2FA) might be a code given to your mobile device or generated by an authentication software program. First of all, even knowing your password will not be enough for the invader to take control of your account, there is always a second factor of authentication to be provided. It is also an easy solution when joining services that allow 2FA to add an extensive protection layer for users.
3. Secure your digital wallet
Digital wallets are 2 two types software-based wallets and hardware wallets. Select wallets from sellers with good track records in the disposal of quality items. If it is possible, then use the PIN codes and biometric authentication. Hardware wallets could be said to be the most secure for holding large amounts of Bitcoin because they are not connected to the internet.
4. Do not fall for a phishing scam
Phishing refers to an act whereby an attacker presents as genuine, an organization or an entity they are not. That is why cheats often use e-mail messages, accounts in social networks, and fake Internet sites to lure consumers into sharing their passwords.
Before entering any information, ensure that the website address begins with “https”. Also note that the tentative status of this site is indicated by the fact that, in the URLs used for links to other resources, its address starts with “//”. Avoid random communications and make sure to check the sender’s email.
5. Regularly monitor your accounts
To identify a security violation quickly, you can also pay attention to daily changes in your account’s operation. Also, you should review your transaction history from time to time to check for any forms of activity that you consider awkward. It is recommended to check the applications and services that were granted permission, then deny permission to those you no longer require.
6. Check the security updates
The security situation on the internet is dynamic and it is always vital to know the latest threats and evolutions to strengthen security. Follow the opinions of play games to earn money creators and security news portals. Interacting with other players can produce good advice and can also generate a lot of great ideas from the community.
7. Use secure networks
Public Wi-Fi networks might be anyone’s connection. Thus, they can make your data an easy target for hackers. If at all possible, ensure that you use a secure and personal Wi-Fi connection. Encryption of your internet connection might be achieved through the use of a Virtual Private Network (VPN) if you have one, which would mean your accounts are even more secure.
8. Back up your data
Backup could help you restore your accounts and earnings in case your data has been stolen or deleted. It is advisable to store your wallet recovery phrases somewhere secure. Even better, on a physical medium that is not connected to the Internet. Save important information regularly and protect it from different threats.
“The worldwide Play-to-Earn NFT Games market was valued at USD 3292.73 million in 2022 and is expected to reach USD 8856.95 million by 2028, with a CAGR of 17.93% between 2022 and 2028.”
Importance of social activities to earn rewards using P2E games
Apart from entertainment, joining related social activities like communities and forums is essential in the context of play games to earn money. It is applicable in enhancing the ecology, gaming, and player connection, which is relevant to society’s well-being.
Here’s a breakdown of a few facts aimed at explaining why social activities are necessary for P2E games to thrive.
1. Creating a Stronger Community
Engaging communities can result in more loyal players, who are more willing to invest time and money in the game. It provides a forum for gamers like a telegram group to discuss their experiences, techniques, and suggestions, which may improve gaming and pleasure. Strong communities also bring in more players through word-of-mouth, which is another form of recommendation and assists in the game’s expansion.
2. Sharing knowledge and strategies
Members of the community often help new players, explaining the game and its difficulties and helping to overcome them. Accordingly, the participants can discuss strategies and practices with other participants to increase performance and revenue. It is quite informative to understand that forums and community platforms are valuable tools that can help those people study other individuals’ cases.
3. Influencing Game Development
To monitor what the players have to say regarding gameplay mechanisms, components, or the overall feel of the game, game developers often follow community forums. Some developers may modify and alter their efforts from the community, resulting in an all-inclusive enhancement of the game.
Community interaction presents players with direct control of the development process of the best P2E games. Players participate in the iterative development cycle by articulating their preferences, proposing modifications, and explaining the problem. Through the play games and earn money model, there is a collaboration that improves the quality of games while at the same time building much-needed trust.
4. Economic and Trade Insights
Most community discussions always include discussions on the economic facets of the game, such as the worth of items as long as trades. The inside information of the experienced players makes other informed decisions of either buying, selling, or even investing in any of the virtual assets of the game.
Discussions in forums and groups are about the use of products and services as a market for players and in-game assets like bitcoins and NFTs. Market information and economic indicators facilitate the formulation of investment strategies and the improvement of players’ revenues.
5. Strengthening social bonds
Youth communities foster friendship and partnership among gamers. Such social relations are formed through virtual meetings, contests, and informal parties outside the game.
Beyond games, P2E networks foster social relationships and meaningful interactions among gamers globally. In this matter, relationships provide a supportive atmosphere in which players may celebrate successes, conquer obstacles together, and form long-lasting friendships. Social activities in these communities boost player happiness and add to an enjoyable gaming experience.
Conclusion
In conclusion, play-to-earn gaming is revolutionizing the gaming industry as it offers benefits in the real world for people’s favorite activities. Coupled with incorrect and correct strategies, this is very evident when it comes to gaming. Nonetheless, with the right strategy and security standards, the participants can be able to make lots of cash while having lots of fun. CoinFantasy unites the features of playing fantasy sports and buying and selling cryptocurrency games.
The gaming industry is facing a change. As a result, play-to-earn games are no longer a future notion, but rather a dynamic reality with mesmerizing opportunities. P2E games contain enormous potential for the future of gaming. Imagine a future in which your enthusiasm for gaming can be used not just for amusement, but also as a source of revenue. Overall, with ongoing innovation and the creation of intriguing gameplay, P2E games have the potential to become a mainstream phenomenon.
Have you ever played a play-to-earn game? Are you ready to earn rewards?
Login to CoinFantasy and join the community forums! We look forward to starting your journey soon!
Frequently Asked Questions
1. What are the most prevalent security threats to P2E games?
The most common security risks include fraudulent schemes, weak passwords, insecure digital wallets, and illegal access due to a lack of two-factor authentication (2FA). Nevertheless, a strong password should be at least 12 characters long, with a combination of upper and lower case letters, digits, and special characters. Avoid utilizing readily guessed facts conversely.
2. What features do P2E games have?
In play-to-earn games, players get rewarded with tokens when they do certain activities within the game. The platform rewards the players earn in-game rewards, for their participation in the ecosystem and progress in the game.
3. Which P2E games can I invest in and particularly which play to earn games can I play to make money?
Some are current while others are still under development some of the play-to-earn crypto games that exist the CoinFantasy game, PlayDoge, Splinterlands, and Axie Infinity enable players to be paid directly in tokens and then exchanged for fiat currency.
4. What are the steps I should take if I want to engage in games, which employ blockchain technology?
Without failure, most blockchain or crypto games require players to own Bitcoin, and often, they have to use crypto wallets. To enjoy blockchain-based P2E games, one has to first create and link his/her wallet to the game.
5. Is blockchain gaming safe?
In general, blockchain gaming technologies are safe, and the transparency of public ledgers when dealing with in-game assets may aid in addressing a variety of concerns related to in-game thefts where assets are not tokenized. However, like with any crypto platform involving large sums of money, crypto gaming platforms are a tempting target for hackers. Therefore, you should always adhere to the best crypto security procedures.
