The Sandbox is a platform that in 2018 bought the trademark of the 2012 crafting game of the same name. display them in their virtual landscapes.

Axie Infinity, released by Sky Mavis in 2018, is an example of a “play to earn” game, where the game encourages players to buy and then improve NFTs through in-game actions, which are then resold to other players by the publisher. , and the player is compensated for their work. In the Philippines, where the game was most popular, some players were able to earn enough to make a living by playing and participating in the game’s financial structure. However, after a hack in early 2022 that stole over $600 million dollars from publisher Axie Infinity, the number of players in the game dropped significantly, affecting the game’s economics.Sky Mavis removed references to “play to earn” on its websites and marketing as the value of its tokens plummeted. Thus, it changed the term “play to earn” to “play and earn”.
In mid-2018, Ubisoft also co-founded the Blockchain Game Alliance along with a number of leading blockchain companies.

By the early 2020s, there was no breakthrough in blockchain-enabled video games. Such games tend to focus on using blockchain for speculation instead of more traditional forms of gameplay, and this offers limited appeal to most players. Such games also pose a high risk to investors as their returns are difficult to predict. However, the limited success of some games, such as Axie Infinity, during the COVID-19 pandemic and growing corporate interest in meta-universe content has rekindled interest in the field of GameFi – a term describing the intersection of video games and finance typically supported by blockchain. currency – in the second half of 2021.By the end of 2021, several major publishers, including Ubisoft, Electronic Arts, Take Two Interactive, and Square Enix, said their companies were seriously considering blockchain and NFT-based games in the future.

In October 2021, Valve Corporation banned blockchain games, including those using cryptocurrency and NFT, from being placed on its Steam digital storefront service, which is widely used for PC gaming. The company said this is a continuation of their policy banning games that offer in-game items with real-world value.

Ubisoft announced its foray into blockchain gaming with its Ubisoft Quartz technology, based on the Proof-of-stake Tezos cryptocurrency, which Ubisoft claimed was more energy efficient. Quartz allows players to buy and sell digits, which are special items to customize characters in the publisher’s games, and the service first launched for Tom Clancy’s Ghost Recon Breakpoint in December 2021.

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Nevertheless, knowing the basic fundamentals of working with blockchain will make the process of learning any crypto game much easier.

To begin with, it’s worth understanding that blockchain is a network. Currently, there are many different blockchains, and game developers choose which network their project will be built on. The choice of network depends on the preferences of the developers, the popularity of the network, the genre of the game or other factors.

To interact with any network, and therefore the game, the user needs to have a crypto wallet. This is usually installed as a browser extension or mobile app. Each network has its own separate wallet, except for some networks. For example, the same wallet will work for interacting with Polygon and Binance Smart Chain.

You can use our guides on how to set up and use the most popular crypto wallets.

• MetaMask – detailed wallet review
• Solana Blockchain and Phantom Wallet
• Near Wallet – Near blockchain wallet

It’s worth keeping in mind that each network has its own underlying cryptocurrency (token) used to pay commissions. Commissions are usually charged for sending tokens, NFTs, or for various actions within projects/games. Don’t be alarmed, commissions are often extremely cheap and cost a fraction of a cent. To fund your wallet to pay for commissions, buy the necessary token on a crypto exchange such as Binance and transfer the cryptocurrency to your address. You will easily understand which token the network uses. Its name is always listed in the wallet.

The presence of a wallet and the desire to play will be enough to dive into the huge world of Play To Earn. Next, the beginner will have to find and choose a crypto game, based on personal preferences or financial possibilities.

It happens that the project’s website does not specify the network that the game uses. To quickly determine which network the game is built on, you can use the largest list of crypto games from MetaGuild. Almost all blockchain games with detailed descriptions are collected there.

Where to look for crypto games?

Two years ago, there were only a few popular crypto games, and the choice was generally small. Now a lot has changed, and the actual Play To Earn projects are huge in number. Any gamer will have no problem finding a game to suit their tastes.

The best way to find projects is search engines. Just type “Best Crypto Games” into Google, and you will immediately get to the most popular sites where you can choose the right game for you.

One such site is Cryptogamer. We publish the latest news of the crypto (NFT) games industry, detailed dissections of Play To Earn projects and provide a wide catalog of actual games with earning opportunities.

Another way to find GameFi projects is through aggregators and lists. By the way, MetaGuild’s list of crypto games not only contains the most relevant projects, but also separates them by rating. The division is created in order for users to understand which of the projects is the most promising for making money.

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• NFT sales – in crypto games, players own digital property. They can sell or trade their NFT items within the game and on exchanges;
• farming and steaking. Staking is generating passive income from your assets by lending and freezing coins in a pool. Farming is income farming, making money from token steaking.
• Winning in competitions – in crypto games one earns by defeating opponents, getting rewards in the form of items, tokens or cards;
• drops are free giveaways of cryptocurrencies, tokens or NFTs that can be obtained by completing certain tasks.
• All cryptocurrencies have different price and volatility. The exchange rate changes on a daily basis. Therefore, the earning opportunities in each game can be different.

How to withdraw earned money from crypto games

The method of withdrawal depends on the game. Example: the blockchain game itself may offer an internal currency. It is exchanged on the game’s marketplace for cryptocurrency. This cryptocurrency can be withdrawn to an exchange, converted to fiat money, or saved or reinvested in more expensive game items and cards.

Approximate withdrawal algorithm:

• After earning cryptocurrency in the game, you need to withdraw this money to a wallet, for example Metamask, convert to USDT.
• From the wallet to withdraw USDT to Binance. It is important that the profile was verified.
• From Binance you need to withdraw money through the P2P exchange Binance, or find an exchanger on Bestchange, exchange money from Metamask, transfer to a card or e-wallet.

Crypto games can be considered as a way to earn money and as entertainment.

It is possible to make money in blockchain games, but you need to balance your financial risks and budget when choosing a game as a way to invest. In many games, the entrance fee starts from $100-$300. It is better to use free money, it is not recommended to invest the last or borrowed funds in the hope of winning a large fortune.

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NFT is a non fungible token used to obtain ownership of unique digital products. NFT itself is an indivisible unique identifier, an encrypted and secure form of digital currency. NFT tokens can be cards, artifacts, skills, and lands in meta universes.

A cryptocurrency wallet is a program that allows you to make cryptocurrency transactions, check your balance.

Blockchain is a blockchain of cryptocurrency transfers, a technology for recording distributed storage of information. Blockchain involves copying and synchronizing a database across multiple computers. All transactions are grouped into blocks, combined into chains, and linked together.

Cryptocurrency exchange is an exchange where you can trade cryptocurrency, exchange game tokens for other cryptocurrency, look for suitable pairs for withdrawal. To withdraw money in fiat from the exchange, you need to use a cryptoexchanger.

An exchanger is a service that allows you to exchange cryptocurrency for any other currency and withdraw to a card or e-wallet.

Aggregators are sites that collect exchangers, their characteristics, reviews. An example of a popular aggregator is Bestchange.

Types of nft games

Cryptocurrency games are categorized into genres and types:

• meta universes – these are worlds in which the player can create a character, buy land, a house, get a pet. For example, Decentraland;
• fighting, battle – the main goal of such games is to win in battles and tournaments. Example: Cryptoblades;
• card games, collectible – in such games you need to collect certain game items or creatures in the form of cards. The one who collects more cards and better quality cards wins. An example is Axie Infinity;
• Strategies – games based on strategic thinking. Example – Star Atlas;
• puzzles – games that involve the development of logical and analytical thinking. Example – RetroCade;
• arcade games – games in which you need to make quick actions to achieve success or overcome obstacles. Example – Alien Run.

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