Play-to-earn (P2E) gaming platforms have seen their popularity explode since 2021 understandably, who doesn’t love to be paid for playing games?
Very often, these platforms actually require users to purchase certain items in order to perform well in their games, but this initial investment could easily be multiplied if you happen to be good at the game.
This article will examine three Play-to-earn (P2E) projects – 2 leading ones and a newer one currently holding its presale) – which you should set your sight on!
Decentraland (MANA)
Decentraland (MANA) has now become a recognisable name in the Metaverse space, being one of its leading projects along with The Sandbox (SAND).
Decentraland was created after a $24 million ICO in 2017, but its public version became available only in early 2020. The project describes itself as an Ethereum-based virtual reality platform that allows users to develop, experience, and monetize content and applications.
Decentraland’s native currency is MANA and can be used to purchase some of Decentraland’s 90,000 plots of land. In fact, each of these plots of land is a unique NFT, making their ownership public, exclusive, and unfalsifiable.
MANA tokens can also be spent in the Decentraland marketplace for avatars, wearables, names, and more.
In Decentraland’s virtual world, users can easily buy and sell the universe’s virtual land parcels. Additionally, users can rent and build upon these lands, making Decentraland a very fun and interactive ecosystem in which users can make money effortlessly.
Axie Infinity (AXS)
Axie Infinity (AXS) came to prominence during the height of lockdown when people were looking for other income sources. This highly-popular P2E platform allows users to earn real money just by playing on its platform.
Axie Infinity’s game is based on Axies, cute little creatures that may be employed to confront each other in savage online battles, as well as cross-bred with one another to generate exclusive new Axies.
Each Axie is an NFT, making them unique and their ownership publicly recorded on the blockchain. Purchasing an Axie might therefore be a lucrative investment that can allow you to generate thousands of dollars on Axie Infinity’s platform.
Axie Infinity proved to be immensely popular, particularly in Asia. Together with Decentraland (MANA) and The Sandbox, Axie Infinity is a leading P2E platform, generating over $4 billion from the sale of its NFTs since its launch.
You can get exposure to this exponential growth by investing in Axie Infinity’s currency, AXS!
Quitriam Finance (QTM)
Fantasy fanatics, this section is for you! Quitriam Finance (QTM) is a project in its launching phase that is presently developing a fun ecosystem consisting of mithril mines, furnaces, forges, and more.
In the Quitriam ecosystem, users can mine a metal called mithril that can be used to make NFTs and other in-game items like armors and other medieval-inspired weapons that produce yield and are exchangeable against Quitriam Finance’s cryptocurrency, QTM.
Quitriam Finance goes beyond that and tries to develop an all-in-one P2E platform, with a native decentralised ecosystem called Quitriam Swap that lets users convert their tokens right away and without leaving the platform.
The ecosystem will also feature its own stablecoin, trading under the ticker MC and which will confer its holders voting rights on the project. An overall promising project which will prove its worth in the weeks to come!
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