The rise of cryptocurrency as a new way of doing finance has opened the door to seemingly endless possibilities including anonymous and secure transactions and even earning fiat money from playing games.  

Yes, you’ve read that right. Crypto has enabled its users and game enthusiasts alike to enjoy its multiple benefits in the form of play-to-earn (P2E) games.

But what are P2E games and how do they work? As the name suggests, P2E games allow gamers to engage themselves in gameplay which allows them to earn in-game awards in crypto, non-fungible tokens (NFTs), and the like. Within the game ecosystem, P2E gamers can amass in-game currency, characters, weapons, and skins that they can sell or trade for profit. 

Unlike conventional games, P2E games aren’t governed by a centralized authority thanks to the decentralized nature of the blockchains on which they’re founded on. 

With crypto making big waves worldwide, so do P2E games. Today there are multiple companies launching their own P2E games featuring different gameplays and designs. 

Are you a conventional gamer looking to try out P2E gaming? Keep on reading to learn more about the different tips you can use to help you pick out your very first P2E game. 

1. Understand What Type Of Game You’re Good At

P2E crypto gaming is akin to conventional games with its own gameplay and genre offerings. Choosing the right P2E game may be overwhelming, but knowing what gameplay you excel in will be a helpful first step.

For instance, you can earn more with P2E games that reward you for creating words if you’re good at guessing words under pressure. However, this could not be a good option for gamers who aren’t into language. On the other hand, you may want to try shooting games if you love to engage in mission gameplays. 

The more confident and skilled you are in the gameplay of your choosing, the higher rate of success you’ll be able to enjoy with your chosen P2E game. 

2. Know What You Want To Earn 

There are many forms of rewards that various P2E games offer to their users. Some offer a combination of NFTs and in-game cryptocurrency, while others provide both NFTs and crypto games to play & earn. Some games have their cryptocurrency, while others give out popular digital currencies. Both types of rewards are tradeable on trading platforms with other players – you can even exchange your earnings for fiat currency. 

Bear in mind that in-game rewards are also affected by volatility and uncertainty depending on the market of the blockchain they’re based on. Hence, do keep abreast of the latest trends and market news regarding the blockchain’s conditions and directions to find that sweet spot where you can sell for a sizeable profit. 

3. Consider The Budget For You To Get Started

The entry cost will vary for each P2E game. Most P2E games require you to make an initial investment first. Some may require you to buy a gaming starter pack, which includes but isn’t limited to gaming skins, characters, and the like, with cryptos ranging from tens to a few hundred dollars.

If you don’t have any money to spare, luckily, you can also find games that you can play for free. Unfortunately, you’ll only be able to enjoy limited gameplay and only a few companies offer free gaming right off the bat.

You’ll need to shell out some amounts of money if you want to access the premium features of such a game. Nonetheless, these premium features have their perks because you’ll need them to gain an advantage in the game of your choice and earn more rewards or earn quickly. 

Although P2E games can offer high rewards, it’s still best to go with a budget you can afford to lose. Some P2E games may not have a return on investment (ROI) and inherent risk guarantee; thus, it’s recommended that you start small and then go from there. 

Besides looking into the initial costs of joining P2E games, do account for other gaming-related expenses that’ll affect your game performance like gaming chairs, hardware upgrades, and the like. 

4. Pick A P2E Game Offering Easy-to-transact Rewards 

Most P2E games are built upon the blockchains of famous and widely-used cryptos today. While this is a comforting thought to have in mind, it’s still best to look for more information about the liquidity and volatility of the blockchain of the game you’re planning to join. Ask around for insights from experienced P2E gamers about their experience regarding ease-of-use of different P2E gaming rewards. Select a P2E game that offers multiple streams of options when it comes to cashing out your crypto earnings in exchange for fiat money. 

Conclusion

P2E games are a popular option for crypto enthusiasts and newcomers to join in the blockchain revolution. Here, gamers can rake in digital assets that can be traded with fiat money all the while they’re having a great time and pursuing their hobby. If you’re looking into joining a P2E game soon and don’t know how to pick the best one for you, keep in mind the tips mentioned above.