Overview
The gaming industry in the 21st century has shown us many wonders from the craze of gaming innovations to the craze of technologies. In the midst of playing, who wouldn’t want to earn while playing games? The frenzy gaming atmosphere is developing a hobby where playing games is taken as a career option.
Earlier playing games was fun but now-a-days earning from playing games is a delirious culture.
Is there any idea what or which or how these chances were created to Play-to-Earn Games?
Well the widespread use of next gen technologies made it possible to Play an Earn. The mobile gaming industry using the AR/VR, Blockchain & IoT technologies are immensely boosting the growth of it by increasing its surplus with every counting year.
What are Play-to-Earn Games?
One of the highly demanded gaming genres across the globe; Play-to-Earn games are aiming at revolutionizing how one earns from playing games. Up till now the primary source to earn for gamers was taking part in tournaments and massive prize pooled events. But now due to game-tech modernization this new system eliminates the tough competitions and hurdles one used to face.
The two trending technologies that have significantly contributed to this segment of game are Blockchain and Web 3.0. Both the technologies integrate highly secure and user-preferred functionalities that make it the most profitable exchange.
In general there are two ways of earning in Play-to-Earn games :
- The user is allotted a particular task and is asked to complete it within the stipulated time and the user earns money by winning the levels
- The user can earn by permitting the sale of characters, assets, levels, rewards etc.
How do P2E Game Models work?
As you know Play-to-Earn Games are among the highly demanded gaming genres and to fabricate it every skilled game developer would highly recommend using Blockchain and the Non Fungible Tokens. Unlike the traditional Games here the developers and players both are benefited.
The main objective of Play-to-earn Games is trading of cryptocurrencies which allow the players to earn money. The platform of playing is based and founded on Blockchain technology which quite necessarily provides a clear and transparent security. These Games unleash the power of drawing a plethora of users in large numbers.
These games result in exchange of digital assets or earn a plethora of tokens which indeed buys them the real money. In Play-to-Earn Games, the players receive tokens either by completing the tasks assigned or by completing the levels.
For instance, to play the players need to create an account and buy the assets for playing. Once they have won the battle, the players will receive various kinds of tokens as a reward. On the top of that developers and players both can claim the royalty fees. They either utilize an in-game exchange platform or use a third-party one.
How are Play-to-Earn Games different from other Games Genres?
Earlier the traditional games created an atmosphere of fun and entertainment. But in today’s new gaming genre, Play-to-Earn Games gives an immense playful atmosphere to enjoy the traditional games but with an opportunity of earning real money in terms of tokens of cryptocurrencies. The gaming ecosystem is generally built on blockchain technology which provides a secured platform.
As you know, till now the path of earning for players was participating in tournaments and massive events of games but in today’s modernisation genre of games, the advanced features of Blockchain Technology and Web 3.0 help a lot in earning by sitting at one place and winning every level by defeating the opponent. For players it’s not just about earning points but these points can be converted into tangible earnings.
The enhancement, engagement, commitment and dedication of players mostly can be studied by checking the social interaction of players. The players can trade and collaborate with each other with the progress in the game resulting in a handful of rewards. This can create an environment of shared ownership and investment in games.
Future Trends in Play-to-Earn Games
Play-to-Earn Games, the newly demanding gaming genre, are also called Blockchain games. You might be wondering is there any specific reason that Play-to-earn Games are related to Blockchain technology?
Have you ever thought how Play-to-earn is gaining so much momentum and like are they even safe? Well the answer is yes. One of the most advanced technologies: blockchain has been making it possible for these platforms to become a secure trading route.
Blockchain has been addressing numerous issues that may arise when there is real money involved for a gaming platform. This might adversely impact the audience engagement quality and big P2E gaming platforms may end up losing their users.
Users may face plenty of financial risks that lead to companies running these P2E games facing lawsuits. It can be either due to the system’s default technical errors or can be high profile hacking as there is real money at stake. However companies don’t fancy these data manipulation tactics and try to eliminate these setbacks.
One way to do this is setting up regulatory bodies to monitor and eradicate the possibility of those setbacks. Another more efficient and cost-effective way is integrating a technology which does the same for you. Here blockchain technology provides the following features for the user and game development companies that makes a significant difference.
Blockchain features like:
- Smart contract developed trading
- Decentralized information availability
- High security regulators and scalability
Allow the users to be rest assured, enjoy the game to fullest and earn without worrying about any third party, which can jeopardize their earning model.
Conclusion
In this rapidly growing Digital Entertainment Industry, the demand for Play-to-Earn Games is gaining popularity. So it might be the most profitable time to invest looking at the current gaming scenario.
Leveraging the technologies, providing a guaranteed strong environment where the users can rely on selling and buying assets of their choice. Game Developers aim in providing users an unique opportunity for not only playing their favourite games, but also keep earning and get the rewards for their efforts.
As Gaming Industry is rapidly exploding and thriving in the uppermost part of the market, the demand for Play-to-earn Games is increasing. It’s better to leverage the skills and experience of a game development company that ensures transparency, security and trustworthiness.These platforms without a doubt are modern solutions that check both the entertainment and the earning boxes.
FAQ’S
- What is Play-to-Earn gaming, and how does it work?Play-to-Earn Games are Games that help the users to make real money either by winning the levels in the game or by selling different virtual assets. Play-to-Earn Game uses a cryptocurrency exchange platform which runs on Blockchain Technology providing a secure environment. In order to Play, the users need to install the game in the device and the user is asked to complete all the levels. Once the user has successfully completed the level, the user can earn reward in terms of token and can convert these tokens into real money.
- How can I monetize my Play-to-Earn game?In order to monetize Play-to-Earn Games, a filthy and successful strategy is required with a good balance which could offer in-game purchases as well as selling it in the game community. There are certain ways to monetize these games like advertising, in-game purchases, transaction fees, Non Fungible Tokens and membership fees.
- What are some popular Play-to-Earn game genres?Only a few games are popularly available in Play-to-Earn Games. They are Alien Worlds where the user is assigned a task for mining resources on a frictional planet and by winning the battle the users can earn. The Sandbox game where the user can create, build, share and monetize their own 3D games and can earn by selling their creations as well as participating in different events of the game play. There are many other games like Splinterlands, Axie Infinity and F1 Delta Time which are developed using the Blockchain Technology.
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