Game play to earn (P2E) continues to flood the media and the game world today. In the midst of the many types of games to date, the presence of this P2E game has created its own hype—plus its connection with crypto assets.
Following the hype it generated, P2E games have also started a new chapter of development after they were adopted by NFT (Non-Fungible Tokens)
In fact, in some countries, this type of P2E game has also allowed the players to earn a living by playing games. On top of that, scholarship programs and academies have sprung up to help players navigate this new world.
What is Play To Earn (P2E) Games?
Basically, P2E games are video games where players can get prizes of the same value in the real world.
Simply put, P2E is a gaming business model which is an advancement from previous types of games, such as free to play and pay to play. In this new version, players will play their games in the hope of earning some money in the form of crypto assets. It is also important to know that almost all games that have trading features or indirect trading have implemented a number of elements of these P2E games.
So, what is the relationship between P2E games and NFT?
The correlation between NFT and crypto with this P2E game is when you play P2E games to get rare items. The representation of a number of these items is in the form of NFT. Later, this NFT will verify your ownership as a player of certain assets in the game. Then, you can sell or exchange these items to other players with cryptocurrency.
In this case, NFTs, which represent in-game items, can be traded and sold with fiat currency in any NFT market. Given this NFT’s rarity and uniqueness, it would be of real-world value. Furthermore, this cycle will also continue to repeat itself until it can eventually create its crypto ecosystem or economy in the game.
List of Potential Play To Earn Games in 2022
This game has become a very addictive game and is now widely used as a source of income. After launching in March 2018, Axie Infinity so far has more than 2.7 million monthly active players. The popularity of this game is known to soar in September 2020.
Since then, the first P2E game has become a mini-economy of its own, generating revenue of $2.3 billion. The market itself is second only to OpenSea, with a total trading volume of $3.94 billion.
In this game, players will engage in skill-based tactical battles. Here, players will control as many as three Axies—a fat, fantastic creature that is also a tradable NFT.
The reward for players’ victories in these battles is Smooth Love Potions (SLP), which are in-game resources and tradable tokens, which are used to evolve Axies, just as they would with Pokémon.
In total, there are 270 million AXS tokens, with 21% of them owned by Sky Mavis as a means of funding. Meanwhile, for P2E issuance, 20% of AXS tokens have been allocated for 4.5 years. Now, 1 SLP is worth $0.0187, while 1 AXS is $75.45.
In the metaverse coin market cap, The Sandbox (SAND) was at the top for a while. However, its position has now been shifted by Decentraland (MANA). The Sandbox (SAND) itself currently sits in 4th place, with a market capitalization of $3.33 billion.
The game, developed by studio Pixowl and led by Arthur Madrid, is an ambitious project to create a blockchain version of Roblox. In order to make this happen, this game asset uses 3D voxels.
In this game, the SAND token is responsible for paying for all transactions in the metaverse. There are a total of 3 billion SAND tokens, with 921 million of them already in circulation. The ATH SAND price point occurred one month after the Facebook/Meta rebranding, at $8.44.
This newcomer to the blockchain gaming scene was released on August 22, 2021. However, DeFi Kingdoms (DFK) was initially launched primarily as a decentralized exchange (DEX) for agricultural produce.
DeFi Kingdoms is a decentralized financial protocol that is visualized and gamified as if Uniswap suddenly acquired a medieval aesthetic.
Throughout December last year, nearly 160,000 users were already involved in blockchain-based empire management and traded volumes of up to $1.68 billion across 8.14 million transactions, powered by the Harmony network.
Mines of Dalarnia (MoD)
Workinman Interactive and Chromia Studios are known to be the two blockchain startups that developed this game.
Launched in November 2021, MoD is the first 2D blockchain with procedurally generated levels. In it, the player actively controls a miner, much like an arcade platformer game.
Later, with each run of the mine, the player collects various resources, artifacts, and rare relics, which are then used for crafting and combat. Like Axie Infinity, players in this game can also buy a plot of land with DAR as the game’s main token. This token was first launched on the Binance Smart Chain, with a maximum supply of 800 million coins.
Similar to DeFi Kingdoms, Alien Worlds has the game’s geographic base in outer space. The Alien Worlds metaverse has already surpassed the one million user threshold as of September 2021 across the entire blockchain. This makes Alien Worlds the first blockchain game to break the 100,000 user limit.
The specialty of this play-to-earn game is in the real-world background. That’s because its founders, McKenna and Yeates, tried to install a decentralized system of government in Liberland—a land without landlords on the border of Croatia and Serbia.
With that, they also created Alien Worlds as a DAO system or decentralized autonomous organization spread across six planets. Here, players will mine Trilium (TLM), the game’s original token. Trilium will give them DAO voting rights, staking, and weekly planetary elections.
On the other hand, the gameplay itself revolves around NFT management, namely land, equipment, minions, weapons, avatars, and even missions. TLM itself experienced an initial growth spurt in April 2021, with the price hitting ATH at $7.19.