Crypto Learn and Earn Gaming Platforms Abound

I saw President Trump on a live youtube video last night saying that all one needed to do was scan a code, send one’s crypto and the federal government would double it for patriots. That was a brave offer made on a platform that had the Seahawks-49ers game on live. Well- it was a live address by the President, and of course made with AI fakery. Crypto schemes of the decentralized money abound these day.

There are crypto gaming platforms for learn and earn schemes- some are legitimate and others aren’t. People invest time learn about crypto in videos in exchanger for micro-crypto payments of the blockchain currencies. Some of those are pyramid schemes or other sorts of levers. Last year there was more than 5 billion dollars in crypto fraud.

People are inclined to supplement regular earnings at home with the crypto gaming and learning and earning platforms so I will post a couple of AI observations about the phenomenon. To my knowledge, crypto gaming hasn’t yet conquered the online blitz chess playing realm, yet I suppose that it will. When players can earn even a tiny percent of micro-crypto currency for gaming, that is the direction they migrate to. Advertising and activity on gaming platforms are an incentive for developers to begin a crypto-currency and a gaming platform to publicize and induct users.

What Is Crypto Gaming And How Does It Works?

Gemini– “Crypto learning gaming platforms, which often utilize a “learn-to-earn” or “play-to-earn” (P2E) model, use gamification to educate users on crypto concepts and reward them for their time and engagement with digital assets that can have real-world value. 

Platform Mechanics and User Induction

Crypto learning and gaming platforms use game design elements like challenges, quizzes, and rewards to onboard users into the Web3 ecosystem. 

• Gamified Learning: Platforms such as CoinBase Earn and Binance Academy provide interactive lessons and quizzes. Users are often rewarded with small amounts of cryptocurrency for completing these educational modules, making the learning process engaging and incentivized.
• Play-to-Earn (P2E) Model: This model is central to crypto gaming. Players can earn in-game items as NFTs or a specific game’s cryptocurrency by completing tasks, winning battles, or exploring virtual worlds. This effectively monetizes the time players spend in the game, a departure from traditional gaming where assets have no real-world value outside the game’s closed system.
• Asset Ownership: Unlike traditional games where assets are centrally controlled by developers, crypto games utilize blockchain technology to provide players with true ownership of their in-game items (e.g., skins, weapons, virtual land) in their own digital wallets. These assets can then be traded on decentralized exchanges and marketplaces. 

Use of User Time and Value

The platforms “use” user time by converting the user’s engagement and gameplay into a verifiable, monetizable activity on the blockchain. 

• Monetization of Engagement: The time spent by users is rewarded with assets (tokens or NFTs) which can be sold for real money, providing a potential income stream for players.
• Ecosystem Participation: By engaging, users help build and sustain the platform’s community and economy. The value of in-game assets and the platform’s native token can increase with a larger, active user base, benefiting both developers and early participants.
• Transparency and Trust: Blockchain technology ensures that transactions and asset ownership are recorded transparently and cannot be altered by a central authority, which builds a level of trust and fairness in the system not present in conventional gaming. 

In essence, these platforms are designed to give value back to the player for their time, rather than just the developer, by leveraging decentralized digital ownership and reward systems. “

There is no official count of existing “watch and learn to earn” crypto gaming platforms, and thus no official percentage of those that are or were fraudulent, due to the decentralized and rapidly evolving nature of the crypto industry. The number of platforms is constantly changing, and many are unregulated and operate outside traditional financial systems. 

Fraud Statistics and Red Flags

While a specific percentage for “watch and learn to earn” gaming platforms is unavailable, general cryptocurrency-related fraud statistics are significant, with investment scams being the most common type. 

• Total Losses: Total estimated losses from cryptocurrency scams reached $5.6 billion in 2023, with investment scams accounting for almost 71% of all losses related to cryptocurrency in 2023.
• Prevalence: The FBI reported in 2024 that 86% of investment fraud schemes in 2023 involved cryptocurrencies.
• Victim Awareness: Many victims are unaware they are being scammed; the FBI notified over 8,000 victims of crypto investment fraud in one operation, and 77% were unaware they were victims.
• Illegal Activity Percentage: In a report from Chainalysis, illegal activities made up approximately 0.34% of all cryptocurrency transactions in 2020, though the raw value of illicit transactions has increased substantially in recent years. 

How to Spot and Avoid Scams

Be cautious of opportunities that seem too good to be true, as they likely are. The FBI and FTC offer the following advice: 

• Promises of Free Money: Promises of free cash or cryptocurrency without clear terms are always fake.
• Big Claims, Few Details: Scammers make big claims without providing sufficient detail or explanation of how the platform works.
• Pressure to Act Quickly: Scammers often create a false sense of urgency or isolation to pressure victims into making quick decisions.
• Suspicious Websites/Apps: Be wary of websites or apps with names that are slightly different from legitimate institutions.
• Requests for Fees to Withdraw Funds: Legitimate platforms will not require you to pay an extra “fee” to access your own funds.
• Unsolicited Advice: Be very cautious of investment advice offered by strangers met on social media or dating apps. 

If you encounter a potential scam, you can report it to the FBI’s Internet Crime Complaint Center (IC3) or the Federal Trade Commission (FTC) at ReportFraud.ftc.gov.