Best P2E Games

GameFi: All you Need to Know

GameFi: All you Need to Know

Game Review 

GameFi’s Soaring Popularity, and its working Mechanics.

GameFi is the newest craze in the gaming industry nowadays, and many aren’t quite familiar with how it works and what exactly it means. GameFi offers the old thrill of winning prizes by playing games with an infusion of cryptocurrency and NFTs.

GameFi: All you Need to Know
GameFi: All you Need to Know

Game-Fi players have the liberty to rent, lend, or even trade their prizes for real money.

GameFi and its Basics

GameFi uses DeFi, a decentralized financial system used to record token-based transactions, lending, and borrowing. The transactions

are recorded on blockchain-based ledgers similar to how Bitcoin works. To make it more easily understandable, GameFi is a decentralized application having economic incentives.

GameFi Working Mechanics

Let’s take the example of Axie Infinity as it is the most successful GameFi around. The game’s economy depends on two tokens and NFT’s; AXS, and SLP.

These are earned by winning battles and finishing quests. Moreover, the game also has the option to breed blob-like monsters and the offspring can be sold. In addition, the AXS token can also be staked to earn interest.

However, the upfront to start playing the game is $700. This is where gaming guilds and game scholarships come into play, which helps those players who can’t afford such an amount buy monsters.

GameFi: All you Need to Know
GameFi: All you Need to Know

Traditional Game Tokens and GameFi, the Difference

The tokens and in-game currencies exist in video games for quite some time like Robux and V-Bucks. However, the difference lies in the limitation of ownership and usage of the tokens.

Traditional gaming tokens can’t be sold easily or legally outside of the token’s game. Whereas, Game-Fi offers a lot more freedom and ownership as the tokens in Game-Fi act as crypto-currencies.

GameFi Studios Economic Incentives

The developers are given tokens for their work on the game, so the more players play and trade tokens in the game, the more the token’s price increases in the market.

Moreover, some games also charge commission on transactions.

GameFi: All you Need to Know
GameFi: All you Need to Know

GameFi promises a lot and shows massive potential in them, but many regard it as just another way of publishers to milk consumers for more money.

Gaming News

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.

If you want to stay up-to-date of my daily game news, then follow me on Google News.

GameFi: All you Need to Know

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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!

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Conquest.eth – Game Review

Conquest.eth is an open-ended play to earn space strategy game to conquer planets and other species in the universe based on the Ethereum blockchain. Conquest. eth is the brainchild of a Scottish blockchain game studio Etherplay. The game dynamics will focus on space exploration and the conquering of various planets and realms. What makes Conquest different from the other blockchain games is that it is completely on the Ethereum blockchain. This means that not only the players will have ownership of game assets in the form of NFTs; there will be tokens having real value, but also the rules of the game will be on the blockchain. The on-chain game will allow the users a decentralized structure, where no servers are needed and the players are more independent. The players will become the owner of the game eventually. Conquest.eth is an exciting space strategy game that allows players to conquer planets and other species in the universe. The game is built on the Ethereum blockchain, which means that players can earn rewards by participating in the game. One of the best things about Conquest.eth is its open-ended gameplay. Players are free to explore the universe and conquer new planets as they see fit. The game also features a variety of different species, each with their own strengths and weaknesses, making it a real challenge to conquer them all. The graphics and sound effects in Conquest.eth are top-notch, creating an immersive experience for players. The game’s interface is user-friendly, making it easy to navigate and understand, even for new players.

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Monkey League – Game Review

Monkey League is a soccer game that combines fast-paced, turn-based gameplay with the use of non-fungible tokens (NFTs). It is easy to learn, but difficult to master, making it an engaging and exciting experience for players of all skill levels. Monkey League combines elements of both FIFA Street and chess, creating a unique and strategic gaming experience. Players use Monkey NFTs, which are digital assets that represent unique in-game characters with specific abilities, advantages, and statistics, to compete in soccer matches. The gameplay is inspired by FIFA Street, but with the added depth and strategy of chess. This creates a game that is both fast-paced and challenging, and requires players to think critically and make strategic decisions in order to succeed. In Monkey League, players can build their ideal team of four Monkeys to fill the striker, midfielder, defender, and goalkeeper positions. These Monkeys, which are represented by unique NFTs, are born with specific skills and attributes that make them well-suited to particular positions. However, players can also train their Monkeys to improve their abilities and reach their full potential in any position. This allows players to tailor their team composition to their own strategic preferences and create a squad that is well-balanced and equipped to handle any challenge. Monkey League Stamina and Squad: In Monkey League, players must carefully manage their Monkeys’ energy levels and health in order to ensure that they are able to perform at their best on the field. Playing matches consumes Energy and exposes Monkeys to the risk of injury, so players must use nutritional and medical supplies to keep their Monkeys healthy and well-rested. Having a larger squad of Monkeys and substitutes on hand can be beneficial in this regard, as it allows players to rotate their Monkeys and keep them fresh. As players compete in matches and advance through the Monkey League ranks, they will earn in-game currency and experience points that can be used to improve their Monkeys and increase the value of their NFTs. By investing Energy and supplies, players can earn $MBS and XP points that help them progress through the game and achieve greater success. Ways to Earn in Monkey League: You can make money while playing Monkey League both actively and inactively. Playing games and scoring goals will be your main route to moving up the ranks and earning TOP MonkeyBucks $MBS for more intense, active gamers. You can watch matches as a spectator, encouraging the winning team’s spirit and earning $MBS in the process. This option is for more passive players or those who simply want to enjoy the game. In addition, players will also be able to buy Stadiums and start earning money from the matches they host.

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Smithonia: SmithyDAO’s Innovative Hybrid Gaming Universe

Smithonia is a virtual universe created by SmithyDAO, a project within the Treasure ecosystem, and powered by the Arbitrum One network. This blockchain-based platform offers a unique hybrid economy and gameplay experience centered around staking and enhancing the rarity of in-game weapons. In Smithonia, players are invited to explore a dynamic world where blockchain technology seamlessly integrates with engaging gameplay. The platform’s hybrid economy combines in-game and off-chain currency and resources, providing a novel approach to the virtual gaming space. At the heart of this ecosystem is the $MAGIC token, which connects Smithonia to the broader cryptocurrency landscape and the global economy, making it a significant player in the evolving blockchain gaming industry.

SmithyDAO offers two distinct game modes to entertain players. “Card Crawler” is a turn-based adventure where players navigate procedurally generated dungeons using a deck of cards for their moves, adding an element of strategy and chance to their journey. “Golden Harvest,” on the other hand, presents real-time combat against waves of enemies within dangerous dungeons, testing players’ reflexes, strategy, and composure under pressure. In both modes, the focus is on the evolution of Living Weapon and Hollow Weapon NFTs.

Resources within Smithonia can be traded on the Treasure Marketplace, while players can earn gold coins through various in-game activities. Magical Gathering Missions, which require a Magic payment, enhance rewards, and restoring the ancient city with gathered resources earns Restoration Points, which can be used to evolve gear and unlock new stories. Quests, categorized by difficulty, offer varying rewards, including living weapons, NFTs, and off-chain items like potions and maps, with plans to convert them into NFTs after the initial three months of gameplay to ensure system stability and growth.

The platform’s tokenomics revolve around the progression of in-game weapons, which start as wooden material and can be upgraded to legendary forms through dedicated gameplay and resource gathering. Smithonia features seven weapon types, including Daggers, Axes, Warhammers, Bows, Swords, Wands, and Staves.

The community response to SmithyDAO and Smithonia has been positive, with players expressing excitement about the game’s rogue-like elements and the potential of gaming on the Arbitrum network due to its cost-efficiency for transactions. Some players have also emphasized the importance of craftsmanship in the game, highlighting the significance of forging powerful weapons for the impending battles within Smithonia.

Overall, SmithyDAO’s creation of Smithonia represents an innovative approach to blockchain gaming, blending captivating gameplay with a hybrid economic model and the integration of NFTs, promising a thrilling adventure for players in the ever-evolving world of blockchain and NFTs.

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Hippo Dash: Web3 Meta-Entertainment Casual Racing Game

“Hippo Dash” is a groundbreaking meta-entertainment casual racing game that caters to both Web3 enthusiasts and the wider gaming community. It is part of the Gameta project, a multi-dimensional NFT gaming network that aims to bridge the gap between Web2 and Web3 users. Gameta offers a portfolio of 14 games, including hyper-casual amusements and NFT-infused social diversions, and has garnered over 7 million on-chain users on BNB Chain. During its public beta phase, Hippo Dash saw remarkable engagement, attracting over 150,000 users who collectively generated more than 3 million game interactions. Players invested over 1 million minutes exploring the game during this period, with popularity spanning regions such as Europe, the Americas, Central Asia, and Southeast Asia. Notably, Hippo Dash ranked among the top three games on the Google Play Store in Indonesia, Vietnam, and Cambodia. Gameta, with an online community of over 8 million users, is a prominent player in the BNB Chain gaming sector. Their exclusive NFT series, the Hippo Club, boasts 30,000 total addresses, solidifying Gameta’s position as a robust endeavor in the BNB Chain’s gaming landscape. The platform is committed to enhancing the potential of the Web3 NFT ecosystem and democratizing access to projects like the Bored Ape Yacht Club. Through games like Hippo Dash, Gameta aims to bring the Web3 ethos to a broader audience, allowing more enthusiasts to participate in the NFT space.

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Best P2E Games list 2024

GameFi: All you Need to Know

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.