P2E games, or play-to-earn games, are online games where players can earn real money or cryptocurrency by playing. These games run on decentralised platforms, which means they are not controlled by a single entity or organisation.

Decentralised platforms are based on blockchain technology, which allows for a secure and transparent network. In P2E games, players use cryptocurrency as in-game currency, and their earnings are automatically transferred to their digital wallets. P2E games on decentralised platforms offer a new way for gamers to earn money while playing their favorite games. These P2E games also promote decentralisation and blockchain technology, which could have a positive impact on the future of online gaming.

Decentraland

Decentraland is a three-dimensional digital game that imitates reality and operates on an Ethereum-based virtual reality world platform. It is an open-world metaverse that combines virtual reality, augmented reality, and the internet.Users can participate in shared digital experiences. These include gaming, collectibles exchange, buying and selling digital real estate, wearables for avatars, socializing, and interacting with each other. Decentraland’s software encourages a global network of users to collaborate in running a shared virtual world. It’s part of a growing trend in the metaverse that has led to a proliferation of meta-related coins. Decentraland distinguishes itself from other virtual reality games. It allows users to control their environment through a decentralized autonomous organization (DAO). The DAO enables users to vote directly on the game and organization policies.

Decentraland NFTs

To operate Decentraland, users create their unique environments, marketplaces, and applications using the platform’s three native tokens: LAND, Estate, and MANA. LAND and Estate tokens are ERC-721 tokens that make each token unique. They are used to create avatars, wearables, and unique parcels of land. MANA, an ERC-20 fungible token, serves as Decentraland’s digital currency. It enables users to monetize their creations and explore the virtual space.

Users can join in on scheduled community events such as concerts, movie screenings, and casino nights using Decentraland’s map. They can also buy or sell digital art and land, with clusters of land parcels having different characteristics, such as Vegas City, District X, Fashion Street, and Dragon City. To join, users must open an account. They should have a suitable Ethereum cryptocurrency wallet that securely holds funds, such as MetaMask. They must also create a passport, at which point they are assigned an avatar that they can name.

Apart from the gaming environment, Decentraland has released a marketplace and a drag-and-drop editor that allows users to access builder tools to create scenes. The marketplace also permits participants to manage and exchange LAND tokens, priced in MANA. Owners can use the marketplace to transact or transfer parcels and other in-game items like wearables and unique names. Transactions occur between Ethereum wallets, and Ethereum’s network verifies and logs them on its blockchain. The builder tools authorize owners to curate a unique experience within their LAND parcels. They are designed through its editing tool, where developers can access customization libraries and payment implementations.

The Sandbox

The Sandbox is a metaverse built on the Ethereum blockchain. Users can develop, trade, and monetize virtual real estate using different monetary means. Pixowl was the developer of the game. The platform is for enabling artists, creators, and players to unleash their creativity and also bring their imaginations to life. With The Sandbox, players can create immersive adventures. They can earn money using the game’s own cryptocurrency, which is based on the Ethereum blockchain. The game is unique in that it allows users to create worlds, characters, and digital assets. They can also be traded with other players using non-fungible tokens (NFTs).

The Sandbox NFTs

LAND is an ERC-721 NFT token that grants its holders rights over a 96×96 meters parcel of virtual land in The Sandbox metaverse. ASSETs refer to the voxel creations of artists and creators. One can mint them into NFTs following the ERC-1155 standard. ASSETs are the tokens that build the actual experience in The Sandbox metaverse. The economy of the metaverse is dependent on $SAND, the utility, and governance token within the metaverse used for trading goods on The Sandbox marketplace.

The Sandbox has three integrated tools, including VoxEdit, Game Maker, and Marketplace. VoxEdit allows players to create 3D objects that serve as the foundation for all game assets. Game Maker enables players to place assets on LANDs and apply gameplay mechanics. One can also export assets to the Marketplace in the form of NFTs for sale or trade. The Sandbox has decentralized means of governance, where SAND owners can control the policies. They run the metaverse through decentralized autonomous organizations (DAOs). It also supports cross-platform interoperability. The Sandbox is also unique due to its ability to tokenizing in-game assets and providing the users with the ability to utilize the assets as they see fit. The ecosystem encourages players to participate. The metaverse also provides players with lucrative earning opportunities, including several play-to-earn (P2E) features within the metaverse that enable everyone to earn lucrative rewards by engaging with the gameplay.

Axie Infinity

Axie Infinity is a blockchain game that utilizes the play-to-earn model. It came in March 2018 and has become one of the biggest NFT projects in the gaming community. Despite the hack on the Ronin network in March 2022 that saw hundreds of millions of dollars stolen from Axie Infinity’s coffers, the game still offers a relatively straightforward entry point into P2E gaming and the NFT world. Players can collect, breed, and engage in battles with Axies, which are also unique pet monsters with different abilities and features. There are six classes of Axies, each with matching cards. The game has several unique features, including the Axie Infinity Marketplace. There, the players can purchase Axies and land also in the Lunacian metaverse.

The main premise of the game is battles, which can take place in either Arena or Adventure mode. Players can also breed their own Axies and sell them, which is a great way to earn passive income. The game is transitioning into an integrated metaverse with the introduction of the world of Lunacia. There, the players can own land and create their own games and experiences. The game also has a dual token economy, with Smooth Love Potion (SLP) dominating in-game transactions and rewards, and Axie Infinity Shards (AXS) dominating governance and staking. The Leaderboard Tournaments also add an exciting competitive element to the game. It has winners receiving a share of AXS rewards at the end of every season.

Mobox

MOBOX NFTs

To play Mobox, users can explore an interactive and cute map available on the website, which displays different buildings with names to click on, including the complete MOMO Universe with games, the DAO/Governance location, NFT/Marketplace, and more. Players work towards acquiring MOMOs, which are unique NFTs offered by Mobox, each with distinct features that users can own and trade in the marketplace. Mobox operates on MOBOX Coin, which users can invest in using prominent cryptocurrencies from multiple exchanges. There are three different boxes that users can buy or unlock, including Mystery Box, Chests, and MEC Boxes, each requiring corresponding tokens or NFTs to open. Mobox offers highly rewarding gameplay, allowing users to earn and use MOBOX Tokens to play on other Mobox-related games, buy and sell NFTs, and more.

MOBOX Tokens play a crucial role in the Mobox universe, and they follow a fair launch system, with no profit-making pre-sales or reserved amounts. Players, developers, and creators have equal opportunities to acquire these tokens. Users can also design and submit their NFTs to the MOBOX Universe, with NFT creation tools and API development tools available for those who want to become NFT creators or game developers. Mobox offers a MOBOX Wallet, which users can use to conveniently buy and sell MOBOX tokens. Additionally, users can use Binance Chain Wallet, MetaMask, WalletConnect, and Safepal.

Mobox maintains a wide range of compatibility for users worldwide. It even offers an opportunity to build a Decentralized Autonomous Guild, bringing together people from various sectors, including investors, players, developers, and collectors. Users can also become a member of Balthazar, unlocking countless possibilities in the world of NFT and Blockchain games, from acquiring scholarships to providing them.

Vulcan Forged

Vulcan Forged (PYR) is a blockchain gaming platform that leverages the play-to-earn (P2E) reward system offered by cryptocurrencies. This trend has seen a resurgence of interest in blockchain gaming by merging nonfungible tokens (NFTs) and metaverse projects such as The Sandbox, creating opportunities for players to earn crypto while playing. Designed by gamers for gamers, Vulcan Forged is a blockchain-based P2E crypto game built on the Ethereum blockchain. It offers a platform for gaming, incubating decentralized applications (DApps). It supports third-party game developers, and enabling NFT trading for its native ecosystem.

Players can earn rewards by fighting other players, roaming the map, hunting for things, finishing missions, and capturing screenshots of their area. The LAVA Appreciation Program enables players to earn LAVA by holding PYR tokens.Players can stake PYR in various in-game assets, such as Land Elevation, harvesting seeds, offering liquidity, and staking reward pools.

How can Genesis Convergence assist with Decentralised Play-to-Earn Platforms?

If you’re looking to get involved in the world of decentralised play-to-earn platforms, partnering with Genesis Convergence can be immensely beneficial. Genesis Convergence can offer a range of development and consultancy services to help you design, build, and launch a successful platform. From blockchain development and smart contract creation to user interface design, we can help you at every step of the process.

At Genesis Convergence, we can provide you with an in-depth analysis of your project. We take into account your unique needs and requirements, and also offer you bespoke solutions that will cater to your specific requirements. Overall, Genesis Convergence can help you build a decentralised play-to-earn platform that is both effective and profitable.