Top 10 Play-to-Earn Games To Invest in During 2023

For their efforts, players can earn digital currency or non-fungible tokens (NFTs) in “play-to-earn” (P2E) game development on the blockchain.

Given the current bear market affecting cryptocurrencies like BTC, this makes the crypto gaming industry one of the most attractive for potential investors with good profits to be made.

In 2023, these 10 companies will be the best places to spend money in play-to-earn games.

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• Metacade (MCADE)
• The Sandbox (SAND)
• Decentraland (MANA)
• Axie Infinity (AXS)
• Gods Unchained (GODS)
• My DeFi Pet (DPET)
• Alien Worlds (TLM)
• Illuvium (ILV)
• CryptoBlades (SKILL)
• Silks (STT)

1. Metacade (MCADE)

The blockchain-based multi-game virtual arcade known as “Metacade” is set to shake up the GameFi market with its groundbreaking new features and architecture. Metacade promises to be a frontrunner in the expanding field of metaverse gaming thanks to its wide selection of engaging P2E titles and other revenue-generation options for its users.

The white paper for this exciting platform details its plans to become a fully-functioning and self-sufficient decentralized autonomous organization (DAO) by the end of Q4 2024. It’s a groundbreaking Metagrants scheme that provides funding for gaming developers to apply to turn gaming ideas into reality following a community vote, the launch of a jobs board in Q1 2024 that will host the best careers opportunity in Web3 and GameFi development, and more. 

Metacade is a great option for play-to-earn game investors during its presale, having raised $1.5 million during its beta presale phase in just over four weeks. Next few months and years, this investment should generate a healthy return.

2. The Sandbox (SAND)

The Sandbox is an open-source blockchain testing ground that doesn’t require special knowledge or credentials. Players can construct, design, share, and trade characters, games, and 3D metaverse worlds in a blocky style similar to Minecraft and Roblox.

In addition to being one of the user-friendly blockchain gaming platforms, its plug-and-play game creation modes also make it one of the simplest to learn. Even those who have never touched a line of code before can use this simple interface to design complex environments and games for the platform’s users to enjoy.

The greater the population of builders, the greater the value of NFTs for buying, selling, and trading. SAND is one of the most promising companies offering play-to-earn to invest in, with excellent potential profits to be realized and roughly half of all SAND tokens still available for purchase, thanks to its already established popularity among crypto gamers.

3.Decentraland (MANA)

Users of Decentraland can buy virtual land and build their 3D worlds in this shared virtual environment. Users can buy plots of land with LAND tokens and use them to create whatever they like, from an online store to sell goods and earn MANA tokens to an entire theme park, as Warner Music has done.

Because it is a DAO, the platform’s user community governs and guides the virtual reality setting. Because its users have a say in the virtual world’s future and governance policies, Decentraland stands out among other metaverse virtual reality worlds.

New projects are constantly being developed in Decentraland’s metaverse, and the platform has attracted some notable names from pop culture and business worlds. The likes of Paris Hilton, JJ Lin, and JP Morgan have all bought virtual land in Decentraland, driving up the value of some LAND tokens in the area. Due to its association with such well-known brands and the dynamic nature of the Decentraland ecosystem, MANA is an excellent investment opportunity for anyone considering the purchase of play-to-earn games.

4. Axie Infinity (AXS)

Axie Infinity, one of P2E’s most popular games, is a battle and trading RPG in the vein of Pokemon Go. “Axies” are non-fungible tokens (NFTs) created on the Ethereum blockchain that players collect, train, and breed before pitting them against other players online to win prizes.

As a gamer, you can pick from dozens of unique

 Axies, each with many options for personalization and growth. The in-game currency, AXS coins, can be exchanged for Smooth Love Potion (SLP) tokens, which are the game’s reward mechanism.

Even though Axie Infinity’s user base has dropped significantly during the current bear market from its peak of 2.78 million at the beginning of 2022, resulting in SLP losing more than 99% of its value, the game’s solid and loyal following in Southeast Asia assures the platform of an exciting future.

 End of 2022, more than 60% of the total supply of AXS coins was available for purchase, making AXS a good bet to rebound in 2023 and an excellent choice for crypto fans looking for companies with play-to-earn games.

5. Gods Unchained (GODS)

Gods Unchained, unlike most GameFi titles, is free to play. As a result, it is one of the most popular NFT game developments in the metaverse, providing players with excellent P2E opportunities. As such, it serves as a great jumping-on point for newcomers to the world of metaverse gaming.

Gamblers put together a deck of cards and use them in duels and battles against other players, either online or in person, to win prizes. The Ethereum blockchain system allows players to control their digital cards and improve their odds of winning matches through card management, trading, and purchasing.

The GODS token is the platform’s native currency, and it can be used to buy card packs and chests, as well as to generate new NFTs and stake tokens for rewards. This offers a level of gaming depth that can’t be found in the classic card trading games of yesteryear. GODS will maintain its dominant position in the Web3 competitive card trading space for some time, thanks to its dedicated customer base and plans to release seasonal game packs.

6. My DeFi Pet (DPET)

My DeFi Pet is a blockchain-based game where players care for digital pets, and DPET is the game’s native token. A generation of gamers grew up with Tamagotchis, and My DeFi Pet takes that concept and modernizes it with the help of Web3 technology.

Players can buy, sell, and trade pets with one another in the game’s marketplace in addition to raising their own. Pet owners can make their own unique NFTs by selecting from various customization options, such as changing the pet’s skin tone, eye color, and head shape or even giving it wings and a new coat.

You can use DPET coins to shop for in-game content like pet food, clothing, and accessories and buy and sell NFTs with other players in the game’s marketplace. My DeFi Pet has a huge window of opportunity to grow in 2023 and make money for investors seeking play-to-earn games, as only 16% of the 100 million DPET coins are currently in circulation.

7. Alien Worlds (TLM)

With its focus on aliens, Alien Worlds has become the most popular player-to-player (P2E) science-fiction adventure game in the metaverse. There’s a simple goal in this game. NFT alien species can be used to play games, mine for resources, and level up to increase their chances of success.

After selecting a plot of land, players are given a shovel and instructed to begin mining the local currency, Tilium (TLM). TLM can be used to buy NFTs in the game’s trading platform and staked for a voice in the game’s administration and policymaking. Coin staking, renting out plots of land, and defeating other players in battle are viable ways for TLM owners to generate passive income.

As of December 2022, roughly one-third of the total TLM coins will have been distributed. Opportunities to put money into play-to-earn games in 2023, with Alien Worlds at the forefront of the sci-fi GameFi experience.

8.Illuvium (ILV)

Popular amongst PC and Mac users alike, Illuvium is a virtual world and gaming hub. This sci-fi adventure game, accessible via the Ethereum blockchain, lets players discover seven planets from another solar system. The point of the game is to amass a collection of NFT creatures and to engage in combat with other players to gain rewards.

More than a hundred monsters that rule over alien territories can be collected, trained, and combined to create even more powerful creatures in this game. The Illuvial is the name given to these beings. Those who complete quests, enter tournaments, and wager ILV on Leviathan Arena fights are rewarded with ILV tokens.

Fans of P2E should consider investing in Illuvium in 2023 because its captivating plot will draw a large number of new players.

9.CryptoBlades (SKILL)

The SKILL token is the in-game currency for Cryptoblades, a decentralized role-playing game (RPG) hosted on Binance Smart Chain. Players must first acquire characters using SKILL tokens to take part in battles and then develop or craft weapons to use in said battles.

The game’s goal is straightforward:

• Make your characters as powerful as possible.
• Defeat your foes in battle.
• Collect their SKILL tokens as rewards.

These tokens can be cashed out, traded, or used to upgrade assets like weapons.

More than 90% of the total supply of 1,000,000 tokens on the platform is in circulation now, so P2E investors interested in CryptoBlades as a company offering play-to-earn games to invest in should move quickly if they want to see a return on their money.

10. Silks (STT)

In Silks, players can live out their fantasies of owning and training a champion thoroughbred racehorse in a fully realized virtual world. Silks’ distinctive Web3 offering has a massive audience to cultivate because it follows a horse from its birth to its performance on the racetrack.

Horses are a popular commodity in the game, and players can breed, purchase, and trade them using STT tokens at the in-game marketplace. Similar to the real world, the ability to participate in horse races and win prize money can be used to generate passive income. Silks have a tonne of content because it features over 10,000 playable horses, each with its unique personality and set of possessions.

In addition, players can invest in real estate and construct a horse farm from which they can breed horses and profit from the success of their virtual counterparts. The silk market appears poised for a breakout in 2023, which should provide excellent returns for early buyers.

To sum up

Despite the slow cryptocurrency markets, 2023 is a banner year for metaverse gaming, building on the successes of 2022. Metacade is the best bet for investors looking for opportunities in 2023, though each of the ten P2E titles listed here has attractive selling points.

Metacade is an extremely alluring investment opportunity due to its vast and multifaceted roadmap, plans to transition into a fully functional DAO, and rich earning potential on the platform. With the presale currently in its first phase, early investors can profit from the gradual increase in the price of MCADE tokens from $0.01 to $0.02 once the presale ends.