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Game On: Turn Pixels into Profits with Crypto Gaming

Author

Blue Mojo
August 25, 2024

The Gaming Gazette delivers weekly updates on all things web3 gaming. Discover new developments, comprehensive reviews, and educational content across all our socials.

Disclaimer: This is not financial advice. Please do your own research before investing in any assets mentioned. Thank you!

TLDR:

  • Earning Potential in Crypto Gaming

  • Beginner's Guide to Web3 Questing Platforms

  • In Case You Missed It: Gaming News Highlights & Headlines

Earning Potential in Crypto Gaming

Crypto gaming is alive and THRIVING, carving out its niche within the broader $244 billion gaming industry, despite mixed sentiments around NFTs and blockchain technology among traditional gamers. Crypto gaming introduces Play to Airdrop (P2A), where completing challenges earns rewards, evolving from the direct time-for-money "play to earn" model.

Investor interest spans from private venture capital firms to institutional giants managing significant crypto funds, highlighting the sector's growing legitimacy and potential.

  • Grayscale is not directly involved in venture capital or crypto gaming however, they manage funds like the Grayscale Bitcoin & Avax Trusts, which might indirectly affect crypto gaming through market sentiment or investment in blockchain tech.

  • BlackRock has indeed shown interest in blockchain and crypto through their ETFs (although they aren’t directly linked to crypto gaming investments).

Let's dive into a real-world example of how crypto gaming can pay off. TyroX's success story shows that gamers can still score big in the crypto gaming world. TyroX managed to earn 20K MNT (approximately $12K USD) by engaging in gameplay, completing quests, and participating in a lootdrop campaign.

This instance highlights the REAL opportunities available in crypto/web3 gaming for those willing to dive in. 👇

Beginners Guide To Web3 Questing Platforms

As the crypto gaming space continues to grow, there's an increasing number of websites where web3 gamers can participate to earn remarkable rewards. Some of these questing sites are even backed by household names in crypto such as animocabrands, a16z, BitCraft, and many more.

Questing websites allow players to connect their gaming and social accounts to confirm the completion of in-game or social tasks, comparable to an XBOX or PS5 achievement. Upon completion players can be rewarded points which usually have a direct correlation to airdrop rewards.

Here are 5 questing platforms with ongoing airdrop and reward campaigns in crypto gaming that you should probably keep on your radar:

  • Galxe: One of the most widely known decentralized platform for Web3 community building and loyalty programs, featuring quests and a universal identity system for seamless user interactions across blockchain ecosystems. Trusted by Solana, Avalanche, Arbitrum, Optimism, Coinbase, Forbes, and many other leading brands in the space.

  • Gam3sGG: Aims to revolutionize Web3 gaming by linking in-game challenges with tangible rewards, focusing on fun and engagement rather than just tokenomics.

  • Soulbound: Focuses on integrating gaming with social elements in Web3, offering quests and rewards based on real-time in-game achievements, enhancing user engagement through gaming.

  • Game 7: Building a future that is transparent, fair, and collectively owned, Game7 empowers both developers AND gamers. G7 is governed by meritocracy, a system where a citizen’s contributions, not capital, grant them status, rewards and influence.

  • Starbase: Offers quests and community tasks built on Base's infrastructure, focusing on leveraging Ethereum L2 for decentralized app engagement.

ICYMI: Gaming News Highlights & Headlines

Thanks For Reading!

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