We all know these great stories about someone who bought a cryptocurrency several years ago and who now claims to have enriched himself with them. The phenomenon is not new, but the strength it is acquiring in the world of iGaming is current and grows enormously. In this blog post, we explain what gaming options exist to trade with crypto and NFT, acquire real-world assets, and how they work. In addition, we will break down what it means to pick the right P2E title for users and what direct advantages it entails. Without further ado, let’s begin!
About Play-To-Earn Concept
There are many ways on how to earn cryptos. Mining is probably one of the simplest ones. In general, it is nothing more than filling every block of that blockchain with data. When a block is filled with movement data, the first one who achieves it with each of them, acquires cryptocurrencies.
However, as we have said earlier, there are other methods to earn with crypto, and this is where the online games allow it to arrive: be it video poker online crypto titles or play-to-earn games. Each video game creates its internal economy in which players buy and sell non-fungible tokens (NFTs) by completing in-game objectives. These prizes can be stored in virtual wallets or exchanged for other virtual assets or real-world currencies in various online markets.
That said, P2E games require a certain level of understanding, as well as talent. Therefore, you have to be very careful and choose the games with a lot of thought. On top of that, not all games are created equal and made with the same level of trust. Some game devs take things very seriously when it comes to creating their projects, while others limit themselves to creating not-so-perfect imitations of more well-known gaming choices. Here are some suggestions for choosing the right projects in terms of NFT gaming.
How to Choose the Most Appropriate Project
Below is a reminder of the most important criteria that should be considered by anyone who decided to select a P2E game for themselves:
Find Out Your Areas of Interest
Start by taking into account the area of your interests when looking for the ideal P2P game. There are some people who love strategy, arena or massively multiplayer games, while others are more interested in fighting modes.
Manage Your Investing Plan
The next step is to determine how much you are ready to spend on this game. Put in simpler terms, what financial strategy is viable for you? Most of the P2E games call for some amount of financial investment. Take Axie Infinity, for instance – it necessitates having a wallet and stashing in ETH valued around $600 to purchase three Axies that turn out to be Non-Fungible Tokens.
The initial buying of certain games is not mandatory to continue playing. Still, somewhere down the line, you will probably have to pay so as to have access to advanced features and objects within the game. God’s Unchained is a great representation of this type of free-to-play-to-earn games.
Read Reviews of Other Players
After deciding your financial goals, consider doing the following:
● Visit the official platforms of the distributors.
● Study their white papers and roadmaps.
● Find out about the people who drive the projects.
● Enter the titles of the games that are on your list.
● Listen to what other users have to say about them.
Give your attention to white papers, as they are important documents outlining the fundamentals of a project. Furthermore, they detail how cryptocurrencies can be earned, and which specifically can be earned at what rate and in what manner.
Check In-Game Features
Accessibility is another factor that should affect your decision on which P2E game to play. Some video titles are exclusive for PC, while others are designed exclusively to play on mobile platforms. Even though certain designers state that the title can be playable on both desktop and mobile devices, a version can be more cumbersome or offer fewer features.
Think About Converting Virtual Assets into Real Cash
And finally, despite the fact that many paid P2E titles are based on well-known crypto assets such as Ethereum and Bitcoin, the process of transferring the game prizes to real-world currency may not be as simple as you would expect.
What’s more, the process of selling NFTs could take some time, and the value of the game tokens could be subject to fluctuations.
Decide the Level of Difficulty of the Game
As it can’t be otherwise: there are some P2E titles that are more straightforward in terms of gameplay than others. With this in mind, you need to decide how easy a game you are interested in is. The great news is the majority of payment portals allow trying titles with zero cost, so you can decide whether a particular thing suits you or not. And if so, continue with reading a detailed guide on how that title in question works.
Hopefully, these simple tips will help you in deciding whether Play to Earn projects fits your goals. But remember that you need to try them in practice and see what fits you.