Why Play to Earn is a Revolution
The Future of Gaming
You can develop your own skills by playing video games, such as teamwork, problem-solving, and strategic planning. And there are few ways that enable you to earn while playing, like streaming on Twitch. But these “old” methods need a lot of effort. What if you can earn just by playing the games you like and having some fun?
That’s what we are going to talk about in this article. The revolution of gaming.
There is no doubt that there are several ways to earn money on Web3. Defi and NFTs are the top2 right now. You can make three, four, or even five digits $ just by playing the games you like. You may end up with a rare piece and sell it for hundreds of thousands of dollars or even millions.
What is Blockchain gaming?
Blockchain gaming is an earth-shattering innovation for gamers. Where you can earn by competing with other players, buying and selling items, or even just by exploring the game!
And of course, everything lies at the core of blockchain technology, like Ethereum and Solana.
My friend introduced me to the play-to-earn model and when I did my research, it blew my mind off. Here I will share my experience with you and introduce some of the games that I think can make you a lot of money while having some fun.
Axie Infinity
All of us noticed that their token (AXS) did ~ x53 in the last 2 months, which is not normal at all.
Axie Infinity is a Pokémon-inspired (digital pet) universe where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. Players can battle, collect, raise, and build a land-based kingdom for their digital pets.
While Axie is a fun game, it's also taken on characteristics of a social network and jobs platform due to the strong community and play to earn opportunities that have come from its early success.
Players can earn by:
Competing in PVP battles to win leaderboard prizes.
Breeding Axies and selling them on the marketplace.
Collecting and speculating on rare Axies such as Mystics and Origins.
Farming for the love potions that are needed to breed Axies. These can be sold on exchanges such as Uniswap and Binance.
Starting in 2021 players can earn a governance token, AXS, which represents a real slice of the game universe as it has governance rights and fee-sharing built into it. Since players can earn this token by playing, a Ready Player one-type quest emerges where players can actually earn part of the universe. However, these quests are not winner takes all and rewards each player based on their effort and skill.
Statistics
90,000+ ETH traded on their in-house marketplace.
The most expensive Axie ever sold for 300 ETH.
250,000+ daily active players.
Resources
If you have any questions,
Star Atlas
The Star Atlas metaverse in my opinion is the future of gaming, the future of reality.
Star Atlas is a next-gen gaming metaverse emerging from the confluence of state-of-the-art blockchain, real-time graphics, multiplayer video game, and decentralized financial technologies.
Real-time graphics technology using Unreal Engine 5’s Nanite allows for cinematic quality video game visuals. Blockchain technology using the Solana protocol established a largely serverless and secured gameplay experience. And non-fungible tokens obtained and traded within Star Atlas creates an economy that replicates the tangibility of real-world assets and ownership
If you own a $1M spaceship NFT for example, you can employ other people to protect it in space. Employing security, as the ships can be destroyed and if they’re destroyed the NFT gets burnt.
You can just expand into space and be rewarded for your effort, engage in combat with other players, or dock at the space station where you can explore your home.
Star Atlas launched their tokens $ATLAS (for the game) and $POLIS (for the DAO) on FTX and Raydium a couple of days ago, but the launch date of the full-functional game is Q3 - 2022.
The game is really huge and I can’t explain all of it, but I will leave some great resources to go through.
Resources
How Star Atlas Uses the Blockchain to Create a Unique Play-To-Earn Metaverse
The Solana-Powered Core of Star Atlas Goes Live: The Galactic Marketplace Becomes Fully Operational.
If you have any questions,
The Unstable Horses Yard
The unstable horses yard (TUHY) is a collection of 10,000 horses (NFTs).
TUHY owners will have an unlimited ability to regenerate further income, whether through their revolutionary breeding process, their 3D game, or through rewarding collectors with metaverse farmland.
They are going to launch the game GALLOP in less than a month, which is an Ethereum browser-based game, where you complete challenges, explore hidden rewards and race your Unstable Horse against thousands of others for on and off-chain rewards.
The NFTs minting ended, but you can still buy on OpenSea.
Alongside this, they will launch their ERC Token, for whichever farm owner gets tokens airdropped for free, and you can use the tokens inside the game.
By the way, check out my robot-horses!
Resources
You can find the roadmap, the game details, and anything you want on their website.
You can buy some horses (NFTs) on OpenSea.
The best place to ask questions or communicate with the team is their Discord server - They host an AMA (ask me anything) almost every day.
If you have any questions,
Illuvium
It is an open-world RPG adventure game built on the Ethereum Blockchain. A shattered land of beauty and wonder where you can journey across a vast and varied landscape on your quest to hunt and capture deity-like creatures called Illuvials. And discover the cause of the cataclysm that shattered the land.
Prior to the launch of the game, $ILV holders may choose to stake $ILV to access the liquidity mining program (a type of ‘yield farming’ that has become popular with DeFi protocols where the founding teams seek to decentralize the governance of the protocol).
Illuvium represents a new age in gaming. It has been engineered from the ground up to support the long-term sustainability of the Illuvium game and governance and provide players with a AAA-rated blockchain gaming experience.
What makes Illuvium unique is that stakers receive regular distributions and can vote on everything from tokenomics related issues to the features in the game itself. With Illuvium, the power to define the project into the future is purposefully left to those who stake in the protocol.
Their token $ILV can be bought on SushiSwap or 1Inch.
Say good bay to GAS, zero gas fees for peer-to-peer trading with instant transactions, all while you securely maintain custody of your assets. And that’s because Illuvium is built on top of IMMUTABLE X.
What is IMMUTABLE X?
It is the first Layer 2 scaling solution for NFTs on Ethereum. It allows thousands of transactions at once by using cryptographic proof. Therefore, you don’t have to pay GAS fees whenever you touch the blockchain, In fact, you don’t have to pay GAS fees at all!
Resources
$IMX token - The token will be used for paying transaction fees, and for their DAO.
If you have any questions,
The world of gaming is not going to stop here, and there are some amazing games I couldn’t cover in this article, but I will leave some great resources to explore.
Additional resources
Play to Earn website - The best place to keep track of news within the space.
Side notes
CoinGecko, which is the website I used to track the games’ tokens is using The Graph and has its own subgraph on the network.
Illuvium devs are deploying their own subgraph on The Graph network and they are going to utilize it soon.
That’s all for today!
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What a great article, lot of resources to go deep into this amazing world. Another one that you can research is https://godsunchained.com/ .. we are going to see in the near future $GODS hitting the market and will make a lot of noise ;-)
Play to earn gaming is really on the rise! Great article here one the development fundamentals, how NFTs are used in gaming and also some of the most popular play to earn games! Here's another useful resource I have read today that I think others will find useful :)
https://playtoearndiary.com/what-is-an-nft-game/
Thanks so much again,
MattyGamer.
P.s. comment your favorite P2E games!!