Play-to-Earn Games to Watch in 2022

Play-to-Earn Games to Watch in 2022

When it comes to the trend we are seeing today, play-to-earn games show a captivating set of fun to try. In the new summer, blockchain technology keeps changing the entertainment world altogether. As we have the alpha and beta versions of these games within the new economy, we can believe there are still more coming. But then, we also need to summarize what the offer is like, especially for would-be NFT gamers. 

Focussing on July, what do these play to earn games have to offer to gamers? At times, you may not have to do the playing yourself. You can even invest and earn more returns. Whereas, in other cases, you may do the playing by yourself. Meanwhile, blockchain gaming has been nothing short of amazing this time as we have seen so many alpha and beta versions launched this year alone. And that is quite a positive impression. 

Moreover, the quality of these releases indicates that there is more to enjoy with play-to-earn games. In addition, we can already see the improvements in the graphics, professional interfaces, and skin design, and it’s not difficult to figure out. Moreover, we are beginning to see fascinating investing results in play-to-earn or blockchain games.

Without wasting time, let us begin to see some of these leading play-to-earn games for 2022. 

Life Beyond Open Alpha

One of the stunning NFT games to consider for this period is Life Beyond, which has launched an open alpha version. Fantastic prizes are available to anyone who dares to participate in clearing the Dolos you have in a hostile wildlife scenario. The reward points for players who win include raffle tickets into a prize pool of the $DOL token. This alpha version also has the PvE-only feature and allows players to run solo missions or team up in squads of twos and fours.

Suppose a player wishes to earn a raffle ticket. In that case, such a player must collect a minimum of 500 Reward points during each content pack. The division is such that a player can earn 10 points from a solo mission, 20 points from a duo expedition, and 50 points from a squad mission. At the same time, players with the apartment key or the Dolos passport NFT can access this game immediately. Meanwhile, the grand alpha opening of Life beyond to the general public was held on the 6th of July. 

Farsite’s new Alpha release

The next alpha release worth mentioning is the Farsite, which has already started. The alpha version for July has some significant additions for more pleasant player enjoyment. Now, players can fly out ships into space on a mission to search for useful and valuable resources such as asteroids and comets. When in flight and with the right skill, they can rake in these resources and optimize them for profits in the market. 

But for anyone who has tried out this game before, you would wonder if there are particular cases one can subject these resources to. To answer that question, the game will be relaunching an alpha update soon, which will have the construction of components feature, including full-size ships.

Play-to-Earn Games to Watch in 2022

Undead Blocks Tournament

The uniqueness of the Undead Blocks Tournament has a play-to-earn game where players play for survival within a zombie apocalypse context. Moreover, this game set is in an official tournament titled the Pistol Speedrun. It was held between July 8 and 10 and invited players with a Genesis or Apocalypse NFT already. The whole competition aims to measure the rate at which the player can kill zombies using only a pistol before they finally catch up with him. 

It measures the fastest player to kill 100 zombies with a pistol while targeting a prize pool of $20,000 worth of Undead blocks. This game also has other fantastic add-on benefits for participants, with a $1000 value for the top player. Meanwhile, the test run had started about four days before the actual tournament, which allowed interested players to practice well before D-day. 

Mytheria Open Beta

The alpha version of Mytheria had its unique features, but it is nothing compared with the Mytheria Open Beta version. This hosted NFT game is about duels among the gods while the winner earns a collectible card. It starts as a free-to-play game where players who make the game cards can now use them to build fanciful decks. 

Moreover, the play-to-earn gaming events throughout July will need the interested players to have at least 10 NFTs so s to access their rewards. But then, some of the cheapest cards are available for little below a dollar. While the player is moving game cards around, some measured statistics include the mana cost, attack, and health. The god card a player has is upgradeable to feature new abilities. 

Play-to-Earn Games to Watch in 2022

Colonize Mars’s New Economy

The Colonize Mars New Economy game is about colonizing the planet Mars and creating a new real economy from it. It is based on the theory of demand and supply for the limited resources in the game. These resources help build a new colony and research new and similar projects. 

The rest are simply the essential items for existence, such as water, food, and oxygen. The role of the players is to create new strategies and plans so that the staked NFT can become valuable in the end, other than just throwing them around haphazardly. Furthermore, the Colonize Mars mini-game allows the players to drive a range rover across the Martian landscape in search of valuable resources. 

Conclusion

At the end of this article, there are more options to look out for when trying out any of these play-to-earn games. Some other options include Gods Unchained offers daily earnings, and the R-Planet had to release their conquest game. Another one is the Sandbox starting with the mass migration upon the Polygon blockchain technology. Moreover, you can trust us to provide you with the best and latest information on play-to-earn games. 

More resources:
Is GameFi centralized?
Play to earn gaming are changing the economy
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Play-to-Earn Games and their Business Model

Play-to-Earn Games and their Business Model

The latest innovation in the gaming industry is the development of play-to-earn games, a platform for earning huge profits from game playing. This P2E model allows an open economy where the game players can make real-world value in the form of cryptocurrency. In an open economy, players are not just mere users; they are more like investors who can get returns as stakeholders in the business.

This new business model has a gaming technology for video games that have also evolved to support best play to earn games. Earlier games years ago focused more on arcades and machines in game centers. Gamers need to get some quarters with which they can compete with others. Years passed, and we entered the era of video games with different features to appeal to the younger generation. 

Related: Play-to-Earn Games to Watch in 2022

The next trend was the days of using smartphones that make it possible to play games on the go. People can now get busy with games even when in transit or taking a short moment for themselves. Similarly, we continue to crave a more profound experience on a personal computer or setting up a home console. Keep going, and you can arrive at the present model. 

Play-to-Earn Games and their Business Model

The foundation is the Free-to-Play model

Every game has one form of purchase or the other where the player needs to acquire a premium game. The method is first by getting a license from a digital store online or buying the game from a local physical store. Meanwhile, the financial commitment is at the discretion of the game developer. It depends on the time of the release of the game. At times, it may also depend on the developing company’s stature and the industry’s size.

No doubt, the free-to-play gaming model has come with many benefits that allow the game player the platform for the financial commitment. On the one hand, there are free-to-play or freemium versions of the games that anyone can freely download. They also give the players a limited avenue for such experience. And if they want to increase the pace of the progress or use special features, they may have to pay for the premium game versions. 

Players may sometimes have to subscribe to unique game features such as characters and cosmetics. However, many play to earn games still have free features available to new players. When it comes to cosmetics such as game skins and themes, players can use them to customize their gaming environment. The biggest and most popular games in this category are the League of Legends and Hearthstone, which are freely available.

However, it doesn’t remove the developer’s initiative to be creative with the content and cosmetics. Some of these games have also raked in several billions of dollars and keep increasing in value. As a result, this gaming model has evolved dramatically, and the remaining part is adding monetization to it. 

Play-to-Earn Games and their Business Model

What about the Play-to-Earn Gaming Model?

The play-to-earn games provide players with stakes of game ownership in the form of different assets. Moreover, they can increase the value of the in-game assets by engaging with the game consistently. The play-to-earn games also have some key components that are unique to them. Game playing has a growing momentum that allows the players to build a robust economy.

As a result, the players and the developers can gain much more than the initial investment. Some of the rewards of participating in the game involve completing regular tasks, winning battles, and combats. Some of the winning strategies may imbibe some free-to-play game features. In comparison, play-to-earn counterpart games offer players the opportunity to earn money and other valuable digital assets. 

The winnable digital assets range from cryptocurrencies to other tokenized resources. Moreover, the play-to-earn games model has been synchronized with the crypto world for the best results. Every player’s effort and time in this gaming model is rewarded with these cryptocurrencies. For example, if you choose to play the Axie Infinity, you can earn the Small Love Potions (SLPs).

These peculiar tokens are required to breed Axies, make them more robust, and get more in-game value. In addition, they can also sell these tokens to other intending players who have just been introduced to this game place. Other examples of such games based on the P2E models are League of Kingdoms, and Sorare, a fantasy football game. 

Play-to-Earn Games and their Business Model

Invest and Get more value

Enjoying the play-to-earn games depends on the players’ participation and the ability to increase the value of the game. At a glance, one would expect that many of the games on this model should also be free to play. But, that is not always the case. For instance, to begin to play Axie Infinity, a new player must first buy three Axies before they can start to contest in the Lunacia. By the way, the Lunacia is the virtual world of the Axie Infinity environment. 

As for the Sorare fantasy football game, it requires the players also to invest some money to start the game. The first investment is buying the player cards and then participating in competitions. At the end of every week, the players can earn more cards from the weekly contests. On the other hand, playing the League of Kingdoms and Chainz Arena is entirely free. But idle gameplay mechanics and other limitations may force gamers to consider an investment. 

On the developer’s part, creating a new game costs some money and should be a profitable business. Developers can start a business model that has value and can grow. Suppose the game player needs to invest to acquire some in-game items. In that case, it can be seen as a mere investment with the expectation of valuable rewards. Gamers can start digital assets that they can resell at any time. Like Sorare, playing cards are sellable; axies in Axie Infinity can also be sold. 

Conclusion 

In conclusion, all items that a player acquires from play-to-earn games have the potential to increase. These items have an exsiting value, but such value can also increase as the player completes more tasks and wins more battles. Consequently, all parties within the game are stakeholders and can continue to earn for the game’s growth. 

Is GameFi centralized?

Is GameFi centralized?

Because of the necessity to construct and design characters, write a tale and rules, and generally structure a game world, GameFi cannot escape some kind of centralization. Many play to earn games, on the other hand, are progressively seeking to include more player participation. Voting on potential character tales, new NFTs, or rules is one example. As a consequence, players who hold a larger number of tokens will have more voting power than others, which, although not democratic, helps to create a more decentralized gaming experience.

In the entertainment industry, the notion of giving other storylines is also highly common. Several television productions, for example, have successfully included play to earn games narratives with several endings into their shows, most notably Black Mirror’s Bandersnatch. While there may not be many options for GameFi users in the end, the active participation in deciding which story will be presented is sure to draw more people to the platforms.

GameFi applications employ decentralized autonomous groups to increase decentralization (DAOs). The use of DAOs to decentralize GameFi, on the other hand, is still considered an emerging technique.

Can a Self-Sustaining Economy be Supported by GameFi’s Online Universes?

Digital economies have a lot of potential to become self-sustaining and lucrative. This possibility may be explained in a variety of ways:

  • GameFi’s worth and user base continue to rise, resulting in more income. Axie Infinity, a popular NFT GameFi platform, became the first blockchain game to sell more over $1 billion in total tokens in August 2021, and it now has over 1 million daily players.
  • As gaming worlds mature, real revenue-generating assets become available. For example, a player may use cryptocurrency tokens to buy property in a virtual world and build a casino where other players can place bets. GameFi applications have also opened up an unlimited amount of development potential by using blockchains that enable DApps.
  • The addition of additional assets and functionality to these play to earn games necessitates the use of real people as characters inside the game. This may seem weird, but when we examine how many individuals interact with others more in play to earn games than in real life, we can see how it may be useful and expand in the future.

To achieve this goal, occupations such as metahuman doctors, smart contract lawyers, avatar fashion designers, and game travel agents (to name a few) will emerge, all of which will be filled by real people. GameFi has created a wealth of chances for designers (costume, universe, and NFT design, for example), software developers, and managers, in addition to occupations inside the game worlds.

Who is the brains behind GameFi

The team behind GameFi’s official yield guild is led by Hai Duong, a top-tier Vietnamese cyber security specialist. The “official” portal is positioned as a one-stop shop for all GameFi play to earn games and their criteria.

GameFi created an ecosystem where players may interact across play to earn games in order to optimize the advantages to its players and investors:

• Gaming aggregator: Stores users’ in-game assets and NFTs, as well as allowing them to rent, trade, and sell them across all play to earn games.

• A gaming accelerator with built-in tools and templates for building on the blockchain. Factory contracts for Non-Financial Transactions (NFTs) and Play2Earn techniques are also supported.

• Yield guild and scholarship: Allows users to earn passive income through staking, joining yield guilds, and successfully renting out their items to other players. Early access to newly released projects and play to earn games are also available.

• Early Game Offerings and Play to Earn Games Launchpad: Provides a platform for first game offerings (IGOs).

• Multi-chain NFT marketplace and NFT auction house: This GameFi platform, like ECOMI, allows users to buy and sell NFTs.

• GAFI token: The ecosystem’s native token (GAFI) was developed on September 10, 2021, with the purpose of raising the platform’s value and exposure. It will be used for a number of things at GameFi, including fees, governance, staking, and liquidity assistance.

Is GameFi centralized?

GameFi’s Beginnings

World of Warcraft, SIMS, and FIFA all include the purchase of in-game tokens, while CryptoKitties used blockchain technology in 2017 to create a GameFi-like idea. However, Andre Cronje, the developer of Yearn.finance, popularized the term GameFi in 2020, and the cryptocurrency industry swiftly accepted it. The concept evolved from basic in-game tokens to full DeFi integration. GameFi is indicating that DeFi is capable of more than just labeling existing financial endeavors as crypto, demonstrating that it can be utilized in a number of industries, thanks to its quick development and popularity.

What Does the Future Hold for GameFi?

GameFi offers a way to benefit in the bitcoin market while also offering entertainment, which is a selling point in and of itself. Add in gaming’s addictive nature, as seen by studies on dopamine release while gaming, plus the sheer number of online users, and it’s clear that the industry will continue to grow. It also positions itself to benefit from other fast-growing businesses, such as DeFi and NFTs, by diversifying into them. NFTs are designed to be seen as visual collections in particular. As a result, if a player can incorporate a rare NFT into a game while simultaneously gaining recognition, profit, and acclaim, they are more likely to join.

Another feature that might signal future growth is the game’s eventual decentralization, which will allow anybody to influence how play to earn games are played, encouraging greater participation.

Finally, the prospect of future employment on GameFi is an exciting thought. Things like visiting a doctor through virtual reality have grown more practical as the world has gotten more insular and digital in recent years as a consequence of Covid. Other prospective applications include anything from legal advice to fashion shows. For example, Mark Zuckerberg has shown interest in a metaverse, or digital reality, that integrates similar ideas. This may also appeal to folks who suffer from anxiety, agoraphobia, or just prefer to do something from home.

There will undoubtedly be substantial movement and change inside GameFi. It is well-positioned to develop commercially due to its ability to diversify in reaction to market trends and deploy new DeFi and DAO projects.

Play to earn games are changing the economy

Play to earn gaming are changing the economy

NFTs, or Non-Fungible Tokens, are used to prove ownership of digital assets. An NFT gives the virtual object a one-of-a-kind, non-transferable certificate and uses the blockchain to verify ownership. And, as a result of the use of NFTs to sell millions of dollars worth of digital art, many developers have realized the potential for players to make money on their platform, particularly with play to earn gaming.

Now the question is whether or not this is a good thing. Is it now possible for someone to make a living by playing video play to earn gaming on the internet? Is this the start of mega-corporations taking advantage of the system and benefiting unlawfully from people?

We’ll take a look at how to play play to earn gaming to make money in the sections below.

Technology that is novel

Blockchain technology gave birth to the NFT idea. It is now possible to establish ownership of easily replicated files by associating a virtual object with a unique identifier. Consider the sale of CROSSROAD, a short looping film. Click here if you want to buy Axie Infinity.

Because it is an online file, it may be downloaded, copied, and distributed by nearly anybody. Due to the fact that it was sold as an NFT, the buyer may be able to prove that they are the only owner of the file. It’s the equivalent of owning the Mona Lisa and having a certificate of authenticity proving the legitimacy of your copy.

Consider the following scenario: After Leonardo Da Vinci’s death over 500 years ago, the Mona Lisa was declared public domain. As a result, if someone copies the image and prints it on a shirt, the original owner—the French Republic—is helpless to stop it. Furthermore, they are not paid for every sale.

The Louvre’s Mona Lisa, on the other hand, is considered priceless since the French government can guarantee for its legitimacy via its ancestry. The Mona Lisa shirt you bought outside the museum, on the other hand, is probably worth less than $10.

The same may be said about NFTs. Because it provides provenance for any digital item acquired, such as the CROSSROAD video, you can show that the asset is genuine—that is, anybody can trace the file’s origins all the way back to the author and verify who owns it.

How NFTs Grew in Popularity

As the pandemic ravaged jobs and businesses throughout the world, many people started looking for ways to make money online. One such way to make money is via Axie Infinity. Users may acquire, raise, breed, battle, and trade digital creatures in this game, which is similar to Pokémon.

The average monthly profits from this game are about $400. However, depending on the exchange rate between the game’s cryptocurrency and the US dollar, this might fluctuate. However, since it is an online game, no special skills are required, making it a viable source of money for many.

By June 2021, this game has gained popularity in the Philippines. This happened as a result of several players’ viral posts promoting their achievements, such as the purchase of a new house, as a result of playing the game. Several participants have also set up a “scholarship” program in which they loan their animals to those who can’t afford to invest in exchange for a share of the profits. Filipinos will make up the majority of Axie players by September 2021.

Play to earn games are changing the economy

How NFTs Benefit Players and Businesses

In most cases, you must purchase a copy of a video game before you may play it. NFT-based play to earn gaming, on the other hand, are usually free to download. You must, however, pay NFTs before you can begin playing. In Axie Infinity’s perspective, they are entities. In other play to earn gaming, it might be a hero, armor, or weapons to win points.

When you complete an achievement in most NFT play to earn gaming, you get not just experience and badges, but also a small amount of bitcoin that is used by the game author. You may then use them to buy more in-game items or sell them for real money.

Many play to earn gaming also allow you to buy and sell NFTs to and from other players. New players may get desired items in this way without having to grind for them—they are just swapping money for time. In addition, the developers are often paid a percentage of each in-game purchase.

Those who joined earlier may sell their NFTs and benefit as additional players get interested in the game and invest in the game’s NFTs. In addition, the game’s inventor receives money for each successful transaction.

Meanwhile, other players choose to grind their way into the game and then convert the bitcoin they earn into local money.

When a player transfers an in-game NFT between them, the business makes money. And they can only generate money and expand their in-game area if they maintain their interest in the game.

Play to earn games are changing the economy

The Supply and Demand Problem and Volatility

Cryptocurrencies, on the other hand, are known for their volatility, as history has proved. If you look at the history of Bitcoin’s price, you’ll see that it’s varied a lot—from a dollar in 2011 to $20,000 in 2017 and then down to $5,000 in 2020. It rose to $60,000 in April 2021 before dropping to $30,000 in May. As of September 2021, it is now priced at more than $50,000 a piece.

Random occurrences have a big influence on cryptocurrencies. For example, the value of the Shiba Inu (SHIB) cryptocurrency soared by 91 percent when Elon Musk shared a photo of his dog on Twitter.

This is also a concern with bitcoin, which is utilized to gain play to earn gaming in the majority of cases. Unpredictable events may easily cause their worth to shift dramatically since they are largely based on a single game or have a tiny user base.

As a consequence, if you spend one Bitcoin to buy a large virtual property and the exchange rate drops to $10,000 per Bitcoin overnight as a result of Tesla’s decision to cease taking it as payment for their automobiles, you would have lost $40,000 in one day.

Furthermore, a game’s cryptocurrency would only be valuable if there was a market for it. A game developer can only make money if their game has ongoing transactions. As a result, the developer will benefit as long as there is interest in playing and acquiring NFTs.