Video games are no more something that wastes people’s productive time. In fact, it has become a venture in which most people are aspiring to invest most of their time and efforts. However, rewind to some decades ago, parents would warn their children to shun video games and focus on other things that can add value and bring money to their pocket.
Fast forward to these present times, parents are now buying smartphones and internet connections for their children to support them in their game play9ing ambition. What changed that mindset? The advent of best play to earn games.
P2E games are becoming popular worldwide for their unique generosity as they make people become more financially secure and relieved of the stress of the daily hustle and bustle. Are you still thinking making money while playing video games is a fluke? Do your research.
It’s no more news that young and old people, regardless of gender, are investing their time and money in play to earn games. That’s due to the incredible moneymaking opportunities in the NFT gaming world.
No doubt, gaming is no longer a passive hobby. It is now a multibillion-dollar industry that has changed people’s stories for the better. Accenture valued the play-to-earn gaming market to be over $300 billion. That huge dramatic success was driven by new gamers rushing into the community in search of fortune making opportunities and social interaction.
As the blockchain rises, the P2E industry has changed incredibly. Unlike the tradition that only game developers and distributors make money while players just catch fun, players are now earning a considerable amount of money every week. Players can make money in Non-fungible Tokens (NFTs) or crypto playing with their smartphones or computer to play games. The trend is now circulating in every part of the globe with different attractive success stories about the games.
What are play to earn games?
Having said much about the concept, let’s understand what they mean and how they work. Play-to-earn (P2E) games are online video games that allow players to complete some tasks, compete in a battle arena, use monsters or characters to play some roles and earn in-game rewards in the form of Non-Fungible Tokens (NFTs) or Cryptocurrencies.
Players can access these games on different gadgets such as computers, smartphones, and more, with a stable internet connection. Some of these games allow players to use objects like wearable properties or weapons in-game. Meanwhile, these in-game objects are not given automatically. Instead, they are earned as rewards for winning a challenge, completing a task, or purchasing with real-life money.
In some play to earn games, players get the opportunity to customize their characters with better equipment or train their monsters for better performance in the battle arena. However, players cannot sell the equipment or properties to any player for cash.
That is how many best play to earn games operate. Game designers can also leverage the immutability of blockchain technology to create unique in-game rewards and transferrable items. Players can get rewards ranging from earning digital currencies to collecting Non-fungible tokens. Players can then export their coins into their respective crypto wallets to convert them to fiat money such as dollars. Meanwhile, players can sell their NFTs to other players through in-house trading platforms or trade on secondary marketplaces.
For instance, Axie Infinity, the leading play-to-earn game, allow players to breed, purchase and battle with cute little creatures called Axies. These Axies are minted on the Ethereum blockchain. Because each Axie represents an NFT which players can buy or sell peer-to-peer with cryptocurrency.
How to Choose the Best Play-To-Earn Game for You
First, you have to understand how most available best play to earn games work. That means you may need to research the top P2E games in the present market. That can be a daunting task as over a hundred play to earn games are flooding the market. You can simply research the top ten on the latest rankings to save you that stress.
Some things that can help you make an informed decision are finding out how the game pays out rewards to players, how easy it is to convert your in-game tokens to other crypto and what you can gain from playing the game. You should also research how much you will have to invest before you can start playing. Make sure you critically check those areas before you take the plunge to create an account.
What’s your goal?
It is also essential to determine your goal before you start playing the game. Are you playing the for the coins, NFTs or both? Each P2E game out there has its unique rewards in different forms. While some pay in NFTs alone, others pay in cryptocurrencies. Best of all, very few pay in a combination of the two. In some cases, players can earn prestigious currencies as rewards in the game. Some best play to earn games can offer you bitcoin or Ethereum, which you can trade if the value rises anytime.
It is also essential that understand how you can play the game and earn rewards. Most importantly, how long it takes to make each point. More so, you need difficulty with the tasks of each game. Some games require players to complete simple tasks and get rewards, while others put you at the cross of more significant tasks o get tokens.
How much do you need to get started?
In most cases, play to earn games are not always free to start. You will have to make an investment to purchase a starter pack when getting started. Players are required to buy these starter packs with cryptocurrency. The cost of the starter pack varies from one game to another. However, the highest paying games require a more increased initial investment.
In contrast, few play to earn games require no purchase of a starter pack to get started. But you will need o pa o to unlock some premium features which allow more profits.
Play to earn games are coming out in hundreds due to the influx of interested participants from different parts of the world. As a result, it can be somewhat challenging to choose the best one that can allow you to earn more money. You need this guide to make the right choice out of the pool of numerous options.