Video games today are a means not only to spend time, but they can be a source of crypto money as well. Play-to-earn (P2E) models allowing users to earn crypto rewards by playing the game, making actual value from the play. Whether it is through the generation of non-fungible tokens (NFTs) or via DeFi activities in gaming ecosystems, there are many options for obtaining crypto while gaming. In this post we will go over the strategies and platforms where gamers can exploit their abilities and passion, and make gaming their career.

What is Play-to-earn (P2E) game？

Play-to-Earn crypto games are blockchain-based games in which you can earn prebuilt cryptocurrencies, NFTs and other assets that have real value through play. These digital assets can be redeemed in game for real currency via marketplaces and crypto-currencies.

Play-to-Earn games represent a significant shift in the gaming industry, allowing players to derive economic value from their gaming experiences. As this model continues to evolve, it opens up new opportunities for gamers, developers, and investors, bridging the gap between entertainment and financial investment.

How Do Play-to-Earn Games Work?

Play-to-Earn games are the best combination of fun and cash that allow you to make money from your time and abilities, in a decentralized way. The more this model evolves, the more the gaming world shifts towards player power, ownership and new types of value creation.

1. Blockchain Technology

• Decentralization: P2E games have blockchain networks (e.g., Ethereum, Binance Smart Chain, etc.) to make transactions, ownership, and in-game asset exchanges secure and transparent.
• Unaltered Traces: The blockchain stores a permanent record of all the transactions, which is why it is possible for players to know who owns the assets in the game.

2. Non-Fungible Tokens (NFTs)

• Unique Ownership: In P2E games, all the characters, objects, land, etc. are identified with NFTs. This means each resource is different and can be owned, purchased, sold, or traded by players on a marketplace.
• Marketplaces: Players can trade their NFTs at different platforms, giving actual economic significance to their game-realized achievements and belongings.

3. Earning Mechanisms

• Rewards from Gameplay: Earn tokens or crypto for completing quests, achieving battles, or participating in events in the game.
• Staking: Some games have staking bonuses that let you hold your tokens for a certain amount of time and swap them for more tokens.
• Creation of Assets: Players can design or make objects in the game and then sell or trade on blockchain marketplaces.

4. Tokens and Cryptocurrencies

• In-Game Tokens: Almost every P2E game comes with its own in-game tokens that can be earned through gameplay and used to transact in the game ecosystem.
• Transfer to Fiat: Players’ income can often be exchanged into fiat money (e.g., USD) through cryptocurrency exchanges, allowing players to see their work in dollars.

5. Community and Governance

• Decentralized Governance: In some P2E games, there are also community governance mechanisms, and a voting system for issues regarding game development, features, and economics is in place.
• Social Aspects: Many successful P2E games are highly community-oriented, encouraging social, collaborative, and competitive play.

6. Initial Investment

• Buy-in Costs: There are P2E games where players need to buy starting assets (such as characters or land) to play. This might make it difficult to get in, but it also means potential revenue for those assets.

How to Get Crypto While Playing Video Games？

1. Play-to-Earn (P2E) Games

• What They Are: P2E games are games in which players are given cryptocurrency or other rewards for playing.
• Earning: Players can win quests, meet milestones, or simply beat the game for in-game tokens, which are easily converted to cryptocurrencies. Examples include Axie Infinity, The Sandbox, and Decentraland.

2. NFTs (Non-Fungible Tokens)

• In-Game Assets: Many P2E games represent in-game items, characters, or land with NFTs.
• Earn: You can mine, buy, sell, or exchange these NFTs on different marketplaces. If you earn or obtain valuable NFTs, you can trade them for crypto.

3. Staking and Yield Farming

• What Are They: Some games let you stake your in-game tokens or NFTs to receive extra prizes.
• Earn: By locking your tokens for a set time, you will earn interest or more tokens, which you can convert into cryptocurrencies.

4. Crypto Tournaments and Competitions

• Competitive Gaming: Many games run tournaments where you can compete to win crypto-rewards.
• What You Can Make: Participating in these competitions and performing well can yield cash prizes in the form of cryptocurrencies.

5. In-Game Achievements and Challenges

• Unlock Rewards: Some classic games incorporate blockchain elements to reward you when you complete certain tasks or milestones.
• How to Get Paid: If you satisfy certain requirements set by the game creators, you can earn tokens or crypto points that can be used later.

6. Referral Programs

• Invite Friends: In some P2E games, referral bonuses are awarded for inviting people to the ecosystem.
• You Can Make Money: By sharing your referral link and inviting your friends to join, you will receive cryptocurrency rewards once they start playing.

7. Participate in Game Governance

• Voting: Some blockchain games allow players to vote in governance matters.
• Earning: With certain tokens, you can vote on game features and may even receive rewards for participating.

8. Join Gaming Communities

• Social Media Adoption: Games often have community ecosystems and offer rewards for community participation (in the form of content, video snippets, or social sharing).
• Earn: By participating in these communities, you can earn crypto through giveaways, competitions, and community projects.

Conclusion

The opportunity to earn cryptocurrency in games provides players with a new experience and source of income. By participating in Play-to-Earn (P2E) games, trading NFTs, participating in competitive events and community activities, players can not only enjoy the fun of the game, but also get real economic rewards. As blockchain technology continues to develop and be applied, more innovative ways to earn cryptocurrency may appear in the future. Therefore, whether you are a novice or a veteran player of the game, you will be able to find your own opportunities in this emerging field. Start exploring these possibilities and make your gaming time not just entertainment, but a journey to new wealth!