How To Make Money With Crypto Games

Play-to-earn (P2E) or crypto games are the next biggest innovation in the gaming sector, blending traditional gaming conventions with blockchain mechanics and token economics. – We’ll show you how to make money with crypto games in this article.

It is a fast-growing sector, with countries like Saudi Arabia diversifying their economy by investing over $38 billion in the blockchain gaming economy.

These blockchain-based games allow gamers to build a new income stream while enjoying their work.

Here are some of the best ways to make money with crypto play-to-earn games:

1. Play and Earn Tokens

Play-to-earn games leverage the capabilities of blockchain technology to tokenize in-game assets and items. These assets are transformed into distinct entities known as non-fungible tokens (NFTs) or fungible tokens, existing securely on a blockchain. 

You can participate actively in the game to earn these tokens or in-game assets and sell, stake, or lease them for cash or more rewards. Participating actively involves completing tasks, challenges, or missions within the game.

For example, in Axie Infinity, you can take part in player vs player battles to earn points. You can also claim daily rewards to boost your rank and earn Axies.

2. Invest in Rare Items 

Like traditional games, many crypto games have rare items to power up characters. These items hold high value for their rarity and can be sold at high prices.

You can discover or conquer these valuable in-game items or collectibles that are scarce or in high demand in the game or invest in acquiring them early on during presales. As their value increases, you can then sell or lease them.

For some play-to-earn crypto games, these items can be characters, weapons, or territories.

In meme combat, a meme-themed play-to-earn game, you can earn meme coins  and memes to enter battles

3. Trade on Marketplaces 

Many play-to-earn games have integrated marketplaces where you can sell tokenized assets. Other players or collectors can purchase these assets using the game’s native cryptocurrency or other compatible tokens. 

Some assets gain significant value due to their rarity or utility, resulting in a thriving secondary market. Use these decentralized marketplaces or exchanges to buy, sell, and trade in-game assets and tokens. Look for arbitrage opportunities and monitor market trends to maximize profits.

4. Become a Guild Leader or Organizer 

Another lucrative way you can earn money with crypto games is to organise events, tournaments, or guilds within the game and charge membership fees or collect a percentage of earnings from participants.

5. Become a Crypto Gaming Content Creator

If you love creating content and going live while playing games, you can build a stream of income by producing content related to crypto games.

You can produce tutorials, guides, gameplay videos, or even host streaming sessions on platforms like YouTube, Twich or other streaming platforms. Then, monetize your content through partnerships, advertising, sponsorships, or donations.

6. Are You A Skilled Programmer? Become a Mods or Extensions Developer

Suppose you are a programmer with experience in game development. In that case, you can find a career in developing mods, extensions, or plugins that enhance the gaming experience or provide additional features in crypto games. The average annual salary for Game developers is between $100,000 to $180,000.

You can monetize your mods, extensions, or plugins through licensing or donations.

Additionally, you can create content to teach gamers how to make mods and extensions, and you can monetize it.

7. Participate in Governance

Many P2E games involve their communities in decision-making processes through governance mechanisms. Token holders can influence the game’s development, updates, and other aspects, fostering a sense of ownership and involvement.

Suppose the crypto game you play has a decentralized autonomous organization (DAO) or governance model. In that case, you can participate in the decision-making processes and earn rewards for contributing to the development and improvement of the game.

8. Farm or Stake In-game Assets to Earn Passively

Besides selling your tokens or NFTs, you can join yield farming or staking pools within the game’s ecosystem to earn passive income through additional tokens or rewards.

The earned tokens can then be traded or staked again for more.

9. Are You a Social Media Expert or Gaming Influencer? Collaborate with Developers For Promotional Deals

If you have social media pages with large followers and are into gaming content, you can collaborate with game developers to sponsor their product. 

You can be paid in various ways :  custom in-game assets in exchange for compensation or a revenue share.

Most developers usually offer to pay in the game’s cryptocurrency. If so, you can stake your assets for more rewards.

Best play-to-earn crypto games in 2024

1. Meme Kombat – Best Crypto Game With 129% APY

Meme Kombat ($MK) is an Ethereum-powered presale and play-to-earn game offering an entirely different style. It is the first game to combine the most popular crypto memes and pit them against one another in combat with 129% APY for players and live wagering.

2. The Sandbox — P2E game for creatives that also follows the “land-as-NFT” model

Play together, create anything, and own virtual LAND. Whether your interest is in building unique experiences or designing voxel-based NFTs, Sandbox offers a variety of creative tools that can help you bring your imagination to life in the metaverse. 

Own everything you create and sell your designs and assets in the marketplace!

3. Axie Infinity — Pokemon-like P2E game with collectible monsters that duel.

Axie Infinity was built by Sky Mavis, a Vietnamese company. Besides the Axie (AXS) tokens, the game also has a secondary token called Sleep Love Potion (SLP). These tokens are needed for breeding and selling Axie creatures, which are Pokemon-like and have value as NFTs in the game. 

Additionally, you can farm, stake, rent, or sell your AXS and SLP tokens and Axie NFTs for money.

4. Decentraland Mana — Best crypto game for exploring the metaverse

Make new friends, explore diverse events, and spark your creativity in a virtual world built and owned by its community. Decentraland capitalized on the P2E narrative and the metaverse concept, a 3D immersive digital world built on the blockchain. 

In addition to Decentraland’s token, MANA, the team introduced the concept of virtual real estate to the platform. You can buy virtual LAND and do anything you can do to real land with it.

5. Splinterlands — Battle-focused crypto game based on the play-to-earn model

In Splinterlands, Players can make money by collecting, buying, and selling different cards, where each card has real value and can be exchanged for crypto or fiat thanks to blockchain. In other words, every card is a non-fungible token (NFT).

Splinterland’s design was heavily influenced by titles such as Magic the Gathering and Hearthstone. The game’s essential feature is the gameplay, which revolves around playing cards.

By learning the rules and mastering your card-dueling skills, you can get a chance to earn in-game tokens and rank better in the Splinterlands community. 

The main cryptocurrency in the game, which makes its ecosystem go round, is Dark Energy Crystal (DEC), which can be traded for other cryptos on exchanges or the in-game marketplace.