Play-to-earn games have gained tremendous popularity in recent years. The gaming community got involved mainly because of the thrill and lucrative rewards associated with the games. If you look at the recent statistics, some popular titles have over 1 million active users. Each game, genre, niche, and entire play-to-earn gaming space has a community around it, in which members actively interact and, in some cases, promote the game on various social media platforms. Word-of-mouth promotion seems to have worked well for them.
What exactly are play-to-earn games?
As the name suggests, any game that rewards users for participation falls under this category. But, there is an important aspect here, the rewards given must have some real-world value. Therefore, if a game only offers coins that are redeemable within the ecosystem and have no apparent value outside it, these will not fall under the play-to-earn domain.
The rewards offered can be anything from in-game tokens, native tokens on the platform, NFTs, skins and weapons, among others. Each game can reward users with one or more of these. It all depends on how the game is developed and how the items involved are integrated.
How do play-to-earn games differ from regular games?
It’s quite simple! For regular games, you have to spend a certain amount, either to buy it or to unlock the full version. In the play-to-earn game, you are rewarded for active participation without spending a single penny, however, for some of the titles here, you have the option to progress quickly to the initial stages by acquiring certain items from the market.
Also, as discussed earlier, the rewards available in play-to-earn games have significance beyond that as well. To understand this better, let us take an example. Let’s say you are playing a game from the GTA series. Any points or rewards won for completing a mission help you advance in the game, but cannot be sold or redeemed for fiat currency.
When talking about play-to-earn games, let’s consider Ada Daemon, a popular title around which an entire ecosystem revolves. Here, when you collect items or receive rewards, typically NFTs or native tokens of the platform, these can be traded on built-in marketplaces or exchanges. Furthermore, there is an option to stake tokens, where you lock them on the blockchain for a certain period of time to verify transactions and receive a regular stream of funds as rewards.
Can I earn rewards without actually playing the game?
Yes, we now have titles that reward users for simply watching live streams of games, and these have become extremely popular among the gaming community. Such methods are a great way to introduce users to the gameplay and understand the intricacies involved.
In addition, there are a bunch of other rewarding protocols, for example, wagering. Here, instead of playing the game directly, users get a chance to earn if the player of their choice wins the round or the game, as the case may be.
What is the future of play-to-earn games?
Play-to-earn games are developed on the blockchain, and with the industry still evolving with each passing day, the future looks bright. And the best part, a huge part of the industry is still undiscovered, giving developers an option to come up with great ideas and fill these vacancies.
If you find a play-to-earn game that has a native token with an interconnected ecosystem and market-oriented tokenonomics, investing in it may not be a bad idea. Also, with options like staking and liquidity pooling, investors are bound to earn good returns with play-to-earn games. But it all depends on your current situation and market dynamics.
Even if you don’t want to, the concept of Play-to-Ear games is impressive in itself and has a long way to go. The money being pumped into the development is a testament to the craze building around them and how the developers are leaving no stone unturned to make the most of the situation.
When it comes to play-to-earn games, there’s no shortage of innovation and creativity. We have a plethora of new titles released each day, employing the latest protocols and offering advanced features. If you haven’t tried them yet, we recommend starting with Ada Monster, Axie Infinity, or D-Fi Kingdom for the best experience.