How to make money playing PnE games

Unlike traditional gaming, where the developer owns all the digital assets in the game, Play-and-earn (PnE) gaming allows its users to make money playing PnE games and have full ownership of all the digital items acquired in the game. Also, gamers will be able to convert them into fiat money.

‍

How can users make money playing PnE games? 

‍

You must first comprehend how a Play-and-Earn (PnE) game functions before you can start looking for the one that is most ideal for you to play. Also, you should understand how the incentives are distributed, and what you want to achieve out of the experience.

‍

There are many ways to make money with play-and-earn games with nonfungible tokens. It also has to be mentioned that there is no way to ensure that you will make money playing such games; your earnings may vary depending on the value of the NFTs, in-game currencies, and the strategies you employ during the gameplay. Moreover, creating a sustainable PnE economy is the most significant factor to guarantee its success.

‍

NFTs give players the power of how they utilize their in-game assets. From renting NFT characters out for a profit, to staking tokens, there are many ways to earn in blockchain gaming. 

‍

Most crypto games use a play-and-earn model, where players can earn crypto as a reward by dedicating time to level up, completing quests and challenges, and improving their characters. Furthermore, blockchain games have an in-game currency that can be cashed out and converted into fiat money. Some games require active engagement, while other games are more passive. For instance, Mad Raid users can easily swap their in-game $ISLAND rewards to USD equivalents within the Mad Raid ecosystem. Instead of exchanging their winnings on a third-party exchange, players will be able to instantly withdraw their earnings from their user dashboard.

‍

Mad Raid has Daily Tournaments, Weekly Challenges and Monthly Mayhems  which make earning tokens even easier. After successful completion of the game, players get rewarded with $ISLAND tokens.

‍

Some crypto games also include different forms of staking, where players can lock away specific tokens to earn annual interest, and other rewards that can be used to buy additional in-game items.

‍

The potential rewards of play-and-earn crypto games can be significant since they gained much attention in a very short time. You can earn valuable cryptocurrency rewards for your time if you perform your due diligence and prepare to go a long way in your GameFi experience.

‍

Disclaimer: All information provided in the content is for informational purposes only and should not be perceived as investment, financial, or trading advice. Any investment decisions you make should be based on your personal preferences, financial expertise, and market research.

‍

About

‍

Parea Labs is a Web3 Gaming company that is driven by visionary ideas to provide various blockchain solutions and the excitement to build a user-focused, adaptive, and innovative gaming experience for all.

‍