How to Choose the Right Play-Win (P2E) Game

It's no longer a secret that gaming has grown from a simple hobby to a multi-billion dollar industry. Crypto games are valued at over $300 billion due to the influx of new players seeking social interaction.

With the rise of the blockchain, the industry paradigm has changed. Instead of just money going to game developers and distributors, gamers can now generate income from cryptocurrencies or non-tradable tokens (NFTs) using their computers or smartphones in games earned by playing.

Before getting started with P2E play-to-win NFT-based crypto games, it is essential that you know how they work and how you can reclaim your time spent on the games.

What is the Logic of Win-As-Play (P2E) Games?

In many games – especially Massively Multiplayer Online (MMO) games – players collect digital items to further their progression. These; may include in-game items such as weapons, property, or wearables. They are usually earned as rewards for completing missions and challenges, or obtained from loot boxes purchased with real currency. Items, from various skins to in-game currency, allow players to customize their characters with new outfits and better equipment, but none of them can be sold to other players for cash.

That's where win-win games – or GameFi – come in. Leveraging the immutability of blockchain technology, game designers can create in-game items and rewards that prove to be unique and transferable. Rewards can range from earning local digital currencies to collecting NFTs or betting to win. In turn, coins can be issued to crypto wallets for conversion to fiat currency such as US dollars, while NFTs can be sold to other players via in-house trading platforms or secondary markets.

For example, the popular play-to-win game Axie Infinity allows players to buy, fight and craft virtual creatures (called “Axies”) that are only minted on the Ethereum blockchain. Since each Axie is represented by an NFT, it can be traded peer-to-peer using cryptocurrency.

How to Choose the Right Play-Win (P2E) Game?

Once you understand how play-to-win games work, you can start looking for the one (or a few) that works best for you. With hundreds of play-to-win games currently on the market (and hundreds in development) the question is, how do you find the best one for you?

The key is to understand the game's system correctly. Before starting the P2e game, you need to understand how the prizes are paid for the game, how you can convert in-game coins to other cryptocurrencies and what you really want to get out of your experience, find a game accordingly and be acceptable to people in that game. If no one likes or shows a lot of interest in a game that you like very much, the chance of increasing the rate drops considerably.

Set your goal and make a decision: Want coins? NFT? or both!

Each play-to-win game offers players rewards in different ways. Most games offer rewards in a combination of NFTs and in-game cryptocurrency that can be traded and sold to other players or external traders. In some rare cases, players can earn popular currencies for their games.

When getting started it's important to understand how to earn rewards for the game and how long it will take to earn them. Some require simple tasks to earn NFT, while others require a larger investment to be rewarded.

How Easy Is It To Convert Your Earned Coins To Cash?

While many play-to-win games are built on popular blockchains (like Ethereum and Polygon), converting them to another coin may not be an easy process. While NFTs may take time to sell, the values ​​of coins used in-game can fluctuate rapidly.

Before investing time in a game, do your research to understand how you can use your coins for real-world wins. Knowing how to transform your digital assets can help you decide if the game fits your goals.

How Much Money Do You Need to Spend to Start a Play-to-Win Game?

Like other video games, you'll usually need to purchase a starter pack that includes cryptocurrencies to get started with the play-to-win game. Depending on which game you decide to start with, your entry cost may vary. You won't need to make a purchase to start other games, but you will eventually have to spend cash to access premium features or win-win features. Cryptocurrency earned from games won by playing carries an inherent risk and there is no guarantee of return. Invest only what you can afford, knowing that getting a return may take some time (and you will never make a profit).

How Can I Find Current and Upcoming Games?

Once you've decided to dive into play-to-win games, your next step is to find one that fits your interests and price point. With over 400 active blockchain games online today, finding the best one for you is all about researching.

Two key places to watch for new win-win gaming options are data monitoring websites DappRadar and CoinMarketCap. DappRadar provides insight into the GameFi market by users and volume, while CoinMarketCap provides insight into a game's coin price trends, helping you determine the right time to get involved in a game.

How profitable are crypto games earned to play?

Earn-to-play games combine the fun of video games with the opportunity to earn real rewards for your time. But as with any financial product, there is no such thing as "typical" earnings, and your returns may vary.

While play-to-win crypto games are profitable, they often come with a cost of both initial monetary investment and time to learn the game and grow your investment. By doing due diligence and preparing to go a long way in your GameFi experience, it's possible to have fun and earn valuable cryptocurrency rewards for your time.

The key point here is not to invest in a friend's gas or act impulsively. It is very important that you research well and make the right decisions! I wish you all good luck.