Play-to-Earn Games: A New Way to Combine Fun with Making Real Money

The emergence of virtual assets has impacted most things across the world. One of its impacts in the gaming world is the introduction of play-to-earn

The emergence of virtual assets has impacted most things across the world. One of its impacts in the gaming world is the introduction of play-to-earn, which allows players to combine fun with making real money. The introduction of Blockchain technology and cryptocurrency has really changed a lot in the gaming industry.

Players are now turning their passion for gaming into a lucrative venture. They can now farm virtual assets and trade non-fungible tokens (NFTs). This article looks at the best play-to-earn games, their growth and how players can use them to maximize their earnings.

What Are Play-to-Earn Games?

In simple words, play-to-earn games are built on Blockchain networks. They allow players to earn rewards like cryptocurrency, in-game items or NFT, which they can trade or sell for fiat assets. They are different from traditional gaming because they do not take money from users, but rather, players earn when playing them. P2E games provide tangible returns to the player for their time and effort. Players can own, sell, or rent items, making gaming not only enjoyable but also a viable side hustle.

The Philippines is one country where gaming culture is deeply ingrained and the region is also among those first to embrace innovation. With many Filipinos earning below 15,000 pesos in a month, the P2E games are an alternative source of income.

A report from The Filipino Times noted that “during the height of the pandemic, many turned to P2E games like Axie Infinity as a primary source of income.”

One major reason for this boom is the accessibility of the game on mobile platforms. With just an internet connection and smartphones, players can stark points from P2E games and cash out real money. Another reason is the ability to use GCash, the country’s best E-wallet. It simplifies transactions for gamers, and players can easily cash out their earnings with it or make in-game purchases.

In 2022, the country is ranked fourth among the top P2E participants.

The Finder Gaming Adoption Report stated in 2022 that “Out of 26 countries surveyed by global ?ntech platform Finder, the Philippines ranked 4th with the highest non-fungible token (NFT) adoption globally. Also, the study revealed that 25% or one out of every four Filipinos played play-to-earn (P2E) NFT games, like Axie In?nity.”

The Most Profitable Play-to-Earn Games

Here’s a look at some of the most profitable play-to-earn games making waves globally.

Axie Infinity

Axie Infinity is a Pokeman-inspired game built on the Ethereum chain network. In the game, players have to breed, raise and battle a digital animation called Axies. The Axies are to battle against other players. The point earned from the game is called a Smooth Love Potion (SLP) token. The token can be swapped for other crypto assets or converted into real money.

The Sandbox

This is a metaverse game that allows players to create and monetize virtual real estate as assets. Players will buy virtual land, build structures, create art and even host events within the virtual space. The digital property can be sold for as much as thousands of dollars and the token (SAND) can be swapped into real money. The game is built on Ethereum and Polygon blockchains.

Big Time

It is a free game-the-play and earn-to-play games that combine traditional gameplay with blockchain technology. The game can be played in four different classes. There are Time Warrior, Chronomancer, Shadowblade, and Quantum Fixer.

Players can easily switch between these classes and still maintain the same character across the classes. A group of six will collaborate to undertake an adventure in dungeons. Getting to the dungeon will give players access to rare loot, which include NFTs and in-game currency called Big Time Token. The token can be swapped into another cryptocurrency or sold for real money.

Illuvium

This is an open-world RPG game built on the Ethereum blockchain network. Players have to capture and battle mythical creatures called illuvials. After completing quests, battling other players or participating in the in-game event, they will be rewarded with a native token called ILV. The token can also be swapped for real money.

My DeFi Pet

My DeFi Pet is built on the Binance Smart Chain (BSC) blockchain. Players are to collect, raise and train unique digital pets. Each pet has their characteristic strengths and weaknesses.

The ultimate goal for players is to build a strong team of pets and compete against other players to earn rewards. Players earn DPET as a token, and it can be used to purchase in-game items, used for battles and can be used to access other premium features. The token can also be swapped for free money.

How to Maximize Earning in Play-to-Earn Games