Cryptocurrencies have been revolutionizing the markets and lifestyle of many people around the world, bringing a lot of new ways to make money and not only by investing, trading, or mining but by playing games and with an online casino. Learn all you need to know about play to earn and more.
The crypto space has brought about new opportunities for earning, transferring money, and job prospects for many, giving endless opportunities. One of the most interesting and one that has gained a lot of popularity in recent years is gaming.
What is Play-To-Earn?
The concept of play-to-earn games is simple, it gives the ability to players to receive recompenses that have a real value. For example, you can play a game and earn in-game coins that you can later swap for real money.
This is due to the fact that assets in play-to-earn games are NFT and cryptocurrencies, both held in a crypto environment. Different from regular games, where the items and coins you get are owned and stored by the company.
Most play-to-earn games are backed by a smart contract on a particular blockchain, which means you are the owner of the asset.
Best Play-To-Earn Games
There are a ton of P2E games around, and each day a new one pops up. But you need to be aware of scams around these spaces, that’s why going with the projects that have been around the longest is a nice option.
Crypto Kitties: This is probably one of the first play-to-earn games that ever existed and survived. It’s a collection game that lets you own a crypto cat, breed them and trade them.
Axie Infinity: The success of Axie Infinity came with a BANG, it’s a turn-based game that let you own different Axies with different attributes to duel opponents.
Decentraland: It’s like a simulation game where everything you get is owned by you, which means your outfits and accessories have value, you can get lands, have a house, and decorate it. It gained a lot of popularity and often hosts a ton of events with real-life artists.
The Sandbox: A virtual world where you’ll be able to build, and own, your adventures. Get a piece of land and build in this “land-as-NFT” game.
How Can I Play with Cryptocurrencies?
In order to play with cryptos, whether you head to play to earn games or crypto casino you first need a wallet with a cryptocurrency, most games are set up on different blockchains, that’s why you first need to find which game works in which blockchain and get that coin.
Keep in mind, if you already have one of the leading crypto coins, you can always swap it for other coins.
For example, let’s say you want to play a game on the Ethereum blockchain like Axie Infinity, in order to play, you should follow the steps:
- Set up an Ethereum wallet like Metamask
- Head to an exchange and buy ETH
- Convert your ETH to WETH
- In this case, you need to create a Ronin Wallet
- Create an Axie account
- Head to the marketplace and buy an Axie
- Install the game and enjoy!
The post Play to Earn: How Can I Play with Cryptocurrency? appeared first on Travel Experta - Travel, Lifestyle, Freedom.
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By: Angel
Title: Play to Earn: How Can I Play with Cryptocurrency?
Sourced From: travelexperta.com/play-to-earn-how-can-i-play-with-cryptocurrency/
Published Date: Thu, 10 Aug 2023 19:50:09 +0000
