For a long time, those who prefer to spend their days playing games have been known to be wasting away. However, blockchain technology is now introducing a way to earn from gaming online. This would change the landscape of gaming and work, with some people even opting to game full time.
Here is all you need to know about crypto games.
What are play-to-earn games?
Play-to-earn games are blockchain-based digital games that allow gamers to make a stream of crypto income when playing. While the games might vary in dynamics they all allow for making income through ways such as farming the game’s token, staking, or selling NFTs.
The play-to-earn games are like the typical video games with characters and storylines, the only difference is the gamers’ earning capability.
How do play-to-earn games work?
The expanding internet access has led to an ever-improving digital gaming landscape. Digital gamings are popular with most gamers willing to invest their money on not only the games but also in-game purchases. They use the money for the coins, boosting characters and even gaining more gaming lives. The major tragedy however is that these are never useful beyond the gaming platform. That is where the play-to-earn games come in.
Instead of letting the gamer spend their money for in-game purchases, the crypto games allow the gamer to earn in different ways. One of the ways through which gamers earn is in-game cryptocurrencies.
The other option to earn from the play-to-earn games is through the NFTs. The introduction of NFTs so far seems to be a game-changer in the gaming industry. For the longest time, one would build in-game characters and other features like gaming background only to lose it all. The game developer could also even decide to delete the game by downgrading its servers. All ownership within the game wholly belonged to the developer, not the gamer. The crypto games however allow one to sell their top in-game items in the form of NFTs and earn money in the process.
The other way to earn from the crypto games is by staking. This is where you hold cryptos on the platform and earn in the process. An example is the MOMO NFT Mystery Boxes that allow earning through staking.
The crypto games run on the blockchain technology that makes them secure. Unlike traditional gaming with the developer as the main owner, crypto gaming is decentralised. It means it is almost impossible to delete or edit any data from the system.
Can you make a living playing crypto games?
Whether you can earn enough to make a decent living from playing games is what remains a major concern for most people. So far, crypto gaming has proven to be lucrative enough. Already some people are quitting their jobs to concrete fully on playing the crypto games, most so in developing economies like the Philippines.
Even though it’s hard to state the exact amount one can earn gaming, it all depends on the skills and the time spent. So far games like Axie Infinity have been allowing gamers to earn livable wages.
Bottom Line
Play-to-earn games are the future of digital gaming. It allows gamers to get entertained and earn at the same time. As crypto games become popular so does the crypto industry as a whole hence expectations for huge earnings in the future. The gaming industry will also gain from the expanding NFT market.
