The next generation of platforms is being ushered in by play-to-earn games

CryptoNewsPipe
5 min readNov 7, 2021

https://cryptonewspipe.medium.com/membership
If you enjoy reading stories like these and want to support us as writers, join the community by becoming a member and you’ have unlimited access to all stories.

Games built on the blockchain that allow players to earn cryptocurrency as they play are ushering in a new era of gaming.
For good reason, the online gaming business has been on the increase in recent years. More people are spending more time online, thanks to a worldwide pandemic driving an online revolution and ever-increasing mobile and internet penetration.

It’s no surprise that the sector is huge business, with sales forecasted to exceed $20 billion in 2020. Experts predict that by 2025, there will be 1.3 billion active online gamers, up from an estimated 1 billion now.

The figures are self-evident. Gamers are so invested in their favorite games that they will pay hundreds of dollars to enhance their avatar or gain access to a sought in-game item that would give them an advantage.

Play-to-earn (P2E) games built on the blockchain are set to transform the game by providing a fair playing field for all participants, giving players ownership as well as a source of money and making the time they spend playing profitable.

Here are some of the most popular play-to-earn games now sweeping the gaming industry.
Axie Infinity
Due to its expanding popularity, Axie Infinity is leading the way for play-to-earn games, with over a million players joining on a daily basis. Axie Infinity’s phenomenal popularity is mostly due to the fact that gamers may earn real money while playing.

Axie Infinity is an Ethereum-based game with two modes: player vs environment (PvE) and player vs player (PvP). The player battles against the game’s built-in environment or creatures in PvE mode. A PvP mode is one in which the player competes against other players in a metaverse-like setting.

Players must get “Axies,” which are creatures that are meant to fight hordes of other little spherical monsters.

The game may be played on both desktop and mobile platforms, and it uses a play-to-earn approach in which each monster and item of equipment is represented by a nonfungible token (NFT).

The winners of the skirmishes take home the spoils of war in the form of Smooth Love Potions, a cryptocurrency (SLPs). The aim for players is to amass a collection of the most valuable and strong Axies, with the price of Ether (ETH) determining their worth.

Players can earn…