So, you want to know what is crypto gaming and how to invest in blockchain games? We created a user-friendly guide in which we’ll explain how crypto gaming works. You’ll also learn how to earn in-game assets and the main risks of using cryptocurrency for gambling.

In addition, we’ll discuss the future of the crypto gaming industry to give you a better insight into this sector.

What Is Crypto Gaming?

As its name suggests, crypto gaming is a term that refers to combining cryptocurrencies and traditional video games. This concept uses blockchain to enable players to own and trade in-game assets with real-world value.

These types of games use a play-to-earn mechanism. This mechanism allows players to earn crypto and NFTs as a reward for completing specific quests and challenges. Each crypto gaming platform will use its native tokens to reward its users for participating in its games and events. Some of the best play-to-earn game types include card, strategy, racing, and adventure P2E games.

Blockchain technology also enables players to own virtual lands, make purchases, and conduct in-game transactions in a decentralized manner. Moreover, gaming tokens will have a multi-utility nature. Players will be able to use them to play games, conduct trades, and vote.

How to Invest in Crypto Gaming

Now that you know what crypto gaming is, there are several ways to invest in new crypto gaming coins. The best way is to purchase them during their presale. That said, preference should be given to gaming crypto coins with large growth potential. You can also profit by staking your tokens, minting NFTs, and trading your in-game assets.

Investing in the best crypto games also implies using a well-thought-out strategy. Since the blockchain games list is very long, you should concentrate on the types of games that best suit your playing style. For example, if you’re into adventure games, opt for P2E games that reward their players for completing specific quests.

In addition, you should pay attention to the project’s tokenomics system, development team, partnerships, and goals. All the abovementioned factors will help you determine whether a particular token has long-term potential.

How Much Money Is in Crypto Gaming?

How much money can be earned by playing crypto games? The answer will depend on the game mechanisms, the player’s level, and market conditions. That said, some crypto games use a reward mechanism that will be triggered once players complete a specific task. On the other hand, platforms that use a player-versus-player mechanism will reward only the players who win in their PVP tournaments.

The players’ levels will also play an essential factor. For example, some gaming platforms will reward their players for advancing through their game. Keep in mind that the value of in-game assets will depend on market conditions. If the demand for a particular asset is high, it will also be reflected in its value. The asset will trade at a lower price if the demand is low.

How Do Players Earn Assets?

Players can earn in-game assets in several ways, such as:

  • Completing specific tasks and challenges. Most crypto games will reward their players for completing specific tasks. These tasks can include solving puzzles, taking care of virtual pets, racing from one place to another, etc.
  • Participating in tournaments and events. Some blockchain gaming crypto platforms will offer various tournaments and events. Participants in these events will be able to earn crypto rewards by competing against each other. These rewards can include cryptocurrencies and rare NFTs.
  • Leveling up their character. Some gaming platforms allow players to earn rewards by leveling up their characters.
  • Joining the referral program. Gaming platforms that have a referral program will reward the users who refer them to their friends with bonus tokens.

As you can see, crypto games use different reward mechanisms to help their players earn their in-game assets.

What Are the Risks of Crypto Gaming?

The main risks associated with crypto gaming include:

  • Scams. Not all gaming platforms are legitimate. For example, in 2022, Anirand developers released their multi-utility tokens and NFTs. However, before releasing their game, they removed their tokens from liquidity pools. This resulted in the theft of around $550,000. To avoid scams, give preference only to platforms that are transparent about their goals. You should also avoid P2E platforms that promise unrealistic ROI.
  • Market volatility. The crypto market is very volatile. This means that the prices of P2E tokens will often fluctuate. Their value will also be related to their number of active players. If a certain crypto game has a small number of active players, its native token will have a low value in the crypto market.
  • Regulatory concerns. Before investing in the top gaming crypto tokens, make sure that cryptocurrencies are legal in your jurisdiction.

The Future of Crypto Gaming 

The size of the global blockchain gaming crypto market should reach $65.7 billion by the end of 2027. This means that its CAGR could amount to 70.3% for the period between 2022 and 2027.

The main reason that could contribute to this upward trend is the decentralization of video games. Other reasons include the rise of technology, as well as the switch to Web 3, which will further increase the popularity of top P2E games.

Moreover, many notable gaming companies, such as Ubisoft and Konami, have started to partner with crypto gaming companies. This will increase public interest in the crypto gaming industry, which could become a new trend among crypto investors.

Although blockchain gaming is still in the early stages of development, its future looks bright. If blockchain games manage to reach mainstream gamers, they could change the gaming industry as a whole.

Conclusion

What is crypto gaming? Crypto gaming is a fusion of blockchain technology and traditional gaming. This concept is becoming increasingly popular among crypto investors because it enables players to own and trade their in-game assets in a decentralized manner.

Players will also be able to earn in-game assets in several ways, from completing tasks and participating in tournaments to leveling up their characters. There are several types of crypto games. The most popular include card, strategy, adventure, and racing P2E games.