Best P2E Games

GameFi As Income Stream

GameFi As Income Stream

Game Review 

How to Earn a Livelihood from GameFi: All You Need to Know.

Making a livelihood out of playing your favorite video games is something out of a fairy tale book. Though this idea was a far-fetched one a couple of years ago, not anymore.

Gamefi is the most trendiest niche in the cryptocurrency industry at the moment, no less than a gold rush. Blockchain gaming has caused a frenzy in the video game industry and it is set to challenge the traditional $175 billion global video game industry.

GameFi As Income Stream, All You Need To Know
GameFi As Income Stream, All You Need To Know

How come this new phenomenon is so much popular? What is GameFi all about? Can you really earn real money out of playing games? And what are the ways to make money out of GameFi? We have got you covered.

GameFi Basics

To put it simply, GameFi is a combination of video games and finance where cryptocurrency, blockchain technology, and NFT’s are incorporated into a video game. This video game then provides various ways for gamers to earn money playing the game.

The GameFi concept operates on the Play to Earn model of video games where players are rewarded with financial incentives. Some games require an upfront investment to start the game activity while others are free to access.

The reward works in several manners where players can receive bonuses while completing in-game tasks, or battling it out with other players. Everything a player receives in the game becomes a digital asset with a value behind it.

Such games are then integrated into decentralized finance tools for issuing tokens, algorithmic stable coins, loans, and more.

GameFi Mechanics and Ways to Earn

Different GameFi projects have different mechanics, however, there are some commonalities. The in-game items are treated as NFT’s that come in different shapes and sizes like avatars, land, weapons, costumes, tokens, and pets.

These games let you have the access to full ownership of your in-game items. These items can be claimed via playing the game and are tradable in market places for cryptocurrencies.

NFT’s can be won by achieving and reaching to higher levels in a game.

Besides NFTs and leveling up in a game, there are other ways to earn via GameFi. Some games allow gamers to make predictions on gaming results.

One such example is Bet Naija where you bet on the results of gaming competitions and win money.

GameFi As Income Stream, All You Need To Know
GameFi As Income Stream, All You Need To Know

Another exciting way to earn money though GameFi is renting out your NFT. In-game items like land can be rented out to others and its prime example is evident in Decentraland where people rent out their digital space to others for real money.

The value behind these digital lands are exorbitant; Decentraland sold Fashion Street Estate for a whopping $2.42 million. Similarly in The Sandbox, Metaflower, a virtual yacht, got purchased for $650,000.

Another way is to complete in-game quests and winning battles to earn game’s token like in Axie Infinity where players are rewarded SLP.

The DeFi method and Staking Opportunity

Some blockchain games allow players to make money via staking i.e. by locking up their in-game assets and cryptos in smart contracts.

The staking takes place in gaming guilds and in return interest is earned. Yield Guild Games provides staking opportunity and is a relevant platform for this method.

GameFi Coins

Some of the GameFi coins are trending hot right now and holds a promising future ahead. These coins enable gamers to earn tokens by starting out on games that they love to play.

These tokens have the utility to purchase in-game items, redeem rewards, as well as donation to your favorite game and its developer.

Some of the most popular GameFi coins nowadays are Pac Man Frog (PAC), Gala (GALA), and the Sandbox token (SAND). These coins are appealing to both gamers as well as crypto enthusiasts.

If you are just getting started, go for games like Axie Infinity, CryptoBlades, Sorare, Gods Unchained, and Splinterlands. These games provide an exciting way to earn income in crypto space.

Gaming News Of Video Game Consultant;

Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and crypto currencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain based video games and its transactions and payments in the games.

Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming, esports and gamer communities. Online digital entertainment like movies, music, concerts, art and top brands such as fashion and much more that connect with video games in the metaverse.

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GameFi As Income Stream

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Find our Best P2E Games list. All games are included with reviews and links to the game review page. Have Fun!

More Games

Related P2E Games: Play To Earn Crypto, NFT, Web3

Zeeverse – Game Review

Zeeverse is a free-to-play MMORPG game where Pokémon-inspired monsters called Zee Monsters are tamed by the players in a decentralized metaverse. Zeeverse introduces an MMORPG where players immerse in indigenous fantasy. As burgeoning Shamans, they explore a captivating Spirit Realm, cultivating remarkable allies named Zee. These Zee creatures engage in tactical turn-based battles to defend Zeeverse from impending darkness. It’s a decentralized metaverse centered on Zee Monsters, akin to Pokémon, offering a free-to-play experience with a unique twist. It rewards players based on their prowess in both creation and gaming. Each Zee Monster possesses distinct attributes and abilities, impacting its value and role in battles. Collect, breed, and fight with up to five Zee Monsters, with prices varying based on rarity. Additionally, Zeeverse unveils a F2P monster-taming journey, marrying indigenous fantasy and tactical gameplay. Zeeverse’s narrative revolves around duty, exploration, and camaraderie. Players assume the role of a youthful Shaman, summoned to the Spirit Realm in response to a dire plea. Traditionally a mediator between humans and deities, you have the responsibility to defend both. Additionally, the inhabitants of the Shadow Realm, having depleted their resources through years of exploitation, have shattered the boundary between realms. This breach fuels their desperate quest for survival, challenging the very fabric of existence. Within Zeeverse’s realm, ancient myths and faithful Zee Spirit companions await, inviting players to safeguard their values and restore equilibrium among the realms.

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Time Raiders – Game Review

Time Raiders is an NFT loot and shooter game that allows players to earn valuable NFTs that can be sold, traded, and used in the game. While much about the game has yet to be announced, we do know the story behind the game and some details about the gameplay. The Storyline Time Raiders: In the year 2247, as humanity advanced in technology and science, their desire for more also grew. With a lack of resources, this led to increased war and crime. Corporate movements became corporate raids, national maneuvers turned into wars, and career advancement often came at the cost of walking on actual corpses. As a result, the divide between the different classes widened, with the wealthy constructing futuristic structures filled with technology, medicine, and luxury that were largely incomprehensible to the masses who were left scavenging for scraps. Even the rulers of empires, in Time Raiders, realized that humanity was on the verge of extinction, and no scientific discovery, pact, or societal solution seemed capable of uniting the last of humanity. In the midst of this impending disaster, an odd substance was discovered. The sudden proliferation of this strange new material among both the wealthy and the poor seemed to come out of nowhere. This material, called Flux, allowed objects and people to travel through time. The discovery of Flux and the accessibility of historical artifacts gave humanity new hope, leading to the creation of a brand-new occupation called “Time Raider.” Time Raiders are those brave, careless, or desperate enough to take the risk of traveling through time to either gain their fortune or meet their demise at the hands of their ancestors. In the future, the Time Raiders blockchain game also plans to support user-created and owned levels. All items in the game are NFTs that can be bought, sold, traded, or staked for Xpendium, the native utility currency of Time Raiders. The value of these NFTs is based on their scarcity and in-game utility. As a result, it will be easy for new players to get started, as they will not be required to purchase an NFT in order to play. As a play-and-earn game, Time Raiders puts the “play” aspect first and offers a wide variety of player-versus-environment (PvE) and player-versus-player (PvP) game modes.

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Cheelee – Game Review

Cheelee, a fusion of TikTok and GameFi on the BNB Chain, allows users to earn passive income while enjoying short videos. Cheelee is breaking ground in the world of blockchain-based social networks, offering a unique blend of TikTok-style short videos and GameFi mechanics. Users can be rewarded for their attention for the first time in social media history, recognizing it as a valuable resource. Inspired by Nobel laureate economist Herbert Simon’s concept, Cheelee turns the dream of earning passive income into reality through consuming social media content. Users can watch their favorite videos and earn rewards without the need for substantial investments. Upon registration, users receive NFT glasses to start earning, and additional NFTs within the ecosystem through earnings or further investments. The game pioneers a new era of earning while enjoying short videos on the BNB Chain.

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Dark Country – Game Review

Dark Country is a gothic game that is uniquely American, allowing players to create, own, and manage non-fungible tokens (NFTs) with complete transparency. In Dark Country, you can customize your own deck of cards featuring creatures, spells, and skills to use in different game modes. Each card in your deck is owned solely by you, and can be altered, upgraded, traded, or destroyed at any time by you or other players. Dark Country offers various game modes that can increase the value of your NFT cards. You can challenge your friends, the AI, or other random players to test your gaming abilities and earn in-game SDM tokens. Please note that every game you play will consume resources within the game. Dark Country Gameplay and the Lore: Dark Country is set in the fictional, gothic world of “Dark Country.” The story begins with the Chief summoning the ancestral guard, but instead, he unleashes a great evil. Four factions – cowboys, criminals, Indians, and zombie demons – roam the land, and players can choose one of these groups as their heroes and build their decks by adding more cards to their inventory. In Dark Country, players can engage in both player versus player (PVP) and player versus environment (PVE) battles, as well as participate in tournaments using classic card-trading battle mechanics. Players also have the option to own land and can earn rewards for developing their “hometown,” such as the ability to craft new cards, join different groups, and embark on new adventures, all of which can yield additional prizes. Dark Country connects the elements of ownership and earning by allowing players to earn an income through completing expeditions and other in-game activities. Players can also make money passively by renting out their land and lending out their NFT cards, as well as by participating in various in-game activities. The game also offers decentralized finance (DeFi) products, such as staking and farming NFTs.

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Best P2E Games list 2024

GameFi As Income Stream

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.