Cryptocurrency is taking the world by storm, and it does not seem to be stopping anytime soon. Different sectors are now looking for ways to incorporate cryptocurrency and Decentralized Finance (DeFi) into their ecosystem, and the gaming industry is not left out.
The gaming industry is no longer what it used to be and has advanced in many ways. Hitherto, players pay to play, but the past few years have witnessed a coming together of gaming and finance, collectively known as GameFi, the hottest thing in cryptocurrency in 2022.
The cryptocurrency gaming company enables players to play games and earn Non-Fungible-Tokens (NFTs) alongside crypto tokens. A player can earn up to thousands of dollars by sitting at home and playing these games. This is made possible through in-game economics, built on blockchain technology.
These crypto games, also known as Play-to-earn games or NFT games are built on blockchain technology and are done in two ways. The full game is built on blockchain technology, or only the in-game economy is. Examples of these blockchains are Ethereum (ETH), Polygon (MATIC), and Smart Network. Most games are, however, built on the Ethereum blockchain, as the Ethereum blockchain paved the way for NFTs. For such games, you will need some Ether (ETH) to start; however, some play-to-earn games are free. These are known as free-to-play games.
In Play-to-earn games, players earn by battling opponents, acquiring properties and completing gaming tasks, and acquiring in-game assets. These in-game assets are Non-Fungible-Tokens (NFTs). Players earn by buying weapons to improve a character, selling and buying NFTs land parcels, fighting and defeating opponents, staking NFTs, and performing many more tasks.
With the popularity increasing daily, a series of NFT-driven games are being launched where participants can earn top coins just by playing these games.
These games range from action games to adventure games to 3D role-playing games (RPG). With this variety, you are sure to find a play-to-earn game you like. These games are fast on their way to disrupting the traditional gaming system. Players can convert their earned NFTs into their currencies on digital marketplaces, and when they do, it can amount to thousands of dollars which they can use as they please.
TOP PLAY TO EARN PROJECTS TO WATCH IN 2022
Crypto play-to-earn games are becoming popular and scaling in market cap, thereby raking in millions for investors. Play-to-earn games are here to stay; because of this, more play-to-earn projects are being launched. Some play-to-earn projects are being developed in 2022 and will soon be the talk of the crypto world.
One of the top five play-to-earn projects in 2022, which may turn out to be the next big gaming metaverse, is MetaBlaze . Currently in the final presale round for its MBLZ token, the company has raised over $3.2M, boasting over 2,000 holders. This P2E gaming Metaverse gaming platform follows a narrative deep in the depths of Galaxia Blue. Where participants can play to earn Bitcoin (BTC), Ethereum (ETH), Binance (BNB), Solana (SOL), and more. MetaBlaze is launching a series of NFT-based, strategy-driven P2E games leading up to the release of Magnum Opus: MetaBlaze’s 3D role-playing game built on Unreal engine 5. It’s Blaziverse dApp serves as the hub to its ever-increasingly expansive play to earn gaming metaverse.
Another play-to-earn project to note in 2022 is Genopets, a role-playing mobile (RPG) gaming project which utilizes the move-to-earn mechanic to blockchain and helps players stay in shape by exercising and rewarding them. The game is based on the Solana blockchain. Players receive crypto rewards in the form of NFTs as they participate in physical and in-game activities. To earn in Genopets, the player has to install a GPS app on their device, and as they move, they generate XP to develop their pets. These pets are NFTs that can be traded in the Genopets NFT store. Additionally, Genopets is a free-to-play game.
Dustland is an NFT-driven strategy game to watch out for in 2022 that also implements the move-to-earn mechanic to blockchain and is a part of the fitness metaverse that rewards players for running. The game is about the Dustland, which was left after a solar flare scorched the earth and consists of a ramshackle of pirates, ghost towns, and seven settlements. The players are to run for resources, find other survivors, discover the secrets of Dustlands and try to save the future. DOSE is the utility token of Dustland and the OliveX BVI gamified fitness ecosystem as a whole.
Another play-to-earn project you should keep an eye on in 2022 is Blast Royale, a decentralized gaming system that allows you to earn as you fight. Players fight against each other in a “last one standing” survival match. It is a kill-or-be-killed situation. In Blast Royale, players choose the part of the map they are deployed into with the pre-selected equipment. Players of Blast Royale must also have up to three different items equipped to play a match. Players can also find equipment such as ammo, health packs, armor, and other items on the map.
Blankos block party is another interesting play-to-earn project for 2022. It is another NFT-driven, vibrant open space multiplayer game fashioned like a massive block party. It focuses on custom art and design with a significant focus on having fun and inviting your friends to a party game to enjoy. The NFT obtained in the game can be traded in their NFT marketplace, and currently, the game has garnered up to one million players.
GameFi is still in its early stages and has just started to bloom because of its many potentials. There are many P2E games and more launched by the day, and you will find one you like. These games are developed using blockchain technology, which means players have absolute ownership over their digital assets within the game.
Blockchain gaming is revolutionizing the traditional gaming industry, providing a means for players to earn through engagement and fully own all assets. GameFi is one of the fastest growing sectors within the crypto space, and you do not have to be a gamer to hold the crypto gaming coin. GameFi is fostering vast new earning opportunities for cryptocurrency investors, where the non-gamers seek to benefit from the tremendous growth of play-to-earn crypto ecosystems.
GameFi (Gaming Finance) is one of the trends in the cryptocurrency world right now, and because players can earn real money by just playing games, it is increasing in popularity. It can be surprising to know you can earn up to a thousand dollars regularly just by playing games, but technology is fast improving, and it is possible; therefore, you cannot afford to be left behind.
The market cap of P2E games is increasing yearly, and these play-to-earn projects are what the crypto world should watch out for in 2022 and beyond.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.