Play-to-earn allows gamers to earn a consistent stream of cryptocurrency just by playing the game. The benefits vary according to the game, but they usually come from staking, farming the game’s currency, or generating tradeable NFT products. Users in older blockchain games depended heavily on luck to generate money. Play-to-earn, on the other hand, has built in-game economies and business models that allow users to earn money while playing.
One well-known example is Axie Infinity, which runs on the Ethereum blockchain. Traditional video game themes and gameplay have been blended with the ancient blockchain gaming paradigm in this game. Axie Infinity, for example, includes adventure mode, PvP fights, and tournaments, all of which are common in the traditional gaming business. For Windows, Android, Mac OS, and iOS, the game is available.
Play-to-earn games are classified as GameFi since they combine gaming with finance. Each game offers monetary rewards for playing and progressing. As previously said, there is frequently a grind involved in repeating specific behaviors that allow users to earn money in two ways:
To earn significant staking rewards, though, you’ll need a substantial initial deposit.
Depending on the market pricing and playtime, players can earn anywhere from $200 to $1,000 (USD) per month cultivating SLP. Farming rewards are often smaller than trading NFT animals and items, but they are safer for someone who requires a steady income.
You may even utilize your NFTs (Axies) to breed new ones in games like Axie Infinity. The value of a newly bred Axie, on the other hand, is impossible to anticipate. The highest expensive Axie (Angel) sold as of October 2021 was $131,970 on Nov 7, 2020, and is now advertised at 3,000 ETH. While these figures are appealing, due to the random nature of play-to-earn games, estimating an average revenue for someone selling NFTs from them is challenging.
RoboFi (https://robofi.io/home/) is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.
VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.
I'm Carina, a passionate crypto trader, analyst, and enthusiast. With years of experience in the thrilling world of cryptocurrency, I have dedicated my time to understanding the complexities and trends of this ever-evolving industry.
Through my expertise, I strive to empower individuals with the knowledge and tools they need to navigate the exciting realm of digital assets. Whether you're a seasoned investor or a curious beginner, I'm here to share valuable insights, practical tips, and comprehensive analyses to help you make informed decisions in the crypto space.