The crypto market has been particularly attractive for private individuals for several years because it offers one thing above all: profits. Traders can make more profits in this sector than in any other area of the financial sector. That's because digital assets bring huge profits during their massive surge. While that hasn't been the case for the past few days, there are a few ways that those interested in the crypto market can make a profit, such as Play to Earn Games.
Was sind Play to Earn Spiele?
Play to Earn Games reward players with virtual rewards that have real-world value. Most of these games employ digital assets, allowing users to receive rewards for successfully playing and completing levels. Although there have been games in the past where players could earn rewards, blockchain has revolutionized how these games work.
Another element that has also revolutionized Play to Earn games are NFTs. These are unique tokens that represent ownership rights to a specific digital artifact, in most cases images or videos. Unlike most video games, where the company is responsible for the in-game artifacts, NFTs allow players to keep their in-game assets. They can sell their rewards for money inside and outside the gaming platform.
How did Play to Earn games come about in the first place?
Play to Earn games gained huge popularity in the crypto market with the launch of Axie Infinity in 2018. The game was developed by Sky Mavis Studio. The game's participants compete to collect Axies, a cartoon creature in the game. These axes are represented by NFTs, each with different strengths and weaknesses. Players can master different adventures, breed Axies and even make their Axies fight.
As the in-game battles progress, players will earn Smooth Love Potion, a reward in the form of tokens that can be cashed out. Axie Infinity has approximately 2.8 million users worldwide. Other Play to Earn games include Aavegotchi, a game developed by the creators of Aave. Players stake tokens in cartoon creatures and receive their rewards in Aave.
The 3 best Play to Earn games in April 2022
Over the past few years, there have been many NFT games that have made waves in the crypto market. Since many traders continue to use these projects to make money, we think it's useful to know which platforms are of particular interest.
#1 Axie Infinity
The Axie Infinity game is one of the oldest and most popular play to earn games in the crypto sector. As mentioned, it was launched in 2018 and has been growing rapidly ever since. Around two million players are currently using the platform to earn rewards every day. The game is similar to Pokémon, but on a digital platform.
Players collect Axies, characters with unique traits and special powers. With these, they can explore the Axie universe or compete against other players. The Axis are minted on Ethereum. With the Axies, players earn Smooth Love Potion tokens (SLP), which they can trade on Binance , among others . The game's native token, AXS, is also tradable on the major exchanges and currently has a market cap of over $3 billion.
#2 The Sandbox
Within the game world of the blockchain version of The Sandbox, gamers can purchase so-called parcels with digital currencies. One of these parcels is the LAND token, which represents 96 square meters of land in the game world. The LAND token is based on the Ethereum token standard ERC-721. The Sandbox is one of the most popular Metaverse games ever and has already attracted more than 200 major partners from the offline world, including major brands and personalities such as Snoop Dogg, Gucci or even Adidas.
Play to Earn
Within their lots, players can then build their own items or even develop their own smaller games. The gamers own their creations. They are their own NFTs and therefore their unique digital property. In addition to its game world, The Sandbox also offers a marketplace where your own individual creations can be exchanged for digital currencies. The in-house cryptocurrency SAND facilitates trading on the NFT platform.
#3 Decentraland
Decentraland is a virtual game based on cryptocurrencies that allows players to buy, hold and sell lands using digital assets. Land owners determine how the land behaves. To start your journey in the game you need to create a unique avatar to play with in the game. After that, you can dive into the game world and begin your Metaverse journey. Decentraland gives you the opportunity to interact with other players worldwide. To buy land on the virtual platform you need to buy MANA tokens.
As with most games, every NFT you collect in-game can be sold. MANA has a current market capitalization of over $4 billion with 1,870,798,568 MANA tokens currently in circulation.
Play to Earn
As predicted several years ago, the crypto market continues to revolutionize and evolve. Although trading in digital assets continues to thrive, Play To Earn games offer a whole new level of excitement and opportunities to earn rewards.
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