We’ve all played video games at some point. The idea of playing video games and making money at the same time may seem like a dream come true, but thanks to play-to-earn games, it’s become a reality.
If you want to earn extra money playing basic games, this article is for you.
Contents
- KooKoo’s Story
- What are Play to Earn (P2E) Games?
- Infinity Axis
- Other Crypto Games
- Application
KooKoo’s Story
This Filipino Uber Driver Became a Millionaire by Playing Crypto Games. Here’s How You Can Also Earn Your First Million as a Crypto Gamer
KooKoo’s inspiring story in a nutshell:
KooKoo was a broke college dropout who started working as a waiter in a restaurant and later as an Uber driver, struggling to earn $1000 a month. One day he read an article about crypto gaming and decided to give it a try. That’s when the magic happened. He fell in love with Axie Infinity and started making money, eventually turning it into his full-time career and becoming a millionaire in crypto gaming.
Want to make money like KooKoo? Read this article for full details.
What are play-to-earn (P2E) games?
Play-to-earn (P2E) games do exactly what they promise — they pay you to play games. These games are especially popular with cryptocurrency investors, who can earn rewards ranging from tokens to NFTs.
The video gaming market is estimated to generate $282 billion in revenue in 2024 and reach $363 billion by 2027, with a compound annual growth rate of 8.76%. The global cryptocurrency gaming market was valued at $9 billion in 2021 and is predicted to reach $90.51 billion by 2031.
Axie Infinity:The Game That Made KooKoo a Millionaire
Axie Infinity is a wildly popular play-to-earn game where players can earn cryptocurrency while enjoying a Pokémon-style experience. In the game, players breed and raise digital creatures called Axies that they can exploit in battles. In addition to collecting Axies from the in-game marketplace, players can also purchase virtual properties minted as NFTs. All transactions are processed and recorded on Ronin, a sidechain created by Sky Mavis.
As a play-to-earn game, Axie Infinity allows players to sell their in-game assets, including Axies, on the market. Players can also earn tokens in two main ways:
Axie Infinity Shards (AXS): This is the primary token that also serves as a governance token. AXS can be purchased through cryptocurrency exchanges or exchanged for other major currencies such as Bitcoin or Dogecoin. There is a confined supply of about 270 million AXS tokens.
Smooth Love Potion (SLP): This special token is awarded to players for completing quests and winning battles.
To start playing Axie Infinity, you will need a cryptocurrency wallet that works with the Ethereum blockchain. You will also need ETH and a Ronin wallet to connect to the game. Once set up, you can play on a variety of devices, including PC, Mac, Android, or iOS.
Axie Infinity was developed by Sky Mavis, a Vietnamese studio founded in 2018. The game was first released in March 2018 and gained significant popularity in 2021 and 2022. By 2021, it had become one of the largest crypto apps on Ethereum.
Although the game had almost 3 million players per month in 2022, the latest statistics from Active player.
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Application
Play-to-earn games offer exhilarating opportunities to earn cryptocurrencies and enjoy virtual experiences, but it’s essential to approach them with caution. The cryptocurrency space is notorious for its volatility and potential scams, so thorough research is indispensable before investing time or money.
Please note that this article is for informational purposes only and does not constitute financial advice. For personalized guidance, consider consulting a financial advisor to make informed decisions based on your circumstances.
