Best games to earn crypto in 2023. Top blockchain-based projects
1. How to earn cryptocurrency in games
2. How to choose a game for earning cryptocurrency
3. Best games for earning crypto
4. Risks of earning cryptocurrency in games
Earning cryptocurrencies by playing games is an emerging trend that is expected to grow significantly in 2023. As the gaming industry continues to expand, more and more games are incorporating blockchain technology to enable players to earn cryptocurrencies as rewards for their participation.
In-game tokens or cryptocurrencies earned through games can be traded for other cryptocurrencies or fiat currencies, providing an additional revenue stream for gamers. Some games offer players the ability to earn cryptocurrencies by completing specific tasks, while others offer a more passive approach through staking their in-game tokens or participating in tournaments and competitions.
One popular platform that allows users to earn cryptocurrencies by playing games is Axie Infinity. The game is built on the Ethereum blockchain and requires players to buy and breed digital creatures called Axies, which can be used to battle other players. Axie Infinity has a robust marketplace where players can buy and sell Axies, along with their in-game tokens called SLP (Smooth Love Potion). SLP tokens can be staked to earn more tokens or used to purchase other cryptocurrencies.
Another platform that is gaining popularity is Gala Games. It allows players to earn GALA tokens by participating in various games and activities on the platform. The tokens can be used to buy in-game items or traded on cryptocurrency exchanges.
Crypto mining games are another way to earn cryptocurrencies through games. These games require players to complete tasks such as solving puzzles or completing quests to mine digital currencies. A popular example is Rollercoin, which allows players to mine Bitcoin, Dogecoin, and Ethereum by playing mini-games.
In addition to standalone games, some blockchain-based gaming platforms offer an entire ecosystem where players can earn cryptocurrencies. One such platform is Enjin, which offers a suite of tools for game developers to integrate blockchain technology into their games. Enjin also has its own cryptocurrency, ENJ, which can be earned by participating in games and completing tasks.
Earning cryptocurrencies by playing games in 2023 is expected to continue to grow in popularity, providing a new and innovative way for gamers to monetize their skills and time. As the blockchain technology continues to mature, we can expect to see more platforms and games emerging in this space, providing more opportunities for players to earn cryptocurrencies.
How to earn cryptocurrency in games
- Find crypto earning games: The first step is to find games that allow you to earn cryptocurrency. You can search for crypto earning games online or browse through app stores for mobile games that offer cryptocurrency as a reward.
- Choose the game: Once you have found the game, read the rules and check the requirements. Choose a game that you are interested in and that you can meet the requirements of.
- Set up a wallet: Before you start playing, you will need a cryptocurrency wallet to receive your earnings. Choose a wallet that supports the cryptocurrency you will be earning and make sure to keep your private keys safe.
- Start playing: Follow the game rules and complete the tasks required to earn cryptocurrency rewards. Some games may require you to reach a certain level, while others may require you to complete certain challenges.
- Collect your earnings: Once you have earned cryptocurrency through the game, make sure to collect it into your wallet. Some games may have automatic payouts, while others may require you to manually request a withdrawal.
- Be mindful of fees: When you transfer your cryptocurrency earnings to your wallet, be aware of the transaction fees involved. Some games may charge a fee for withdrawing your earnings, and cryptocurrency networks may also charge a fee for processing the transaction.
- Keep playing: If you enjoy the game and find it rewarding, keep playing to continue earning cryptocurrency. Just make sure to keep your private keys safe and be mindful of any potential risks involved with crypto gaming.
How to choose a game for earning cryptocurrency
Earning cryptocurrency through gaming has become increasingly popular in recent years. Not only can it be a fun and entertaining way to earn some extra digital assets, but it can also help to diversify one's investment portfolio. However, with so many different games and platforms available, it can be difficult to know where to start. Here are some key factors to consider when choosing a game for earning cryptocurrency.
- Type of Game: The first thing to consider is the type of game you are interested in playing. Some popular options for earning cryptocurrency include strategy games, role-playing games (RPGs), and first-person shooters (FPS). Each type of game will offer different rewards and require different levels of skill.
- Crypto Reward System: Another important factor to consider is the reward system of the game. Some games offer in-game tokens that can be exchanged for cryptocurrency, while others offer direct payouts in cryptocurrency. Make sure to research the reward system of any game you are interested in playing to ensure it aligns with your earning goals.
- Game Reputation: It is important to consider the reputation of the game you are interested in playing. Look for games that have a strong following and positive reviews from other players. This will help to ensure that you are playing a reputable game that offers fair rewards.
- Game Security: The security of the game is also an important consideration. Look for games that use secure blockchain technology and have a robust security system in place to protect your cryptocurrency earnings.
- Availability: Finally, consider the availability of the game. Make sure that the game is available in your country and on a platform that you are comfortable using. Some games may also have certain age restrictions or other requirements, so make sure to read the game's terms and conditions before starting to play.
Overall, choosing a game for earning cryptocurrency requires careful consideration of the game's type, reward system, reputation, security, and availability. By taking the time to research and evaluate different options, you can find a game that aligns with your interests and earning goals while also protecting your investment.
Best games for earning crypto
- Axie Infinity: A popular blockchain-based game that allows players to collect, breed, and battle digital creatures called Axies. Players can earn the game's native cryptocurrency, AXS, by winning battles and completing quests.
- Gods Unchained: A trading card game that runs on the Ethereum blockchain. Players can earn the game's native cryptocurrency, $GODS, by winning matches and selling rare cards on the marketplace.
- The Sandbox: A virtual world where players can buy, sell, and build on land that is represented as non-fungible tokens (NFTs) on the Ethereum blockchain. Players can earn the game's native cryptocurrency, SAND, by participating in community events and creating and selling their own NFTs.
- Splinterlands: A collectible card game that runs on the Hive blockchain. Players can earn the game's native cryptocurrency, DEC, by winning matches and completing daily quests.
- CryptoBlades: A role-playing game where players battle monsters and earn the game's native cryptocurrency, SKILL, by completing quests and upgrading their characters.
- Alien Worlds: A blockchain-based game that allows players to mine resources and compete for control of planets in a virtual galaxy. Players can earn the game's native cryptocurrency, TLM, by mining and completing missions.
- Sorare: A fantasy football game where players collect and trade digital player cards on the Ethereum blockchain. Players can earn the game's native cryptocurrency, SOR, by winning tournaments and selling rare player cards.
These are just a few examples of the many games available for earning cryptocurrency. It's important to do your research and choose a game that suits your interests and play style.
Risks of earning cryptocurrency in games
Earning cryptocurrency through games can be an exciting and lucrative opportunity. However, it's important to note that there are also risks involved. Here are some of the risks you should be aware of before diving into the world of gaming for cryptocurrency:
- Security risks: When earning cryptocurrency through games, you'll likely be dealing with online wallets and exchanges, which can be vulnerable to hacking and other security breaches. Make sure to use reputable platforms and keep your security measures up to date.
- Regulatory risks: The regulatory environment surrounding cryptocurrency is constantly evolving, and there is always a risk that new regulations could impact the games you play and the cryptocurrency you earn.
- Market volatility: Cryptocurrency prices are notoriously volatile, which means that the value of the cryptocurrency you earn through gaming could fluctuate wildly. It's important to stay informed about market trends and to be prepared for the possibility of significant price swings.
- Technical risks: Cryptocurrency transactions can be complex, and if you're not familiar with the technical aspects of blockchain technology, you could be at risk of making mistakes that could result in lost earnings.
- Scams: Unfortunately, there are plenty of scams out there targeting people who are looking to earn cryptocurrency through games. Make sure to do your research and avoid any platforms or games that seem too good to be true.
To minimize these risks, it's important to take a cautious and informed approach to earning cryptocurrency through games. Make sure to do your due diligence and research the games and platforms you're considering, and always prioritize security and risk management.