In the realm of blockchain gaming, play-to-earn games are the new normal. NFT-based gaming ventures attract millions of gamers by using innovative technology and full ownership of NFT assets. Gamers may now earn real money in the form of cryptocurrency tokens by playing their favorite play-to-earn games.
This year has witnessed a major boom phase for play-to-earn games, which has created a plethora of new revenue streams for artists, gamers, and other creatives. We saw individuals from impoverished nations using these platforms to earn a livable monthly wage. In the Philippines, for example, Axie Infinity players earn an average of $300-$400 every month.
All of this leads to a burgeoning part of the bitcoin market, and it is critical to understand which projects have good foundations and are worth spending time playing and learning about.
If you’ve been exploring the NFT play to earn games space, you’ve almost certainly encountered Axie Infinity. It is now the most popular blockchain-based NFT game among other play-to-earn games, in which players earn real money in the form of crypto tokens by breeding Pokemon-type pets and competing against other players in PvP combat.
The NFT gaming industry exploded, with Axie Infinity setting monthly sales records. It even outsold top-tier NFT collectibles such as NBA Top Shot, averaging $30 million in sales every day for thirty consecutive days. The sales volume almost reached 300 million in the first 15 days of July. In less than a month, the average buy in the game increased from $280 to $480. As a consequence, the price of AXS, one of Axie Infinity’s two native tokens, went stratospheric in a short amount of time.
The remarkable thing about AXS is that it consistently proved us incorrect when we believed it was overpriced or another bubble set to burst. We began the year with 0.5 dollars and are now at 77 dollars. The demand for this NFT-based game surged to the point that it exceeded one billion dollars in sales in a matter of months as compared to other play to earn games.
So, what was the deciding factor for Axie Infinity?
The NFT play to earn games economy is already very difficult for the average individual to grasp, much alone a blockchain-based game. This is where Axie Infinity comes up with a superior solution for streamlining the onboarding process and lowering/eliminating access barriers. By using an Ethereum-connected sidechain called Ronin, the users’ gameplay and experience were permanently altered.
How can I get started with Axie Infinity?
Step 1: Purchase some ETH.
Step 2: Copy and paste it into your MetaMask account.
Step 3- Transfer ETH from your metamask to your Ronin wallet using your metamask. (Go ahead and make one here.)
Step 4- Locate the Axies you’re seeking (be sure to take into account rarity and varied classes) and assemble a powerful squad.
It’s worth noting here that each Axie will cost you between $300 and $400, totaling $1200 for Axie Infinity.
How can you profit from Axie Infinity?
Several strategies to exploit the play to earn games paradigm include the following:
- SLP farming and currency exchange
- Breeding Axies and reselling them at a profit
- SLP and AXS trading
Riding a real horse would be the best thing ever, but the majority of us lack the essential gear and opportunity to make this fantasy a reality. You can now! Though it will take place in a digital environment. You may now experience horse racing via the use of NFTs with Zed Run. You purchase NFTs representing the horse and then use them to compete in races. If you become proficient, you may even earn considerable earnings in the long run.
Since its inception in 2019, Zed Run has not only built one of the most sustainable NFT play to earn games, but also an extraordinary community of horse collectors that believe in the company’s long-term mission. Additionally, customers benefit from lower gas costs and a more enjoyable NFT minting experience while using the Polygon chain.
When we look at Zed Run’s performance history, it seems to be quite stable and promising. The average monthly sales have been steadily increasing over the last several months, and we are currently approaching $29 million in August. Even the market momentum has swung fully in favor of purchasers, who are actively amassing more high-quality horses. Visit https://thedadcade.com/whats-the-update-on-yield-guild-games/ to read about What’s the update on Yield Guild Games?
While Axie Infinity has shown tremendous promise for play-to-earn NFT games, the competition to become the industry leader did not stop there. Crypto Blades is one of the most well-known NFT play to earn games projects, having been created in 2014 by Riveted Games. Consider Adventure Quest Worlds. It’s a traditional role-playing game set in an open-world setting where players totally own their digital assets.
Crypto Blades players earn money by accumulating experience points or Skill Tokens. Earn tokens by engaging in a duel with another player and beating them. This also relies on the strength of the beaten adversary—the stronger the adversary, the greater the prize.
The SKILL token has progressively gained momentum over the past few weeks and is poised to make some significant changes in the near future. Two characteristics of Crypto Blades are their price rise and daily volume. After reaching an all-time high of $155, the price dropped to $55. It increased from $300,000 to $12 million in daily volume in less than two months.
X World Games is an NFT trading environment for collectors that includes a built-in play to earn games concept. The ecosystem is comprised of several mini-games that include distinct trade cards with varying stats and powers. Currently, the business has only released one game, Dream Card. Players may gather many adorable characters and resell them as NFTs for a profit.
While the X World world is still a long way from reality, user acceptance is accelerating, particularly among conventional gaming players. According to data, the gaming site attracted more than 150k members and almost doubled in volume during the previous ninety days. The volume of transactions has also increased significantly during the previous several months.
How can I register for the X World Games?
Step 1: Get and install the CHK extension.
Step 2 – Open a Binance account (cheaper fees)
Step 3: Purchase BNB/XWG in order to compete in the X World Games.
To begin playing, you must first enable the extension and connect the Dream Card interface. If you possess at least one NFT card, you may resume combat actions. If you do not already own any cards, you must first acquire them through the marketplace. Additionally, players may stake their trade cards in the game. This is accomplished by selecting “Expedition” and then the card to be staked. Reward tokens are distributed in the form of XWG tokens.