Mary Amakihi 
How to Make Money by Playing Cryptocurrency Games
Many have heard that earning while playing crypto games is possible, but we do not know how to. This article will discuss how to make money by playing Cryptocurrency games.
Play-to-earn (P2E) crypto games are based on blockchains and let players win cryptocurrency, NFTs, and other digital items by progressing.
In return for digital currency, P2E gaming assets can be sold on both regular NFT marketplaces and gaming-specific NFT marketplaces.
P2E games also give creators a lot of ways to make money, such as in-game purchases, metaverse ads, trading fees, and royalty fees.
Crypto games are quickly becoming popular because they use blockchain technology to protect user data and keep them safe.
They also offer unique ways to make money.
Before we go any further, getting the basics of Crypto gaming is wise.
What is Crypto Gaming?
Players can earn cryptocurrencies or non-fungible tokens (NFTs) by playing and executing various in-game actions. These digital assets subsequently become the player’s property.
In crypto exchanges, they can trade these assets for other digital assets or fiat dollars. They can also change or sell these assets through internet marketplaces.
Given that players are already aware of the concept of tokenization, the function of cryptocurrencies in gaming appears natural.
In truth, virtual currencies have been used in traditional games for a long time, albeit in a minimal context.
The fundamental distinction is that In crypto games, players have full ownership over their in-game assets like XP, virtual currency, avatars, weapons, etc.
They can be exchanged for fiat currency or other cryptocurrencies like bitcoin or stablecoins.
In contrast, the creators of a classic game own all of the game’s assets. In addition, most of these items’ worth lies solely inside the context of the game itself.
How Crypto Gaming Works
Here is how Crypto gaming works;
Adrian Krion, founder and CEO of blockchain-based gaming platform Spielworks, says P2E games give players several ways to get or buy gaming tokens.
Krion says that people can make money with these tokens if they buy them early and then wait for many people to join the game after buying them.
Some crypto games make money by showing ads or selling things inside the game, like skins, guns, or even virtual lands.
The developers then pay players in crypto or NFTs for finishing quests, which makes them want to spend more time on the game.
Most of the time, these quests are easy jobs that require you to interact with the game, like killing a certain number of enemies or gathering a certain number of resources.
Crypto investors can risk their crypto on casino games and other games of chance on other crypto gaming sites.
BitStarz, 7bitcasino, and mBitcasino are the most well-known places to gamble with cryptocurrency.
How to Make Money by Playing Crypto Games
Earlier in this article, we touched on making money while engaging in crypto gaming.
Now, we will be going into details of how exactly you can make money by playing Cryptocurrency games. Here are a few ways;
- Earning In-game tokens or digital currency
- Professionally trading assets
- Colecting in-game NFT
Earning In-game Tokens or Digital Currency
Players can make money with P2E games by getting cryptocurrencies as they play. A lOftenay-to-win game has a coin or token you can get by doing things in the game.
These tokens can then be sold on cryptocurrency markets for real money.
Here are some examples to give you an idea of some P2E games and their in-game currencies: $MANA for Decentraland, Aavegotchi costs GHS, and The Sandbox costs SAND.
Professionally Trading Assets
The potential to exchange gaming Professional arbitrageurs and day traders can also earn from player-to-player (P2P) crypto games by using NFTs to buy in-game assets and then resale them for a profit on another platform.
Collecting In-game NFT
Another way to make money with P2E games is to collect NFTs and sell them on markets for real money.
In many P2E crypto games, there are markets where players can buy and sell in-game items.
How do P2E Games Make Money?
Since we now know how to make money by playing crypto games, let’s look at how P2E games make money.
- Metaverse adverstisement
- In-game purchases
- Asset trading fees
Metaverse Advertisement
The gameplay of most P2E games includes a metaverse, a fictional world that players can explore, interact with, and make in-game items.
Like billboards in the real world, ads can be put up in this interactive virtual world. This lets game makers make money from advertisers.
Since metaverse advertising is all digital, ads can be shown to particular groups of people.
Players can see different ads on the same “billboard” based on their interests, which could give a much higher return on investment than the real-world version.
This lets the people who make games charge more for advertising.
In-Game Purchases
One big way that play-to-earn games make money is through in-game sales.
Using cryptocurrency, players can buy characters, weapons, and other goods needed to improve their gaming experience and move through the game faster.
This works like the usual pay-to-play approach, but in P2E crypto games, the in-game items have real-world value.
People can buy land plots, in-game items, and other digital goods in the famous P2E game The Sandbox.
Playing The Sandbox for free is possible, but you might not make much progress if you do. Most of the time, players buy things to keep going forward.
Asset Trading Fees
P2E games let players trade things inside the game. Game developers can make money by charging small fees for each exchange and also for royalties.
Some of these fees can be used to thank miners for processing transactions and keeping the network safe. They may also keep bad people from trying to trade NFTs to change the prices of assets.
Best Play-to-Earn Games
Play-to-earn (P2E) crypto games are fun and can make you money. In traditional video games, getting in-game items and finishing quests would be your most significant accomplishments.
But with play-to-earn gaming, you can make real money from your gaming in the crypto space. Some of the P2E games include;
- The Sandbox
- Decentraland
- Splinterlands
The Sandbox
The Sandbox is one of the best crypto games to make money that lets you be creative and earn money simultaneously. Players of this multiplayer metaverse game can make money by playing NFT games.
2011 Pixowl made the Sandbox to get people interested in blockchain technology through virtual games.
But this blockchain-based game is now a thriving digital economy where players can make digital online games and voxel assets and sell them for money.
Gameplay
The imagination of the people who play this multiverse gaming NFT project is what makes it fun.
You can make virtual worlds in the Sandbox, complete with characters, buildings, art, events, resources, and the way people interact with each other in the world.
This means that there are an infinite number of games in the game.
To play, Sandbox owners must first connect their game to a specific piece of land in the Sandbox.
In The Sandbox, a piece of land is 1×1, or 96×96 in-game meters, where a meter equals 32x32x32 3D pixels. It’s also unnecessary to own land to make a game; you can just rent it.
Earning Potential
You can make money in The Sandbox by being creative. You can first make NFTs and sell them on the market to get cash in the game. The money you get will be in SAND, the currency used in the game.
Are NFTs on the market worth anywhere from $0.97 to $4,826? This means that you can set the price of your NFTs anywhere in this range and still find a buyer.
You can also make money in The Sandbox by buying land you can rent or sell to other players for a profit. The game has no set prices for renting or selling land.
On The Sandbox, though, the most ETH a 1×1 plot has ever sold for is 100. The Yacht’s King Domain owned the land, which was sold for about $279,282.
Decentraland
One of the most well-known virtual worlds for games is Decentraland. MANA is the game’s coin.
This play-to-earn game, made by Ariel Meilich and Esteban Ordano, is a virtual place to get digital goods. With Decentraland, players can build and sell realistic virtual neighborhoods.
Gameplay
The gameplay in Decentraland is based on the fact that there are 90,601 separate plots of land available.
You can make beautiful scenery, houses, art, and just about any other NFT that your gaming mind can think of on these lands.
Gamers in Decentraland can use these digital assets to make contests, social events, and events that can earn them money if other players join.
The builder tool and the Decentraland store are also part of Decentraland. They make the game more real. You can use the building tool to make NFTs, which you can then sell in the market to get Mana.
Earning Potential
Buying land and selling it for more than you paid is the best way to make money on Decentraland.
It can cost around $3,000 to buy a piece of land in the game. You can sell your land for as much as you want if you buy it in a good spot.
The most expensive piece of land sold in Decentraland for a record $2.43 million, twice the old record of $913,000.
You can also make good money on Decentraland by selling NFTs.
NFTs can be bought and sold anywhere from less than a dollar to more than $266,000.
This range is extensive enough to let you set prices in different ways and still make money.
Splinterlands
Splinterlands is a great trading card game where you play against other players. To play this game, people can buy, trade, or collect cards called “Splinters,” which they use to play against other people.
This NFT game was made by co-founders Jesse Reich and Matthew Rosen in 2018 and has had many fans since then.
Gameplay
Splinterlands appeals to card game fans because the entire game revolves around cards. The summoner’s card and its related monster’s card are the two sorts of cards in the game.
A player can hold both, but only one can be used simultaneously. When a summoner’s card is used, the player holding the appropriate monster’s card is summoned to fight.
Every card comes from one of the game’s seven Splinters locales. You can also obtain these card packs by engaging in daily missions and battle mode, which will allow you to compete with more animals.
Aside from receiving card packs, winning these tournaments raises a player’s skill level, allowing them to earn more Dark Energy Crystals (DEC) from the game. Splinterlands’ in-game digital currency is Dark Energy.
Earning Potential
Splinterlands provides two options for generating money. The first is to gain DEC by winning as many tournaments and battles as possible. The other option is to sell NFTs on Splinterlands’ market.
The first approach has the disadvantage of being sluggish and producing little profit. However, selling NFTs can be pretty profitable.
Cards can be worth as little as $19 or as much as $17,800 depending on their rarity, magic, health, and attack levels.
Final Thoughts
Play-to-earn (P2E) games are very popular in the crypto world because they let players get rewards just for playing and finishing missions or achieving goals.
Tokens and non-fungible tokens (NFTs) are the rewards you can get from different games. All of them have value in the real world and can be traded for other tokens or even sold for real money on platforms that are just for that purpose.