Play & Earn Crypto Games: Myths and Reality

in crypto •  3 years ago 

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Professional gamers

The previous years more and more professional gamers began to earn astronomical amounts by participating in esports tournaments and win prizes. But the gaming industy has evolved over the years and now it's not only esports players that are making money playing their favourite games.

The last months a new generation of pay to earn games allows anyone who owns a smartphone or laptop to earn cryptocurrency as a reward of playing and winning at games. With one condition: a laptop (or smartphone) and internet connection

We will explore the world of blockchain games and looking at whether it's easy to win Bitcoins (or any other coins) by playing our favourite games.

The Gaming Ecosystem

It's widely accepted that it is everyone's dream to make money as a gamer. A lot of players who are interested in earning cryptocurrency can play some of the hundreds games in their devices that support the possibility of gaining rewards in cryptocurrency or from the sale of NFT's in game. Many games have chosen to pay their players in cryptocurrency for their in-game achievements. Some of these games have created their own coins (tokens) while others provide non-fungible tokens (Nft's).

Companies Begin to Invest

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Due to the rapid development of the gaming industry many companies have begun to invest in games that utilize the abilities of blockchain and use cruptocurrencies as rewards to players. InvestGame's report showed that in the first half of 2021, public offerings in gaming went up from USD 4.9bn in 2020 to USD 17.1bn in 2021. And as it seems we are in the beginning of the route.

The difficulties

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Although there are plenty of blockchain games, it is not as easy as it sounds to win crypto playing games. Most of the games provide benefits for players that invest in, such as epic skins, strong heroes or any other advantages that help the players achieve easier and quicklier the goals of the game. Consequently, the gamers who play games without depositing money (tokens) encounter many difficulties and they spend more time playing. In addition some games do not allow players to play if they dont buy the in-game tokens or NFT's.

Popular Games

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Resources:

https://cryptonews.com/exclusives/play-to-earn-gaming-is-booming-from-axies-to-lightnite-heres-whats-out-there.htm
https://en.wikipedia.org/wiki/Non-fungible_token
https://investgame.net/news/gaming-deals-activity-report-h1-2021/

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