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Play-to-earn games are one of the fastest-growing segments in the crypto market. In 2020, gamers showed interest while in quarantine and even afterward.
According to DappRadar, daily activity for all crypto games on PC, Android and iOS from January to December increased by 35%to 718,000 users. Market capitalization grew even more by 191% ending the year at $173.5 million per day.
In early 2021, a wave of NFT (non-fungible tokens), some of which are sold for astronomical amounts, swept the world of gaming. Total NFT trading volume reached $22 billion in August, up from $338 million in January, according to recent reports from Statista. Most of this money is concentrated in gaming, which provides unique collectibles for in-game items.
Making money on crypto games with NFTs is getting more interesting. For example, in Battle Pets, pets are represented as tokens. Players can collect, grow, breed, arrange battles between pets or sell them, withdrawing the earned cryptocurrency to their wallets.
Inspired by Pokémon and Tamagotchi, Axie Infinity, a cryptocurrency withdrawal game, saw the most considerable increase in daily activity in 2020810%. The project has become so popular that in August 2021, it overtook the best applications on the Ethereum network in terms of the number of transactions in the protocol several times.
The weekly volume of large transactions (from $100,000) in September 2021 is $1.29 million.
Ways to earn
Earn in Axie Infinity can be achieved in two ways.
- Breed magic and combat creatures to use them in battles.
- Sell pets to other users.
To play, you must have two walletsMetaMask and Ronin. From the first, ETH coins are transferred to the second, where they are exchanged for WETH.
A player receives 1 SLP (Axie Infinity internal cryptocurrency) for winning an arcade battle against a computer. You can get up to 100 SLP per day, and then use them for crossing or selling at the current rate of $0.08 at time of writing. This price also applies to the purchase of tokens, and SLPs are burned after spending.
There is another type of game currencyAXS tokens. They are required for in-game purchases and are not burned after transactions. AXS is issued to users for the time spent in the game. The current value of tokens (as of September 2021) is $65.44.
How to play
Each Axie pet is an NFT. You can sell eggs obtained from crossing animals or raise them to full-fledged creatures. The egg can be sold for $300 and above, and adult Axie prices can reach several million dollars.
You need to buy a minimum of three pets or three eggs to start playing in Axie Infinity. The minimum investment is about $900 at the current exchange rate. The egg turns into a larva in a few days and then into a baby, which becomes a full-fledged Axie. There is a $2 fee per transition through the growth stages.
When you have an adult pet, you can participate in battles that take place through playing cards. Each Axie has its own characteristics and class, which give them certain advantages in battles.
Based on the Binance Smart Chain (BSC) blockchain, CryptoBlades is about battles where you need to create and equip characters. It is one of the most popular crypto gaming projects today and pays each user their portion of $3 million per day. The transaction volume in the decentralized application (DApp) CryptoBlades is $99.65 million per month.
Ways to earn
Players earn income from rewards for battle victories, sales of characters and in-game items (NFTs). A connected MetaMask wallet to play is a prerequisite for playing. The user first buys BNB coins and then exchanges them for the internal CryptoBlades tokenSKILL. With this money, you can buy players and weapons, and perform all internal operations in the game.
You receive about 0.05 SKILL for winning the battle, and the winnings may vary depending on the player’s level. Tokens can be used in the game, sold on the exchange or withdrawn. Withdrawal commission is 15% and decreases every day by 1%.
An overview of ways to make money in CryptoBlades would be incomplete if we do not talk about staking. There is a bug in the gameif you choose to stake for seven days, you can retroactively add an unlimited amount of SKILL and withdraw it to your wallet without commission.
As of September 2021, the domestic cryptocurrency CryptoBlades is trading at $23.26. Since August 2021, SKILL has lost 42.1%.
How to play
You need to buy seven SKILLs (about $163 at the current exchange rate) to start the game. The essence of the game is to defeat enemies and participate in raids, receiving rewards for successful actions.
You can create and improve characters and weapons (NFTs), hire additional heroes and trade existing items and characters in the free market. All characters and their equipment belong to one of four elementsach of them is either strong or weak in relation to the other. The outcome of the battle is based on this feature, as well as the player’s level.
The crypto game Alien Worlds is the fastest growing and one of the most popular on the DApp market. Over 2.7 million people play the game currently, and approximately 745,000 new members join the metaverse each month.
Alien Worlds is the only game project that works on three networks concurrentlyEthereum, Binance Smart Chain and WAX. However, all settlement transactions and technical processes go through WAX, a fast blockchain with low fees. The weekly volume of large (from $100,000) transactions in the game as of September 2021 is $5.74 million.
Ways to earn
Users can mine Alien Worlds’ internal cryptocurrencyTLM and trade various items presented in the NFT format. This requires a WAX wallet, and mining takes place without the active participation of the player. In Alien Worlds, you do not need to think about how to withdraw money. The mined tokens immediately appear in the user’s wallet.
How much you can earn in Alien Worlds depends on the initial investment. The player’s income from Alien Worlds’ mining can range from a few dollars to a couple of thousand per month. Currently, the game’s full functionality has not been disclosed, but the developers promise to add battles with other participants, quests with friends and other options.
In the meantime, users have another way to earn moneyTLM staking. It takes 48 hours to defrost coins.
The WAX token is used to pay commissions and staking inside the game. It is also used to buy and sell all NFTs (lands, weapons, avatars and artifacts).
During the game, users get TLM tokens, which are also intended for buying in-game items, completing quests and earning interest. The maximum TLM commission is 10 billion. Currently, there are about 0.9 billion tokens in circulation worth $0.22.
How to play
The core of the game is mining (but battles will be added soon). You can get cryptocurrency on the metaverse’s six planets by buying land plots (NFTs). The owner can set their own rules for mining TLM on the site and receive a commission from mining other players on their land.
A player needs at least one character and a shovel for mining tokens to start the game in Alien Worlds. In one approach, it produces 0.1 TLM. By purchasing new tools, you can increase the mining efficiency up to 500 TLM at a time.
Splinterlands is a collectible crypto card game powered by the Hive blockchain. Under the terms, users collect rare monster cards (NFT) to fight other participants. The project is trendy abroad and has already been translated into Russian. It is visited monthly by over 96.7 thousand players, and the total volume of transactions exceeds $67.2 million.
Ways to earn
The primary income of players is the sale of NFT cards, which can be worth a lot of moneywith many on the market being valued up to $7,000. You can also make money in Splinterlands by participating in battles, building, staking and leasing NFTs to other participants.
Battle winners receive DEC tokens, which can be spent on buying artifacts, sold or put on withdrawal, having previously exchanged them for TRX. There is another cryptocurrency in SplinterlandsSPS. So far, this is only a staking token that is awarded to players daily for special achievements.
How much you can earn depends on the player’s activity and luck. Some participants come across rare cards that immediately pay off all expenses, and others use artifacts to participate in battles. Each battle lasts between one to two minutes, and up to one dollar is given for a victory, depending on the rating.
DEC tokens cost about a half-cent as of September 2021 and are already traded on the Uniswap and Tron trade exchanges. SPS can be bought and sold on seven trading platforms for $0.28.
How to play
You can start the game for free, but it is recommended to buy a Quest Book, the completion of which will lead to receiving chests that can earn you money. Each chest drops potions, Splinterlands tokens (DEC) or NFT cards.
Using Splinterlands potions can increase the number of chests or increase the chance of finding ‘gold’ and ‘legendary’ NFTs.
Battles take place automatically. Before each contest, the player chooses the ‘summoner’ and ‘monsters’ per the ‘mana,’ the amount of which the game determines.
The R-PLANET game is also NFT-related and built on the WAX blockchain. In the story, players head to Mars to prepare it for colonization. On the way, they must create new items that will make it possible to settle in a new home. For each such item, the user receives an NFT.
The game started at the end of 2020 and has already gained many fans. Every month the platform enjoys 37.5 thousand active participants. Currently, the total volume of completed transactions in 30 days is $4.6 million.
Ways to earn
The primary way to make money in R-PLANET is NFT staking. Artifacts bring crypto tokens AETHER, which can buy primary elements (earth, air, water, fire) or sell on the Alcor exchange.
The player can use their plots of land to mine resources and exchange them for AETHER. The created items can not only be staked but also sold on one of their WAX marketplaces.
Another opportunity to make money in the game is the NFT staking of other projects purchased on the WAX marketplace.
Like most popular tokens, AETHER is traded on DEX. The Alcor decentralized exchange works with the WAX blockchain. As of September 2021, the AETHER token is trading at 0.00001310 WAX (1 WAX = $0.27).
How to play
You can start the game with any amount by purchasing the required NFT on the market or in trade chats. The player’s task is to craft new items that will be useful to them for mastering Mars. You can use four elements for this
Players receive 500 WAX for finding a new item. Most of the items are interchangeable (NFTs) and are only needed to craft other items. You can’t stake them. The first 600 players to craft a new unique item will receive NFTs of varying rarity.
My DeFi Pet
The crypto game My DeFi Pet runs on the BSC blockchain and resembles Axie Infinity in functionality. It also requires players to raise and breed pets, but the gameplay is much more straightforward. In July 2021, the My DeFi Pet token experienced a tenfold increase. However, by the end of the summer, the price had halved (to $4.10). As of September 2021, the game collects 130,000 users per month, and the total transactions volume exceeds 3.5 million.
Ways to earn
The game is in the early stages of development and it works with limited functionssuch as buying and feeding pets to level up. It is not yet possible to earn money in My DeFi Pet. However, the developers promise to add the sale and battles of pets, staking and trade in the land soon. In-game items will be traded as NFTs on their marketplace.
DPET is the main game currency, and it will be used to trade, exchange and improve pets and their special qualities.
At the current CoinMarketCap rating, My DeFi Pet coin is ranked at 809 with a market cap of $17.6 million. There are 6,878,202 tokens in circulation out of 100 million of the total supply. The cryptocurrency is trading at $2.55.
How to play
The game is more like a farm. First, you need to buy an egg for three DPETs and raise a pet from it. Eggs can be bought at the market or obtained by crossing pets (also for three DPETs). In the second case, the result will be more predictable.
Adult pets mine silver, which is used to buy pens and plant fruits and vegetables. Each animal has several characteristics, which so far only affect how much precious metal it can mine. Pet battles are coming soon.
Crypto Zoon is a new game running on the BSC blockchain. Inspired by the history of Pokémon, the platform offers the chance to collect funny creatures to use them to fight the alien Yaki race and receive rewards. According to the latest data (September 2021), the platform receives 62 thousand users monthly, and the total transactions volume for this period is at $121,570.
How to earn
Players are rewarded with ZOON tokens for various actions.
- Crossing and raising pets.
- Battles with monsters.
- Combat training with friends.
In addition, you can sell pets and digital merchandise on NFT marketplaces and withdraw the proceeds through BSC.
ZOON is a proprietary in-game token used to reward users for victories in battles, buy eggs and raise pets. As of September 2021, its market capitalization is $19.05 million. There are 827,125,997 tokens in circulation out of 997,959,688 issued. The current Crypto Zoon rate is $0.02.
How to play
The minimum investment in the game is approximately $150. With this money, you need to buy an egg and raise a pet from it. In total, there are six types of creatures of varying degrees of rarity. Depending on this, the pet can fight one to three times every two hours.
The Upland game is gaining popularity in the Russian-speaking online community, and it is a success among foreign gamers. The platform is based on the EOS blockchain and is a virtual version of Monopoly, in which participants buy, sell and develop real estate objects linked to real addresses.
At the end of summer 2021, the total players’ income on Upland exceeded $1 million. As of September, the platform enjoys 130 thousand active users per month. The total transaction volume in 30 days exceeds $3.5.
How to earn
Players move around the map and discover new lands or find treasures, receiving UPX tokens for this. They can be spent on the purchase of land and the construction of profitable real estate. The landowner receives $0.03 in UPX per day and sets a visiting tax for other users.
If you collect certain parcels, you can get even more UPX and impose an even higher tax. In addition, land can be sold on the NFT marketplace.
The internal UPX token is not traded, and it cannot be withdrawn either. However, Upland provides an option for players to exchange UTX for USD using the Tilia platform.
How to play
The game takes over the spirit of the famous Monopoly and the collection system. The player is invited to buy entire sectors, districts or NFTs of a certain type to close the building and receive a bonus.
The player slowly moves along a digitized map of a real city, choosing a starting point and an approximate direction and paying a visiting tax to the landowner. On the way, you can buy free plots of land or redeem them from the owners for UPX.
One of the most anticipated innovations of 2021 combines blockchain technology, DeFi, real-time computer graphics and multiplayer video games. Star Atlas is a space metaverse in which players can coexist or destroy each other, but together they create a new world with unique opportunities and their economy. The project was created on the Solana blockchain. The full functionality is just getting ready for launch, but players can already buy galactic assets on NFT sites.
Ways to earn
The game offers users the opportunity to explore space, fight, create material values in NFTs, exchange and trade them and implement political strategies. Successful actions will be rewarded with ATLAS and POLIS tokens, which can be traded on cryptocurrency exchanges. In-game items will also be traded on NFT marketplaces.
The game provides for the creation of 36 billion ATLAS tokens and 360 million POLIS tokens. At the time of the initial listing on the FTX, Raydium, Apollo-X exchanges, two percent of the cryptocurrency was sold for a total of $2 million. The starting price of Star Atlas tokens was $0.00138 for ATLAS and $0.138 for POLIS. As of September, assets are trading at $0.093 and $7.44, respectively.
How to play
Every asset in Star Atlas is an NFT. Ships, crews, weapons, lands, pets and more can be bought and sold with the ATLAS token. The second Star Atlas token, POLIS, can develop strategies in your region and exert political influence in the game. Players will be able to set taxes and fines independently on the territory of their state.
The cryptocurrency market is increasingly intersecting with the gaming industry. As a result, many crypto games are being created. Most of them are tied to NFTs, an interesting prospect for monetizing in-game items and characters. The most popular genre is the role-playing game or RPG, which fits neatly into the NFT economy.
Cleo Johnson is an author of crypto-related articles and crypto trader.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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