Play-To-Earn Games – Features & Benefits

There are tons of games that you can play and have fun with. But that’s not it. Did you know that some computer and mobile games go far beyond just entertainment and allow you to earn cryptocurrency? In fact, it is so. Nowadays, you can diversify your income-bringing activities and make money in the most fun and exciting way.

The main distinctive feature of cryptocurrency games is that a part of their program code is built on the Blockchain system, which allows calculating winnings in digital assets and easily cashing them out. The gameplay process is easy, and winning odds are quite high. This makes cryptocurrency games so popular with a wide audience of players. If you want to give a try to play-and-earn games, then https://gamefiboost.com has a lot of useful information for you. In the meanwhile, let us explain in detail how the gameplay is arranged and what benefits you can count on when playing crypto games.

How Does It Work With Play-To-Earn Games?

Play-To-Earn (P2E) is a platform monetization system for players and developers, which allows all the game participants to exchange game items for digital coins. In general, the gameplay of Play-To-Earn is no different from conventional platforms. The main difference is associated with the implementation of the in-game currency. P2E projects use Blockchain technology, so instead of making fiat money, you can get Bitcoin or any other altcoin.

Here is how the play-to-earn model is arranged:

• The user connects to the server containing information about all the available game objects;
• Entering the platform, users are offered quests to earn game currency. Coins can be then spent on unique in-game items. In some projects, the Blockchain system is implemented directly through the game interface. Bonuses for completing tasks are immediately paid in cryptocurrency. And there are also NFT prizes for the luckiest players;
• In-game valuables can be sold at any time. NFTs are in demand on exchanges. Many traders use models to profit from price speculation.

All in all, the cryptocurrency game concept is to create a virtual trading market, where a digital coin acts as a universal medium of exchange and an NFT-item is a traded asset. Of course, you won’t be paid just like that. You will need to complete tasks and quests to get rewards and assets that you can then sell.

Benefits of Play-To-Earn Games & Alternatives

The Play-To-Earn model is not unique; there are a couple of similar solutions in the market. For example, there are Free-To-Play (F2P) games that allow users to play for free and are subject to high traffic. In this case, monetization is based on in-game purchases and advertising, such as buying skins in Dota 2.

When it comes to P2E games, the license is used by large developers, and access to a game can only be obtained for money. A combination of paid items and advertising is possible. You may be questioning what is good in games that require investment. In fact, they come with some unique benefits:

• Blockchain is used. Part of the game’s programming code is based on a digital system. Thus, the ownership of the in-game inventory is secured. For comparison: on a regular server, you can delete or transfer an item. The blockchain does not allow operations with the player’s property without one’s knowledge since a unique id is assigned to each purchased item;
• You can earn. The principle of Play-To-Earn allows you to earn real money while playing. Users receive rewards during the gameplay. The in-game currency is exchanged for NFT items or vice versa. A player can sell different assets on marketplaces for cryptocurrency;
• New gaming industry. The development of Play-To-Earn will lead to a change in trends for gamers, which will most probably revolutionize existing large projects. So far, this technology has not been introduced at the global level. But this is going to happen soon, especially taking into account that GTA LIVE servers with the introduction of NFT are already available.

Conclusion

Based on the above, we can conclude that P2E monetization is becoming a new win-win trend for both gamers and developers. P2E games are expected to have a bright future and change many industries in the coming years. And a gaming experience will never be the same.