The Play to Earn Crypto Games Guide for 2022 has been published by AvalancheWire, a crypto news channel. The GameFi guide explores the history of GameFi and specific instructions on how the average user can start playing. Intriguing metaverse projects including Sandbox, Decentraland and Cryptovoxels are also discussed.
Play to earn games are rising in popularity because of the amount of ownership and autonomy players experience. Blockchain-powered games like Axie Infinity and CryptoKitties are popular in that users create third creature NFTs. With the assets they create, players can leverage the game’s play-to-earn functionality, like selling their assets or leasing them out to other gamers to use.
Virtual worlds are spearheading the rise of emerging economies. The metaverse economy is growing and that’s because people are looking to take advantage of new investment and business opportunities in the virtual world.
In projects like Sandbox and Decentraland, users can monetize the plots they create in the same way real estate is bought and sold in the real world. Celebrities such as Snoop Dog have sold property in The Sandbox for upwards of $450,000 USD. As well, metaverses like Sandbox are partnering up with big brands such as Adidas, Nifty Gateway and Gemini.
“The metaverse and play to earn crypto games are exploding in popularity,” said Tim Robertson, AvalancheWire Publisher, “because they give users the ability to own and transfer valuable assets. We are creating new economies with this technology.”
NFTs are making the experience more valuable as players can transfer digital property and assets. The Metaflower Super Mega Yacht NFT sold for approximately $650,000. And virtual real estate in games like Sandbox is also attracting buyers, the case in point being a sale of $4.3 million for a plot inside the game. Games like Sandbox are racking up sales for both land and NFTs. Sales were $171 million in the last 30 days for Sandbox, a big percentage increase over the last month.
Quite distinct from many popular web applications, most GameFi titles do not use traditional usernames and password systems. Instead, users identify themselves via a Web 3.0 wallet they will need to provide when exploring the game. The wallet required to play GameFi titles depends on the network that is powering the game. For instance, Axie Infinity players will need to have an Ethereum compatible Web 3.0 wallet just like the one provided by Metamask.
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Release ID: 89056226