Crypto

Top 4 Play2Earn Games in 2023 to get rich?!

by April Norman on February 1, 2023

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What is Play2Earn?

“Play to Earn” in games and dapps allows players to earn digital assets, such as tokens, through gameplay and participation. These assets can be traded and have real-world value, and the decentralized nature of blockchain provides security and ownership over earned assets through an unalterable ledger. This model incentivizes player engagement and creates a transparent and equitable gaming experience.

In the context of “Play to Earn” in the gaming industry, many in-game assets are represented as NFTs and may need to be purchased with fiat to start playing. However, P2E games are typically easy to play and offer incentives for player engagement and connection with others. There are also metaverse platforms that utilize this model, allowing players to interact, play games, and sell digital assets in a virtual world. The use of blockchain technology has made gaming a fun and lucrative venture by transforming perspectives.

What are the top 4 Play2Earn Games that will make you rich this 2023?!

1. Aavegotchi

What is Aavegotchi?

Aavegotchi is a blockchain-based game that is part of the “Play to Earn” genre of games. It is a collectible game where players can earn rewards by participating in battles, acquiring and training ghostly creatures called Aavegotchis, and exploring the game’s world. Aavegotchis are represented as non-fungible tokens (NFTs) and can be bought, sold, and traded with other players. The game is built on the Aave decentralized lending platform, which provides a secure and transparent means of managing in-game assets. The goal of the game is to build and manage a team of powerful Aavegotchis, participate in battles and challenges, and ultimately become the top Aavegotchi trainer.

There are several ways to earn in-game currency (GHST) in Aavegotchi:

Playing the game: Players can earn GHST by playing the game, such as capturing Aavegotchis, battling other players, and completing quests.
Trading Aavegotchis: Players can earn GHST by buying, selling, and trading Aavegotchis with other players in the game. Aavegotchis are represented as non-fungible tokens (NFTs), which provide a secure and transparent means of ownership and transfer.
Participating in events: Aavegotchi regularly holds in-game events, such as treasure hunts and battles, where players can earn GHST by participating and completing tasks.
Staking: Players can earn GHST by holding and staking their in-game currency, providing liquidity to the game’s ecosystem and earning rewards in return.

2. Upland

What is Upland?

Upland is a blockchain-based virtual world game that operates on the “Play to Earn” model. In Upland, players can buy, sell, and trade virtual real estate properties in a virtual representation of cities such as San Francisco and New York. Players can earn in-game currency, UPX, by buying, improving, and selling properties, as well as participating in events and challenges. The virtual real estate properties in Upland are represented as non-fungible tokens (NFTs), which provide a secure and transparent means of ownership and transfer. The goal of the game is to become a successful virtual real estate tycoon, by buying, managing, and selling properties in the virtual world.

There are several ways to earn in-game currency (UPX) in Upland:

Buying and selling virtual real estate: Players can buy virtual real estate properties in the game, improve them, and sell them for a profit to earn UPX.
Participating in events: Upland regularly holds in-game events, such as auctions, scavenger hunts, and races, where players can earn UPX by participating and completing tasks.
Completing challenges: Upland also offers daily and weekly challenges, which can be completed to earn UPX.
Renting properties: Players can earn UPX by renting out their virtual real estate properties to other players in the virtual world.
Staking: Players can earn UPX by holding and staking their in-game currency, providing liquidity to the game’s ecosystem and earning rewards in return.

3. The Sandbox

What is The Sandbox?

The Sandbox is a blockchain-based virtual world game that operates on the “Play to Earn” model. In The Sandbox, players can create and build their own virtual worlds using voxel-based assets. Players can earn in-game currency, SAND, by participating in the game, such as creating and sharing content, participating in events, and completing challenges. The virtual assets in The Sandbox are represented as non-fungible tokens (NFTs), which provide a secure and transparent means of ownership and transfer. The goal of the game is to become a successful virtual world creator, by building, managing, and sharing unique and creative virtual worlds with other players.

There are several ways to earn in-game currency (SAND) in The Sandbox:

Creating and sharing content: Players can earn SAND by creating and sharing unique and creative content, such as landscapes, games, and experiences.
Participating in events: The Sandbox regularly holds in-game events, such as treasure hunts and build competitions, where players can earn SAND by participating and completing tasks.
Completing challenges: The Sandbox also offers daily and weekly challenges, which can be completed to earn SAND.
Selling NFTs: Players can earn SAND by selling their virtual assets, such as voxel-based landscapes and characters, to other players in the virtual world.
Staking: Players can earn SAND by holding and staking their in-game currency, providing liquidity to the game’s ecosystem and earning rewards in return.

4. Gods Unchained

What is Gods Unchained?

Gods Unchained is a digital collectible card game (CCG) built on the Ethereum blockchain. Players can buy, collect, and trade unique cards, which are represented as non-fungible tokens (NFTs). The game operates on a “Play to Earn” model, where players can earn rewards and progress in the game by playing it, rather than relying on microtransactions or other forms of spending money. The decentralized and transparent nature of the Ethereum blockchain provides a secure means of ownership and transfer for these digital assets. Gods Unchained has a fantasy-themed setting, and players can build decks and engage in strategic battles with other players.

Gods Unchained is a collectible card game that operates on the “Play to Earn” model. In this game, players can earn in-game items, such as cards and packs, by playing and participating in the game. Some ways to earn rewards in “Gods Unchained” include:

Playing matches: Players can earn rewards, such as cards and packs, by winning matches in the game.
Participating in events: The game regularly holds special events, such as tournaments and limited-time modes, where players can earn rewards by participating and competing.
Trading with other players: Players can trade their cards and other in-game items with other players to earn more valuable items.
Owning valuable cards: Players can also earn rewards by owning valuable cards, as their value may increase over time.
Staking: Players can earn rewards by holding and staking their in-game items, providing liquidity to the game’s ecosystem and earning rewards in return.

Introducing the CryptoTicker Podcast

Every Wednesday, you can tune in to the Podcast on Spotify , Apple and YouTube. The episodes are perfectly tailored for a duration of 20-30 minutes to quickly and effectively familiarize you with new topics in a fun setting on the go.

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What is a Blockchain?

Blockchains are decentralized digital ledger systems that securely store and record transactions. Unlike traditional ledger systems, blockchains are not controlled by a single entity, but are instead maintained by a network of computers all over the world. Transactions are verified and recorded by multiple participants, making the system transparent, secure, and resistant to manipulation.

Blockchains have found a wide range of applications, from cryptocurrency to supply chain management. They have revolutionized the way transactions are processed, recorded, and verified, providing increased transparency, security, and efficiency.

What is Cardano?

Cardano is an open-source, decentralized blockchain platform that was launched in 2015. It is designed to provide a more secure and scalable platform for developing decentralized applications and smart contracts. Cardano uses a proof-of-stake consensus algorithm, which is more energy-efficient than proof-of-work algorithms used by other blockchains.

Cardano aims to provide a platform for the creation and execution of complex smart contracts and decentralized applications. It also aims to address some of the challenges faced by other blockchains, such as scalability, security, and governance.

What is Polygon?

Polygon is a Layer 2 scaling solution for Ethereum, the world’s largest decentralized platform. It provides a scalable and secure infrastructure for building decentralized applications and conducting fast and cheap transactions. Polygon uses a proof-of-stake consensus algorithm, which enables it to process a high volume of transactions at low costs.

Polygon provides a scalable platform for developers to build decentralized applications, while still leveraging the security and trust of the Ethereum network. It also enables developers to experiment with new features and technologies, such as sharding, that are not yet available on Ethereum.

Which Blockchain is Better: Cardano or Polygon?

The answer to this question depends on the specific use case and requirements. Both Cardano and Polygon have their own strengths and weaknesses, and the choice between them will depend on the specific needs of the project.

If you are looking for a platform for building decentralized applications and smart contracts, Cardano may be a better choice, as it is designed specifically for that purpose. However, if you are looking for a scalable and efficient solution for Ethereum, Polygon may be a better choice, as it provides a Layer 2 scaling solution for Ethereum.

Conclusion

In conclusion, both Cardano and Polygon are innovative and promising blockchains that provide a range of solutions for different use cases. The choice between them will depend on the specific requirements of the project and the goals of the user. Ultimately, both Cardano and Polygon are important players in the blockchain ecosystem, and their continued development will be crucial for the growth and evolution of the blockchain industry.

Introducing the CryptoTicker Podcast

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How Dollar Cost Averaging works

The basic idea behind dollar cost averaging is that it allows an investor to purchase more units of an asset when the price is low and fewer units when the price is high. This can help to reduce the average cost per unit and increase the overall return on investment. It is especially useful for long-term investment goals, such as retirement planning, where market volatility can have a significant impact on the portfolio.

The key advantage of dollar cost averaging is that it eliminates the need for market timing. Investors do not have to worry about trying to predict the market’s direction, as they are making investments regularly, regardless of market conditions. Additionally, it helps to reduce the psychological impact of market volatility, as investors do not have to worry about making large purchases during market downturns.

Dollar Cost Averaging: as explained for 5-year olds

Dollar cost averaging means buying a little bit of a stock at regular intervals, instead of buying all of it at once. This can help make the risk of investing in stocks a bit smaller. Think of it like putting a few coins in your piggy bank every week, instead of putting all of your allowance in there at once.

Let’s say you want to buy a stock, but you’re not sure if it will go up or down in price. By using dollar cost averaging, you can buy a little bit of the stock every month, so that you don’t have to worry about the price going up or down too much.

For example, if the stock costs $10 today and goes up to $12 next month, you would still only buy $10 worth of the stock. And if the stock goes down to $8 next month, you would still buy $10 worth of the stock. This way, you average out the cost of the stock over time, instead of taking on a lot of risk by buying all of it at once.

Conclusion

In conclusion, dollar cost averaging is a valuable investment strategy for those looking to mitigate the risk associated with volatile assets. By making regular investments regardless of market conditions, investors can average out the cost of their investments and increase the likelihood of realizing long-term returns. It is a simple, yet effective strategy that can help investors reach their investment goals, regardless of market conditions.