Riverfronttimes is a game-changing trend that’s bringing new ways to make money and transforming the way players can own and trade virtual video game items. The movement is driven by the enthralling confluence of blockchain technology and gaming, allowing gamers to earn assets that they can sell or transfer in a decentralized marketplace.

Players in a crypto game can win rewards or earn tokens by playing for fun, winning a tournament, or completing quests. Some games even have a real-world marketplace that lets gamers buy and sell virtual in-game assets, such as weapons, avatars, and plots of virtual land. These types of P2P (play-to-earn) and P2E games are driving a new wave of cryptocurrency gaming that’s both engaging and lucrative.

Play, Earn, Repeat: The Economics of Crypto Gaming

To play many crypto games, you’ll need a cryptocurrency wallet like MetaMask. This wallet will let you store and exchange the game’s native digital currency, which is used to buy in-game assets. Some crypto games also use non-fungible tokens (NFTs), which are unique digital tokens that represent ownership of in-game items and are secured by the blockchain. In these cases, gamers become the rightful owners of their game items and can sell or trade them within the game’s marketplace or on other external platforms, such as DMarket.

While in-game currency isn’t a new concept, the addition of blockchain technology and NFTs has made it possible for games to have a much more tangible value. For instance, in the NFT-powered metaverse game The Sandbox, gamers can buy and sell plots of digital land for as much as $1.6 billion.