Thanks to the exploding trend of blockchain and NFTs, play to earn coins are increasingly attracting attention as they are no longer confined to entertainment needs. Instead, gamers can now earn money from them.
So, what is play to earn, and why is it so appealing to gamers? How do you make money with play to earn games? What are the best play to earn games or play to earn coins to play right now? Let’s explore the answers in the content of the article below.
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What is Play to Earn?
Play To Earn is a combination of two actions, Play (Play) & Earn (Earn), which means playing games while earning money.
Actually, the concept of “earning money from games” is not too new. For a long time, some professional gamers have been able to make money from grinding, selling equipment, selling accounts, hunting prizes… But today, with the unique combination of NFT and traditional games, it has brought players a more novel play to earn experience.
How is Play to Earn Crypto Different?
Thanks to blockchain technology and the advantages of the cryptocurrency market, the Play to Earn game model has now been improved, specifically:
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Game publishers have incorporated NFT into their protocols.
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Enhance the ownership of in-game assets for gamers, especially for NFT assets, you will not be managed by the game publisher.
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Players create value for other players and developers, in return, they are rewarded with in-game assets. These assets can be anything different, from attractive characters with rarity, or a specific cryptocurrency.
To understand more, you must learn more about What is NFT to know the specific features, characteristics of NFT, from there to understand what coin play to earn is.
Play to earn games are a relatively new phenomenon in the cryptocurrency market, and they have only become popular recently, especially with the emergence of a project like Axie Infinity.
In summary, the concept of play to earn games is very simple: you play games, earn rare items and sell them for real money. The games themselves provide the platform and tools to complete this transaction. But the most notable feature is that they are transacted in cryptocurrency.
But when you step into this industry, always remember that play to earn only works well in popular games with many players. That way, people will want to buy the items you sell. Everyone competes to earn good items, and those who can’t compete will have to pay to buy them.
How to Earn Money from Play to Earn Games?
In play to earn coins, to earn money, you will have to sell items in the form of NFT, and receive tokens of that cryptocurrency.
Cryptocurrency tokens, for example, Axie coin, MAMA coin… you can easily buy and sell them on famous cryptocurrency exchanges such as Binance, Huobi…
Let me briefly explain about NFT (non-fungible token) for those who don’t understand: NFTs are digital assets. In play to earn games, NFTs can be rare items, land, houses, weapons, costumes, emoticons, or anything else.They are unique, and they come with proof that you own them.
There is a market for selling these NFTs, such as Binance NFT, OpenSea, CNFT… And you can buy/sell these NFTs using the currency of the play to earn platform you are playing on.
Example: In the game Axie Infinity, you collect creatures called ‘Axies’ and use them to battle other players’ creatures. Each Axie is an NFT. You can trade, sell, or buy them to improve your gameplay.
This is just one example among hundreds, thousands of play-to-earn games. Each game has its own rules related to buying and selling NFTs. The game will let you know which NFTs you can and cannot sell.
Does Playing Play to Earn Games Cost Money?
Do play to earn games require an initial investment to play? This depends on the game, some games are free, but some require you to spend money to buy characters, land initially to play.
The release of a play to earn game is quite expensive, and developers will have to prioritize profit. Therefore, even if some games are initially free, they will surely require you to pay a fee to unlock some features, missions. Otherwise, you will be at a disadvantage compared to other gamers.
However, on a positive note, play to earn games are about making money. So even if you invest money initially, you can fully recover what you have spent, and even make a significant profit.
The Most Promising Play to Earn Coins 2024
Which play to earn games should you play? What are the most promising play to earn coins? Below are the best play to earn games currently available for you to start “earning money with them”.
Or if you prefer a simpler approach, just investing in the play to earn trend, choosing to buy play to earn coins and accumulate them, waiting for them to increase in value and make a profit is also a pretty solid investment approach.
Axie Infinity (AXS)
Axie Infinity is undoubtedly the most popular play to earn coin in the world of cryptocurrency. It is inspired by games like Pokémon and Tamagotchi. Players can collect, breed, raise, fight, and even trade creatures called Axies.
Each Axie is a non-fungible token (NFT) and has different attributes and strengths. You can spend time and effort to upgrade your Axies, then trade them for cryptocurrency – AXS coin, on a dedicated marketplace.
However, in addition to AXS, there is another cryptocurrency called Small Love Potion (SLP), earned by playing the game. It is an ERC-20 token and can be used to create new Axies. At the time of writing, both AXS and SLP are traded on the Binance exchange.
To get started with this game, players need to have 3 Axies.
- Website: https://axieinfinity.com/
- Current coin price: $ 7.16
- Market cap ranking: 101
Decentraland (MANA)
Decentraland is essentially a virtual world running on Ethereum’s blockchain where players can create, experience, and earn money from various contents and activities. Players can create virtual buildings such as houses, amusement parks, casinos, galleries, etc., and charge other players to visit, as well as introduce a range of digital content. Decentraland is fully equipped with NFTs, which players can buy, sell, and trade within and outside the metaverse.
The native cryptocurrency of Decentraland is MANA coin, used to buy land and various assets available in the Decentraland market.
Fairly speaking, Decentraland is not exactly a very popular play to earn coin because earning money in this virtual world is somewhat challenging. It suits those who are creative, capable of creating unique NFTs, or famous artists who can easily earn money. The initial cost of buying “LAND” to build on is also quite expensive. For average players, you can also play games within Decentraland to earn money, such as playing in Decentraland’s casinos and earning MANA.
- Website: decentraland.org
- Current coin price: $ 0.58079
- Market cap ranking: 102
The Sandbox (SAND)
The Sandbox is another virtual world based on blockchain that allows players to earn money as they experience the game. Similar to Decentraland, in The Sandbox, players can also build, create, buy, and sell various digital NFT assets within the game.
The Sandbox is famous as one of the leading gamefi platforms. Players can freely customize and earn money from voxels in The Sandbox. You can consider this game a blockchain-based version of Roblox or Minecraft.
The Sandbox is a player-oriented platform, also allowing you to develop and play your own games. SAND is the main currency of this platform, used for transactions, shopping, and when you sell assets, you receive SAND in return, which you can then sell on cryptocurrency exchanges.
- Website: sandbox.game
- Current coin price: $ 0.601265
- Market cap ranking: 78
Guild of Guardians (GOG)
Guild of Guardians is one of the leading blockchain-based mobile role-playing play to earn games. In this game, you build your dream team of unbeatable Guardians. These “Guardians” compete in guilds, craft unique assets, and raid dungeons, earning tradeable rewards in the process.
This game recently finished its ICO last month and is expected to launch in early 2022, promising to be one of the most anticipated gaming projects. Guild of Guardians already has over 140,000 players on its waiting list. Not only that, but it also boasts around 66,000 members on Discord and 68,000 followers on Twitter.
To maximize its chances of success, Guild of Guardians is busy building relationships with Ubisoft, and it has a close partnership with The Sandbox. Chain Guardians (CGG) is the in-game token for Guild of Guardians, serving as a governance and utility token.
- Website: www.guildofguardians.com
- Current coin price: $ 0.037565
- Market cap ranking: 1157
Illuvium (ILV)
Illuvium is an upcoming role-playing blockchain game set to launch in early 2022. In this game, players explore a fantasy world, defeat and capture creatures called Illuvials. Once owned, they can be used to battle other players or assist in completing quests and earning rewards.
The core of this play to earn coin project is to collect and customize your Illuvials. Each Illuvial has its unique attributes and classes, with their own strengths and weaknesses. Your Illuvials become stronger as you win battles and complete quests.
All assets in the game of Illivium, including Illuvials and other items, can be traded on the NFT market. If you are interested in earning in-game currency in Illuvium, you can purchase ILV on exchanges and then participate in Illuvium to earn from it.
- Website: staratlas.com
- Current coin price: $ 0.003105
- Market cap ranking: 768
My Neighbor Alice (ALICE)
My Neighbor Alice is a world-building game, providing an exciting experience for casual players and an ecosystem for businesses and NFT collectors.
In this play to earn game, players can buy and own virtual land as NFT tokens from the marketplace. Then, if you are an excellent landowner, you will receive benefits through the game’s reputation system. Besides land, you can buy and use various in-game assets such as houses, animals, crops, decorations…
The main currency in the game is the Alice token, which can be bought on any exchange. The Alice token is used for transactions within the game, such as buying land and utilizing DeFi services: betting, collateralizing, and repurchasing.
- Website: www.myneighboralice.com
- Current coin price: $ 1.33
- Market cap ranking: 460
CryptoBlades (SKILL)
CryptoBlades is another engaging blockchain play to earn game inspired by RPG genres, running on the Binance Smart Chain (BEP20). The game allows users to earn SKILL tokens by fighting battles and defeating enemies.
- Website: staratlas.com
- Current coin price: $ 0.003105
- Market cap ranking: 768
My Neighbor Alice (ALICE)
My Neighbor Alice is a world-building game, offering an engaging experience for regular players and an ecosystem for NFT collectors and entrepreneurs.
In this play to earn game, players can buy and own virtual land as NFT tokens from the marketplace. Being an excellent landowner will earn you benefits through the game’s reputation system. Besides land, you can purchase and utilize various in-game assets like houses, animals, crops, decorations, etc.
The main currency in the game is the Alice token, available for purchase on various exchanges. It is used for in-game transactions, like land purchases and DeFi services like staking, mortgaging, and repurchasing.
- Website: www.myneighboralice.com
- Current coin price: $ 1.33
- Market cap ranking: 460
CryptoBlades (SKILL)
CryptoBlades is an engaging blockchain play to earn game inspired by RPG genres, running on the Binance Smart Chain (BEP20). This game allows players to earn the SKILL token by engaging in battles and defeating enemies.
Players can freely craft their weapons and sell in-game items (NFTs) to others through the marketplace. To start playing this play to earn coin, you need to initially purchase a character (requiring a small fee in BNB), which will then be reimbursed as SKILL tokens.
- Website: www.cryptoblades.io
- Current coin price: $ 0.303846 $8.9
- Market cap ranking: 4742 1197
Splinterlands (SPS)
Splinterlands is one of the most popular free-to-play card games and a leading play to earn game genre. Players compete in card battles with other players, earning various rewards if they win.
To start playing this fantastic play to earn coin, you need to purchase a starter pack of cards. You might get lucky and obtain some rare cards in your first purchase. However, you might also get duplicate cards, but don’t worry, as you can sell them on the marketplace to get the cryptocurrency SPS.
Once you’re familiar with the cards, it’s time to battle with other players. Each round of Splinterlands only lasts a few minutes but can offer many opportunities to earn money.
- Website: splinterlands.com
- Current coin price: $ 0.009678
- Market cap ranking: 2191
Alien Worlds (TLM)
Alien Worlds is one of the most popular play to earn games, having been released a long time ago, and currently boasts over 2.5 million players on its platform.
Alien Worlds can be considered a metaverse, where players can experience the game space, earn money by mining, fighting, completing missions, or earning rental income from digital land, and then exchange for the in-game currency, Trilium (TLM). TLM can be traded on many well-known exchanges.
- Website: alienworlds.io
- Current coin price: $ 0.013258
- Market cap ranking: 695
Is it Worth Investing in Play to Earn Coins?
Many of you have asked us, will the trend of gaming coins or P2E coins explode in the future? Should we start investing in play to earn coins now?
If you want to play games for entertainment and earn profits at the same time, play to earn games are ideal for you. However, if you want to purely invest by buying and selling coins on exchanges and benefit from the price difference, play to earn coins might not be the best option.
Reason: Not everyone is interested in games.
Related post:
Although at the time of writing, there are over 1300 different play to earn games operating on various blockchains, in the vast world of gaming, this number is not significant. The trend of blockchain games is just the beginning, and currently, it is still too challenging to reach many new gamers, except for some already famous games.
Regardless, the advent of P2E games has brought a unique experience to gamers and cryptocurrency enthusiasts. For them, playing games is not merely “useless”; instead, it can be a profitable method if played and invested correctly.
Therefore, with our insights about what play to earn is, along with the list of the most potential P2E coins currently available, we hope you have a clear understanding of this concept and can choose a suitable game to experience and make money from it. We wish you great success and hope you earn a lot of money.
