How To Start Earning Cryptocurrencies By Playing Games?
- Research P2E Games: Look for a play-to-earn game that fits your interests and has a solid earning reputation. This article features the best of the best choices, but you can also use game reviews and community forums for additional insights.
- Set Up a Crypto Wallet: Choose and set up a crypto wallet that is compatible with the game you've selected, ensuring it can manage the cryptocurrencies and assets involved.
- Get Starting Assets: Some games may require an initial purchase of in-game assets or tokens, so make sure to buy these from a cryptocurrency exchange if necessary.
- Download and Register: Download the game and follow the instructions to create an account or register to start playing.
- Start Playing: Engage with the game, complete tasks or challenges, and begin accumulating digital assets. Once you have enough, you can cash it out to your crypto wallet, trade it, sell it, or invest it into in-game items.
How to Maximize Earning Cryptocurrencies by Playing Games?
Make sure to focus on the game(s) that you want to invest your time and money on, rather than playing multiple games simultaneously. In addition, your selected games need to have a decent earning potential, in order for you to make a profit.
Once you've earned cryptocurrencies from a game, you can also re-invest them to buy upgrades or in-game assets, that can help you increase your earning potential even further. Lastly, make sure to watch out for the market value of your earned digital assets, so you can know when exactly to make a decision to sell them.
Do I need a Crypto Wallet To Play Pay-To-Earn Games?
Yes, having a crypto wallet is an essential requirement for playing play-to-earn games, since the wallet is used for receiving, storing, and managing cryptocurrencies or other digital assets that you can earn through engaging in gameplay. In addition, crypto wallets serve as your personal interface to the blockchain, enabling transactions and ensuring the security of your earnings.
Before starting with any P2E game, you'll typically need to set up a compatible wallet and possibly acquire a small amount of cryptocurrency for transaction fees, depending on the game's specific requirements. Make sure to choose a wallet that supports the crypto and other assets used in your chosen games, since each game will have different requirements.
What is The Highest Earning Crypto Game?
It's difficult to point out one particular crypto game as the highest earning one, due to various fluctuations in the crypto world. However, some of the crypto games that have always stood out as the highest earning ones include Axie Infinity and The Sandbox. The former game allows players to earn crypto through breeding, raising, and battling creatures called Axies, and it's greatly influenced by Pokemon.
This game has its own crypto coin called SLP, as well as a dedicated NFT marketplace, which allows a great earning potential. The latter game, The Sandbox, is essentially a 3D virtual world (Metaverse) where users can create and monetize their experience in multiple ways, such as building, owning, and being part of a complex ecosystem based on the Ethereum blockchain.
When it comes to earnings, Axie Infinity can bring from a few dollars to several hundred dollars per month, while The Sandbox can even bring thousands of dollars per month.
Which Game Gives Free Crypto?
There are several crypto games that give away free crypto to entice the players to engage in their ecosystems. Some of these games include Alien Worlds, where gamers can earn Trilium (TLM) by partaking in mining expeditions and fighting other explorers. Another good example is "Splinterlands", a digital trading card game that rewards players with Dark Energy Crystals (DEC) for completing various in-game tasks, as well as Coin Hunting World, a Pokemon GO!-like game where players have to explore their surroundings using the smartphone to collect Ethereum and Bitcoin.
Can I Lose Money Playing Crypto Games?
Playing crypto games carries a risk of financial loss, similar to other cryptocurrency-based activities. While these games offer the possibility of earning crypto or NFTs, players may initially need to purchase in-game assets or tokens to start or boost their gameplay, often using real money. Given the volatile nature of cryptocurrencies and the possibility of in-game values decreasing, there's a potential risk that the actual money spent could surpass any earnings from the game.
Moreover, market fluctuations and changes within the game's economy can further impact the value of in-game assets, potentially leading to financial losses. So in conclusion, while crypto gaming can be profitable, it's crucial for players to approach it with caution and awareness of the financial risks involved.
Pros and Cons of Crypto Games
Pros | Cons |
Financial Rewards: Earn real-world value in cryptocurrencies and NFTs. | Initial Investment: Often requires upfront costs to start playing or earning significant rewards. |
Ownership and Control: True ownership of in-game assets. | Market Volatility: Value of in-game assets and rewards can fluctuate wildly. |
Decentralization: Reduced single entity control, lesser unilateral changes. | Complexity for New Users: Learning curve for wallets, blockchain, NFTs, and exchanges. |
Innovative Gameplay: New mechanics and economic models via blockchain and NFTs. | Regulatory Uncertainty: Legal and tax implications are still developing. |
Access to a Global Market: Trade assets on global marketplaces. | Pay-to-Win Criticism: Potential unfair advantages due to the ability to purchase assets. |
Community Governance: Players can vote on game development decisions. | Sustainability Questions: Concerns over the economic model's long-term viability. |
Best Games to Earn Cryptocurrencies
Game | Blockchain | Offered Cryptocurrencies | Genre |
Thetan Arena | Binance Smart Chain | THG, THC | MOBA/Battle Royale |
Alien Worlds | Ethereum, WAX | TLM | Strategy/Exploration |
Splinterlands | Hive | SPS, DEC | Trading Card Game |
Forest Knight | Ethereum | KNIGHT | Strategy RPG |
My Neighbour Alice | Ethereum, Binance Smart Chain | ALICE | Sandbox MMORPG |
Decentraland | Ethereum | MANA, LAND | Virtual Reality/Exploration |
Galaxy Fight Club | Ethereum, Polygon | GCOIN | PvP Brawler |
DeFi Kingdoms | Harmony | JEWEL | RPG |
Phantom Galaxies | Ethereum, Polygon | ASTRAFER | Action RPG/Space Shooter |
Revv Racing | Ethereum, Polygon | REVV | Racing |
Gods Unchained | Ethereum | GODS | Trading Card Game |
Axie Infinity | Ethereum, Ronin | AXS, SLP | Strategy/Turn-Based |
The Sandbox | Ethereum | SAND, LAND | Sandbox |
Aavegotchi | Ethereum, Polygon | GHST | Tamagotchi-inspired DeFi |
Thetan Arena
Thetan Arena is a MOBA/Battle Royale game based on the Binance Smart Chain. Players can earn THG and THC tokens by playing various game modes. A key advantage is its free-to-play model, allowing players to start without initial investment, but the earning potential is significantly higher for those who purchase premium heroes.
It's accessible on both mobile and desktop platforms, which broadens its appeal. However, the pay-to-earn aspect might deter some players from seeking a more balanced competitive environment.
![Thetan Arena](https://freecash.com/blog/wp-content/uploads/2024/05/Thetan_Arena.jpg)
Alien Worlds
Alien Worlds is an NFT-based strategy/exploration game that runs on both the Ethereum and WAX blockchains. Players mine Trilium (TLM), the game's native cryptocurrency, and use NFTs to interact with the game. Its cross-chain functionality is a unique feature, bringing various perks. However, the gameplay can be somewhat repetitive, and the initial learning curve might be steep for newcomers.
![Alien Worlds](https://freecash.com/blog/wp-content/uploads/2024/05/Alien_Worlds.jpg)
Splinterlands
Splinterlands is a trading card game on the Hive blockchain where players can earn SPS and DEC tokens. It stands out for its quick battles, ease of entry, and vibrant community. The game supports cross-platform play, allowing access through web browsers on various devices. A potential drawback is the cost associated with getting competitive cards, making it challenging for free-to-play users to progress.
![Splinterlands](https://freecash.com/blog/wp-content/uploads/2024/05/Splinterlands-1.jpg)
Forest Knight
Forest Knight combines turn-based strategy RPG elements on the Ethereum blockchain. Players can own NFTs and earn the KNIGHT token through gameplay. Available on the Android mobile platform, it's accessible to a broad audience using various devices. However, the game's reliance on NFTs for progression might limit access for players not willing to invest in the ecosystem.
![Forest Knight](https://freecash.com/blog/wp-content/uploads/2024/05/Forest_Knight.jpg)
My Neighbour Alice
My Neighbour Alice is a sandbox MMORPG that allows players to own and develop virtual lands, interact, and participate in the game's economy using the ALICE token. Available on Ethereum and BSC, it broadens its accessibility. While it boasts a friendly and engaging environment with vast creative potential, the initial cost of land and assets may be a barrier for some.
![My Neighbor Alice](https://freecash.com/blog/wp-content/uploads/2024/05/My_Neighbor_alice.jpg)
Decentraland
Decentraland is a pioneer in the virtual reality blockchain space, enabling users to create, experience, and monetize content and applications on the Ethereum blockchain. Owning LAND or MANA tokens allows participation in the ecosystem. Its open-world concept is a massive draw but requires a significant time and potentially financial investment to enjoy fully.
![Decentraland](https://freecash.com/blog/wp-content/uploads/2024/05/Decentraland.jpg)
Galaxy Fight Club
Galaxy Fight Club is a cross-platform PvP brawler game for NFT holders, operating on Ethereum and Polygon. Its cross-NFT functionality allows for unique matchups, offering real value through GCOIN earnings. While it provides an innovative use of NFTs, the entry barrier due to the need for specific NFTs could deter new players.
![Galaxy Fight Club](https://freecash.com/blog/wp-content/uploads/2024/05/Galaxy_Fight_club.jpg)
DeFi Kingdoms
DeFi Kingdoms merges RPG elements with decentralized finance on the Harmony blockchain, using JEWEL as its currency. It's praised for its engaging gameplay and the seamless integration of DeFi components. However, the complexity of its DeFi aspects might overwhelm players unfamiliar with such systems.
![DeFi Kingdoms](https://freecash.com/blog/wp-content/uploads/2024/05/Defi_Kingdoms.jpg)
Phantom Galaxies
Phantom Galaxies is an action RPG and space shooter hybrid that utilizes blockchain for in-game assets. Operating on Ethereum and Polygon, it features an expansive storyline and transformable starfighters. Its potential cons could be the entry price for NFTs required for the best experience and a steep learning curve for newcomers to space simulators.
![Phantom Galaxies](https://freecash.com/blog/wp-content/uploads/2024/05/Phantom_Galaxies.jpg)
Revv Racing
Revv Racing brings blockchain to the racing genre, with assets and rewards on Ethereum and Polygon. It provides a novel play-to-earn concept in a familiar arcade racing format. While accessible in terms of gameplay, the pay-to-earn mechanics might require investment for competitive play.
![Revv Racing](https://freecash.com/blog/wp-content/uploads/2024/05/Revv_Racing.jpg)
Gods Unchained
Gods Unchained is a free-to-play TCG on Ethereum that emphasizes skill over pay-to-win mechanics, offering GODS tokens as rewards. Its strategic depth and fair play mechanism are significant pros. However, like many blockchain games, the secondary market for cards can mean a considerable investment is needed for top-tier competitive decks.
![Gods Unchained](https://freecash.com/blog/wp-content/uploads/2024/05/Gods_Unchained.jpg)
Axie Infinity
Axie Infinity is a prominent game in the play-to-earn scene, combining strategy with a turn-based system on the Ethereum and Ronin blockchains. Players breed, raise, and battle Axies, earning AXS and SLP tokens. Despite its success, the high entry cost for new players and recent concerns over its economy's sustainability are notable cons.
![Axie Infinity](https://freecash.com/blog/wp-content/uploads/2024/05/Axie_Infinity.jpg)
The Sandbox
The Sandbox is a user-generated content and gaming platform on Ethereum, leveraging SAND and LAND tokens for in-game transactions and ownership. Its vast creative potential and partnerships with major brands are appealing. However, the complexity and costs of creating high-quality content might limit participation from less tech-savvy players.
![The Sandbox](https://freecash.com/blog/wp-content/uploads/2024/05/The_Sandbox.jpg)
Aavegotchi
Aavegotchi is a DeFi-centric, tamagotchi-inspired game on Ethereum and Polygon, where players interact with ghost-like avatars represented by NFTs. It uniquely blends NFT collecting with yield farming but may require a learning curve for those unfamiliar with DeFi concepts and practices.
![Aavegotchi](https://freecash.com/blog/wp-content/uploads/2024/05/Aavegotchi.jpg)