Dec 10, 2021
Crypto Gaming : How to earn an income by playing games
Sometimes I become so engrossed in online games that I use my money to buy some assets in my favorite games so I could just equip myself to defeat a stranger on the internet. The crazy thing is, I have like five of these favorite games. And sometimes, I get bored of some games and abandon them.
My non-gamer friends would often criticize me for using my hard-earned money to buy just assets on games that I could just abandon anytime or might be removed from the server anytime.
Well, I guess they can’t understand since they are not gamer’s right?
Now imagine I can use the PKM that I purchased in Game of Duty to carry out mission in Grand Theft Auto game. What if I can also transfer the 2014 Ferrari Horizon FXX K that I bought in Foriza Horizon 4 to another car race game. What if I could trade my game ammunitions for real world currency so as to get my money back?
This is one of the many innovative transformations that the blockchain technology has brought to gaming. Remember that blockchain technology is majorly based around the idea of decentralization- that is the absence of a centralized control. Although crypto gaming is in its early age, there is no doubt that it would be the future of online gaming.
So let’s dive right in.
What is Crypto Gaming?
Crypto gaming is a form of online-gaming that is powered by the blockchain technology. It ensures that players have complete control of accounts and assets in the game. Players would be able to convert those assets to cash any time they please.
They are also disrupting the traditional gaming market by allowing gamers to earn while playing and in places like the Phillipines, people have turned gaming into their daily jobs! For example, Axie Infinity, a popular crypto gaming platform allows players to buy a character known as Axies, develop and take care of them and then sell at a higher price.
How do they work?
Traditional games monetize their games through affiliate marketing, and in-app purchases. All the money made and even the assets bought belong to the developer. If the game is removed from the server, or the player chooses not to play the game again, the assets bought are all gone.
The edge brought by crypto gaming is the removal of the centralized control in games. Every of the player now owns a part of the game and the rewards made from it. The crypto game is based of a blockchain, which is a distributed ledger that keeps records of all the transactions in the game.
Items bought in the game would be stored in the blockchain, and since the blockchain cannot be altered, the assets bought would still remain on the blockchain forever till . Assets can also be exchanged between gamers easily through the use of cryptocurrency.
Since all the crypto games are on the same blockchain technology like Ethereum, it would be so easy to transfer assets bought in a game and send it to another player in another game. You can also sell your assets for real money. To be honest, as a gamer, that is so awesome!
Popular Crypto Games
These are examples of crypto games that you can start playing
1. Axie Infinity
This a popular Play To Earn game that started in the Philippines. For a start, you would have to buy at least 3 game characters known as Axies. You can earn in this game by fighting with other players axis. You can also earn by completing daily tasks. And if you are not interested in playing, you can just buy Axies and breed them and sell them for a higher price.
2. Crypto Blades
Crypto blades are based on the Binance Smart Chain. Similarly to Axie Infinity, players would need to buy a character before you can participate in the game. You can earn by fighting off foes, raiding with friends and staking crypto in the game. There is also a market place for assets in the game and those assets can be resold.
3. Farmers World
In Farmer’s world, players raise and harvest crops. They can attack farms of other farmers and can harvest other famer’s crops. The game has a card membership system that enables players to buy more equipment and resources.
Other popular games include The Sandbox (SAND) and Decentraland (MANA).
With crypto gaming, players can now have more fun and achieve more while playing games. There is no doubt that there is more to games than just playing. Gamers can now build real world relationships, experience maximum pleasure and earn an income while doing it. Gaming might just be one of the biggest employing sector in the next few years. And with the advent of Metaverse, Web 3, and NFTs, I believe, crypto gaming would be a major game changer in the nearest future.
