It is not a secret: crypto games are on the rise, and the new concept of Play-to-Earn (P2E) games are shaping the videogame industry.
You shouldn’t be surprised then if so many people, of any age and with different objectives in mind, entered this brave new world. Not only investors are investing in the game, but also players who just want to play it and have fun while earning some coins (or tokens in this case…).
Thanks to the help of our colleagues from Criptovaluta.it, a top-tier crypto-news site founded by Alessio Ippolito (CEO and Founder of Alessio Ippolito SRL), we decided to redact a list of the 3 best crypto games available today. It was also possible with the help of Gianluca Grossi, a leading figure among Italian crypto-experts, who made this list possible.
With that being said, let’s take a look at what a crypto game is, and why you should invest in it.
Crypto Game: a Definition
Also known as blockchain game or NFT game, a crypto game is a video game which runs on blockchain tech. Usually, the cryptography-based blockchain elements used in-game are cryptocurrency or non-fungible tokens (NFTs).
In a crypto game, players can use NFTs or cryptos to play, buy, sell or trade with other players in-game, while the game publisher gains profit from fees and other forms of monetization. Because of the way a crypto game is developed and consequently played, they are also called Play-to-Earn games, because they can give the players enough wealth to live-off from just playing the game.
While available since 2017, crypto games became popular only in 2021, with both top-tier publishers and common investors interested in exploring the full potential of this new gaming world.
Top 3 Crypto Games of 2022
- Axie Infinity
This is the most renowned crypto game nowadays, and for a reason. Born in December 2017, Axie Infinity is a Play-to-Earn game which became a sensation in 2021 thanks to its insane profits and is one of the main reasons behind the crypto game boom.
In Axie Infinity players can purchase NFTs called Axies, cute little monsters which resemble Pokémon, and just like the famous Japanese game, use them against each other in battles. Doing this will reward players with Smooth Love Potion (SLP) tokens, an ERC-20 token used as an in-game asset.
There are then 2 main modes to earn SLP through games:
- Adventure Mode (PvE): in this mode you should build a team of 3 Axies and battle against monsters randomly generated by the game
- Arena Mode (PvP): in this mode you will should build a team of 3 Axies battle against other players and their Axies team
Since the switch from Facebook to Meta at the end of 2021, many metaverses and crypto games have been gaining popularity and wealth thanks to the hype generated by this news. In this case, SLP token reached an astonishing 15,000% increase in value, but now it has almost returned to its original value so maybe it is the best time to open a position and (or) start playing the game.
- DeFi Kingdoms
DeFi Kingdoms (DFK) is a new concept of P2E games, which combine more aspects coming from both the crypto and gaming world.
From a gaming aspect, it resembles heavily old RPG video games, with characters called “heroes” (NFTs) able to perform “Jobs”, just like in the old Final Fantasy games. But here’s the kicker: those jobs are heavily influenced by the Decentralized Finance (DeFI) world, a branch of the crypto world. DeFi refers to a series of virtual infrastructures, processes and tech used to decentralize and democratize financial transactions, and became famous thanks to decentralized exchanges (DEX). In fact, DeFi Kingdoms not only allows the player to play the game, but it also has its own DEX, which attracts not only RPG fans, but serious investors.
To earn JEWEL, the DFK token, you can engage in:
- Quests: as in any RPG game, you can play with your NFT heroes and finish quests in order to gain JEWEL tokens as a reward
- Farming: all JEWEL gained through quest rewards or acquired in any other way can be farmed (meaning: staked) so that you’ll generate a passive income
- Providing liquidity: you can provide liquidity in many liquidity pool pairs which provides APY high as 400%
- Selling heroes (NFTs): to start playing the game you must use an Hero, so players can trade their heroes to earn JEWEL or use the gains to buy a new one
As of today DeFi Kingdoms is free to start playing, but you will have to pay gas fee every time you interact with the blockchain (as in any blockchain game) and, to play it properly, you will have to spend JEWEL to buy a Hero.
Pegaxy stands for Pegasus Galaxy, a crypto game world where Pegasus-like horses are shaped in a futuristic mythological style and are called Pega. The native token of Pegaxy is called Vigorus (VIS) and can be earned in a variety of ways, not just racing your Pegas.
You can earn VIS through 3 systems:
- Racing: you can race your Pega in a 11 PVP style race and earn VIS by winning a top position. A Pega can race 25 times a day.
- Breeding: you can gain fees from breeding your Pega with other horses or sell the newborn Pegas to gain VIS
- Renting: you can rent your Pega to earn a percentage of VIS from its win rate, or rent yourself a Pega from a player and share your win profits
While the in-game token is called VIX, if you are purely an investor, you should also take a look at Pegaxy Stone (PGX), the governance token of Pegaxy.
According to our experts, and many other top tier analysts, P2E games are the future of gaming. As of today, this market is worth over $198,40 billion and it is expected to reach over $339,95 billion by 2027.
While gaming itself is already one of the most popular hobbies for every age (not only youngsters), it goes without saying that the chance of earning crypto while doing your favorite hobby can be only a natural evolution of the future of the players.
We should keep in mind while pioneering in the world, just like our Italian colleagues from Criptovaluta.it did, no matter if from a player point of view or from an investor point of view: the important thing is to be part of it.
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