Home Cryptocurrency 11 Best Play-to-Earn Crypto Games for High Rewards in 2024

11 Best Play-to-Earn Crypto Games for High Rewards in 2024

When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.

Why you can trust ValueWalk

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent. Visit Why Trust Us to learn more.

  • Accurate, fact-checked info
  • Expert-led, cutting-edge insights

In recent years, the intersection of blockchain technology and gaming has given rise to a revolutionary concept known as play-to-earn crypto games. These games entertain players and offer the potential to earn real-world value by acquiring and trading in-game assets.

This fusion of play and earning has captured the attention of a rapidly growing audience seeking new avenues for both entertainment and financial gain.

This article dives into the best play-to-earn crypto games, dissecting their mechanics, unique advantages and the exciting rewards players can earn.

Our team evaluated a wide range of options to bring you this curated list, ensuring you discover today’s most immersive and potentially lucrative experiences in the play-to-earn landscape.

Our methodology for selecting the best play to earn games for 2024

We went beyond just rewards to identify our 11 best play-to-earn games.

Our data-driven approach considers factors that translate into long-term value: secure blockchain technology, captivating gameplay, and well-designed in-game economies that let you convert earnings into real money.

Another important determinant is the existence of thriving communities, which signifies both a game’s potential longevity and the passion of its development team.

To ensure the project’s commitment to growth, we investigate smart contract audits, the development team’s experience, and the roadmap.

Top 11 play to earn crypto games of 2024

  1. The Meme Games (MGMES) — Top play-to-earn game with generous staking APY and a presale bonus. Raised over $200,000 within two days.
  2. PlayDoge (PLAY) — Play-to-earn game in the Tamagotchi style of the 90s. Raised over $5.7 million within a month.
  3. Shiba Shootout (SHIBASHOT) — Community-centric meme coin with rewards and utility. Raised over $700,000 so far.
  4. Mega Dice Token (DICE) — Play-to-earn game with 50K users and $50M monthly bets. Raised $1.6M in presale.
  5. Sponge V2 (SPONGEV2) — A meme token with play-to-earn (P2E). Following the success of V1, Sponge V2 comes with many enhancements and high APY.
  6. Hypeloot (HPLT) — First AI-powered crypto casino offering custom games. Earn rewards even during the presale as long as you hold HPLT tokens.
  7. Guild of Guardians — Developed by Immutable Games, this highly anticipated mobile game based on NFT-based Guardians boasts over 1 million pre-registrations and a $1 million prize pool.
  8. Shrapnel (SHRAP) — First-person shooter game where players can earn SHRAP tokens by completing objectives and killing enemies.
  9. Star Atlas (ATLAS) — Sci-fi game with multiple modes where you can mine, craft, and sell your assets, offers a completely on-chain economy and asset ownership.
  10. Parallel (PRIME) — Free-to-play card trading game with fully-owned NFT cards, uses the PRIME token for governance and rewards.
  11. Yield Guild Games (YGG) — A decentralized gaming guild that invests in play-to-earn games and NFTs and distributes its earnings to holders.

What are play-to-earn crypto games?

Play-to-earn crypto games are more than just a buzzword – they’re a revolutionary fusion of gaming and blockchain technology, reshaping the interactive entertainment landscape.

In these innovative games, players aren’t just passive participants; they’re active contributors and investors, empowered by blockchain’s secure and transparent nature.

Unlike traditional games, where virtual assets vanish along with your character, play-to-earn titles redefine ownership. New crypto games are released frequently as many projects strive to reach the top spot.

Players truly own their in-game items thanks to blockchain-based Non-Fungible Tokens (NFTs) and the principles of Decentralized Finance (DeFi). This opens up a world of possibilities:

  • Trade and sell: Treat your virtual assets like real-world possessions. Sell your hard-earned sword to another player, rent out your digital land, or even build a bustling in-game marketplace.
  • Dynamic economies: Player-driven economies with real-world value emerge, fostering collaboration and competition.
  • Community governance: Many play-to-earn titles leverage blockchain-based governance models, allowing players to vote on features, storylines, and even in-game rules.

If you’re curious about diving into this exciting world, platforms like Star Atlas and Pallarel offer a glimpse into the future of gaming. Each platform presents unique experiences, from building starships to battling with cards.

The rise of play-to-earn crypto games signifies a significant departure from the traditional model. It’s not just about entertainment; it’s about creating a more inclusive and economically empowering gaming experience.

As these games evolve, they can reshape how we interact with digital worlds, blurring the lines between play and profit and, ultimately, redefining the concept of what it means to “play a game.”

Reviewing 2024’s best-rated play to earn crypto games


A detailed review of the top P2E games in today’s markets. We explain how you can earn from playing cryptocurrency games, staking rewards, and supply, as well as games due to launch this year.


1. The Meme Games (MGMES): Meme coin with a gamified presale bonus and generous staking APY

The Meme Games is our top pick for best play-to-earn games. This project is a meme coin that has gamified the presale bonus rewards. Inspired by the 2024 Summer Olympic Games, the Meme Games lets investors who buy the $MGMES token select one of the five popular meme characters and let them race in a 169m dash.

The meme characters include Doge, Pepe, and Brett. If the selected character wins, the investor gets a 25% token bonus on top of their purchase. There’s no limit on how many times someone can try to win the bonus as every $MGMES purchase lets the investor select a new character.

All characters have equal chances of winning the race as each outcome is randomized. During the presale, investors can choose to stake their tokens for a dynamic APY of over 1,200% at the moment of writing. Staked tokens will have a seven-day vesting period after the presale ends, while unstaked tokens will be available for withdrawal as soon as the presale closes.

The Meme Games gameplay & token utility

  • Racing game: The Meme Games uses a 169m dash with five meme characters, giving the investor a 20% chance to win a 25% token bonus.
  • Token utility: This is a meme coin with staking rewards and a gamified presale bonus. There is no other utility announced at the moment.

Follow Meme Games on X or join the Meme Games Telegram group to get the latest project updates. Read the Meme Games whitepaper to learn more about the project.

Total Tokens2.024 Billion
Tokens Available in ICO769 Million
BlockchainEthereum
Token typeERC-20
Minimum PurchaseN/A
Purchase WithETH, BNB, USDT, Card

2. PlayDoge (PLAY): Play-to-earn game with generous staking rewards, raised over $5.7 million

playdoge token presale

PlayDoge is a game that revolutionizes the old-school Tamagotchi games of the 90s by adding a financial incentive to care for your pet. On top of that, using a Doge-themed in-game currency has a massive meme potential, giving early investors the chance for a strong price appreciation.

This mobile game will allow everyone worldwide to access the game, play it, and earn $PLAY tokens depending on how you care for your pet. Given how more than 82 million Tamagotchi devices sold in the past, PlayDoge could be the next 100x gem.

Early investors get to buy the token at a low price before the token is listed on exchanges. Moreover, staking rewards of over 83% APY allow you to increase your token bag while you wait for the presale to end.

PlayDoge gameplay & token utility

  • Tamagotchi-style game: PlayDoge uses Tamagotchi-style gameplay where you care for your pet Doge, ensuring it’s fed and happy. For your efforts, the game rewards you with $PLAY tokens.
  • In-game token utility: The $PLAY token allows special in-game benefits and exclusive access to features like the Leaderboard where players compete for bonus $PLAY tokens and additional rewards.

Follow PlayDoge on X or join the PlayDoge Telegram channel to get the latest project updates. Read the PlayDoge whitepaper to learn more about the project.

Total Tokens9.4 Billion
Tokens Available in ICO4.7 Billion
BlockchainBinance
Token typeBEP-20
Minimum PurchaseN/A
Purchase WithETH, BNB, USDT, Card

3. Shiba Shootout (SHIBASHOOT): Community-focused meme coin with generous rewards and utility

Shiba Shootout is a popular meme coin presale with generous staking and community rewards. With its referral program both the referrer and the new investor get free $SHIBASHOOT tokens. At some point in the future, there will be campfire stories where community members will share their meme coin trading and crypto experiences in a storytelling format, rewarding the best story.

On top of that, the team recently announced a play-to-earn mobile game where users can earn $SHIBASHOOT. During the presale, investors can stake their tokens to earn over 1,300% dynamic APY. Being dynamic means it drops in time as more tokens are staked, giving early investors the biggest rewards.

As for the token utility, users can use $SHIBASHOOT to participate in the “Lucky Lasso Lotteries” to win crypto prizes. The token will be used in the mobile game as well. Moreover, token holders will have voting rights to guide the project in their desired direction.

Shiba Shootout gameplay & token utility

  • Play-to-earn mobile game: Play as a Shiba cowboy and compete in dramatic duels to win rewards.
  • In-game token utility: use $SHIBASHOOT tokens to upgrade your abilities, which can help you become the ultimate marksman.

Read the Shiba Shootout whitepaper to learn more. Also, follow Shiba Shootout on X and join their Telegram group to stay up to date.

Total Tokens2.2 Billion
Tokens Available in ICO770 Million
BlockchainEthereum
Token typeERC-20
Minimum PurchaseN/A
Purchase WithETH, BNB, USDT, Card

4. Mega Dice Token (DICE): Play-to-earn game with 50K users and $50M monthly bets raises over $1.6M in presales

mega dice token presale

Mega Dice Casino is a popular online casino with over 50,000 active users and has a monthly betting volume of around $50 million.

Mega Dice offers various games, including over 4,500 casino games and many sports betting options. It recently launched the $DICE token via a presale that raised over $340K in less than two days of launch.

Buyers can get $DICE tokens for only $0.09548 at press time. 35% of the total token supply is sold to early buyers. Another 15% will be given away in airdrops (free token giveaways), and 10% is set aside for staking rewards.

Mega Dice gameplay & token utility

  • Combines popular gaming options: Mega Dice mixes the fun of gaming and gambling with DeFi to offer a GambleFi platform. This combination creates a unique gaming experience with crypto.
  • Unique token utility: The $DICE token makes playing on Mega Dice more fun and rewarding in many ways. If you have $DICE tokens, you can get cashback when you play at the casino, earn rewards from airdrops (free token giveaways), and access special NFTs (unique digital items).

You can follow Mega Dice on X (formerly Twitter) or join its Telegram channel to stay updated on the latest news. You can also read the Mega Dice Casino whitepaper to learn more about its features and roadmap.

Total Tokens420 Million
Tokens Available in ICO147 Million
BlockchainSolana
Token typeSPL
Minimum PurchaseN/A
Purchase WithSOL, ETH, BNB

5. Sponge V2: Boosted rewards for Sponge-memed P2E with $19M staked and bridged

Best play-to-earn crypto games | Sponge V2
Sponge V2

Sponge V2 is the successor to the meme coin $SPONGE, which generated significant buzz in May 2023 with a 100x price increase.

V2, launched in late 2023, promises better liquidity and bigger gains than its predecessor. Unlike V1, which was purely speculative, V2 aims to introduce utility through a Play-to-Earn (P2E) game currently in development.

Sponge V2 gameplay & token utility

  1. Play for money: Earn $SPONGEV2 tokens by playing the upcoming game, competing on leaderboards, and holding the token. Both free and paid versions are planned, offering in-game item purchases and the potential for enhanced earnings.
  2. Deflationary mechanisms: A portion of transaction fees will be used to buy back and burn $SPONGEV2 tokens, theoretically reducing supply and increasing value.
  3. Community governance: $SPONGEV2 holders can vote on proposals affecting the game’s development and the project’s future.

Although Sponge V2 has the potential to offer some utility through its P2E game, it should be noted that it is still mainly a meme coin that heavily relies on community hype and speculative buying.

It’s important to understand that early success is not guaranteed, and investors should consider the high risks associated with meme coins and unproven P2E projects before investing.

Ticker$SPONGEV2
DescriptionMeme token combining utility, high returns, and play-to-earn features.
BlockchainEthereum
Market Cap
Launch year2024, presale

6. Hypeloot: Crypto casino offering new games and a fiat gateway, with over 82 million bets placed

Hypeloot’s progress | Source

Hypeloot (HPLT) is the first AI-powered crypto casino offering standard and custom games. At its core is the HPLT token, now available for purchase in a presale.

Token holders are eligible for rewards generated daily by the casino’s revenue. Moreover, the casino will buy back the HPLT token and burn a portion to increase the token price.

While not strictly a play-to-earn game, it incorporates gaming and rewards elements, blurring the lines between traditional cryptocurrencies and P2E ecosystems.

Hypeloot gameplay & token utility

  1. Revenue share: HPLT token holders earn a daily share of the casino profits.
  2. NFT eligibility: Everyone who buys HPLT tokens during the presale can earn a Hype NFT.
  3. Up to 50% site credits: Earn 50% site credits to use on Hypeloot.com without conditions and obligations.
  4. Hundreds of games: Play Crazy Wheel, Dice, Plinko, Crash, Mystery Boxes and many more.

Hypeloot positions itself as a play-to-earn (P2E) platform with its native token, HPLT. Players can engage in unique gaming experiences, including “mystery box” prize mechanics, and earn HPLT tokens through gameplay. The project emphasizes provably fair games, allowing users to verify the randomness of outcomes.

Hypeloot differs from other projects in that it is already a profitable venture, unlike selling tokens for fundraising. Since 2022, it has handled over 82 million bets and served 200,000 users.

However, beyond basic gameplay rewards, it’s unclear how deeply HPLT integrates into the ecosystem. Information about additional token utilities like governance, marketplace purchases, or staking opportunities is limited. A strong P2E model hinges on a compelling token use case, and Hypeloot would benefit from clear communication.

Ticker$HPLT
DescriptionCrypto casino and casino games
BlockchainEthereum
Market CapN/A
Launch year2023

7. Guild of Guardians: Fantasy RPG with blockchain & NFT-based characters

Guild of Guardians unique features | Source

Guild of Guardians, by Immutable Games, is a mobile RPG that takes the fantasy genre to the next level by integrating blockchain technology. Players assemble a team of powerful Guardians, conquer dungeons, and contribute to the fight against the corrupting Dread.

This highly anticipated title boasts over 1 million pre-registered users and is set to launch on both Apple and Android devices, with a $1 million prize pool to celebrate its arrival.

$GOG gameplay & token utility

Guild of Guardians offers a compelling blend of classic RPG mechanics and innovative crypto functionalities. Players can:

  • Build a Dream Team: Collect and upgrade NFT-based Guardians, each with unique skills and abilities.
  • Explore Elderym: Delve into a rich fantasy world filled with dungeons, secrets, and epic battles.
  • Play and Earn: Earn the in-game token, GOG, through gameplay, which can be used for further upgrades or traded with other players.

Guild of Guardians is poised to be a major player in the Web3 gaming space. It blends high-quality graphics, engaging gameplay, and a crypto-driven economy.

Developed by Immutable Games, one of the industry’s leading studios, with backing from giants like Tencent and Animoca Brands, Guild of Guardians has the potential to redefine mobile gaming by putting ownership and value directly in the hands of players.


Ticker$GOG
DescriptionMobile-based fantasy RPG
BlockchainEthereum
Market CapN/A
Launch year2024

8. Shrapnel: AAA Extraction FPS powered by community-driven tools

Best play-to-earn crypto games | Shrapnel
Shrapnel | Source

Shrapnel (SHRAP) is a blockchain-based AAA FPS game, often categorized among “best play-to-earn” offerings.

Launched in 2023, players assume the role of Mercenary Extraction Force (MEF) Operators in a post-asteroid-impact world, battling for valuable resources across a perilous “Zone.” Shrapnel reached a key milestone as the game was added to the Epic Games store in February 2024.

Shrapnel is developed by veteran game developers with experience in popular Web2 and traditional video games like Halo, Call of Duty, and Ghost of Tsushima.

Shrapnel gameplay & token utility

  1. Extracting resources: Players compete to locate and secure “Meteorite,” a valuable resource while navigating environmental hazards and eliminating other operators.
  2. Play-to-earn: The game’s native token, SHRAP, is earned through gameplay (winning matches, creating content) and can be used to purchase in-game items, cosmetics, and maps.
  3. Decentralized governance: SHRAP token holders govern the game’s future, voting on content updates, feature implementations, and platform direction.

Shrapnel’s AAA pedigree and unique blend of intense FPS action with play-to-earn and DAO features is enticing.

However, it’s important to note that the game is still in early access, and its long-term success depends on continuous development, balancing player-driven versus developer-controlled content, and maintaining a healthy in-game economy.

The potential for rewards within the “best play-to-earn” category is promising, but caution is advised, as with any volatile crypto-based game.

TickerSHRAP
DescriptionPlay-to-earn AAA FPS with resource extraction & DAO governance
BlockchainAvalanche
Market Cap$35.7 Million
Launch year2023

9. Star Atlas: Space Sim and RPG with complete on-chain economy

Star Atlas merchandise | Source

Star Atlas (ATLAS) is a next-generation gaming metaverse set in 2620. This space exploration game blends real-time graphics, blockchain technology, and multiplayer experiences. Players can choose a faction among humans, aliens, and sentient androids vying for resources, territory, and galactic dominance.

Star Atlas leverages Unreal Engine 5 for stunning visuals, creating a cinematic feel to the gameplay. The project has attracted prominent investors and continues to expand through acquisitions.

Despite controversies, Star Atlas continues to lead in metaverse technology, play-to-earn gaming, and blockchain integration.

Star Atlas gameplay & token utility

  1. On-chain economy: The entire Star Atlas economy is built fully on-chain, making it the only play-to-earn game with this feature.
  2. Play-to-earn (P2E) focus: Mine resources, craft items or scan for data units and sell them on the marketplace for profit.
  3. Token staking: You can stake the ATLAS token, which is the in-game utility token, to get discounts on the Galactic Marketplace and earn rewards.

The Star Atlas universe is built on the Solana blockchain, known for its speed and affordability. This allows for a thriving in-game economy where land, spaceships, and other assets are represented by NFTs (non-fungible tokens) that can be traded on a decentralized marketplace.

The team recently sold two Titan ships worth $5 million each, which shows massive investor and player support. In March 2024, the in-game Galactic Marketplace saw over $3 million in assets traded.

TickerATLAS
DescriptionPlay-to-Earn Game With Fully On-Chain Economy
BlockchainSolana
Market Cap$118 Million
Launch year2021
Parallel avatars | Source

Parallel (PRIME) is a free-to-play game with play-to-earn mechanics, thanks to its native token, PRIME. This is a card trading (CTG) game with full asset ownership via NFTs. The game is built on Ethereum, and you need ETH to buy the cards you want.

In addition to the card game, the team is currently building an AI-powered survival simulation game that is set to redefine gaming. The game will launch on the popular Steam platform, where you can add it to your wishlist now.

Parallel gameplay & token utility

  1. Asset ownership: The game uses NFTs to represent the gaming cards, which provide full asset ownership. When you no longer want to play, sell your assets and move on.
  2. Play-to-earn mechanics: The PRIME token is used for governance and earned by winning matches. You will later need PRIME to create AI avatars for the new AI-powered survival simulation game.

The total token supply of PRIME is 111,111,111,111 and the game has no burning mechanics. Instead, it redistributes the token into different contracts to balance the game economy.

The Parallel Alpha card collection is now available for purchase on OpenSea. The floor price is 0.0004 ETH (approximately $1.28), and trading volume is over 81,400 ETH.

Ticker$PRIME
DescriptionFree-to-Play and Play-to-Earn TCG Game
BlockchainEthereum
(Fully diluted market cap)$887 million
Launch year2023

11. Yield Guild Games: Funding the next generation of P2E

best P2E blockchain-based games | Yield Guild Games
Yield Guild Games | Source

Yield Guild Games (YGG) is a decentralized gaming organization (DGO) focused on play-to-earn (P2E) blockchain games.

It operates as a guild, acquiring and managing in-game assets like NFTs and scholarships for members to borrow and use in various P2E games.

YGG also invests in promising P2E projects, aiming to influence the development of the play-to-earn ecosystem.

Yield Guild Games Gameplay & Token Utility

  1. Scholarship program: YGG provides scholarships to play to earn gamers who lack the initial capital to play P2E games. Scholars borrow in-game assets, earn rewards, and share a portion with the guild.
  2. Investing & governance: YGG invests in promising P2E projects, exposing members to the sector’s potential growth. The YGG token grants voting rights on guild decisions and future project investments.
  3. Community & reputation: YGG fosters a vibrant community through events, tournaments, and social media platforms. Its reputation system rewards members for contributions and achievements, building a trusted network of players.

YGG holds a unique position in the P2E space due to its scholarship program, investments towards ecosystem growth, and community collaboration.

However, the success of YGG’s model is heavily dependent on the performance of individual P2E games and the overall health of the blockchain gaming market. Additionally, the token’s price volatility might not appeal to risk-averse investors.

Ticker$YGG
DescriptionDecentralized gaming guild facilitating P2E access and investment
BlockchainEthereum
(Fully diluted market cap)$433.5 Million (as of January 23, 2024)
Launch year2020

How can I determine the best P2E blockchain-based games?

Earning & selling

  • Play-to-Earn Payouts: Look for games with strong tokenomics, healthy user bases, and active trading for earned tokens. Transparency in token distribution and rewards is crucial.
  • Multiple Earnings: Diversify your income with games offering breeding, crafting, land ownership, and staking. This reduces risk and caters to different skill sets.
  • Passive Income: Consider staking or land ownership for income even when not actively playing.
  • Liquidity: Ensure earned tokens have good liquidity on exchanges for easy conversion. Active peer-to-peer marketplaces offer flexibility and potentially higher returns.
  • Payout Frequency: Regular payouts provide flexibility for reinvestment or spending, while predictable schedules allow for financial planning.

Beyond earnings

  • Security: Choose games with audited smart contracts to minimize hacking risks.
  • Community: A vibrant community is essential for long-term success and can offer valuable support.
  • Intuitive Gameplay: Especially for newcomers, user-friendly interfaces enhance enjoyment and attract casual players.

HODL or sell?

There’s no one-size-fits-all answer. Here’s a breakdown of both approaches:

  • HODLing: Hold assets (tokens & NFTs) hoping for future appreciation. This requires research into the game’s long-term potential.
  • Selling: Sell earned tokens and NFTs regularly for immediate profit. This minimizes exposure to potential value decline but sacrifices long-term gains.

Staking for passive income

  • Staking allows you to lock up tokens or NFTs for earn in-game rewards. This is similar to crypto farming, but rewards vary depending on the game and market conditions. Consider your risk tolerance before staking, as it involves temporary asset illiquidity.

Remember:

  • The P2E landscape is dynamic. Regularly sell earned assets if concerned about a game’s longevity.
  • Diversify your investments across different games and asset types to mitigate risk.
  • Conduct thorough research before investing in any P2E game. Stay informed about the P2E space, market trends, and individual game developments.

By following these tips, you can make informed decisions and maximize your enjoyment in the exciting world of P2E games.

P2E crypto games comparison chart

ProjectChainMax supplyStaking rewardsIn-game rewardsSecurity auditPhase of development
The Meme GamesEthereum2.2B1,200% APY (Rate is dynamic)$MGMES✔️Pre-sale
PlayDogeBinance9.4B163% APY (Rate is dynamic)$PLAY✔️Pre-sale
Shiba ShootoutEthereum2.2B1,300% APY (Rate is dynamic)$SHIBASHOOT✔️Pre-sale
Sponge V2Ethereum150B278% APY (Rate is dynamic)Sponge V1✔️Pre-sale
HypelootEthereum100M$HPLT/$USDC✔️Active
Guild of GuardiansEthereum1B25% APY$GOG✔️Active
ShrapnelAvalanche3B20% APYSHRAP tokens and NFTs✔️Alpha
Star AtlasSolana360BN/A$ATLAS✔️Active
PallarelEthereum11BN/A $PRIME✔️Active
Yield Guild GamesEthereum & Polygon, Immutable X (To address scalability issues)1B
9.9% APY YGG tokens✔️Active

Are play-to-earn games worth your time?

Play-to-earn (P2E) games have become a hot topic in crypto and gaming. The promise of earning cryptocurrency while enjoying a fun pastime is undeniably alluring.

While the financial potential is a significant draw, it’s important to remember that P2E games are not guaranteed money machines. The market for in-game cryptocurrencies can be volatile, and initial investments may not translate into substantial gains.

However, for some players, the potential rewards have outweighed the risks, with certain P2E games showcasing remarkable price increases that transformed early adopters into crypto millionaires.

Here are three compelling examples of P2E games where early adopters struck gold:

  1. Axie Infinity (AXS): This Pokémon-inspired game launched with AXS tokens hovering around $0.10 in 2018. Fast forward to November 2021, and AXS peaked at a mind-blowing $165. This 1,650x return on investment (ROI) made Axie Infinity one of the most profitable P2E games ever, turning early adopters into crypto legends.
  2. Decentraland (MANA): This virtual world platform’s MANA tokens began trading at around $0.02 in 2017. By November 2021, MANA had reached an astonishing $5.85, representing a 29,250x ROI. Decentraland’s meteoric rise was fueled by the burgeoning metaverse craze, proving that P2E games with unique features and strong communities can experience incredible growth.
  3. The Sandbox (SAND): This voxel-based metaverse platform launched with SAND tokens valued at around $0.01 in 2020. By November 2021, SAND had surged to $8.40, a staggering 84,000x ROI. The Sandbox’s focus on user-generated content and partnerships with major brands like Atari and Adidas propelled its token to dizzying heights.

These success stories, while tempting, represent the exception rather than the rule. For many P2E players, the grind of earning in-game tokens is met with meager rewards, often failing to cover the initial investment in assets like NFTs.

The volatile nature of the crypto market can further erode potential profits, making P2E games a risky proposition for those solely focused on financial gain.

Risks and considerations

The P2E landscape is dynamic and volatile. Several factors can influence a game’s token value, including:

  • Gameplay and Community: Engaging gameplay, a thriving community, and constant updates are crucial for long-term success. Games that fail to captivate players will likely see their tokens decline.
  • Market Fluctuations: The entire cryptocurrency market is susceptible to fluctuations. A general downturn can drag down even the most promising P2E projects.
  • Sustainability and Tokenomics: The game’s economic model and token distribution are vital. Unsustainable models or inflationary tokenomics can lead to devaluation.

Where to buy the best P2E blockchain-based games

Digging further – into decentralized exchanges (DEXes) reveals a more dynamic environment characterized by peer-to-peer transactions.

Platforms like Uniswap and PancakeSwap operate on liquidity pools, where token values are determined by algorithms based on supply and demand. While this landscape offers potential rewards, it comes with heightened volatility and associated risks.

For a more curated trading experience, specialized marketplaces like Star Atlas Galactic Market can provide a secure space for direct player-to-player transactions.

When deciding on a crypto-gaming platform, comparing the fee structures and prioritizing security is imperative. You must choose a platform that emphasizes user safety and boasts robust security measures.

Avoid being swayed by excitement and take the time to delve into the game’s tokenomics, roadmap, and community to evaluate its long-term viability before committing any funds.

Remember, the crypto-gaming landscape is continuously evolving, so conduct thorough research to protect yourself and proceed cautiously.

How to buy P2E tokens

Buying your chosen tokens requires completing a few easy steps. Here’s a step-by-step guide on how to get started:

Step 1 – Identify a suitable cryptocurrency exchange

To purchase tokens, start by identifying a suitable cryptocurrency exchange platform—research reputable exchanges with a user-friendly interface and positive reviews.

Popular choices include Binance, Coinbase, and Kraken. Once you’ve chosen a platform, create an account by providing the necessary personal information and completing the verification process.

Step 2 – Fund account with suitable payment method

After your account is verified, deposit funds into it. Most exchanges accept fiat currency (USD, EUR, or GBP) or other cryptocurrencies as deposits. Choose the preferred method and follow the instructions to add funds to your account.

Be mindful of deposit fees and processing times associated with different payment methods.

Step 3 – Locate token

Now that your account is funded, locate the token you want to purchase. Exchanges typically list various tokens, and you can use the search function to find your desired one.

Once found, check the current market price and any relevant trading pairs. Some tokens are paired with major cryptocurrencies like Bitcoin or Ethereum.

Step 4 – Buy the token

When you’ve chosen the token and trading pair, initiate a buy order. Specify the amount of the token you want to purchase and set any additional parameters, such as limit or market orders.

Double-check the details before confirming the order. Market orders execute immediately at the current market price, while limit orders allow you to set a specific price you’re willing to buy.

Step 5 – Monitor token Performance

Monitor your purchase in the portfolio section of the exchange. Your acquired tokens will be reflected in your account balance. Consider transferring the tokens to a secure wallet for added security, especially if you plan to hold them for the long term.

“Games and game engines are starting to move to the forefront of the metaverse. I would extend this to any of the major crypto projects. Bored Apes, CryptoPunks, Axie Infinity, everything that’s happening at Dapper Labs — it’s very clear that games are the centerpiece here.”

Matthew Ball, Managing Partner at EpyllionCo & Makers Fund

FAQs

Can crypto games generate real money?

How much money can you make from P2E games?

Can you earn money from playing games without spending anything?

Is daily play required to start earning?

What’s the first step to making money with crypto games?

Is there a high demand for play-to-earn crypto games?

References

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Sal Miah
Editor

Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.