What are Play to Earn Games? | Top NFT P2E Crypto Games

The gaming world has seen a paradigm shift from being a hobby to a billion-dollar industry in a few years. Statistics from CoinmarketCap show that the gaming industry is worth more than $6 billion and constantly increasing with an influx of new users. Currently, Play to earn games (P2E) are soaring in popularity. Some people are skeptical, but others say that P2E Games Will Revolutionize the gaming world.   

So, what are play to earn games? This blog will give you a brief idea about P2E games, and we’ll also explore the top NFT P2E crypto games.

What are Play to Earn Games?

Play-to-earn games enable users to generate income by just participating in the game. Users collect different crypto assets or Non-Fungible Tokens (NFTs) from the gameplay to exchange them for other crypto assets or fiat currency. The underlying technology and mechanism of each P2E game can be different, but all of these games generate income for gamers.

In Massive Multiplayer Online (MMO) games, gamers collect these items as the gameplay progresses. Gamers need to complete several conquests and challenges to manage the in-game assets such as NFTs, weapons, wearables, and crypto tokens. Gamers have the opportunity to customize their character with these collected items.

Evolution of the Gaming industry

Since its inception, the game industry has come a long way: the first games started with Pay-to-Play, where players bought games and resources to play. Over time, the Pay-to-Play concept evolved and became Free-to-Play. Even in free-to-play games, players had to buy game resources that were not transferable to another game. Players had no ownership of the items they purchased. With the advent of blockchain, a new concept – Play-to-Earn – solves similar problems.

In recent years, Play-to-Earn (P2E) games have gained tremendous ground in the blockchain space because of their infinite possibilities. By using the right skills and experience, players receive crypto/NFT tokens for their time and energy. Billions of dollars in digital savings have been created this way.

Axie Infinity is the leading P2E game with humongous popularity over the last two years. Inspired by the Pokemon of Nintendo, Axie is a combination of conventional video game pieces with blockchain compatibility. As we’ve understood what P2E games are, let’s move on to know how they work.  

Working of P2E Games  

A new terminology, GameFi, came into existence when the gaming industry combined finances with P2E games. Let’s see how gamers can earn crypto assets or NFTs by playing these games.

One way of earning a crypto reward is by completing a specific quest. For example, in Axie Infinity, gamers can win Smooth Love Potion (SLP) for participating and completing daily quests. This is the first way how players can earn crypto. SLP is an in-game asset of Axie Infinity that can be sold in the marketplace for other digital assets.

The second way of earning in P2E games is the in-game NFTs. NFTs can represent different assets or things in each contest, from an item of character to the character itself. Each game has its own NFTs that can be exchanged for other currencies.

Another way of earning through P2E games is staking. Not all P2E games utilize staking, but some are leveraging this concept to generate passive income for their players. In some P2E games, users can stake their digital assets in a smart contract to create passive income. For example, the games like MOBOX MOMO allow their users to stake MBOX tokens and receive mystery boxes that can have rare collectibles.

We’ve looked at the working of P2E games and how players can generate income. But, the popularity of P2E games is linked to blockchain technology. Let’s explore the role of blockchain technology in the P2E gaming sector.

What is The Role of Blockchain in P2E Gaming?

Earning money from gaming is not a new concept. Many online games (MMORPGs) feature fiat-based auction houses or gold farmer-run secondary marketplaces. The critical distinction in P2E games is that the currencies and items are stored on blockchains. The qualities of a blockchain make it easy to establish ownership, validity, and rarity.

A blockchain network can be compared to an immutable database. It’s run by a distributed network of computers (users), each of which has a copy of the blockchain data. Changing, duplicating, or deleting blockchain data is nearly impossible.

As a result, traditional games can be created in a method that eliminates fraud or corruption, such as item duplication, gold hacking, and other exploits. The rarity of an item in-game determines its value. There is no copying and pasting with blockchain. If something is one-of-a-kind, it can never be duplicated. This helps to give in-game items actual worth.

Blockchain games or P2E games have many benefits compared to traditional games. Let’s see what benefits blockchain gaming offers.

Advantages of Play-to-Earn (P2E) Games

Play-to-Earn games, a pivotal aspect of the cryptocurrency realm, offer a myriad of advantages. These encompass:

Blockchain Empowerment

By harnessing the power of blockchains, Play-to-Earn games safeguard ownership of in-game items, ranging from crypto coins to non-fungible tokens (NFTs). Unlike conventional online games where the deletion of server data jeopardizes your in-game possessions, blockchains assign a unique identification to each purchased item, ensuring its inviolability without the player’s consent.

Earning Potential during Gameplay

P2E games bestow the opportunity to earn actual money while indulging in gameplay. In-game currency can be exchanged for collectibles or other NFT collections, which can then be sold on diverse marketplaces, enabling the accumulation of cryptocurrencies.

Cultivates Gaming Innovations

Play-to-Earn games pave the way for groundbreaking trends within the gaming sphere, fostering an environment conducive to the emergence of ambitious large-scale projects. These games introduce an entirely novel realm of player capabilities that transcend mere participation.

Mutually Beneficial for Gamers and Developers

Play-to-Earn games offer lucrative avenues for both players and developers alike. While players amass wealth through in-game assets, developers responsible for crafting these games witness amplified revenue streams as the P2E ecosystem expands.

Fosters Gaming Communities

In Play-to-Earn games, players engage in collaborative quests and tasks, sharing the resulting benefits. This cultivates the formation of vibrant player communities united by a shared objective. The concept of incentive-sharing within P2E brings numerous players together, fostering a wholesome and inclusive atmosphere.

Advances the DeFi and NFT Realms of the Crypto Landscape

The burgeoning demand for P2E NFT crypto games necessitates the development of captivating and competitive multi-level experiences. The revenues generated by these games not only fuel their own evolution but also contribute to the growth of the broader crypto ecosystem, encompassing DeFi and NFTs.

Promotes Blockchain Applications

The blockchain-based nature of play-to-earn games has captivated widespread attention, igniting a global phenomenon. Consequently, people have been drawn closer to the mesmerizing potential of blockchains, prompting increased adoption of blockchain-based products.

Generates Tangible Value

Play-to-earn games empower players to monetize their in-game assets and collectibles, while simultaneously enabling developers to generate revenue. Ultimately, these endeavors materialize into palpable real-world value.

Let’s explore some of the top Play to Earn Games that you can enjoy:

Top NFT P2E Crypto Games

Let’s discuss some of the top NFT crypto games that have helped this industry flourish.

 Axie Infinity

The Pokémon property serves as a major source of motivation for Axie Infinity, and the distributed ledger element contributes to the product’s intrigue. In this Ethereum-based game, participants grow and acquire NFT-based fictional entities named Axies with the main objective of combating rivals. Every Axie possesses a distinct genetic characteristic.

These digital pets may be traded on Ethereum NFT, as expected, and the price of each pet is determined by its rarity and distinguishing qualities. You need to obtain three axes in order to start the game. Every objective, player versus player (PVP) battle, and exploration gameplay will grant you an item of enchantment (SLP), the first usable token of the ERC-20 platform.

Sandbox

One of NFT’s most well-liked gaming environments is Sandbox, a voxel-based virtual world game where players may manufacture and trade virtual goods. In this game, players can control voxels to their advantage. Think of it as a blockchain-based variation of well-known games like Roblox or Minecraft. 

The platforms offer resources for designing and animating items that can then be traded or auctioned. On the site, users may also design and play their games. Sandbox 3D introduced the ERC-20 SAND coin as its meta world token. Players can use the platform’s marketplace to purchase game stuff.

Gods Unchained

Gods Unchained is a free-to-play card game that tries to incorporate NFT features into the popular genre. Players acquire cards by purchasing them from other players or by winning PVP matches, in which the quality of the cards and the player’s skills are frequently used to determine the winner. 

Skill and strategy are given more weight. The game employs ranked play, which pits players of equal rank against one another. When your opponent’s life drops to zero before yours, you win the match. You receive experience points for each victory. You advance to the next rank or level when the experience bar is complete, and you receive a new pack of cards for your collection.

Sorare

Sorare is an NFT mobile game centered on soccer available for Android handsets. It’s a card-based game with a wide variety of footballers from many leagues, like the Premier League, La Liga, Bundesliga, Serie A, and others. Limited, rare, ultra-rare, and unique cards are all available.

Players can design their ideal team and win matches by purchasing these cards. These cards are unique in that their worth is determined by the players’ performance on the field.

Alien Worlds

Alien World is a blockchain-enabled Play-to-Earn game that uses the Trilium game token to simulate Earth’s economy. In this game’s NFT-based Metaverse, users can participate in mining tasks for the gaming token TLM.

The game takes place in the year 2055 and features a metaverse. Everything in the game’s Metaverse can be tokenized using Non-Fungible Tokens (NFTs). Players mine the game token with their NFTs. NFTs can also be utilized to improve a player’s mining efficiency.

How HashVerse Can Help?

Are you ready to venture into the world of Play-to-Earn games and looking to develop your own captivating gaming experience? Look no further than HashVerse Solutions, the premier provider of tailored solutions for Play-to-Earn game development.

We are equipped to bring your vision to life using our expertise in blockchain technology and extensive experience in the gaming industry. Our team of skilled developers, designers, and strategists will work closely with you to understand your unique requirements and create a game that is both engaging and profitable.

Whether you’re an aspiring game developer or an established studio, HashVerse Solutions is your trusted partner in building immersive Play-to-Earn games. From conceptualization and design to implementation and launch, we offer end-to-end development services that ensure your game stands out in this rapidly evolving market.   

Don’t miss the opportunity to unlock the full potential of Play-to-Earn games. Partner with HashVerse Solutions and let us turn your ideas into a reality. Contact us today to discuss how we can collaborate and create a groundbreaking Play-to-Earn game that will captivate players and drive revenue. Together, let’s shape the future of gaming.

Bottom Line

The list of blockchain-enabled P2E games goes on and on, but we’ve narrowed it down to the most popular. The gaming business has grown to be a multibillion-dollar industry in a short period. Players should keep an eye out for upcoming ventures that have the potential to dominate this market. Despite many P2E games already available, new gaming models are expected to lead to the development of more projects in the future.