Crypto, NFT, Blockchain and Games Interaction.
People around the world are turning their back on the traditional way of earning. The massive potential of crypto, NFT, and blockchain-based games has made people switch careers.
Many are now earning heaves of money while playing games based on NFT, especially Axie Infinity. Axie Infinity has generated $2.5 billion in trading volume. The game lets players earn a digital token known as Smooth Love Potion. The model of play to earn has transformed the lives of many throughout the world especially in the East Asian region.
The game’s massive popularity has made Axie, the blobby monster, the single most valuable collection of NFT in the world.
The interaction between Crypto, NFT, and games in the future metaverse, though confusing, has attracted huge investors into the domain. The co-founder of Reddit, Alexis Ohanian, and Mark Cuban invested in Sky Mavis. Justin Sun of BitTorrent and TRON Foundation launched a $300 million fund for play to earn a gaming model.
The exciting part for NFTs is that in the metaverse, players will sell, exchange, and even buy NFTs from others and use it anywhere irrespective of the apps, medium, or company. Moreover, the points, rewards, levels earned by the players will have value to them and won’t just vanish after the game’s competition.
This means that players will have private ownership of earned stuff, and can engage in its production, labor, or voluntary exchange. The idea is quite similar to capitalism.
Major gaming studios are keeping a close eye on the idea of Play to earn a business model. Many are cautious but eventually, the industry will come to a point where moving to it will become inevitable.
There are hurdles in the way especially the laws of gambling that do not encourage earning real money from games. Moreover, the transition will happen in the future but it will be a slow one.
Play to Earn Gaming News
Looking for the best play-to-earn games? Look no further than our video game review site. Our large collection of P2E games has been looked over and has all the information you need. From genre and game platform to tokens, whitepapers, and Discord and Twitter social media links, we have it all. In addition, we offer game trailers for each game, as well as game videos where we provide in-depth reviews. We pride ourselves on being up-to-date, and offer daily updates on the latest news in the world of video gaming. You'll find everything you need to stay informed about your favorite play-to-earn, blockchain, NFT, crypto, P2E, Web3, or metaverse games.
Check out our Top Games and game lists to discover the best play-to-earn games. And don't forget to read our fresh daily game news to stay up-to-date on the latest developments in the world of gaming. With our video game review site, you'll have everything you need to explore, discover, and enjoy the best P2E games out there. If you have PlayToEarn Game News, please contact us. If you are launching a game, or have PR around a new game, send it and our PlayToEarn Game news writers will cover it.