Play-to earn crypto games
3 apps that pay real money on paypal
Let's now look at how blockchain games work and how they differ from traditional centralized games. Blockchain games, as the name suggests, run on a fully decentralized chain of code.
The NFTs that are purchased are not stored inside the game, but outside, in a cryptocurrency wallet. The player has actual ownership of them, unlike other traditional games that rent them.
Items purchased in a traditional game only exist while the player is playing and are only usable in that specific game. In addition, if a conventional game disappears due to lack of popularity, the value of what was purchased is lost.
The coins in a Blockchain game reside in your cryptocurrency wallet and are often openly traded on a variety of exchanges. It's a significant distinction that opens the door for players to earn cryptocurrencies by playing online.
Let's now look at some of the best games to play and win, one on the Ethereum blockchain and the other on the Binance smart chain (BSC). First, let's compare the two blockchains.
CryptoZoon - Win Money Playing NFT Games
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The main cause is that half of the bitcoin transactions on Steam, were fraud: "We had problems when we started accepting cryptocurrencies as a payment option. Fifty percent of those transactions were fraudulent, a mind-boggling figure. They were customers we didn't want to have."
Fraud is a big reason, especially with that percentage. But there's more. Steam's founder also complains about the volatile price of bitcoin, which was a nightmare for them: one day a game was worth 20 euros in bitcoins, and the next day its price had shot up to 100 euros. They had to constantly adjust prices, and it was crazy.Finally, he also cites the high fees charged by currency exchange houses to convert bitcoins into dollars, which reduced their profits.And while it's fair to say that now the cryptocurrency market is more serious and stable, many of those reasons haven't changed.
Gabe Newell isn't too convinced by NFT plays either, at least as they're set up now. "There's a lot of interesting technology in blockchain and how to do a distributed ledger, but I think people haven't understood why you need a distributed ledger," he explains.
Games to earn cryptocurrencies without investing
Despite the high volatility of the cryptocurrency market in 2022 and also the weakness of Bitcoin (BTC) to break the $50,000 mark again, metaverse games and games to win continue to attract attention in the market. In March alone, the STEPN game saw its native GMT token rise more than 10,000% and go from $0.01 to more than $3.00.
In STEPN, players are paid in cryptocurrencies for performing runs and walks. In the month of March, players had the opportunity to earn an estimated $217 for every 11 km run, either walking or running.
In addition, games such as Metamon, Axie Infinity, Sandbox, among others, announce various collaborations and novelties ranging from traditional global brands to famous artists. A recent survey by DappRadar revealed that there are currently more than 150 games to play to win in the cryptocurrency market.
The top game on the analysts' list is Axie Infinity, which even with the Ronin blockchain hack, considered the biggest in the history of the cryptocurrency universe, remains one of the top metaverse and play-to-earn games on the market.