With a plethora of play-to-earn options out there (and many, many more in development), users are spoilt for choice. But first things first, you must understand how rewards are earned, how in-game money can be converted to crypto, and what you can hope to earn from your gaming experiences.
How to pick the right play-to-earn game for you?
With a plethora of play-to-earn options out there (and many, many more in development), users are spoilt for choice. But first things first, you must understand how rewards are earned, how in-game money can be converted to crypto, and what you can hope to earn from your gaming experiences.
1. Check your investments
All these play-to-earn games have an initiation process, where you are required to make an investment of a kind, such as Axie Infinity requiring the purchase of at least three ‘Axies’ to start playing.
Many of today's crypto games are built on the Ethereum blockchain, so you'll need to buy Ether to play them. Converting your money to Ether will need a crypto exchange like WazirX.
2. Pick your treasures
Another factor to consider before you start playing is the type of rewards you’re looking for. Different games provide different rewards, often NFTs and in-game currencies that can be converted into real-world currencies.
In some cases, players can earn the native currency of the platform; for example, Coin Hunt World, running on Ethereum, allows users to solve mysteries and get rewarded with Bitcoin or Ether. Set up a digital wallet on WazirX allows you to store these currencies and link them to your favourite game.
3. Go for easy cash outs
The cashing out process of a game is another factor to look out for. Some NFTs can be time-consuming to sell, while the valuations of in-game coins can fluctuate massively. Before investing, make sure you understand how you can utilise these earnings for real-world purposes.
Source: BloombergQuint
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