Crypto games that allow players to enjoy themselves in terms of gameplay are known as play-to-earn (P2E) games. P2E gaming has established itself as a booming new segment of GameFi technology, thanks to the DeFi boom and metaverse mania that has taken the world by storm.
In fact, Blockchain technology is used in play-to-earn crypto games, which allow players to earn crypto in exchange for their skill and effort.
While P2E stresses revenue, P&E promotes ownership and quality games, which are more conducive to long-term success. Play-to-earn games are exactly what they sound like: games with both earning potential and enjoyment value. This is why it is called GameFI. For in-game purchases and trades between players, most P2E games contain native tokens.
Here is the list of the Top 50 P2E blockchain games of 2022:
These games allow players to have fun and earn various in-game currencies or NFTs that they can later use within the game, trade, or sell on marketplaces. This list was put together by Cryptoplay.net. Click here to know about the top 50 P2E crypto games of 2022!
How do the P2E games work?
The play-to-earn idea has been quickly embraced by game creators. Many games have been rising and gaining popularity, including Axie Infinity, Gods Unchained and Splinterlands. These (and other) P2E games rely significantly on blockchain technology to sustain their ecosystems and provide users with access to in-game built-in tokens with worth outside of the game. Cryptocurrencies (or digital currencies), non-fungible tokens (NFTs), and decentralised markets have made this possible.
Basically, any action you perform in P2E games may be rewarded, whether it’s completing tasks, waging battles, assisting with an issue, or breeding new species. The game’s elements are in the form of NFT. For example, if you want to create a new creature or avatar, you may easily create a new token and sell or swap it in the marketplace.
The most significant advantage of NFTs is that they can be easily swapped for crypto, which can then be traded for real money on exchanges. The validity and ownership of the digital assets in the game can always be confirmed since transactions in the world of play to earn take place in the form of blockchain.
Why Play-to-Earn (P2E) games are becoming increasingly popular?
As of February 2022, GameFi’s entire market valuation was $55.38 billion. By 2025, blockchain gaming is expected to be worth $50 billion, a growth rate ten times that of traditional gaming.
Both in terms of market capitalization and the number of gamers, GameFi is poised for rapid expansion. We’ve reviewed GameFi’s historical growth as well as highlighted some important drivers of future development in this research.
GameFi is also closely linked to the metaverse, one of the hottest new phenomena in which many large corporations have made significant investments. Facebook even went to the extent of renaming itself ‘Meta.’ GameFi could be a huge success if the metaverse works.
Overall, GameFi and blockchain gaming will have a bright future in the next few years. Numerous new blockchain games will be created, and there is a largely untapped market of gamers who might possibly switch from traditional games to blockchain games. Therefore, for GameFi, the sky is the limit.
