Earn Crypto While Playing Online Games? Count us In
With over 300 million crypto users worldwide and the increase in institutional adoption, it is no secret that many individuals have started taking interest in cryptocurrency. While parking some of your funds into the digital asset is a form of investment, there are several other methods to earn cryptocurrency.
A common way to do so is to deposit your crypto assets into an interest-earning account like Hodlnaut that gives up to 12.73% APY on six of its supported assets. These include BTC, ETH, USDT, USDC, DAI, and WBTC. Plus, Hodlnaut has an ongoing Upsized User Referral Program to allow individuals to earn up to 1,040 USDC.
However, if you have already signed up for an account but you’re still looking for other ways to earn cryptocurrency, you might want to consider playing online games.
And yes, you read that right.
Some online games - commonly known as play-to-earn games - allow individuals to earn cryptocurrency by simply, well, playing them! You can easily do this during your free time knowing that you’re earning while still having some fun.
Interested? Ahead, we discuss what exactly these online games are, how you can benefit from them, and some popular games to note.
What are Play-to-Earn Crypto Games?
Play-to-earn games are online games that allow players to receive rewards in terms of in-game currency through challenges and battles within the game itself. What makes play-to-earn online crypto games different is that they are based on the blockchain network and combine decentralized finance (DeFi) and non-fungible tokens (NFTs).
With traditional online games, many of them tend to operate on a pay-to-win model. This means that players purchase upgrades to increase their powers and gain an advantage over other players. However, play-to-earn crypto games adopt a play-to-earn model, in which players are given financial incentives to play and progress through the game.
Why are Play-to-Earn Crypto Games Relevant Now?
Items like avatars and weapons in play-to-earn crypto games come in the form of NFTs. When players gain possession of these items, they have the option to trade with other players in digital marketplaces for different NFTs. They can even sell them in exchange for cryptocurrency. Depending on the online game that is played, users can increase their earning potential through methods such as improving their characters and weapons.
This is a great way for crypto users to earn more while still having fun since they would be playing online games. Plus, with many individuals looking to build several passive income sources, this is an optimal alternative as all they would need to do is play games to earn.
Which Play-to-Earn Crypto Games Should You Try?
If you have yet to download some of the most popular play-to-earn crypto games, here are five to consider.
1. Axie Infinity
Similar to Pokemon, Axie Infinity is set in a universe where players can buy, care for, breed, and trade digital creatures known as Axies. While the game is known to have high earning potential, it does require a high level of involvement to breed and trade rare and unique Axies. These digital creatures can then battle each other to earn Smooth Love Potion (SLP) tokens (its native token) or be sent on quests.
In-game token: Axie Infinity (AXS) and Smooth Love Potion (SLP)
Initial investment needed: Players would have to purchase three Axies prior to starting an account.
Similar to Mafia Wars, CryptoBlades is an online role-playing game where players can defeat enemies and complete raids to earn SKILL tokens. Players can also create weapons to build an advantage over their opponents or boost their power during battles. These items can then be traded in an open marketplace to gain more tokens.
There are four main components in the game known as fire, earth, lightning, and water. These elements are then allocated to each character, weapon, attribute, and enemy. Each comes with its own strengths and weaknesses, which players can strategically leverage to fight their in-game enemies.
In-game token: Cryptoblades (SKILL)
Initial investment needed: Players would need to pay for any transaction fees, as well as 0.2 BNB before starting an account.
Sorare is a football-based online card game based on the Ethereum network that features actual football players globally. Players can obtain collectible cards and use these collectibles to create a virtual football squad, including selecting a captain, defender, midfielder, and other necessary positions.
Once the teams are established, they can then engage in tournaments to beat other players and teams. Rewards can be earned through weekly matches and when players level up and advance through divisions.
In-game token: Sorare (SOR) and Ethereum (ETH)
Initial investment needed: Players are required to purchase in-game cards to play for rewards.
Fans of Monopoly - or any real estate-inspired game, really - would definitely enjoy playing the blockchain-based game, Upland. The game allows players to buy, sell, and trade virtual properties that are linked to the real world.
The virtual game has mapped the cities of New York and San Francisco, allowing players the opportunity to buy available virtual properties that are linked to actual addresses. Plus, players can even run businesses, become digital landlords to build properties, and earn UPX tokens.
In-game token: Upland (UPX)
Initial investment needed: Players would have to buy a virtual property before opening an account.
5. Alien Worlds
Alien Worlds is set within a metaverse that spans multiple blockchains such as Ethereum and Binance Smart Chain. The game allows players to join an alien universe that is made up of several planets.
Players would then earn rewards by fighting for rare resources and mining the game’s token, TLM. Players also have the option to battle their opponents, advance through quests and earn additional tokens by renting out their land to other players.
In-game token: Trillium (TLM)
Initial investment needed: Players would need to buy NFT game cards.
If you have always wanted a fun alternative to earning crypto, these play-to-earn online crypto games are definitely worth trying out. While there may be an initial investment required, the rewards from playing these games would outweigh the costs when you consistently play them.
There are also other methods to earning crypto that doesn’t require any active management. This includes depositing your cryptocurrencies into interest-earning accounts like Hodlnaut. Furthermore, Hodlnaut has an ongoing Upsized User Referral Program that lets you earn up to 1,040 USDC!