Play-to-Earn Crypto Games .
Play-to-earn games are frequently called crypto games – and for a good reason.
The main selling point of play-to-earn games is – “Hey, by playing this game, you can earn cryptocurrency.”
In the players’ minds, this can easily translate into – “If the value of this cryptocurrency rises, one day, you might become extremely rich overnight.”
Player motivation aside, here’s how these games work.
Essentially, crypto-based games reward players in small amounts of cryptocurrency. They collect cryptocurrency by participating in tasks, contests, or any other activity the game brings.
There are two main approaches developers can take here.
Top play-to-earn native cryptocurrencies. Source: CoinMarketCap
Play-to-Earn Games NFT
There is no talking about play-to-earn games without talking about NFTs.
Let me explain this mysterious abbreviation.
NFTs (non-fungible tokens) are virtual collectible assets. They can come in all sorts of different forms, from images to music.
In gaming, they usually appear as things players would collect anyway. For example, characters, items, skins, or virtual land.
All of this sounds quite typical, right?
Here’s the catch about NFTs.
NFTs are unique, irreplaceable assets that are impossible to duplicate.
Think of them as the equivalent of the Mona Lisa painting. Only on the blockchain. And in gaming.
These assets are stored on the blockchain, not just within the game. Also, each of them holds its own value.
Let’s say two players have two almost identical NFT characters in the same game. However, one of them has a red helmet, while the other has a blue one. If they were to trade, one of them would end up having a more valuable character than the other.
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