Play-to-Earn games use blockchain and NFT (non-fungible token) technology to create a gaming economy where players can earn cryptocurrencies or NFTs for playing and completing tasks. These rewards then have real value and can be sold on cryptocurrency markets.
How do they work?
How it works varies from game to game, but in general, players own unique in-game items (characters, weapons, lands) represented by NFTs. These items can be upgraded, used for competitions with other players, or rented out to other players for profit. Some games also offer rewards for playing itself, such as winning matches or completing tasks.
Why are they so popular?
Play-to-Earn games attract players with the opportunity to earn money by playing games they enjoy. It can also become a source of main income for some, especially in lower income countries.
Risks of Play-to-Earn games:
However, it is also important to be aware of the risks. The initial investment in NFT or other game items can be high and there is no guaranteed profit. The value of both cryptocurrencies and NFTs themselves is volatile and can drop sharply. Some games can turn out to be "pump and dump" schemes, where the price of game assets skyrockets due to marketing, only for them to plummet, leaving only early investors to profit.
Before you start playing a Play-to-Earn game:
- Explore the game: Read reviews, watch videos, and see if you like the game itself.
- Understand the game economy: How are rewards earned? What is their value?
- Consider the initial investment: You can also start with games that do not require expensive NFTs.
- Think of it as fun: Don't just focus on making money or the game will lose its charm.
The Future of Play-to-Earn Games:
Play-to-Earn games are still a new phenomenon and their future is unclear. It is possible that they will establish themselves as a new way to play and make money, but there is also the risk of bursting the bubble and disappointing players. It is important to approach them with caution and common sense.
Looking for specific Play-to-Earn games?
There are many sites on the Internet that compile lists of Play-to-earn hry games. Popular games include Axie Infinity, The Sandbox, Splinterlands and many more
