Top 5 P2E Crypto Games: Transforming Players into Investors in 2024

In the past decade, gamers have spent countless hours perfecting their gaming skills, solving complex puzzles, and overcoming in-game challenges. What was the reward? Unfortunately, once a game ends, rewards and badges vanish without any real-world value. But what if your passion for gaming could translate into tangible earnings? This is where web3 games come into play, merging gaming with blockchain technology to revolutionize the gaming ecosystem. In this blog post, we will explore;

• What are P2E games and how do they work?
• Benefits of P2E for Players and the Gaming Industry
• How do P2E games transform players into investors?
• Top 5 crypto P2E games

What are P2E Games?

P2E, short for Play-to-Earn, represents a dynamic evolution in gaming, rooted in blockchain technology and the GameFi model. These innovative games enable players to earn cryptocurrency and valuable in-game assets with tangible real-world value, effectively shifting them from passive consumers to active participants in this ecosystem. Unlike traditional games, where players invest time and money without receiving tangible rewards, P2E games offer a revolutionary alternative. Here, passion for games can be transformed into real-world rewards, bridging the gap between virtual and physical realms.

How do P2E games work?

P2E games operate on blockchain technology, which ensures transparency and security in the processes, creating a trusted environment for players to trade and possess virtual assets securely. At the core of P2E games is a fair and balanced ecosystem where developers, investors, and gamers alike have the opportunity to earn cryptocurrencies. This is facilitated through various means, such as in-game purchases or ownership of Non-Fungible Tokens (NFTs).

• P2E games utilize blockchain technology to tokenize in-game assets into Non-Fungible Tokens (NFTs), granting players the ability to earn cryptocurrency or NFTs while playing and to own their in-game assets such as characters, skins, and virtual land.
• Play-to-earn crypto games establish a fair play and fair pay experience, benefiting players, developers, and investors within the game’s economy.
• The play-to-earn gaming model establishes a self-sustaining ecosystem, enabling players to buy, sell, and trade tokenized assets.
• Players participate in diverse in-game activities to earn valuable in-game items, tokens, or cryptocurrencies. Specialized marketplaces allow players to seamlessly trade their in-game items with other players, minimizing fees and hassle.
• Blockchain technology enhances P2E games by making them faster, cheaper, and more secure, ensuring the integrity and security of in-game transactions.
• Integrated marketplaces within games enable players to list their tokenized assets for sale, promoting a vibrant economy within the game.
• Communities often participate in decision-making processes, promoting a sense of ownership and involvement among players.

Benefits of P2E Games for Players

P2E games bring about a paradigm shift in the gaming industry, offering players a host of potential benefits. Here are some of them:

• Players have the opportunity to earn cryptocurrency or valuable in-game assets while enjoying their gaming experience, thereby creating a new income stream.
• Players gain ownership and control over their virtual experiences. They can trade or sell items such as characters, skins, or virtual land, further enhancing their crypto earnings.
• P2E games introduce a new layer of strategy and motivation. Players actively contribute to the in-game economy and can be rewarded for their time and effort.

Benefits of P2E Games for the Gaming Industry

The Play-to-Earn gaming model has brought about significant transformation in traditional gaming, offering numerous benefits to the gaming industry, including:

• The potential for earning within the game keeps players engaged and loyal, nurturing a thriving and dedicated player base.
• P2E games present a distinctive selling proposition, potentially attracting new players, especially those intrigued by cryptocurrency and blockchain technology.
• P2E games can foster community growth by encouraging players to collaborate on quests and share resources, thereby cultivating a more social and interactive gaming experience.
• The growth of P2E games holds the potential to substantially accelerate the adoption of blockchain technology within the gaming sector.

Top 5 P2E Crypto Games in 2024

In this section, we’ve compiled a list of the five best play-to-earn games in 2024, offering you the opportunity to enjoy immersive gameplay while earning virtual assets and other in-game rewards.

1. Polywin

Polywin is a platform that seamlessly combines cryptocurrency trading and gaming on the Polygon blockchain. It offers users a streamlined experience featuring 45-second rounds and instant rewards. With the ability to place bets within 30 seconds and receive a 15-second confirmation, users can stay confidently engaged in their activities. Notably, Polywin is distinguished by its commitment to transparency, boasting no house edge and emphasizing player-vs-player interactions. The platform is designed to cultivate trust and transparency, ensuring fair play for all participants. With its remarkable success rate, Polywin stands out as a leading play-to-earn platform on the Polygon network.

2. Axie Infinity

Axie Infinity is a popular play-to-earn game that enables players to earn cryptocurrency while enjoying gameplay. In the game, players breed and raise Axies, which they can then utilize for battles. Additionally, players have the option to purchase virtual real estate, which is minted as NFTs and available in the in-game marketplace. Players can sell their in-game assets and collect tokens, with the game featuring two unique crypto tokens: Axie Infinity Shards (AXS) and Small Love Potion (SLP). To participate, players require a crypto wallet compatible with the Ethereum blockchain platform, ETH, and a Ronin wallet. Axie Infinity is accessible across various devices, including PC, Mac, Android, and iOS. Despite reaching its peak in 2022 with 3 million monthly players, it currently boasts around 390,000 active monthly players over the last 30 days.

3. Decentraland

Decentraland is a virtual world where players can explore LANDS, create unique artworks, and trade digital assets like avatar wearables through the Decentraland Marketplace, which operates on the Ethereum blockchain. The game operates in a fully decentralized manner, with governance overseen by the Decentraland DAO. It features two primary crypto tokens:

• LAND: an NFT representing virtual real estate.
• MANA: a cryptocurrency used for purchasing in-game assets.

Decentraland is collectively owned by its users, who have both the responsibility for building and governing it. Players navigate the metaverse through their avatars and have the opportunity to earn income through various means, such as token purchases, avatar clothing designs, or grants from the Decentraland DAO. The game can be accessed via desktop only.

4. Gods Unchained

Gods Unchained is a free-to-play P2E trading card game that enables gamers to own their in-game assets. Players can collect cards, build their decks, and engage in trading or selling activities. To participate and earn rewards, players require the Gods Unchained Coin ($GODS), which serves as both a governance and utility token. The $GODS tokens hold real-world value and can be converted into fiat currency. Gods Unchained ranks among the top blockchain-based games and can be enjoyed with or without a crypto wallet. The game is built on the Ethereum platform, ensuring a secure and efficient gaming experience.

5. SkyWeaver

SkyWeaver is a cross-platform blockchain card game that blends strategic gameplay with a player-owned marketplace. In this game, players can win tradeable NFT cards within an alternate digital dimension known as Sky. As players, they become partial owners of SkyWeaver cards, which they can utilize to engage in battles against other gamers or trade with them. Additionally, the game features an in-game P2P decentralized exchange called the SkyWeaver Shop, enabling players to acquire and trade cards on platforms like OpenSea or Rarebits. SkyWeaver is accessible on both desktop and mobile devices. However, players must set up a cryptocurrency wallet to securely store their cards.

How Play-to-Earn Games Transform Players into Investors?

The play-to-earn (P2E) gaming model has blurred the lines between entertainment and potential financial reward. Here’s how P2E games are transforming players into investors:

1. Ownership of In-Game Assets

P2E games use blockchain technology to create NFTs, representing in-game items, characters, or virtual land. Players become owners of these digital assets, fostering investment and control. The value of these assets can fluctuate based on in-game demand and market forces, encouraging strategic investment decisions.

2. Earning Potential

Players have the opportunity to earn cryptocurrency through quest completion, in-game creature breeding, or participation in the game economy. These earned cryptocurrencies can be utilized for in-game purchases, traded on external marketplaces, or held as long-term investments, thereby transforming gameplay into an investor mindset and promoting active resource management.

3. Participation in a Decentralized Economy

P2E games often feature blockchain-powered marketplaces for NFT trading, enabling players to engage in trading without a central authority. Understanding blockchain’s real-world investment strategies allows players to capitalize on increased demand for certain assets. Learning about market dynamics is crucial for players to make informed decisions about buying, selling, or holding in-game assets, thereby fostering investment responsibility.

4. Increased Engagement and Retention

The potential to earn cryptocurrency and own valuable digital assets serves as a compelling incentive for players. As players become more vested in their digital assets, their approach to the game becomes more strategic, mirroring the behavior of investors actively managing their portfolios.

Game-Fi Development Services

If you have a traditional game and aim to thrive in the industry, BloxBytes can assist you in integrating blockchain technology into your game to create Play-to-Earn (P2E) experiences. Our gamefi development services focus includes designing a sustainable in-game economy, seamlessly integrating blockchain technology, establishing secure NFT marketplaces, and crafting engaging gameplay. Blockchain integration is essential for ensuring secure and transparent transactions for NFT ownership and cryptocurrency exchange. Our GameFi developers can help game studios create tokenomics models that reward players with in-game assets. In the gaming ecosystem, players can lend and borrow in-game currencies or assets. BloxBytes can integrate Decentralized Finance (DeFi) into games for this purpose. Our DeFi experts can design secure features, create a user-friendly experience, and ensure responsible implementation with clear communication and education for players about the inherent risks involved.

The Future of P2E Decentralized Games

The rise of play-to-earn (P2E) games has sparked a significant shift in the gaming landscape, offering players ownership, earning potential, and participation in a decentralized economy. As gamers increasingly recognize the financial opportunities presented by P2E games, the player base continues to expand, resulting in heightened competition and larger rewards. However, it’s crucial to remain mindful of the associated risks attached to these games, such as gambling, and engage with caution and responsible gaming practices.