What Is a Play-to-Earn Gaming Model and How to Develop One?
www.assetfinx.net
Play-to-earn games have shaken up the entire gaming industry and emerged as a win-win solution for both players and game developers. If you are still a noob in this space and do not know how it works, now is the time to catch up and become a gamechanger.
What is a play-to-earn game and how does it actually work?
A play-to-earn game is the latest trend in the gaming industry that champions the idea of an open ecosystem where both players and game developers can make their contributions to the gaming space while reaping financial benefits. The majority of all existing play-to-earn games center around aspects such as PvP battles, action, strategizing, adventure, and racing, meaning that the advanced gaming model can cater to the interests and likes of pretty much anyone.
How to make money with play-to-earn games
In P2E games, players are rewarded for their wins and achievements with special prizes. These can be non-fungible tokens that can be sold on internal trading platforms or secondary NFT marketplaces, and/or cryptos that can be exported to a crypto wallet and exchanged for real money. In general, the value of a financial reward in a P2E crypto game depends on your gaming experience, involvement, time spent playing the game, popularity, ratings, and, chiefly, the demand for the in-game NFT assets or cryptos.
P2E games provide the chance to earn money
Undeniably, the greatest thing about play-to-earn games is that they provide players with a chance not only to unwind and immerse themselves in a virtual world, but also yield revenue from their remarkable achievements and results in the game. Essentially, it is not just about making money, as gamers have the chance to take part in virtual economies, and sell, buy, and trade the gained crypto assets and NFTs on global platforms.
Understanding the limitations of play-to-earn games
For every plus there is a minus — and such is the case with the play-to-earn gaming model. Without any further ado, let’s move on to consider some of the main challenges of P2E games and discover whether it is possible to overcome them.
P2E games are not that cheap to enter One of the biggest downsides of P2E games is that one will need to have large amounts of money so as to engage in some of the existing games. Axie Infinity, for example, requires players to purchase monsters in order to participate in various missions and quests. These are rather expensive and not affordable to everyone — but you will be unable to play the game without them.