Game Play To Earn Money

by admin

The time has come to make money from playing games, according to Yield Guild Games, which has raised $1.325 million to enable this to happen.

Yield Guild Games is a pool of 2,500 people who believe in the “play-to-earn” model that rewards gamers for playing games. The group is known as a decentralized autonomous organization (DAO), and its investors and players own it. It takes the money from investors and earned by players and reinvests it in game assets and virtual land.

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Players in the Philippines (which had unemployment as high as 40% in the pandemic) have been playing games in the guild and earning a living wage doing that, said Yield Guild founder Gabby Dizon in an interview with GamesBeat.

Dizon discovered this as an early fan of Axie Infinity, a blockchain game that rewards for players. And it made him think of the concept of a guild in a game and turn it into a mega-org that could operate over many games.

“A lot of people are desperate to earn money,” said Dizon. “Some people are finding Axie Infinity because they were blockchain and crypto enthusiasts. They quickly learned you could earn two or three times the minimum wage by playing this game. They didn’t know what a digital wallet was, and they went through all of these hurdles, but they started playing the game and earning money. So it spread like wildfire. People could see that their friends were earning more than they did in their day jobs.

“I thought this was something that was scalable, the idea of playing to earn in a gaming guild that cooperates with communities around the world. The guild can play different games that have economies backed by blockchain. The time is ripe for this.”

The Leisure Economy

Above: Yield Guild Games bought a stake in The Sandbox’s virtual real estate auction.

I see it as a big step forward for the Leisure Economy, a utopia in which people can make a living by getting paid to play games. I do that as a game journalist. But today, we have many more candidates who have a chance at living the dream. They include esports athletes, cosplayers, influencers, YouTubers, livestreamers, modders, and many others getting paid to play. These “creator economy” jobs might have seemed ludicrous in the past, but now they’re more than a novelty.

New kinds of jobs exist today that didn’t a few years ago. And artificial intelligence can potentially wipe out a lot of existing jobs, the way the pandemic has, and so it would be great if we could monetize the time and attention that we invest in games. The problem so far is that only exceptional esports athletes and celebrities are living this dream. But Dizon sees potential for everyday people to make a living this way. It could happen in poorer countries first, like the Philippines and Indonesia, and then spread to wealthier nations. It’s almost like the gold farmers in China who made a living playing World of Warcraft, without the insane overwork. Those farmers also didn’t get to invest.

“This helps put food on the table, and once they are done with that, they can invest in the games and make more money from them,” Dizon said. “When I was pitching this last year, a lot of people thought I was crazy. But then we demonstrated that we had real players.”

Dizon said he likes how technology is impacting real people’s lives. He noted the potential of the metaverse, and the opportunities that exist within it, to provide more opportunity for participation and improved quality of life for people who have been left behind by the rest of the world. Those in emerging economies are joining these games enthusiastically, as they’re coming from places that have been impacted badly by the pandemic. There has been very little relief from the government, the job opportunities are lacking. But they’re finding opportunities in the metaverse, which might sound fantastical, as it is actually delivering real value in the real world through these digital realms.

The NFT craze

Above: The Sandbox is a user-generated content world with NFT ownership.

This phenomenon is connected to the craze around blockchain-based nonfungible tokens, or NFTs. These NFTs used the blockchain (the transparent and secure decentralized digital ledger) to uniquely identify digital items. If you invest in these items in things such as art or games, the value of the items could potentially go up and you could make money from the investment. A growing group of game startups is embracing NFTs, as are musicians, artists, and sports collectible sellers. (I wrote about this craze in my latest DeanBeat column).

NFT art, such as 3LAU’s latest music album, has been selling like crazy. The musician sold 33 uniquely identified copies of his album over the weekend in an auction, and the top bidder paid $3.66 million. Another example is NBA Top Shot, a digital take on collectible basketball cards. Published as sports collectibles by Animoca Brands and built by Dappler Labs, NBA Top Shot has surpassed $100 million in sales, five months after going public to a worldwide audience. Revenue of $60 million has been generated from 60,000 users in the last week alone.

Dizon has been watching the trend in NFTs for a few years. So he dreamed up the DAO for Yield Guild Games and raised the money last fall from Delphi Digital, Scalar Capital, BlockTower Capital, Gumi Cryptos Capital, Ascensive Assets, and Youbi Capital, among others. Scalar Capital is a crypto investment firm founded in 2017 by Linda Xie and Jordan Clifford. Its investors include Chris Dixon, Marc Andreessen, Elad Gil, Brian Armstrong, Fred Ehrsam, and Bain Capital Ventures.

“These are fantastic founders and NFT is white-hot, but beyond that, the evolution of game attention economics creates opportunities for both model disruption and geographic arbitrage,” said Miko Matsumura, a cofounder of Gumi Cryptos Capital, in an email to GamesBeat. “This is well documented in the history of gaming via companies like Machine Zone or IGN. But in traditional gaming, these relationships were exploitative, whereas in DeFi [decentralized finance] and NFT there is a great potential for the rise of play-to-earn guilds that benefit the players and their families.”

But rather than use that money to build out a company, Yield Guild Games has invested it in NFTs. It has bought, for instance, 88 plots of Savannah land in the game Axie Infinity. It also bought a 12-by-12 estate in a public virtual land sale in The Sandbox, a game from Animoca Brands. Yield Guild Games spent more than $100,000 on those two transactions in which it purchased land that doesn’t exist, except in the digital realm. The guild plans to hold that land and make money on the investment, Dizon said.

Meanwhile, the guild’s players can earn their share of the organization’s money by playing games. The DAO will share profits with its investors via the YGG protocol. In Axie Infinity, the players earn a currency dubbed Small Love Potion. One SLP can be converted into the equivalent of four cents in U.S. currency. The guild has so far earned four million SLP, or about $160,000, split among hundreds of players. The active players are around 280 or so, while the total number in the guild’s Discord chat is around 2,500.

“Earning a couple of hundred bucks a month goes a long way in these places,” Dizon said. “But as investors in NFTs, they can earn more. We are instilling an investor mindset as they play the games.”

Money

The big vision

Above: Gabby Dizon is cofounder of Yield Guild Games.

Dizon’s vision is to create the largest virtual world economy. Yield Guild Games will focus on accelerating the “play-to-earn” phenomenon to enable players worldwide to generate income by operating, selling and leasing in-game objects.

“Everybody is talking about NFTs, but we’re demonstrating what you can actually do with them. In particular, the idea of play-to-earn gaming is giving people all over the world the chance to earn real money while doing what they enjoy,” said Dizon.

NFT assets grew from $40.9 million in 2018 to more than $338 million in 2020, according to Nonfungible.com, which tracks the market. That was with only 150,000 people participating in the market. Some are predicting it could grow to $1.3 billion in 2021, with growth in art, gaming, sports, and collectibles.

Initially, YGG will invest in yield-farming NFTs found in games such as The Sandbox, League of Kingdoms, and Axie Infinity. The latter recorded the largest NFT-based land sale of all time on February 9, when a digital estate sold for 888.25 ether (approximately $1.5 million at the time).

Above: 3LAU’s album score a huge NFT windfall.

The recent GameStop short-squeeze and wild gyrations of the company’s stock price was driven by enthusiastic grassroots investors associate with WallStreetBets, a Reddit forum. That didn’t end so well, but it did introduce a new age in investing that is driven by the empowerment of individual investors. Someone compared the guild to WallStreetBets, and Dizon took that as a compliment.

Besides Dizon, Beryl Li and Owl of Moistness helped start Yield Guild Games. Dizon previously started Altitude Games in 2014 and brings over two decades experience in mobile gaming. Li cofounded an asset token platform in 2016, which was acquired in 2019 by SMKG. Owl of Moistness is a tech cofounder and smart contract developer.

Dizon said that Yield Guild Games can operate across multiple games (such as Formula One Delta Time), with players earning rewards in those games and the DAO investing in NFTs. The DAO stores the proceeds in a digital wallet. Players will eventually be separated into tiers, with the hardest workers earning more money. Dizon expects to raise more money in the future. He thinks that game companies will court the guild in the future as a way to make a game take off in a viral way. More NFT-based games are on the way.

“Think of us as a metaverse real estate company,” Dizon said. “People invest in us. We invest in assets, we build buildings and experiences on top of those assets. And then we basically earn the revenue from that. So it’s not that different from building a building or a theme park on the lands that we own.”

The DAO won’t try to ruin the gameplay in games or engage in risky behavior like gambling. It will simply get players to play games and get paid for that. I hope it works, as I really want to see the Leisure Economy arrive and make a real difference in everybody’s lives.

PayMoney

“This is such a powerful force that basically the gaming world has never seen before,” Dizon said. “We want to onboard tens of millions of players into the guild.”

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Do you want to make money by playing games on your phone?

That sounds like it would be too good to be true, but there are actually a lot of apps out there that let you do it! In this post, we will be showing you the best apps that pay you to play games.

What’s the Catch?

Before you download any of these apps, you might be wondering a company would ever do anything like this or what the catch might be. I mean, why would any company pay you to play free games on your phone?

There are three common reasons that you would get paid to play games.

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  1. First, companies pay money for people to use their apps to boost their player base and appear more popular on an app store. Because there are millions of apps out there, they need help from people like you to get higher rankings.
  2. The second reason is that free apps often want people to play so they can get “hooked” on a game and buy in-app currency. They’re hoping that the few cents you earn from downloading the app will go directly back into their pocket. Obviously, the best way to avoid this happening is to ignore any purchase opportunities!
  3. The final reason — and in my opinion, the sketchiest reason — is gambling. Some gambling apps will give you free tickets to play to win money. Then they’ll give you some “great deal” where you pay money on more tickets to gamble. The best approach to these apps is to accept the free tickets but never pay for anything they offer you.

Now, with that out of the way, here are the apps!

Earn Money by Playing Games on Android

Let’s start with apps that pay you to play game son Android.

1. Verydice

  • Available on: iOS and Google Play

The premise is simple enough: you roll the virtual dice, win tickets based on what you roll, then redeem your tickets for prizes! You have a limited number of rolls per day, and they make their money by selling additional dice rolls.

2. InboxDollars

  • Available on: iOS and Google Play

In addition to being a paid survey site, Inboxdollars has a whole section of games that you can play and get paid for! Basically, companies pay InboxDollars to find people to play their games, and the site passes a little of that money on to you.

Read our detailed review of InboxDollars for details and other ways to earn, plus a few tips on how to make the most money with InboxDollars.

3. Coin Pop

  • Available on: Google Play

Coin Pop is a free app that rewards you in coins for every second you play games from their list. You can exchange the coins for gift cards or cash prizes.

4. CashPirate

  • Available on: Google Play

This app offers a variety of ways to make money by downloading new apps, completing surveys watching videos and, yes, playing games.

5. Fitplay

  • Available on: Google Play

Offering an experience with no deposits or in-app purchases, Fitplay is just here to reward you for trying new games. Just choose one off their list and start earning rewards.

6. AppStation

  • Available on: Google Play

AppStation offers a variety of genres to choose from and get paid to play, like casual, action, strategy, puzzle or arcade. The games are all free to play, and your rewards are given by the amount of time you spend playing.

7. Lucky Miner

  • Available on: Google Play

Featuring a cute user interface and a wide range of rewards, up to and beyond a $50 PayPal cash payout, Lucky Miner pays you by the minute to try new games.

8. Cash Alarm

  • Available on: Google Play

Cash Alarm offers to give you your first gift card a few hours after you start playing one of their games, which is a big plus. You and your friends can also get bonuses for referring them to the app.

9. Golden Farmery

  • Available on: Google Play

With new apps on offer every day, Golden Farmery will pay by the minute for you to play a variety of mobile games across all genres. Win rewards and cash out the next day.

10. Mistplay

  • Available on: Google Play

Bored with your current game library? Mistplay offers mobile users recommendations for new games and even rewards you for playing them! The app also has a chat function to stay in touch with other players!

11. Cashout Rewards

  • Available on: Google Play

This app lets you earn points by:

  • Installing free apps
  • Playing games
  • Completing surveys
  • Watching videos

You also get a guaranteed 10 points every day you log on. Once you have enough points, you can redeem them for PayPal cash and gift cards.

12. Bananatic

  • Available on: Google Play

This app is specially made for people who are already into online games. Offering rewards like gaming mice and video games, this one’s perfect if you’re a gamer yourself or are looking to get a gift for one in your life.

Apps that Pay You to Play Games on iPhone

While there are many game apps that pay you real money for both Android and iOS devices, there are a few that are exclusive to iOS devices.

Play game earn money app in india

Some of the best include:

13. HQ Trivia

  • Available on: iOS

Play a new quiz with word games and trivia every day with HQ Trivia! It’s actually a very popular app to play trivia and win cash. This app has had guest celebrities like The Rock, Robert De Niro, and more drop in, so keep your eyes peeled.

14. Toy Town Cash Money

  • Available on: iOS

This app takes an interesting approach to earning cash by playing games. There are no in-app purchases or pay to win scenarios. All you have to do is play their games and earn tickets. The tickets let you enter into one of their many cash prize draws. If you win, you get the money paid to your PayPal. Pretty simple, right?

Best Apps that Pay You to Play Games

Here are applications that pay you for playing games.

15. Toluna

  • Available on: iOS and Google Play

Toluna is a survey site with a hip modern twist, aiming itself at young would-be “influencers.” In addition to surveys, it offers a series of its own games which users can play and get rewarded for.

16. Swagbucks Live

  • Available on: iOS and Google Play

From the popular online rewards site Swagbucks comes a trivia game that can earn you cash prizes! Answer all the questions quickly and correctly to qualify for a grand prize of up to $500!

17. Play and Win

  • Available on: iOS and Google Play

Offering a grand prize of $50,000, Play and Win is a trivia game that offers cash prizes for its most knowledgeable players. A new game starts every hour, with players competing against each other.

18. Lucky Day

Play Game Earn Money Paytm

  • Available on: iOS and Google Play

Love casino games but don’t like the crowds? Then Lucky Day is the app for you. Featuring scratch-offs, blackjack, and more coming soon, you can play to win real money!

19. Big Time

Play Game To Earn Money

  • Available on: iOS and Google Play

From WINR Games, Big Time offers real money to play their games. The money is handed out through a raffle, so the more tickets you earn playing games, the better your chances of winning big!

20. Lucktastic

  • Available on: iOS and Google Play

Featuring a new contest to pay for your grocery trips, Lucktastic also offers Lucky Trivia Live, a trivia show that you the audience can participate in and win from!

21. Long Game

  • Available on: iOS and Google Play

Long Game is a banking app that features a gamified rewards system. Every day, you can use points you’ve earned for using their card to play games and compete for up to a million dollars!

22. Wealth Words

  • Available on: iOS and Google Play

Like puzzles? Wealth Words has crosswords, poem and story puzzles you can play to win 30, 200, even 700 dollars! The app offers secure instant withdrawal through PayPal for your winnings.

Cash App Money Games

23. Brain Battle

  • Available on: iOS and Google Play

Brain Battle offers players a chance to earn tickets by playing games. One ticket is all it takes to be entered to win cash prizes. Plus, the more people play, the bigger the rewards will be.

24. Appnana

  • Available on: iOS and Google Play

Appnana says that it has paid over $10 million to its members over the years it’s been open. You play games they offer you, then you redeem your rewards for gift cards for places such as:

Play Mobile Games Earn Money

  • Amazon
  • iTunes
  • Google Play
  • Xbox

Final Thoughts

There are lots of apps that pay you to play games out there, you just need to install them and get playing! Just make sure you don’t fall into the trap of paying for in-app purchases while you’re having fun.

Have you used any of these apps before? Do you know of any other app that pays you to play games? Let us know if you liked any of them!