Play to Earn Games are much like traditional video gaming; however, unlike traditional games the catch here is that players will be able to earn “In-game Cryptocurrencies” when they win a battle in the game, or achieve a better level in the game by completing quests. Also, players can rent out or selling their assets in game.
Some of the well-known gaming coins are: Axie Infinity (AXS), The Sandbox (SAND), Enjin Coin (ENJ), Decentraland (MANA); My Neighbor Alice (ALICE); Illuvium (ILV); Yield Guid Games (YGG).
Gaming coins have been growing. These coins combine two popular industries like cryptocurrency and the video gaming industry. Many online games make use of “cryptocurrency” or “NFTs” as in-game currencies. The players in these games make use of the crypto to buy characters and weapons inside the gaming space. Serious growth potential is seen for gaming coins.
Like cryptocurrencies gaming coins are also risky investments as their value will go up and down. While these coins did well in 2021, whether this trend will continue is something that every investor should personally DYOR and decide.
There is a lot of hype around NFTs and gaming coin profits; However, there is no denying that play-to-earn are high risk economies. Breeding digital pets and making profits is a lucrative business. The reality is that it has become more than a game. Since it is about making money, it has become more of an ecosystem – speculative ecosystem.
Speculative ecosystem is where speculative investment is made. The investment obviously comes with a high degree of risk. And, the focus of the purchaser mostly on price fluctuations as they buy the crypto to profit from market value changes. Anyone who invests in P2E games is a spectator.
There is high-risk and high-reward and you do not know where it can be high-loss too.
Some of the noteworthy Play to Earn games trending now are: 1. Skills 2. Axie infinity with PVP game play. 3. Decentraland. 4. Gods Unchained. 5. Splinterlands. 6. Battle of Guardians. 7. The Sandbox. And many others the list is very long.
Most of these Play 2 Earn games look at leveraging the power of blockchain technology in the NFT project by providing for a unique and derivative gaming experience. In-game items and trading them are becoming already popular.
While skilled game play is one thing, those who love games are excited about the opportunity to make money. With game developers focusing on the quality of the content they deliver in these games – there is more innovation and education about real-world educational concepts and industrial concepts happening in these games.
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