Video games found their way into the advanced technologies used in cryptocurrencies and blockchain, utilising digital currencies and tokens to get rewarded for playing video games.
Blockchain games differ from traditional video games in that players can contribute to the games and add more level and experience. At the same time, classic gaming entails huge production corporations developing games that players cannot influence or adjust.
With the play-to-earn concept, players can build their creator’s economy and monetise their digital creations and assets. Let’s dive deeper into this concept and what makes it unique.
What is Play-to-Earn?
Play-to-earn refers to engaging in various video games and earning money as a reward. Coins can be earned as the player advances in the game, which advanced use cases in real life and blockchain applications.
These games attract more users to their platforms because they provide real-life utilities to the coins and money earned throughout the game. These rewards can increase in value the more advanced you go, motivating players to spend more time in the game.
P2E games were founded in conjunction with the rise of GameFi utilities and metaverse technology.
As the name suggests, play-to-earn means indulging in gaming activities for financial gain. Players receive monetary rewards and incentives the more they advance in the game.
Play & earn games are based on crypto and DeFi projects that attract more users through providing advanced gaming experiences powered by a native token as a unified reward system.
P2E Games Vs. Classic Video Games
Web 3.0 gaming takes advantage of advanced blockchain capabilities and the popularity of the gaming industry and embeds it with cutting-edge use cases. Crypto games are built based on decentralised power and shared control, where users can participate in the game’s development.
Thus, users can create digital assets, experiences, game levels and digital events and monetise them. Developers can monetise these opportunities by charging money to use them or setting entry fees.
On the other hand, classic video games are developed by corporations and production studios that incorporate the most advanced technologies and storylines with minimum player interference. Therefore, the player’s role is limited to playing, earning rewards and trading in in-game stores.
Conclusion
Play-to-earn is the new trend for crypto and gaming enthusiasts who want to get the best of two worlds: playing video games and earning cryptocurrencies.
P2E introduces real-life utilities to traditional gaming reward systems, where players can earn digital currencies and use them in different Web 3.0 investment opportunities and projects.
This concept gained popularity as a new way to make passive income the more you advance in blockchain games, earning money that can be used in real life.
