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Play to Earn games can come in various shapes, most of them require an investment from the start to be able to earn crypto, but some can be Free to Play and let users acquire power and currency over a long period of time investment.

Play to Earn Games! A new form of entertainment on the blockchain!

Play-to-Earn Games

The term P2E Games gives you a good image of that these games should be. Players can really earn money by playing them.

Play-to-earn is a gaming model that works on blockchain technology. Simply put, players can play a game and potentially earn cryptocurrency, while they can also invest to gain a reward advantage.

How does all this happen though?

In P2E Games, players can acquire potentially valuable in-game assets. That can be anything, from items, cards, skins or avatars to a specific type of cryptocurrency or asset. The more players play, the more assets they can collect, as well as make them more or less valuable. In traditional games, these assets are only valuable inside the game’s economy. However, in play-to-earn games, they have real-world value.

Anytime they want, players can transfer these assets to the real world and sell them for cryptocurrency or real money as they wish.

Most importantly, unlike normal games, these P2E games are decentralized. Meaning that the developer isn’t able to control everything as they see fit. In play to earn games, the in game assets are distributed among the players. By participating in the in game economy, players generate value for other players as well as the developers.

These games consist of two things people want entertainment and the possibility of making money as an extra.

Play-to-earn games are mostly called crypto games. The main attraction of such games is the exactly that, earning cryptocurrencies while enjoying the gameplay. Players can easily translate this into the expectation of the game’s cryptocurrency rising in value thus making the user richer. Essentially, crypto-based games reward players in small amounts of crypto.

They collect cryptocurrency and NFTs by participating in tasks, contests, or any other activity through the game.

NFTs are unique, irreplaceable assets that are impossible to duplicate. These assets are stored on the blockchain aswell, not just within the game. Also, all of them hold their own value.

As an example, two players have two similar NFT characters in the same game. However, one of them has a green armour, while the other has a purple one. If they were to trade, one of them would end up having a more valuable character than the other.

Play to Earn games can come in various shapes, most of them require an investment from the start to be able to earn crypto, but some can be Free to Play and let users acquire power and currency over a long period of time investment.

Written By

Petrache Ionut

May 28, 2022