Games have served as a diversion and a way to pass the time after a long, tough day of work. It has been like this for at least 50 years of video gaming.
A new generation of video games, however, was introduced. This generation rewards players with cryptocurrency using blockchain technology like NFTs. These video games, also called “Play-to-Earn” (P2E) games, have recently gained much popularity.
In addition to P2E games, there are also M2E games or, as many may know, Move-to-Earn, which reward their players based on how much activity they do during the day.
In this article, we will show you what these types of games are and what the difference is between them.
What Are Play-to-Earn (P2E) Games?
Cryptographic games that allow players to earn money by playing them are known as “Play-to-Earn” (P2E) games. You earn in-game money by completing tasks, winning battles, or other featured challenges. You may swap this in-game money for BTC, ETH, BNB, or any other token through a decentralized exchange.
The users may deposit their winnings into their crypto wallets or spend them on additional in-game items. They can be used to purchase Non-Fungible Tokens as well. NFTs are in-game money in some circumstances. This suggests that players have the option to sell or trade their in-game assets for other things.
P2E Games Examples
P2E games are now popular for a while. Since their first launch, many similar games have been created. The rising interest of gamers to play and earn money has made these games to gain success in a short period of time.
The most popular games in this industry are Axie Infinity and The Sandbox. Both of these games are crypto-based, and in order to gain money, you have to invest first. Axie Infinity is the largest blockchain game in the world. In order for a player to earn money, they have to collect, train, and fight animals, also known as Axis.
Through Axie Infinity, people have made hundreds of dollars in several months of playing.
Another popular game is The Sandbox. By playing this, the player gets a preview of what the Metaverse could look like in the future. They have the ability to create and own the future as they wish. Of course, to proceed in the game, a player must invest first, and then they can earn hundreds of dollars.
What Are Move-to-Earn (M2E) Games?
Move-to-Earn is another type of gaming experience that allows players to earn money by doing their daily activities or fitness.
In order to earn cryptocurrency, you have to move and play games. This type of gaming was created at the time that the COVID-19 pandemic hit. Because everything was shutting down, people were getting lazier, so this initiative came, which aimed to help people gain their activity back and earn money.
M2E Games Examples
Since the initiative’s establishment, a few games have been created in this industry.
The most popular game in M2E games is STEPN which now counts as the almost first anniversary of its launch. In this game, players could use their NFT sneakers to link their running routines to the blockchain. In order to earn cryptocurrency, they must keep a steady pace within the ideal speed range. This project currently ranks among the top cryptocurrencies in the world and has a market cap of over $2 billion.
Another popular initiative is Sweatcoin. In order to earn cryptocurrency, players must run and, most importantly, sweat. Therefore, they earn SWEAT coins for every 1000 steps. MetaGym is the last illustration of M2E projects. For this game, players must use a smartwatch or the MetaGym app that allows them to track their activity. You earn cryptocurrency, MGCN coins, based on how much you work out during the day.
Takeaways
- The two most popular crypto game types are Play-to-Earn and Move-to-Earn.
- In P2E, you play to earn cryptocurrency.
- The most popular P2E games are Axie Infinity and The Sandbox.
- In M2E, you move and work out to earn cryptocurrency.
- The most popular M2E games are STEPN, Sweatcoin, and MetaGym.
