P2E what is it?!
Author: Hawk Live LLC
Last updated:
Many modern games have not been considered a tool for a pleasant pastime for a long time. Players can easily earn decent money for a living. Applications in which you can not only play, but also make a profit, belong to the group P2E or "Play-to-Earn".
The term P2E for videogames has recently entered the mainstream. It means that players can safely earn in various ways, such as by farming in-game currency, creating tokens, or staking.
Games with the concept of P2E, allow to get money for achievements or collect NFT and cryptocurrency, and then sell it on the market. All over the world, many people choose this industry as their main source of profit.
Gaming mechanisms can vary, but mostly the rewards come from in-game currency to create the cryptocurrency or NFT that can most often be traded. Blockchain games have been around for a long time, but in their early variations, the likelihood of income was slim. The Play-to-Earn idea involves an in-game economy and the creation of a business model in which players receive the very earnings promised.
Attitude towards NFT development
Blockchain and NFT technologies allow objects to be digitized so that they cannot be copied. Non-fungible tokens - NFT have a huge impact on all areas of life, including the gaming industry. With this technology, any interaction with virtual and real goods can be encoded. Essentially, an NFT is a digital certificate, which is a unique object that cannot be replaced or matched.
A token can be attached to any digital item - video, audio, image, object in a game, etc. It gives an exclusive right of ownership. To withdraw funds, you need to exchange tokens or game cryptocurrency on a trading floor or exchange.
Which blockchains are used to implement Play-to-Earn games
The concept of Play-to-Earn itself has been around for a long time. There are many online games with internal markets and fiat online auctions. Cryptocurrency games are different in that items and resources exist in a blockchain. This technology has a number of properties with which to confirm the ownership, legitimacy and rarity of items.
Blockchain can be thought of as a permanent database. Information on it is almost impossible to copy, change, or delete. Most gaming platforms and applications are based on Ethereum. The number of projects on TRON, EOS, NEO, ONT, VeChain and IOST is also increasing.
The most famous Play-to-Earn projects
As the Play-to-Earn concept has developed and grown in popularity, there are many games on the market that can generate revenue:
- Axie Infinity. The most famous p2e game, which is based on the Ethereum blockchain. The concept of the game is to grow, breed and fight Axie characters. It is not possible to play without starting capital because you have to buy animals in the market first. You can buy an adult character or an egg. The individual from the egg will appear after 5 days. You can breed pets or defeat them on the battlefield to earn money. Axie Infinity also has an AXS token. Thanks to it, you can earn passive income.
- Cryptokitties is considered the predecessor of Axie Infinity. The idea of the game is that players have to breed kittens and earn money from it. Each pet is a token that can be sold for Ethereum.
- Decentraland - A virtual world in which players create characters and interact with each other in a multitude of territories, each equipped with objects and decorations. Most objects are NFT, which can be bought and sold on the built-in marketplace. A special constructor allows you to create your own objects, which can also be sold.
- The Sandbox is a voxel-based, blockchain-based game platform that allows you to create game items, place them on plots, and sell and buy assets on an integrated marketplace. A special editor is used to create items. Essentially, you can create any game in any genre without much effort. The SAND token is the basis for transactions and interactions on the network.
- Gods Unchained collectible card game. A popular option among gamblers who want to compete for cash prizes in the form of WETH tokens. In the future, the reward can be exchanged 1:1 for Ethereum.
- Prospectors is one of the few games based on the EOS blockchain. To earn money here, you need to think through a strategy and follow it. Gamers get to control three virtual characters. Good results are rewarded with PGL tokens.
- Town Star is a flagship game based on the Ethereum blockchain. Essentially, it is a strategy, real-time farm management simulator. The main goal of the gamer is to build his own city and achieve its development. The game is free, but NFT is required for high results. You can earn money in the game by winning competitions. Winners get GALA coins. In addition, the player can get BOXcoin, but this requires an investment.
- Splinterlands is a game where you don't need to understand blockchain technology and cryptocurrency to profit. It's enough to play well. It is a tactical NFT card game in which you have to gather a collection of character cards and use them to fight other players.
- Alien Worlds is one of the most popular games, played by over two million users. Here you can earn from 1 to 3 NFT per hour. You need a Wax Wallet to play. The essence of the game is to press a button at a certain point. Then the game shows whether the player has received tokens or coins. You can choose the planet yourself, the place to dig on it. By the way, the TLM tokens that can be earned in Alien Worlds are placed on Binance.
- Neon District - the essence of the game is that the player becomes a resident of a virtual city and fights against the oppressive government. In order to win, the player needs to fight, pump up his character and come up with strategies. Equipment and characters can be sold or exchanged for Ethereum.
The ability to make money from blockchain games has made them incredibly popular. Thanks to the technology and NFT used for Play-to-earn games, new ideas can be created and implemented all the time.
How much is it possible to earn?
Traditionally, games are not known for rewarding the user with cash. People may also find it hard to believe that making money with blockchain-based games is possible. But it is not just possible, people in developed countries are already doing it and making a living at it.
The method of farming, in which earnings are directly proportional to skills and the amount of time spent playing, provides a steady stream of income. This method has proven profitable and popular in the Philippines, where games like Axie have become an alternative to unemployment benefits. Players can easily earn between $200 and $1,000 monthly by farming SLPs. Of course, this depends on the market price as well as the time spent playing.
Possible outcome
In recent years, the success of blockchain projects has been so overwhelming that well-known game developers are unlikely to ignore it. It is predicted that the P2E model will soon be implemented in their games by many major players in the game industry. And such a rapid development eventually opens up new strategies and prospects for earning on NFT. P2E technology allows gamers to create digital assets and earn from them through the game's infrastructure. And in the near future, p2e could make a huge impact on the creation of new games with the traditional f2p and p2p model.
