Gaming for money
Gaming for money is a small part of the game that allows the player to participate in the in-game microtransaction economy to earn in-game rewards and currency that can be redeemed for real money.
The video game economy often revolves around the use of various assets and coins to facilitate microtransactions. You will find many opinions on the value or importance of microtransactions. However, one of them is that they changed the landscape of the game.
How Will play-to-earn Change the economy of gaming?
Games for Money (P2E) are set to have a significant impact on the in-game economy. In the past, to participate in microtransactions, you used to deposit real money into exchange assets using P2E, you could just play games and earn your way to those items.
This is different from getting or unlocking an item in that you earn money to buy that item. This means you can choose to play game A (because it's easier for you to collect assets), cash them out in dollars, then take those dollars and buy coins in game B (one games that you find difficult).
You can also choose to withdraw money from the game and pay the rent. What this does for the savvy player is create an avenue in which they can supplement either their hobby or lifestyle. All while enjoying their time in a virtual environment.
How do NFTs and cryptocurrencies play a part in P2E gaming?
NFTs are an important part of the P2E ecosystem. Non-fungible means that the token has a unique numerical identifier that is immutable and cannot be copied, replaced, or split when stored on the blockchain.
Authenticity and ownership are verifiable on this blockchain. NFT allows these P2E games to reward players with non-monetary loot that they can collect or sell at will.
They also allow for unique game interactions such as training the only creature of its kind or wielding a sword with stats like no other on the planet.
When it comes to cryptocurrencies, this is one of the ways these games can pay for your game. The various tokens and digital assets issued for in-game actions are usually in the form or exchangeable for cryptocurrencies such as Ether.
This allows you to turn your in-game time into money by exchanging your loot for real-world currency or goods.
Examples of play-to-earn games
The types of gambling games to win can range from massively multiplayer online role-playing games (MMORPGs) to one-on-one real-time strategy (RTS) games. Functions and how you earn rewards will vary from game to game.
The constant point between every P2E game is that you can use your gaming pleasure to win all of them. I will provide some details on a few of them below, however, there are hundreds, if not thousands, of them already available or in development. You should do your own research (DYOR) with any game you choose to invest time and money in.
The Sandbox is a virtual Metaverse where players can play, build, own, and monetize their virtual experiences. This may be as close as you can get to experience Ready Player One at the moment.
ZED is a provably fair digital horse racing play-to-earn game built on blockchain technology. Create a legacy by building a star-studded stable of winning racehorses. Zedrun gives you the ability to breed, race, and trade horses.
Illuvium is an NFT collection and auto fighting game built on the Ethereum network. Players can earn $Ilv and NFT by fighting in the open world RPG. One of the biggest P2E games Illuvium tries to bridge the gap between the game to win and the AAA game.
Axie Infinity is a trading and fighting game that allows the player to collect, breed, breed, battle and trade creatures known as Axies, which are NFTs. New players must purchase at least three Axies to start winning in the Axie universe.
Galaxy Fight Club
A game invented as blockchain's Smash Brothers, Galaxy Fight Club has a game style similar to brawl stars. A PvP fighting game where holders of different NFT collections can play to win battles against each other. Players can both earn and win NFT or $Groin.
Town Star is a competitive farming game from the creators of Farmville. Each week, the top players on the leader board win prizes, and daily players can complete challenges to unlock and collect Town Coins to earn game rewards. It is similar to the Facebook games of previous years.
Crypto Fights M.E.T.A. (The most effective tactics available) includes the skill path you take to evolve your fighter and the skills you bring into battle with the gear you choose. There's everything in Crypto Fights, so you'll need deep strategy, critical logic, and real-time odds considerations.
In the future, games were never played as we know them today. With the ability to earn real income and own in-game assets, the game gets a lot more serious, and so do the players.