Have you ever thought of making some bills and cryptocurrencies just by playing a game! Isn’t it marvelous? Play-to-earn gaming has taken the crypto world by storm already, and let’s see how simple it is and why. Adults, after playing this uniquely designed gaming model, probably play for free after some initials are rewarded with cryptocurrency or NFT’s.
Play-to-earn has opened a new gate to the world of gamers, in which one will reward their efforts for spending time in an environment — for example, taking a traditional game like Chess in a play-to-earn model would earn income, as a player checkmates the opponents. These earnings would then redeem into real money when traded on an exchange or wallet.
P2E Gaming and NFT’s
NFT’s, as you have already heard of, is something that is “fungible” and can be exchanged with an equivalent item. For example, a $5 bill with another $5 bill. NFT’s are digital items that can be bought and sold using this blockchain technology. But they are not fungible, making them a different type of asset. On the other hand, Cryptocurrencies, which use a digital public record of transactions called a blockchain, are fungible.
The concept of P2E is only possible through the existence of non-fungible tokens (NFTs), which many people know as digital collectibles. When placed in the right environment, it enables users to engage in gameplay like that of a traditional game while resulting in digital rewards that can be sold for real rewards
However, the integration of earning and gameplay is still being determined as developers learn from existing projects. Puppy Planet, Block Ape Scissors are some games integrating NFT, decentralized finance (DeFi) and GameFi platforms in a play-to-earn model that allows players to obtain rewards.
Block Ape Scissors is the most cutting-edge play-to-earn ecosystem built onto the Binance Smart Chain Network. This P2E project is leaving no stone unturned, making sure to utilize Gaming, NFTs and DeFi as separate parts of an interconnected system designed to grow and evolve with its community.
Current Scenario
Nowadays, many people around the world are constantly making them engage in some side income one or the other way. With play-to-earn gaming, the potential to earn is unlimited. Average players are making a few hundred bucks per month just for playing a couple of hours per day. If they already have a job, P2E is a great way of adding some additional income while having fun. Indeed, few gamers from developing and developed countries like India, the US, the Philippines, etc. are earning a respectable wage by playing games on the metaverse, and many gamers made playing-to-earn on blockchain games their full-time career. As the metaverse is continuously evolving and new P2E games are being built, it is gaining more value and it will be entirely possible to make a good living as a professional gamer.
As NFT’s can be obtained by purchasing them, earning them, or receiving them as a gift backed with Blockchain solutions, play-to-earn can attract more individuals and business startups to make a fresh start.
Final words:
Experts and surveys prove that the blockchain P2E industry is growing rapidly. The development of an entire industry is taking place in real-time, P2E can be a game-changer. With more people getting involved in play-to-earn gaming, the number of projects is also growing day by day. This can boom the blockchain solutions, crypto, and NFT’s.