What are Play to Earn Crypto Games?
These unique games have native tokens supporting game economies. You buy, trade, sell, and play with these in-game currencies.
However, some games are premium needing an initial investment to start with, while some can be played for free.
Notably, most of these games are in early development, especially if you compare the graphics with traditionally top-level PlayStation or Xbox titles. So you’re a few years early if expecting a good-looking crypto game.
But keep the focus on the economics, and the rewards can be enough to keep you hooked.
How to Verify a P2E game?
This is an entirely new era. So, there are bad projects trying to steal, and it’s imperative to check the legitimacy before investing anything.
The first thing to check is tokenomics. What’s the total token supply, the release cycle, incentive to hold or stake, other use cases, etc.
An unlimited token supply may not be a good thing to start with. Moreover, staking and holding need to be rewarding to keep people invested.
However, there is no fixed recipe to judge a game’s future. But avoid investing big at the start, and don’t go in with an amount you can’t afford to lose.
Because crypto is one of the riskiest investments ever seen in these times, do a proper background check if the stakes are high enough for you.
Axie Infinity
Axie Infinity is the top P2E crypto game, consistently in the news for providing household income in some weaker economies (read the Philippines, Venezuela, etc.).
The game requires three Axies (in-game creatures) that you can purchase from their marketplace. Alternatively, you can buy eggs from the Axies labs and wait for them to turn into Axies. Moreover, you can also breed eggs with the Axies to produce new Axies and sell them in the marketplace.
These NFT Axies are meant to fight other Axies in the group of three to earn the native token, Axie Infinity Shards (AXS). This is the governance token that you can also exchange for real cash. Besides, one can stake them to earn crypto staking rewards.
The Sandbox
The Sandbox has multiple ways to earn. You can be an artist, game maker, or landowner to earn SAND, its metaverse cryptocurrency.
An artist can create useful assets with the platform’s tool VoxEdit. However, The Sandbox doesn’t allow just about everyone to upload NFTs on its marketplace. You need to apply to its creators’ fund with a portfolio to boost your chances of selection.
#gaming Another way to earn in the Sandbox is to purchase land to rent or create experiences (ex., games). The game maker needs no coding skills to design games. Afterward, as per The Sandbox, you can levy a fee for that experience that other players will pay.
Straightaway, this is very ambitious. Because metaverses themselves are similar to games, technically, you’ll be charging people to play a game inside a game.
A more sustainable way to make money is to purchase land in the metaverse and sell it at opportune times or rent it out. Overall, this is a metaverse needing real-life perspective to make (or lose) money.
Pegaxy
Pegaxy is a play-to-earn horse racing game. You purchase or rent a pega to race with the top 3 earning rewards in VIS, the in-game currency.
However, as of now, you exercise minimal control over the actual racing.
As a Pega owner, your role is limited to verifying the track elements, selecting specific Pega, and choosing appropriate gear. The racing is random without any human control, unlike the conventional games.
Pegas are available at Pegaxy marketplace, which you can purchase with USDT.
Moreover, there is breeding to create little Pegas. These offsprings get ready to breed or race in the stipulated time as per their bloodline.
In addition, you can fuse two Pegas into one to earn higher VIS rewards. However, breeding and fusion cost you in VIS and PGX (governance token).
Earning is supported by racing, selling, and renting Pegas. And the staking is in the works, along with better gaming controls that’ll make the race skill-based