What are Play-2-Earn games?
In this article, we will cover the basics of Play-2-Earn (P2E) games. What are Play-2-Earn games, are some of them free, and which ones can you start playing right away to earn crypto? You can find out all of that right here!
One of the biggest trends today is Play-2-Earn. Society, creators, and collectors are interested in this model. But the fact that you can earn money playing games may perhaps sound too good.
What are P2E games?
These are games in which you can make real money. Mostly you get a game token, cryptocurrency or even an NFT while playing. Additionally, these are blockchain-based assets, so with most NFT projects, you actually own the items. In addition to the character, this may apply to weapons, armor, raw materials and more.
The concept of NFTs gives players the ability to truly own their game assets for the first time in history. Many games focus on how players can earn money in them, but the blockchain is important here.
Among other things, this means that players do not have to worry about their assets. There is no risk that they could lose their assets, for example, due to an outage of the game or changes. And we are not talking about the fact that these assets are fully tradable on secondary markets.
Games often have their own token, which you can use to buy additional assets in the game, or even exchange them for other cryptocurrencies or fiat currencies on decentralized exchanges.
Additionally, many games are Free-2-Play. This means that the player does not need any money or assets to start earning. Other games first require an investment in a token, or directly in NFTs, such as game characters. Then there are projects that can be Free-2-Play, but if you want to earn more effectively in them, you need to make some investment.
For that reason, too, there is room for the creation of guilds in such games. These basically work by lending you NFTs to get into the game, and all they want in return is a share of the profits.
Which games should one play to earn?
2021 saw a big boom in Play-2-Earn games. Today you can find hundreds of them, and we have analysed many of them for you on our website www.charliegaming.com. Here are some of the most popular P2E games:
Axie Infinity
A Play-2-Earn pioneer. The first game that really pushed through. At the end of August 2021, it crossed the USD 1 billion mark in revenue. To this day, it is the first game that comes to mind when talking about P2E.
But thanks to all this, the project is now facing problems. From the declining community, through the falling price of the token, to theft or security breaches. Now, Axie serves more as an example for critics of Play-2-Earn games who point out the instability of the model.
Despite these setbacks, Axie Infinity is still one of the most popular projects, although its creators are slowly starting to move away from the game's focus on earning.
Unlike many new P2E games, Splinterlands was launched back in 2018 under the name "Steem Monsters". Since then, it has grown to become one of the biggest names in the field.
Splinterlands is a digital collectible game based on the Hive blockchain. Like Axie, you build up a collection of cards that have different abilities and stats. You fight against other players or the computer (PvP and PvE). For example, players can use their cards to fight for rewards, keep them as collectibles, or trade them on the peer-to-peer marketplace. It is a PC game that features Free-2-Play and Play-2-Earn mechanics, and now a mobile app is in development as well.
The Splinterlands game started the year by crossing the 1 billion battles milestone. Along with several significant updates to the decentralization and reward mechanics, the game is clearly shaping up to be a project that will play a significant role in the years to come.
As far as NFT card games go, Gods Unchained may well be at the top of the “food chain”. This tactical card game running on the Immutable X platform is free for new players. Of course, as players progress and win games, they can get new decks of cards. As with other P2E games, valuable decks can be traded on the secondary market.
Pegaxy
Pegaxy is a very popular racing NFT game with a Play-2-Earn mechanic. Players compete in PvP races for 12 contenders. As stated in Pegaxy's whitepaper: "Using strategic upgrades, food and skills, players have to rank in the top three to earn the platform’s game token VIS (Vigorus)".
The future of Play-2-Earn games
The future is promising, if somewhat uncertain. Especially in times like these, it turns out that when the market goes down, the game tokens go down as well. The "Play-2-Earn" connection has long come under fire from players who have played games for fun all their lives and don't like that games are now being portrayed as a means of earning money for occasional play.
Regardless, Play-2-Earn has become an important part of the blockchain that is sure to move forward. After all, even big brands such as Ubisoft or GameStop make use of the model. In conclusion, it seems safe to say that P2E games have a future as a part of the gaming world, but they will of course naturally evolve and change over time.
Analyst opinion
We, the Charlie Gaming project, believe that gaming is the future. It has been with us for thousands of years and the opportunity to make money in-game will attract many people. Even recently, people in third world countries were able to earn enough money to support themselves in Axie Infinity, for example.
Big projects like Illuvium are just starting to gain traction and will once again bring a new perspective on the entire industry. I personally believe that even the core players of non-profit games will find it difficult to resist the charm of Illuvium. But you can also find other potentially powerful projects on our website.
Besides, games will become an integral part of the metaverse later, so I'm not really worried about them.
analyst opinion
Marcus Jr.
In this article, we will cover the basics of Play-2-Earn (P2E) games. What are Play-2-Earn games, are some of them free, and which ones can you start playing right away to earn crypto? You can find out all of that right here!
One of the biggest trends today is Play-2-Earn. Society, creators, and collectors are interested in this model. But the fact that you can earn money playing games may perhaps sound too good.
What are P2E games?
These are games in which you can make real money. Mostly you get a game token, cryptocurrency or even an NFT while playing. Additionally, these are blockchain-based assets, so with most NFT projects, you actually own the items. In addition to the character, this may apply to weapons, armor, raw materials and more.
The concept of NFTs gives players the ability to truly own their game assets for the first time in history. Many games focus on how players can earn money in them, but the blockchain is important here.
Among other things, this means that players do not have to worry about their assets. There is no risk that they could lose their assets, for example, due to an outage of the game or changes. And we are not talking about the fact that these assets are fully tradable on secondary markets.
Games often have their own token, which you can use to buy additional assets in the game, or even exchange them for other cryptocurrencies or fiat currencies on decentralized exchanges.
Additionally, many games are Free-2-Play. This means that the player does not need any money or assets to start earning. Other games first require an investment in a token, or directly in NFTs, such as game characters. Then there are projects that can be Free-2-Play, but if you want to earn more effectively in them, you need to make some investment.
For that reason, too, there is room for the creation of guilds in such games. These basically work by lending you NFTs to get into the game, and all they want in return is a share of the profits.
Which games should one play to earn?
2021 saw a big boom in Play-2-Earn games. Today you can find hundreds of them, and we have analysed many of them for you on our website www.charliegaming.com. Here are some of the most popular P2E games:
Axie Infinity
A Play-2-Earn pioneer. The first game that really pushed through. At the end of August 2021, it crossed the USD 1 billion mark in revenue. To this day, it is the first game that comes to mind when talking about P2E.
But thanks to all this, the project is now facing problems. From the declining community, through the falling price of the token, to theft or security breaches. Now, Axie serves more as an example for critics of Play-2-Earn games who point out the instability of the model.
Despite these setbacks, Axie Infinity is still one of the most popular projects, although its creators are slowly starting to move away from the game's focus on earning.
Unlike many new P2E games, Splinterlands was launched back in 2018 under the name "Steem Monsters". Since then, it has grown to become one of the biggest names in the field.
Splinterlands is a digital collectible game based on the Hive blockchain. Like Axie, you build up a collection of cards that have different abilities and stats. You fight against other players or the computer (PvP and PvE). For example, players can use their cards to fight for rewards, keep them as collectibles, or trade them on the peer-to-peer marketplace. It is a PC game that features Free-2-Play and Play-2-Earn mechanics, and now a mobile app is in development as well.
The Splinterlands game started the year by crossing the 1 billion battles milestone. Along with several significant updates to the decentralization and reward mechanics, the game is clearly shaping up to be a project that will play a significant role in the years to come.
As far as NFT card games go, Gods Unchained may well be at the top of the “food chain”. This tactical card game running on the Immutable X platform is free for new players. Of course, as players progress and win games, they can get new decks of cards. As with other P2E games, valuable decks can be traded on the secondary market.
Pegaxy
Pegaxy is a very popular racing NFT game with a Play-2-Earn mechanic. Players compete in PvP races for 12 contenders. As stated in Pegaxy's whitepaper: "Using strategic upgrades, food and skills, players have to rank in the top three to earn the platform’s game token VIS (Vigorus)".
The future of Play-2-Earn games
The future is promising, if somewhat uncertain. Especially in times like these, it turns out that when the market goes down, the game tokens go down as well. The "Play-2-Earn" connection has long come under fire from players who have played games for fun all their lives and don't like that games are now being portrayed as a means of earning money for occasional play.
Regardless, Play-2-Earn has become an important part of the blockchain that is sure to move forward. After all, even big brands such as Ubisoft or GameStop make use of the model. In conclusion, it seems safe to say that P2E games have a future as a part of the gaming world, but they will of course naturally evolve and change over time.
Analyst opinion
We, the Charlie Gaming project, believe that gaming is the future. It has been with us for thousands of years and the opportunity to make money in-game will attract many people. Even recently, people in third world countries were able to earn enough money to support themselves in Axie Infinity, for example.
Big projects like Illuvium are just starting to gain traction and will once again bring a new perspective on the entire industry. I personally believe that even the core players of non-profit games will find it difficult to resist the charm of Illuvium. But you can also find other potentially powerful projects on our website.
Besides, games will become an integral part of the metaverse later, so I'm not really worried about them.
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