In recent years, the intersection of blockchain technology and gaming has given rise to a revolutionary concept known as play-to-earn crypto games. These games entertain players and offer the potential to earn real-world value by acquiring and trading in-game assets.
This fusion of play and earning has captured the attention of a rapidly growing audience seeking new avenues for both entertainment and financial gain.
This article dives into the best play-to-earn crypto games, dissecting their mechanics, unique advantages and the exciting rewards players can earn.
Our team evaluated a wide range of options to bring you this curated list, ensuring you discover today’s most immersive and potentially lucrative experiences in the play-to-earn landscape.
Our methodology for selecting the best play to earn games for 2024
We went beyond just rewards to identify our 10 best play-to-earn games.
Our data-driven approach considers factors that translate into long-term value: secure blockchain technology, captivating gameplay, and well-designed in-game economies that let you convert earnings into real money.
Another important determinant is the existence of thriving communities, which signifies both a game’s potential longevity and the passion of its development team.
To ensure the project’s commitment to growth, we investigate smart contract audits, the development team’s experience, and the roadmap.
Top 10 play to earn crypto games of 2024
- Mega Dice Token (DICE) — Top play-to-earn game with 50K users and $50M monthly bets. Raised over $340K in presale.
- Sponge V2 (SPONGEV2) — A meme token with play-to-earn (P2E). Following the success of V1, Sponge V2 comes with many enhancements and high APY.
- 5th Scape (5SCAPE) – New VR and AR crypto gaming ecosystem. Token holders get discounts on VR products. Over $2.6M raised.
- eTukTuk (TUK) — Sustainable transportation ecosystem with AI-integrated charging stations and tokenized incentives. Players will be awarded in a new P2E driving game.
- Hypeloot (HPLT) — First AI-powered crypto casino offering custom games. Earn rewards even during the presale as long as you hold HPLT tokens.
- Guild of Guardians — Developed by Immutable Games, this highly anticipated mobile game based on NFT-based Guardians boasts over 1 million pre-registrations and a $1 million prize pool.
- Shrapnel (SHRAP) — First-person shooter game where players can earn SHRAP tokens by completing objectives and killing enemies.
- Star Atlas (ATLAS) — Sci-fi game with multiple modes where you can mine, craft, and sell your assets, offers a completely on-chain economy and asset ownership.
- Parallel (PRIME) — Free-to-play card trading game with fully-owned NFT cards, uses the PRIME token for governance and rewards.
- Yield Guild Games (YGG) — A decentralized gaming guild that invests in play-to-earn games and NFTs and distributes its earnings to holders.
What are play to earn crypto games?
Play-to-earn crypto games are more than just a buzzword – they’re a revolutionary fusion of gaming and blockchain technology, reshaping the interactive entertainment landscape.
In these innovative games, players aren’t just passive participants; they’re active contributors and investors, empowered by blockchain’s secure and transparent nature.
Unlike traditional games, where virtual assets vanish along with your character, play-to-earn titles redefine ownership. New crypto games are released frequently as many projects strive to reach the top spot.
Players truly own their in-game items thanks to blockchain-based Non-Fungible Tokens (NFTs) and the principles of Decentralized Finance (DeFi). This opens up a world of possibilities:
- Trade and sell: Treat your virtual assets like real-world possessions. Sell your hard-earned sword to another player, rent out your digital land, or even build a bustling in-game marketplace.
- Dynamic economies: Player-driven economies with real-world value emerge, fostering collaboration and competition.
- Community governance: Many play-to-earn titles leverage blockchain-based governance models, allowing players to vote on features, storylines, and even in-game rules.
If you’re curious about diving into this exciting world, platforms like Star Atlas and Pallarel offer a glimpse into the future of gaming. Each platform presents unique experiences, from building starships to battling with cards.
The rise of play-to-earn crypto games signifies a significant departure from the traditional model. It’s not just about entertainment; it’s about creating a more inclusive and economically empowering gaming experience.
As these games evolve, they can reshape how we interact with digital worlds, blurring the lines between play and profit and, ultimately, redefining the concept of what it means to “play a game.”
Reviewing 2024‘s best-rated play to earn crypto games
A detailed review of the top P2E games in today’s markets. We explain how you can earn from playing cryptocurrency games, staking rewards, and supply, as well as games due to launch this year.
1. Mega Dice Token (DICE): Play-to-earn game with 50K users and $50M monthly bets raises over $1M in presale
Mega Dice Casino is currently #1 on our list of the best play-to-earn games. It is a popular online casino with over 50,000 active users and has a monthly betting volume of around $50 million.
Mega Dice offers various games, including over 4,500 casino games and many sports betting options. It recently launched the $DICE token via a presale that raised over $340K in less than two days of launch.
Buyers can get $DICE tokens for only $0.069 at press time. 35% of the total token supply is sold to early buyers. Another 15% will be given away in airdrops (free token giveaways), and 10% is set aside for staking rewards.
Mega Dice gameplay & token utility
- Combines popular gaming options: Mega Dice mixes the fun of gaming and gambling with DeFi to offer a GambleFi platform. This combination creates a unique gaming experience with crypto.
- Unique token utility: The $DICE token makes playing on Mega Dice more fun and rewarding in many ways. If you have $DICE tokens, you can get cashback when you play at the casino, earn rewards from airdrops (free token giveaways), and access special NFTs (unique digital items).
You can follow Mega Dice on X (formerly Twitter) or join its Telegram channel to stay updated on the latest news. You can also read the Mega Dice Casino whitepaper to learn more about its features and roadmap.
| Total Tokens | 420 Million |
| Tokens Available in ICO | 147 Million |
| Blockchain | Solana |
| Token type | SPL |
| Minimum Purchase | N/A |
| Purchase With | SOL, ETH, BNB |
2. Sponge V2: Boosted rewards for Sponge-memed P2E with $19M staked and bridged
Sponge V2 is the successor to the meme coin $SPONGE, which generated significant buzz in May 2023 with a 100x price increase.
V2, launched in late 2023, promises better liquidity and bigger gains than its predecessor. Unlike V1, which was purely speculative, V2 aims to introduce utility through a Play-to-Earn (P2E) game currently in development.
Sponge V2 gameplay & token utility
- Play for money: Earn $SPONGEV2 tokens by playing the upcoming game, competing on leaderboards, and holding the token. Both free and paid versions are planned, offering in-game item purchases and the potential for enhanced earnings.
- Deflationary mechanisms: A portion of transaction fees will be used to buy back and burn $SPONGEV2 tokens, theoretically reducing supply and increasing value.
- Community governance: $SPONGEV2 holders can vote on proposals affecting the game’s development and the project’s future.
Although Sponge V2 has the potential to offer some utility through its P2E game, it should be noted that it is still mainly a meme coin that heavily relies on community hype and speculative buying.
It’s important to understand that early success is not guaranteed, and investors should consider the high risks associated with meme coins and unproven P2E projects before investing.
| Ticker | $SPONGEV2 |
| Description | Meme token combining utility, high returns, and play-to-earn features. |
| Blockchain | Ethereum |
| Market Cap | – |
| Launch year | 2024, presale |
3. 5th Scape: Pioneering Web3 AR and VR experience platform offers more than just gaming
5th Scape
5th Scape ($5SCAPE) is the world’s first virtual and augmented reality crypto gaming ecosystem. Through the $5SCAPE token, investors get exclusive access to gaming content and discounts on other VR products.
5th Scape gameplay & token utility
- In-game assets and NFT integration: Players can own in-game items and avatars as NFTs, allowing them to be traded on a marketplace within the 5th Scape ecosystem, increasing player investment and creating a valuable virtual economy.
- Income opportunities: Users can benefit from various play-to-earn (P2E) mechanics, such as completing quests for token rewards, participating in tournaments with prize pools, or staking NFTs to earn passive income.
- Interoperable assets: Enable players to utilize their NFTs across various VR/AR experiences within the 5th Scape ecosystem, fostering a cohesive experience and encouraging players to acquire and invest in a broader array of NFTs.
80% of the supply is offered through a presale in 12 rounds. At the time of writing, $5SCAPE is priced at $0.00327 per token. The presale has already raised over $5.9M towards a hard cap target of $15 million.
After the presale, the exchange listing price is $0.01 per token, representing a more than 300% increase from current levels.
For more information on the game’s ecosystem, read the 5th Scape whitepaper and join their Telegram channel. There, you can learn more about the project and how to participate in the presale.
| Total Tokens | 5.211 Billion |
| Tokens Available in Presale | 4.164 Billion |
| Blockchain | Ethereum Network |
| Token Type | ERC-20 |
| Minimum Purchase | No Minimum |
| Purchase With | ETH, MATIC, BNB, USDT, Credit/Debit Card (with KYC) |
4. eTukTuk: Eco-friendly P2E game nears presale goal with over $3M raised
eTukTuk aims to disrupt transportation in developing nations with a sustainable solution that merges electric tuk-tuks, a network of AI-powered charging stations, and blockchain technology.
This unique blend positions eTukTuk as an intriguing contender in the play-to-earn (P2E) landscape, even though it’s not a traditional P2E game. Their native token, $TUK, fuels this ecosystem and incentivizes participation.
They’ve already secured over $3.3M in funding, indicating strong interest in their mission.
eTukTuk gameplay & token utility
- Rewarding rides: The integrated P2E system enables users to earn tokens for completing rides. These tokens can be used for in-game upgrades, discounts on future rides, or exchanged for real currency (subject to local regulations), gamifying the transportation experience and incentivizing ridership.
- Community building: Geolocation-based challenges: Users could compete to complete quests or collect digital items alongside social features such as leaderboards, challenges between friends, and the option to gift or trade tokens. This fosters a sense of community among users and promotes the use of eTukTuk through friendly competition and social interaction.
- Social initiatives: eTukTuk is offering a fresh take on play-to-earn, where social impact and virtual gaming collide. It’s not your typical game, but with gamified elements and the potential to earn while contributing to a greener future, it’s attracting players who want to steer towards a sustainable future.
In Sri Lanka, eTukTuk is revving up a revolution. Partnering with the government, they're electrifying the iconic tuk-tuk, building charging stations, and aiming for a triple win: a greener future with less carbon emissions, a boost for the economy, and improved livelihoods for drivers. But eTukTuk isn't just about eco-conscious transportation. That being said, it's still early days for eTukTuk. Gameplay features are limited, and the long-term value of their tokens remains uncertain.
| Ticker | $TUK |
| Description | Play-to-earn platform for building a sustainable electric tuk-tuk network in developing countries. |
| Blockchain | BNB Smart Chain |
| Market cap | – |
| Launch year | 2024, presale |
5. Hypeloot: Crypto casino offering new games and a fiat gateway, with over 82 million bets placed
Hypeloot (HPLT) is the first AI-powered crypto casino offering standard and custom games. At its core is the HPLT token, now available for purchase in a presale.
Token holders are eligible for rewards generated daily by the casino’s revenue. Moreover, the casino will buy back the HPLT token and burn a portion to increase the token price.
While not strictly a play-to-earn game, it incorporates gaming and rewards elements, blurring the lines between traditional cryptocurrencies and P2E ecosystems.
Hypeloot gameplay & token utility
- Revenue share: HPLT token holders earn a daily share of the casino profits.
- NFT eligibility: Everyone who buys HPLT tokens during the presale can earn a Hype NFT.
- Up to 50% site credits: Earn 50% site credits to use on Hypeloot.com without conditions and obligations.
- Hundreds of games: Play Crazy Wheel, Dice, Plinko, Crash, Mystery Boxes and many more.
Hypeloot positions itself as a play-to-earn (P2E) platform with its native token, HPLT. Players can engage in unique gaming experiences, including “mystery box” prize mechanics, and earn HPLT tokens through gameplay. The project emphasizes provably fair games, allowing users to verify the randomness of outcomes.
Hypeloot differs from other projects in that it is already a profitable venture, unlike selling tokens for fundraising. Since 2022, it has handled over 82 million bets and served 200,000 users.
However, beyond basic gameplay rewards, it’s unclear how deeply HPLT integrates into the ecosystem. Information about additional token utilities like governance, marketplace purchases, or staking opportunities is limited. A strong P2E model hinges on a compelling token use case, and Hypeloot would benefit from clear communication.
| Ticker | $HPLT |
| Description | Crypto casino and casino games |
| Blockchain | Ethereum |
| Market Cap | N/A |
| Launch year | 2023 |
6. Guild of Guardians: Fantasy RPG with blockchain & NFT-based characters
Guild of Guardians, by Immutable Games, is a mobile RPG that takes the fantasy genre to the next level by integrating blockchain technology. Players assemble a team of powerful Guardians, conquer dungeons, and contribute to the fight against the corrupting Dread.
This highly anticipated title boasts over 1 million pre-registered users and is set to launch on both Apple and Android devices, with a $1 million prize pool to celebrate its arrival.
$GOG gameplay & token utility
Guild of Guardians offers a compelling blend of classic RPG mechanics and innovative crypto functionalities. Players can:
- Build a Dream Team: Collect and upgrade NFT-based Guardians, each with unique skills and abilities.
- Explore Elderym: Delve into a rich fantasy world filled with dungeons, secrets, and epic battles.
- Play and Earn: Earn the in-game token, GOG, through gameplay, which can be used for further upgrades or traded with other players.
Guild of Guardians is poised to be a major player in the Web3 gaming space. It blends high-quality graphics, engaging gameplay, and a crypto-driven economy.
Developed by Immutable Games, one of the industry’s leading studios, with backing from giants like Tencent and Animoca Brands, Guild of Guardians has the potential to redefine mobile gaming by putting ownership and value directly in the hands of players.
| Ticker | $GOG |
| Description | Mobile-based fantasy RPG |
| Blockchain | Ethereum |
| Market Cap | N/A |
| Launch year | 2024 |
7. Shrapnel: AAA Extraction FPS powered by community-driven tools
Shrapnel (SHRAP) is a blockchain-based AAA FPS game, often categorized among “best play-to-earn” offerings.
Launched in 2023, players assume the role of Mercenary Extraction Force (MEF) Operators in a post-asteroid-impact world, battling for valuable resources across a perilous “Zone.” Shrapnel reached a key milestone as the game was added to the Epic Games store in February 2024.
Shrapnel is developed by veteran game developers with experience in popular Web2 and traditional video games like Halo, Call of Duty, and Ghost of Tsushima.
Shrapnel gameplay & token utility
- Extracting resources: Players compete to locate and secure “Meteorite,” a valuable resource while navigating environmental hazards and eliminating other operators.
- Play-to-earn: The game’s native token, SHRAP, is earned through gameplay (winning matches, creating content) and can be used to purchase in-game items, cosmetics, and maps.
- Decentralized governance: SHRAP token holders govern the game’s future, voting on content updates, feature implementations, and platform direction.
Shrapnel’s AAA pedigree and unique blend of intense FPS action with play-to-earn and DAO features is enticing.
However, it’s important to note that the game is still in early access, and its long-term success depends on continuous development, balancing player-driven versus developer-controlled content, and maintaining a healthy in-game economy.
The potential for rewards within the “best play-to-earn” category is promising, but caution is advised, as with any volatile crypto-based game.
| Ticker | SHRAP |
| Description | Play-to-earn AAA FPS with resource extraction & DAO governance |
| Blockchain | Avalanche |
| Market Cap | $35.7 Million |
| Launch year | 2023 |
8. Star Atlas: Space Sim and RPG with complete on-chain economy
Star Atlas (ATLAS) is a next-generation gaming metaverse set in 2620. This space exploration game blends real-time graphics, blockchain technology, and multiplayer experiences. Players can choose a faction among humans, aliens, and sentient androids vying for resources, territory, and galactic dominance.
Star Atlas leverages Unreal Engine 5 for stunning visuals, creating a cinematic feel to the gameplay. The project has attracted prominent investors and continues to expand through acquisitions.
Despite controversies, Star Atlas continues to lead in metaverse technology, play-to-earn gaming, and blockchain integration.
Star Atlas gameplay & token utility
- On-chain economy: The entire Star Atlas economy is built fully on-chain, making it the only play-to-earn game with this feature.
- Play-to-earn (P2E) focus: Mine resources, craft items or scan for data units and sell them on the marketplace for profit.
- Token staking: You can stake the ATLAS token, which is the in-game utility token, to get discounts on the Galactic Marketplace and earn rewards.
The Star Atlas universe is built on the Solana blockchain, known for its speed and affordability. This allows for a thriving in-game economy where land, spaceships, and other assets are represented by NFTs (non-fungible tokens) that can be traded on a decentralized marketplace.
The team recently sold two Titan ships worth $5 million each, which shows massive investor and player support. In March 2024, the in-game Galactic Marketplace saw over $3 million in assets traded.
| Ticker | ATLAS |
| Description | Play-to-Earn Game With Fully On-Chain Economy |
| Blockchain | Solana |
| Market Cap | $118 Million |
| Launch year | 2021 |
9. Parallel: Popular card trading game with play-to-earn mechanics
Parallel (PRIME) is a free-to-play game with play-to-earn mechanics, thanks to its native token, PRIME. This is a card trading (CTG) game with full asset ownership via NFTs. The game is built on Ethereum, and you need ETH to buy the cards you want.
In addition to the card game, the team is currently building an AI-powered survival simulation game that is set to redefine gaming. The game will launch on the popular Steam platform, where you can add it to your wishlist now.
Parallel gameplay & token utility
- Asset ownership: The game uses NFTs to represent the gaming cards, which provide full asset ownership. When you no longer want to play, sell your assets and move on.
- Play-to-earn mechanics: The PRIME token is used for governance and earned by winning matches. You will later need PRIME to create AI avatars for the new AI-powered survival simulation game.
The total token supply of PRIME is 111,111,111,111 and the game has no burning mechanics. Instead, it redistributes the token into different contracts to balance the game economy.
The Parallel Alpha card collection is now available for purchase on OpenSea. The floor price is 0.0004 ETH (approximately $1.28), and trading volume is over 81,400 ETH.
| Ticker | $PRIME |
| Description | Free-to-Play and Play-to-Earn TCG Game |
| Blockchain | Ethereum |
| (Fully diluted market cap) | $887 million |
| Launch year | 2023 |
10. Yield Guild Games: Funding the next generation of P2E
Yield Guild Games (YGG) is a decentralized gaming organization (DGO) focused on play-to-earn (P2E) blockchain games.
It operates as a guild, acquiring and managing in-game assets like NFTs and scholarships for members to borrow and use in various P2E games.
YGG also invests in promising P2E projects, aiming to influence the development of the play-to-earn ecosystem.
Yield Guild Games Gameplay & Token Utility
- Scholarship program: YGG provides scholarships to play to earn gamers who lack the initial capital to play P2E games. Scholars borrow in-game assets, earn rewards, and share a portion with the guild.
- Investing & governance: YGG invests in promising P2E projects, exposing members to the sector’s potential growth. The YGG token grants voting rights on guild decisions and future project investments.
- Community & reputation: YGG fosters a vibrant community through events, tournaments, and social media platforms. Its reputation system rewards members for contributions and achievements, building a trusted network of players.
YGG holds a unique position in the P2E space due to its scholarship program, investments towards ecosystem growth, and community collaboration.
However, the success of YGG’s model is heavily dependent on the performance of individual P2E games and the overall health of the blockchain gaming market. Additionally, the token’s price volatility might not appeal to risk-averse investors.
| Ticker | $YGG |
| Description | Decentralized gaming guild facilitating P2E access and investment |
| Blockchain | Ethereum |
| (Fully diluted market cap) | $433.5 Million (as of January 23, 2024) |
| Launch year | 2020 |
How can I determine the best P2E blockchain-based games?
Earning & selling
- Play-to-Earn Payouts: Look for games with strong tokenomics, healthy user bases, and active trading for earned tokens. Transparency in token distribution and rewards is crucial.
- Multiple Earnings: Diversify your income with games offering breeding, crafting, land ownership, and staking. This reduces risk and caters to different skill sets.
- Passive Income: Consider staking or land ownership for income even when not actively playing.
- Liquidity: Ensure earned tokens have good liquidity on exchanges for easy conversion. Active peer-to-peer marketplaces offer flexibility and potentially higher returns.
- Payout Frequency: Regular payouts provide flexibility for reinvestment or spending, while predictable schedules allow for financial planning.
Beyond earnings
- Security: Choose games with audited smart contracts to minimize hacking risks.
- Community: A vibrant community is essential for long-term success and can offer valuable support.
- Intuitive Gameplay: Especially for newcomers, user-friendly interfaces enhance enjoyment and attract casual players.
HODL or sell?
There’s no one-size-fits-all answer. Here’s a breakdown of both approaches:
- HODLing: Hold assets (tokens & NFTs) hoping for future appreciation. This requires research into the game’s long-term potential.
- Selling: Sell earned tokens and NFTs regularly for immediate profit. This minimizes exposure to potential value decline but sacrifices long-term gains.
Staking for passive income
- Staking allows you to lock up tokens or NFTs for earn in-game rewards. This is similar to crypto farming, but rewards vary depending on the game and market conditions. Consider your risk tolerance before staking, as it involves temporary asset illiquidity.
Remember:
- The P2E landscape is dynamic. Regularly sell earned assets if concerned about a game’s longevity.
- Diversify your investments across different games and asset types to mitigate risk.
- Conduct thorough research before investing in any P2E game. Stay informed about the P2E space, market trends, and individual game developments.
By following these tips, you can make informed decisions and maximize your enjoyment in the exciting world of P2E games.
P2E crypto games comparison chart
| Project | Chain | Max supply | Staking rewards | In-game rewards | Security audit | Phase of development |
|---|---|---|---|---|---|---|
| Sponge V2 | Ethereum | 150B | 278% APY (Rate is dynamic) | Sponge V1 | ✔️ | Pre-sale |
| Green Bitcoin | Ethereum | 21M | 350% APY (Rate is dynamic) | $GBTC, Limited-edition NFTs | ✔️ | Public sale |
| eTukTuk | BNB Smart Chain | 2B | 383% APY (Rate is dynamic) | $TUK | ✔️ | Pre-sale |
| Hypeloot | Ethereum | 100M | – | $HPLT/$USDC | ✔️ | Active |
| Guild of Guardians | Ethereum | 1B | 25% APY | $GOG | ✔️ | Active |
| Shrapnel | Avalanche | 3B | 20% APY | SHRAP tokens and NFTs | ✔️ | Alpha |
| Star Atlas | Solana | 360B | N/A | $ATLAS | ✔️ | Active |
| Pallarel | Ethereum | 11B | N/A | $PRIME | ✔️ | Active |
| Yield Guild Games | Ethereum & Polygon, Immutable X (To address scalability issues) | 1B | 9.9% APY | YGG tokens | ✔️ | Active |
Are play-to-earn games worth your time?
Play-to-earn (P2E) games have become a hot topic in crypto and gaming. The promise of earning cryptocurrency while enjoying a fun pastime is undeniably alluring.
While the financial potential is a significant draw, it’s important to remember that P2E games are not guaranteed money machines. The market for in-game cryptocurrencies can be volatile, and initial investments may not translate into substantial gains.
However, for some players, the potential rewards have outweighed the risks, with certain P2E games showcasing remarkable price increases that transformed early adopters into crypto millionaires.
Here are three compelling examples of P2E games where early adopters struck gold:
- Axie Infinity (AXS): This Pokémon-inspired game launched with AXS tokens hovering around $0.10 in 2018. Fast forward to November 2021, and AXS peaked at a mind-blowing $165. This 1,650x return on investment (ROI) made Axie Infinity one of the most profitable P2E games ever, turning early adopters into crypto legends.
- Decentraland (MANA): This virtual world platform’s MANA tokens began trading at around $0.02 in 2017. By November 2021, MANA had reached an astonishing $5.85, representing a 29,250x ROI. Decentraland’s meteoric rise was fueled by the burgeoning metaverse craze, proving that P2E games with unique features and strong communities can experience incredible growth.
- The Sandbox (SAND): This voxel-based metaverse platform launched with SAND tokens valued at around $0.01 in 2020. By November 2021, SAND had surged to $8.40, a staggering 84,000x ROI. The Sandbox’s focus on user-generated content and partnerships with major brands like Atari and Adidas propelled its token to dizzying heights.
These success stories, while tempting, represent the exception rather than the rule. For many P2E players, the grind of earning in-game tokens is met with meager rewards, often failing to cover the initial investment in assets like NFTs.
The volatile nature of the crypto market can further erode potential profits, making P2E games a risky proposition for those solely focused on financial gain.
Risks and considerations
The P2E landscape is dynamic and volatile. Several factors can influence a game’s token value, including:
- Gameplay and Community: Engaging gameplay, a thriving community, and constant updates are crucial for long-term success. Games that fail to captivate players will likely see their tokens decline.
- Market Fluctuations: The entire cryptocurrency market is susceptible to fluctuations. A general downturn can drag down even the most promising P2E projects.
- Sustainability and Tokenomics: The game’s economic model and token distribution are vital. Unsustainable models or inflationary tokenomics can lead to devaluation.
Where to buy the best P2E blockchain-based games
Digging further – into decentralized exchanges (DEXes) reveals a more dynamic environment characterized by peer-to-peer transactions.
Platforms like Uniswap and PancakeSwap operate on liquidity pools, where token values are determined by algorithms based on supply and demand. While this landscape offers potential rewards, it comes with heightened volatility and associated risks.
For a more curated trading experience, specialized marketplaces like Star Atlas Galactic Market can provide a secure space for direct player-to-player transactions.
When deciding on a crypto-gaming platform, comparing the fee structures and prioritizing security is imperative. You must choose a platform that emphasizes user safety and boasts robust security measures.
Avoid being swayed by excitement and take the time to delve into the game’s tokenomics, roadmap, and community to evaluate its long-term viability before committing any funds.
Remember, the crypto-gaming landscape is continuously evolving, so conduct thorough research to protect yourself and proceed cautiously.
How to buy P2E tokens
Buying your chosen tokens requires completing a few easy steps. Here’s a step-by-step guide on how to get started:
Step 1 – Identify a suitable cryptocurrency exchange
To purchase tokens, start by identifying a suitable cryptocurrency exchange platform—research reputable exchanges with a user-friendly interface and positive reviews.
Popular choices include Binance, Coinbase, and Kraken. Once you’ve chosen a platform, create an account by providing the necessary personal information and completing the verification process.
Step 2 – Fund account with suitable payment method
After your account is verified, deposit funds into it. Most exchanges accept fiat currency (USD, EUR, or GBP) or other cryptocurrencies as deposits. Choose the preferred method and follow the instructions to add funds to your account.
Be mindful of deposit fees and processing times associated with different payment methods.
Step 3 – Locate token
Now that your account is funded, locate the token you want to purchase. Exchanges typically list various tokens, and you can use the search function to find your desired one.
Once found, check the current market price and any relevant trading pairs. Some tokens are paired with major cryptocurrencies like Bitcoin or Ethereum.
Step 4 – Buy the token
When you’ve chosen the token and trading pair, initiate a buy order. Specify the amount of the token you want to purchase and set any additional parameters, such as limit or market orders.
Double-check the details before confirming the order. Market orders execute immediately at the current market price, while limit orders allow you to set a specific price you’re willing to buy.
Step 5 – Monitor token Performance
Monitor your purchase in the portfolio section of the exchange. Your acquired tokens will be reflected in your account balance. Consider transferring the tokens to a secure wallet for added security, especially if you plan to hold them for the long term.
“Games and game engines are starting to move to the forefront of the metaverse. I would extend this to any of the major crypto projects. Bored Apes, CryptoPunks, Axie Infinity, everything that’s happening at Dapper Labs — it’s very clear that games are the centerpiece here.”
Matthew Ball, Managing Partner at EpyllionCo & Makers Fund
FAQs
Can crypto games generate real money?
Yes, you can! Play-to-earn games reward players with cryptocurrency and NFTs which can be traded for real money on exchanges. However, earnings vary greatly depending on the game, time invested, and market conditions.
How much money can you make from P2E games?
An active ICO is a fundraising event in which a new cryptocurrency project sells its tokens to the public for the first time. It’s similar to an initial public offering (IPO) in the stock market but for crypto. These tokens can later be traded on exchanges, potentially increasing in value.
Can you earn money from playing games without spending anything?
While earning significant income might be tricky, several options exist to make some cash playing games without initial investment:
Game apps: Platforms like Mistplay reward you for playing specific games, offering points redeemable for gift cards or cash.
Streaming: Build an audience on Twitch or YouTube, showcase your gaming skills, and garner donations or ad revenue.
Esports tournaments: Compete in free-to-enter tournaments with cash prizes for skilled players in games like Fortnite or League of Legends.
Content creation: Craft engaging gaming-related content like guides, reviews, or funny montages for platforms like YouTube or TikTok and monetize through ads or sponsorships.
Is daily play required to start earning?
Some games offer passive income options such as staking, but actively playing usually increases earning potential. The more time and effort you invest, the greater your chances of earning more.
What’s the first step to making money with crypto games?
Research various play-to-earn (P2E) games, considering your preferred gameplay and investment level. Select a game you genuinely enjoy playing, as consistent effort is crucial.
Familiarize yourself with the game’s tokenomics and earning mechanisms. Consider investing in-game assets (purchase in-game assets), starting with smaller amounts to lower the risk. Engage with the game’s community and seek guidance from experienced players.
Is there a high demand for play-to-earn crypto games?
P2E is still a niche genre, but it’s experiencing rapid growth and attracting millions of players globally. This trend is expected to continue as the technology and game experiences improve.
Sources
- https://opensea.io/collection/parallelalpha
- https://finance.yahoo.com/news/blockchain-gaming-market-garner-818-154400628.html
- https://playtoearngames.com/news/atmtas-massive-layoffs-and-strategic-resilience-in-blockchain-gaming
- https://cryptopotato.com/web3-gaming-projects-see-600m-in-investments-in-q3-pushing-tally-to-2-3b-ytd-report
- https://www.theblock.co/post/294458/crypto-game-guild-of-guardians-launching-on-apple-and-android-devices-with-1-million-in-prizes
- https://www.france24.com/en/live-news/20220215-life-changing-or-scam-axie-infinity-helps-philippines-poor-earn
- https://www.globenewswire.com/en/news-release/2023/05/25/2676266/0/en/Blockchain-Gaming-Market-worth-65-7-billion-by-2027-growing-at-a-CAGR-of-70-3-Report-by-MarketsandMarkets.html
