Are you a gamer? If yes, do you know that you can earn by playing games? That’s right! With the rise of web3 and the BNB chain, you can now play games to make money! The BNB smart chain is a blockchain network compatible with Ethereum Virtual Machine (EVM) developed by the popular cryptocurrency exchange.
One of the most potent instruments for unleashing human potential via play to earn is Binance Smart Chain (BSC). It is the second largest network in terms of locked value, and many firms just starting are choosing its blockchain as an alternative to Ethereum.
By the end of 2021, BSC will have locked away over $17 billion in various decentralized apps or pools, with some of that money already finding its way into gaming initiatives. So, interested in getting into the world of play-to-earn video games? Below, you can find a beginner’s guide to playing games on the BNB chain.
How Did The BNB Chain Begin?
In this beginner’s guide to playing games on BNB Chain, you first should know how the chain began. Binance Smart Chain is a product of Binance, Inc., the popular Binance cryptocurrency exchange developer. Binance Coin (BNB) was first introduced in 2017 and was initially utilized as an Ethereum-based asset by the exchange.
Binance saw a growing demand for a more efficient and affordable network as the blockchain industry progressed. Binance Chain was the first network ever built, and it is still operational today. Binance Chain is the foundational layer network for exchanging Binance Coins. However, Binance Smart Chain was a quicker solution with more robust smart contract capabilities for use in play-to-earn games, DeFi, and other on-chain operations.
Soon, with the rise of this new network came games that allowed players to earn real money while playing them. So if you want to start playing the best BNB games today, consider starting with the following: Mobox, X World Games, and Bomb Crypto.
Choosing the Right Network
When getting into this new world of BNB Chains, you must choose the best network that offers you the best benefits. Binance Coin (BNB) is a versatile currency that may be spent on either the original Binance Chain or the more advanced Binance Smart Chain. You can select BSC as your default network in services like Trust Wallet and Binance Wallet. These are some of the most popular tools for making cryptocurrency-based transactions
Any in-game NFTs will be available through the preferred network wallet. Securing winnings and income from gaming activities requires both the Binance Chain and the Binance Smart Chain.
Why Should You Use the BSC Chain?
In our beginner’s guide to playing games on the BNB chain, we recommend that you know precisely why you are using the Binance smart chain or (BNB) chain and everything that it offers you as a client. So first, let’s run you over everything this network will provide you with.
BSC’s three-second block time supports real-time app performance with huge transaction loads. Additionally, BSC supports the Ethereum Virtual Machine (EVM), enabling cross-network projects. Bridges have been developed between BSC and other decentralized networks; thus, cross-chain transfers are possible.
Several tokens and full-game play for token variants are currently live on BSC. Compared to Ethereum, the fees for playing these games are significantly more feasible. Although BSC is still a relatively small ecosystem, it does play host to some GameFi initiatives.
Furthermore, BSC users get even more advantages if they are living in the United States and looking to earn money with cryptocurrency. Why? Because they can now utilize the network to deposit and withdraw funds from the Binance.US exchange, which launched in December 2021. That being said, to comply with US laws, Binance.US only allows trading in a subset of assets and does not provide trading in all currency pairs.
How to Access BSC and the Related Fees
So, how do you access the Binance Smart Chain (BSC)? Popular wallet add-ons for browsers allow users to purchase BSC. In addition, the native reward tokens of the exchange, BNB, and BEP-2 may be accessed with MetaMask, Phantom Wallet, and Binance Wallet.
To transfer BNB, Binance USD (BUSD), or any other token to the proper network, users must first connect their wallet by following the instructions provided by games, online NFT platforms, or other distributed programs. The US. Possession of BNB might unlock early entry to games, granting players the chance to profit from token sales and exclusive item packs.
Of course, this beginner’s guide to playing games on BNB Chain won’t end without telling you about one of the most important aspects of the process, the fees. When making transactions based on Ethereum tokens, you will be spending more, up to $0.20, compared to BSC, which only requires $0.03.
With the rise of web3 and all its opportunities, it’s a waste if you do not at least give these pay-to-earn games a try, especially if gaming is one of your favorite hobbies. After all, who doesn’t want to be doing something they love? We hope that this beginner’s guide to playing games on the BNB chain has explained all you need to know to start, and we wish you good luck in your new endeavors in this new world of cryptocurrencies!