A Comprehensive Guide on Play-to-Earn Games
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A Comprehensive Guide on Play-to-Earn Games

The recent years witnessed a growing trend in blockchain gaming technology against the popular free-to-play or pay-to-win games. Gamers also love the gaming economy, providing many freebies to attract first-time players. For example, suppose a player cannot afford the initial deposit or investment. In that case, he can take advantage of the guilds or scholarship schemes.

What we see today is the result of the rise in prominence of the best play to earn games in the gaming sector. Now, gaming is no longer about mere entertainment but also about income generation and finance. This article can serve as a complete guide to the world of play-to-earn games. What are they? What is it about the NFT technology? And provide more answers. Click here to learn more about crypto launchpads.

What are Play-to-Earn Games?

The play-to-earn gaming model refers to online video games based on the rewarding system of blockchain technology. These games allow people who play them to be entertained and earn cryptocurrency after playing. Playing these games is also very fascinating and comes with another catch. Players need to make some initial investment to use play-to-earn games for entertainment and financial rewards. 

How to start playing play-to-earn games

Before playing these P2E games, players will need to buy some in-game assets upfront. For instance, playing the Axie Infinity requires purchasing a minimum of three axies, which costs some money. However, there are ways to get the axies and start playing. One of such ways is to enroll in scholarships or guilds. This method also differentiates play-to-earn from pay-to-win games or even pay-to-earn games.

Pay-to-earn versus Play-to-earn games

At times, people confuse these two categories of games. So, it is worth describing their distinguishing factors for a clearer understanding. For a start, pay-to-earn games are some play-to-earn games, sharing a couple of features such as initial investment. But in the case of pay-to-earn games, the players cannot begin to play in any other way except they first pay with an initial investment. 

So, the correct name we could call them is pay-to-play-to-earn games. As soon as the player makes the initial payment, they can start to play the game, accomplish tasks and earn more money. But then what do players need to purchase the starting elements in NFT games? What exactly will these players win when they pay to play? 

Pay-to-Earn NFTs

NFTs refer to non-fungible tokens, specific digital assets stored on the blockchain network for such reasons as playing games. NFTs come in several shapes and sizes and exist as digital images, skins, cards, and other in-game assets. These special tokens are unique and irreplaceable, which is why they are referred to as non-fungible tokens. These characteristics also make them valuable to anyone that owns one. 

On the contrary, money as a token of exchange is fungible because it can replace and reproduce any amount of fiat currency you give. When someone gives you a 10 AUD bill, and you give back another 10 AUD bill, you both are tied – no one gained, no one lost. But in the case of NFT trading or exchange, it is unlikely that both of you will end up having equal valued NFT after the deal. Anytime there is an exchange of NFTs, the value can increase or decrease. 

Frequently, when people think of pay-to-earn games, they think in terms of NFT-based games. Meanwhile, before you even begin to play these games, you need to prepare an initial investment in the NFTs in the game market. 

A Comprehensive Guide on Play-to-Earn Games

Play-to-earn Gamers’ ownership of NFTs

Applying NFTs to gaming makes it possible for the players to own these digital assets fully. Moreover, since NFTs are unique to each player, they could be linked to just one player per time, just like you use an ID card or a bank account. It also makes it possible to retain these ownerships until the game player decides to trade the assets.

Moreover, unlike traditional pay-to-win games, where the developers own the actual game assets, play-to-earn games make players share the value. This new system and model is possible due to NFTs, which tie the in-game purchases to the players, not the game. Owning the in-game assets allows the players to strategize on the best ways to get more value. 

As a result, these players can trade, sell or gift assets to other people. On the other hand, the NFT owners can also import some of these assets into the market using blockchain technology. As long as more people are willing to buy or trade these tokens, the cryptocurrency in use can increase in value and grow the play-to-earn games. 

The Design of NFTs for Play-to-Earn Games

As a developer, the goal of creating a play-to-earn game is for a growing value in the nearest future. For that reason, there is a need to pay particular attention to the game design, including the in-game assets in the form of NFT. Below are some common questions the developer must ask himself:

  • How can the players grow the value of the NFT?
  • Can the value of the NFT grow as the player advances from one level to another?
  • Will the significance of the NFT increase by trading the assets with other players?

For example, suppose the significant asset in the game is the weapon skins. In that case, there is, therefore, a need to distribute the in-game assets evenly. How many of the same game skin will the developer have to distribute among players. Will each player have about 10, 100, or even 200 game skins? The next question is about the value upgrade for these players. You may decide that each player can increase the value of their asset when they reach a particular level. 

Conclusion

At the end of this journey, it is essential to point out that some of these play-to-earn games are of immense value. These blockchain games allow players to invest in the game and earn a great deal in the form of cryptocurrencies. These cryptocoins could be in the form of existing standard ones or create their own. And since the initial break out of play-to-earn games in 2020, many players have found unique ways to make a living by playing games.