Why Play-to-earn Games Are Ruling The Internet

The NFT gaming marketplace is a place where the players can earn NFTs as credits and they can engage in buying, selling, and trading those NFTs. The blockchain games uses NFTs to speak for the in-game items and collectibles. This has the ability to extend outside the game's world. 

There are various gaming models in the recent growth in the NFT gaming industry. It grasps the current technology simultaneously and provides financial benefits to all the players in the online NFT gaming world. Following are one of such models.

The speciality of the NFT games is that they combine conventional gaming designs with unconventional game mechanisms. This will allow the users to have even more control over the in-game assets like skins, virtual lands, characters, weapons, etc. 

NFTs maintain the rarity and the uniqueness of these in-game items. This is the reason why the blockchain games assets are more costly than others.

The players can get the ownership for these in-game assets by the following three main categories. They can breed, purchase digital items marketplace that can be native or third party. The last one is by unlocking new items. 

The ownership for these items can be owned by the players using these three ways. The players are allowed to sell them and earn money. This is why this gaming model is known as play-to-earn.

The online gaming industry has been on the rise for the past few years and for a good reason. From a global pandemic pushing an online revolution to the ever-increasing mobile and internet penetration, more people are spending more time online. 

It is no wonder the industry is big money, raking in over $20 billion in revenue for 2020 alone. With an estimated 1 billion online gamers currently active worldwide, experts forecast growth in numbers reaching a whopping 1.3 billion active gamers by 2025.

The numbers speak for themselves. Gamers are so enthusiastic about their favorite games, that some spend hundreds of dollars just to get an upgrade on their avatar or access a coveted in-game item that will give them a leg up.

Blockchain-based play-to-earn (P2E) games are set to literally change the rules of the game by offering an equal playing field for everyone involved, giving players ownership as well as a source of income and making the time they spend playing worthwhile.