CRYPTOCURRENCY | BLOCKCHAIN | P2E
Play-to-earn (P2E) games are a new gaming experience gaining popularity. Now, you can own many in-game items as non-fungible tokens (NFT) in your wallet
Unlike traditional games, where players play for entertainment and cannot monetize their in-game assets, P2E games allow players to earn cryptocurrency that can be exchanged for real-world money by playing the game and, in most cases, own your in-game assets, such as weapons, virtual land, and more. This concept is known as game financialization (GameFi) and is characterized as P2E.
These blockchain-based video games offer tokenized pay-to-play models and gamers can often sell their in-game items at a profit. However, to most gamers, the crucial aspect of the game is having fun!
Many players claim that is why they quit Axie Infinity. Although they earned money, particularly before the “crypto winter,” it was boring AF!
What are Play-to-Earn Games?
P2E games are massively multiplayer online role-playing (MMORPG) and multiplayer online battle arena (MOBA) games where players can earn real money by playing the game.
These games are based on blockchain technology and use non-fungible tokens (NFTs) to represent unique in-game items that can be bought, sold, and traded on various marketplaces.
Some popular examples of P2E games are Axie Infinity ($AXS), The Sandbox ($SAND), Decentraland ($MANA), and F1® Delta Time ($REVV).
How Do P2E Games Work?
In P2E games, players can earn money by participating in the game’s economy.
For example, they can earn by playing the game and earning rewards in the form of NFTs, which can then be sold for cryptocurrency or fiat currency (real money) on various online marketplaces such as OpenSea and Rarible.
Players can also earn money by selling their in-game items, such as rare NFTs, to other players. Additionally, players can earn money through staking, where they can earn rewards by holding a certain amount of the game’s tokens.
“Staking is the way many cryptocurrencies verify their transactions, and it allows participants to earn rewards on their holdings. But what is crypto staking? Staking cryptocurrencies is a process that involves committing your crypto assets to support a blockchain network and confirm transactions. — The Motley Fool.
The Benefits & Risks of Investing in P2E Games
Investing in P2E games can be a lucrative opportunity for those who understand the market and the potential risks involved.
On the one hand, players can earn real money by participating in the game’s economy. They can also benefit from the increasing value of their NFTs as the demand for the game grows.
On the other hand, investing in P2E games is also a high-risk investment, as the value of NFTs and cryptocurrencies can be highly volatile, and the market can be influenced by various factors, such as changes in the game’s development or the overall market conditions.
5 Fabulously Fun P2E Games
These games are not in any particular order, as it is challenging to determine what is fun for everyone. What is fun for me might not be fun for another gamer.
However, I will list five games, give you the basics, add a beginner video to help explain the game in detail, and provide the price data of the token used to monetize the game.
#1 P2E Game — Spells of Genesis (SoG)
Spells of Genesis P2E game rewards players with DAI tokens, which can be used within the game for NFTs and in-game items or converted to fiat cash. These can be stored on the Casa Tookan Wallet. Each “casa” or house in your wallet can hold the assets you control with either Bitcoin or Ethereum. SoG is played on the Sandbox Metaverse, and you can use a Virtual Reality (VR) headset for 3D realism.
Spells Of Genesis NFT Game — Blockchain-based New NFT Game — Play to Earn Game 2023 | NFTimes
This was the first blockchain-based NFT mobile game released in 2017.
Although DAI is pegged to the US dollar, I included the price data and all-time chart just as I did with the others to show its consistency. Unlike Axie Infinity (AXS), which went from $.12 up to $165, and back to $11.41, you know what you earn today, will be about the same tomorrow or next year. However, the opposite is also true. It will always only be worth about $1.00.
Therefore, you could produce a steady income playing the game.
DAI Price Data
“The live Dai price today is $1.00 USD with a 24-hour trading volume of $158,551,725 USD. We update our DAI to USD price in real-time. Dai is up 0.02% in the last 24 hours. The current CoinMarketCap ranking is #17, with a live market cap of $5,800,125,307 USD. It has a circulating supply of 5,799,391,572 DAI coins and the max. supply is not available.” — Coin Market Cap.
DAI to USD Chart
#2 — Town Star
A fabulously fun farming game from the creators of Farmville, now creators at Gala Games. If you love farm games, like nearly 600 million who have played some farming game or another, you will enjoy Town Star.
It used to be you earned Town coins. However, the coin collapsed, and Gala Games halted the earning capabilities of the game. Town Star is back online, but you will no longer earn Town coins but rather $GALA. There will be a conversion from TOWN to GALA at 2:1. Two $TOWN for one $GALA.
Now, that could be excellent news for Town coin hodlers, as GALA is up tremendously. I recently wrote about GALA, which was up nearly 300%, going from about $.018 to $.056.
Also, the Town will switch to GALA servers and become Town Star Forever. The current Town Star (Live) will run in the background, and there won’t be much, if anything, for the player to do as far as changeover. NFT you already own will be valid and upgradeable.
GALA Price Data
“The live Gala price today is $0.056109 USD with a 24-hour trading volume of $240,494,771 USD. We update our GALA to USD price in real-time. Gala is up 2.35% in the last 24 hours. The current CoinMarketCap ranking is #104, with a live market cap of $391,481,428 USD. It has a circulating supply of 6,977,205,436 GALA coins and the max. supply is not available.” — Coin Market Cap.
GALA to USD All-Time Chart
Will this be a game-changer for Town Star play to earn? Gala Games update
This video talks about how to play the game. However, it is about a year old, so ignore the part about how to earn. That has all changed, but I like how they show how to play. I couldn’t find an updated how-to-play and earn, so if someone knows of one, let me know.
#3 — CropBytes
CropBytes is another farm game like Farmville and Town Star. You won’t have to know how to play because there are videos inside the game that will show you step-by-step how to play, feed the animals, grow crops, and more.
In case you’re interested, here is an intro video. However, ignore the TRX talk. The game uses CBX now to reward farmers.
What You Need to Know Before Playing CropBytes | CropBytes Beginners Guide
CBX Price Data
“The live CropBytes price today is $0.040760 USD with a 24-hour trading volume of $46,037.13 USD. We update our CBX to USD price in real-time. CropBytes is down 0.86% in the last 24 hours. The current CoinMarketCap ranking is #883, with a live market cap of $6,574,403 USD. It has a circulating supply of 161,294,140 CBX coins and a max. supply of 500,000,000 CBX coins.” — Coin Market Cap.
CBX to USD All-Time Chart
You can sign up here. After registration, there are some instructions here.
#4 — Super Crypto Karts
This P2E game is much like Super Mario Cart but using various cryptocurrencies as cars but uses, such as BTC, ETH, DOGE, and others. You can win the prize pool by winning races and switching your $CHAIN to purchase in-game items or crypto.
$CHAIN Price Data
“The live Chain Games price today is $0.028821 USD with a 24-hour trading volume of $94,751.79 USD. We update our CHAIN to USD price in real-time. Chain Games is up 9.28% in the last 24 hours. The current CoinMarketCap ranking is #3604, with a live market cap of not available. The circulating supply is not available and a max. supply of 500,000,000 CHAIN coins.” — Coin Market Cap.
$CHAIN to USD Chart
There seems to be some interest in this coin compared to other game coins, as it is up nearly 10% today. $CHAIN and $GALA look to be leading the way for gaming altcoins.
#5 — Spider Tanks
Another fantastically fun MOBA game from Gala Games. This Player VS Player (PVP) game was developed by the award-winning Gamedia, a Netherlands-based company.
You can choose between various weapons and tank bodies to level up by winning battles against other players. Spider Tanks is free, but you can earn SILK by winning high stake battles and purchasing or selling tanks, weapons, and bodies.
Create your Spider Tanks account here.
How to Play Spider Tanks Complete Beginners Guide (Free-to-Earn Crypto MOBA) | Spider Tanks Tutorial
SILK Price Data
“The live SILK price today is $0.685522 USD with a 24-hour trading volume of $324,127 USD. We update our SILK to USD price in real-time. SILK is down 1.99% in the last 24 hours. The current CoinMarketCap ranking is #3067, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 SILK coins.” — Coin Market Cap.
SILK to USD Chart All-Time
SILK has dropped off from its opening price but seems to be leveling off and maybe consolidating for an upward swing. Though, to be honest, I don’t know how to read charts. I just put them out there for the reader.
I really do not understand why the price has stayed pretty much the same since mid-December 22. It should move relatively quickly with a max supply of only 100 million.
A Final Look at P2E Games & Investing in Them
I hope you enjoy this as much as I enjoyed researching and playing these games.
It is possible to sign up, buy tokens, and win to earn rewards if you are a gamer or a beginner. However, learn how and research the games you want to play so that you don’t lose the money you can’t afford.
Some of these games are free to play, and that might be the best method of learning the games before or instead of investing.
I prefer to invest in myself. I used to play Farmville, spent a lot of time and money, and have nothing to show for it except a few pictures from my farm. Still, it was fun. Now, I can own the in-game items on many games I play.
Before you decide to invest your time and money in P2E games, do your own research (DYOR), and use only the money you won’t need for survival if the market takes a nosedive, you won’t want to take your money out, but you might need to in case of an emergency.
DISCLAIMER: This article is for entertainment and informational purposes only. It should not be considered financial or legal advice. Not all information will be accurate. I am not a financial adviser, and you should consider anything I write as informational and friendly banter to show you what is possible if you invest your money in these vehicles. However, there are no guarantees. Consult a financial professional before making any significant financial decisions.
Note: This post contains affiliate links. Read my disclosure statement for additional information.
Stephen Dalton is a retired US Army First Sergeant with a degree in journalism from the University of Maryland and a Certified US English Chicago Manual of Style Editor. Also, a Top Writer in Nutrition, Investing, Travel, Fiction, Transportation, VR, NFL, Design, Creativity, and Short Story.
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