One of the main objectives of human beings, since the beginning of our times, is to earn money. Normally this used to be limited to the work environment. Still, with the development of current technologies, people can earn money in various ways, one of them being through "Play To Earn" (P2E) video games.
Cryptocurrencies and the rise of NFTs, this new type of video game has appeared and is completely changing the way of understanding gaming. Both investors and players can earn money in a much more fun and innovative way. It is offering all those users who do not yet understand the concept of the cryptocurrency market the power to acquire and trade these digital assets. But what exactly are these games, and what are they for?
Let's find out what play-to-earn games are and how they work:
What is the Play-to-Earn (P2E)?
The gaming industry has always been at the forefront of technologies, making the most of all the options that new technologies bring us. It has generated unique experiences that have attracted millions worldwide to invest time and money in these assets. However, just as blockchain technology is increasingly being introduced into the sectors of our society, it has not been left behind in the world of video games either. It has thus created one of the most interesting use cases based on blockchain technology and cryptocurrencies: the Play-to-Earn video games.
The Play to Earn video game is based on a model through which a user can earn in the form of cryptocurrencies or tokens and NFT when playing. It has completely changed the way blockchain technology assets are being exploited. Many experts have considered it the new Gaming 3.0. A phenomenon where the main currency of exchange is cryptocurrencies or tokens and NFTs, and where the user can earn these rewards while playing. Moreover, in many cases, it is the companies themselves that pay users to play.
There is a main features of this type of video game. Find the following:
A large part of these video games is generated through a blockchain. This blockchain is responsible for creating unique and collectible items for each game, making them valuable in the context of the game.
These are decentralized games that have been specially designed to encourage NFT trading.
Rewards come from NFT (Non-Fungible Tokens) and cryptocurrencies or tokens, the main assets within blockchain technology.
The cryptocurrencies obtained from the games can be traded on exchanges such as Binance, Coinbase, Gate.io, etc.
How do P2E games work?
The mechanics of the games are not as complicated as they seem. Although certainly, everything will depend on the modality formulated by the game to generate income Or directly from the game itself.
You don't necessarily have to get money while playing because you can also get rewards if you complete daily tasks, missions, or compete within the game. The developer's mechanics will directly condition these games' functioning. Some of the most popular games are the pioneer Spells of Genesis, and the first NFT game, The Sandbox or So rare. Here the user can obtain cryptocurrency rewards in the form of free cards at the beginning of the game.
The user must register for a computer game based on NFT to get rewards. While some may involve an initial investment, you can get NFT for free as you play.
Play-to-Earn video games put the player at the center of their economic engine. It is the player who owns those digital assets (whether NFTs or tokens), who decides to exchange them for money, for other NFTs, or to collect them and wait for their value to increase over time, or, in the worst case, to decrease.
How to Play (P2E) Play-to-Earn games?
Starting playing in the Play to Earn model is not as simple as registering and creating an account. You must follow a series of indications without which you would not be able to play:
The important thing is to have a wallet or digital purse to store the cryptocurrencies and all the monetary rewards you receive while playing. Now it is time to buy cryptocurrencies from the game and acquire the NFTs you want with them. As we mentioned in previous lines, some games require you to buy characters or objects to be able to play. Some games do not need to do that. As you continue playing, you will earn cryptos that you will save in your wallet. As you can see, these are very simple steps, but they can provide you with many possibilities as an investor.
Which play-to-earn (P2E) game is popular?
There are a lot of popular games available. Here are 5 popular play-to-earn (P2E) games among them:
1. Axie Infinity.
Players earn Smooth Love Potion tokens, which can be sold for Axie Infinity Shard tokens, the main utility tokens for the game. In the game, users raise their small pets (which are NFTs) and make them fight with other characters. Money can be earned by feeding and raising them or by winning battles with other characters.
2. The Sandbox.
The Sandbox is a 3D virtual metaverse built on the blockchain where players can play, collect and build self-made creations (e.g., landscapes, houses, interiors) and implement them in their virtual environment.
In doing so, players can monetize their gaming experience by selling virtual lands or self-made objects as NFTs, where they retain full ownership. Players can earn rewards by joining The Sandbox ecosystem.
3. Gods Unchained.
These cards have support, attack, interrupt, or defense powers. Some cards rely on more physical damage while others are made for magical attacks. Need to create a deck of cards, and those who combine the use of these cards very well are more likely to win.
4. Splinterlands.
Players collect cards and combine different cards to compete with other players. After winning the game, they can get Dark Energy Crystal (DEC) cards and rewards. Cards can be used for battle, level up, sell, or rent to other players, and Rare cards have a higher collectible value.
5. Star Atlas.
Star Atlas is a new NFT game with a proposal of intergalactic worlds that reminds us a lot of the classic Ogame. We make expeditions to planets in other galaxies to obtain the best rewards for us.
One characteristic that differentiates Star Atlas from other games is that it works on the Solana blockchain, which brings enormous speed to the transactions made within its system. Another advantage of being under this network is its low commission cost when making transactions with its native token, the Star Atlas DAO.
Play-to-Earn (P2E) video games have established themselves as one of the main axes of the cryptocurrency market. Many experts see these platforms as the future of gaming and video games as we know them today.
What is your favorite P2E game? Comment down below
No comments:
Post a Comment