Today classic office work is not the only way to earn money. There are many alternative ways now, and one of them is Play-to-Earn games. Let’s discuss some projects you should pay attention to this year.
What is Play-to-Earn
Term Play-to-Earn (P2E) means blockchain games with tools to earn money. It belongs to the GameFi category (game + finance). Analysts predict the crypto gaming market will grow up to $38 billion by 2028.
GameFi market size. Source: businessresearchinsights.
By the way, in February 2023, decentralized application search platform DappRadar and the Blockchain Gaming Association (BGA) researchers found that 48% of the decentralized applications (dApps) market's activity is taken by blockchain games.
In P2E games, decentralized gaming industry, users have access to earning tools. First steps often include an initial investment: for instance, you might need to buy game characters, which are usually presented as a non-fungible token (NFT). As a rule, players receive a reward in native tokens of a project.
Play-to-Earn projects are highly demanded in Asian countries. For example, many Filipinos changed their traditional workplace to P2E. However, not everyone succeeds, and you should keep in mind these risks.
Top Play-to-Earn projects 2023
For our review, we took 5 of the most popular P2E games in terms of the number of users and the volume of internal transactions according to DappRadar. Learn more about top crypto games.
🥇 Alien Worlds
What’s the point? Explore new planets.
How to earn? To begin earning, the player must first land on one of the available planets and begin searching for coins in its bowels, for example, with a free shovel. You can start earning in Alien Worlds without making an initial investment. The project has a native Trillium token (TLM) that can be mined. TLM is available on several networks: Wax, BNB Chain, and Ethereum. Coins can be swapped between networks using the Teleport bridge.
In addition, you can earn NFT gaming items, token points in Alien Worlds, and exchange them for real NFTs. Received non-fungible tokens can be sold. Another way to make money in Alien Worlds is through expeditions to other planets, which are technically staking programs. Such NFT metaverse gaming are perfect for beginers.
What else? AlienWorlds is a browser-based Sci-Fi metaverse, perfect example of NFT games. The project was created by the Swiss company Dacoco. The AlienWorlds digital reality is built on the Wax blockchain. Many popular companies have invested in the project, including the Korean fund HG Ventures and game developer Animoca Brand.
Game activity in Alien Worlds. The white curve is the number of unique addresses. The green one is the number of in-game transactions. The blue columns are the volume of transactions. Since spring of 2021, the number of unique addresses and the volume of in-game transactions have been approximately at the same level. Source: DappRadar.
🥈 Splinterlands
What’s the point? Set up a deck of the most powerful cards. Each card gives the player access to a specific character or power that can be used in game.
How to earn? Earn money by participating in internal battles and tournaments, as well as fighting against artificial intelligence or other players. You can also make money in Splinterlands by participating in internal staking programs. NFT trading with cards and renting them out are also on radar.
The system pays players a reward in native Dark Energy Crystals (DEC) tokens. To start earning in Splinterlands, you need investments: you have to buy a spellbook for $10.
What else? Splinterlands is a collectible card game on the Hive blockchain. The project was launched in 2018 under the name Steem Monsters, but lately it has been renamed.
Game activity in Splinterlands. The white curve is the number of unique addresses. The green one is the number of in-game transactions. The blue columns are the volume of transactions. The peak of growth in gaming performance occurred at the end of summer/the beginning of autumn 2021. Against the backdrop of crypto winter 2022, the indicators fell by half. Source: DappRadar.
🥉 Farmers World
What’s the point? You need to manage the farm.
How to earn? You can grow and sell animals and harvest, and you can also put up for sale the agricultural equipment you create. Another option is to win battles with the monsters that inhabit the game world. You can also mine gold for sale and receive income from the construction of houses.
This game also requires investment. To start earning in Farmers World, you need to buy working tools for about $10 (at the time of writing). It helps to settle and increase possible revenue.
The platform pays the reward in internal tokens: FWW (Wood), FWF (Food) and FWG (Gold). The virtual assets pick depends on the direction of the farmer's work.
What else? Farmers World is a strategy on the WAX blockchain. The project was created by the Excalibur Publishing team.
Game activity in Farmers World. The white curve is the number of unique addresses. The green one is the number of in-game transactions. The blue columns are the volume of transactions. The peak of in-game activity was in May 2022. Since then, the numbers have been steadily declining. Source: DappRadar.
🏅 Planet IX
What’s the point? Reborn the planet Earth in the future. You need to collect as many land plots (PIX) as possible, each of which is presented as NFT (there are 1.6 billion of them in total).
How to earn? Gaming economy based on staking PIX, gaming cryptocurrency. You can also make a profit on the collection of garbage and its subsequent delivery. The system pays rewards in native IX Tokens (IXT). To start earning, you need to purchase a property. Prices start at a couple of dollars.
What else? Planet IX is a fantastic entertainment that simulates the development of the Earth made by Nibiru Software. Blockchain technologies helped to deliver this experience.
Game activity on Planet IX. The white curve is the number of unique addresses. The green one is the number of in-game transactions. The blue columns are the volume of transactions. The peak of in-game activity occurred at the end of January 2023. In early February, the indicator was corrected by half. Source: DappRadar.
🎖️ Upland
What’s the point? Become a real estate agent.
How to earn? On digital real estate resale and rental. The objects' cost may increase against the backdrop of the development of the area's infrastructure and for other reasons, for example, in case of the opening of an interesting public space in the neighborhood. You can start earning without investing.
You can also find a treasure in Upland or get a bonus in the form of cryptocurrency for the active development of new digital territories. In-game calculations in Upland are conducted in UPX tokens.
What else? Upland is a monopoly-type game on the EOS blockchain. In the metaverse, players are separated into several groups depending on the UPX value of the total in-game objects under their control. The more assets you own, the wider the gaming opportunities you have.
Game activity in Upland. The white curve is the number of unique addresses. The green one is the number of in-game transactions. The blue columns are the volume of transactions. The growth of in-game indicators froze with the beginning of the crypto winter at the end of 2021. Since then, the numbers have been steadily declining. Source: DappRadar.
Conclusion
Today, we reviewed 5 of the most popular Play-to-Earn games 2023, according to DappRadar. There are many other projects on the market that also allow you to earn. It is not necessary to consider such projects as the main source of earnings as they can only become a pleasant addition to your investment portfolio.
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This material is not an investment recommendation. The financial and other transactions mentioned in the article are not a guide to action. Itez is not responsible for possible risks. The user should independently conduct an analysis on the basis of which it will be possible to draw conclusions and make decisions about conducting any operations with cryptocurrency and / or tokens.
