The gaming industry is slated to undergo tremendous changes over the coming years!
Play-to-earn games are defined as games that allow players to enjoy them in terms of game-play, by doing so, they can receive some sort of in-game currency that can, later on, be used to purchase NFTs, or transferred directly to a cryptocurrency wallet.
This is how players get paid by playing these crypto games and is one of the main incentives for players to engage actively within these games. It’s why ‘play-to-earn’ games have risen so much in terms of popularity.
Ultimately, these play-to-earn games will help blur the line between the real world and the virtual world. Giving people worldwide an opportunity to accrue NFTs and earn an income is an appealing idea.
For players, the P2E model creates an exciting market. While most are drawn to the idea of earning rewards, it also creates a much broader and more diverse gaming ecosystem. Some P2E games will be accessible through the browser or on mobile devices, whereas others may require a PC or console. Over 1300 play-to-earn games are on various blockchains, with dozens of new games launching every month. The first generation of P2E games prioritized earning over having fun, which leads to strong short-term momentum but a struggle to retain players months down the line. New games will need to cater to both short-term and long-term players while still providing money-making solutions.
Stay tuned, I’m just at the beginning of my research – current day technology is something incredible….