Best P2E Games

NFT Games Hold Promise, NFT’s Suffer Decline

NFT Games Hold Promise, NFT’s Suffer Decline

Game Review 

Standalone NFT’s Suffer a Decline, NFT Games Holds Promise.

NFT’s, Non Fungible Tokens, witnessed a massive surge in their popularity in the past couple of years. The values of NFT’s and trading volumes saw astronomical numbers.

NFT Games Hold Promise, NFT's Suffer Decline
NFT Games Hold Promise, NFT’s Suffer Decline

However, a recent report by Crypto Slam suggests that the hype surrounding the cartoon avatar NFTs is cooling off.

The global NFT market has suffered a decline in unique buyers of NFTs from 998.271 in January to 664.077 in March.

Moreover, the global sales also recorded a decrease from $4.6 billion to $2.4 billion from January to March respectively.

In this context, a recent example of an NFTs value declination is seen when Twitter’s founder’s first tweet was once sold for $2.9 million is now getting a top bid of approximately $300,000.

People are losing interest in NFT’s but when these very NFT’s are incorporated into a video game, the attraction is still there.

NFT games provide an opportunity for gamers to earn real money out of playing games through trading game NFTs and game tokens which attract new players.

Keeping in view the trend, more blockchain companies are interested in using games to further the adoption of cryptocurrencies and NFTs and make them more mainstream.

One such company is Magic Eden, a Solana blockchain-based NFT marketplace, which is pushing into gaming.

It is the second biggest NFT trading marketplace only after OpenSea. The company has launched the Eden Games platform which hosts mini-games made by third-party developers.

Magic Eden’s blog post read, “We care about games because we see them as fantastic onboarding experiences into NFTs and Web3.”

“The kind of behaviour of owning digital assets is already [present] in gaming without cryptocurrency, because gamers buy in-game items already,” Lu said. “We think that could be really big, to bring the gaming community into crypto.”

However, most of the NFT gaming projects are decentralized finance and less of a game.

NFT Games Hold Promise, NFT's Suffer Decline - Non Fungible Tokens
NFT Games Hold Promise, NFT’s Suffer Decline – Non Fungible Tokens

“The current wave of NFT gaming are created by crypto bros, and most of the games right now are DeFi with a gaming skin on them,” Owen Soh founder of Eastlab said.

This means that the audience changes when the DeFi component comes in and the focus is less on the gaming. As of now, most of the NFT gaming are being created by crypto enthusiasts who are less concerned about games.

Although the future looks promising when it comes to NFT gaming, it will be interesting to see who will solve all the problems ingrained in NFT gaming and its sustainability model.

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NFT Games Hold Promise, NFT’s Suffer Decline

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

Formula E: High Voltage – Blockchain Racing Management Game

Formula E: High Voltage, a licensed Formula E game developed by Animoca Brands, is a groundbreaking blockchain-based racing management game that introduces the concept of NFTs and play-to-earn within the REVV Motorsport ecosystem. In this game, players take on the role of a Team Principal for a Formula E team, allowing them to control the destiny of their team in the championship. The game distinguishes itself by representing assets, such as Formula E cars, as NFTs, giving players true ownership and enabling them to earn rewards as they play. The game caters to the desires of Formula E fans who have longed for an official game that immerses them in the world of eco-friendly racing. Formula E has evolved over nine seasons to become an FIA World Championship, producing notable champions like Nyck de Vries, Stoffel Vandoorne, and Jake Dennis, who used their Formula E success as a launchpad into the world of Formula 1. In Formula E: High Voltage, the Play-to-Earn concept is the core of the gameplay, where player performance directly impacts earnings. Strategic decisions and upgrades for teams and assets lead to greater rewards. The game features NFTs with various levels of rarity, such as Epic, Legendary, and Apex, which enhance the Skill System and the utility of assets. Success in the game hinges on mastering critical elements like ATTACK MODE, which provides a significant power boost of 35 kW for intense racing, and energy management to optimize battery performance. The game includes NFTs for every car and driver, each with specific rarities and unique skills, allowing players to collect, train, upgrade, and manage their racing empires. Among the featured cars is the GEN3 race car, renowned as the fastest and most efficient electric race car globally. The game also includes a selection of fantasy and official cars and drivers, including the 2023 ABB FIA Formula E World Champion Jake Dennis, to enhance the excitement. Formula E: High Voltage is an integral part of the REVV Motorsport ecosystem, alongside other blockchain games like MotoGP™ Ignition and MotoGP™ Guru, as well as original titles REVV Racing and Torque Drift 2. The ecosystem operates using the $REVV token, which serves as both a governance and utility currency, creating a vibrant gaming community. The community response to Formula E: High Voltage has been enthusiastic, with players sharing their experiences and expressing optimism about the project’s future. Players are excited about the play-to-earn model and the opportunities it presents during both bull and bear markets.

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Guild of Guardians – Game Review

Guild of Guardians is one of the most anticipated blockchain games. The game is in its pre-registration phase so there is a lack of information about it as of now. However, players have the option to join the emailing list, pre-registration, and earn rewards. What is known is the fact that Guild of Guardians is the very first in AAA blockchain-based games and will set a benchmark for future games to come on blockchain technology. Anyone that owns a smartphone can play it because it is a mobile RPG. Players can craft important in-game gadgets and new heroes to sell for paper currency by gathering resources. The blockchain gaming play to earn concept is gaining traction, as it empowers players like never before. Moreover, it will also be a free to play game and developers say players will earn based on skill rather than the pay-to-win scheme. In contrast to being a single-player game, Guild of Guardians focuses on the formation of guilds. Guilds allow players to contribute to the overall development of their community. Collaboration is also essential to assemble the greatest ‘guardians’ and deal with the in-game content, which becomes more difficult as players progress. Guild of Guardians Currency: Gems, the game’s in-game currency, is won and tradable with other players, giving the game an extra layer of value. Moreover, thanks to the partnership with Guardians Corporation, it is said to be the first mobile game developer to create an in-game currency tradable.

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Cyball: Sports Strategy Trading Card NFT Game – Crypto Rewards

“Cyball” is a sports strategy trading card game that combines player-versus-player matches with the excitement of collecting and trading non-fungible tokens (NFTs). The game features appealing character designs and a diverse range of collectible NFTs, adding a unique dimension to the gaming experience. A standout feature of Cyball is the utilization of CyBlocks, which are cryptographically secure NFTs with distinct IDs, making them non-replicable. These NFTs hold significant value within the game, with lower-numbered CyBlocks being the most coveted. Owning a CyBlock NFT is a prerequisite for participating in Cyball gameplay, emphasizing their importance in the game’s ecosystem. Cyball provides a selection of game modes to cater to various player preferences: Friendly Mode: This mode offers a relaxed 3v3 gameplay experience with flexible rules, making it suitable for casual matches. Championship Mode: For players seeking a competitive environment, Cyball offers a 5v5 tournament mode held once per season. It allows players to climb leaderboards and showcases a more intense sports gaming experience. Practice Mode: Designed for skill improvement, practice mode enables players to refine their abilities by engaging with AI-controlled opponents. Cup Match Mode: The highest level of competition in Cyball, this 5v5 battle mode pits top players against each other in high-stakes matches with the ultimate goal of winning the cup. Cyball’s unique “play to earn” economics is underpinned by two cryptocurrency tokens: Cyblock Battery Token (CBT): Players earn CBT by winning matches, serving as the foundational token in the game’s economy. Cyball Token (CYB): CYB functions as a staking token, offering players additional opportunities to engage with the game’s economics. Both CBT and CYB operate on the Binance Smart Chain (BSC) and Ethereum blockchain technologies, allowing players to not only enjoy a dynamic sports strategy experience but also earn cryptocurrency rewards while doing so. Whether you’re an experienced collector or a novice gamer, Cyball offers a distinctive and immersive gaming experience that combines sports strategy, NFT collectibles, and cryptocurrency rewards.

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My Crypto Heroes – Game Review

My Crypto Heroes stands as an Ethereum blockchain RPG, featuring historical heroes, quests for rare items, and battles for fame and rewards. My Crypto Heroes (MCH) stands as a turn-based RPG strategy game accessible through web browsers. Renowned within the blockchain community, it employs ERC-721 token-based “heroes”. Its connection with the EMONT alliance, comprising PC game developers advocating EMONT as a universal cross-game currency, has further fueled its popularity. My Crypto Heroes introduces a play-to-earn MMORPG concept, enabling players to possess NFT characters and items, while simultaneously accumulating MCHC tokens, all built on the Ethereum network. Additional tokens like GUM, CI, and CP serve distinct purposes within the game’s framework. The game seamlessly caters to both mobile and PC users, offering an expansive platform choice. To initiate the My Crypto Heroes journey, individuals need to navigate to the official website. Account creation offers two avenues: either through a Google account or an Ethereum wallet. Opting for a Google account grants access to three complimentary heroes, though acquiring additional ones is restricted. On the other hand, using an Ethereum wallet grants complete game privileges, enabling hero collection. Once logged in, a trio of crypto heroes – MCH Warrior, MCH Tactician, and MCH Artist – is provided without charge. While the prospect of obtaining more heroes is appealing, it should be noted that ERC-721 heroes on-chain come at a minimum cost of 5,000 GUM (0.5 ETH or approximately US$88). In the dual game mode system, PvE mode permits hero exploration in dungeons for experience points and rare NFT items, which are vital for asset advancement. PvP mode engages players in tournaments, rewarding top-ranking participants with NFT items.

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Best P2E Games list 2024

NFT Games Hold Promise, NFT’s Suffer Decline

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.