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What Are Play-to-Earn Games?

What Are Play-to-Earn Games?

Americans have long used video games to unwind after a long, stressful day at school or work. For most, the hobby is simultaneously a hobby and a medium for experimental art and storytelling. But if your skills aren’t in 99.9. percentile of players, converting the time you spend on a single game into actual revenue is out of the question.

What is a play-to-earn NFT game?

With NFT-powered P2E games, also known simply as “crypto games,” players now have the opportunity to take actual ownership of their in-game assets, the P2E game developers in on-chain NFTs shaped by blocks. While virtually identical to their traditional counterparts, minting in-game items like NFTs and entirely usable in-game currency like crypto opens up a wealth of possibilities for the player. Skins, weapons, characters, in-game currency, even virtual land in the metaverse – these virtual items that players can earn or buy in-game can be traded or sold for profit like any other NFT. And just like any other NFT, some of these in-game assets can sometimes turn heads. Irrigation quantity on the secondary market.

Another critical difference between P2E and traditional video games is their decentralised nature. In other words, the ongoing development of P2E games is collaborative, and developers often consider player feedback to improve the game. Often, groups of dedicated gamers come together to form a Decentralized Autonomous Organization (DAO) to foster community building among a P2E game’s player base. However, you can just start playing the game.

When players participate in the game economy, they create value for other players and the developer. In an interview with CNN Philippines, an Axie Infinity player shared his excitement about the game’s tremendous potential as a P2E title: specifically, how players could have a tangible impact on the game’s economy simply by playing constantly. “I liked the white paper. I liked how the game worked. I liked their plans for it,” said the player. 

“But more importantly, I liked how basic economics would work in Axie, where there will always be high demand for cryptocurrencies, but there will always be less supply. How much do P2E games usually cost? As with traditional games, it varies. For example, P2E titles like Splinterlands and Sandbox are free to play.

On the other hand, titles like Axie Infinity require you to pre-purchase the Axis you want to use before you even start playing.

Top play-to-earn NFT games on the Market

Although the P2E concept is relatively simple, game developers have found various ways to implement this mechanic. In the burgeoning development of the P2E gaming scene, two types of games have shown promise for successfully hosting P2E mechanics: collection-oriented games and creation-oriented games.

Gods Unchained

In this tactical card game reminiscent of Hearthstone and Slay the Spire, players must strategically outwit their opponents by building flexible decks to outperform most opponents’ strategies. It also helps to have decent cards that Yu-Gi-Oh, Gwent, or Magic: The Gathering will fondly remind you of. So how do you implement this P2E NFT card game into your core gameplay loop? And can even be sold as NFTs. An in-game “Forge” allows players to combine their non-NFT maps, creating an NFT meteor map.

Great. Additionally, players can participate in ranked PvP matches, which occur “most weekends,” depending on the game site. Participation in these qualifying weekend events will reward players with expansion packs containing NFT cards of different rarities depending on the player. During this season. The game has garnered widespread support from the community since its  release in March 2021, thanks to its deceptively deep game mechanics and balanced game design that keeps things from becoming pay-to-win mayhem. Since then, Gods Unchained has liquidated more than $2. 

Five million trading volume on its NFT marketplace, Immutable X. With over 13 million NFTs launched to date and over 65,000 unique asset holders, gamers are looking for a Hearthstone-like solution with P2E potential look no further.

Axie Infinity

In Axie Infinity, users can create an army of Pokémon-inspired creatures called Axies and battle with other players through card-based RPG battles. These axes can also be farmed, allowing players to craft potentially more powerful gear or even sell the creatures outright. With every in-game win, players can earn Smooth Love Potion (SLP), the in-game currency that also serves as a functional cryptocurrency. At this point, players can exchange their in-game winnings for fiat currency at Crypto Exchange.

Unfortunately, one of the biggest P2E games in the world has suffered a series of significant setbacks after a promising 2021. In April 2022, Axie Infinity experienced a severe decline in its user base after Lazarus Hackers Group Ronin (the Ethereum-connected sidechain that powers the game) stole $625 million in assets. By May 2022, the game’s AXS token had fallen 30 per cent. With the game’s economy collapsing in recent months, dozens of players who invested significant time and money are now “disheartened and in debt,” as TIME magazine tweeted.

As the game’s player base declined significantly, so did the value of its tokens, making 2022 a challenging year for the game. But there is hope that he can still recover. The game recently recovered a significant portion of its stolen funds. And plans to transition to a more player-friendly model in Axie Infinity: Origin shortly.

Decentraland

As the name suggests, Decentraland is a fully decentralized and constantly evolving 3D virtual world created by users. Within the blockchain gaming community, the title is widely viewed as a showcase for the potential of the metaverse. True to its reputation, players can buy land and turn it into pretty much anything. Players can do various things with their newly acquired digital land, from setting up a digital art gallery where they can sell and display NFTs from their collections. To create a maze of medieval dungeons – it all depends on the imagination. Decentraland hosted a Metaverse Music Festival in October 2021 with big headliners like Paris Hilton, Deadmau5, and 3LAU.

Two tokens govern operations at Decentraland: LAND NFT used to define ownership of digital real estate, and MANA, the cryptocurrency used to purchase LAND and in-game virtual goods and services. As of August 2022, there were 2.19 billion MANA tokens in circulation.

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