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Is it Possible to Earn From Play to Earn Games? Can Play to Earn Games Deliver?

Let\’s just combine fun and finance, entertainment and making money with it, how does it sound? Quite the ideal isn’t it? This is what Gamefi is all about. Gamefi, to put it simply, is game and finance. The idea behind this notion is to play video games and earn money in the shape of cryptocurrencies, tokens, and NFTs. When you get your hand on it, cash them out, and voila! The advocates of play to earn games say that you don’t have to put in hours of grind, just a couple of hours a day to get a couple of hundreds in USD. 

Can We Earn from Gamefi? How is it Turning Out?

So, is it really possible to earn from play to earn games? And is it really lucrative as its advocates suggest? Well, let’s talk about numbers and stats, which of course do not lie. According to recent data, people flocking toward blockchain games are surely increasing manifold. According to DappRadar, a total of 1.2 million daily unique users have joined such games in March this year, games that promise real money. This is a 2000% increase when compared to last month’s data. So, the idea itself is quite lucrative and gamers around the world are buying it. Industry insiders and veterans are of the opinion that this is a natural evolutionary phenomenon. Everything changes and transforms with time, and video games are no exception to it.

\"GameFi\"
GameFi

The Idea Behind Play to Earn Games

The idea is simple, what if we can trade the in-game items for real money? In-game items, and digital assets like avatars, weapons, in-game currency, attires, skills, etc. after achieving levels and grinding for hours could hold value, real-world value. Players playing games like PUBG often sell their accounts to other players only if the account has accolades and avatars that are valuable. So, the idea was already in play. Now, when you make this mechanism official, the game transforms into play to earn game.

So, Does Play to Earn Games Deliver what it Promises?

The question comes to everyone’s mind, are they really lucrative as they sound? Some of the play to earn games require money up front in the shape of tokens which players need to buy to even begin playing. These tokens require a solid investment. The critics of play-to-earn games have criticized the practice and termed them something like a Ponzi scheme. The investment of new gamers is used to clear out the investment of early entrants and the cycle goes on. And in some cases, a rug pull happens. 

There is also a risk of hacking when earlier this year one of the most popular play to earn games Axie Infinity lost virtually millions of dollars when the Ronin network was compromised. Moreover, there is also a risk of high volatility in crypto and tokens. So, combining all of it, can you still earn from P2E games? Is it worth it?

Play to Earn Industry is in Nascent Stage

The deluge of constant criticism towards play to earn industry is a bit unfair as it is still in a nascent stage. The developers and companies behind the play to earn games are learning from their mistakes and making amendments along the way. The advocates still believe that this is the future of gaming. Besides, the investors too have shown belief in it and poured a whopping $2.5 billion in the first quarter of 2022 alone. Why? Because people love to play games and it is the gaming platform that is the most suitable to introduce Web 3.0 to people all over the world.

What is at Gamer’s End?

Players need to carry out thorough research before investing their time and money in a play to earn the game. This is where playtoearngames.com comes into play where you can find the upcoming, old, and new crypto games with all the necessary information you need. Apart from the research, players also need to understand and learn how to, when to, and what to invest. Players need not take loans, or sell their valuables and go all in on play to earn games. Just make sure that the fundamentals of a crypto game are solid. Check out if the developers are giving native cryptocurrencies in the shape of rewards. This is one of the ways play to earn games are operating where developers use their own cryptocurrencies and tokens. The second approach is the use of existing cryptocurrencies like Cardano, Dogecoin, Ethereum, etc. And last but not least is the game’s NFTs which hold their own value. 

Check out our previous blog on the list of most promising play to earn games and if you are a newbie then check out this article.

Blockchain Games That Become Popular in 2022 and onwards

The blockchain has revolutionized the gaming industry, as it has proven to us that there is a viable way of earning through playing video games. However, these play to earn games have a small catch, they need to be popular enough in order to provide gamers with a stronger income. The more popular the play-to-earn game is, the more money players stand a chance to make.

Gamers are rewarded and often quite handsomely for their time and skill. Though there are many different P2E blockchain games out there. But only a few of them are able to deliver the quality that users are now accustomed to. Today we have compiled 5 games that have a robust community already and will only grow in the future.

Getting in on these games early will help blockchain gamers make a decent profit in the long run. Just like any new technological advancement, the early birds get the best worms.

My DeFi Pet

\"Defi

Our first pick also has to be the most unique type of P2E blockchain game out there, and it’s called my DeFi pet. The game revolves around breeding, collecting, trading, and battling pets. It offers players instant incentives based on the idea of seasons to encourage them to use the platform regularly. Pet NFTs, which spawn once every hour, is the game\’s main focus. They are yours in a variety of ways. The first is by using DPET, the game\’s native token. 24 hours are allotted for the bidding. The pet is sent to the Altar for future use if no one claims them.

Breeding is a crucial component of the game. The children of a DeFi pet will have a distinct set of traits from each parent and the child pet will be owned by the player who owns the mother in this process. Moreover, you can always level up your DeFi pet by using DPET tokens.

Decentraland

\"Decentraland\"
Decentraland

No list can be complete without having this metaverse-based game, where everything you own is represented as an NFT. The games market is self-sufficient and is powered by the MANA Token. You own a virtual character in this game that has its own unique look, traits, and upgrades. There are 90,601 unique plots of LAND (every 100 square meters in size and a different NFT) that make up the whole Decentraland metaverse.


These lands once owned, can be completely developed according to the players\’ wishes. Here players can use these lands to create experiences, rent, and even develop and sell to the highest bidder. Those who hold on to their MANA tokens can vote on future upgrades for the game, making it an autonomous organization.

Alien Worlds

\"Alien

Alien Worlds is one of the most popular blockchain games in the market and will only continue to do so as the developers are aiming to add new features. These features may include wars to determine who rules the planets and forms governments.


The current gameplay revolves around players mining the in-game TLM token, by discovering new planets through cooperation. Players also compete for territory and resources and get access to in-game goods in the form of NFTs.

Splinterlands

\"Splinterlands\"

Splinterlands has remained at the top of DappRadar\’s list of the greatest blockchain games ever since its introduction in 2021. Playing the turn-based card game Splinterlands is quick and simple to pick up. Each card is an NFT with traits for power and rarity that determine its worth.


In contrast to other card games, Splinterlands\’ conflicts are short-lived, occasionally overextended conflicts. Even beginners can easily understand the rules because they are quite simple.


Splinterlands receives updates and features more frequently than other games, which draws in an increasing number of new players. As an example, recent updates added new rare cards to the game. Although Splinterlands uses the Hive blockchain, tokens can also be traded on Wax and Ethereum thanks to cross-chain features.

Axie Infinity

\"Axie
Axie Infinity Play To Earn Game

Though the game lost popularity for a bit when it became susceptible to hacking. However, the Ronin blockchain has improved its security and the game is once again reaching the same heights it had throughout the past year. There have been over 500,000 new game accounts in the last two months alone.

The game itself revolves around collecting, breeding, and fighting Axies. Axies are small cute pokemon like creatures and they can be staked, bought, and sold in the market.

If you want to know some of the best blockchain games so far, check out our other blog on Best Play to Earn Games in 2022. But if everything is becoming too overwhelming for you, then check out our article for the newbies on What are Play to Earn Games.

Crypto Gaming Count For 59% Of All Investments In Video Gaming Sector

Crypto Gaming is still hot, was and will be!

It not only shows in a variety of researches and data, but every day I am talking to game developers that are working on new games. Sure, some will fail, but that has been the case all along in gaming all-over.

What is proof for me, is the current growth I am seeing with my own startup W3 Play. Since we have launched blockchaingames.com, findplaytoearngames.com (both are testphase) and PlayToEarnGames.com, our number of unique visitors have been staggering. Every day we see more people reading up on crypto games. Content is king!

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And we are still working on 50+ other domains for localization and niche offerings, and is our V2 is development where we give the power to the gaming community. Everything focused to talk, play and share stuff around Crypto Games. Community is emperor!

And so today’s article is about investments in Crypto Gaming.

Despite the severe crypto winter, there is still a sub-sector niche that is braving the storm all alone. Crypto downturn has had a severe impact on the general interest levels in the crypto world and digital ownership domain.

However, according to a recent report by Delphi Digital, one of the niches is unfazed and investors and venture capitalists continue to pour in money. It still remains the beacon of attention and has stood strong, the niche is crypto gaming.

According to the report, the interests of investors and venture capitalists haven’t faded but continue to grow despite the massive decrease in total worth.

The upward trend started in Q1 of 2021 and continued to grow till Q1 of 2022. A slight decrease is evident in Q2 of 2022, but it is fractional and still more than Q3 of 2021 in terms of deals value.

Moreover, the number of deals is at an all-time high reaching more than $1.6 billion in Q2 of 2022. Furthermore, the data shows the amount of investment the gaming sector enjoys.

\"Crypto

According to the data, in 2021, a whopping $3 billion worth of investment was received from the private market. However, a slight decrease in the first of 2022 takes it to $2.9 billion with $1.7 billion and $1.2 billion in Q1 and Q2 respectively. But the significant point here is that it accounts for 56% and 59% of the total investments in the gaming industry.

Besides the rising investments, Dapp Radar suggests that the gaming sector is and will remain an essential part and support for blockchain technology.

The gaming sector uses 50.51% of blockchain usage month over month. Moreover, the blockchain games account for 47,230 new unique active wallets every day along with $698 million worth of transactions.

Although the reports are promising, the decrease is also evident in the reports. The gaming sector suffers a decline of 6% in August when compared to July. But still, the figures are phenomenal in the age of crypto winter and represent a solid value for the industry.