Crypto Gaming: Complete Guide

The gaming sector is adopting cryptocurrency, changing how players interact with virtual items, and offering new ways to profit from their abilities.

This guide will explore the topic of crypto gaming. We’ll go over the core concepts, explain how to play, and suggest crypto games you could try.

What Is Crypto Gaming And How Does It Work?

Crypto gaming is an industry that combines classic gaming with blockchain technology. The concept of crypto gaming revolves around games that generate profits for players. A crypto game is one that incorporates cryptocurrency into its gameplay, allowing players to earn digital assets.

Crypto gaming uses cryptocurrencies as in-game currency to buy and trade virtual goods, characters, or land. These games allow players to acquire tradable crypto or NFTs through gameplay. Therefore, users have the possibility to earn money directly while playing.

There are two main types of crypto games:

• Play-to-Earn (P2E): Players can earn crypto or gaming tokens by completing quests, battling opponents, or contributing to the game's ecosystem. Those digital assets can be used within the game or traded on exchanges.
• Play-and-Own: These games emphasize the actual possession of in-game assets, which are depicted as NFTs. NFTs confirm ownership of virtual land, weapons, or characters. Gamers can buy, sell, or trade these NFTs in-game or on external platforms.

Integration of Cryptocurrency and Gaming Industry

Cryptocurrency is becoming closely connected with the gaming sector. First off, as we’ve already mentioned, such games utilize blockchain technology. A blockchain-based game is built on blockchain technology to guarantee transparency, security, and player control over in-game assets.

Many of those games have their own native tokens, or altcoins. A gaming altcoin is a cryptocurrency built for gaming that powers platforms, in-game purchases, and unlocks special content. In turn, a gaming token is a digital currency within specific games or platforms used for buying things, earning rewards, and community governance.

Besides, players can participate in game governance through DAOs, influencing game development and decisions. For instance, players can vote on game updates or even its future direction in general.

Here’s how to play crypto games:

• Choose a Crypto Game and Install It
• Create a Crypto Wallet
• Set Up an In-Game Account
• Purchase Necessary Cryptocurrencies (if needed)
• Understand Game Mechanics
• Start Playing and Earning

Once you’ve picked the game, you can learn what crypto wallet is needed to play. Please take note that certain games require downloading, while others are played online. Additionally, some games necessitate the acquisition of certain tokens to begin playing, but not all of them. Make sure to check those terms before committing.

Most Popular Crypto Games

Given that crypto gaming is a growing sector, there are numerous games that deserve your attention. The most popular ones include:

• Axie Infinity

This one was among the early P2E games. It combines monster battling with a unique twist: the monsters, Axies, are NFTs that players can collect, breed, and fight with. Winning battles and completing activities earns players Smooth Love Potion (SLP) tokens, which can be converted into real-world currency.

• My Neighbor Alice

This charming, community-driven game lets players build and personalize their dream islands, interact with neighbors, and explore a vibrant virtual world. Players can acquire ALICE tokens by accomplishing tasks, joining events, or exchanging in-game items.

• Gods Unchained

It's a game that integrates classic card gaming with blockchain technology. Players build decks, face opponents, and collect special cards. The game's focus on players owning cards and the possibility of card values rising has drawn in a committed group of players.

• Decentraland

Utilizing Ethereum blockchain technology, this game enables players to buy and possess virtual land parcels in the form of NFTs. Then these digital properties can be customized and developed into interactive experiences. The native token, MANA, enables both in-game transactions and decision-making processes.

• The Sandbox

This game allows players to buy virtual land plots as NFTs and create their own activities on them. SAND tokens fuel the game's economy, enabling users to buy items, style avatars, and participate in decision-making. With a focus on user creativity, it offers a rich toolkit for designing and personalizing virtual worlds.

Rise Of Notcoin

Notcoin is a Telegram-based game and cryptocurrency that has become extremely popular in recent months. It has gathered over 35 million active users and now ranks as one of the top 10 cryptocurrencies in terms of trading volume. Its success can be credited to various factors, such as:

• Accessible Gameplay: The game has simple tap-to-earn gameplay that requires minimal skills.
• Referral-Driven Growth: It is all about earning perks and rewards by referring your friends to join, which is how it got so many players.
• Telegram Integration: Telegram has over 500 million active users, and its integration with it made the game super accessible.
• Transition to a Tradable Cryptocurrency: Being listed on major crypto exchanges has made Notcoin a potentially valuable token.
• Gamification of Crypto: Notcoin has made it fun and easy for users to participate in the crypto space.

Naturally, tap-to-earn mechanics has quickly become a major trend. Here are some games similar to Notcoin:

• Hamster Kombat: It’s the latest TON game that has leveraged the success of Notcoin. The game puts you in charge of a virtual crypto exchange and allows you to get bonuses for inviting friends. Playing it, you earn HMSTR coins that will be tradable after an airdrop.
• PixelTap: That’s a clicker combat game where you can earn in-game coins by upgrading your monsters and battling with other users.
• Blum: In this game, you collect Blum points through various activities like daily visits or friend invitations. These points can be used to play a built-in mini-game.
• TapSwap: It allows you to earn TAPS shares by tapping the screen and engaging in various activities. Those shares can be converted to tradable TAPS tokens in the future.
• Catizen: This game lets you earn Catizen coins by developing your city and completing missions. The upcoming airdrop will make the coins eligible.

Gaming Companies Accepting Crypto

At present, many gaming companies are open to receiving cryptocurrency as payment. We have previously studied how to buy games using Bitcoin, but other tokens can also be used. Gaming companies that have incorporated or tested out crypto payments include:

• Microsoft: While not directly accepting crypto for all game purchases, you can buy Xbox gift cards using cryptocurrencies. This provides a pathway for gamers to indirectly spend crypto on games.
• Sony: It also does not accept crypto directly but allows you to buy PlayStation gift cards via specific platforms.
• Nintendo: A famous Japanese company allows you to purchase gift cards using various tokens.

Can I Make Money With Crypto Games?

The P2E aspect of blockchain games has drawn in numerous players. Nevertheless, it is important to have reasonable expectations when approaching such games. Although there is a chance to make money from playing games, it's not guaranteed. These factors will affect your profits:

• Investment: Certain cryptocurrency games may necessitate an initial investment, such as acquiring NFTs before you are able to play.
• Price Fluctuations: The prices of cryptocurrencies and in-game tokens can fluctuate quickly, affecting the returns you make.
• Time Commitment: Earning substantial rewards in P2E games often requires a significant time investment.

Are Crypto Games Legit?

The increasing interest in crypto games is attractive, but you should also assess the possible dangers. Some crypto games are legit and provide real chances to make money, yet it is essential to be cautious of fraudulent schemes and conduct thorough research prior to committing any time or funds. The risks of crypto gaming are:

• Rug Pulls: Developers can suddenly shut down games, leaving players with worthless investments.
• Scams and Hacks: There's a risk of scams and cyberattacks which can lead to a loss of in-game earnings.
• Volatility: Fluctuating crypto prices can impact the value of gaming assets.
• Regulatory Uncertainty: Shifting regulations may affect a game's legal status, operations, and player holdings.

That was our exploration of the crypto-gaming industry. While there are risks involved, reputable games allow you to enjoy fun gaming mechanics while earning valuable digital assets.

We hope this guide was helpful. Send in your questions and thoughts below!