Month: July 2022

Blockchain and play to earn games

On July 26, 2022

In recent years, blockchain play to earn games have risen in popularity in the bitcoin industry. Whether or whether they need an upfront investment, everyone may profit from a play-to-earn method. Over the previous month, the following five play to earn games have seen the most activity, with Binance Smart Chain confirming its top position in this market.

Prelax

Despite the fact that Prelax makes almost $3.5 billion each month, not everyone is familiar with the PvP fighting game. In Prelax, players take control of a number of champions in order to achieve their goals. Farming NFTs, fighting NFTs, fusing NFTs, and engaging in online Player vs. Player warfare are all things to look into. Learn more about blockchain and play to earn games.

PEAX is the game’s native currency, which may be obtained via farming and combat. Despite a near-56% drop in users, the monthly volume is still quite high.

Axie Infinity

Axie Infinity no longer need an introduction, as the game has long ago reached to the top of the play-to-earn gaming industry. Despite recent changes to the prizes available to players, it is still a very popular PvE and PvP game. Monthly users at Axie Infinity have increased by 32%, while monthly volume has increased by $2.05 billion. In general, the figures for the popular play to earn games are fairly amazing.

Thetan Arena describes itself as an esports game in which players establish teams and compete against one another. It’s free to download on Android, iOS, and PC. There are a variety of game modes to try, including MOBA and Battle Royale, as well as monthly updates.

Players earn NFTs in the game, which they may subsequently sell on the market. Thetan Coins are a free-to-earn native currency that may be obtained via special events, ranking prizes, missions, tournaments, guild arts, and the battle pass. The game’s monthly volume has risen to $2.01 billion, suggesting its tremendous appeal.

DeFi Kingdoms

The DeFi Kingdoms ecosystem includes a game, a decentralized exchange, a liquidity pool, and a utility-driven NFT market, all presented in fantasy pixel visuals. The game includes token swaps, liquidity pooling, gardens to unlock JEWEL tokens, and staking. Users will be able to buy heroes and land to preserve their gardens and expand their kingdoms in the near future. Structures and equipment will be delivered in early 2022.

Gamers will later be able to participate in a PvE and PvP battle system. With $934.5 million in monthly liquidity and a 148.16 percent increase in user base, DeFi Kingdoms is a blockchain game to keep an eye on.

ArmzLegends

On the Binance Smart Chain, ArmzLegends is another play-to-earn NFT game. Players must change into formidable Armz and combat legendary foes in order to earn PROT tokens. Tokens are used to either recruit new Armz or improve existing Armz. To mint an Armz, you must have both PROT and BNB.

Players may increase their chances of winning by buying Boosts or staking to increase their rewards. Armz’s rarity may be enhanced as well. The project generates $392.6 million in monthly income and has a player base of over 35,300.

How does NFT gain money through playing games?

NFTs are one-of-a-kind digital collectibles on the blockchain. This quality qualifies them for use in games to make money by trading characters and other items. As a consequence of the CryptoKitties mania in 2017, NFT play to earn games in the Philippines have expanded and begun to give play to earn game models. It mixes the worlds of gaming and finance, enabling players to generate money while they play, as the word “Game-Fi” suggests.

It’s not the same as having trinkets in your wallet when you play NFT games to make money. In an NFT game, NFTs will be employed in the mechanics and player interactions. For example, a game may use an NFT to represent your unique character, or digital products found while playing the game could be NFTs. You may then sell or trade your NFTs to other players for a profit. Furthermore, in the Philippines, a contemporary play-to-earn model allows you to profit from NFT play-to-earn games.

What are the different types of NFT play to earn games?

NFT play to earn games in the Philippines allow gamers to earn money as they play. Players are often awarded with tokens and, on rare instances, NFTs, with the latter earning more as they play longer and win battles. Users in low-income countries have found play-to-earn to be especially popular as a supplement to or substitute for lost income, which in the case of the pandemic resulted in some terrible financial times for these developing economies.

Axie Infinity has become one of the most popular play-to-earn games on the internet. Three Axies are required to begin the game, or you may obtain one for free from another player or gaming group. These gaming guilds lend the NFTs to players, enabling them to start playing right away without having to spend any money. The profit portion of the in-game token income is then allocated between the player and the guild. Crypto Gaming United is a guild that is using this method and has amassed a following of over 5,500 players worldwide.

In the Philippines, the Axie Infinity NFT game increased in popularity, and many players came to rely on the game’s play-to-earn idea. Depending on the market price and the quantity of effort needed, many players make between Php 10,000 and Php 50,000 each month, with others earning considerably more.

How does NFT make money through playing games?

The mechanics of an NFT game determine how much money you can earn while playing. Other users will pay you money for the NFTs or cryptocurrencies you earn in the game.

Should I start my gaming career by earning games via NFT?

NFT play to earn games have easily merged into the gaming industry in the Philippines. They’re both fun and lucrative, letting users to partake in some of their favorite gaming genres while also participating in the current NFT craze.

NFT play to earn games are a relatively new concept, and many people have rushed on the cryptocurrency bandwagon, mostly because to the appealing real-world rewards they bring.

According to DappRadar, approximately 1 million digital wallets were connected to decentralized gaming apps each day in October, representing for 55 percent of the blockchain industry’s overall activity. This suggests that in the Philippines, NFT play to earn games and blockchain gaming will act as a catalyst for broad bitcoin adoption.

Are play to earn games is revolutionizing the economy

By Lachlan Layh

On July 26, 2022

In Play to Earn Games

As a consequence of the launch of a new genre known as Play to Earn games, the gaming industry is experiencing its most dramatic upheaval in its history. Play to earn games, also known as NFT play to earn games in the Philippines, use blockchain technology to provide players a genuine feeling of ownership over in-game objects and collectibles. These things may usually be exchanged for cryptocurrency or cash with other players, making them a lucrative source of income.

What exactly is the difference between blockchain and non-volatile memory?

Simply, an NFT is a media file (such as a photograph, GIF, or video) that is connected with and unique to a single entity. Blockchains allow for the identification of these owners as well as the sale and exchange of assets between users. Developers of play to earn games produce a limited quantity of NFTs that symbolize in-game products that players may subsequently obtain in the Philippines and overseas. This scarcity raises demand for NFTs, which may cost more than a million dollars in certain situations. Learn more hw to pick the best play to earn games in 2022.

Playing games to earn money is a great way to get money.

It is not a new notion to generate income from video game play in order to make money. Players from a number of platforms gathered on unauthorized marketplaces for a long time to sell their in-game things. The issue with this method is that it has grown into a breach of various game regulations and is regularly inhabited by con artists.

The sales dynamic is considerably different with play to earn games. The trading of NFTs takes place on certain marketplaces. Smart contracts, which are intended to assure the authenticity and efficiency of transactions, are another blockchain invention. As a result, in the Philippines’ Play-to-Earn business, play-to-earn games are a safe and successful way to gain money.

Traditional gamers may also earn money by becoming streamers on popular video-sharing sites like YouTube or Twitch. They needed to be specialists at the game and have a large following on these platforms to make a livelihood. Play to earn games are popular in the Philippines because they are simple to learn and give a way for everyone to make money.

Axie Infinity, for example, has designed its own in-game tokens (called smooth love potion, or ‘SLP’) that may be acquired in conjunction with the buying of NFTs. This implies that users may do more than only buy and sell NFTs; they can also play the game and earn bitcoin straight to their wallets.

Players who can’t afford the NFTs may still earn by being chosen as a scholar in a play to earn games guild. One of the country’s biggest play-to-earn guilds is Crypto Gaming United (CGU). In return for a share of the in-game tokens gained, guilds like CGU give their’scholars’ with the NFT assets they need to start playing and earning right away.

Are play to earn games is revolutionizing the economy

Playing to earn is the future of gaming.

While play to earn games are still a young part of the gaming business, word of their success is quickly spreading across the industry. This is logical given the breadth of their services and the unique experience they provide. In-game assets are no longer tied to a certain game due to the nature of NFTs. This enables users to share their progress across several cooperative games in order to win rewards, thereby creating a shared world. Indeed, this is a first in the Philippines, and it piques interest in bitcoin, NFTs, and Play-to-Earn.

It’s important to realize that the “play to earn games” strategy isn’t new. Auction houses or marketplaces run by gold farmers employing fiat money may be found in a number of online role-playing games.

Cryptocurrency game assets, on the other hand, are held on a blockchain. This suggests that determining ownership and legality is simple. Furthermore, unlike conventional play-to-win games, the security of a blockchain network prevents the potential of assets being copied, hacked, or abused.

Perhaps most crucially, scarcity increases the value of in-game assets in blockchain play to earn games. When objects are linked to the blockchain, they become difficult to duplicate, lowering their value.

• A business concept that allows gamers to harvest or gather cryptocurrencies and non-fungible tokens (NFTs) for resale is known as the play-to-earn model. This strategy marks a paradigm shift in the gaming industry since consumers are financially paid for playing play to earn games.

• To make money in the play to earn games, users must either earn, swap, or stake NFTs or bitcoin in smart contracts. Play to earn games aren’t a new idea in gaming; they’ve been around for a long time in online role-playing games. The scarcity of in-game objects prevents them from being reproduced, and blockchain-based play to gain games are impervious to hacking and exploitation.

Liquidity is crucial in the bitcoin gaming industry.

Given how reliant the crypto gaming business is on the gaming sector, market liquidity must be controlled. Liquidity, in its most basic form, refers to the maximum quantity of assets that may be bought and sold in the game market at any particular moment. Liquidity is a powerful measure of the health of any marketplace since it is a substantial indicator of the health of a market.

The crypto gaming market may include both NFT and FT assets to boost liquidity. While FT assets may be expanded to have massive liquidity markets and therefore be used as utility/consumable assets in the game, NFT assets can be employed for their uniqueness, which often entails high-value but low-volume transactions.

In the future

I’ve always been interested in gaming, beginning with my early counter-strike map creation. I’ve always been a video gamer with a strong desire to work in the industry. I’m enthusiastic about the prospects that the crypto play to earn games gaming industry brings, and I’m particularly eager to work with new gaming businesses and entrepreneurs.

With increased investment, bitcoin gaming is on its way to becoming a self-contained industry. Several studios have jumped on the bitcoin game bandwagon in the hopes of profiting from the new trend.

Having said that, it’s only natural for crypto gaming to attempt to cash in on the online gaming industry’s expansion, since it clearly helps both gamers and creators. Cryptocurrency gaming enhances the whole game experience for players while also bringing new revenue sources for creators, from income potential to transaction ease, mobility, and greater levels of safety and security. Let’s have some fun together.