There are several different gaming models in the blockchain gaming ecosystem. Let’s take a look at the most popular ones:
Play to Earn (P2E)
The “play to earn” model is perhaps the most well-known model today. Players earn tokens or cryptocurrencies for the time and effort invested in the game. Rewards can be earned by completing missions, winning battles, trading assets, or simply playing regularly. Axie Infinity was one of the first and most famous P2E games, but there are now hundreds of games using this model.
Moving for Earnings (M2E)
This is an interesting variation of P2E where players are rewarded for physical activity in the real world. Apps like STEPN allow you to earn cryptocurrencies by simply walking or running, promoting a more active lifestyle.
Free game with blockchain elements
Some traditional games integrate blockchain features, offering players the ability to own and trade unique digital assets. These games retain the classic free-to-play structure, but add a layer of decentralized economics.
How much can you actually earn in games with the ability to earn money?
A common question about blockchain games is: how much can you actually earn? Earnings can vary greatly depending on several factors:
- The game and its popularity;
- The time and effort you invest;
- The game strategy you are adopting;
- Initial investment (some games require you to purchase assets to get started);
- Current market conditions for cryptocurrencies.
During the Axie Infinity boom in 2021, some players in the Philippines were earning the equivalent of a month’s salary by playing full-time. However, it is important to note that these cases are the exception rather than the rule. Most players earn more modest amounts, ranging from a few dozen to a few hundred dollars per month.
Approaching games with realistic expectations is crucial. These games are not a quick way to get rich, but rather a way to monetize your playing time. As with any money-making activity, it is important to do your research and never invest more than you can afford to lose.
