Authored by: @hetty-rowan
Today let's take a look at the game changers in crypto. Because what we know better than anyone, there is crypto to be earned with GAMING. And let's face it, who wouldn't want that...
Earn money with blockchain games
Making money with crypto, every day there seem to be new things that you can do with this. So now, because blockchain games could just become the latest big hype in crypto, just like NFTs and shitcoins were before.
That's right, you heard it right. You can earn real money doing something you may have been doing every day for years: gaming. So for many, it can be a very interesting way to possibly generate some extra income with what they actually love to do.
What are blockchain games?
Blockchain games are, as the name suggests, games that use blockchain technology. This means, for example, that the items you use in the game, such as skins, cards or weapons, can be traded for cryptocurrency.
The blockchain makes it possible for these transactions to take place between players and according to many, blockchain technology is a technology that will really take the gaming industry to the next level.
New games pop up every day, but there are also many existing, established games that integrate blockchain technology into their game. An example of this is Fortnite.
Which blockchain games are there?
There are many blockchain games. There are many types of games, and you can make money with them in many ways. And I will just go over a few of the many games out there, because if I have to describe all the blockchain games ... Well, that would mean that I had to write a book instead of a blog. In short, that's simply not doable. There's too many and even while writing I'm sure that a new one is being developed. So let's just take a look at a few, so you get a bit of an idea.
Splinterlands
Duh, this is of course kicking in an open door. We are here in Leofinance on the Hive Blockchain, and who is not familiar with Splinterlands? Yesterday the message came through that Splinterlands is currently the NUMBER 1 on Dappradar.
Now that is of course a huge accomplishment, but understandable if you look at the enormous growth of recent times. And the success of Splinterlands will certainly provide a major benefit to the Hive Blockchain. One of the things that Splinterlands has as a huge advantage is of course that all transactions are FREE. And that is something that is still far too little known, and which even prevents me from trying many other games. It's just NOT FUN to have to pay fees for every transaction.
Now, I don't need to explain much about the gameplay of Splinterlands here. Almost everyone here knows it, and knows that there are many possibilities. But it is important to know that every card is an NFT, and that NFT is unique. Yes, unique, even if there are 1 million other cards in circulation, your NFT is still unique. Admittedly, that NFT is not worth as much as an NFT (card) of which, for example, there will only be 1000 ever. But still, your NFT is unique and no one else will be able to own that NFT as long as you have it.
Okay, you've bought cards (NFTs), and you want to play the game to earn some money. So what do you actually earn? Small sidenote, to really earn something, you will first have to make a one-time investment of 10 dollars in a Summoners Spell book. But in most cases this pays for itself fairly quickly.
There is a learning curve in the game, which I will not go into in this blog. But as soon as you start playing “Ranked Battles” you will also earn something. In the beginning this won't be much, but after a while if you own several cards, have cards with better abilities, the DEC earnings can still increase nicely and continue to count in your balance.
In addition to the DEC you can earn in the game, a system will soon be implemented where you can earn SPS. And of course you can also earn cards in the daily loot chests, and with the season end.
Hmmm, so all in all a game to make good money? Uhm yes, and at the same time you also have to be aware of the fact that you also have to invest a lot in it. In order to earn a lot in a fast way, in my opinion, you will first have to invest a lot yourself. If you don't go for the fast, but are looking for a long-term pastime where earnings are of minor importance ... then you can earn a nice amount for a small investment of 10 dollars, and a lot of hours. If you see it as a very nice side effect, and if you love the gameplay of Splinterlands.
Axie Infinity
Another blockchain game that has been hugely popular for a long time is, of course, Axie Infinity. Axie Infinity is a popular online blockchain game that was inspired by the wildly popular Pokemon. There are many possibilities in the game and players can save Axies. Axies are of course also NFTs.
The most important part of the game is the Battle. In this mode you can fight with your team of Axies against another team of Axies. You can then receive rewards for this, when you win of course.
The Battle mode is not the only mode in the game. For example, the Land mode will be coming soon. There is a world, called Lunacia, which is divided into pieces of NFT land. This land can be used, for example, to collect resources, but also to create them. These resources are NFTs and you can therefore sell them again.
You can already invest in this Land mode by buying a piece of land on the marketplace.
However, if you want to buy such a piece of land because you certainly believe in it ... then you will have to do a deep dive into your wallet. Not everyone will have this opportunity. The price for such a piece of land starts around 3.5 ETH. But we've seen money going around in gaming before. And this is just another example of that. Think positive if you buy a piece of land in Axie Infinity and want to sell it again. Then I expect that possibility will certainly be there. There is definitely a demand for it, you can see that when you look at the prices!
Zed Run
Another interesting blockchain game is Zed Run, which I came across in my search for Blockchain games. The game is still in beta, but it's already in full swing. This may make people known in the horse racing world happy. The game allows users to purchase an NFT horse. They can then use this horse in horse races.
In these horse races different horses race against each other. It's all about which horse gets to the finish line first. This horse then wins the prize pool of the race. This prize pool can come from the amount that everyone puts in, but there are also races that you can participate in for free.
You can also use your horses for breeding. They will then make baby horses and you can use these to race or to resell. If you look in reality at the racing world of horses, the foals of the winners are often highly sought after. It's probably not that much different digitally. So if you have a horse that is good and often wins races, your horse's foals are often in high demand and you can sell them for a lot of money.
The game has been booming in popularity lately and is definitely very popular on TikTok. I'm not on TikTok myself, but I hear something every now and then. It remains to be seen, but I am curious. Who knows what the game will bring us in the future. Perhaps the digital race horses are more expensive than the live variants…
God's Unchained
Another popular blockchain game is Gods Unchained. In fact, it is one of the first blockchain games to be released. This is also an NFT cards game. In Gods Unchained, different gods compete with each other.
These can be gods from the time of the Greeks and Romans, but also from Egyptian and Scandinavian mythology. In Gods Unchained you control the game. You choose which warrior you will fight with and which weapons you use.
Through Immutable X you can buy both gods and weapons in the form of NFTs. You can then use these NFTs in the Gods Unchained game. The prices of these are not that high and you can start quite cheaply. I can't write much more about this game because I don't know anything about it myself.
NOTE: As you can see, I have by no means mentioned all the games that can currently be played on the blockchain. And I don't even think I can do that because I don't even know all the games.
I can say that there are MANY games to be found if you just do some searching. For example, in addition to the games mentioned, you can think of; Apeminingclub, Rising Star, DCity, Brewmaster, Exode, Muterra, Mydefipet, Dragonary, Polkamon, Dogemon Go App, just to name a few.
The advantages and disadvantages of blockchain games
Like everything else, blockchain gaming has several advantages and disadvantages. A first advantage is that blockchain gaming is extremely secure. We all know by now how secure the blockchain is (you can read exactly how it works here!). When a game is built on the blockchain, it is likely that it is very safe. So it is. The chance that you will be hacked, for example, is virtually zero. That is of course very nice when, for example, you are building a whole 'portfolio' of fighters, Axies or race horses.
In addition, the money that comes with it is of course a very nice side effect. You will be paid quickly, unlike maybe with your boss 😉. In addition, there are often nice bonuses or special games that you can participate in, and the principle that you can earn money playing without being a professional is already very nice.
A disadvantage of blockchain gaming is that the games are not nearly as advanced as, for example, the games of Electronic Arts, Activision or Epic Games. As a result, some people often find blockchain games less fun to play than, for example, games from the aforementioned producers. As we know, developments in the world of blockchain gaming can go very quickly and we expect that the games on the blockchain will be just as good as regular games in no time. Time will tell us…
The risk of blockchain games
As with everything in crypto, you can also get into the wrong project with blockchain games. As we explained earlier, the principle of making money with blockchain games is mainly based on NFTs.
NFTs can of course appreciate in value, but also decrease in value. It is therefore possible that you purchase different NFTs, which are no longer worth anything a few days later. For example, if you buy 3 Axies for 0.2 ETH, it may just be that these Axies are only worth 0.05 ETH 3 days later. You never know.
So always be careful with this and do not think that there are only beautiful sides to blockchain games.
Conclusion
Blockchain games are on the rise in recent times. In my opinion, it is a very nice development within the world of crypto and it is a way to possibly earn some money with something that may have been your hobby all your life. Who doesn't want that now.
However, making money is not a guarantee, you can even lose money. Do it only because you like it and not with the intention of making a fortune with it.
