In recent years, the intersection of blockchain technology and gaming has given rise to a revolutionary concept known as play-to-earn crypto games. These games not only entertain players but also offer the potential to earn real-world value by acquiring and trading in-game assets.
This fusion of play and earning has captured the attention of a rapidly growing audience seeking new avenues for both entertainment and financial gain.
In this article, we’ll explore play-to-earn crypto games, their mechanics, advantages, and the potential rewards they present to players.
To demonstrate their popularity, our team has evaluated multiple choices in the domain and compiled a list of the top 10 play-to-earn crypto games, providing readers with valuable insights into the most immersive and rewarding experiences available today.
- A meme token with up to 257% in rewards
- CEX listing and a play to earn game on the roadmap
- Sponge V1 made 100x in 2023. Join V2 presale
ETH
USDT
Debit
- The 5SCAPE tokens unlock special in-game features
- Brings VR capabilities into Web3 gaming
- An ERC20 token that's compatible with existing Ethereum DeFi platforms and smart contracts
- ETH
BNB- USDT
- +2 more
- Innovative blockchain-based electric vehicles project
- The eTukTuk prototype is scheduled to be revealed in the first phase
- opBNB will be used in tandem with BNB for scalability and reduce costs
- ETH
- BNB
- USDT
- +1 more
Top 9 Play-to-Earn Crypto Games of 2024
- Mega Dice Token (DICE) – Top play-to-earn game with 50K users and $50M monthly bets. Raised over $340K in presale.
- Sponge V2 (SPONGEV2) — A meme token with play-to-earn (P2E). Following the success of V1, Sponge V2 comes with many enhancements and high APY.
- 5th Scape (5SCAPE) – New VR and AR crypto gaming ecosystem. Token holders get discounts on VR products. Over $2.6M raised.
- eTukTuk (TUK) — Sustainable transportation ecosystem with AI-integrated charging stations and tokenized incentives. Players will be awarded in a new P2E driving game.
- Hypeloot (HPLT) — First AI-powered crypto casino that offers its own custom games. Earn rewards even during the presale as long as you hold HPLT tokens.
- Shrapnel (SHRAP) — First-person shooter game where players can earn SHRAP tokens by completing objectives and killing enemies.
- Star Atlas (ATLAS) — Sci-fi game with multiple modes where you can mine, craft and sell your assets, offers completely on-chain economy and asset ownership.
- Parallel (PRIME) — Free-to-play card trading game with fully-owned NFT cards, uses the PRIME token for governance and rewards.
- Yield Guild Games (YGG) — Decentralized gaming guild that invests in play-to-earn games, NFTs, and distributes its earnings to holders.
What Are Play-to-Earn Crypto Games?
Play-to-earn crypto games are more than just a buzzword – they’re a revolutionary fusion of gaming and blockchain technology, reshaping the entire interactive entertainment landscape.
In these innovative games, players aren’t just passive participants; they’re active contributors and investors, empowered by the secure and transparent nature of blockchain.
Unlike traditional games where virtual assets vanish along with your character, play-to-earn titles redefine ownership. New crypto games are being released frequently as many projects strive to reach the top spot.
Thanks to blockchain-based Non-Fungible Tokens (NFTs) and the principles of Decentralized Finance (DeFi), players truly own their in-game items. This opens up a world of possibilities:
- Trade and sell: Treat your virtual assets like real-world possessions. Sell your hard-earned sword to another player, rent out your digital land, or even build a bustling in-game marketplace.
- Dynamic economies: Player-driven economies with real-world value emerge, fostering collaboration and competition.
- Community governance: Many play-to-earn titles leverage blockchain-based governance models, allowing players to vote on features, storylines, and even in-game rules.
If you’re curious about diving into this exciting world, platforms like Star Atlas and Pallarel offer a glimpse into the future of gaming. Each platform presents unique experiences, from building star ships to battling with cards.
The rise of play-to-earn crypto games signifies a significant departure from the traditional model. It’s not just about entertainment; it’s about creating a more inclusive and economically empowering gaming experience.
As these games continue to evolve, they hold the potential to reshape how we interact with digital worlds, blurring the lines between play and profit, and ultimately, redefining the very concept of what it means to “play a game.”
Reviewing the Best Play to Earn Crypto Games of 2024
A detailed review of the top P2E games in today’s markets. We explain how you can earn from playing cryptocurrency games, staking rewards, supply and games that are due to launch this year.
1. Mega Dice Token (DICE) – Top Play-To-Earn Game With 50K Users And $50M Monthly Bets. Raised Over $340K In Presale
Mega Dice Casino is currently #1 on our list of the best play-to-earn games. It is a popular online casino with over 50,000 active users and has a monthly betting volume of around $50 million.
Mega Dice offers various games, including over 4,500 casino games and many sports betting options. It recently launched the $DICE token via a presale that raised over $340K in less than two days of launch.
Buyers can get $DICE tokens for only $0.069 at press time. 35% of the total token supply is sold to early buyers. Another 15% will be given away in airdrops (free token giveaways), and 10% is set aside for staking rewards.
Mega Dice Gameplay& Token Utility
- Combining Popular Gaming Ideas: Mega Dice mixes the fun of gaming and gambling with DeFi to offer a GambleFi platform. This combination creates a unique gaming experience with crypto.
- Token Utility: The $DICE token makes playing on Mega Dice more fun and rewarding in many ways. If you have $DICE tokens, you can get cashback when you play at the casino, earn rewards from airdrops (free token giveaways), and access special NFTs (unique digital items).
You can follow Mega Dice on X (formerly Twitter) and join its Telegram channel to stay updated on the latest news. You can also read the Mega Dice Casino whitepaper to learn more about its features and roadmap.
| Total Tokens | 420 Million |
| Tokens Available in ICO | 147 Million |
| Blockchain | Solana |
| Token type | SPL |
| Minimum Purchase | N/A |
| Purchase With | SOL, ETH, BNB |
2. Sponge V2 – Top Meme P2E with Boosted Rewards
Sponge V2 is the successor to the meme coin $SPONGE, which generated significant buzz in May 2023 with a 100x price increase.
V2, launched in late 2023, promises better liquidity and bigger gains than its predecessor. Unlike V1, which was purely speculative, V2 aims to introduce utility through a Play-to-Earn (P2E) game currently in development.
Sponge V2 Gameplay & Token Utility
- Play-to-Earn: Earn $SPONGEV2 tokens by playing the upcoming game, competing on leaderboards, and holding the token. Both free and paid versions are planned, offering in-game item purchases and the potential for enhanced earnings.
- Deflationary Mechanisms: A portion of transaction fees will be used to buy back and burn $SPONGEV2 tokens, theoretically reducing supply and increasing value.
- Community Governance: $SPONGEV2 holders can vote on proposals affecting the game’s development and the project’s future.
Although Sponge V2 has the potential to offer some utility through its P2E game, it should be noted that it is still mainly a meme coin that heavily relies on community hype and speculative buying.
It’s important to understand that early success is not guaranteed, and investors should consider the high risks associated with meme coins and unproven P2E projects before investing. Transparency regarding the game’s development and gameplay mechanics is crucial to assessing its potential.
| Ticker | $SPONGEV2 |
| Description | Meme token combining utility, high returns, and play-to-earn features. |
| Blockchain | Ethereum |
| Market Cap | – |
| Launch year | 2024, presale |
3. 5th Scape – Virtual Reality Crypto Gaming Environment
5th Scape
5th Scape ($5SCAPE) is the world’s first virtual and augmented reality crypto gaming ecosystem. Through the $5SCAPE token, investors get exclusive access to gaming content and discounts on other VR products.
5th Scape Gameplay & Token Utility
- MMA Game – By Q2 2024, 5th Scape will launch its first virtual reality-themed game – Cage Conquest. This is an MMA game, where players can engage in online training sessions. You can fight online against opponents in the top MMA cages of the world.
- Simulation Games: 5th Scape will also launch Soccer and Cricket simulation games. Players can take part in tournament modes and earn rewards through these simulations.
- VR Gaming Products: 5th Scape will offer VR gaming headsets and gaming chairs at discounted rates to token holders. These products use precise motion tracking to offer hyper-realistic gaming experiences.
The VR gaming headsets are offered at discounted prices to token holders. $5SCAPE has a total supply of 5.21 billion. Currently, 80% of the supply is being allocated across 12 presale rounds. At the time of writing, $5SCAPE is priced at $0.00248 per token.
Since the start of the presale, 5th Scape has raised more than $2.6 million. The hard cap target is set at $15 million. The exchange listing price is set at $0.01 per token – more than a 300% price increase from current levels. For more information, read the 5th Scape whitepaper and join the Telegram channel.
| Total Tokens | 5.211 Billion |
| Tokens Available in Presale | 4.164 Billion |
| Blockchain | Ethereum Network |
| Token Type | ERC-20 |
| Minimum Purchase | No Minimum |
| Purchase With | ETH, MATIC, BNB, USDT, Credit/Debit Card (with KYC) |
4. eTukTuk – Drive and Earn in an Innovative P2E Game
While eTukTuk doesn’t fall into the traditional category of “play-to-earn” games, it offers a unique blend of sustainable transportation, blockchain technology, and potential financial rewards, making it an interesting contender in the P2E landscape.
Over $1.2M has been raised so far.
Overview: eTukTuk aims to revolutionize transportation, particularly in developing nations, through electric tuk-tuks and a network of AI-powered charging stations. Their native token, $TUK, fuels the ecosystem and incentivizes participation.
eTukTuk Gameplay & Token Utility
- Ride-hailing & Charging: Users stake $TUK to lease virtual eTukTuks, “drive” them (indirectly) by staking on routes, and earn rewards when passengers (other users) book rides. Staking on charging stations also generates income.
- NFT Marketplace: Purchase and trade virtual tuk-tuks and station upgrades as NFTs, influencing in-game performance and earnings.
- DAO Governance: $TUK holders vote on platform decisions, shaping the future of the eTukTuk ecosystem.
In Sri Lanka, eTukTuk is partnering with the government to build a network of charging stations and introduce electric tuk-tuks, aiming to boost the economy, reduce carbon emissions, and improve living standards for drivers. eTukTuk offers a fresh approach to play-to-earn, blending social impact with virtual gaming. While not a traditional "game," its gamified elements and potential financial rewards attract players interested in contributing to a greener future. Even so, the project is still in its early stages, with limited gameplay features and uncertainties around long-term token value.
| Ticker | $TUK |
| Description | Play-to-earn platform for building a sustainable electric tuk-tuk network in developing countries. |
| Blockchain | BNB Smart Chain |
| Market cap | – |
| Launch year | 2024, presale |
5. Hypeloot – First AI-Powered Crypto Casino
Hypeloot (HPLT) is the first AI-powered crypto casino that offers the standard casino games as well as custom games. At its core is the HPLT token that is now available for purchase in a presale. Token holders are eligible for rewards generated by the casino’s revenue each day. Moreover, the casino will buy back the HPLT token and burn portion of it in attempt to increase the token price.
While not strictly a play-to-earn game, it incorporates elements of gaming and rewards, blurring the lines between traditional cryptocurrencies and P2E ecosystems.
Hypeloot Gameplay & Token Utility
- Revenue share: HPLT token holders earn a share from the casino profits each day.
- NFT eligibility: Everyone who buys HPLT tokens during the presale are eligible to earn a Hype NFT.
- Up to 50% site credits: Earn 50% site credits to use on the Hypeloot.com without conditions and obligations.
- Hundreds of games: Play Crazy Wheel, Dice, Plinko, Crash, Mystery Boxes and many more on Hypeloot.com.
Unlike many projects that sell their tokens in an effort to raise funds, Hypeloot already has a project and it’s profitable. Established in 2022, it has processed over 60 million bets from 170,000 users. In 2023 alone, Hypeloot had over $1 million in revenue.
There are a total of 100 million tokens, 40% of which will be distributed via the token presale. The remaining tokens will be used for staking rewards, liquidity, marketing and rewards.
| Ticker | $HPLT |
| Description | Profit Share Casino Token. |
| Blockchain | Ethereum |
| Market Cap | N/A |
| Launch year | 2023 |
6. Shrapnel – Best Crypto Shooter Game
Shrapnel (SHRAP) is a blockchain-based AAA FPS game, often categorized among “best play-to-earn” offerings.
Launched in 2023, players assume the role of Mercenary Extraction Force (MEF) Operators in a post-asteroid-impact world, battling for valuable resources across a perilous “Zone.” Shrapnel reached a key milestone as the game was added to the Epic Games store in February 2024.
Shrapnel is developed by veteran game developers with experience in titles like Halo, Call of Duty, and Ghost of Tsushima.
Shrapnel Gameplay & Token Utility
- Extracting Resources: Players compete to locate and secure “Meteorite,” a valuable resource while navigating environmental hazards and eliminating other operators.
- Play-to-earn: SHRAP tokens are earned through gameplay (winning matches, creating content) and can be used to purchase in-game items, cosmetics, and maps.
- Decentralized Governance: SHRAP token holders govern the game’s future, voting on content updates, feature implementations, and platform direction.
Shrapnel’s AAA pedigree and unique blend of intense FPS action with play-to-earn and DAO features is enticing.
However, it’s important to note that the game is still in early access, and its long-term success depends on continuous development, balancing player-driven versus developer-controlled content, and maintaining a healthy in-game economy.
The potential for rewards within the “best play-to-earn” category is promising, but caution is advised, as with any volatile crypto-based game.
| Ticker | SHRAP |
| Description | Play-to-earn AAA FPS with resource extraction & DAO governance |
| Blockchain | Avalanche |
| Market Cap | $35.7 Million |
| Launch year | 2023 |
7. Star Atlas – Space Sim and RPG With Fully On-Chain Economy
Star Atlas (ATLAS) is an ambitions new play-to-earn game with fully on-chain economy built on Solana. Having on-chain economy means that what ever you do in game – mine, craft, build or destroy – is reflect on chain and can’t be changed. With multiple game modes being launched, the on-chain economy is the crucial part.
Currently, you can play Star Atlas in a browser where you can set up mining operations and assist your faction in gaining control over the other factions. You can also play in Unreal Engine 5 version where you can fly the ships you own or test the game in pve first-person shooting.
Soon the game will launch a mobile app where you can level up your ship crew members by doing various activities in real life. These crew members can be sold on the marketplace or used in your ships.
Star Atlas Gameplay & Token Utility
- On-chain economy: The entire Star Atlas economy is built fully on-chain, making it the only play-to-earn game with this feature.
- Play-to-earn (P2E) focus: Mine resources, craft items or scan for data units and sell them on the marketplace for profit.
- Token staking: You can stake the ATLAS token, which is the in-game utility token, to get discounts on the Galactic Marketplace and earn rewards.
Star Atlas is one of the few games that kept building during the bear market. This year, it will show its work with few releases, including the mobile app, multiplayer racing pvp game that can support thousands of players simultaneously – thanks to the MetaGravty partnership – experimental modes, as well as first-person shooting modes.
The team recently sold two Titan ships worth $5 million each, which shows massive investor and player support. In March 2024, the in-game Galactic Marketplace saw over $3 million in assets traded.
| Ticker | ATLAS |
| Description | Play-to-Earn Game With Fully On-Chain Economy |
| Blockchain | Solana |
| Market Cap | $118 Million |
| Launch year | 2021 |
8. Parallel – Popular Card Trading Game With Play-to-Earn Mechanics
Parallel (PRIME) is a free-to-play game with play-to-earn mechanics thanks to its native token PRIME. This is a card trading (CTG) game with full asset ownership via NFTs. The game is built on Ethereum and you need ETH to buy the cards you want.
In combination to the card game, the team is currently building an AI-powered survival simulation game that is set to redefine gaming. Also, the game will launch on the popular Steam platform where you can add it to your wishlist now.
Parallel Gameplay & Token Utility
- Asset ownership: The game uses NFTs to represent the gaming cards, which provide full asset ownership. When you no longer want to play, sell your assets and move on.
- Play-to-earn mechanics: The PRIME token is used for governance but is also earned by winning matches. You will later need PRIME to create AI avatars for the new AI-powered survival simulation game.
The total token supply of PRIME is 111,111,111,111 and the game doesn’t have any burning mechanics. Instead, it redistributes the token into different contracts to balance the game economy.
Parallel Alpha card collection is available for purchase on OpenSea and has a floor price of 0.0004 ETH (~$1.28).
| Ticker | $PRIME |
| Description | Free-to-Play and Play-to-Earn TCG Game |
| Blockchain | Ethereum |
| (Fully diluted market cap) | $887 million |
| Launch year | 2023 |
9. Yield Guild Games – A Project that invests in other Play-to-Earn Games
Yield Guild Games (YGG) is a decentralized gaming organization (DGO) focused on play-to-earn (P2E) blockchain games.
It operates as a guild, acquiring and managing in-game assets like NFTs and scholarships for members to borrow and use in various P2E games.
YGG also invests in promising P2E projects, aiming to influence the development of the play-to-earn ecosystem.
Yield Guild Games Gameplay & Token Utility
- Scholarship Program: YGG provides scholarships to players who lack the initial capital to play P2E games. Scholars borrow in-game assets, earn rewards, and share a portion with the guild.
- Investing & Governance: YGG invests in promising P2E projects, exposing members to the sector’s potential growth. The YGG token grants voting rights on guild decisions and future project investments.
- Community & Reputation: YGG fosters a vibrant community through events, tournaments, and social media platforms. Its reputation system rewards members for contributions and achievements, building a trusted network of players.
YGG holds a unique position in the P2E space due to its scholarship program, investments towards ecosystem growth, and community collaboration.
However, the success of YGG’s model is heavily dependent on the performance of individual P2E games and the overall health of the blockchain gaming market. Additionally, the token’s price volatility might not appeal to risk-averse investors.
| Ticker | $YGG |
| Description | Decentralized gaming guild facilitating P2E access and investment |
| Blockchain | Ethereum |
| (Fully diluted market cap) | $433.5 Million (as of January 23, 2024) |
| Launch year | 2020 |
How can I determine the best P2E blockchain-based games?
Regarding play-to-earn games, what is considered the best is subjective. However, certain factors can make the experience more rewarding and sustainable.
Let’s explore the key indicators that set the diamonds apart from the rough.
Play-to-Earn Payouts
High earning potential: Seek games with strong tokenomics and a healthy user base, where inflation does not dilute the rewards generated through gameplay. Look for games with active trading volumes for your earned tokens.
Transparency: Games with publicly available data on token distribution, rewards pools, and burn mechanisms are preferable. This fosters trust and allows you to make informed decisions about your investment.
Multiple Earnings Channels
Multi-pronged approach: Games offering multiple ways to earn, like breeding, crafting, land ownership, and staking, provide greater resilience and reduce reliance on a single income stream. This mitigates risk and offers more opportunities for different player skill sets.
Passive income potential: Look for games with features like staking or land ownership that generate passive income while not actively playing. This can significantly boost your overall earnings.
Liquidity Pools
Seamless transition plan: Ensure the game’s earned tokens have ample liquidity in reputable exchanges. This allows you to readily convert your tokens into fiat currency or other cryptocurrencies without significant price slippage.
Community-driven markets: Games with active peer-to-peer marketplaces for in-game assets (NFTs) offer greater flexibility and potentially higher returns than relying solely on exchanges.
Payout Frequency
Streamlined Rewards: While some games offer hefty quarterly rewards, receiving smaller, more regular payouts provides greater flexibility and allows for quicker reinvestment or spending.
Predictability: Games with predictable payout schedules and reliable reward mechanisms foster trust and allow you to plan your financial strategies effectively.
Beyond the numbers
Maximizing profits shouldn’t be the sole focus when choosing a play-to-earn game. These additional factors contribute to a more well-rounded and enjoyable experience:
- Security audits: Choose games with smart contracts audited by reputable security firms to minimize the risk of hacks and exploits.
- Active community: A vibrant and engaged community is crucial for the game’s long-term success and can provide valuable support and insights.
- Intuitive Gameplay: Choose games that offer intuitive and user-friendly interfaces, especially when you’re new to the play-to-earn space. Complex mechanics can limit your enjoyment and deter casual players.
Ultimately, the “best” play-to-earn game is the one that aligns with your individual risk tolerance, investment goals, and gaming preferences. Do your research and weigh the factors discussed above.
‘HODL’ or Sell while playing?
Play-to-earn games have ignited a fire in the crypto-verse, blurring the lines between entertainment and financial opportunity.
But the question often arises: “Do I hold onto my in-game assets (HODL) hoping for potential future appreciation or actively play and earn cryptos to sell now?” Both options have fascinating possibilities, but the answer isn’t straightforward. Let’s examine each approach’s merits.
Stake for Passive Income
Many P2E games offer staking mechanisms, allowing you to lock up your tokens or NFTs and earn passive rewards.
It’s like crypto farming, where your digital assets yield additional tokens regularly. This generates a steady stream of income without the effort of actively playing.
However, staking rewards vary depending on the game and market conditions. They can be lucrative during bull markets but dwindle during bearish markets.
Remember, staking entails temporary illiquidity of your assets, so consider your risk tolerance before diving in.
Stay Alert for NFT Price Surges
Non-fungible tokens (NFTs) in play-to-earn games often represent unique characters, items, or land plots. Their value can fluctuate based on their in-game utility, rarity, and overall ecosystem activity.
The Donald Trump NFT Collection is a prime example, with some rare NFTs selling for over 6 ETH (around $2,300).
Although the profit potential is attractive, it’s important to remember that the NFT market is highly unstable.
It is important to note that while there have been extraordinary cases of NFT collections surging and selling for millions of dollars, this is not a guaranteed outcome for all NFTs. The value of an asset can decrease as rapidly as it increases.
Earn and Sell Crypto, Including NFTs
Active play is another path to earning. Completing quests, winning battles, and engaging in competitive play often reward players with the game’s native token or NFTs.
You can then sell these earned assets on crypto exchanges or dedicated marketplaces to turn your virtual exploits into real-world profits.
This “cash out while you can” approach provides immediate gratification and minimizes exposure to potential value decline. However, it sacrifices the long-term appreciation potential of your assets.
Remain Vigilant
The P2E landscape is dynamic, with new games appearing and disappearing almost daily. Not all projects endure the test of time. A game’s popularity and, consequently, the value of its in-game assets can plummet if player interest dwindles or the underlying tokenomics don’t sustain the ecosystem.
Therefore, consider selling your earned cryptos and NFTs regularly, especially if you’re concerned about the game’s longevity. This mitigates the risk of being left holding depreciating assets in a dying game.
The Verdict: Ultimately, the “HODL or Sell” dilemma is a personal puzzle with no universal solution. Your decision depends on your risk tolerance, financial goals, and circumstances.
To wrap up, here are some final suggestions:
- Diversify: Don’t put all your eggs in one basket. Spread your investments across different games and asset types to mitigate risk.
- Do your research: Thoroughly research any P2E game before investing. Understand its tokenomics, gameplay mechanics, and community sentiment.
- Stay informed: Be updated on the P2E landscape, market trends, and individual game developments to make informed decisions.
P2E crypto games comparison chart
| Project | Chain/s | Max supply | Staking rewards | In-game rewards | Security audit | Dev. Phase |
|---|---|---|---|---|---|---|
| Sponge V2 | Ethereum | 150B | 278% APY (Rate is dynamic) | Sponge V1 | ✔️ | Pre-sale |
| Green Bitcoin | Ethereum | 21M | 350% APY (Rate is dynamic) | $GBTC, Limited-edition NFTs | ✔️ | Public sale |
| eTukTuk | BNB Smart Chain | 2B | 383% APY (Rate is dynamic) | $TUK | ✔️ | Pre-sale |
| Hypeloot | Ethereum | 100M | – | $HPLT/$USDC | ✔️ | Active |
| Shrapnel | Avalanche | 3B | 20% APY | SHRAP tokens and NFTs | ✔️ | Alpha |
| Star Atlas | Solana | 360B | N/A | $ATLAS | ✔️ | Active |
| Pallarel | Ethereum | 11B | N/A | $PRIME | ✔️ | Active |
| Yield Guild Games | Ethereum & Polygon, Immutable X (To address scalability issues) | 1B | 9.9% APY | YGG tokens | ✔️ | Active |
Are Play-to-Earn Games worth Your time?
Play-to-earn (P2E) games have become a hot topic in the crypto and gaming spheres. The promise of earning cryptocurrency while enjoying a fun pastime is undeniably alluring.
While the financial potential is a significant draw, it’s important to remember that P2E games are not guaranteed money machines. The market for in-game cryptocurrencies can be volatile, and initial investments may not translate into substantial gains.
However, for some players, the potential rewards have outweighed the risks, with certain P2E games showcasing remarkable price increases that transformed early adopters into crypto millionaires.
Here are three compelling examples of P2E games where early adopters struck gold:
- Axie Infinity (AXS): This Pokémon-inspired game launched with AXS tokens hovering around $0.10 in 2018. Fast forward to November 2021, and AXS peaked at a mind-blowing $165. This 1,650x return on investment (ROI) made Axie Infinity one of the most profitable P2E games ever, turning early adopters into crypto legends.
- Decentraland (MANA): This virtual world platform’s MANA tokens began trading at around $0.02 in 2017. By November 2021, MANA had reached an astonishing $5.85, representing a 29,250x ROI. Decentraland’s meteoric rise was fueled by the burgeoning metaverse craze, proving that P2E games with unique features and strong communities can experience incredible growth.
- The Sandbox (SAND): This voxel-based metaverse platform launched with SAND tokens valued at around $0.01 in 2020. By November 2021, SAND had surged to a high of $8.40, a staggering 84,000x ROI. The Sandbox’s focus on user-generated content and partnerships with major brands like Atari and Adidas propelled its token to dizzying heights.
These success stories, while tempting, represent the exception rather than the rule. For many P2E players, the grind of earning in-game tokens is met with meager rewards, often failing to cover the initial investment in assets like NFTs.
The volatile nature of the crypto market can further erode potential profits, making P2E games a risky proposition for those solely focused on financial gain.
Risks and Considerations
The P2E landscape is dynamic and volatile. Several factors can influence a game’s token value, including:
- Gameplay and Community: Engaging gameplay, a thriving community, and constant updates are crucial for long-term success. Games that fail to captivate players will likely see their tokens decline.
- Market Fluctuations: The entire cryptocurrency market is susceptible to fluctuations. A general downturn can drag down even the most promising P2E projects.
- Sustainability and Tokenomics: The game’s economic model and token distribution are vital. Unsustainable models or inflationary tokenomics can lead to devaluation.
Where to Buy the Best P2E Blockchain-Based Games
Digging further – into decentralized exchanges (DEXes) reveals a more dynamic environment characterized by peer-to-peer transactions.
Platforms like Uniswap and PancakeSwap operate on liquidity pools, where token values are determined by algorithms based on supply and demand. While this landscape offers potential rewards, it comes with heightened volatility and associated risks.
For a more curated trading experience, specialized marketplaces like Star Atlas Galactic Market can provide a secure space for direct player-to-player transactions.
When deciding on a crypto-gaming platform, it’s imperative to compare the fee structures and prioritize security. You must choose a platform that places great emphasis on user safety and boasts robust security measures.
Avoid being swayed by excitement and take the time to delve into the game’s tokenomics, roadmap, and community to evaluate its long-term viability before committing any funds.
Remember, the crypto-gaming landscape is continuously evolving, so always conduct thorough research to protect yourself and proceed with caution.
How to Buy P2E Tokens
Buying your chosen tokens requires the completion of a few easy steps. Here’s a step-by-step guide on how to get started:
Step 1 – Identify a Suitable Cryptocurrency Exchange
To purchase tokens, start by identifying a suitable cryptocurrency exchange platform—research reputable exchanges with a user-friendly interface and positive reviews.
Popular choices include Binance, Coinbase, and Kraken. Once you’ve chosen a platform, create an account by providing the necessary personal information and completing the verification process.
Step 2 – Fund Account with Suitable Payment Method
After your account is verified, deposit funds into it. Most exchanges accept fiat currency (USD, EUR, or GBP) or other cryptocurrencies as deposits. Choose the preferred method and follow the instructions to add funds to your account.
Be mindful of deposit fees and processing times associated with different payment methods.
Step 3 – Locate Token
Now that your account is funded locate the token you want to purchase. Exchanges typically list various tokens, and you can use the search function to find your desired one.
Once found, check the current market price and any relevant trading pairs. Some tokens are paired with major cryptocurrencies like Bitcoin or Ethereum.
Step 4 – Buy Token
Initiate a buy order when you’ve chosen the token and trading pair. Specify the amount of the token you want to purchase and set any additional parameters, such as limit or market orders.
Double-check the details before confirming the order. Market orders execute immediately at the current market price, while limit orders allow you to set a specific price you’re willing to buy.
Step 5 – Monitor token Performance
Monitor your purchase in the portfolio section of the exchange. Your acquired tokens will be reflected in your account balance. Consider transferring the tokens to a secure wallet for added security, especially if you plan to hold them for the long term.
The cryptocurrency market can be volatile, so stay informed about market trends and be cautious when making transactions.
Our Verdict on the Top P2E Crypto Games
Choosing the “best” P2E game depends heavily on your preferences and risk tolerance. Each contender offers unique features, gameplay mechanics, and earning potential. Here’s a neutral breakdown of your current lineup:
Some games may offer top-notch earnings for a limited time. There have been incidents where early stakers and liquidity providers were able to significantly elevate their earnings.
Ranking the best P2E blockchain-based games: Our Methodology
In evaluating play-to-earn crypto games for 2024, our methodology involves a comprehensive analysis that considers various key factors.
Firstly, we scrutinize each game’s blockchain technology, examining its scalability, security, and decentralization. A robust and secure blockchain ensures a trustworthy gaming environment.
Player engagement is paramount, so we delve into the game’s mechanics, exploring gameplay variety, graphics, and user interface. Immersive experiences often lead to sustained player interest.
Additionally, we consider the in-game economies, evaluating the tokenomics and how seamlessly players can convert their in-game earnings into real-world value.
Community feedback plays a pivotal role in our assessment. We scour forums, social media, and community channels to understand player sentiments, addressing concerns about the game’s development, updates, and overall satisfaction. A thriving and supportive community often indicates a game’s potential longevity.
Smart contract audits are integral to our methodology, ensuring the security and integrity of the underlying code. Games with transparent and audited smart contracts are less susceptible to exploits or vulnerabilities.
Furthermore, we assess the project’s roadmap, development team, and partnerships. A clear roadmap signifies a project’s commitment to long-term success, while a skilled and experienced development team enhances the likelihood of timely and effective updates.
Our methodology blends technical analysis, player-centric evaluation, community sentiment, and fundamental assessments.
The convergence of these factors allows us to present a comprehensive overview of the best play-to-earn crypto games for 2024, offering readers insights into the most promising and innovative projects in the rapidly evolving landscape of blockchain gaming.
“Games and game engines are starting to move to the forefront of the metaverse. I would extend this to any of the major crypto projects. Bored Apes, CryptoPunks, Axie Infinity, everything that’s happening at Dapper Labs — it’s very clear that games are the centerpiece here.”
Matthew Ball, Managing Partner at EpyllionCo & Makers Fund
References
- https://finance.yahoo.com/news/blockchain-gaming-market-garner-818-154400628.html
- https://www.globenewswire.com/en/news-release/2023/05/25/2676266/0/en/Blockchain-Gaming-Market-worth-65-7-billion-by-2027-growing-at-a-CAGR-of-70-3-Report-by-MarketsandMarkets.html
- https://cryptopotato.com/web3-gaming-projects-see-600m-in-investments-in-q3-pushing-tally-to-2-3b-ytd-report/
FAQs
Can crypto games generate real money?
Yes, you can! Play-to-earn games reward players with cryptocurrency and NFTs which can be traded for real money on exchanges. However, earnings vary greatly depending on the game, time invested, and market conditions.
How Much Money Can You Make from p2e Games?
Earnings can range from a few dollars to potentially thousands, but it’s crucial to remember that P2E is not a guaranteed income source. Treat it like a hobby with potential rewards, not a replacement for a job.
Is It Possible to Generate Income by Playing Games without Spending Money?
While earning significant income might be tricky, several options exist to make some cash playing games without initial investment:
Game apps: Platforms like Mistplay reward you for playing specific games, offering points redeemable for gift cards or cash.
Streaming: Build an audience on Twitch or YouTube, showcasing your gaming skills and garnering donations or ad revenue.
Esports tournaments: Compete in free-to-enter esports tournaments with cash prizes for skilled players in games like Fortnite or League of Legends.
Content creation: Craft engaging gaming-related content like guides, reviews, or funny montages for platforms like YouTube or TikTok and monetize through ads or sponsorships.
Is Daily Play Required to Start Earning?
Some games offer passive income options like staking, but actively playing usually boosts earning potential. The more time and effort you dedicate, the greater your chances of earning more.
How Can I Start Making Money through Crypto Games?
Research different P2E games, considering your preferred gameplay and investment level. Choose a game you enjoy playing, as sustained effort is key.
Understand the game’s tokenomics and earning mechanics. Invest in game assets if required, starting with smaller amounts to mitigate risk.
Join the game’s community and learn from experienced players.
Is there a high demand for play-to-earn crypto games?
P2E is still a niche genre, but it’s experiencing rapid growth and attracting millions of players globally. This trend is expected to continue as the technology and game experiences improve.
What Is the Highest-Earning Crypto Game??
Determining the absolute “highest-earning” crypto game is difficult due to market fluctuations and varying income streams.
