For instance, Axie Infinity features an adventure mode, PvP battles, and tournaments - which are typically seen in the traditional gaming industry. The game has combined traditional video game elements and gameplay with the old blockchain game model. Play-to-earn, however, has created in-game economies and business models where players can work for an income.Īxie Infinity on the Ethereum blockchain is one famous example. In older blockchain games, users relied mainly on random chances to make profits. Each game's mechanism can differ, but the rewards typically come from staking, farming a game's currency, or generating tradeable NFT items. Play-to-earn allows players to generate a steady stream of crypto income simply by playing the game. With this new model of play-to-earn games, users are now able to make money in the crypto world. The idea sounds appealing, as video games rarely give gamers the chance to make real-life income by selling digital assets. Now you have the chance to earn money playing crypto games, even if you don't have the rarest NFT in your wallet. Another option is to use the stablecoin with a crypto card like the Binance Visa Card.īlockchain games have come a long way from trading simple Non-Fungible Token (NFT) collectibles like Cryptokitties. Once you've sold your NFT or tokens, you can then convert the stablecoin into the fiat of your choice and withdraw using the available channels in your country. It's unlikely you'll be able to convert straight into fiat, so selling for a stablecoin first is a good idea. To cash out, you'll need to deposit your NFTs or crypto to an NFT marketplace or exchange like Binance. This created the concept of digital scarcity. Blockchain technology and NFTs allowed for the creation of digital items that are impossible to duplicate. However, such activity involves risk, as you typically need to put up an initial investment to purchase characters and items to play the game.īlockchain helps guarantee the collectibility of these items and create working digital economies. Some players have even begun to supplement or replace their salaries playing these blockchain games.

By playing the game regularly, each player can earn more items or tokens to sell and generate an income.

Play-to-earn games allow users to farm or collect crypto and NFTs that can be sold on the market.

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