P2E (Play to Earn) is a gaming trend that has been rising in the industry. Any game that uses blockchain technology and rewards players with non-fungible tokens (NFTs) can be a part of this ecosystem.
Some games are purely based on earning NFTs. In contrast, others use the blockchain to create decentralized economies within their game worlds.
P2E gaming is one type of Play-to-Earn economy powered by blockchain technology. Over the last several years, there has been an increase in these types of economies due to the popularity of cryptocurrencies and non-fungible tokens (NFTs).
Play-to-Earn Trend in The Crypto Industry
Play-to-earn (“P2E”) gaming is a new way to monetize video games. In this model, players are given tokens for completing game-related tasks.
These tokens can be used to purchase in-game items or sold in exchange for real money.
Because of this, there’s an added incentive to play the game: you can earn money and gain status and achievements within the game itself.
As cryptocurrency becomes more mainstream, play-to-earn is becoming very popular in the crypto industry.
According to a recent report by Newzoo,
“The number of active gamers across all global markets will reach 2.7 billion by 2021, and 59% of these users are already open to buying digital items.”
Because play-to-earn gaming allows players to earn money while playing games they already love, it’s gaining traction and popularity in the crypto community.
For example, Gods Unchained is a blockchain card game that pays out millions of dollars every day through tournaments and single-player challenges; players can sell their tournament rewards in exchange for real cash if they are not interested in using them within the game itself.
Additionally, Worldopo is a geoeconomic strategy game that aims to increase player investment through fair payouts based on usage time and gameplay skills.
Players buy land tiles with in-game currency (WPT), increasing their land ownership percentage when other players buy nearby tiles from the same country or continent but decreasing it when other players buy tiles from the same country or continent but decreasing it when other players dispose of those same tiles back onto the market (either because they need WPT or don’t want them anymore).
With this gameplay mechanic, everyone receives a fairly split income based on how much WPT they have invested into Worldopo over time.
If you have purchased 100% land ownership over Canada, then 1% goes into your pocket every time someone buys/sells any tile from Canada – no matter where you are.
NFTs in P2E Market
NFT stands for “non-fungible token.” Fungibility is a term used to describe items that can be exchanged on an equal basis.
For example, a dollar bill is interchangeable with any other dollar bill. In this sense, the dollar bills are fungible.
On the other hand, bitcoin is non-fungible because each bitcoin has its unique blockchain attached to it. You cannot substitute one bitcoin for another and expect it to work similarly.
P2E gaming involves NFTs because of their non-fungibility. Each NFT has different features, so they are not interchangeable with each other.
In the P2E market and P2E marketplace, there are lists of NFTs available for sale or trade each week.
You, as a gamer, are the only person who owns your NFTs. But if you want to sell them to other gamers (or buy their NFTs).
Our P2E marketplace is where gamers can buy and sell digital items backed by real-world value. The marketplace is an innovative way of making digital goods tradeable and valuable – it’s a new way of trading in the open economy!
On the P2E Marketplace, you can list your NFT for sale or check out what other people are selling. You don’t need to download anything extra – purchase items on the platform that have already been minted as NFTs.
And since it’s all built into our gaming ecosystem, you don’t have to mess around with complicated blockchain technology either.
P2E Games List
Now that you know what P2E is, it’s time to get into the most exciting part: the games!
Below we’ll list some of the best P2E games, including those that reward players with crypto, NFTs, or both.
P2E Games That Reward Players with Crypto:
- Axie Infinity: Collect and battle fantasy creatures known as “Axis” in this magical world. Earn crypto by competing in battles, breeding new Axis from existing ones, and selling/buying your pets on a marketplace.
- Splinterlands: Collect cards to build a team of monsters for an epic battle against other players. Earn crypto by playing against others and winning tournaments. You receive additional gems as a bonus for paying for in-game perks with cryptocurrency. This bonus helps further incentivize the use of cryptocurrency among its users.
- Mythereum: Much like Splinterlands but with different cards/monsters and gameplay mechanics. Players earn crypto by winning battles in tournaments or through general gameplay. They can also earn Ether (ETH) through referrals when their friends join using their referral link.
- CryptoWars: Build a city using resources gathered during real-time battles against other players and enemies found within the game’s world. Buy land plots to expand your city before someone else does! Earn EOS tokens by defeating opponents during tournament play or exploring the game’s world. The best part is that there are no transaction fees when using EOS tokens within CryptoWars — so all you win is yours to keep!
Albert Einstein once said, “Play is the highest form of research.” Well-known for his far-reaching intellect, Mr. Einstein would be on board with the idea of P2E gaming.
By interweaving playful and educational components, P2E games expand what it means to play a game and learn simultaneously.
They eschew the divide between being entertained and learning and instead create a space where both activities occur simultaneously.
Having read this article, you can now say that you are one step closer to becoming an expert in P2E gaming! Now—go out there into your world and be awesome!