You may have heard gamers discussing play to earn or crypto gaming. And as like with many of us your first reaction might be caution or even suspicion as to whether you really can earn money through gaming.
The good news is that there really are options to increase your income while playing games online. So, in this post, we’re going to explain more and help you to get on the path to being paid for your gaming time!
Earn money with Play to Earn games
It’s important to understand how the play to earn market operates. Very few people make lots of money without committing their time and resources to become an expert in a particular game. So, for many people, it’s a case of enjoying the gameplay but then making a little bit of money while they’re doing so rather than giving up the full-time job.
The ways in which you earn money depending on the individual game. It could be by completing tasks, winning a tournament, or through collecting unique NFTs to then sell on.
Top Play to Earn Games
One of the games that has gained loads of attention in 2022 has been Splinterlands. The key reason for this is because of its card game mode, which mixes concepts of NFT, action, and more.
Splinterlands provides loads of variety through -
There are four Rarity types each with a different level and with circulations caps having been out in place. These have been named Common, Rare, Epic, and Legendary.
Now you need to start thinking about the stats of your opposition. These include the Mana Cost and the forms of Attack, then coupled with Speed, Armor, and Health.
These are known as Splinters and the Elements are Fire, Earth, Water, Life, Death, Dragon, and Neutral.
Over 64 Abilities
These unique abilities mean that you can turn the battle to your advantage in a huge number of ways; but beware, your opponent can do that too!
Over 500 Cards
The library of cards is growing all the time and this again provides players with a huge number of combinations.
Each game only takes a few minutes so it’s a fast and furious gaming environment!
Another hugely popular game, Axie Infinity offers the opportunity to win money or cryptocurrencies. This is thanks to the internal market that it owns and allows you to change or sell your creatures in exchange for some crypto; usually Ethereum (ETH).
Axie Infinity's system consists of granting rewards for playing the adventure mode or PVP. There the players who have their team ready will be able to win cups and climb the ranks to be among the players with the highest score; those who are in the first position will receive special prizes.
In addition to that, SLPs will also be awarded for winning PVP battles and missions; which would be the native currency of the game. On the other hand, many players report that they have made monthly winnings over $400; a figure that can increase if you become a manager.
We have left one of the most popular NFT games to earn cryptocurrencies in the last position. This is because, CryptoKitties not only allows you to earn cryptocurrencies, but you will have to breed "kittens" and then sell them on the market as an NFT; These are sold for amounts ranging from $10 to $1,000.
The most expensive NFT sold in this blockchain video game was priced at $300,000; this happened in 2017. So now said kitty may cost a lot more considering the current valuation of Ethereum in the market.
To exchange your kittens for cryptocurrencies, you must learn to breed them to sell them on the market; those with combinations and special items may have a higher price.
Can you make money playing?
Yes, making money from games is perfectly possible. You may be wondering how these platforms are profitable, but the answer is very simple: through advertising and affiliation.
That is, the more visits they receive, the more earnings they will earn with Google Adsense or other ad providers or affiliate platforms. As you can see, there is no catch. They win, you win.
In these sites, the objective is that both they and you benefit. While they make money through advertising as we have seen, you will have fun and you can make a profit too.
How to Convert the Cypto Winnings
With play to earn games you don’t earn money directly, but rather you receive points, credits, etc. that later can be exchanged for real money.
Depending on the site in question, you will have different options to collect the money, but some of the main ones offered include:
- Balance to buy on Amazon
- Gift cards with balance for iTunes
- Google Play and physical and online stores
- Balance for digital platforms
- Cards for streaming services such as Netflix or HBO
- Prizes and physical gifts.
As you can see, the possibility of winning real money playing online is not a myth but a reality. But we want to remind you again that it's about games first and foremost, and that the financual benefits are a nice extra.
Are games to win Cryptocurrencies profitable?
The level of profitability is calculated considering many aspects; the first one is the approximate amount of ROI you expect. Since, as it is in the case of Axie Infinity, we can say that it is very profitable because it offers a high return on investment; although unfortunately, you can't play for free. However, in the cases of free blockchain video games, to win bitcoins and other cryptocurrencies to be profitable, it is necessary to make investments.
Axie Infinity required an average investment of $1,300 and many gamers find that this sum is recovered within 3 months or so depending on the experience of the player and the NFTs acquired. So, once the investment has been recovered, then the rest will be profits.
As with many things in life, the money you can make varies with the amount you can invest and the time you have to study the game. We recommend taking it slowly, get to really understand the game and join the community forums. Never spend more than you can afford and then those financial winnings will be a nice bonus!