Crypto Gaming 101: How to Play and Earn Online in the Philippines

Published: August 10, 2021 | Updated: August 18, 2021 | Posted by: Ricky Publico | Personal Finance


crypto games in the Philippines | Moneymax

Earning money from video games has always been the pipedream for hardcore and casual gamers alike. Thanks to technology moving too quickly, this is now entirely possible. You can either write about video games, stream yourself playing it, or make one yourself. If you want, you can even become a professional video game athlete and compete in various tournaments. But all of these require a lot of hard work. What if you can just earn by simply playing? Enter crypto games. 

You’ve probably heard the story of an entire community making a living off of NFT video games online.[1] One resident earned PHP 1,000 after playing the hit game Axie Infinity for 15 days, and from there, other members of the community joined in on the fun. Since the quarantine won’t end anytime soon, it won’t hurt to try and explore other ways to earn some income from home

To help you get started on NFT crypto gaming, here is an informative guide that will cover all your bases. 

What is NFT?

NFT stands for non-fungible token. To understand what non-fungible means, it’s important to discuss the concept of fungibility. This refers to the ability of an asset to be exchanged with similar assets of the same value.

An example of a fungible asset is currency. If you want to get rid of your four five-peso coins, you can have it exchanged at your nearest sari-sari store for one 20-peso bill. They may differ in form, but they still have the same value of PHP 20. 

So when an asset is non-fungible, it means it’s unique and can’t be easily replaced with something of the same value. For example, you can’t just replace Juan Luna’s Spoliarium painting with a printed version of it. This is why the painting is valuable—it’s the only one of its kind. Therefore, non-fungible tokens are basically unique digital tokens that you can own, buy, or sell in exchange for any amount of money. The more unique your NFT is, the more you can get money out of it. 

How Do NFTs Work?

NFTs are cryptocurrencies that are completely unique. They exist as a string or numbers and letters stored in a blockchain ledger and contain various information like who owns the NFT, who sold it, and when it was sold, among other things.

Every data stored in NFTs is also encrypted, ensuring its authenticity and scarcity. NFTs are essentially digital files authenticated with digital certificates. This is why NFTs are now a lucrative industry today, especially in the art world.[2]

If you’re intimidated with anything crypto, articles about cryptocurrency basics should help you get started.

What are Some Examples of NFT?

crypto games - nft warnymphs
WarNymph NFT by Grimes
  • Nyan Cat – Yes, the lovable GIF cat that went viral in 2011 was sold as an NFT in its 10th year anniversary for a whopping USD 580,000.
  • Charlie Bit My Finger – Remember that viral video of two brothers being the most adorable toddlers ever? It’s now an NFT and was sold for GBP 538,000.
  • WarNymph – Artist and Elon Musk’s girlfriend Grimes shocked everyone when she sold her NFT artwork for USD 5.18 million in a matter of minutes. 
  • NBA Top Shot – The NBA has also jumped on the bandwagon by selling NFT cards of NBA highlights. Its most expensive item right now is a Ja Morant dunk card worth USD 250,000.

What is Crypto Gaming?

crypto games - axie infinity

So if NFTs are popular in the art world, where does it fit in the gaming world? NFT allows game developers to incorporate real stakes into video games. By making characters and items in the game NFTs, players can buy, sell, and trade with other players through cryptocurrency. Thus, crypto gaming was born.

Cryptocurrency games, also known as play-to-earn games, are a class of video games that uses cryptocurrency to buy digital items and unlock perks to improve the gaming experience.

What’s unique about crypto games is that because they’re NFTs, all the items you own in the game are truly yours. The developers of the game you’re playing won’t have any say in what you can do with them and it’s almost impossible to take it away from you.[3] As long as there’s an active economy running it, crypto games are more likely to remain active for years. That means you have lots of time to buy, sell, and earn money by simply playing a game. 

How Can You Earn Money Playing Crypto Games?

It differs from game to game, but essentially, you’ll be spending real money through cryptocurrency to buy characters or items and play the game itself.

Every time you win, you get to earn special items that are either common or unique to the game. And since all the items in crypto games are NFTs, you can sell some of your rare and valued items to other players. You can then convert your items into cryptocurrency and cash it out in the real world through your preferred crypto platform

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Where Can You Play Crypto Games?

Fortunately, most crypto games are accessible to almost everyone in the Philippines. As long as you have a stable internet connection, you can choose to play on either your smartphone (Android or iOS) or desktop computer (Windows or MacOS). No need to worry about the specs because modern smartphones can handle most crypto games, and some can be played through web browsers. 

How Risky are Cryptocurrency Games?

Unfortunately, play-to-earn doesn’t necessarily mean free-to-play. Just like UITF, mutual funds, or any other type of investment, you’ll need to invest a lot of money to earn big. Cryptocurrencies are volatile in nature, which means the value of your NFTs could suddenly spike up and spike down just as likely. 

Also, cryptocurrencies are not endorsed by the Bankgo Sentral ng Pilipinas (BSP) as legal tender, store of value, or investment vehicle.[4] This doesn’t mean, though, that crypto games aren’t legit—it just means they’re too risky to be endorsed to the general public. 

Crypto Games You Can Play in the Philippines

Axie Infinity

crypto games - axie infinity
  • Platforms: Windows, MacOS, Android, iOS
  • Cryptocurrency: Ethereum

Axie Infinity is like if you can earn money from playing Pokemon. No wonder this play-to-earn hit took the Philippines by storm in late 2020.

To get started, you need to buy three adorable Axie monsters to build your team and battle other Axie teams to earn Smooth Love Potions (SLP), which you can then convert to cash. You can also sell and trade Axies and other in-game items to either increase your earnings or strengthen your Axies team, which then leads to more SLPs. 

Unfortunately, the price of one Axie has skyrocketed to PHP 15,000 due to the game’s popularity. If you don’t have that much money to spare, you can apply for an Axie Infinity Scholarship. This involves an existing player lending you three Axies, so you can play the game for six to eight hours per day. You’ll have to agree with your sponsor to split your earnings 50-50, 70-30, or 80-20.  

CryptoBlades

crypto games - cryptoblades
  • Platforms: Windows, Android
  • Cryptocurrency: Binance Coin

Another game you can try simply by playing it on your browser is CryptoBlades. It’s a roll-based fighting game where you aim to earn SKILL points per battle by buying and trading weapons and items. The more SKILL points you earn, the more money you can cash out. If you’re the most casual of players, the laid-back approach of CryptoBlades could be the perfect fit for you. 

CryptoFights

crypto games - cryptofights
  • Platforms: Windows, Android
  • Cryptocurrency: Ethereum (Enjin Coin)

If you want a more thrilling turn-based, roll-based game, you can try CryptoFights. Just like other crypto games on this list, you’ll need to spend real money to create a character and buy weapons and items. Playing enough games on the free single-player campaign unlocks the battle portal, where you can battle other players and earn NFT items that are tradable on the game’s marketplace. 

CryptoKitties

crypto games - cryptokitties
  • Platforms: Chrome, Firefox
  • Cryptocurrency: Ethereum

Don’t want violence in your crypto games? You can just collect and breed cute cats with CryptoKitties. You can buy a kitty from the in-game store, and if you have two kitties, you can have them breed to make a new one. Collect and trade kitties with other digital car lovers on the in-game marketplace or on other NFT stores. Plus, you can enter the KittyVerse and join catfights or solve puzzles. You know, in case you just want to play with your digital fur babies.  

League of Kingdoms

crypto games - league of kingdoms
  • Platforms: Android, iOS, any modern browser
  • Cryptocurrency: Ethereum

Strategy games have also adopted NFT technology with League of Kingdoms being one of the first. It plays like a typical tower defense strategy game; instead this time, each land is a real estate NFT. You can build towers, fortify your defense, and rewards by simply owning a piece of digital real estate in the game. You can also simply sell your land to other players, just like how real-life real estate works.

Lost Relics

crypto games - lost relics
  • Platforms: Windows, MacOS
  • Cryptocurrency: Ethereum (Enjin Coin)

Now here’s one for the most hardcore gamers out there. Ever played the Diablo series? Then you’ll love Lost Relics. It’s a hack-and-slash game where you can go nuts hunting monsters. Each successful kill earns you a drop ranging from weapons to accessories. These items can then be traded with other players online for real money. Just be prepared to spend in-game crystals when transferring items to other players.  

My DeFi Pet

crypto games - my defi pet
  • Platforms: Any modern browser
  • Cryptocurrency: Binance Coin

Now for some more pet collecting and battling. My DeFi Pet combines the traditional gaming experience and the power of blockchain technology in this play-to-earn browser game. You’ll be spending money on DPET tokens, the game’s main currency. You get to earn these tokens after every successful battle and by selling your pet monsters with other players. Just like Pokemon, you can collect, breed, and level up your monsters to help you earn DPET tokens. 

Splinterlands

crypto games - splinterlands
  • Platforms: Windows, Android, iOS
  • Cryptocurrency: Hive

Trading digital cards fit the definition of NFT so well, they just had to make a video game out of it. Splinterlands is an online card trading game where players get to build their own deck of powerful NFT cards by buying fighters, stats, and abilities. You can then increase your level by battling other players, which then unlocks more powerful cards. Play enough games and you can earn yourself some rare cards for you to sell or trade with other players.

Nine Chronicles

crypto games - nine chronicles
  • Platforms: Windows
  • Cryptocurrency: Libplanet

Unlike most crypto games on this list, Nine Chronicles is free-to-play and open source, which means the game is completely governed by its players. It plays like the usual side-scrolling platform game, but modders can add more game mechanics to their liking. You earn money by selling or trading items for Nine Chronicles Gold (NCG), which are convertible to cash. You can also refer other players, and when they reach level 20, you instantly earn 20 NCGs. 

The Six Dragons

crypto games - the six dragons
  • Platforms: Windows
  • Cryptocurrency: Ethereum

Are you more adventurous when it comes to gaming? Then an open world game like The Six Dragons is the perfect fit for you. You start with nothing, so you must craft weapons and other helpful items so that you can raid dungeons and kill monsters. Of course, crafting and item management require spending money to use properly. All items are NFTs, so you can buy, trade, and sell them to other players online. 

Town Star

crypto games - town star
  • Platforms: Any modern browser
  • Cryptocurrency: Ethereum (Gala)

Town Star is basically if Farmville generated income for you. Only this time, it’s more challenging than asking your friends to farm your crops. Town Star resets every six days, which means every player starts from scratch. From there, you can build your farm by hiring workers and trading crops and equipment. After every cycle, the top players are awarded with Gala Coins, in-game NFT items, and more.

Final Thoughts

Note that crypto games are just like any other investments—they come with risks. But as long as you do your research and plan everything right, you can find yourself earning big while having fun with whatever game you choose.

So what are you waiting for? Work hard, play hard, and earn hard by dusting up your game skills and investing some money in the process. Game on!

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