Today, we will examine the blockchain games that are rising in the middle of the bear market, that is, the play to earn games.
According to the report shared by blockchain-focused data and analysis company DappRadar, the real winner in the bear market process was Blockchain-based games. Blockchain-based games have grown by nearly 10% since the first quarter, while the number of active users has increased by 62%. So what are P2E games that are becoming increasingly popular and offer users opportunities to earn crypto money?
What is Play to Earn?
As the name suggests, P2E is the general name given to games in which players win prizes such as virtual money and crypto money as a result of their tasks. In this system, players both have fun and earn income by playing games as a hobby. Although the play to earn business model has existed for a long time, it has become more common with the increasing use of blockchain technology.
How P2E Games Work
Play to earn is a system that includes NFTs in games. In this system, players are rewarded according to the time spent in the game and the tasks they fulfill. Many play to earn games consist of in-game characters in the system or materials such as cards in the game. Materials like this card are also NFT based materials. Players can also earn income by earning these NFT rewards.
Why Have P2E Games Become Popular?
If we ask why play to earn games have become so popular or how P2E games managed to rise in the middle of the crypto winter, the answer to this question is actually quite simple. As I mentioned while explaining the definition of p2e at the beginning of the video, you both have fun and earn money in play to earn games, which attracts the attention of many audiences. There are even people who make a living from P2E games. In fact, there are many people who make a living in the Philippines and some South Asian countries by playing the game Axie Infinity, which you all must have heard once. In fact, the fact that many people in the country make a living by playing Axie Infinity has attracted the attention of the Ministry of Finance of the Philippines, and the Ministry of Finance has subject the earnings from Axie Infinity and similar play to earn games to income tax. Of course, we can show the Covid-19 pandemic as the starting step of the popularity of these play to earn games. In this process, when almost everyone in the world was locked in their homes and people were unemployed, play to earn games like cryptocurrencies managed to attract the attention of investors and users.
Now let’s take a look at the play to earn games that stand out with you. Let’s take a look at which games are more popular and how they are played.
Axie Infinity
Axie Infinity is a play to earn game inspired by Pokemon and where players can win awards with their contributions to the ecosystem. In Axie Infinity, players can fight for their pets, collect and upgrade in-game items, and build a land-based kingdom. The game also has a local token called AXS, and this token is distributed to players as a reward if they complete the tasks.
Sorare
Sorare is a blockchain-based play to earn game with the logic of Football Manager, which attracts the attention of football lovers. In this game, supported by the game giant Ubisoft, you form your 5-card team consisting of football players and earn XP points depending on the real-time performances of the footballers and you get rewards with the points you earn. Although the game does not have a token of its own, the game works with the leading altcoin Ethereum. When you sell NFT, every card you own in Sorare comes back to you in Ethereum.
DeFi Kingdoms
DeFi Kingdoms is an RPG genre game created through pixel art. This game decentralized exchange combines NFT marketplace and liquidity pool. The creators of DeFi Kingdoms aimed to create a synergy between gamers and decentralized finance by bringing the potential of blockchain technology to users in the form of games. In this game, users can participate in battles with their heroes, create new heroes by combining their existing characters with the genes of new characters, and by completing various missions, they can obtain the game’s local cryptocurrency JEWEL. Players can also buy and sell land on DeFi Kingdoms.
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