Play to Earn Scholarship: Origin and the process of Earning

Play to Earn Scholarship: Origin and the process of Earning

The play to earn model of online games is a revolution and has been trending for over two years. Its first breakthrough came with the worldwide lockdown, where everyone could not go outdoor. And some were inadvertently forced to get entertained by whatever means from within the home. Some traditional game lovers could quickly switch to game playing, while others saw how profitable game playing has become.

Game lovers from the Philippines, Venezuela, Brazil, and other countries quickly discovered the potential income from play to earn scholarship. Meanwhile, engaging with these games provided a means of killing two birds with a stone – entertainment, and income. Even after the pandemic, gamers’ accounts became fat with these NFT games that fetched valuable assets that could be converted into real-life currencies. 

Not everyone is also excited about the innovation called crypto games; some are just skeptical about the whole thing. Perhaps you have been indifferent; learning one or two things about play to earn scholarship cannot harm. Besides, learning more about it will guide your decision-making and bring you to the right place. Also, this article will guide you to learn the ropes of NFT games with the play to earn scholarship model.

Definition of Play-to-Earn Games

A good question will be, how did we arrive at the name “play to earn” for video games? The term already gives an idea that play to earn scholarship reward you, unlike traditional games that you play for fun. The reward, in this case, is cryptocurrency or NFTs, which can be converted to real currency. Whereas the process of players earning from these games also involves them making the same commitment as they do with traditional games.

The other type of model standard with traditional games is the pay-to-win game model. Meanwhile, the play-to-earn gaming model allows the players to earn valuable cryptocurrencies or a unique NFT that can be sold for real value. Play-to-earn games are popular because they offer players two key benefits – entertainment and income. But how exactly do these play-to-earn games work in rewarding the players and making their time worthwhile?

 Play-to-Earn Games work

When players engage with traditional games, the inbuilt assets are only valuable inside the game and cannot be valued outside of it. In other words, they don’t have real value in the real world. However, the game player can exchange the play-to-earn in-game assets with real-world value. In addition, the traditional game is wholly controlled by the game developer, and he can choose to close it anytime. But such a thing cannot happen with P2E modeled games

Play-to-earn games allow players to hold the potential value embedded in the game as in-game digital assets. These assets can be of any type, such as cards, skins, characters, virtual lands, or any specific type of cryptocurrency. And the more a player plays and accomplishes different tasks, he gathers these assets in his collection. On the other end, the asset gains more value due to its uniqueness and rarity. 

Play to Earn Scholarship: Origin and the process of Earning

After earning the digital assets, the players can decide to transfer any of these assets to the real world. He can sell or exchange them within the game environment to other players or sell them in a third-party marketplace. The medium of exchange can be cryptocurrency or real money on their terms. However, the traditional games are on a centralized platform, while the play-to-earn games are decentralized. 

The implication is that the game developer does not have control over all the items in the power center. In-game assets can also be distributed among the players who are most actively partaking in the game. And when each player takes part in the game, they automatically generate value for other players and the game developer. But the real gain of the game developer comes when any transaction takes place, and he places a charge such as the gas fees. 

Why Play-to-Earn Games are called Crypto

Do not be surprised when you find that play-to-earn games are crypto games. The reason is good and simple: the more you play the game, the more you can earn cryptocurrency. And we are not talking about low-rated coins but high-value coins like Bitcoin and Ethereum. This value can be highly motivational for the players who hope that the value of the cryptocurrency can rise in the market and you suddenly become rich. 

Although the P2E games reward players with cryptocurrencies in bits, they can accrue and become real wealth. Also, we are not talking about fables here but real action that millions of players globally are already earning. When the player completes a task, contest, or battle, they earn a reward for the process. But there are two major approaches that developers can take to build a highly profitable game.

Play to Earn Scholarship: Origin and the process of Earning

Native Cryptocurrency

Game developers may decide to create a game with its native cryptocurrency as tokens. This process requires first creating a blockchain project and designing the tokens. Finally, the developer closes the deal with smart contracts on the blockchain network. At the same time, these tokens may also serve as the usual in-game currencies, only that they have a real-world value. Examples of these native cryptocurrencies found in specific games are the SLP and the AXS.

SLP stands for Smooth Love Potion, while AXS stands for the Axie Infinity Sheared tokens. Both are found in the world’s most popular play-to-earn blockchain game known as Axie Infinity. And the cryptocurrencies exist on the Ethereum blockchain, which implies that these tokens have a value that can be exchanged for the ETH coin. Meanwhile, just like the other cryptocurrencies, the values of these tokens can also go up and down in the market.

Existing Cryptocurrencies

Apart from the native cryptocurrency, game developers can use another method, the existing cryptocurrencies. When the developers take a second look at the game, they may decide to go for a direct shot on existing coins. For example, the developer may stick to Bitcoin, Ethereum, Cardano, Dogecoin, or other crypto coins. Since the names of the coins are already familiar, the associated cryptocurrencies are tagged alongside these names. 

Examples include Bitcoin Tycoon or Bitcoin Pop. In other cases, they may have the crypto prefix such as Crypto-kitties or Crypto dragons. As the player explores the reward system of these games, the units of reward cryptocurrencies may take a while before ti accrues to real wealth. However, monetization is actual, even if it takes a long process. 

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Top 4 Play-to-Earn NFT Games for Android in 2022

Top 4 Play to Earn NFT Games for Android in 2022

You must have heard a great deal about play to earn games but perhaps not much about the compatible devices. It is easy to assume that this new gaming model is only suitable for gaming consoles or PCs. But the fact is that players can also enjoy some of these play to earn games on their mobile devices. In other words, the players don’t have to wait for the time when they arrive back home with their console. They can now install and play the games on mobile devices.

The compatible mobile operating system is the Android, and since this model allows players to earn money, it is worth the effort. Remember that play to earn games have a rewarding model for players who are equal investors in the game. When they accomplish different contests or complete a task, they earn in-game tokens, and some of these tokens are exchangeable in the game or the marketplace. NFT games bring the possibility of earning huge rewards from playing these games to reality. 

Now, you don’t even have to worry about the availability of an entire gaming console anymore. You can try them out on your Android devices and continue to make your money. This article has compiled some of the top options of play to earn games that are particularly downloadable on your mobile device with Android operating system software. Before we discuss the specific games compatible with Android devices, we would like to discuss the peculiarity of playing these P2E games on your mobile devices.

What is unique about play to earn games on Android?

The possibility of earning from playing games used to be a farfetched idea, but the invention of NFT games changed that. In the NFT gaming marketplace, the P2E model and in-game assets are of immense value, and these games are therefore in huge demand. Moreover, game lovers and players can also begin to earn passive income from playing these games. The popularity of these NFT games can also be minimal for initial investment and a subsequent valid return.

As for their compatibility with Android mobile OS, users have a great deal on their hands. Also, these NFT games are top-rated because of the initial investment, and then the subsequent return was valid. At the same time, these Android NFT games can allow the players even to earn rewards with the other players. They can draw the various gaming genres are different, including strategy, actions, and hyper-casual settings. 

Top Play to Earn Games for Mobile devices

  1. Axie Infinity

The number one NFT game to consider, whether on the gaming console or the mobile device, is the Axie Infinity. The fame of this game has further popularized the set of NFT games. At the same time, this Axie Infinity is also built on the Ethereum Blockchain technology, and the rewards can therefore be converted into the ETH coin. This game comprises a charming way of different characteristics that are also minor. 

Top 4 Play-to-Earn NFT Games for Android in 2022

The concept is also dependent on the lovely monsters known as the Axies that are unique to the others. For instance, the Axies could be vital in strength and other qualities. Since its first launch in 2018 when Axie Infinity became notorious for the amount of money these players are making with cryptocurrencies. Moreover, the game’s core objective is to breed as many kinds of axies as possible and in their different kinds. 

Players can also trade these tokens with other players within the game. On the other hand, they can trade the in-game tokens or buy and sell within the marketplace. 

  1. Splinterlands

Splinterlands is also well-known for its suitability with the Android OS of mobile devices. The game development company is also known as the Splinterlands, while the game is based on playing cards. Perhaps, this simplicity of the game is one of the reasons why it is very suitable to be integrated into a mobile device. Also, as a card-based NFT game, it allows individual players who are tired of mere card playing to derive income through a play-to-earn model.

Players who need financial liberty and love playing card games can take advantage of this opportunity. This game also begins with a player having access to a set of cards. As the game proceeds and the player wins, he gains access to more rounds of the card-playing adventure. It only takes a short period before the number of cards can increase. In addition, you can also win DEC tokens that can help you complete every week.

Top 4 Play-to-Earn NFT Games for Android in 2022
  1. Forest Knight

The next play-to-earn game to check out is the Forest Knight, in which the central character is the knight. This game has a strategy that can transport the player’s character into a fantasy realm. It can also turn the game into a full-fledged economy of different token standards. In addition, there is a large virtual area of different places, creatures, characters, and entertaining stuff for discovery. 

The player will then continue to advance from one level to another higher level. On the contrary, the player character can crash or gain some necessary experience to sync the entire game as one when the player participates in the player-vs-player (PVP) mode, which a player can only qualify for at level 6. You get a notable NFT with other helpful items when you complete the assignment. Also, there are more than 100 objects within the game environment.

As you play the game, you can also assemble a team of knights who have various powers and fighting styles. Meanwhile, the progress allows the players to create a new city to build a virtual economy. At the same time, the citizens must possess enough food, shelter, clothing, equipment, and other necessary items of immense value to them. Remember that it takes an entire armor or weapons to defend your city against attacking monsters and dragons. 

  1. Delta Time

Delta time is one top NFT games suitable for download and play using an Android-based device. The general expectation or idea is that the player who would love this will already be a Formula One lover. Therefore, what the game does is integrate the gaming platform. Meanwhile, it may not show to have its fundamental components in place before you begin to play the game. However, you can discover very many fascinating characteristics of the game.

Players within the Delta Time category can be dicey at times, but one thing is sure: this game is about racing. The players can navigate the GrandPrix mode; all centered on blockchain technology. Another peculiar feature of this game is the ERC-20 shock that can serve as a REVV in-game asset in the form of valuable cryptocurrencies. 

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Uncommon Questions about Play-to-Earn Games

Uncommon questions about play to earn gaming

The first time anyone hears about the fantastic potential of play to earn gaming, it is easy to ignore some essential questions. Whereas not all the questions are found on the surface, one may have to dig deeper into the system to find them. Apart from identifying these questions, you must also unravel the correct answers to them to have a good adventure. Let us consider some of these strange questions and discover the correct answers.

How much should you spend on play to earn gaming?

Play to earn games are as equally entertaining as the other video games you know. However, it adds an extra exciting layer, earning real value from your playing time. Meanwhile, play to earn gaming often requires an initial deposit to buy a starter pack with your cryptocurrency. This principle depends on your choice of P2E game you want to play and determines how much you have to invest per the entry cost. 

For instance, if you want to start playing axie infinity, you will need to buy at least three different axies from other players in the Axie Infinity marketplace using cryptocurrency. These three axies are the requirement to begin the game, and each axie costs nothing less than $35 and even up to $70. These are even the common ones; the rare axies can cost hundreds of dollars. You may not even need to invest that much to start the game in other cases. 

However, note that even if the game does not require an initial deposit or entry fee, you will still need to spend to access the premium features. So, instead of simply paying to play the game, you now have an opportunity to earn more than entertainment but real value. In other examples, in games such as the Decentraland, the game player will need to create a MetaMask wallet. 

You will need to buy up to 100 MANA to build the game and claim a unique username for play in this game. For now, this initial deposit currently costs up to $216 at this present time. However, bear in mind that the cryptocurrency a player earns from these play-to-earn games comes with a measure of risks and no guarantee of return. Therefore, it is advisable only to invest the amount you are confident would not hurt you if you lose it. Only invest the amount you can afford, and you can manage to live without while the investment is yet to yield a reward. 

How to find existing and upcoming play-to-earn games

At this point, we assume you are ready to try out the NFT play-to-earn games; you will now need to choose one. In your choice, think of the games of genuine interest to you or align with an area you would like to explore. For instance, you may be interested in wars, battles, conquests, real estate, etc. There are more than 400 active blockchains NFT games on the network, and finding the best one among them is no small task.

A simple approach to this decision is to prepare for thorough research. See this step as that of an investment such as stock that requires you to understand the entire system. Also, you will need to get the correct information before getting to the point where you invest your money. There are two significant places to look and learn about new play-to-earn games on data tracking websites. 

Uncommon Questions about Play-to-Earn Games

They are the DappRadar and the CoinMarketCap, and each one is different in some peculiarities. For instance, the former has a significant insight into the GameFi marketplace depending on the volume and the users. On the other hand, the latter gives the player some insights into the token price trends and helps determine the right time for you to launch into the game. 

The Profitability of Play-to-Earn Games

The beauty of the play-to-earn game is that players can derive entertainment and financial rewards. On the other hand, the rewards are not typical, and neither can you expect non-varying returns. For example, as of July 2021, the Crytoday newsletter published that an average Axie Infinity player could earn up to 1125 Smooth Love Potion (SLP) tokens each week. The rate back then was about $0.3462 per token, implying that the estimated earning is about $389.48 every week. 

Subsequently, the price and value of tokens fell drastically, so much that by the time the Three-Body Capital Management revised the value. As of November 2021, it was stated that the drop in value of the SLPs had pitched the estimated weekly earnings to be about $100 each week. The actual gameplay is the answer when it comes to earning returns from the metaverse. 

Uncommon Questions about Play-to-Earn Games

When focusing on the Decentraland P2E game, a further report of observations spanned between September 2020 and 2021. The report showed that the secondary market for NFT sales in the game grew between 2 to 5 times, surpassing the $100 million mark. This positive expansion encouraged the game developing company to launch a single-asset trust for its token (MANA) in early 2021.

Are Play-to-earn games worth it overall?

The question of if P2E games are worth the investment of time and money is evident to the eyes. But just like every other business involving finances, it requires its risks and therefore calls for intelligent minds. It will be unwise to take these games as a get-rich-quick scheme because it may harm. However, if you can maintain the right mentality and put in the excellent work, you will soon get the expected results. 

Conclusion

Finally, it requires patience when considering the questions to be answered before playing NFT play-to-earn games. In addition, one needs to do thorough research that involves knowing where to look and defining what you are looking for. Moreover, many, if not all, of these profitable crypto games come with some measure of initial financial commitment. Therefore, you must factor in this entry fee concerning the time it will take to master the game and begin to win. Remember that the earnings are the rewards of winning the game in context. While a lot of productive time may be in your hands, it is advisable to use it wisely for enjoyment and as an investment. 

More to read: How to Upgrade your Clicgear Buggy in 2021

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