Although the idea of virtual game currency is not new, the development of blockchain technology has given crypto gaming creators the chance to incorporate real-world economics into their games.
By participating in and winning a game, cryptocurrency players can acquire non-fungible tokens (NFTs) or cryptocurrency, which become the player’s personal property.
1. Axie Infinity The “Axies” that players may acquire, breed, grow, fight against, and trade with other online users in this trade-and-battle play-to-earn game are Ethereum-minted NFTs. Axies come in various varieties, and countless ways to customize them exist.
When a user defeats another user, they are awarded Smooth Love Potion tokens, which they may exchange for the game’s primary utility tokens, Axie Infinity Shard tokens, by selling them.
2. Decentraland A virtual reality application called Decentraland enables users to create their 3D environment by purchasing land and constructing it there. Once a player purchases land, they are free to develop whatever they want on it, whether that be a brand-new game or a functioning online shop. Another option for players is to hire other users to guard their property when they are not around.
3. Alien Worlds The basic idea behind the future sci-fi adventure game Alien Worlds is to play, mine, and upgrade to create an immersive gaming experience. A player may catch NFT alien species and utilize them to dig or locate various goods in the game’s central theme. The likelihood of victory increases as a player makes more enhancements.
4. The Sandbox Users may construct, craft, and survive in this blockchain-based game’s blocky metaverse. The Sandbox players may purchase SAND in-game currency tokens to construct a home or a fortress or to engage in missions to get additional tokens. The Sandbox invites individuals to actively participate on the platform by buying and selling NFTs by fusing creativity, strategy, and survival abilities. Players can advance in level as they construct more goods.
5. Gods Unchained The same company that developed Immutable X, an Ethereum layer-2 scaling solution, also produced the game Gods Unchained. This indicates that the game utilizes Immutable X, a decentralized application platform (dApp) that allows peer-to-peer trading between decentralized apps (dApps) and supports up to 9,000 transactions per second (TPS).
Crypto gamers can earn non-fungible tokens (NFTs) or cryptocurrency by playing and winning a game, and those digital assets then become the property of the gamer. In many cases, in-game digital tokens can be exchanged for stablecoins on either centralized or decentralized cryptocurrency exchanges.