Crypto games: the best games to earn money

Crypto games: what is it?

Crypto games are games that run on the blockchain. To refer to crypto games, the term GameFi was coined, consisting of two words: Game (game) and Finance (finance). The symbiosis of these spheres forms blockchain projects that allow one way or another to monetize the gaming experience.

Crypto games use cryptocurrencies and other types of tokens to create the game economy and allow players to earn them for their actions in the game. It is called the Play-to-Earn concept. Players can sell their tokens on special platforms (marketplaces) or exchange them for other cryptocurrencies on exchanges. Thus, players can earn real income from their hobby.

The history of crypto games began in 2013, when the first bitcoin game, BitQuest, appeared. It was an MMORPG based on a Minecraft mod in which players could mine and spend bitcoins for various items and services. Cryptokitties game was released in 2017, becoming the first popular NFT game. In it, players could buy, sell and breed unique digital kittens stored on the Ethereum blockchain. Cryptokitties became so popular that they caused congestion on the Ethereum network and raised the price of gas so much that they posed a complex problem for Ethereum developers about the scalability of the network.

Axie Infinity was made in 2018 and has become one of the most successful crypto games to date. It allows players to collect, grow and battle cute creatures called Axies. Each Axie is a unique NFT that can be bought or sold on the market. Players can also earn in-game currency - SLP (Smooth Love Potion), which can be exchanged for other cryptocurrencies.

The direction of crypto games related to virtual worlds and the metaverse has become popular in 2020. One example of such a games is Sandbox, which allows players to create their own levels and characters using VoxEdit and Game Maker tools. Players can also buy and sell land (LAND), which are NFTs and entitle them to own part of the virtual world.

In 2022, the Internet space was blown up by the StepN project, which made it possible to earn in many ways in its application, and also gave additional motivation to thousands of people to go for daily walks and runs. The monetary threshold for entering StepN is relatively high, but farming tokens and their subsequent sale allow you to pay off and reach a "net" income gradually. Also, in the game, you can upgrade sneakers - the character's local analog- and sell them, thereby monetizing the time spent on leveling up. This concept was called Move-to-earn.

Crypto games are a new and promising game genre that is attracting more and more attention and investment. They open up new opportunities for earning, creativity and socialization in the digital space. Crypto games also contribute to developing blockchain technology and the cryptocurrency market.

How Crypto Games Work

Players can buy, sell, trade, and upgrade their NFTs, unique in-game items, characters, or lands. In addition, players can earn cryptocurrencies for participating in game activities such as betting, breeding, or fighting. Withdrawal crypto games allow players to withdraw their earned cryptocurrencies to their wallets and exchange them for real money.

There are many crypto games of different genres and styles. In each of them, the mechanics are slightly different, let's view its several representatives.

Illuvium is an Ethereum (ETH) blockchain-based RPG crypto game where players can earn ILV tokens, manage the game ecosystem, and collect unique NFT creatures called illuvials. Illuvials are fantasy beasts that inhabit the open world of Illuvium and can be captured and used in auto-battles against other players.

Decentraland is a virtual world where players can create, explore and interact with others. All land and content in Decentraland are NFTs owned by their respective owners. Players can buy, sell and rent their land and create various scenes and applications on it. The game uses two types of cryptocurrencies: MANA and LAND. MANA is a token that can be used to buy land and other resources in the game. LAND is a token that represents a piece of land in Decentraland.

StepN is a project that provides the opportunity to earn money in many ways using the application, and at the same time, motivates thousands of people to go for daily walks and runs. You need to invest some money to start earning, but you can gradually pay off by farming and selling tokens. In addition, in the game, you can improve your sneakers - the local analog of the character, and sell them, receiving income for the time spent on leveling up. However, some users may lose money in the process.

StepN sneakers

New Crypto Games 2023

The new crypto games of 2023 promise to be exciting and innovative. Here are some of the top crypto games worth keeping an eye on:

The Smurfs' Society is a Web3 hybrid collection of NFT games in which players who are part of the Smurf Society, led by Hacker Smurf, must help free the Smurfs after Gargamel stole their magic and turned them to stone. Players must also promote the values of the Smurfs to make the web (and the world) a better place.

Zeeverse is a Play2Earn Social Strategy-Looter game with rich PVE(player versus environment) and PVP(player-versus-player) modes combined with NFT merge mechanics. In Zeeverse, players collect, hatch, train, and fight ZEE. Each ZEE has a unique class and a collection of special attributes that define the appearance and combat characteristics of the ZEE. To play Zeeverse, unique ERC-721 ZEE tokens are required.

Splinterlands is an exciting blockchain card game where you can collect, trade and fight unique characters from different worlds. You can choose from six factions, each with its own characteristics and abilities. You can improve your cards by gaining experience and gold and participating in tournaments and leagues to win valuable prizes. Splinterlands is a game and a community of like-minded people who share their strategies, stories and creativity. Splinterlands is a game for everyone who loves fantasy, adventure and blockchain.

Sunflower Land is a Polygon blockchain game where players can farm, cut down trees, mine various resources in NFTs, and earn $SFL tokens. Players can build their own farming empire and trade collectibles. The Sunflower Land project is not unique, but it has a good team and serious plans for the future.

Ways to make money on crypto games

There are many ways to make money on crypto games in 2023, depending on the type and genre of the game. Some of the most common ways to make money on crypto games are:

Chart of the AXS (Axie Infinity) token, speculators could earn up to 200 x

• Farming (mining) of game currency and its sale on various exchanges. This method is suitable for games that have their own cryptocurrency that can be used to buy or sell in-game items or services. In Gods Unchained, you can earn cryptocurrency by participating in decentralized finance. You can deposit your crypto assets into special contracts that provide liquidity for exchange or loans. Thus, you receive interest from transactions or commissions. It's a way to increase your capital by playing Gods Unchained.
• Participation in tournaments. This method is suitable for games that have elements of competition or strategy and where players can compete with each other for a prize pool or ranking.
• Purchase and resale of gaming land and other NFT values. This method is suitable for games that have elements of creating or exploring a virtual world and where players can buy or sell plots of land or other NFT assets such as buildings, animals, or artifacts. For example, in The Sandbox game, players can buy, sell, and lease land in the virtual world using SAND tokens, which are the game's internal currency. Plots of land can be used to create and sell NFT objects such as buildings, items, and characters, allowing players to earn cryptocurrency.

The Most Expensive Land in Sandbox Was Purchased for $4.3M by Every Realm

• Staking (analogous to a deposit), which allows you to receive passive income from your characters. Staking is storing cryptocurrency on a particular wallet or platform, for which you are rewarded with additional coins. This contributes to the maintenance of the blockchain and the network's security. Some crypto games offer staking of their tokens or characters, which can increase their stats or generate income in game currency. In Alien Worlds, NFT cards are staked through R-planet. This allows you to earn income from unused cards in Alien Worlds. R-planet is a real-time strategy game where you can create and manage your armies. Alien Worlds is an NFT metaverse where you can mine, fight, and participate in planetary politics.
• Speculation on the cryptocurrency rate (buying at a low rate, selling at a high rate). This is the most common and risky way to make money on crypto games. Following their price changes, you can buy and sell game tokens on exchanges or in-game markets. To do this, you need to study analytics, news and trends in the field of crypto games, as well as be able to predict supply and demand for tokens.
• Purchasing and subsequent pumping of a character with the aim of reselling for a larger amount. This is a way to earn money for those who like to play and develop their characters. You can purchase a character in a crypto game for a small amount and then upgrade his skills, equipment, and rarity. After that, you can sell it at auction or to another player for a higher price. This method takes time, patience and strategy but can bring in a good income.

The Future of Crypto Games and Conclusions

Artificial intelligence and neural networks are new directions in the field of GameFi, which open up great opportunities for the development of the gaming industry. With the help of AI technology, you can create unique game worlds that adapt to the actions and preferences of the players. For example, in games, you can meet NPCs that have their intelligence and can react to various situations. This makes the gameplay more exciting and realistic, reducing the content development cost.

In addition, AI can also increase the security level in games by detecting and preventing cheating attempts by unscrupulous players. This is especially important in play-to-earn games, where players can earn cryptocurrency or NFT for their activity. To avoid cheating or fake accounts, AI can analyze user behavior patterns and detect anomalies.

In 2023, we will see many new crypto games that will offer a variety of genres and mechanics and use dynamic NFTs to create unique and valuable assets. Crypto games of 2023 will be available not only on computers but also on mobile devices, which will allow you to play anytime, anywhere.

However, just like in any other area related to cryptocurrencies, players need to be careful and be aware of the risks associated with investing in crypto games.

This information does not constitute individual investment advice and may not reflect your investment objectives, expectations and acceptable risks. ATAIX Eurasia is not responsible for possible losses in case of making transactions or investing in the financial instruments mentioned in this information and does not recommend using it as the only source when making an investment decision