Earn up to $1 million per year playing crypto games (2024)

FAQs

Earn up to $1 million per year playing crypto games? ›

Play-to-Earn (P2E) crypto games are not only fun; they are also profitable. Unlike traditional video gaming, where your most outstanding achievements would be in-game assets and completing quests, play-to-earn gaming allows you to make real money from your gaming exploits in the crypto space.

Play-to-Earn (P2E) crypto games are not only fun; they are also profitable. Unlike traditional video gaming, where your most outstanding achievements would be in-game assets and completing quests, play-to-earn gaming allows you to make real money from your gaming exploits in the crypto space.

Based on playing the game for 12 hours a day for 365 days, you can earn up to a whopping $446,760 per year in DogeDash tokens. Want to take a steadier pace with your gaming? Based on eight hours a day, five days a week, you still can make almost $200,000+ a year. Not bad for a hard day's gaming.

Yes, there are legitimate crypto games that offer players an engaging and immersive experience. Moreover, the best crypto games offer players multiple opportunities to earn rewards. Players will own their in-game assets and be able to trade them in open marketplaces.

Among the plethora of gaming coins available, we recommend Fight Out ($FGHT) as the top gaming cryptocurrency for 2023. Its platform offers P2E rewards for maintaining a healthy lifestyle, with exciting Soulbound NFTs, making it the best crypto gaming token on the market.

The cryptocurrency market is extremely lucrative. There are numerous ways to make money in cryptocurrency, ranging from investing to active trading to staking.

You can find NFT trading game cards of top NFT games and make money by selling them. You can either sell individual cards or sets of cards. These cards can be listed on NFT marketplaces; they can be sold at conventions and other events. One can participate in tournaments to earn money through NFT games.

The market was extremely volatile, and the risk-to-rewards ratio was also unfavorable. The year 2023 has been slightly better for crypto investors as the market has been recovering. However, the recovery of Axie Infinity was very short-term, and the prices have again reached the lows of 2022.

This type of gambling has gained popularity in recent years as more and more people become interested in the world of cryptocurrencies. Bitcoin gambling involves using Bitcoin as a form of currency to place bets on casino games, sports events, and other types of online gambling.

How big will crypto gaming be? ›

How big is the blockchain in gaming market? b. The global blockchain in gaming market size was estimated at USD 4.83 billion in 2022 and is expected to reach USD 7.89 billion in 2023.

Unlike cryptocurrencies, gaming Non-Fungible Tokens cannot be exchanged with each other, as no two tokens are the same, but each is unique. Now, the world of video games allows you to obtain NFT that you can sell for cryptocurrencies, which becomes an excellent opportunity to invest in digital assets.

As mentioned in the section above, the US law doesn't ban or regulate crypto gambling on a federal level. FinCEN, a US government institution in charge of financial regulations, issued regulatory Guidance certain business models involving convertible virtual currencies.

DigiToads (TOADS) : The Meme Coin with 1000x potential could outperform Dogecoin (DOGE) in 2023. DigiToads (TOADS) is a new meme coin that has taken advantage of Dogecoin's popularity in crypto. It is also making strides to become the most recognized cryptocurrency on the market by the end of 2023.

1. AiDoge (AI) – Next Meme Crypto to Explode in 2023.

$AI could reach $1 in 2023, although there are no guarantees. The AiDoge project has already raised over $1.3 million in its presale campaign. This bodes well for the project's popularity once $AI tokens go live to the general public on some of the largest and most trusted crypto exchanges.

Notwithstanding the difficulty of confirming this number precisely, our research indicates that there are at least 32,500 individuals who have achieved millionaire status through their cryptocurrency holdings at current market value.

Many investors have become millionaires overnight by investing in cryptocurrency, however, these cases are few and far between and should not be used as an indicator of future performance. Additionally, it is important to diversify your investments and not to put all your eggs in one basket.

Bitcoin's stratospheric rise since 2009 has created a surprising and diverse set of millionaires (and billionaires).

Are there any NFT games that don t need money? ›

Making and Selling of Digital Art: Individual NFT artworks are the most expensive non-Fungible coins in existence. Artists like Beeple have recently earned a fortune by licensing their work for millions of dollars.

As the Axie Infinity Coin pumped massively in recent years many crypto traders are curious to know whether the Axie Infinity token can touch $1000 or not. As per our Axie Infinity Coin price prediction, the Axie Infinity Coin is going to hit a $1000 cap in the next decade. Most probably in between 2035-40.

Each different strategy to earn crypto in Axie Infinity has a wide range of possible profits. Playing the game for many hours a day could earn you anywhere between $8 to $40 a day, depending on your Axies, how long you play and the extra incentives available at that time.

CoinSwitch is one of the top cryptocurrency exchanges that require no KYC verification since it allows you to trade crypto at the best rates. They allow you to trade 400+ cryptos, cryptocurrencies, and tokens without having to create an account on any exchange. Additionally, there is no withdrawal limit on CoinSwitch.

There is a 1% fee to convert and withdraw your crypto to cash in addition to standard network fees. A network fee is necessary in order to have your transaction processed by the decentralized cryptocurrency network.

When you sell your crypto winnings, you'll pay Capital Gains Tax on any capital gain. This is the difference in value between when you acquired your asset and when you sold it. This gets complicated due to the cost basis. Your cost basis is how much you spent on your crypto.

Some games require players to buy digital assets before they can play. The risks in crypto gaming include scams and hacks, value fluctuations, and sending tokens to the wrong wallet.

Can you get in trouble for crypto gambling? ›

There are no specific laws regulating crypto gambling because most cryptocurrencies are neither officially allowed nor explicitly prohibited.

In-game marketplace: The development of an in-game marketplace to allow players to buy, sell, and trade NFTs. This may take 60–100 development hours and cost $7,500-$12,500. Payment integration: The integration of payment systems to allow players to purchase in-game items and NFTs with cryptocurrency or fiat currency.

An expert report has indicated that cryptocurrency is expected to be worth $12.10 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 11.9%. This is from a market size worth $4.40 billion as reported in 2021.

Some crypto games earn money via advertising or sales of in-game items, such as certain weapons, skins or even virtual lands. The developers then incentivize players to devote more hours to the game by paying them in crypto or NFTs for completing quests.

Many investors also have valid reasons to be wary of investing in tokenized assets. Some of the disadvantages of NFT investing include: NFTs are not an asset class. NFTs are commonly—and erroneously—regarded as an asset class rather than a technological way to indicate ownership.

Advantages of NFTs include fractional ownership of assets, royalty payments to the NFT creator, safe technology, and efficient sales. Disadvantages of NFTs include high minting costs, volatile pricing, and a high prevalence of imitation projects and fraud.

Crypto games enable players to earn cryptocurrencies or non-fungible tokens (NFTs) by playing and performing various in-game activities. These digital assets then become the property of the player. They can exchange these assets for other digital assets or fiat currencies in crypto exchanges.

Best Legal Crypto Casinos in US

While there are no federal laws that explicitly prohibit it, individual states may have their own laws and regulations regarding online gambling. That being said, there are still a number of reputable and legal crypto gambling sites that operate within the US.

Yes. To run a legal and compliant gambling business you need to have a gaming license. This extends to crypto casinos as well.

Despite its use for buying goods and services, there are still no uniform international laws that regulate Bitcoin. Many developed countries allow Bitcoin to be used, such as the U.S., Canada, and the U.K. Several countries, including China and Saudi Arabia, have made it illegal to use Bitcoin.

Which coins will explode in 2023? ›

While there are many great opportunities in the current market, traders have singled out some favorites with the most potential to explode in 2023. Among those coins are projects like AiDoge (AI), Spongebob ($SPONGE), Ecoterra (ECOTERRA), yPredict (YPRED), DeeLance (DLANCE), Launchpad XYZ (LPX), and Cardano (ADA).

In that case, you can redeem yourself by checking out these nine next big cryptos, including AiDoge, RobotEra, yPredict.ai, EcoTerra, DeeLance, Love Hate Inu and more, that should be on your investment radar in 2023.

Ripple (XRP) – The best DeFi investment for 2023

The average customer can save up to 60% in transaction fees compared with real-world providers. Ripple's great strength is its vast number of user cases, a key reason behind the expected growth in value for the token.

Ethereum (ETH)

Its network powers decentralized applications (Dapps), smart contracts, and stablecoins and is used by over 40 million users. This makes ETH a great long-term investment that could potentially multiply your investment up to 1000X in 2023. Ethereum has incredible long-term potential.

We have narrowed down our choice of crypto coins that are expected to pump 30x before 2024 to eight. Prime suspects among them are Love Hate Inu (LHINU), DeeLance (DLANCE), Metropoly (METRO), Ecoterra (ECOTERRA), and RobotEra (TARO), as these tokens represent a new era in crypto development.

CapyMagi is the best crypto coin with 50x potential

Each of the eight cryptocurrencies has the potential to hit 50x gains in 2023, although several are reliant on market forces and certain upgrades capturing the imagination of investors.

MEMAG is widely considered the best penny crypto to buy right now. It is the native digital token of Meta Masters Guild, the world's first mobile gaming ecosystem. MEMAG tokens can be used to carry out transactions within Meta Masters Guild and also be staked to earn passive income.

Overall, Ethereum's positioning as the blockchain at the forefront of Web3 development, and the significant demand for its network from thousands of crypto projects, makes it among the most promising cryptos that could 10X by 2025.

Transaction fees

When a player signs up to play on a crypto gaming platform, they are required to pay a transaction fee for purchasing in-game digital currency. That's primarily how game developers earn money. When more players purchase the native token, its value goes up, thus benefiting both ‌players and developers.

How much can you make with NFT games? ›

NFT Gamers Earn Over $700 A Week.

The Global Play-to-Earn NFT Games Market is valued at USD 788.05 Million in 2021 and is expected to reach USD 2890.29 Million by 2028 with a CAGR of 20.41% over the forecast period.

The national average salary for a game developer sits at US$101,644 per year. However, it's worth noting that years of experience determine your job rank and game programmer salary. Beginner game developers who recently developed a strong interest in game development work in an entry-level or junior job position.

Blockchain markets enable the purchasing and selling of rare items, and gamers may receive prizes with actual worth. They can also have true ownership over their in-game assets. With play-to-earn games that use nonfungible tokens (NFTs), there are several ways to attempt to generate money.

Blockchain is consistently one of the highest paying programming fields, where developers earn between $150,000 and $175,000 on average per year as salaried employees. While a wide range of factors determine compensation, even beginning blockchain developers can command high pay.

You can do this by transferring funds from your regular cryptocurrency wallet or by buying digital tokens directly from the game platform. Once your account is funded, you can start playing games! There are many crypto games to choose from, such as Axie Infinity, Pegaxy, Thetan Arena, and much more.

While the legality of online gambling varies from state to state, it is generally not illegal to gamble with cryptocurrencies in the US. However, it is important to note that some states have specific regulations that may prohibit online gambling or certain types of online gambling.

15. The Majority of NFTs Sell for Less Than $200. While a number of NFTs have sold for millions of dollars, the reality is that the average selling price is much less. According to research shared by NonFungible.com, the average price of NFTs was about $150 per NFT for Q3 2022.

It's rather rare to sell an NFT for millions. But they do offer artists the chance to sell art online and make it possible for collectors, investors and auctioneers to make a profit.

What are the benefits of play to earn crypto games? ›

Is Splinterlands still profitable in 2022? Can you earn money in Splinterlands? Let me answer all of these questions. Yes, you can earn money in Splinterlands and this game is still profitable.