In 2021, play-to-earn (P2E) gaming platforms mooned, and it’s easy to see why: who wouldn’t want to get paid to game?
These platforms frequently require users to buy specific equipment in order to perform well in their games, but this initial investment can quickly be tripled if you are skilled at the game.
Three P2E blockchain projects are covered in this article (two leading ones and a newer one that is currently in pre-sale) which you should keep an eye on!
Axie Infinity (AXS)
Axie Infinity (AXS) sprang to prominence during the height of the lockdown when people were looking for alternative sources of money. This well-known P2E network enables players to make real money just by playing on its site.
The game Axie Infinity is built on Axies, cute small animals that may be used to challenge one another in fierce online battles, as well as cross-bred with one another to create unique new Axies.
Because each Axie is an NFT, it is unique, and its ownership is publicly recorded on the blockchain. Purchasing an Axie could thus be a profitable investment that allows you to create thousands of dollars on the Axie Infinity platform.
Axie Infinity has proven to be extremely popular, especially in Asia. Axie Infinity, together with Decentraland (MANA) and The Sandbox, is a leading P2E platform, having generated over $4 billion in revenue from the sale of its NFTs since its inception.
Quitriam Finance (QTM)
Quitriam Finance (QTM) is a project in its early stages that is currently creating a fun ecosystem comprised of mithril mines, furnaces, forges, and other components.
Users in the Quitriam ecosystem can mine mithril, a metal that can be used to create NFTs and other in-game things such as armours and other medieval-inspired weaponry that produce yield and can be exchanged for Quitriam Finance’s cryptocurrency, QTM.
Quitriam Finance goes beyond that by attempting to create an all-in-one P2E platform, complete with a native decentralised exchange called Quitriam Swap, which allows users to convert their tokens without leaving the platform.
The Quitriam Finance ecosystem will include its own stablecoin, MC, which will trade under the ticker MC and will grant its holders voting rights on the project.
Decentraland (MANA), together with The Sandbox (SAND), has established itself as a well-known name in the Metaverse realm.
Decentraland was founded in 2017 following a $24 million ICO, although its public version was not ready until early 2020. The project describes itself as a virtual reality platform built on Ethereum that allows users to create, experience, and monetize content and applications.
MANA, Decentraland’s native currency, can be used to acquire some of the country’s 90,000 parcels of land. In fact, each of these pieces of land is a one-of-a-kind NFT, making ownership public, exclusive, and unfalsifiable
MANA tokens can also be used to purchase avatars, wearables, names, and other items in the Decentraland marketplace.
Users can easily buy and sell virtual land pieces in Decentraland’s virtual environment. Additionally, users can rent and develop these areas, creating Decentraland a very entertaining and engaging ecosystem where users can easily generate money.