Over time, the cryptocurrency ecosystem has discovered innovative and long-lasting methods to compensate its users for their activities. Blockchain gaming has made this reality simpler and more sustainable. Now, players can obtain rewards from the tokens they collect from playing these games.
According to Vitaliy Dubinin, users can buy and sell these collectibles on the market and also collect them for other purposes. In light of this trend, several gamers are making a fortune from participating in blockchain games. It would help if you got accustomed too.
In this article, we’ll help you understand the concept of blockchain gaming, how you can earn from it, its future, and other valuable information. Join us on this enlightening journey. Let’s go!
What Exactly are Blockchain Games?
Many refer to Blockchain games as crypto, play-to-earn, or NFT games. Others define them as video games that incorporate blockchain technology. These games achieve this through digital currency tokens or Non-Fungible Tokens (NFTs). Skins or selectable characters are usually NFTs, whereas in-game currency is mostly cryptocurrency.
Vitaliy Dubinin stated that Blockchain games give their players ownership and control over in-game items rather than keeping them inside the walls of the gaming ecosystem. Unlike traditional games, blockchain games allow players to sell NFTs and game currency earned through gameplay.
Current blockchain games have made it possible for players to see certain game resources as work, allowing them to view them as a source of income. This is complementary to the fact that players have some degree of ownership over specific in-game assets. By actively participating in the game, players can now increase the value of these assets.
How Do Players Earn From Blockchain Games?
Vitaliy Dubinin observed that players earn from blockchain games by selling cryptocurrency used as in-game currency. Some even move on to exchange the tokens they have gained from participating in the game for traditional currencies.
These tradings are often made possible through centralized exchanges, where users transfer and sell their cryptocurrency for their desired fiat currency. They then withdraw their funds from their bank account or digital wallet.
This autonomy enables players to cash out without limits and extract a portion of the profitable worth they have generated through gaming. In certain instances, cryptocurrency gains widespread acceptance, and real-life traders embrace it as a payment method.
Staking also serves as a way to earn from blockchain games. It involves gathering and locking up NFTs to make money. A few NFT games provide players complete freedom to include their NFTs or cryptocurrencies in smart contracts, which will ultimately pay off for them.
Common Blockchain Games
1. Axie Infinity
It’s safe to regard Axie Infinity as a dominant player and pioneer in the blockchain gaming world. This game helped other blockchain games gain popularity among crypto enthusiasts and the broader public. It’s an interactive card game that’s frequently compared to Pokemon.
Unlike Pokemon, players engage in combat utilizing groups of NFTs, called Axies, which are made up of three a piece. Cryptocurrencies are in-game money acquired through gameplay. Once Origin, the latest major game update, launches, Vitaliy Dubinin and other experts predict that gameplay depth and system of games will change. You can play Axie Infinity on PCs and smartphones.
2. Mobox
Built on the BNB Smart Chain, the browser game Mobox combines NFT as well as DeFi yield farming features. By accomplishing quests or other in-game tasks, players can acquire collectibles or NFTs. The game also features a variety of game types for participants to try out.
3. Splinterlands
Splinterlands is also one of the top blockchain games with the most active player bases. It is a digital collectible card game that features quick one-on-one combat. Players own their cards in Splinterlands, unlike other online card games. To compete against other players, you must amass collections of cards with varied statistics.
4. Upland
The virtual real estate trade game Upland is based on reality. As a result, users can purchase and exchange real estate from New York or Barcelona addresses.
It’s hardly unexpected that this blockchain game became so successful, given the burgeoning virtual real estate market and the rising interest among consumers in purchasing property in the metaverse. DappRadar reports that Upland had more than 150,000 active users last year.
5. Trickshot Blitz
The Joyride Web3 ecosystem, which aims to provide blockchain gaming to mobile gamers, includes Trickshot Blitz. Games from partner studios and internal developers are both available on this platform. Players can compete in competitions against other players in Trickshot Blitz, a traditional pool game. Nevertheless, players might gain RLY tokens in contrast to conventional pool games.
The Future of Blockchain Gaming
There are high hopes that the caliber of blockchain games will improve over time as more conventional game developers enter the market. This reality is also strengthened by native crypto creators becoming more adept at creating high-caliber games.
Similar to how mobile gaming evolved, the initial few titles released, which were of poorer quality, are now popular games like Fortnite, League of Legends, and PUBG, to mention a few. Users may only be aware that they are playing a blockchain game once the onboarding process is streamlined. Vitaliy Dubinin predicts that the future will see high-quality blockchain games that focus on being entertaining. Games will be known as games, and there won’t be a need for a specific label for blockchain games.
Closing Thoughts
There’s no disputing that building a decent and successful game is tremendously challenging. For blockchain game makers, there’s the additional problem of considering the dynamics created by NFTs and cryptocurrencies.
While blockchain games have yet to provide novel gaming experiences, it is vital to consider their incentive systems. These games have unique features, such as giving the player base ownership and authority over the space and the talent present.
According to Vitaliy Dubinin, even though blockchain games still have a long way to go before they achieve the popularity of games like World of Warcraft or Fortnite, recent developments have also eliminated the possibility of their presence. It’s now a question of when rather than if.
