The cryptocurrency gaming industry is heating up, powered by revolutionary blockchain technology. The industry is now worth billions of dollars thanks to the ledger technology enabling exciting and engaging games as well as the trading of in-game items. Bumper rewards for winners have continued to attract more players.
The industry is attracting more gamers and investments thanks to play-to-earn games. While playing, gamers enjoy gameplay by breeding characters, conducting battles, and, most importantly, winning rewards on coming up on top.
The prospect of receiving some in-game currency that can be transferred to a crypto wallet or used to purchase NFTs continues to drive the emerging multi-billion dollar blockchain-powered gaming industry.
Below are some of the biggest games allowing gamers to earn some cryptocurrencies that can be transferred to crypto wallets or exchanges and traded for other altcoins?
Axie Infinity
The Ethereum based NFT game hit over $1 billion in sales in August last year with more than one million users. It is currently rated as the highest revenue-generating game around the blockchain scene. Axie Infinity is arguably the biggest and most popular blockchain-powered NFT game. The game leverages non-fungible tokens to enhance its gameplay.
The Pokemon-inspired game allows gamers to build creatures dubbed Axies that one can use to battle players in the arena or fight enemies in Adventure mode. It also shares some attributes to the once-popular Pokemon game as it allows people to collect monsters that one can breed or trade.
The monsters gamers get to collect to earn rewards exist as NFTs. Therefore, they can be sold within the platform. The value of NFT monsters accrued on the platform stands at over $50 million, affirming its growing popularity.
The blockchain game is powered by Axie Infinity Token (AXS) and Smooth Love Potion (SLP) tokens. Anyone who gets into the Axie Infinity leaderboard is entitled to some AXS token, while gamers that complete adventure mode can earn SLP tokens.
One must have some SLP and AXS token to breed an Axie, a non-fungible token with a unique set of body parts. The NFT can be sold for between $100 and $1,000
Decentraland
Decentraland is another Ethereum blockchain-powered 3D game that is shaping the emerging industry. Gamers can explore lands, create unique avatars, and enjoy one-of-a-kind experiences.
It also comes with the MANA coin, an in-game token that one can use to buy and sell in-game items and enjoy various activities. Unlike most blockchain games, Decentraland has carved a niche for itself by enabling gameplay on virtual reality experiences. In this case, gamers can enjoy gaming beyond ultra-quality graphics.
In addition to offering a platform whereby people can play different kinds of games, Decentraland also acts as a platform where people can buy, sell, and use virtual land from crypto tokens. In addition, the Ethereum game has also been used as an online store, art gallery, and virtual hangout spot.
Decentraland is seeking to become a metaverse with collective virtual hare space.
Plant vs. Undead
It is a farm mode game whereby gamers strive to control in-game Plant vs. Undead assets in the form of NFTs. By managing farm produce in the game, players earn in-game currency known as Light Energy.
To earn the game’s native currency, LE, one must harvest seeds and perform other daily quests such as watering plants of other players. Once the tasks are performed, one is rewarded with the Light Energy tokens that can be converted into the Plan vs. Undead Token PVU. The PVU token can be traded for other high-profile cryptocurrencies in decentralized exchanges.
In addition, Plant vs. Undead accords gamers the opportunity to sell NFT plants on the marketplace, with some plants going for 10 PVU tokens. Rare NFT plants go for up to 100 PVU tokens.
Gala Games – Town Star
Arguably one of the biggest blockchain-powered gaming platforms, which is allowing people to play a wide range of crypto game categories. The platform is powered by the GALA coin, which acts as a utility and reward token.
The blockchain game allows gamers to trade tokens and in-game items depending on how they are. The game relies on ledger technology to give gamers sole ownership of the items such as NFTs, which they can trade.
Every game item collected in Gala Games can be verified on the blockchain even when the holder’s account is suspended. Therefore, the game does not have any centralized authority such as Administrators that dictate how items are dispensed.
Plans are underway to integrate Gala Games with other blockchain games to enable the easy transfer of NFTs from one game to another.
Illuvium
Illuvium is a 3D game built on top of the Ethereum blockchain. It is an auto-battle game whereby gamers battle each other like in the old school games. While playing, the ultimate goal is to win the battles to move to the next level and complete quests.
In return, gamers get to earn rewards in ILV tokens on coming on top in battles. At the heart of the game is the NFT Illuvial, a creature with different skill sets that gamers can collect to win battles. The NFT and other in-game items can be exchanged for real-world money.
In the recent past, the Ethereum blockchain game has integrated with Immutable X, enabling layer two solutions for NFT trading with zero fee charges. As it stands, the blockchain game can offer peer-to-peer trading with no gas fee.
Bottom line
Blockchain technology is once again giving rise to one of the biggest industries. Blockchain-powered games are becoming the real deal as part of the ongoing revolution in the multibillion-dollar gaming industry. The prospect of earning and purchasing unique in-game items continues to fuel the industry. Likewise, blockchain-powered games have given rise to unique experiences that are drawing gamers.
