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With the adoption of blockchain and NFTs and thanks to the GameFi play-to-earn model, you can now earn a nice income while entertaining yourself by playing games. With just your phone or PC playing play-to-earn games, you might be set to becoming the next millionaire.
But what are play-to-earn games? How do they work? How lucrative are they? How accessible are they? And where to start? Find all the answers below.
Play-to-earn models are NFT games that allow players to invest their time, effort, and money to earn returns from playing video games. Unlike traditional gaming, you monetize your time and effort spent playing games! That's pretty fancy if you ask me. Your return increases as you complete more quests and unlock more levels.
Play-to-earn works based on DeFi, NFT, and the blockchain ecosystem. Depending on the type of play-to-earn game, you're required to invest a stated amount of cryptocurrency, which allows you to buy items like avatars, extra lives, etc. before you can start playing the game.
You can earn in GameFi play-to-earn games via the following:
P2E offers gamers the opportunity to earn a maximum of $100 weekly or around $200 to $1,000 monthly, depending on the game type, playtime, and market price.
Although some GameFi games are free to download and play, most games may require an upfront cost to buy the in-game objects and tokens.
Notably, low-income countries are the majority players in the P2E game as it provides them an alternative income. As a result, more people are restricted from joining because the entry fee of these play-to-earn games can be as high as $150.
However, some GameFi projects have made this opportunity accessible worldwide. Below is a list of the best affordable gaming projects with high returns.
Attack wagon is a gaming project that removes the high cost of play-to-earn games for regular gamers. It introduces a 'Free to Play' model into 'Play to Earn' gaming and allows you to start small and build your empire from scrap.
Avocado Guild helps gamers afford expensive in-game assets. The guild buys the in-game assets you're interested in and lends them to you. In the end, you give them a share of your earnings.
Liberty is a barrier-breaking project in play to earn gaming. The guild is the gateway for accessing previously expensive and inaccessible NFTs within the blockchain. It also provides a platform for learning and thriving within the new gaming era.
The Sandbox allows you to play games, build your game or own real estate or land. Though it's still being developed, it seems promising. If you'd like to purchase real estate or acquire digital land in the metaverse, The Sandbox should be your favorite P2E gaming ecosystem.
The Sorare P2E centers on a fantasy football game with collectibles. You get to select your team players who're represented by NFTs.
Though play-to-earn is still a developing concept, it's fast becoming mainstream due to the benefits. Thanks to GameFi projects such as mentioned above, more people can now have access to P2E games.
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