Play to Earn crypto games

Maciej Zieliński

17 May 2022
Play to Earn crypto games

The gaming industry has gained tremendous popularity both among children and adults. Seeing the potential in digitizing reality, technology companies are constantly trying to come up with new ideas and offers for their customers. An interesting idea is the concept of introducing games that allow us to earn money while we play. It's an even more interesting idea to earn money on games that are connected with blockchain technology and cryptocurrencies. Is it possible? How do Play to Earn games work and which of them are worth your attention? We're writing about it below!

​What are Play to Earn crypto games?

These special and original games have tokens that support the economics of the title. You buy, trade, sell and play for these currencies in the game. Some games need to be paid for and require an initial investment, while others can be played for free from the outset. It should be noted that a large number of Play to Earn titles are not as advanced as the most popular PC or console games. Cryptocurrency-based games that allow you to earn capital will not blow the minds of people looking for sophisticated graphic, for example. It is an interesting concept, however, to make money from having fun.

Play to Earn

What traits does a Play to Earn game have?

Play to Earn crypto games are the initial phase of gaming connected with crypto. As such, both good and bad projects are being released. The bad ones can be focused on obtaining as much capital as possible from us. The good ones will help us multiply it. So it's a good idea to see who is behind the creation of a title before we start playing it. What should you look out for? Definitely tokenomics – that is, the complete supply of tokens, the cycle of dispensing them, forms that encourage token ownership, and the ways you can use them. It is better to avoid of (or pay special attention to) titles that have tokens without any limit. The unlimited supply of tokens makes them less valuable. In addition, in order to stake or sell tokens, they must have some value. There is no single solution that will make it possible to evaluate a game in a complex manner. The additional advice that comes to mind is that, during the game (especially at the beginning), you should avoid making larger purchases, as if they were not there, as it is a form of investment that could lead to a loss of capital. But if you're doing it responsibly and enjoy having fun, check out the titles we've described below!

Play to Earn

​Axie Infinity

Axie Infinity is one of the most popular Play to Earn crypto games. It enjoys considerable trust and interest because it allows households that are in difficult geopolitical situations, such as those in the Philippines, Venezuela, etc to obtain income. The game requires owning three virtual creatures that can be purchased on the market. You can also buy eggs in the Axies labs and wait for the creatures to hatch. Animals can also be bred and sold on the market. This is a form of NFT. The animals serve as merchandise. They can fight against other pets and earn the Axie Infinity Shards (AXS) token as a result. This is a token that can also be redeemed for real cash. In addition to AXS, the game offers another ERC-20 token, the Smooth Love Potions (SLP), which is used for Axies breeding. Like AXS, SLP can be converted into fiat currencies on the most popular crypto exchanges.

​Plant Vs. Undead

This is a tower defense game. Moreover, it is a multiplayer game. The story itself is about a planet that was destroyed by a meteorite and due to this, the animals living on it turned into zombies. These animals want to destroy trees, but after the disaster, plants have mutated as well. As such, trees can defend themselves. Playing as the flora, you fight the animals. In this game you earn a PVU token that has been placed on the Binance Smart Chain. In the game, the currency is Light Energy (LE). You can earn tokens during the game by making progress, or simply purchase tokens for cash. You don't have to invest any capital at the start of the game. Each player receives a certain amount of NFT and trees used to fight zombies from the outset. The combat gives you plant seeds that you can later sell.

The Sandbox

The Sandbox game allows you to earn cryptocurrencies in a variety of ways. You can be an artist, a game developer, or a landowner to earn SAND, a metaverse cryptocurrency. This is an extremely original form of financing and raising capital. As an artist, you can create useful resources with the help of the VoxEdit tool. Such a solution has a catch - first you need to get permission from the creators of the platform to put the earned NFT tokens on your marketplace. Another concept is to buy land for rent in the game or create mini-games. This is not easy as in this case you should have programming skills. If you have a knack for it, then as a land creator you can charge other players for it. The SAND token can be staked, bought, or sold on major cryptocurrency platforms.

Pegaxy

Who hasn't wanted to race in horse racing? Pegaxy gives you that opportunity. You can race against the best players for NFT tokens. You can buy or rent your horse at the beginning and earn VIS tokens. Unfortunately, the problem is that players have little control over the race. They can only check the elements of the track, choose the right horse and select the equipment. The rest of the activities are random. You can create breeding of horses and then sell them for tokens and buy them for USDT. Earning cryptocurrencies takes place in races, renting, or selling horses. A system to earn from staking is also being implemented.

Decentraland

Decentraland is one of the most popular cryptocurrency-related games. The main form of earning is buying land and then subletting or selling it. You can also organize events and mini-games to target the general public for a fee. To construct the game world and earn on it we need a tool, which is free. Nevertheless, we need to buy the plot for MANA - the game's token, which is its currency. Another possibility to earn money is offering to oversee the land of other participants in exchange for tokens. An additional source of income is designing wearable clothes and items that require community approval.

Blankos Block Party

Blankos Block Party involves playing with small, toy-looking blankos. We earn money here based on collecting blankos, gaining levels, and selling them. The value of the character depends on its abilities and uniqueness. The cheapest creatures cost about ten dollars. The most expensive - even 5 million dollars. The vast majority of animals are valued at thousands of dollars. In the game, you can also create pages and mini-games for other players, but this phase is recently at the beta stage.

Thetan Arena

Thetan Arena is a free Play to Earn game that lets you earn cryptocurrencies. With it, you get three free characters that you can develop. As part of your human development, you get a Thetan Coin (THC) token. With this currency, you can unlock advanced characters, or you can buy them already converted on the market. Advanced characters develop quickly and can be traded as NFT. Additionally, our folk can take part in organized events. Funding is based on THG (Thetan Gem), a utility and management token that supports in-game settlement. It can also be staked. You can also convert crypto into fiat through the most popular exchanges.

Summary Play to Earn games

Play to Earn games are great for people who want to make money from cryptocurrencies and have fun at the same time. However, remember to check at the beginning of the platform is free and has not been constructed to get as much capital from us as possible. It is worth being interested in whether the supply of tokens is unlimited, as this may cause a situation in which their value will be negligible. Nevertheless, we hope that after reading this article many people will consider this form of entertainment which is not only enjoyable but also profitable.

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What is Account Abstraction?

Karolina

10 Nov 2023
What is Account Abstraction?

Account abstraction is a new way of thinking about how users interact with blockchains. Instead of using traditional externally owned accounts (EOAs), account abstraction allows users to create and manage their accounts using smart contracts. This has a number of potential benefits, including improved security, enhanced privacy, and increased flexibility.

What is account abstraction?

Account abstraction is a concept that, at its core, aims to simplify the user's interaction with blockchain networks. It is a transformative approach that seeks to mask the technicalities of blockchain operations from end-users. It is making transactions as straightforward as sending an email. Account Abstr. allows users to interact with the blockchain without worrying about the underlying technical details.

How does account abstraction differ from the traditional model?

In the traditional account model, each user has an EOA. EOAs are controlled by private keys, which must be kept secret in order to protect the user's funds. Acc. abstraction allows users to create and manage their accounts using smart contracts.

Historical Context

The journey towards acc. abstraction began with the first generation of blockchain technologies, characterized by their "one-size-fits-all" approach to account management. Bitcoin, for instance, introduced the concept of accounts and transactions in a form that was accessible to tech-savvy individuals but remained perplexing to the layperson. Ethereum expanded on this by introducing smart contracts, which opened the door to programmable transactions but did not alter the fundamental account structure. The idea of acc. abstraction has been discussed in the Ethereum community for several years as a part of various Ethereum Improvement Proposals (EIPs), particularly as a feature to be potentially implemented in Ethereum 2.0. It is a direct response to the need for a more versatile and user-centric design that can cater to a broader audience and spur the widespread adoption of blockchain technology.

The Technicalities of Account Abstraction

Account abstraction is not merely a theoretical construct but a technical innovation with specific mechanisms underpinning its operation. In essence, it alters the way transactions are initiated and executed within a blockchain network.

How Account Abstraction Works

Under traditional blockchain models, initiating a transaction involves an externally owned account (EOA) signing a transaction with a private key. This transaction is then broadcast to the network for validation and inclusion in the blockchain. Account abstraction, however, replaces this process with a more flexible one. Here, every account is a smart contract, and transactions are messages sent through these contracts. These smart contracts can encode complex rules for transaction validation, beyond what EOAs can do, such as multi-signature requirements or conditional transactions based on certain triggers.

The technical crux of account abstraction lies in the smart contract’s ability to define its own conditions for transaction execution. This means that user accounts can have unique security protocols or automated operations without the user needing to understand the underlying smart contract code.

Hey! Are you interested in the latest technologies in the blockchain area? be sure to read the article 'Top Zero-Knowledge Proof Projects to watch in 2023'

The Benefits of Account Abstraction

The implications of account abstraction are profound, offering a range of benefits that can enhance the blockchain experience for users and developers alike.

Improved User Experience

One of the most significant advantages of account abstraction is the improvement it brings to user experience. By abstracting away the complexities of key management and transaction rules, it presents a more intuitive interface for users.

Enhanced Security Features

Account abstraction also allows for the implementation of advanced security measures. Since each account can define its own logic, users can tailor their security settings to their specific needs. For instance, one might set up an account that requires additional verification for transactions exceeding a certain value or restricts withdrawals to certain addresses.

Future Implications

The future implications of account abstraction are vast. As the technology matures, it could become a standard feature of blockchain networks, potentially making the current distinction between user accounts and smart contracts obsolete. This could lead to a new wave of blockchain applications that are both powerful and accessible, bringing us closer to the vision of blockchain technology as a seamless part of everyday life.

Challenges and Considerations

Technical Limitations

One of the primary technical challenges of Acc. abstraction lies in its integration with existing blockchain protocols. Current networks are optimized for the EOA model, and introducing a new account structure necessitates significant changes to the core protocol. This includes modifications to the way transactions are propagated in the network, how gas fees are calculated, and how the state of the blockchain is managed. Ensuring that these changes do not compromise the network's performance or security requires careful planning and extensive testing.

Compatibility with Current Systems

Another consideration is the compatibility of account abstr. with the vast ecosystem of existing blockchain applications and services. Wallets, exchanges, and other services have been built around the traditional account model. Transitioning to an acc. abstraction model will require these services to update their infrastructure, which may be a complex and resource-intensive process. Furthermore, there is a need for standardization across the industry to ensure that different implementations of account abstr. can work seamlessly together.

Conclusion

Acc. abstraction represents a significant leap forward in the quest for a more user-friendly blockchain experience. By streamlining the transaction process and offering enhanced security features, acc abstraction has the potential to make blockchain technology more accessible to a broader audience. However, the path to widespread adoption is not without its obstacles. Technical challenges and compatibility issues must be carefully navigated to integrate it into the existing blockchain landscape.

Key Takeaways

How to Add Gnosis Chain to MetaMask: A Simple Tutorial

Karolina

03 Nov 2023
How to Add Gnosis Chain to MetaMask: A Simple Tutorial

As the cryptocurrency ecosystem expands, there is an increasing need for various blockchains with distinct capabilities. Gnosis Chain enters the scene, offering a selection of unique characteristics. By integrating Gnosis Chain with MetaMask, users can access a more comprehensive array of decentralized services. We will walk you through the steps to add Gnosis Chain to your MetaMask wallet in this tutorial.

Prerequisites

Setting up MetaMask

Before exploring the integration of Gnosis Chain, it is crucial to have MetaMask installed and operational:

  • Download and Install: If you have not done so already, visit the official website to download and install the MetaMask browser extension.
  • Setup Account: After completing the installation, create your account and make sure to remember the provided seed phrase. This phrase serves as your primary means for account recovery, so keep it secure.
  • Secure Your Account: Protecting your MetaMask account is of utmost importance. Use a robust password and never disclose your seed phrase to anyone.

Gnosis Chain

It is always helpful to have a basic understanding before incorporating any new blockchain into your wallet:

  • Gnosis Chain Overview: Gnosis Chain, a rising star in the blockchain world, brings a range of decentralized solutions to the table, such as prediction markets and decentralized trading platforms.
  • Benefits & Features: Among Gnosis Chain's main selling points are its accelerated transaction speeds and potentially lower fees when compared to congested networks.

Tutorial: How to Add Gnosis Chain to MetaMask

In the top right-hand corner of your browser, you'll find the wallet. If pinned, click on the MetaMask fox icon; if not, click the three dots in the top-right corner. The following screen will appear:

An option to expand the wallet to a new browser page is available by clicking "Expand view:"

This action will launch MetaMask in a new tab:

By clicking on the ‘Ethereum mainnet’ in the top left corner, you can add another network. Click ‘Add Network’

Choose option ‘Add a network manually’

Then, input the information below:

Network Name: Gnosis Chain formerly xDai

RPC URL: https://rpc.gnosischain.com

ChainID: 100

Symbol: XDAI

Block Explorer URL: https://gnosisscan.io

After saving the settings, Gnosis Chain will be added to your network.

The Benefits of Adding Gnosis Chain to MetaMask

With multiple blockchains becoming more common, integrating Gnosis Chain with MetaMask offers numerous advantages:

Expanded Capabilities: Accessing Gnosis Chain through MetaMask opens up a collection of exclusive applications and features inherent to this particular blockchain, which may include unique dapps or cutting-edge financial products.

Diversification: The crypto domain is extensive and constantly growing. By incorporating various chains like Gnosis into MetaMask, you broaden your potential investment opportunities and decentralized application experiences, ensuring no opportunities are missed.

Speed & Cost-Effectiveness: Network congestion and high gas fees on established platforms like Ethereum can discourage many users. Gnosis Chain's architecture has the potential to provide relief through quicker transaction times and more affordable fees.

In summary, as the possibilities within the crypto sphere continue to evolve, tools like MetaMask grant users access to this expanding world. By adding chains like Gnosis, users can stay ahead in this decentralized revolution.

Conclusion

By bridging platforms like Gnosis Chain with accessible tools like MetaMask, individuals not only amplify their engagement with decentralized applications but also fortify their position in this expansive realm. The integration of Gnosis Chain to MetaMask epitomizes the evolution of the crypto landscape – a testament to its ever-growing diversity and potential. As we continue to delve deeper into the decentralized future, tools and integrations like these will undoubtedly play a pivotal role in shaping our digital experiences and opportunities. Whether you're seeking more efficient transactions, diverse dapp interactions, or simply a broader understanding of the crypto ecosystem, this guide's steps open doors to a new horizon. 

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