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Home News Business

Can You Actually Earn Profits Through Crypto Games?

Marcin Dragunov by Marcin Dragunov
October 26, 2023
in Business
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Can You Actually Earn Profits Through Crypto Games?
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It’s no surprise that crypto has become so popular and comes with so many daily updates. Considering the technology and concepts it promotes, thousands of users decide to start earning crypto one way or another daily. And they manage to earn it most of the time.

Now, there are good old ways of earning or investing in crypto, but some newer options have started gaining popularity. While simply buying crypto or trading it on various exchanges can do the work, did you know that you can also earn tokens without investing your funds?

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One of the top choices when it comes to earning crypto without investing is playing various blockchain-based games that can bring surprising rewards on your side, especially when you are consistent in your playing. But can you really see some significant profits out of playing such games?

In this article, we will talk about some of the most popular features blockchain-based games have and what are the main types of such apps users usually choose.

What Are Crypto Games?

At first glance, crypto games look just like regular games, but the main difference is that they are developed on various blockchains. This is why they also have some features “borrowed” from the network they rely on, such as high levels of security, scalability, and privacy.

Usually, when you want to play a crypto game, you will find it online or be required to download it. Afterward, you will have to create an account by providing specific personal information. Don’t worry; crypto games don’t require much information but may require your name, email address, and a password for the account. Also, such apps don’t usually ask you to complete KYC or AML procedures.

The great thing about crypto games is that you will not need to top up your account with crypto. You don’t even need to hold crypto or have crypto knowledge. When you want to play a blockchain-based game, all you have to learn is how to play that game. Afterward, when you earn some tokens, you can start to be concerned about how to trade crypto and where to hold it to be safe.

But what do you really have to do in a blockchain game? Well, there are some main types of such games that everyone prefers.

Play-to-Earn

Play-to-earn (or P2E) games are blockchain-based apps that allow players to earn cryptocurrencies, NFTs (Non-Fungible Tokens), and other digital assets while playing the game. Basically, when you advance in the game, you receive crypto tokens for various tasks and quests that you complete.

Let’s say you find a P2E game where you just have to play soccer, something like the so-popular Fifa. So, when you win a match, you will receive some tokens as a reward. The more tokens you have, the more in-game assets you can buy. Also, you can withdraw those tokens and trade them on major exchanges, such as Binance or Coinbase.

Usually, P2E games might also reward users with NFTs. For instance, in that soccer play-to-earn game we mentioned before, you might be able to win NFTs representing famous players. You then can exchange them for others or crypto.

Also, you may be rewarded with NFTs representing some accessories or new clothing. This way, you can customize your team as you might like. You can also add some powers to the players if you want to have a sure success.

Move-to-Earn

You might not realize it, but you have already heard of M2E (Move-to-Earn) games. Remember Pokémon GO? Now, imagine that it would have been built on top of a blockchain, and you could earn crypto by walking and looking for new Pokémons.

So, the definition is pretty simple – you move, you earn. M2E games are pretty similar to P2E apps; only you have to make as many steps as possible to win those tokens. Just like with play-to-earn games, you don’t have to hold crypto to start playing. You just have to start walking, exercising, running, jogging, dancing, or playing sports.

When you start playing an M2E game (which usually happens on the phone), your phone will track your activity, and the more it increases, the more tokens you receive. And besides earning crypto, you also have a healthier lifestyle. Basically, you get the best of both worlds.

Integration with AR

The future will look so much different, this is for sure. And crypto will play a vital role in this. Along with other technologies, it will manage to change how we see and use money. We’re slowly moving to Web3; we now use VR, DeFi, and dApps.

AR is another concept that intrigues many of us, and some projects already implemented it successfully. For instance, you can find M2E games that integrated AR into their gameplay. Basically, when you walk, you can enter a fantastic universe by only looking at your phone. The surroundings become part of other worlds that welcome you with many characters by your side. This way, your experience with an M2E game will become even better, and you will be willing to walk more, thus earning more tokens and other types of rewards.

To wrap up

Crypto has gained remarkable popularity, and we’re not talking only about cryptocurrencies but about many other types of crypto projects that intrigue millions of users worldwide. Among these projects, crypto games are the apps and platforms that can be named the most engaging.

Crypto games look just like regular online games, but they are developed on top of a blockchain, which comes with higher security, privacy, and scalability.

Some of the most popular blockchain-based games include P2E (Play-to-Earn) and M2E (Move-to-Earn) games. In such games, you have to play or move to earn crypto. You can also win NFTs or other types of digital assets. Usually, you can use those rewards in the game or trade them on other major platforms.

 

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