Since the advent of non-fungible tokens (NFTs), they have proven time and again that they can change the game world. The emergence of NFTs promises an exciting new order in which players will play an even greater role in the game economy and be rewarded accordingly. Today, this gaming paradigm has started to take shape, with game developers increasingly using blockchain technology to give their games a more immersive experience. In this guide, we’ll give you a review of some of the best play-to-earn games available today. However, before we dive into our list of the best NFT games, let’s first talk about the basics of an NFT-based game.
How does the player benefit from the “play-to-earn” model?
The virtual economy in game worlds is nothing new: popular massively multiplayer online role-playing games (MMORPGs), such as RuneScape and World of Warcraft, have millions of players. Moreover, many supposedly free-to-play games are based on a “freemium” model: players have to invest a certain amount of money, in addition to the time and effort they put into the game, to level up faster or obtain rare in-game assets. While these in-game assets may be worth a lot of money, they belong to the game developers, not the players.
While game developers should be fairly compensated for creating entertaining games, players also contribute to value creation by investing time and actively participating in the game economy. The play-to-earn games model can be seen as a way to create synergies between the two parties so that each is rewarded for the value they contribute. On the one hand, gaming companies can develop a more dynamic in-game economy. On the other hand, players can use their own content in the game and be rewarded for their time.
What are the best play-to-earn games?
As in all emerging and established sectors, certain platforms are positioning themselves as the strongest in the world of NFT games. These games are at the forefront of the current NFT craze because they have successfully integrated NFT into popular game themes. Thus, players can play some of their favorite games while participating in the lucrative NFT art marketplace. Without further details, here are some of the best NFT games that fall into this category.
Splinterlands, a best play-to-earn game in which players trade cards representing NFT fighters, has also been quite successful. Players earn money through tournaments, leaderboards, and completing tasks. The game uses dark energy crystals as in-game currency and allows players to purchase items in the in-game store.
In Alien Worlds, another popular paid game, NFT-supported assets include terrain, tools, weapons, and avatars. For more information on how to start, click here.
This decentralized 3D virtual reality platform is powered by the Ethereum blockchain. Players can explore and create virtual structures in a 3D virtual world.
Hyper League is a decentralized best NFT car racing game studio that combines the worlds of cryptocurrencies and gaming. It is an open-world role-playing game based on the BSC blockchain, where you can mine, harvest, collect and race NFTs (non-fungible tokens), known in the game as hover vehicles.
Sandbox is a multiplayer community P2E game in which players can build their own worlds and earn cryptocurrencies. The game includes 166,464 areas that can be purchased and is a world with user-created landscapes, buildings, characters, and objects.
To earn money in Play-to-Earn games, you must sell your NFT earnings on the NFT marketplace. For some of these games, such as Axie Infinity, purchasing NFT on the NFT art marketplace is a prerequisite for participating in the game.
The financial rewards depend to some extent on your gaming prowess, but it is also important to remember to be extremely careful when earning money with NFT. Cryptocurrencies have proven to be extremely volatile. In January 2022, the UK’s richest cryptocurrency trader lost $800 million (£591 million) in one day when the market crashed. Those who invest in it are also vulnerable to fraudsters.
One example of common NFT fraud is carpetbagging, in which NFT project developers abandon a project midway through and disappear with investors’ money. A sudden rush into a project and a spike in coin prices can be a sign of carpetbagging, while projects that hold cash over a period of time are generally safer.
How do you play to win games?
Before you start playing, you need to understand the points described above and the risks involved in “playing for cash.” Once you understand this, you can start looking for a game that is right for you. First, decide why you want to play these types of games.
Is it NFT, coins, or both?
Before you start playing the play-to-earn games, make sure you know how you are going to earn money. To convert NFTs into money, you have to sell them, which can be quite difficult. Coins, on the other hand, are easier to convert. These “virtual currencies” or currencies are convertible into cryptocurrencies such as bitcoin or Ethereum.
In some P2E games, you won’t have to pay anything at first, but as you succeed, you will find that you will have to pay to use premium features or aspects of the game. The wisest thing to do is to invest what you can afford.